ROVEXCO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ROVEXCO
Largest movements
- Cash +€34,473
up €34,473 (+63.6%), from €54,163 to €88,636
mainly Net result for the year (+€109,263) and Other debts (+€59,503)
- Deferred charges and accrued income +€3,671
up €3,671 (+9,894%), from €37 to €3,708
- Tangible fixed assets -€2,519
down €2,519 (-13.3%), from €18,944 to €16,425
of which Other tangible fixed assets: -€1,342
- Receivables within one year +€2,092
up €2,092 (+3.8%), from €54,922 to €57,014
of which Trade receivables: +€9,837
- Other debts +€59,503
up €59,503 (+74.4%), from €80,000 to €139,503
- Profit (loss) carried forward -€29,251
down €29,251 (-100%), from €29,251 to €0
- Tax, wage and social debts +€7,811
up €7,811 (+81.4%), from €9,599 to €17,409
- Trade debts -€2,163
down €2,163 (-85.7%), from €2,523 to €360
- Accrued charges and deferred income +€1,817
up €1,817 (+107%), from €1,694 to €3,511
- Gross operating margin +€36,233
up €36,233 (+29.3%), from €123,793 to €160,026
- Taxes +€13,484
up €13,484 (+49.3%), from €27,378 to €40,862
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,066 | €165,782 | +€37,717 | +29.5% |
| Fixed assets | 21/28 | €18,944 | €16,425 | -€2,519 | -13.3% |
| Tangible fixed assets | 22/27 | €18,944 | €16,425 | -€2,519 | -13.3% |
| Furniture and vehicles | 24 | €10,820 | €9,643 | -€1,177 | -10.9% |
| Other tangible fixed assets | 26 | €8,123 | €6,782 | -€1,342 | -16.5% |
| Current assets | 29/58 | €109,122 | €149,358 | +€40,236 | +36.9% |
| Amounts receivable within one year | 40/41 | €54,922 | €57,014 | +€2,092 | +3.8% |
| Trade receivables | 40 | €46,458 | €56,295 | +€9,837 | +21.2% |
| Other amounts receivable | 41 | €8,464 | €719 | -€7,745 | -91.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €54,163 | €88,636 | +€34,473 | +63.6% |
| Deferred charges and accrued income | 490/1 | €37 | €3,708 | +€3,671 | +9,894% |
| Total equity and liabilities | 10/49 | €128,066 | €165,782 | +€37,717 | +29.5% |
| Equity | 10/15 | €34,251 | €5,000 | -€29,251 | -85.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,251 | €0 | -€29,251 | -100% |
| Amounts payable | 17/49 | €93,815 | €160,782 | +€66,967 | +71.4% |
| Amounts payable within one year | 42/48 | €92,121 | €157,272 | +€65,150 | +70.7% |
| Trade debts | 44 | €2,523 | €360 | -€2,163 | -85.7% |
| Suppliers | 440/4 | €2,523 | €360 | -€2,163 | -85.7% |
| Taxes, remuneration and social security | 45 | €9,599 | €17,409 | +€7,811 | +81.4% |
| Taxes | 450/3 | €9,599 | €17,409 | +€7,811 | +81.4% |
| Other amounts payable | 47/48 | €80,000 | €139,503 | +€59,503 | +74.4% |
| Accrued charges and deferred income | 492/3 | €1,694 | €3,511 | +€1,817 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,017 | €5,108 | +€1,091 | +27.2% |
| Other operating charges | 640/8 | €947 | €1,372 | +€425 | +44.9% |
| Gross operating margin | 9900 | €123,793 | €160,026 | +€36,233 | +29.3% |
| Operating profit (loss) | 9901 | €118,829 | €153,547 | +€34,718 | +29.2% |
| Financial income | 75/76B | €1,664 | €182 | -€1,482 | -89.0% |
| Recurring financial income | 75 | €1,664 | €182 | -€1,482 | -89.0% |
| Financial charges | 65/66B | €4,448 | €3,605 | -€842 | -18.9% |
| Recurring financial charges | 65 | €4,448 | €3,605 | -€842 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €116,046 | €150,124 | +€34,078 | +29.4% |
| Income taxes | 67/77 | €27,378 | €40,862 | +€13,484 | +49.3% |
| Profit (loss) for the period | 9904 | €88,668 | €109,263 | +€20,594 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,668 | €109,263 | +€20,594 | +23.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.