ROWO: 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.
ROWO
Largest movements
- Tangible fixed assets -€5,456
down €5,456 (-2.6%), from €206,377 to €200,921
of which Plant, machinery and equipment: -€3,720
- Cash +€3,663
up €3,663 (+54.8%), from €6,685 to €10,348
mainly Depreciation (+€5,456) and Other debts (+€600)
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€9,654
down €9,654 (-99.4%), from €9,708 to €54
of which Non-recurring financial charges: -€9,654
- Other operating charges -€5,461
down €5,461 (-63.8%), from €8,561 to €3,100
- Gross operating margin +€1,467
up €1,467 (+27.6%), from €5,320 to €6,787
- Depreciation -€819
down €819 (-13.1%), from €6,275 to €5,456
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 | €215,299 | €214,137 | -€1,162 | -0.5% |
| Fixed assets | 21/28 | €206,727 | €201,271 | -€5,456 | -2.6% |
| Tangible fixed assets | 22/27 | €206,377 | €200,921 | -€5,456 | -2.6% |
| Land and buildings | 22 | €133,331 | €131,594 | -€1,736 | -1.3% |
| Plant, machinery and equipment | 23 | €70,056 | €66,336 | -€3,720 | -5.3% |
| Assets under construction and advance payments | 27 | €2,990 | €2,990 | = | 0.0% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €8,572 | €12,866 | +€4,294 | +50.1% |
| Amounts receivable within one year | 40/41 | €1,067 | €1,667 | +€600 | +56.2% |
| Trade receivables | 40 | €1,067 | €1,667 | +€600 | +56.2% |
| Cash at bank and in hand | 54/58 | €6,685 | €10,348 | +€3,663 | +54.8% |
| Deferred charges and accrued income | 490/1 | €820 | €852 | +€31 | +3.8% |
| Total equity and liabilities | 10/49 | €215,299 | €214,137 | -€1,162 | -0.5% |
| Equity | 10/15 | €159,347 | €157,524 | -€1,823 | -1.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €140,755 | €138,932 | -€1,823 | -1.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €138,896 | €137,073 | -€1,823 | -1.3% |
| Provisions and deferred taxes | 16 | €13,023 | €13,023 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €13,023 | €13,023 | = | 0.0% |
| Other liabilities and charges | 164/5 | €13,023 | €13,023 | = | 0.0% |
| Amounts payable | 17/49 | €42,929 | €43,590 | +€661 | +1.5% |
| Amounts payable within one year | 42/48 | €42,929 | €43,590 | +€661 | +1.5% |
| Trade debts | 44 | €91 | €152 | +€61 | +67.2% |
| Suppliers | 440/4 | €91 | €152 | +€61 | +67.2% |
| Other amounts payable | 47/48 | €42,838 | €43,438 | +€600 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,275 | €5,456 | -€819 | -13.1% |
| Other operating charges | 640/8 | €8,561 | €3,100 | -€5,461 | -63.8% |
| Gross operating margin | 9900 | €5,320 | €6,787 | +€1,467 | +27.6% |
| Operating profit (loss) | 9901 | -€9,516 | -€1,769 | +€7,747 | +81.4% |
| Financial charges | 65/66B | €9,708 | €54 | -€9,654 | -99.4% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Non-recurring financial charges | 66B | €9,654 | €0 | -€9,654 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,225 | -€1,823 | +€17,402 | +90.5% |
| Profit (loss) for the period | 9904 | -€19,225 | -€1,823 | +€17,402 | +90.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,225 | -€1,823 | +€17,402 | +90.5% |
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 7 October 2026 via checked.be.