ROVOS: 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.
ROVOS
Largest movements
- Current investments -€100,000
down €100,000 (-83.3%), from €120,000 to €20,000
- Cash +€74,874
up €74,874 (+123.7%), from €60,541 to €135,415
mainly Current investments (+€100,000) and Depreciation (+€15,315)
- Tangible fixed assets -€12,122
down €12,122 (-3.6%), from €332,289 to €320,167
- Reserves -€28,342
down €28,342 (-11.8%), from €240,443 to €212,101
of which Tax-exempt reserves: -€28,342
- Provisions -€9,447
down €9,447 (-13.0%), from €72,711 to €63,264
- Other debts -€5,578
down €5,578 (-8.5%), from €65,562 to €59,983
- Gross operating margin -€297,224
down €297,224, from €281,438 to -€15,787
- Depreciation +€8,755
up €8,755 (+133.5%), from €6,560 to €15,315
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 | €513,869 | €477,753 | -€36,117 | -7.0% |
| Fixed assets | 21/28 | €333,329 | €321,207 | -€12,122 | -3.6% |
| Tangible fixed assets | 22/27 | €332,289 | €320,167 | -€12,122 | -3.6% |
| Land and buildings | 22 | €332,289 | €320,167 | -€12,122 | -3.6% |
| Financial fixed assets | 28 | €1,040 | €1,040 | = | 0.0% |
| Current assets | 29/58 | €180,541 | €156,546 | -€23,995 | -13.3% |
| Amounts receivable within one year | 40/41 | - | €1,131 | +€1,131 | |
| Other amounts receivable | 41 | - | €1,131 | +€1,131 | |
| Current investments | 50/53 | €120,000 | €20,000 | -€100,000 | -83.3% |
| Cash at bank and in hand | 54/58 | €60,541 | €135,415 | +€74,874 | +123.7% |
| Total equity and liabilities | 10/49 | €513,869 | €477,753 | -€36,117 | -7.0% |
| Equity | 10/15 | €374,852 | €350,310 | -€24,542 | -6.5% |
| Contributions | 10/11 | €123,104 | €123,104 | = | 0.0% |
| Capital | 10 | €123,104 | - | -€123,104 | |
| Issued capital | 100 | €123,104 | - | -€123,104 | |
| Outside capital | 11 | - | €123,104 | +€123,104 | |
| Other | 1109/19 | - | €123,104 | +€123,104 | |
| Reserves | 13 | €240,443 | €212,101 | -€28,342 | -11.8% |
| Non-distributable reserves | 130/1 | €22,310 | - | -€22,310 | |
| Legal reserve | 130 | €22,310 | - | -€22,310 | |
| Tax-exempt reserves | 132 | €218,133 | €189,791 | -€28,342 | -13.0% |
| Distributable reserves | 133 | - | €22,310 | +€22,310 | |
| Profit (loss) carried forward | 14 | €11,305 | €15,104 | +€3,800 | +33.6% |
| Provisions and deferred taxes | 16 | €72,711 | €63,264 | -€9,447 | -13.0% |
| Deferred taxes | 168 | €72,711 | €63,264 | -€9,447 | -13.0% |
| Amounts payable | 17/49 | €66,306 | €64,179 | -€2,127 | -3.2% |
| Amounts payable within one year | 42/48 | €66,306 | €59,983 | -€6,323 | -9.5% |
| Trade debts | 44 | €194 | - | -€194 | |
| Suppliers | 440/4 | €194 | - | -€194 | |
| Taxes, remuneration and social security | 45 | €551 | - | -€551 | |
| Taxes | 450/3 | €551 | - | -€551 | |
| Other amounts payable | 47/48 | €65,562 | €59,983 | -€5,578 | -8.5% |
| Accrued charges and deferred income | 492/3 | - | €4,196 | +€4,196 | |
| Non-recurring operating income | 76A | €299,158 | - | -€299,158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,560 | €15,315 | +€8,755 | +133.5% |
| Other operating charges | 640/8 | €1,823 | €2,033 | +€210 | +11.5% |
| Gross operating margin | 9900 | €281,438 | -€15,787 | -€297,224 | |
| Operating profit (loss) | 9901 | €273,054 | -€33,135 | -€306,189 | |
| Financial income | 75/76B | €6,228 | €3,770 | -€2,458 | -39.5% |
| Recurring financial income | 75 | €6,228 | €3,770 | -€2,458 | -39.5% |
| Financial charges | 65/66B | €5,228 | €4,242 | -€985 | -18.8% |
| Recurring financial charges | 65 | €5,228 | €4,242 | -€985 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €274,055 | -€33,607 | -€307,662 | |
| Transfer from deferred taxes | 780 | €1,901 | €781 | -€1,120 | -58.9% |
| Transfer to deferred taxes | 680 | €74,612 | €1,322 | -€73,290 | -98.2% |
| Income taxes | 67/77 | €1,816 | -€551 | -€2,367 | |
| Profit (loss) for the period | 9904 | €199,528 | -€33,597 | -€233,125 | |
| Transfer from tax-exempt reserves | 789 | €5,704 | €2,344 | -€3,360 | -58.9% |
| Transfer to tax-exempt reserves | 689 | €223,837 | €3,966 | -€219,871 | -98.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,605 | -€35,218 | -€16,614 | -89.3% |
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 6 October 2026 via checked.be.