Mike 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.
Mike Robberechts
Largest movements
- Receivables within one year +€41,247
up €41,247 (+925%), from €4,457 to €45,704
of which Trade receivables: +€35,508
- Tangible fixed assets +€20,268
up €20,268 (+179%), from €11,306 to €31,575
of which Plant, machinery and equipment: +€20,378
- Cash +€16,547
up €16,547 (+999%), from €1,657 to €18,204
mainly Other debts (+€73,793) and Net result for the year (+€61,627)
- Other debts +€73,793
up €73,793 (+36,560%), from €202 to €73,995
- Reserves -€7,838
down €7,838 (-80.8%), from €9,698 to €1,860
of which Distributable reserves: -€7,838
- Tax, wage and social debts +€7,426
up €7,426 (+331%), from €2,241 to €9,667
- Trade debts +€4,325
up €4,325 (+185%), from €2,344 to €6,668
- Gross operating margin +€79,044
up €79,044 (+973%), from €8,122 to €87,167
- Taxes +€14,055
up €14,055 (+1,042%), from €1,349 to €15,405
- Depreciation +€3,615
up €3,615 (+73.6%), from €4,912 to €8,528
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 | €21,035 | €98,390 | +€77,355 | +368% |
| Fixed assets | 21/28 | €13,756 | €34,025 | +€20,268 | +147% |
| Tangible fixed assets | 22/27 | €11,306 | €31,575 | +€20,268 | +179% |
| Plant, machinery and equipment | 23 | €2,897 | €23,275 | +€20,378 | +703% |
| Furniture and vehicles | 24 | €8,409 | €8,300 | -€109 | -1.3% |
| Financial fixed assets | 28 | €2,450 | €2,450 | = | 0.0% |
| Current assets | 29/58 | €7,279 | €64,365 | +€57,087 | +784% |
| Amounts receivable within one year | 40/41 | €4,457 | €45,704 | +€41,247 | +925% |
| Trade receivables | 40 | €1,843 | €37,350 | +€35,508 | +1,927% |
| Other amounts receivable | 41 | €2,614 | €8,354 | +€5,740 | +220% |
| Cash at bank and in hand | 54/58 | €1,657 | €18,204 | +€16,547 | +999% |
| Deferred charges and accrued income | 490/1 | €1,165 | €458 | -€707 | -60.7% |
| Total equity and liabilities | 10/49 | €21,035 | €98,390 | +€77,355 | +368% |
| Equity | 10/15 | €15,898 | €8,060 | -€7,838 | -49.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,698 | €1,860 | -€7,838 | -80.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,838 | €0 | -€7,838 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €5,137 | €90,330 | +€85,193 | +1,659% |
| Amounts payable within one year | 42/48 | €4,787 | €90,330 | +€85,543 | +1,787% |
| Trade debts | 44 | €2,344 | €6,668 | +€4,325 | +185% |
| Suppliers | 440/4 | €2,344 | €6,668 | +€4,325 | +185% |
| Taxes, remuneration and social security | 45 | €2,241 | €9,667 | +€7,426 | +331% |
| Taxes | 450/3 | €2,241 | €9,667 | +€7,426 | +331% |
| Other amounts payable | 47/48 | €202 | €73,995 | +€73,793 | +36,560% |
| Accrued charges and deferred income | 492/3 | €350 | €0 | -€350 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,912 | €8,528 | +€3,615 | +73.6% |
| Other operating charges | 640/8 | €1,415 | €2,034 | +€618 | +43.7% |
| Gross operating margin | 9900 | €8,122 | €87,167 | +€79,044 | +973% |
| Operating profit (loss) | 9901 | €1,795 | €76,605 | +€74,811 | +4,168% |
| Financial income | 75/76B | €154 | €577 | +€423 | +275% |
| Recurring financial income | 75 | €154 | €577 | +€423 | +275% |
| Financial charges | 65/66B | €214 | €151 | -€63 | -29.6% |
| Recurring financial charges | 65 | €214 | €151 | -€63 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €1,735 | €77,032 | +€75,297 | +4,341% |
| Income taxes | 67/77 | €1,349 | €15,405 | +€14,055 | +1,042% |
| Profit (loss) for the period | 9904 | €385 | €61,627 | +€61,242 | +15,900% |
| Profit (loss) for the period to be appropriated | 9905 | €385 | €61,627 | +€61,242 | +15,900% |
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 29 October 2026 via checked.be.