ROB: 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.
ROB
Largest movements
- Cash +€94,673
up €94,673 (+123.2%), from €76,851 to €171,523
mainly Net result for the year (+€53,852) and Receivables within one year (+€46,832)
- Receivables within one year -€46,832
down €46,832 (-97.1%), from €48,254 to €1,421
- Tangible fixed assets -€16,161
down €16,161 (-3.3%), from €491,036 to €474,875
of which Leasing and similar rights: -€9,099
- Deferred charges and accrued income -€13,532
down €13,532 (-63.1%), from €21,450 to €7,919
- Receivables after one year +€10,000
new in 2025: €10,000
- Other debts +€25,613
up €25,613 (+31.0%), from €82,538 to €108,151
- Debts after one year -€21,238
down €21,238 (-5.3%), from €398,710 to €377,472
of which Other amounts payable: -€12,491
- Trade debts +€18,851
up €18,851 (+90.9%), from €20,738 to €39,590
- Gross operating margin +€43,900
up €43,900 (+67.3%), from €65,259 to €109,160
- Depreciation -€33,773
down €33,773 (-63.8%), from €52,954 to €19,181
- Taxes +€14,652
new in 2025: €14,652
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 | €638,915 | €666,963 | +€28,048 | +4.4% |
| Fixed assets | 21/28 | €492,361 | €476,099 | -€16,261 | -3.3% |
| Intangible fixed assets | 21 | €324 | €224 | -€100 | -30.8% |
| Tangible fixed assets | 22/27 | €491,036 | €474,875 | -€16,161 | -3.3% |
| Land and buildings | 22 | €260,393 | €253,977 | -€6,415 | -2.5% |
| Plant, machinery and equipment | 23 | €1,572 | €925 | -€647 | -41.2% |
| Furniture and vehicles | 24 | €5,500 | €5,500 | = | 0.0% |
| Leasing and similar rights | 25 | €223,572 | €214,473 | -€9,099 | -4.1% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €146,555 | €190,864 | +€44,309 | +30.2% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €48,254 | €1,421 | -€46,832 | -97.1% |
| Trade receivables | 40 | €48,254 | €1,421 | -€46,832 | -97.1% |
| Cash at bank and in hand | 54/58 | €76,851 | €171,523 | +€94,673 | +123.2% |
| Deferred charges and accrued income | 490/1 | €21,450 | €7,919 | -€13,532 | -63.1% |
| Total equity and liabilities | 10/49 | €638,915 | €666,963 | +€28,048 | +4.4% |
| Equity | 10/15 | €101,280 | €106,132 | +€4,852 | +4.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €105,000 | €105,132 | +€132 | +0.1% |
| Distributable reserves | 133 | €105,000 | €105,132 | +€132 | +0.1% |
| Profit (loss) carried forward | 14 | -€4,720 | - | +€4,720 | |
| Amounts payable | 17/49 | €537,635 | €560,830 | +€23,195 | +4.3% |
| Amounts payable after more than one year | 17 | €398,710 | €377,472 | -€21,238 | -5.3% |
| Financial debts | 170/4 | €223,493 | €214,747 | -€8,747 | -3.9% |
| Other amounts payable | 178/9 | €175,216 | €162,725 | -€12,491 | -7.1% |
| Amounts payable within one year | 42/48 | €135,261 | €178,616 | +€43,356 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €20,364 | €21,059 | +€695 | +3.4% |
| Trade debts | 44 | €20,738 | €39,590 | +€18,851 | +90.9% |
| Suppliers | 440/4 | €20,738 | €39,590 | +€18,851 | +90.9% |
| Taxes, remuneration and social security | 45 | €11,620 | €9,817 | -€1,803 | -15.5% |
| Taxes | 450/3 | €11,620 | €8,101 | -€3,520 | -30.3% |
| Remuneration and social security | 454/9 | - | €1,717 | +€1,717 | |
| Other amounts payable | 47/48 | €82,538 | €108,151 | +€25,613 | +31.0% |
| Accrued charges and deferred income | 492/3 | €3,665 | €4,742 | +€1,078 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,954 | €19,181 | -€33,773 | -63.8% |
| Other operating charges | 640/8 | €3,834 | €3,598 | -€237 | -6.2% |
| Gross operating margin | 9900 | €65,259 | €109,160 | +€43,900 | +67.3% |
| Operating profit (loss) | 9901 | €8,471 | €86,380 | +€77,909 | +919.7% |
| Financial income | 75/76B | €350 | €626 | +€275 | +78.5% |
| Recurring financial income | 75 | €350 | €626 | +€275 | +78.5% |
| Financial charges | 65/66B | €18,328 | €18,502 | +€173 | +0.9% |
| Recurring financial charges | 65 | €18,328 | €18,502 | +€173 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,507 | €68,504 | +€78,011 | |
| Income taxes | 67/77 | - | €14,652 | +€14,652 | |
| Profit (loss) for the period | 9904 | -€9,507 | €53,852 | +€63,359 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,507 | €53,852 | +€63,359 |
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 4 October 2026 via checked.be.