ROWO: 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.
ROWO
Largest movements
- Cash +€35,109
up €35,109 (+112%), from €31,418 to €66,527
mainly Net result for the year (+€134,884) and Other debts (+€44,898)
- Tangible fixed assets -€26,277
down €26,277 (-29.2%), from €90,048 to €63,770
of which Furniture and vehicles: -€24,430
- Reserves +€103,384
up €103,384 (+5.8%), from €1.8m to €1.9m
- Contributions -€87,000
down €87,000 (-82.1%), from €106,000 to €19,000
- Other debts +€44,898
up €44,898 (+445%), from €10,094 to €54,992
- Tax, wage and social debts -€27,674
down €27,674 (-64.4%), from €42,952 to €15,278
- Debts after one year -€20,366
down €20,366 (-38.8%), from €52,459 to €32,093
- Financial income +€49,618
up €49,618 (+62.5%), from €79,360 to €128,978
- Gross operating margin -€24,961
down €24,961 (-30.9%), from €80,910 to €55,949
- Taxes -€2,365
down €2,365 (-11.1%), from €21,335 to €18,970
- Depreciation +€1,206
up €1,206 (+4.8%), from €25,071 to €26,277
- Financial charges -€860
down €860 (-19.7%), from €4,357 to €3,497
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 | €2,002,319 | €2,025,834 | +€23,515 | +1.2% |
| Fixed assets | 21/28 | €1,944,527 | €1,918,250 | -€26,277 | -1.4% |
| Tangible fixed assets | 22/27 | €90,048 | €63,770 | -€26,277 | -29.2% |
| Plant, machinery and equipment | 23 | €5,138 | €3,290 | -€1,848 | -36.0% |
| Furniture and vehicles | 24 | €84,910 | €60,480 | -€24,430 | -28.8% |
| Financial fixed assets | 28 | €1,854,479 | €1,854,479 | = | 0.0% |
| Current assets | 29/58 | €57,792 | €107,584 | +€49,792 | +86.2% |
| Amounts receivable within one year | 40/41 | €24,904 | €39,507 | +€14,603 | +58.6% |
| Other amounts receivable | 41 | €24,904 | €39,507 | +€14,603 | +58.6% |
| Cash at bank and in hand | 54/58 | €31,418 | €66,527 | +€35,109 | +112% |
| Deferred charges and accrued income | 490/1 | €1,470 | €1,550 | +€80 | +5.4% |
| Total equity and liabilities | 10/49 | €2,002,319 | €2,025,834 | +€23,515 | +1.2% |
| Equity | 10/15 | €1,875,538 | €1,891,921 | +€16,384 | +0.9% |
| Contributions | 10/11 | €106,000 | €19,000 | -€87,000 | -82.1% |
| Reserves | 13 | €1,769,538 | €1,872,921 | +€103,384 | +5.8% |
| Distributable reserves | 133 | €1,769,538 | €1,872,921 | +€103,384 | +5.8% |
| Amounts payable | 17/49 | €126,781 | €133,912 | +€7,131 | +5.6% |
| Amounts payable after more than one year | 17 | €52,459 | €32,093 | -€20,366 | -38.8% |
| Financial debts | 170/4 | €52,459 | €32,093 | -€20,366 | -38.8% |
| Amounts payable within one year | 42/48 | €72,748 | €100,901 | +€28,154 | +38.7% |
| Current portion of amounts payable after more than one year | 42 | €19,580 | €20,366 | +€786 | +4.0% |
| Trade debts | 44 | €122 | €10,266 | +€10,144 | +8,330% |
| Suppliers | 440/4 | €122 | €10,266 | +€10,144 | +8,330% |
| Taxes, remuneration and social security | 45 | €42,952 | €15,278 | -€27,674 | -64.4% |
| Taxes | 450/3 | €42,952 | €15,278 | -€27,674 | -64.4% |
| Other amounts payable | 47/48 | €10,094 | €54,992 | +€44,898 | +445% |
| Accrued charges and deferred income | 492/3 | €1,575 | €918 | -€657 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,071 | €26,277 | +€1,206 | +4.8% |
| Other operating charges | 640/8 | €1,356 | €1,298 | -€57 | -4.2% |
| Gross operating margin | 9900 | €80,910 | €55,949 | -€24,961 | -30.9% |
| Operating profit (loss) | 9901 | €54,483 | €28,373 | -€26,110 | -47.9% |
| Financial income | 75/76B | €79,360 | €128,978 | +€49,618 | +62.5% |
| Recurring financial income | 75 | €79,360 | €128,978 | +€49,618 | +62.5% |
| Financial charges | 65/66B | €4,357 | €3,497 | -€860 | -19.7% |
| Recurring financial charges | 65 | €4,357 | €3,497 | -€860 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €129,485 | €153,854 | +€24,368 | +18.8% |
| Income taxes | 67/77 | €21,335 | €18,970 | -€2,365 | -11.1% |
| Profit (loss) for the period | 9904 | €108,151 | €134,884 | +€26,733 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €108,151 | €134,884 | +€26,733 | +24.7% |
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 18 October 2026 via checked.be.