ROBECA: 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.
ROBECA
Largest movements
- Receivables within one year +€225,148
up €225,148 (+102.1%), from €220,590 to €445,738
of which Trade receivables: +€248,400
- Tangible fixed assets -€84,384
down €84,384 (-51.3%), from €164,650 to €80,266
- Cash -€10,787
down €10,787 (-68.7%), from €15,693 to €4,906
mainly Receivables within one year (-€225,148) and Short-term financial debts (-€26,537)
- Deferred charges and accrued income +€7,034
up €7,034 (+85.0%), from €8,277 to €15,312
- Tax, wage and social debts +€73,713
up €73,713 (+119.8%), from €61,525 to €135,238
of which Remuneration and social security: +€73,798
- Profit (loss) carried forward +€56,794
up €56,794 (+17.7%), from €320,233 to €377,027
- Trade debts +€28,721
up €28,721 (+63.5%), from €45,207 to €73,928
- Short-term financial debts -€26,537
no longer reported in 2025 (was €26,537)
- Staff costs +€109,359
up €109,359 (+16.5%), from €662,836 to €772,195
- Gross operating margin +€69,764
up €69,764 (+8.3%), from €841,059 to €910,824
- Other operating charges +€25,893
up €25,893 (+1167.9%), from €2,217 to €28,110
- Financial income +€20,541
up €20,541 (+546.0%), from €3,762 to €24,303
- Taxes +€9,123
new in 2025: €9,123
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 | €478,936 | €613,185 | +€134,249 | +28.0% |
| Fixed assets | 21/28 | €164,750 | €80,366 | -€84,384 | -51.2% |
| Tangible fixed assets | 22/27 | €164,650 | €80,266 | -€84,384 | -51.3% |
| Land and buildings | 22 | €30,044 | - | -€30,044 | |
| Plant, machinery and equipment | 23 | €95,779 | €80,266 | -€15,513 | -16.2% |
| Furniture and vehicles | 24 | €38,827 | - | -€38,827 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €314,186 | €532,819 | +€218,633 | +69.6% |
| Stocks and contracts in progress | 3 | €69,626 | €66,864 | -€2,762 | -4.0% |
| Stocks | 30/36 | €69,626 | €66,864 | -€2,762 | -4.0% |
| Amounts receivable within one year | 40/41 | €220,590 | €445,738 | +€225,148 | +102.1% |
| Trade receivables | 40 | €172,816 | €421,216 | +€248,400 | +143.7% |
| Other amounts receivable | 41 | €47,774 | €24,522 | -€23,252 | -48.7% |
| Cash at bank and in hand | 54/58 | €15,693 | €4,906 | -€10,787 | -68.7% |
| Deferred charges and accrued income | 490/1 | €8,277 | €15,312 | +€7,034 | +85.0% |
| Total equity and liabilities | 10/49 | €478,936 | €613,185 | +€134,249 | +28.0% |
| Equity | 10/15 | €345,283 | €402,077 | +€56,794 | +16.4% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320,233 | €377,027 | +€56,794 | +17.7% |
| Amounts payable | 17/49 | €133,653 | €211,108 | +€77,455 | +58.0% |
| Amounts payable within one year | 42/48 | €133,268 | €211,108 | +€77,839 | +58.4% |
| Financial debts | 43 | €26,537 | - | -€26,537 | |
| Credit institutions | 430/8 | €26,537 | - | -€26,537 | |
| Trade debts | 44 | €45,207 | €73,928 | +€28,721 | +63.5% |
| Suppliers | 440/4 | €45,207 | €73,928 | +€28,721 | +63.5% |
| Taxes, remuneration and social security | 45 | €61,525 | €135,238 | +€73,713 | +119.8% |
| Taxes | 450/3 | €3,585 | €3,500 | -€85 | -2.4% |
| Remuneration and social security | 454/9 | €57,940 | €131,738 | +€73,798 | +127.4% |
| Other amounts payable | 47/48 | - | €1,942 | +€1,942 | |
| Accrued charges and deferred income | 492/3 | €385 | - | -€385 | |
| Non-recurring operating income | 76A | - | €73,519 | +€73,519 | |
| Remuneration, social security and pensions | 62 | €662,836 | €772,195 | +€109,359 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,361 | €37,683 | -€6,678 | -15.1% |
| Other operating charges | 640/8 | €2,217 | €28,110 | +€25,893 | +1167.9% |
| Non-recurring operating charges | 66A | - | €30,294 | +€30,294 | |
| Gross operating margin | 9900 | €841,059 | €910,824 | +€69,764 | +8.3% |
| Operating profit (loss) | 9901 | €131,645 | €42,542 | -€89,103 | -67.7% |
| Financial income | 75/76B | €3,762 | €24,303 | +€20,541 | +546.0% |
| Recurring financial income | 75 | €3,762 | €24,303 | +€20,541 | +546.0% |
| Financial charges | 65/66B | €1,514 | €929 | -€585 | -38.7% |
| Recurring financial charges | 65 | €1,514 | €929 | -€585 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €133,894 | €65,917 | -€67,977 | -50.8% |
| Income taxes | 67/77 | - | €9,123 | +€9,123 | |
| Profit (loss) for the period | 9904 | €133,894 | €56,794 | -€77,099 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €133,894 | €56,794 | -€77,099 | -57.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.