ROWI: 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.
ROWI
Largest movements
- Stocks and contracts -€101,307
no longer reported in 2025 (was €101,307)
- Receivables within one year +€70,350
up €70,350 (+74.8%), from €94,050 to €164,400
- Financial fixed assets -€51,810
down €51,810 (-70.0%), from €74,000 to €22,190
- Cash +€8,430
up €8,430 (+10055.3%), from €84 to €8,514
mainly Stocks and contracts (+€101,307) and Investment in fixed assets (net) (+€51,810)
- Other debts -€67,489
down €67,489 (-54.1%), from €124,687 to €57,198
- Trade debts -€18,152
down €18,152 (-99.8%), from €18,186 to €33
- Profit (loss) carried forward +€8,304
up €8,304 (+7.9%), from €104,568 to €112,872
- Tax, wage and social debts +€3,000
new in 2025: €3,000
- Gross operating margin -€15,281
down €15,281 (-53.0%), from €28,823 to €13,542
- Financial charges -€6,468
down €6,468 (-71.6%), from €9,036 to €2,568
- Taxes -€1,775
down €1,775 (-34.5%), from €5,152 to €3,377
- Financial income -€1,268
down €1,268 (-50.2%), from €2,524 to €1,256
- Other operating charges -€565
down €565 (-50.7%), from €1,115 to €549
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 | €269,440 | €195,104 | -€74,337 | -27.6% |
| Fixed assets | 21/28 | €74,000 | €22,190 | -€51,810 | -70.0% |
| Financial fixed assets | 28 | €74,000 | €22,190 | -€51,810 | -70.0% |
| Current assets | 29/58 | €195,440 | €172,914 | -€22,526 | -11.5% |
| Stocks and contracts in progress | 3 | €101,307 | - | -€101,307 | |
| Stocks | 30/36 | €101,307 | - | -€101,307 | |
| Amounts receivable within one year | 40/41 | €94,050 | €164,400 | +€70,350 | +74.8% |
| Other amounts receivable | 41 | €94,050 | €164,400 | +€70,350 | +74.8% |
| Cash at bank and in hand | 54/58 | €84 | €8,514 | +€8,430 | +10055.3% |
| Total equity and liabilities | 10/49 | €269,440 | €195,104 | -€74,337 | -27.6% |
| Equity | 10/15 | €126,568 | €134,872 | +€8,304 | +6.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,568 | €112,872 | +€8,304 | +7.9% |
| Amounts payable | 17/49 | €142,873 | €60,232 | -€82,641 | -57.8% |
| Amounts payable within one year | 42/48 | €142,873 | €60,232 | -€82,641 | -57.8% |
| Trade debts | 44 | €18,186 | €33 | -€18,152 | -99.8% |
| Suppliers | 440/4 | €18,186 | €33 | -€18,152 | -99.8% |
| Taxes, remuneration and social security | 45 | - | €3,000 | +€3,000 | |
| Taxes | 450/3 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €124,687 | €57,198 | -€67,489 | -54.1% |
| Other operating charges | 640/8 | €1,115 | €549 | -€565 | -50.7% |
| Gross operating margin | 9900 | €28,823 | €13,542 | -€15,281 | -53.0% |
| Operating profit (loss) | 9901 | €27,708 | €12,993 | -€14,716 | -53.1% |
| Financial income | 75/76B | €2,524 | €1,256 | -€1,268 | -50.2% |
| Recurring financial income | 75 | €2,524 | €1,256 | -€1,268 | -50.2% |
| Financial charges | 65/66B | €9,036 | €2,568 | -€6,468 | -71.6% |
| Recurring financial charges | 65 | €9,036 | €2,568 | -€6,468 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €21,196 | €11,681 | -€9,515 | -44.9% |
| Income taxes | 67/77 | €5,152 | €3,377 | -€1,775 | -34.5% |
| Profit (loss) for the period | 9904 | €16,044 | €8,304 | -€7,740 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,044 | €8,304 | -€7,740 | -48.2% |
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 1 October 2026 via checked.be.