ROBAIWEZ: 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.
What changed
ROBAIWEZ
NACE 02.200, Logging
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€32,263
2024 · -€13,139-€19,124
Equity
€1.0m
2024 · €1.0m-€32,263
Cash
€205,204
2024 · €603,195-€397,991
Balance sheet total
€2.3m
2024 · €2.5m-€220,026
Largest movements
Assets
- Cash -€397,991
down €397,991 (-66.0%), from €603,195 to €205,204
mainly Investment in fixed assets (net) (-€246,906) and Trade debts (-€125,801)
- Tangible fixed assets +€150,547
up €150,547 (+7.9%), from €1.9m to €2.1m
of which Land and buildings: +€160,443
Equity and liabilities
- Trade debts -€125,801
down €125,801 (-95.0%), from €132,394 to €6,594
- Debts after one year -€47,703
down €47,703 (-7.2%), from €659,191 to €611,488
Income statement
- Depreciation +€19,131
up €19,131 (+24.7%), from €77,598 to €96,729
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.
Result 2024
-€13,139
Gross operating margin
-€513
Depreciation
-€19,131
Other operating charges
+€132
Financial income
+€10
Financial charges
+€487
Taxes
+€2
Deferred taxes and other
-€109
Result 2025
-€32,263
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.
From operations
-€103,534
Investment
-€246,906
Financing
-€47,552
Cash 2024
€603,195
From operations (derived)
-€103,534
Net result for the year
-€32,263
Depreciation
+€96,729
Receivables within one year
-€14,942
Deferred charges and accrued income
-€12,847
Provisions
-€3,456
Trade debts
-€125,801
Tax, wage and social debts
-€21,703
Other debts
+€10,650
Accrued charges and deferred income
+€99
Investment (derived)
-€246,906
Investment in fixed assets (net)
-€246,906
Financing
-€47,552
Debts after one year
-€47,703
Current portion of long-term debt
+€151
Cash 2025
€205,204
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,533,334 | €2,313,309 | -€220,026 | -8.7% |
| Fixed assets | 21/28 | €1,915,770 | €2,065,947 | +€150,177 | +7.8% |
| Tangible fixed assets | 22/27 | €1,915,400 | €2,065,947 | +€150,547 | +7.9% |
| Land and buildings | 22 | €1,903,902 | €2,064,345 | +€160,443 | +8.4% |
| Plant, machinery and equipment | 23 | €1,958 | €1,602 | -€356 | -18.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €9,540 | €0 | -€9,540 | -100.0% |
| Financial fixed assets | 28 | €370 | €0 | -€370 | -100.0% |
| Current assets | 29/58 | €617,564 | €247,362 | -€370,202 | -59.9% |
| Amounts receivable within one year | 40/41 | €10,746 | €25,687 | +€14,942 | +139.0% |
| Trade receivables | 40 | €4,537 | €24,697 | +€20,160 | +444.3% |
| Other amounts receivable | 41 | €6,209 | €990 | -€5,218 | -84.0% |
| Cash at bank and in hand | 54/58 | €603,195 | €205,204 | -€397,991 | -66.0% |
| Deferred charges and accrued income | 490/1 | €3,623 | €16,471 | +€12,847 | +354.6% |
| Total equity and liabilities | 10/49 | €2,533,334 | €2,313,309 | -€220,026 | -8.7% |
| Equity | 10/15 | €1,047,893 | €1,015,630 | -€32,263 | -3.1% |
| Contributions | 10/11 | €620,000 | €620,000 | = | 0.0% |
| Reserves | 13 | €429,592 | €419,223 | -€10,369 | -2.4% |
| Tax-exempt reserves | 132 | €157,592 | €147,223 | -€10,369 | -6.6% |
| Distributable reserves | 133 | €272,000 | €272,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,699 | -€23,593 | -€21,894 | -1288.3% |
| Provisions and deferred taxes | 16 | €85,810 | €82,354 | -€3,456 | -4.0% |
| Deferred taxes | 168 | €85,810 | €82,354 | -€3,456 | -4.0% |
| Amounts payable | 17/49 | €1,399,632 | €1,215,325 | -€184,307 | -13.2% |
| Amounts payable after more than one year | 17 | €659,191 | €611,488 | -€47,703 | -7.2% |
| Financial debts | 170/4 | €659,191 | €611,488 | -€47,703 | -7.2% |
| Amounts payable within one year | 42/48 | €739,936 | €603,233 | -€136,703 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €47,552 | €47,703 | +€151 | +0.3% |
| Trade debts | 44 | €132,394 | €6,594 | -€125,801 | -95.0% |
| Suppliers | 440/4 | €132,394 | €6,594 | -€125,801 | -95.0% |
| Taxes, remuneration and social security | 45 | €22,518 | €815 | -€21,703 | -96.4% |
| Taxes | 450/3 | €22,518 | €815 | -€21,703 | -96.4% |
| Other amounts payable | 47/48 | €537,471 | €548,121 | +€10,650 | +2.0% |
| Accrued charges and deferred income | 492/3 | €505 | €604 | +€99 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,598 | €96,729 | +€19,131 | +24.7% |
| Other operating charges | 640/8 | €4,042 | €3,910 | -€132 | -3.3% |
| Gross operating margin | 9900 | €75,107 | €74,594 | -€513 | -0.7% |
| Operating profit (loss) | 9901 | -€6,533 | -€26,046 | -€19,512 | -298.7% |
| Financial income | 75/76B | €5 | €15 | +€10 | +174.0% |
| Recurring financial income | 75 | €5 | €15 | +€10 | +174.0% |
| Financial charges | 65/66B | €10,175 | €9,688 | -€487 | -4.8% |
| Recurring financial charges | 65 | €10,175 | €9,688 | -€487 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€16,703 | -€35,719 | -€19,016 | -113.8% |
| Transfer from deferred taxes | 780 | €3,566 | €3,456 | -€109 | -3.1% |
| Income taxes | 67/77 | €2 | €0 | -€2 | -100.0% |
| Profit (loss) for the period | 9904 | -€13,139 | -€32,263 | -€19,124 | -145.5% |
| Transfer from tax-exempt reserves | 789 | €10,697 | €10,369 | -€328 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,442 | -€21,894 | -€19,452 | -796.5% |
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 6 October 2026 via checked.be.