ROVIN: what changed
Two fiscal 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.
ROVIN
Largest movements
- Cash -€199,687
down €199,687 (-72.6%), from €275,088 to €75,401
mainly Trade debts (-€61,182) and Stocks and contracts (-€47,289)
- Stocks and contracts +€47,289
new in 2025: €47,289
of which Contracts in progress: +€25,000
- Tangible fixed assets -€30,317
down €30,317 (-5.9%), from €517,464 to €487,147
- Financial fixed assets -€15,650
down €15,650 (-98.4%), from €15,900 to €250
- Trade debts -€61,182
down €61,182 (-54.9%), from €111,434 to €50,252
- Debts after one year -€46,628
down €46,628 (-13.7%), from €339,415 to €292,787
- Tax, wage and social debts -€45,684
down €45,684 (-67.8%), from €67,380 to €21,696
of which Taxes: -€38,829
- Reserves -€42,187
down €42,187 (-17.8%), from €237,572 to €195,384
- Gross operating margin -€186,303
down €186,303 (-68.7%), from €271,165 to €84,862
- Taxes -€47,501
down €47,501 (-99.4%), from €47,783 to €282
- Staff costs +€8,694
up €8,694 (+37.6%), from €23,145 to €31,839
- Depreciation +€7,944
up €7,944 (+10.9%), from €72,661 to €80,606
- Financial charges +€5,568
up €5,568 (+87.0%), from €6,401 to €11,969
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.
Cash bridge derived
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 | €876,577 | €683,680 | -€192,897 | -22.0% |
| Fixed assets | 21/28 | €533,364 | €488,904 | -€44,461 | -8.3% |
| Intangible fixed assets | 21 | - | €1,507 | +€1,507 | |
| Tangible fixed assets | 22/27 | €517,464 | €487,147 | -€30,317 | -5.9% |
| Land and buildings | 22 | €463,601 | €448,749 | -€14,852 | -3.2% |
| Plant, machinery and equipment | 23 | €22,269 | €16,706 | -€5,563 | -25.0% |
| Furniture and vehicles | 24 | €31,594 | €21,692 | -€9,902 | -31.3% |
| Financial fixed assets | 28 | €15,900 | €250 | -€15,650 | -98.4% |
| Current assets | 29/58 | €343,213 | €194,776 | -€148,437 | -43.2% |
| Stocks and contracts in progress | 3 | - | €47,289 | +€47,289 | |
| Stocks | 30/36 | - | €22,289 | +€22,289 | |
| Contracts in progress | 37 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €68,125 | €64,871 | -€3,254 | -4.8% |
| Trade receivables | 40 | €68,125 | €63,090 | -€5,036 | -7.4% |
| Other amounts receivable | 41 | €0 | €1,781 | +€1,781 | +2968833.3% |
| Cash at bank and in hand | 54/58 | €275,088 | €75,401 | -€199,687 | -72.6% |
| Deferred charges and accrued income | 490/1 | €0 | €7,216 | +€7,216 | |
| Total equity and liabilities | 10/49 | €876,577 | €683,680 | -€192,897 | -22.0% |
| Equity | 10/15 | €250,797 | €208,139 | -€42,658 | -17.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €237,572 | €195,384 | -€42,187 | -17.8% |
| Distributable reserves | 133 | €237,572 | €195,384 | -€42,187 | -17.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €825 | €354 | -€471 | -57.1% |
| Provisions and deferred taxes | 16 | €406 | €174 | -€232 | -57.1% |
| Deferred taxes | 168 | €406 | €174 | -€232 | -57.1% |
| Amounts payable | 17/49 | €625,374 | €475,367 | -€150,007 | -24.0% |
| Amounts payable after more than one year | 17 | €339,415 | €292,787 | -€46,628 | -13.7% |
| Financial debts | 170/4 | €339,415 | €292,787 | -€46,628 | -13.7% |
| Amounts payable within one year | 42/48 | €285,959 | €182,580 | -€103,379 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €46,606 | €46,628 | +€23 | 0.0% |
| Trade debts | 44 | €111,434 | €50,252 | -€61,182 | -54.9% |
| Suppliers | 440/4 | €111,434 | €50,252 | -€61,182 | -54.9% |
| Advances received on contracts in progress | 46 | €59,785 | €62,715 | +€2,930 | +4.9% |
| Taxes, remuneration and social security | 45 | €67,380 | €21,696 | -€45,684 | -67.8% |
| Taxes | 450/3 | €59,192 | €20,363 | -€38,829 | -65.6% |
| Remuneration and social security | 454/9 | €8,188 | €1,333 | -€6,855 | -83.7% |
| Other amounts payable | 47/48 | €754 | €1,288 | +€534 | +70.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €23,145 | €31,839 | +€8,694 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,661 | €80,606 | +€7,944 | +10.9% |
| Other operating charges | 640/8 | €6,807 | €3,237 | -€3,569 | -52.4% |
| Gross operating margin | 9900 | €271,165 | €84,862 | -€186,303 | -68.7% |
| Operating profit (loss) | 9901 | €168,551 | -€30,821 | -€199,372 | |
| Financial income | 75/76B | €1,159 | €885 | -€274 | -23.7% |
| Recurring financial income | 75 | €1,159 | €885 | -€274 | -23.7% |
| Financial charges | 65/66B | €6,401 | €11,969 | +€5,568 | +87.0% |
| Recurring financial charges | 65 | €6,401 | €11,969 | +€5,568 | +87.0% |
| Profit (loss) for the period before taxes | 9903 | €163,309 | -€41,905 | -€205,215 | |
| Transfer from deferred taxes | 780 | €232 | €0 | -€232 | -100.0% |
| Income taxes | 67/77 | €47,783 | €282 | -€47,501 | -99.4% |
| Profit (loss) for the period | 9904 | €115,758 | -€42,187 | -€157,946 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,758 | -€42,187 | -€157,946 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.