ROBACCO: 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.
ROBACCO
Largest movements
- Receivables after one year -€48,000
down €48,000 (-57.8%), from €83,000 to €35,000
- Cash -€5,854
down €5,854 (-41.1%), from €14,254 to €8,400
mainly Contributions, distributions and other (-€98,980) and Tax, wage and social debts (-€24,762)
- Tangible fixed assets -€3,424
down €3,424 (-22.4%), from €15,321 to €11,896
of which Furniture and vehicles: -€5,263
- Current investments +€2,250
new in 2025: €2,250
- Reserves -€48,795
down €48,795 (-55.6%), from €87,810 to €39,015
- Tax, wage and social debts -€24,762
down €24,762 (-93.3%), from €26,547 to €1,785
of which Taxes: -€23,312
- Other debts +€18,293
up €18,293 (+17,740%), from €103 to €18,396
- Current portion of long-term debt -€2,924
down €2,924 (-56.8%), from €5,150 to €2,226
- Short-term financial debts +€2,885
up €2,885, from €0 to €2,885
- Gross operating margin +€25,286
up €25,286 (+54.6%), from €46,312 to €71,598
- Taxes +€4,773
up €4,773 (+49.0%), from €9,733 to €14,507
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 | €127,202 | €71,015 | -€56,188 | -44.2% |
| Fixed assets | 21/28 | €15,321 | €11,896 | -€3,424 | -22.4% |
| Tangible fixed assets | 22/27 | €15,321 | €11,896 | -€3,424 | -22.4% |
| Plant, machinery and equipment | 23 | €0 | €1,217 | +€1,217 | |
| Furniture and vehicles | 24 | €7,223 | €1,961 | -€5,263 | -72.9% |
| Other tangible fixed assets | 26 | €8,097 | €8,719 | +€622 | +7.7% |
| Current assets | 29/58 | €111,882 | €59,118 | -€52,764 | -47.2% |
| Amounts receivable after more than one year | 29 | €83,000 | €35,000 | -€48,000 | -57.8% |
| Other amounts receivable | 291 | €83,000 | €35,000 | -€48,000 | -57.8% |
| Amounts receivable within one year | 40/41 | €13,714 | €13,046 | -€669 | -4.9% |
| Trade receivables | 40 | €13,714 | €13,046 | -€669 | -4.9% |
| Current investments | 50/53 | - | €2,250 | +€2,250 | |
| Cash at bank and in hand | 54/58 | €14,254 | €8,400 | -€5,854 | -41.1% |
| Deferred charges and accrued income | 490/1 | €914 | €422 | -€491 | -53.8% |
| Total equity and liabilities | 10/49 | €127,202 | €71,015 | -€56,188 | -44.2% |
| Equity | 10/15 | €92,810 | €44,015 | -€48,795 | -52.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €87,810 | €39,015 | -€48,795 | -55.6% |
| Distributable reserves | 133 | €87,810 | €39,015 | -€48,795 | -55.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,392 | €27,000 | -€7,393 | -21.5% |
| Amounts payable after more than one year | 17 | €2,226 | €0 | -€2,226 | -100% |
| Financial debts | 170/4 | €2,226 | €0 | -€2,226 | -100% |
| Amounts payable within one year | 42/48 | €32,167 | €27,000 | -€5,167 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €5,150 | €2,226 | -€2,924 | -56.8% |
| Financial debts | 43 | €0 | €2,885 | +€2,885 | |
| Credit institutions | 430/8 | €0 | €2,885 | +€2,885 | |
| Trade debts | 44 | €367 | €1,707 | +€1,340 | +366% |
| Suppliers | 440/4 | €367 | €1,707 | +€1,340 | +366% |
| Taxes, remuneration and social security | 45 | €26,547 | €1,785 | -€24,762 | -93.3% |
| Taxes | 450/3 | €25,097 | €1,785 | -€23,312 | -92.9% |
| Remuneration and social security | 454/9 | €1,450 | €0 | -€1,450 | -100% |
| Other amounts payable | 47/48 | €103 | €18,396 | +€18,293 | +17,740% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,583 | €6,830 | +€246 | +3.7% |
| Other operating charges | 640/8 | €939 | €889 | -€50 | -5.3% |
| Gross operating margin | 9900 | €46,312 | €71,598 | +€25,286 | +54.6% |
| Operating profit (loss) | 9901 | €38,790 | €63,879 | +€25,090 | +64.7% |
| Financial income | 75/76B | €1,763 | €1,420 | -€343 | -19.4% |
| Recurring financial income | 75 | €1,763 | €1,420 | -€343 | -19.4% |
| Financial charges | 65/66B | €763 | €608 | -€155 | -20.3% |
| Recurring financial charges | 65 | €763 | €608 | -€155 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €39,790 | €64,691 | +€24,901 | +62.6% |
| Income taxes | 67/77 | €9,733 | €14,507 | +€4,773 | +49.0% |
| Profit (loss) for the period | 9904 | €30,056 | €50,184 | +€20,128 | +67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,056 | €50,184 | +€20,128 | +67.0% |
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 21 October 2026 via checked.be.