Frank Robinson: 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.
Frank Robinson
Largest movements
- Cash -€19,670
down €19,670 (-97.4%), from €20,188 to €519
mainly Debts after one year (-€10,263) and Net result for the year (-€7,749)
- Receivables within one year +€2,125
up €2,125 (+2.8%), from €75,690 to €77,815
- Debts after one year -€10,263
down €10,263 (-18.9%), from €54,333 to €44,070
- Profit (loss) carried forward -€7,749
new in 2025: -€7,749
- Gross operating margin -€11,714
down €11,714, from €8,080 to -€3,633
- Depreciation -€859
down €859 (-84.2%), from €1,020 to €161
- Financial charges -€434
down €434 (-11.2%), from €3,882 to €3,447
- Taxes -€243
no longer reported in 2025 (was €243)
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 | €206,523 | €188,817 | -€17,706 | -8.6% |
| Fixed assets | 21/28 | €100,644 | €100,483 | -€161 | -0.2% |
| Tangible fixed assets | 22/27 | €644 | €483 | -€161 | -25.0% |
| Other tangible fixed assets | 26 | €644 | €483 | -€161 | -25.0% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €105,878 | €88,334 | -€17,545 | -16.6% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Contracts in progress | 37 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €75,690 | €77,815 | +€2,125 | +2.8% |
| Other amounts receivable | 41 | €75,690 | €77,815 | +€2,125 | +2.8% |
| Cash at bank and in hand | 54/58 | €20,188 | €519 | -€19,670 | -97.4% |
| Total equity and liabilities | 10/49 | €206,523 | €188,817 | -€17,706 | -8.6% |
| Equity | 10/15 | €116,742 | €108,992 | -€7,749 | -6.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €96,742 | €96,742 | = | 0.0% |
| Distributable reserves | 133 | €96,742 | €96,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,749 | -€7,749 | |
| Amounts payable | 17/49 | €89,781 | €79,825 | -€9,957 | -11.1% |
| Amounts payable after more than one year | 17 | €54,333 | €44,070 | -€10,263 | -18.9% |
| Financial debts | 170/4 | €54,333 | €44,070 | -€10,263 | -18.9% |
| Amounts payable within one year | 42/48 | €35,448 | €35,755 | +€307 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €9,797 | €10,263 | +€466 | +4.8% |
| Trade debts | 44 | €408 | €492 | +€84 | +20.6% |
| Suppliers | 440/4 | €408 | €492 | +€84 | +20.6% |
| Taxes, remuneration and social security | 45 | €243 | - | -€243 | |
| Taxes | 450/3 | €243 | - | -€243 | |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,020 | €161 | -€859 | -84.2% |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €8,080 | -€3,633 | -€11,714 | |
| Operating profit (loss) | 9901 | €6,557 | -€4,302 | -€10,859 | |
| Financial charges | 65/66B | €3,882 | €3,447 | -€434 | -11.2% |
| Recurring financial charges | 65 | €3,882 | €3,447 | -€434 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €2,675 | -€7,749 | -€10,425 | |
| Income taxes | 67/77 | €243 | - | -€243 | |
| Profit (loss) for the period | 9904 | €2,432 | -€7,749 | -€10,181 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,432 | -€7,749 | -€10,181 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.