Celine Robijn: 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.
Celine Robijn
Largest movements
- Cash +€18,279
up €18,279 (+49.8%), from €36,724 to €55,004
mainly Net result for the year (+€18,109) and Trade debts (+€9,235)
- Tangible fixed assets +€3,910
up €3,910 (+15.8%), from €24,763 to €28,673
of which Land and buildings: +€6,285
- Receivables within one year +€3,352
up €3,352 (+31.4%), from €10,690 to €14,042
of which Trade receivables: +€2,833
- Reserves +€18,109
up €18,109 (+39.1%), from €46,352 to €64,461
- Trade debts +€9,235
up €9,235 (+19,772%), from €47 to €9,282
- Debts after one year -€4,189
down €4,189 (-26.0%), from €16,089 to €11,900
- Current portion of long-term debt +€2,008
up €2,008 (+32.1%), from €6,259 to €8,267
- Gross operating margin -€3,374
down €3,374 (-8.8%), from €38,175 to €34,800
- Depreciation +€942
up €942 (+12.8%), from €7,361 to €8,303
- Taxes -€616
down €616 (-9.3%), from €6,597 to €5,981
- Other operating charges +€412
up €412 (+86.5%), from €476 to €888
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 | €72,848 | €97,915 | +€25,067 | +34.4% |
| Fixed assets | 21/28 | €24,763 | €28,673 | +€3,910 | +15.8% |
| Tangible fixed assets | 22/27 | €24,763 | €28,673 | +€3,910 | +15.8% |
| Land and buildings | 22 | - | €6,285 | +€6,285 | |
| Plant, machinery and equipment | 23 | €748 | €332 | -€416 | -55.6% |
| Furniture and vehicles | 24 | €24,015 | €22,056 | -€1,959 | -8.2% |
| Current assets | 29/58 | €48,084 | €69,242 | +€21,157 | +44.0% |
| Amounts receivable within one year | 40/41 | €10,690 | €14,042 | +€3,352 | +31.4% |
| Trade receivables | 40 | €10,690 | €13,523 | +€2,833 | +26.5% |
| Other amounts receivable | 41 | - | €519 | +€519 | |
| Cash at bank and in hand | 54/58 | €36,724 | €55,004 | +€18,279 | +49.8% |
| Deferred charges and accrued income | 490/1 | €670 | €196 | -€474 | -70.7% |
| Total equity and liabilities | 10/49 | €72,848 | €97,915 | +€25,067 | +34.4% |
| Equity | 10/15 | €48,352 | €66,461 | +€18,109 | +37.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,352 | €64,461 | +€18,109 | +39.1% |
| Distributable reserves | 133 | €46,352 | €64,461 | +€18,109 | +39.1% |
| Amounts payable | 17/49 | €24,496 | €31,454 | +€6,958 | +28.4% |
| Amounts payable after more than one year | 17 | €16,089 | €11,900 | -€4,189 | -26.0% |
| Financial debts | 170/4 | €16,089 | €11,900 | -€4,189 | -26.0% |
| Amounts payable within one year | 42/48 | €8,407 | €19,554 | +€11,147 | +133% |
| Current portion of amounts payable after more than one year | 42 | €6,259 | €8,267 | +€2,008 | +32.1% |
| Trade debts | 44 | €47 | €9,282 | +€9,235 | +19,772% |
| Suppliers | 440/4 | €47 | €9,282 | +€9,235 | +19,772% |
| Taxes, remuneration and social security | 45 | €2,102 | €2,005 | -€97 | -4.6% |
| Taxes | 450/3 | €97 | €0 | -€97 | -100% |
| Remuneration and social security | 454/9 | €2,005 | €2,005 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,361 | €8,303 | +€942 | +12.8% |
| Other operating charges | 640/8 | €476 | €888 | +€412 | +86.5% |
| Gross operating margin | 9900 | €38,175 | €34,800 | -€3,374 | -8.8% |
| Operating profit (loss) | 9901 | €30,337 | €25,609 | -€4,728 | -15.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €1,621 | €1,519 | -€102 | -6.3% |
| Recurring financial charges | 65 | €1,621 | €1,519 | -€102 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €28,717 | €24,090 | -€4,626 | -16.1% |
| Income taxes | 67/77 | €6,597 | €5,981 | -€616 | -9.3% |
| Profit (loss) for the period | 9904 | €22,120 | €18,109 | -€4,011 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,120 | €18,109 | -€4,011 | -18.1% |
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 14 October 2026 via checked.be.