ROBEL: 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.
ROBEL
Largest movements
- Tangible fixed assets -€25,010
down €25,010 (-5.2%), from €477,688 to €452,679
of which Land and buildings: -€25,010
- Cash +€19,696
up €19,696 (+353%), from €5,581 to €25,277
mainly Depreciation (+€25,010) and Other debts (+€9,753)
- Deferred charges and accrued income -€7,471
down €7,471 (-63.1%), from €11,849 to €4,378
- Debts after one year -€10,015
down €10,015 (-12.2%), from €82,324 to €72,308
- Other debts +€9,753
up €9,753 (+6.4%), from €151,509 to €161,262
- Gross operating margin -€3,311
down €3,311 (-7.8%), from €42,661 to €39,350
- Financial charges -€1,672
down €1,672 (-11.7%), from €14,345 to €12,673
- Depreciation -€1,580
down €1,580 (-5.9%), from €26,590 to €25,010
- Taxes +€562
new in 2025: €562
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 | €495,118 | €483,022 | -€12,097 | -2.4% |
| Fixed assets | 21/28 | €477,688 | €452,929 | -€24,760 | -5.2% |
| Tangible fixed assets | 22/27 | €477,688 | €452,679 | -€25,010 | -5.2% |
| Land and buildings | 22 | €477,688 | €452,679 | -€25,010 | -5.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €17,430 | €30,093 | +€12,663 | +72.6% |
| Amounts receivable within one year | 40/41 | - | €438 | +€438 | |
| Other amounts receivable | 41 | - | €438 | +€438 | |
| Cash at bank and in hand | 54/58 | €5,581 | €25,277 | +€19,696 | +353% |
| Deferred charges and accrued income | 490/1 | €11,849 | €4,378 | -€7,471 | -63.1% |
| Total equity and liabilities | 10/49 | €495,118 | €483,022 | -€12,097 | -2.4% |
| Equity | 10/15 | €203,334 | €199,666 | -€3,668 | -1.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €133,077 | €129,232 | -€3,844 | -2.9% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,477 | €76,132 | -€6,344 | -7.7% |
| Distributable reserves | 133 | €43,600 | €46,100 | +€2,500 | +5.7% |
| Profit (loss) carried forward | 14 | €257 | €434 | +€177 | +68.8% |
| Provisions and deferred taxes | 16 | €27,492 | €25,377 | -€2,115 | -7.7% |
| Deferred taxes | 168 | €27,492 | €25,377 | -€2,115 | -7.7% |
| Amounts payable | 17/49 | €264,293 | €257,978 | -€6,314 | -2.4% |
| Amounts payable after more than one year | 17 | €82,324 | €72,308 | -€10,015 | -12.2% |
| Financial debts | 170/4 | €82,324 | €72,308 | -€10,015 | -12.2% |
| Amounts payable within one year | 42/48 | €166,385 | €171,277 | +€4,892 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €14,877 | €10,015 | -€4,861 | -32.7% |
| Other amounts payable | 47/48 | €151,509 | €161,262 | +€9,753 | +6.4% |
| Accrued charges and deferred income | 492/3 | €15,583 | €14,393 | -€1,191 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,590 | €25,010 | -€1,580 | -5.9% |
| Other operating charges | 640/8 | €5,695 | €5,821 | +€126 | +2.2% |
| Non-recurring operating charges | 66A | - | €1,067 | +€1,067 | |
| Gross operating margin | 9900 | €42,661 | €39,350 | -€3,311 | -7.8% |
| Operating profit (loss) | 9901 | €10,376 | €7,453 | -€2,924 | -28.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €14,345 | €12,673 | -€1,672 | -11.7% |
| Recurring financial charges | 65 | €14,345 | €12,673 | -€1,672 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,969 | -€5,220 | -€1,252 | -31.5% |
| Transfer from deferred taxes | 780 | €2,115 | €2,115 | = | 0.0% |
| Income taxes | 67/77 | - | €562 | +€562 | |
| Profit (loss) for the period | 9904 | -€1,854 | -€3,668 | -€1,814 | -97.8% |
| Transfer from tax-exempt reserves | 789 | €6,344 | €6,344 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,491 | €2,677 | -€1,814 | -40.4% |
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 16 October 2026 via checked.be.