ROBANO: 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.
ROBANO
Largest movements
- Financial fixed assets -€375,000
no longer reported in 2025 (was €375,000)
- Tangible fixed assets +€311,792
up €311,792 (+52.1%), from €598,215 to €910,007
- Intangible fixed assets +€194,087
new in 2025: €194,087
- Receivables within one year -€128,550
down €128,550 (-95.3%), from €134,838 to €6,288
- Cash -€12,986
down €12,986 (-25.8%), from €50,351 to €37,365
mainly Contributions, distributions and other (-€626,753) and Investment in fixed assets (net) (-€245,419)
- Reserves -€600,000
down €600,000 (-88.0%), from €681,450 to €81,450
of which Distributable reserves: -€600,000
- Debts after one year +€530,462
new in 2025: €530,462
- Current portion of long-term debt +€52,439
new in 2025: €52,439
- Trade debts +€47,367
up €47,367 (+914%), from €5,180 to €52,547
- Other debts -€44,012
down €44,012 (-10.0%), from €438,337 to €394,325
- Depreciation +€36,046
up €36,046 (+45.9%), from €78,494 to €114,540
- Taxes -€12,567
down €12,567 (-52.8%), from €23,779 to €11,212
- Other operating charges +€11,679
up €11,679 (+74.8%), from €15,624 to €27,303
- Financial charges +€7,838
up €7,838 (+1,264%), from €620 to €8,458
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 | €1,158,410 | €1,147,747 | -€10,663 | -0.9% |
| Fixed assets | 21/28 | €973,215 | €1,104,094 | +€130,879 | +13.4% |
| Intangible fixed assets | 21 | - | €194,087 | +€194,087 | |
| Tangible fixed assets | 22/27 | €598,215 | €910,007 | +€311,792 | +52.1% |
| Land and buildings | 22 | €598,215 | €910,007 | +€311,792 | +52.1% |
| Financial fixed assets | 28 | €375,000 | - | -€375,000 | |
| Current assets | 29/58 | €185,195 | €43,653 | -€141,542 | -76.4% |
| Amounts receivable within one year | 40/41 | €134,838 | €6,288 | -€128,550 | -95.3% |
| Other amounts receivable | 41 | €134,838 | €6,288 | -€128,550 | -95.3% |
| Cash at bank and in hand | 54/58 | €50,351 | €37,365 | -€12,986 | -25.8% |
| Deferred charges and accrued income | 490/1 | €6 | - | -€6 | |
| Total equity and liabilities | 10/49 | €1,158,410 | €1,147,747 | -€10,663 | -0.9% |
| Equity | 10/15 | €700,000 | €100,000 | -€600,000 | -85.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €681,450 | €81,450 | -€600,000 | -88.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €679,595 | €79,595 | -€600,000 | -88.3% |
| Amounts payable | 17/49 | €458,410 | €1,047,747 | +€589,337 | +129% |
| Amounts payable after more than one year | 17 | - | €530,462 | +€530,462 | |
| Financial debts | 170/4 | - | €530,462 | +€530,462 | |
| Amounts payable within one year | 42/48 | €443,517 | €501,980 | +€58,463 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | - | €52,439 | +€52,439 | |
| Trade debts | 44 | €5,180 | €52,547 | +€47,367 | +914% |
| Suppliers | 440/4 | €5,180 | €52,547 | +€47,367 | +914% |
| Advances received on contracts in progress | 46 | - | €1,271 | +€1,271 | |
| Taxes, remuneration and social security | 45 | - | €1,398 | +€1,398 | |
| Taxes | 450/3 | - | €1,398 | +€1,398 | |
| Other amounts payable | 47/48 | €438,337 | €394,325 | -€44,012 | -10.0% |
| Accrued charges and deferred income | 492/3 | €14,893 | €15,305 | +€412 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,494 | €114,540 | +€36,046 | +45.9% |
| Other operating charges | 640/8 | €15,624 | €27,303 | +€11,679 | +74.8% |
| Gross operating margin | 9900 | €189,854 | €188,266 | -€1,588 | -0.8% |
| Operating profit (loss) | 9901 | €95,736 | €46,423 | -€49,313 | -51.5% |
| Financial charges | 65/66B | €620 | €8,458 | +€7,838 | +1,264% |
| Recurring financial charges | 65 | €620 | €8,458 | +€7,838 | +1,264% |
| Profit (loss) for the period before taxes | 9903 | €95,116 | €37,965 | -€57,151 | -60.1% |
| Income taxes | 67/77 | €23,779 | €11,212 | -€12,567 | -52.8% |
| Profit (loss) for the period | 9904 | €71,337 | €26,753 | -€44,584 | -62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,337 | €26,753 | -€44,584 | -62.5% |
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 18 October 2026 via checked.be.