MOREELS ROBIN: what changed
Two fiscal 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.
MOREELS ROBIN
Largest movements
- Receivables after one year +€55,000
new in 2025: €55,000
- Cash -€13,780
down €13,780 (-14.8%), from €93,279 to €79,499
mainly Receivables after one year (-€55,000) and Contributions, distributions and other (-€48,816)
- Receivables within one year -€13,037
down €13,037 (-28.5%), from €45,724 to €32,688
of which Trade receivables: -€7,053
- Deferred charges and accrued income +€3,108
up €3,108 (+34.7%), from €8,956 to €12,063
- Accrued charges and deferred income +€36,487
up €36,487 (+296.0%), from €12,328 to €48,816
- Reserves -€3,998
down €3,998 (-3.3%), from €122,766 to €118,768
- Gross operating margin +€3,650
up €3,650 (+6.3%), from €58,376 to €62,027
- Taxes +€1,248
up €1,248 (+7.8%), from €15,923 to €17,172
- Financial income +€885
up €885 (+45.1%), from €1,964 to €2,849
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 | €153,888 | €186,803 | +€32,915 | +21.4% |
| Fixed assets | 21/28 | €5,929 | €7,553 | +€1,623 | +27.4% |
| Tangible fixed assets | 22/27 | €5,929 | €7,553 | +€1,623 | +27.4% |
| Plant, machinery and equipment | 23 | €521 | €3,551 | +€3,030 | +582.2% |
| Furniture and vehicles | 24 | €241 | €115 | -€127 | -52.5% |
| Other tangible fixed assets | 26 | €5,167 | €3,887 | -€1,280 | -24.8% |
| Current assets | 29/58 | €147,959 | €179,250 | +€31,291 | +21.1% |
| Amounts receivable after more than one year | 29 | - | €55,000 | +€55,000 | |
| Other amounts receivable | 291 | - | €55,000 | +€55,000 | |
| Amounts receivable within one year | 40/41 | €45,724 | €32,688 | -€13,037 | -28.5% |
| Trade receivables | 40 | €7,570 | €517 | -€7,053 | -93.2% |
| Other amounts receivable | 41 | €38,154 | €32,171 | -€5,984 | -15.7% |
| Cash at bank and in hand | 54/58 | €93,279 | €79,499 | -€13,780 | -14.8% |
| Deferred charges and accrued income | 490/1 | €8,956 | €12,063 | +€3,108 | +34.7% |
| Total equity and liabilities | 10/49 | €153,888 | €186,803 | +€32,915 | +21.4% |
| Equity | 10/15 | €136,966 | €132,968 | -€3,998 | -2.9% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €122,766 | €118,768 | -€3,998 | -3.3% |
| Distributable reserves | 133 | €122,766 | €118,768 | -€3,998 | -3.3% |
| Amounts payable | 17/49 | €16,922 | €53,835 | +€36,913 | +218.1% |
| Amounts payable within one year | 42/48 | €4,594 | €5,019 | +€426 | +9.3% |
| Trade debts | 44 | €607 | €704 | +€97 | +16.0% |
| Suppliers | 440/4 | €607 | €704 | +€97 | +16.0% |
| Taxes, remuneration and social security | 45 | €3,987 | €4,315 | +€329 | +8.2% |
| Taxes | 450/3 | €3,987 | €4,315 | +€329 | +8.2% |
| Accrued charges and deferred income | 492/3 | €12,328 | €48,816 | +€36,487 | +296.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,974 | €1,859 | -€115 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €224 | - | -€224 | |
| Other operating charges | 640/8 | €678 | €757 | +€79 | +11.7% |
| Gross operating margin | 9900 | €58,376 | €62,027 | +€3,650 | +6.3% |
| Operating profit (loss) | 9901 | €55,500 | €59,411 | +€3,910 | +7.0% |
| Financial income | 75/76B | €1,964 | €2,849 | +€885 | +45.1% |
| Recurring financial income | 75 | €1,964 | €2,849 | +€885 | +45.1% |
| Financial charges | 65/66B | €269 | €270 | +€1 | +0.2% |
| Recurring financial charges | 65 | €269 | €270 | +€1 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €57,195 | €61,989 | +€4,795 | +8.4% |
| Income taxes | 67/77 | €15,923 | €17,172 | +€1,248 | +7.8% |
| Profit (loss) for the period | 9904 | €41,271 | €44,818 | +€3,546 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,271 | €44,818 | +€3,546 | +8.6% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.