ROB ROY: 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 ROY
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+26.3%), from €7.0m to €8.8m
of which Land and buildings: +€1.8m
- Receivables within one year -€227,624
down €227,624 (-83.8%), from €271,774 to €44,150
- Cash -€225,365
down €225,365 (-83.6%), from €269,459 to €44,094
mainly Investment in fixed assets (net) (-€2.0m) and Contributions, distributions and other (-€407,800)
- Debts after one year +€1.5m
up €1.5m (+500.0%), from €300,000 to €1.8m
- Reserves -€147,900
down €147,900 (-4.7%), from €3.1m to €3.0m
of which Distributable reserves: -€147,900
- Gross operating margin +€386,853
up €386,853 (+59.6%), from €649,084 to €1.0m
- Financial income -€247,499
down €247,499 (-99.0%), from €250,100 to €2,601
of which Non-recurring financial income: -€212,615
- Financial charges +€154,690
up €154,690 (+174024.2%), from €89 to €154,779
- Depreciation +€68,461
up €68,461 (+58.0%), from €117,944 to €186,405
- Taxes -€36,891
down €36,891 (-24.2%), from €152,383 to €115,492
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 | €7,557,962 | €8,934,629 | +€1.4m | +18.2% |
| Fixed assets | 21/28 | €7,001,817 | €8,846,385 | +€1.8m | +26.3% |
| Tangible fixed assets | 22/27 | €7,001,817 | €8,846,385 | +€1.8m | +26.3% |
| Land and buildings | 22 | €6,999,913 | €8,844,735 | +€1.8m | +26.4% |
| Furniture and vehicles | 24 | €1,904 | €1,650 | -€255 | -13.4% |
| Current assets | 29/58 | €556,144 | €88,244 | -€467,900 | -84.1% |
| Amounts receivable within one year | 40/41 | €271,774 | €44,150 | -€227,624 | -83.8% |
| Other amounts receivable | 41 | €271,774 | €44,150 | -€227,624 | -83.8% |
| Cash at bank and in hand | 54/58 | €269,459 | €44,094 | -€225,365 | -83.6% |
| Deferred charges and accrued income | 490/1 | €14,912 | - | -€14,912 | |
| Total equity and liabilities | 10/49 | €7,557,962 | €8,934,629 | +€1.4m | +18.2% |
| Equity | 10/15 | €7,237,373 | €7,089,571 | -€147,802 | -2.0% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €3,129,665 | €2,981,765 | -€147,900 | -4.7% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €3,029,665 | €2,881,765 | -€147,900 | -4.9% |
| Profit (loss) carried forward | 14 | €3,107,707 | €3,107,806 | +€98 | 0.0% |
| Amounts payable | 17/49 | €320,589 | €1,845,058 | +€1.5m | +475.5% |
| Amounts payable after more than one year | 17 | €300,000 | €1,800,000 | +€1.5m | +500.0% |
| Financial debts | 170/4 | €300,000 | €1,800,000 | +€1.5m | +500.0% |
| Amounts payable within one year | 42/48 | €14,609 | €24,707 | +€10,099 | +69.1% |
| Trade debts | 44 | €10,009 | - | -€10,009 | |
| Suppliers | 440/4 | €10,009 | - | -€10,009 | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,500 | €4,500 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,500 | €4,500 | = | 0.0% |
| Other amounts payable | 47/48 | €100 | €20,207 | +€20,107 | +20107.4% |
| Accrued charges and deferred income | 492/3 | €5,980 | €20,350 | +€14,370 | +240.3% |
| Non-recurring operating income | 76A | €1,135 | €300,973 | +€299,838 | +26418.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,944 | €186,405 | +€68,461 | +58.0% |
| Other operating charges | 640/8 | €289,295 | €321,863 | +€32,568 | +11.3% |
| Gross operating margin | 9900 | €649,084 | €1,035,937 | +€386,853 | +59.6% |
| Operating profit (loss) | 9901 | €241,846 | €527,669 | +€285,824 | +118.2% |
| Financial income | 75/76B | €250,100 | €2,601 | -€247,499 | -99.0% |
| Recurring financial income | 75 | €37,485 | €2,601 | -€34,884 | -93.1% |
| Non-recurring financial income | 76B | €212,615 | - | -€212,615 | |
| Financial charges | 65/66B | €89 | €154,779 | +€154,690 | +174024.2% |
| Recurring financial charges | 65 | €89 | €154,779 | +€154,690 | +174024.2% |
| Profit (loss) for the period before taxes | 9903 | €491,856 | €375,491 | -€116,366 | -23.7% |
| Income taxes | 67/77 | €152,383 | €115,492 | -€36,891 | -24.2% |
| Profit (loss) for the period | 9904 | €339,473 | €259,998 | -€79,475 | -23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €339,473 | €259,998 | -€79,475 | -23.4% |
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 28 September 2026 via checked.be.