Rob Project Management: 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.
Rob Project Management
Largest movements
- Cash +€10,784
up €10,784 (+40.3%), from €26,771 to €37,555
mainly Net result for the year (+€64,424) and Depreciation (+€16,672)
- Stocks and contracts +€10,079
new in 2025: €10,079
- Receivables within one year +€6,207
up €6,207 (+34.2%), from €18,168 to €24,375
of which Trade receivables: +€3,998
- Reserves +€64,424
up €64,424 (+67.8%), from €94,962 to €159,386
- Other debts -€28,894
down €28,894 (-29.0%), from €99,787 to €70,893
- Debts after one year -€7,664
down €7,664 (-8.6%), from €89,424 to €81,760
- Accrued charges and deferred income +€4,267
new in 2025: €4,267
- Tax, wage and social debts -€4,228
down €4,228 (-36.3%), from €11,634 to €7,406
- Financial charges +€4,178
up €4,178 (+322%), from €1,297 to €5,475
- Gross operating margin +€2,210
up €2,210 (+2.1%), from €103,895 to €106,104
- Depreciation +€1,187
up €1,187 (+7.7%), from €15,485 to €16,672
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 | €304,964 | €333,714 | +€28,751 | +9.4% |
| Fixed assets | 21/28 | €259,263 | €258,850 | -€413 | -0.2% |
| Intangible fixed assets | 21 | €927 | €232 | -€695 | -75.0% |
| Tangible fixed assets | 22/27 | €258,336 | €258,618 | +€282 | +0.1% |
| Land and buildings | 22 | €16,001 | €25,386 | +€9,385 | +58.6% |
| Plant, machinery and equipment | 23 | €1,893 | €5,551 | +€3,658 | +193% |
| Furniture and vehicles | 24 | €19,308 | €13,196 | -€6,112 | -31.7% |
| Other tangible fixed assets | 26 | €221,134 | €214,485 | -€6,649 | -3.0% |
| Current assets | 29/58 | €45,701 | €74,865 | +€29,164 | +63.8% |
| Stocks and contracts in progress | 3 | - | €10,079 | +€10,079 | |
| Contracts in progress | 37 | - | €10,079 | +€10,079 | |
| Amounts receivable within one year | 40/41 | €18,168 | €24,375 | +€6,207 | +34.2% |
| Trade receivables | 40 | €18,168 | €22,167 | +€3,998 | +22.0% |
| Other amounts receivable | 41 | - | €2,208 | +€2,208 | |
| Cash at bank and in hand | 54/58 | €26,771 | €37,555 | +€10,784 | +40.3% |
| Deferred charges and accrued income | 490/1 | €762 | €2,856 | +€2,095 | +275% |
| Total equity and liabilities | 10/49 | €304,964 | €333,714 | +€28,751 | +9.4% |
| Equity | 10/15 | €95,062 | €159,486 | +€64,424 | +67.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €94,962 | €159,386 | +€64,424 | +67.8% |
| Distributable reserves | 133 | €94,962 | €159,386 | +€64,424 | +67.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €209,902 | €174,228 | -€35,673 | -17.0% |
| Amounts payable after more than one year | 17 | €89,424 | €81,760 | -€7,664 | -8.6% |
| Financial debts | 170/4 | €89,424 | €81,760 | -€7,664 | -8.6% |
| Amounts payable within one year | 42/48 | €120,478 | €88,201 | -€32,276 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | €7,575 | €7,664 | +€89 | +1.2% |
| Trade debts | 44 | €1,482 | €2,239 | +€756 | +51.0% |
| Suppliers | 440/4 | €1,482 | €2,239 | +€756 | +51.0% |
| Taxes, remuneration and social security | 45 | €11,634 | €7,406 | -€4,228 | -36.3% |
| Taxes | 450/3 | €11,634 | €7,406 | -€4,228 | -36.3% |
| Other amounts payable | 47/48 | €99,787 | €70,893 | -€28,894 | -29.0% |
| Accrued charges and deferred income | 492/3 | - | €4,267 | +€4,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,485 | €16,672 | +€1,187 | +7.7% |
| Other operating charges | 640/8 | €1,889 | €1,634 | -€255 | -13.5% |
| Gross operating margin | 9900 | €103,895 | €106,104 | +€2,210 | +2.1% |
| Operating profit (loss) | 9901 | €86,521 | €87,798 | +€1,277 | +1.5% |
| Financial income | 75/76B | €68 | €196 | +€128 | +190% |
| Recurring financial income | 75 | €68 | €196 | +€128 | +190% |
| Financial charges | 65/66B | €1,297 | €5,475 | +€4,178 | +322% |
| Recurring financial charges | 65 | €1,297 | €5,475 | +€4,178 | +322% |
| Profit (loss) for the period before taxes | 9903 | €85,292 | €82,519 | -€2,773 | -3.3% |
| Income taxes | 67/77 | €18,264 | €18,095 | -€169 | -0.9% |
| Profit (loss) for the period | 9904 | €67,027 | €64,424 | -€2,604 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,027 | €64,424 | -€2,604 | -3.9% |
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 16 October 2026 via checked.be.