RoWe Projects: what changed
Two financial 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.
RoWe Projects
Largest movements
- Cash +€24,358
up €24,358 (+507%), from €4,800 to €29,158
mainly Receivables within one year (+€16,609) and Trade debts (+€8,939)
- Receivables within one year -€16,609
down €16,609 (-29.5%), from €56,350 to €39,741
of which Trade receivables: -€9,038
- Tangible fixed assets +€5,761
up €5,761 (+109%), from €5,275 to €11,036
of which Furniture and vehicles: +€6,476
- Stocks and contracts +€3,864
up €3,864 (+125%), from €3,086 to €6,950
- Trade debts +€8,939
up €8,939 (+153%), from €5,840 to €14,778
- Tax, wage and social debts +€5,587
up €5,587 (+38.2%), from €14,640 to €20,227
- Reserves +€1,700
up €1,700 (+3.7%), from €45,363 to €47,063
- Gross operating margin -€59,300
down €59,300 (-90.0%), from €65,890 to €6,590
- Taxes -€10,466
down €10,466 (-81.3%), from €12,876 to €2,410
- Other operating charges -€4,738
down €4,738 (-78.8%), from €6,011 to €1,273
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.
Derived cash bridge
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 | €70,491 | €87,300 | +€16,809 | +23.8% |
| Fixed assets | 21/28 | €5,275 | €11,036 | +€5,761 | +109% |
| Tangible fixed assets | 22/27 | €5,275 | €11,036 | +€5,761 | +109% |
| Plant, machinery and equipment | 23 | €1,464 | €1,053 | -€411 | -28.1% |
| Furniture and vehicles | 24 | €2,899 | €9,375 | +€6,476 | +223% |
| Other tangible fixed assets | 26 | €912 | €608 | -€304 | -33.3% |
| Current assets | 29/58 | €65,216 | €76,264 | +€11,048 | +16.9% |
| Stocks and contracts in progress | 3 | €3,086 | €6,950 | +€3,864 | +125% |
| Stocks | 30/36 | €3,086 | €6,950 | +€3,864 | +125% |
| Amounts receivable within one year | 40/41 | €56,350 | €39,741 | -€16,609 | -29.5% |
| Trade receivables | 40 | €11,858 | €2,819 | -€9,038 | -76.2% |
| Other amounts receivable | 41 | €44,492 | €36,922 | -€7,570 | -17.0% |
| Cash at bank and in hand | 54/58 | €4,800 | €29,158 | +€24,358 | +507% |
| Deferred charges and accrued income | 490/1 | €979 | €415 | -€565 | -57.7% |
| Total equity and liabilities | 10/49 | €70,491 | €87,300 | +€16,809 | +23.8% |
| Equity | 10/15 | €49,363 | €51,109 | +€1,745 | +3.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €45,363 | €47,063 | +€1,700 | +3.7% |
| Distributable reserves | 133 | €45,363 | €47,063 | +€1,700 | +3.7% |
| Profit (loss) carried forward | 14 | €0 | €45 | +€45 | |
| Amounts payable | 17/49 | €21,128 | €36,191 | +€15,064 | +71.3% |
| Amounts payable within one year | 42/48 | €21,128 | €36,191 | +€15,064 | +71.3% |
| Trade debts | 44 | €5,840 | €14,778 | +€8,939 | +153% |
| Suppliers | 440/4 | €5,840 | €14,778 | +€8,939 | +153% |
| Taxes, remuneration and social security | 45 | €14,640 | €20,227 | +€5,587 | +38.2% |
| Taxes | 450/3 | €14,640 | €20,227 | +€5,587 | +38.2% |
| Other amounts payable | 47/48 | €648 | €1,186 | +€538 | +83.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,365 | €2,441 | +€77 | +3.2% |
| Other operating charges | 640/8 | €6,011 | €1,273 | -€4,738 | -78.8% |
| Gross operating margin | 9900 | €65,890 | €6,590 | -€59,300 | -90.0% |
| Operating profit (loss) | 9901 | €57,514 | €2,876 | -€54,639 | -95.0% |
| Financial income | 75/76B | €2,334 | €1,783 | -€550 | -23.6% |
| Recurring financial income | 75 | €2,334 | €243 | -€2,090 | -89.6% |
| Non-recurring financial income | 76B | - | €1,540 | +€1,540 | |
| Financial charges | 65/66B | €683 | €504 | -€179 | -26.2% |
| Recurring financial charges | 65 | €683 | €504 | -€179 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €59,165 | €4,155 | -€55,009 | -93.0% |
| Income taxes | 67/77 | €12,876 | €2,410 | -€10,466 | -81.3% |
| Profit (loss) for the period | 9904 | €46,289 | €1,745 | -€44,543 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,289 | €1,745 | -€44,543 | -96.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.