ROWBYROW: 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.
ROWBYROW
Largest movements
- Cash -€76,103
down €76,103 (-95.5%), from €79,717 to €3,614
mainly Contributions, distributions and other (-€215,885) and Other debts (-€1,819)
- Receivables after one year -€71,500
no longer reported in 2025 (was €71,500)
- Tangible fixed assets -€3,288
down €3,288 (-46.5%), from €7,077 to €3,789
- Profit (loss) carried forward -€149,836
down €149,836 (-90.1%), from €166,215 to €16,379
- Other debts -€1,819
down €1,819 (-59.9%), from €3,038 to €1,219
- Gross operating margin +€16,032
up €16,032 (+22.6%), from €70,891 to €86,923
- Financial income -€3,447
down €3,447 (-91.2%), from €3,779 to €332
- Taxes +€2,505
up €2,505 (+17.1%), from €14,628 to €17,133
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 | €173,983 | €23,622 | -€150,361 | -86.4% |
| Fixed assets | 21/28 | €7,077 | €3,789 | -€3,288 | -46.5% |
| Tangible fixed assets | 22/27 | €7,077 | €3,789 | -€3,288 | -46.5% |
| Furniture and vehicles | 24 | €7,077 | €3,789 | -€3,288 | -46.5% |
| Current assets | 29/58 | €166,906 | €19,833 | -€147,073 | -88.1% |
| Amounts receivable after more than one year | 29 | €71,500 | - | -€71,500 | |
| Other amounts receivable | 291 | €71,500 | - | -€71,500 | |
| Amounts receivable within one year | 40/41 | €14,885 | €15,101 | +€216 | +1.5% |
| Trade receivables | 40 | €12,037 | €14,520 | +€2,483 | +20.6% |
| Other amounts receivable | 41 | €2,848 | €581 | -€2,267 | -79.6% |
| Cash at bank and in hand | 54/58 | €79,717 | €3,614 | -€76,103 | -95.5% |
| Deferred charges and accrued income | 490/1 | €803 | €1,117 | +€314 | +39.1% |
| Total equity and liabilities | 10/49 | €173,983 | €23,622 | -€150,361 | -86.4% |
| Equity | 10/15 | €168,215 | €18,379 | -€149,836 | -89.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,215 | €16,379 | -€149,836 | -90.1% |
| Amounts payable | 17/49 | €5,768 | €5,243 | -€525 | -9.1% |
| Amounts payable within one year | 42/48 | €5,670 | €3,997 | -€1,673 | -29.5% |
| Trade debts | 44 | - | €143 | +€143 | |
| Suppliers | 440/4 | - | €143 | +€143 | |
| Taxes, remuneration and social security | 45 | €2,632 | €2,635 | +€4 | +0.1% |
| Taxes | 450/3 | €2,632 | €2,635 | +€4 | +0.1% |
| Other amounts payable | 47/48 | €3,038 | €1,219 | -€1,819 | -59.9% |
| Accrued charges and deferred income | 492/3 | €98 | €1,246 | +€1,148 | +1168.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,210 | €3,288 | +€79 | +2.4% |
| Other operating charges | 640/8 | €650 | €669 | +€19 | +2.9% |
| Gross operating margin | 9900 | €70,891 | €86,923 | +€16,032 | +22.6% |
| Operating profit (loss) | 9901 | €67,032 | €82,966 | +€15,934 | +23.8% |
| Financial income | 75/76B | €3,779 | €332 | -€3,447 | -91.2% |
| Recurring financial income | 75 | €3,779 | €332 | -€3,447 | -91.2% |
| Financial charges | 65/66B | €125 | €117 | -€8 | -6.3% |
| Recurring financial charges | 65 | €125 | €117 | -€8 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €70,686 | €83,182 | +€12,495 | +17.7% |
| Income taxes | 67/77 | €14,628 | €17,133 | +€2,505 | +17.1% |
| Profit (loss) for the period | 9904 | €56,058 | €66,048 | +€9,990 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,058 | €66,048 | +€9,990 | +17.8% |
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 3 October 2026 via checked.be.