Robby Fish: 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.
Robby Fish
Largest movements
- Tangible fixed assets +€35,204
up €35,204 (+29.6%), from €118,803 to €154,007
of which Furniture and vehicles: +€50,909
- Receivables within one year -€17,354
down €17,354 (-42.9%), from €40,437 to €23,083
of which Trade receivables: -€23,391
- Stocks and contracts +€9,060
up €9,060 (+2.2%), from €410,953 to €420,014
- Reserves +€72,870
up €72,870 (+28.3%), from €257,774 to €330,644
of which Distributable reserves: +€74,730
- Trade debts -€38,397
down €38,397 (-28.3%), from €135,624 to €97,227
- Other debts -€36,392
down €36,392 (-52.7%), from €69,029 to €32,637
- Debts after one year +€29,549
up €29,549 (+58.1%), from €50,845 to €80,394
- Current portion of long-term debt +€13,942
up €13,942 (+76.6%), from €18,211 to €32,152
- Gross operating margin +€64,594
up €64,594 (+19.2%), from €336,427 to €401,021
- Staff costs +€61,872
up €61,872 (+32.1%), from €192,749 to €254,621
- Taxes +€10,579
up €10,579 (+51.2%), from €20,681 to €31,259
- Financial charges -€9,935
down €9,935 (-38.3%), from €25,970 to €16,035
- Depreciation -€6,545
down €6,545 (-14.6%), from €44,705 to €38,160
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 | €598,509 | €629,278 | +€30,769 | +5.1% |
| Fixed assets | 21/28 | €118,803 | €154,007 | +€35,204 | +29.6% |
| Tangible fixed assets | 22/27 | €118,803 | €154,007 | +€35,204 | +29.6% |
| Land and buildings | 22 | €41,094 | €33,874 | -€7,220 | -17.6% |
| Plant, machinery and equipment | 23 | €12,518 | €4,033 | -€8,486 | -67.8% |
| Furniture and vehicles | 24 | €65,191 | €116,100 | +€50,909 | +78.1% |
| Current assets | 29/58 | €479,706 | €475,271 | -€4,435 | -0.9% |
| Stocks and contracts in progress | 3 | €410,953 | €420,014 | +€9,060 | +2.2% |
| Stocks | 30/36 | €410,953 | €420,014 | +€9,060 | +2.2% |
| Amounts receivable within one year | 40/41 | €40,437 | €23,083 | -€17,354 | -42.9% |
| Trade receivables | 40 | €35,759 | €12,367 | -€23,391 | -65.4% |
| Other amounts receivable | 41 | €4,678 | €10,715 | +€6,037 | +129.1% |
| Cash at bank and in hand | 54/58 | €18,248 | €22,869 | +€4,621 | +25.3% |
| Deferred charges and accrued income | 490/1 | €10,068 | €9,306 | -€762 | -7.6% |
| Total equity and liabilities | 10/49 | €598,509 | €629,278 | +€30,769 | +5.1% |
| Equity | 10/15 | €287,742 | €349,244 | +€61,503 | +21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €257,774 | €330,644 | +€72,870 | +28.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €255,914 | €330,644 | +€74,730 | +29.2% |
| Profit (loss) carried forward | 14 | €11,368 | - | -€11,368 | |
| Amounts payable | 17/49 | €310,767 | €280,034 | -€30,734 | -9.9% |
| Amounts payable after more than one year | 17 | €50,845 | €80,394 | +€29,549 | +58.1% |
| Financial debts | 170/4 | €50,845 | €80,394 | +€29,549 | +58.1% |
| Amounts payable within one year | 42/48 | €259,922 | €199,640 | -€60,282 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €18,211 | €32,152 | +€13,942 | +76.6% |
| Trade debts | 44 | €135,624 | €97,227 | -€38,397 | -28.3% |
| Suppliers | 440/4 | €135,624 | €97,227 | -€38,397 | -28.3% |
| Taxes, remuneration and social security | 45 | €37,058 | €37,623 | +€565 | +1.5% |
| Taxes | 450/3 | €16,126 | €17,423 | +€1,297 | +8.0% |
| Remuneration and social security | 454/9 | €20,932 | €20,201 | -€732 | -3.5% |
| Other amounts payable | 47/48 | €69,029 | €32,637 | -€36,392 | -52.7% |
| Non-recurring operating income | 76A | €2,391 | €920 | -€1,471 | -61.5% |
| Remuneration, social security and pensions | 62 | €192,749 | €254,621 | +€61,872 | +32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,705 | €38,160 | -€6,545 | -14.6% |
| Other operating charges | 640/8 | €7,615 | €6,240 | -€1,375 | -18.1% |
| Gross operating margin | 9900 | €336,427 | €401,021 | +€64,594 | +19.2% |
| Operating profit (loss) | 9901 | €91,358 | €102,000 | +€10,642 | +11.6% |
| Financial income | 75/76B | €3,695 | €6,798 | +€3,103 | +84.0% |
| Recurring financial income | 75 | €3,695 | €6,798 | +€3,103 | +84.0% |
| Financial charges | 65/66B | €25,970 | €16,035 | -€9,935 | -38.3% |
| Recurring financial charges | 65 | €25,970 | €16,035 | -€9,935 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €69,083 | €92,762 | +€23,679 | +34.3% |
| Income taxes | 67/77 | €20,681 | €31,259 | +€10,579 | +51.2% |
| Profit (loss) for the period | 9904 | €48,402 | €61,503 | +€13,100 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,402 | €61,503 | +€13,100 | +27.1% |
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 3 October 2026 via checked.be.