CHRISTOPHE ROBERT: 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.
CHRISTOPHE ROBERT
Largest movements
- Receivables within one year -€18,773
down €18,773 (-27.7%), from €67,815 to €49,042
of which Other amounts receivable: -€13,716
- Stocks and contracts -€15,868
down €15,868 (-62.9%), from €25,237 to €9,369
- Tangible fixed assets -€7,472
down €7,472 (-12.0%), from €62,364 to €54,892
of which Leasing and similar rights: -€4,650
- Deferred charges and accrued income +€4,466
new in 2025: €4,466
- Profit (loss) carried forward -€27,715
down €27,715 (-49.6%), from €55,881 to €28,166
- Trade debts -€5,970
down €5,970 (-20.1%), from €29,670 to €23,701
- Debts after one year -€5,181
down €5,181 (-16.0%), from €32,373 to €27,192
- Tax, wage and social debts -€3,355
down €3,355 (-28.2%), from €11,884 to €8,529
of which Taxes: -€4,195
- Short-term financial debts +€3,333
up €3,333 (+823.8%), from €405 to €3,737
- Gross operating margin -€36,183
down €36,183 (-96.6%), from €37,473 to €1,291
- Taxes -€6,345
down €6,345 (-90.4%), from €7,017 to €672
- Staff costs +€6,270
new in 2025: €6,270
- Depreciation +€4,328
up €4,328 (+29.7%), from €14,567 to €18,895
- Other operating charges -€2,091
down €2,091 (-51.7%), from €4,045 to €1,954
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,016 | €118,369 | -€37,647 | -24.1% |
| Fixed assets | 21/28 | €62,964 | €55,492 | -€7,472 | -11.9% |
| Tangible fixed assets | 22/27 | €62,364 | €54,892 | -€7,472 | -12.0% |
| Plant, machinery and equipment | 23 | €5,198 | €3,870 | -€1,328 | -25.6% |
| Furniture and vehicles | 24 | €3,933 | €2,439 | -€1,494 | -38.0% |
| Leasing and similar rights | 25 | €53,233 | €48,583 | -€4,650 | -8.7% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €93,051 | €62,877 | -€30,174 | -32.4% |
| Stocks and contracts in progress | 3 | €25,237 | €9,369 | -€15,868 | -62.9% |
| Stocks | 30/36 | €25,237 | €9,369 | -€15,868 | -62.9% |
| Amounts receivable within one year | 40/41 | €67,815 | €49,042 | -€18,773 | -27.7% |
| Trade receivables | 40 | €31,860 | €26,803 | -€5,057 | -15.9% |
| Other amounts receivable | 41 | €35,955 | €22,239 | -€13,716 | -38.1% |
| Deferred charges and accrued income | 490/1 | - | €4,466 | +€4,466 | |
| Total equity and liabilities | 10/49 | €156,016 | €118,369 | -€37,647 | -24.1% |
| Equity | 10/15 | €69,039 | €41,324 | -€27,715 | -40.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €12,158 | €12,158 | = | 0.0% |
| Distributable reserves | 133 | €12,158 | €12,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,881 | €28,166 | -€27,715 | -49.6% |
| Amounts payable | 17/49 | €86,977 | €77,045 | -€9,932 | -11.4% |
| Amounts payable after more than one year | 17 | €32,373 | €27,192 | -€5,181 | -16.0% |
| Financial debts | 170/4 | €32,373 | €27,192 | -€5,181 | -16.0% |
| Amounts payable within one year | 42/48 | €54,604 | €49,854 | -€4,751 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €12,646 | €13,887 | +€1,241 | +9.8% |
| Financial debts | 43 | €405 | €3,737 | +€3,333 | +823.8% |
| Credit institutions | 430/8 | €405 | €3,737 | +€3,333 | +823.8% |
| Trade debts | 44 | €29,670 | €23,701 | -€5,970 | -20.1% |
| Suppliers | 440/4 | €29,670 | €23,701 | -€5,970 | -20.1% |
| Taxes, remuneration and social security | 45 | €11,884 | €8,529 | -€3,355 | -28.2% |
| Taxes | 450/3 | €11,884 | €7,688 | -€4,195 | -35.3% |
| Remuneration and social security | 454/9 | - | €840 | +€840 | |
| Remuneration, social security and pensions | 62 | - | €6,270 | +€6,270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,567 | €18,895 | +€4,328 | +29.7% |
| Other operating charges | 640/8 | €4,045 | €1,954 | -€2,091 | -51.7% |
| Gross operating margin | 9900 | €37,473 | €1,291 | -€36,183 | -96.6% |
| Operating profit (loss) | 9901 | €18,862 | -€25,828 | -€44,689 | |
| Financial income | 75/76B | €1,970 | €1,289 | -€681 | -34.6% |
| Recurring financial income | 75 | €1,970 | €1,289 | -€681 | -34.6% |
| Financial charges | 65/66B | €1,656 | €2,505 | +€848 | +51.2% |
| Recurring financial charges | 65 | €1,656 | €2,505 | +€848 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €19,175 | -€27,044 | -€46,218 | |
| Income taxes | 67/77 | €7,017 | €672 | -€6,345 | -90.4% |
| Profit (loss) for the period | 9904 | €12,158 | -€27,715 | -€39,873 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,158 | -€27,715 | -€39,873 |
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 8 October 2026 via checked.be.