Dr.Q.Robberechts: 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.
Dr.Q.Robberechts
Largest movements
- Receivables within one year +€48,222
up €48,222 (+30.8%), from €156,596 to €204,819
- Cash +€22,685
up €22,685 (+181%), from €12,544 to €35,229
mainly Net result for the year (+€132,731) and Depreciation (+€29,592)
- Tangible fixed assets -€15,807
down €15,807 (-23.5%), from €67,379 to €51,573
of which Furniture and vehicles: -€19,844
- Deferred charges and accrued income +€13,269
up €13,269 (+631%), from €2,104 to €15,373
- Reserves +€47,731
up €47,731 (+10.5%), from €455,140 to €502,871
- Other debts +€19,146
up €19,146 (+31.1%), from €61,604 to €80,750
- Tax, wage and social debts +€16,611
up €16,611 (+53.6%), from €31,000 to €47,611
- Short-term financial debts -€12,709
down €12,709 (-42.4%), from €29,981 to €17,272
- Gross operating margin +€29,154
up €29,154 (+17.0%), from €171,423 to €200,578
- Taxes +€13,073
up €13,073 (+29.0%), from €45,066 to €58,139
- Depreciation -€5,044
down €5,044 (-14.6%), from €34,636 to €29,592
- Financial income -€3,885
down €3,885 (-15.1%), from €25,673 to €21,788
- Financial charges -€3,026
down €3,026 (-75.8%), from €3,993 to €967
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 | €828,874 | €897,243 | +€68,369 | +8.2% |
| Fixed assets | 21/28 | €67,379 | €51,573 | -€15,807 | -23.5% |
| Tangible fixed assets | 22/27 | €67,379 | €51,573 | -€15,807 | -23.5% |
| Plant, machinery and equipment | 23 | €4,444 | €7,350 | +€2,906 | +65.4% |
| Furniture and vehicles | 24 | €24,955 | €5,111 | -€19,844 | -79.5% |
| Leasing and similar rights | 25 | €37,981 | €39,112 | +€1,131 | +3.0% |
| Current assets | 29/58 | €761,494 | €845,670 | +€84,176 | +11.1% |
| Amounts receivable after more than one year | 29 | €287,500 | €287,500 | = | 0.0% |
| Other amounts receivable | 291 | €287,500 | €287,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €156,596 | €204,819 | +€48,222 | +30.8% |
| Other amounts receivable | 41 | €156,596 | €204,819 | +€48,222 | +30.8% |
| Current investments | 50/53 | €302,750 | €302,750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,544 | €35,229 | +€22,685 | +181% |
| Deferred charges and accrued income | 490/1 | €2,104 | €15,373 | +€13,269 | +631% |
| Total equity and liabilities | 10/49 | €828,874 | €897,243 | +€68,369 | +8.2% |
| Equity | 10/15 | €703,879 | €751,609 | +€47,731 | +6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €455,140 | €502,871 | +€47,731 | +10.5% |
| Distributable reserves | 133 | €455,140 | €502,871 | +€47,731 | +10.5% |
| Profit (loss) carried forward | 14 | €236,339 | €236,339 | = | 0.0% |
| Amounts payable | 17/49 | €124,995 | €145,633 | +€20,638 | +16.5% |
| Amounts payable after more than one year | 17 | €2,410 | - | -€2,410 | |
| Financial debts | 170/4 | €2,410 | - | -€2,410 | |
| Amounts payable within one year | 42/48 | €122,585 | €145,633 | +€23,049 | +18.8% |
| Financial debts | 43 | €29,981 | €17,272 | -€12,709 | -42.4% |
| Credit institutions | 430/8 | €29,981 | €17,272 | -€12,709 | -42.4% |
| Taxes, remuneration and social security | 45 | €31,000 | €47,611 | +€16,611 | +53.6% |
| Taxes | 450/3 | €31,000 | €47,611 | +€16,611 | +53.6% |
| Other amounts payable | 47/48 | €61,604 | €80,750 | +€19,146 | +31.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,636 | €29,592 | -€5,044 | -14.6% |
| Other operating charges | 640/8 | €2,711 | €937 | -€1,774 | -65.4% |
| Gross operating margin | 9900 | €171,423 | €200,578 | +€29,154 | +17.0% |
| Operating profit (loss) | 9901 | €134,076 | €170,049 | +€35,972 | +26.8% |
| Financial income | 75/76B | €25,673 | €21,788 | -€3,885 | -15.1% |
| Recurring financial income | 75 | €25,673 | €21,788 | -€3,885 | -15.1% |
| Financial charges | 65/66B | €3,993 | €967 | -€3,026 | -75.8% |
| Recurring financial charges | 65 | €3,993 | €967 | -€3,026 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €155,756 | €190,869 | +€35,113 | +22.5% |
| Income taxes | 67/77 | €45,066 | €58,139 | +€13,073 | +29.0% |
| Profit (loss) for the period | 9904 | €110,690 | €132,731 | +€22,040 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,690 | €132,731 | +€22,040 | +19.9% |
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 28 October 2026 via checked.be.