Henri Robert: 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.
Henri Robert
Largest movements
- Cash -€158,137
down €158,137 (-93.2%), from €169,643 to €11,506
mainly Net result for the year (-€202,696) and Current investments (-€72,214)
- Tangible fixed assets -€146,351
down €146,351 (-3.7%), from €4.0m to €3.8m
of which Land and buildings: -€116,414
- Current investments +€72,214
up €72,214 (+10.4%), from €696,127 to €768,341
- Profit (loss) carried forward -€202,696
down €202,696 (-30.8%), from €658,441 to €455,745
- Financial income -€147,217
down €147,217 (-93.6%), from €157,308 to €10,090
- Financial charges +€62,558
up €62,558 (+791.8%), from €7,900 to €70,459
- Other operating charges -€9,643
down €9,643 (-83.5%), from €11,543 to €1,900
- Depreciation -€8,099
down €8,099 (-4.6%), from €174,675 to €166,576
- Taxes -€5,894
new in 2025: -€5,894
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
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 | €5,671,902 | €5,439,856 | -€232,047 | -4.1% |
| Fixed assets | 21/28 | €4,779,550 | €4,633,199 | -€146,351 | -3.1% |
| Tangible fixed assets | 22/27 | €3,979,550 | €3,833,199 | -€146,351 | -3.7% |
| Land and buildings | 22 | €3,444,140 | €3,327,726 | -€116,414 | -3.4% |
| Plant, machinery and equipment | 23 | €521,863 | €492,989 | -€28,874 | -5.5% |
| Furniture and vehicles | 24 | €13,547 | €12,484 | -€1,063 | -7.8% |
| Financial fixed assets | 28 | €800,000 | €800,000 | = | 0.0% |
| Current assets | 29/58 | €892,352 | €806,657 | -€85,695 | -9.6% |
| Stocks and contracts in progress | 3 | €35 | - | -€35 | |
| Stocks | 30/36 | €35 | - | -€35 | |
| Amounts receivable within one year | 40/41 | €24,200 | €24,699 | +€499 | +2.1% |
| Trade receivables | 40 | €24,200 | €24,200 | = | 0.0% |
| Other amounts receivable | 41 | - | €499 | +€499 | |
| Current investments | 50/53 | €696,127 | €768,341 | +€72,214 | +10.4% |
| Cash at bank and in hand | 54/58 | €169,643 | €11,506 | -€158,137 | -93.2% |
| Deferred charges and accrued income | 490/1 | €2,347 | €2,111 | -€236 | -10.1% |
| Total equity and liabilities | 10/49 | €5,671,902 | €5,439,856 | -€232,047 | -4.1% |
| Equity | 10/15 | €5,607,265 | €5,404,569 | -€202,696 | -3.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,886,824 | €4,886,824 | = | 0.0% |
| Non-distributable reserves | 130/1 | €37,308 | €37,308 | = | 0.0% |
| Legal reserve | 130 | €37,308 | €37,308 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,288 | €62,288 | = | 0.0% |
| Distributable reserves | 133 | €4,787,227 | €4,787,227 | = | 0.0% |
| Profit (loss) carried forward | 14 | €658,441 | €455,745 | -€202,696 | -30.8% |
| Amounts payable | 17/49 | €64,637 | €35,286 | -€29,351 | -45.4% |
| Amounts payable after more than one year | 17 | - | €207 | +€207 | |
| Other amounts payable | 178/9 | - | €207 | +€207 | |
| Amounts payable within one year | 42/48 | €63,427 | €31,637 | -€31,790 | -50.1% |
| Trade debts | 44 | - | €3,441 | +€3,441 | |
| Suppliers | 440/4 | - | €3,441 | +€3,441 | |
| Taxes, remuneration and social security | 45 | €1,200 | €1,699 | +€499 | +41.6% |
| Taxes | 450/3 | €1,200 | €1,699 | +€499 | +41.6% |
| Other amounts payable | 47/48 | €62,227 | €26,497 | -€35,731 | -57.4% |
| Accrued charges and deferred income | 492/3 | €1,210 | €3,442 | +€2,232 | +184.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,675 | €166,576 | -€8,099 | -4.6% |
| Other operating charges | 640/8 | €11,543 | €1,900 | -€9,643 | -83.5% |
| Gross operating margin | 9900 | €23,573 | €20,255 | -€3,317 | -14.1% |
| Operating profit (loss) | 9901 | -€162,645 | -€148,221 | +€14,424 | +8.9% |
| Financial income | 75/76B | €157,308 | €10,090 | -€147,217 | -93.6% |
| Recurring financial income | 75 | €157,308 | €10,090 | -€147,217 | -93.6% |
| Financial charges | 65/66B | €7,900 | €70,459 | +€62,558 | +791.8% |
| Recurring financial charges | 65 | €7,900 | €70,459 | +€62,558 | +791.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,238 | -€208,589 | -€195,351 | -1475.7% |
| Income taxes | 67/77 | - | -€5,894 | -€5,894 | |
| Profit (loss) for the period | 9904 | -€13,238 | -€202,696 | -€189,458 | -1431.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,238 | -€202,696 | -€189,458 | -1431.2% |
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 12 October 2026 via checked.be.