Dirk Robeyn Management: 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.
Dirk Robeyn Management
Largest movements
- Receivables after one year -€242,198
no longer reported in 2025 (was €242,198)
- Receivables within one year +€172,063
up €172,063 (+302%), from €57,058 to €229,120
of which Other amounts receivable: +€171,313
- Current investments +€111,915
up €111,915 (+26.0%), from €431,216 to €543,131
- Tangible fixed assets +€82,530
up €82,530 (+11.2%), from €737,909 to €820,439
of which Assets under construction and advance payments: +€135,518
- Cash +€35,579
up €35,579 (+78.2%), from €45,475 to €81,054
mainly Net result for the year (+€332,767) and Receivables after one year (+€242,198)
- Other debts +€232,241
up €232,241 (+219%), from €105,878 to €338,119
- Tax, wage and social debts -€45,413
down €45,413 (-51.5%), from €88,193 to €42,780
- Debts after one year -€17,318
no longer reported in 2025 (was €17,318)
- Gross operating margin -€16,754
down €16,754 (-3.1%), from €542,142 to €525,388
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 | €1,534,605 | €1,689,505 | +€154,900 | +10.1% |
| Fixed assets | 21/28 | €737,909 | €820,439 | +€82,530 | +11.2% |
| Tangible fixed assets | 22/27 | €737,909 | €820,439 | +€82,530 | +11.2% |
| Land and buildings | 22 | €347,844 | €328,857 | -€18,986 | -5.5% |
| Plant, machinery and equipment | 23 | €9,531 | €5,852 | -€3,678 | -38.6% |
| Furniture and vehicles | 24 | €121,422 | €91,098 | -€30,324 | -25.0% |
| Other tangible fixed assets | 26 | €1,500 | €1,500 | = | 0.0% |
| Assets under construction and advance payments | 27 | €257,613 | €393,131 | +€135,518 | +52.6% |
| Current assets | 29/58 | €796,697 | €869,066 | +€72,370 | +9.1% |
| Amounts receivable after more than one year | 29 | €242,198 | - | -€242,198 | |
| Other amounts receivable | 291 | €242,198 | - | -€242,198 | |
| Amounts receivable within one year | 40/41 | €57,058 | €229,120 | +€172,063 | +302% |
| Trade receivables | 40 | €57,058 | €57,807 | +€749 | +1.3% |
| Other amounts receivable | 41 | - | €171,313 | +€171,313 | |
| Current investments | 50/53 | €431,216 | €543,131 | +€111,915 | +26.0% |
| Cash at bank and in hand | 54/58 | €45,475 | €81,054 | +€35,579 | +78.2% |
| Deferred charges and accrued income | 490/1 | €20,750 | €15,760 | -€4,990 | -24.0% |
| Total equity and liabilities | 10/49 | €1,534,605 | €1,689,505 | +€154,900 | +10.1% |
| Equity | 10/15 | €1,290,757 | €1,285,406 | -€5,352 | -0.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €1,290,657 | €1,285,306 | -€5,352 | -0.4% |
| Distributable reserves | 133 | €1,290,657 | €1,285,306 | -€5,352 | -0.4% |
| Amounts payable | 17/49 | €243,848 | €404,099 | +€160,251 | +65.7% |
| Amounts payable after more than one year | 17 | €17,318 | - | -€17,318 | |
| Financial debts | 170/4 | €17,318 | - | -€17,318 | |
| Amounts payable within one year | 42/48 | €225,448 | €403,547 | +€178,099 | +79.0% |
| Current portion of amounts payable after more than one year | 42 | €29,407 | €17,318 | -€12,089 | -41.1% |
| Trade debts | 44 | €1,970 | €5,330 | +€3,360 | +171% |
| Suppliers | 440/4 | €1,970 | €5,330 | +€3,360 | +171% |
| Taxes, remuneration and social security | 45 | €88,193 | €42,780 | -€45,413 | -51.5% |
| Taxes | 450/3 | €88,193 | €42,780 | -€45,413 | -51.5% |
| Other amounts payable | 47/48 | €105,878 | €338,119 | +€232,241 | +219% |
| Accrued charges and deferred income | 492/3 | €1,082 | €553 | -€529 | -48.9% |
| Non-recurring operating income | 76A | €29,751 | - | -€29,751 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,958 | €54,734 | -€4,223 | -7.2% |
| Other operating charges | 640/8 | €2,980 | €2,363 | -€617 | -20.7% |
| Gross operating margin | 9900 | €542,142 | €525,388 | -€16,754 | -3.1% |
| Operating profit (loss) | 9901 | €480,204 | €468,290 | -€11,914 | -2.5% |
| Financial income | 75/76B | €13,808 | €15,897 | +€2,090 | +15.1% |
| Recurring financial income | 75 | €13,808 | €15,897 | +€2,090 | +15.1% |
| Financial charges | 65/66B | €2,203 | €787 | -€1,416 | -64.3% |
| Recurring financial charges | 65 | €2,203 | €787 | -€1,416 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | €491,809 | €483,400 | -€8,409 | -1.7% |
| Income taxes | 67/77 | €153,134 | €150,633 | -€2,501 | -1.6% |
| Profit (loss) for the period | 9904 | €338,675 | €332,767 | -€5,908 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €338,675 | €332,767 | -€5,908 | -1.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.