ROWA: 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.
ROWA
Largest movements
- Tangible fixed assets -€11,854
down €11,854 (-10.9%), from €108,398 to €96,544
of which Plant, machinery and equipment: -€7,949
- Receivables within one year +€2,210
up €2,210 (+6.7%), from €32,990 to €35,200
of which Trade receivables: +€1,790
- Debts after one year -€7,130
down €7,130 (-11.0%), from €65,104 to €57,974
- Reserves -€2,962
down €2,962 (-8.7%), from €34,134 to €31,172
- Trade debts +€1,977
up €1,977 (+156.1%), from €1,266 to €3,244
- Gross operating margin -€4,768
down €4,768 (-27.7%), from €17,213 to €12,445
- Other operating charges -€2,056
down €2,056 (-96.9%), from €2,122 to €66
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 | €144,662 | €136,960 | -€7,702 | -5.3% |
| Fixed assets | 21/28 | €111,092 | €100,223 | -€10,870 | -9.8% |
| Tangible fixed assets | 22/27 | €108,398 | €96,544 | -€11,854 | -10.9% |
| Land and buildings | 22 | €39,839 | €35,934 | -€3,905 | -9.8% |
| Plant, machinery and equipment | 23 | €68,558 | €60,610 | -€7,949 | -11.6% |
| Financial fixed assets | 28 | €2,695 | €3,679 | +€984 | +36.5% |
| Current assets | 29/58 | €33,570 | €36,737 | +€3,168 | +9.4% |
| Amounts receivable within one year | 40/41 | €32,990 | €35,200 | +€2,210 | +6.7% |
| Trade receivables | 40 | €32,990 | €34,780 | +€1,790 | +5.4% |
| Other amounts receivable | 41 | - | €420 | +€420 | |
| Cash at bank and in hand | 54/58 | €580 | €1,538 | +€958 | +165.2% |
| Total equity and liabilities | 10/49 | €144,662 | €136,960 | -€7,702 | -5.3% |
| Equity | 10/15 | €64,967 | €62,158 | -€2,808 | -4.3% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €34,134 | €31,172 | -€2,962 | -8.7% |
| Distributable reserves | 133 | €34,134 | €31,172 | -€2,962 | -8.7% |
| Profit (loss) carried forward | 14 | -€154 | - | +€154 | |
| Amounts payable | 17/49 | €79,696 | €74,802 | -€4,894 | -6.1% |
| Amounts payable after more than one year | 17 | €65,104 | €57,974 | -€7,130 | -11.0% |
| Financial debts | 170/4 | €65,104 | €57,974 | -€7,130 | -11.0% |
| Amounts payable within one year | 42/48 | €14,592 | €16,828 | +€2,236 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €6,814 | €7,130 | +€315 | +4.6% |
| Trade debts | 44 | €1,266 | €3,244 | +€1,977 | +156.1% |
| Suppliers | 440/4 | €1,266 | €3,244 | +€1,977 | +156.1% |
| Taxes, remuneration and social security | 45 | €1,024 | - | -€1,024 | |
| Taxes | 450/3 | €1,024 | - | -€1,024 | |
| Other amounts payable | 47/48 | €5,488 | €6,454 | +€967 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,854 | €11,854 | = | 0.0% |
| Other operating charges | 640/8 | €2,122 | €66 | -€2,056 | -96.9% |
| Gross operating margin | 9900 | €17,213 | €12,445 | -€4,768 | -27.7% |
| Operating profit (loss) | 9901 | €3,238 | €526 | -€2,712 | -83.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,391 | €3,334 | -€57 | -1.7% |
| Recurring financial charges | 65 | €3,391 | €3,334 | -€57 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€154 | -€2,808 | -€2,655 | -1729.2% |
| Profit (loss) for the period | 9904 | -€154 | -€2,808 | -€2,655 | -1729.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€154 | -€2,808 | -€2,655 | -1729.2% |
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 4 October 2026 via checked.be.