RoWa Invest: what changed
What changed
RoWa Invest
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€200,034
2024 · €133+€199,901
Equity
€220,167
2024 · €20,133+€200,034
Cash
€21,817
2024 · €41,640-€19,823
Balance sheet total
€1.0m
2024 · €978,544+€52,009
Largest movements
Assets
- Receivables within one year +€74,981
up €74,981 (+310%), from €24,224 to €99,205
of which Other amounts receivable: +€64,205
- Cash -€19,823
down €19,823 (-47.6%), from €41,640 to €21,817
mainly Debts after one year (-€150,739) and Receivables within one year (-€74,981)
Equity and liabilities
- Reserves +€200,000
new in 2025: €200,000
- Debts after one year -€150,739
down €150,739 (-17.0%), from €887,369 to €736,629
Income statement
- Financial income +€200,000
new in 2025: €200,000
- Financial charges -€7,542
down €7,542 (-30.3%), from €24,901 to €17,359
- Gross operating margin -€7,532
down €7,532 (-26.8%), from €28,100 to €20,568
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€133
Gross operating margin
-€7,532
Depreciation
-€83
Financial income
+€200,000
Financial charges
+€7,542
Taxes
-€27
Result 2025
€200,034
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€128,127
Investment
€0
Financing
-€147,951
Cash 2024
€41,640
From operations (derived)
+€128,127
Net result for the year
+€200,034
Depreciation
+€3,149
Receivables within one year
-€74,981
Trade debts
-€2,139
Tax, wage and social debts
-€1,369
Accrued charges and deferred income
+€3,434
Financing
-€147,951
Debts after one year
-€150,739
Current portion of long-term debt
+€2,789
Cash 2025
€21,817
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €978,544 | €1,030,553 | +€52,009 | +5.3% |
| Formation expenses | 20 | €8,727 | €6,378 | -€2,349 | -26.9% |
| Fixed assets | 21/28 | €903,953 | €903,153 | -€800 | -0.1% |
| Tangible fixed assets | 22/27 | €3,953 | €3,153 | -€800 | -20.2% |
| Other tangible fixed assets | 26 | €3,953 | €3,153 | -€800 | -20.2% |
| Financial fixed assets | 28 | €900,000 | €900,000 | = | 0.0% |
| Current assets | 29/58 | €65,864 | €121,022 | +€55,158 | +83.7% |
| Amounts receivable within one year | 40/41 | €24,224 | €99,205 | +€74,981 | +310% |
| Trade receivables | 40 | €24,224 | €35,000 | +€10,776 | +44.5% |
| Other amounts receivable | 41 | - | €64,205 | +€64,205 | |
| Cash at bank and in hand | 54/58 | €41,640 | €21,817 | -€19,823 | -47.6% |
| Total equity and liabilities | 10/49 | €978,544 | €1,030,553 | +€52,009 | +5.3% |
| Equity | 10/15 | €20,133 | €220,167 | +€200,034 | +994% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €200,000 | +€200,000 | |
| Distributable reserves | 133 | - | €200,000 | +€200,000 | |
| Profit (loss) carried forward | 14 | €133 | €167 | +€34 | +25.2% |
| Amounts payable | 17/49 | €958,411 | €810,386 | -€148,025 | -15.4% |
| Amounts payable after more than one year | 17 | €887,369 | €736,629 | -€150,739 | -17.0% |
| Financial debts | 170/4 | €887,369 | €736,629 | -€150,739 | -17.0% |
| Amounts payable within one year | 42/48 | €71,042 | €70,323 | -€720 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €63,462 | €66,251 | +€2,789 | +4.4% |
| Trade debts | 44 | €2,374 | €235 | -€2,139 | -90.1% |
| Suppliers | 440/4 | €2,374 | €235 | -€2,139 | -90.1% |
| Taxes, remuneration and social security | 45 | €5,206 | €3,837 | -€1,369 | -26.3% |
| Taxes | 450/3 | €5,206 | €3,837 | -€1,369 | -26.3% |
| Accrued charges and deferred income | 492/3 | - | €3,434 | +€3,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,066 | €3,149 | +€83 | +2.7% |
| Gross operating margin | 9900 | €28,100 | €20,568 | -€7,532 | -26.8% |
| Operating profit (loss) | 9901 | €25,034 | €17,419 | -€7,615 | -30.4% |
| Financial income | 75/76B | - | €200,000 | +€200,000 | |
| Recurring financial income | 75 | - | €200,000 | +€200,000 | |
| Financial charges | 65/66B | €24,901 | €17,359 | -€7,542 | -30.3% |
| Recurring financial charges | 65 | €24,901 | €17,359 | -€7,542 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €133 | €200,060 | +€199,927 | +150,332% |
| Income taxes | 67/77 | - | €27 | +€27 | |
| Profit (loss) for the period | 9904 | €133 | €200,034 | +€199,901 | +150,312% |
| Profit (loss) for the period to be appropriated | 9905 | €133 | €200,034 | +€199,901 | +150,312% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.