ROBBERECHTS: 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.
ROBBERECHTS
Largest movements
- Stocks and contracts +€149,761
up €149,761 (+213%), from €70,450 to €220,211
- Receivables within one year -€44,173
down €44,173 (-18.0%), from €244,807 to €200,634
of which Other amounts receivable: -€47,533
- Receivables after one year -€34,418
down €34,418 (-34.1%), from €100,987 to €66,569
- Tangible fixed assets -€16,180
down €16,180 (-16.6%), from €97,600 to €81,420
of which Leasing and similar rights: -€8,578
- Cash +€6,162
up €6,162 (+162%), from €3,813 to €9,975
mainly Trade debts (+€74,934) and Receivables within one year (+€44,173)
- Trade debts +€74,934
up €74,934 (+10.3%), from €727,969 to €802,903
- Profit (loss) carried forward +€34,557
up €34,557 (+9.7%), from -€356,601 to -€322,044
- Tax, wage and social debts -€27,868
down €27,868 (-66.0%), from €42,194 to €14,326
of which Taxes: -€31,456
- Debts after one year -€12,650
no longer reported in 2025 (was €12,650)
- Other debts -€8,959
down €8,959 (-87.3%), from €10,265 to €1,306
- Turnover +€2.7m
new in 2025: €2.7m
- Purchases and services +€2.5m
new in 2025: €2.5m
- Gross operating margin +€144,290
up €144,290 (+650%), from €22,200 to €166,490
- Write-downs +€54,267
up €54,267 (+815%), from €6,660 to €60,928
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 | €520,045 | €578,809 | +€58,764 | +11.3% |
| Fixed assets | 21/28 | €97,600 | €81,420 | -€16,180 | -16.6% |
| Tangible fixed assets | 22/27 | €97,600 | €81,420 | -€16,180 | -16.6% |
| Land and buildings | 22 | €29,824 | €27,825 | -€1,999 | -6.7% |
| Plant, machinery and equipment | 23 | €34,945 | €29,342 | -€5,603 | -16.0% |
| Leasing and similar rights | 25 | €32,831 | €24,253 | -€8,578 | -26.1% |
| Current assets | 29/58 | €422,445 | €497,389 | +€74,944 | +17.7% |
| Amounts receivable after more than one year | 29 | €100,987 | €66,569 | -€34,418 | -34.1% |
| Other amounts receivable | 291 | €100,987 | €66,569 | -€34,418 | -34.1% |
| Stocks and contracts in progress | 3 | €70,450 | €220,211 | +€149,761 | +213% |
| Stocks | 30/36 | €70,450 | €220,211 | +€149,761 | +213% |
| Amounts receivable within one year | 40/41 | €244,807 | €200,634 | -€44,173 | -18.0% |
| Trade receivables | 40 | €183,948 | €187,308 | +€3,360 | +1.8% |
| Other amounts receivable | 41 | €60,859 | €13,326 | -€47,533 | -78.1% |
| Cash at bank and in hand | 54/58 | €3,813 | €9,975 | +€6,162 | +162% |
| Deferred charges and accrued income | 490/1 | €2,387 | - | -€2,387 | |
| Total equity and liabilities | 10/49 | €520,045 | €578,809 | +€58,764 | +11.3% |
| Equity | 10/15 | -€286,933 | -€252,376 | +€34,557 | +12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Revaluation surpluses | 12 | €14,450 | €14,450 | = | 0.0% |
| Reserves | 13 | €36,618 | €36,618 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €36,618 | €34,758 | -€1,860 | -5.1% |
| Profit (loss) carried forward | 14 | -€356,601 | -€322,044 | +€34,557 | +9.7% |
| Amounts payable | 17/49 | €806,978 | €831,185 | +€24,207 | +3.0% |
| Amounts payable after more than one year | 17 | €12,650 | - | -€12,650 | |
| Financial debts | 170/4 | €12,650 | - | -€12,650 | |
| Amounts payable within one year | 42/48 | €794,328 | €831,185 | +€36,857 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €13,900 | €12,650 | -€1,250 | -9.0% |
| Trade debts | 44 | €727,969 | €802,903 | +€74,934 | +10.3% |
| Suppliers | 440/4 | €727,969 | €802,903 | +€74,934 | +10.3% |
| Taxes, remuneration and social security | 45 | €42,194 | €14,326 | -€27,868 | -66.0% |
| Taxes | 450/3 | €34,767 | €3,311 | -€31,456 | -90.5% |
| Remuneration and social security | 454/9 | €7,427 | €11,015 | +€3,588 | +48.3% |
| Other amounts payable | 47/48 | €10,265 | €1,306 | -€8,959 | -87.3% |
| Turnover | 70 | - | €2,658,354 | +€2.7m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,515,302 | +€2.5m | |
| Remuneration, social security and pensions | 62 | €42,029 | €44,656 | +€2,627 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,030 | €16,180 | +€150 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,660 | €60,928 | +€54,267 | +815% |
| Other operating charges | 640/8 | €4,625 | €3,471 | -€1,155 | -25.0% |
| Gross operating margin | 9900 | €22,200 | €166,490 | +€144,290 | +650% |
| Operating profit (loss) | 9901 | -€47,145 | €41,256 | +€88,401 | |
| Financial income | 75/76B | €3,098 | €480 | -€2,618 | -84.5% |
| Recurring financial income | 75 | €3,098 | €480 | -€2,618 | -84.5% |
| Financial charges | 65/66B | €1,901 | €2,658 | +€757 | +39.8% |
| Recurring financial charges | 65 | €1,901 | €2,658 | +€757 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | -€45,948 | €39,078 | +€85,025 | |
| Income taxes | 67/77 | -€0 | €4,521 | +€4,521 | |
| Profit (loss) for the period | 9904 | -€45,947 | €34,557 | +€80,504 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,947 | €34,557 | +€80,504 |
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 13 October 2026 via checked.be.