ROBELGA: what changed
What changed
ROBELGA
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · €719,381+€2.4m
Equity
€68.5m
2024 · €65.3m+€3.1m
Cash
€350,993
2024 · €683,422-€332,429
Balance sheet total
€119.0m
2024 · €69.7m+€49.3m
Largest movements
Assets
- Financial fixed assets +€51.6m
up €51.6m (+149%), from €34.5m to €86.1m
- Current investments -€1.6m
down €1.6m (-4.8%), from €33.1m to €31.5m
Equity and liabilities
- Other debts +€46.0m
up €46.0m (+1,082%), from €4.3m to €50.3m
- Profit (loss) carried forward +€3.1m
up €3.1m (+16.1%), from €19.3m to €22.4m
Income statement
- Financial income +€4.5m
up €4.5m (+220%), from €2.1m to €6.6m
- Financial charges +€1.3m
up €1.3m (+74.5%), from €1.8m to €3.1m
of which Non-recurring financial charges: +€1.3m
- Gross operating margin -€443,732
down €443,732 (-98.1%), from €452,405 to €8,672
- Taxes +€199,832
new in 2025: €199,832
- Other operating charges +€153,507
new in 2025: €153,507
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€719,381
Gross operating margin
-€443,732
Depreciation
+€140
Other operating charges
-€153,507
Financial income
+€4.5m
Financial charges
-€1.3m
Taxes
-€199,832
Result 2025
€3.1m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€49.3m
Investment
-€49.6m
Financing
-€992
Cash 2024
€683,422
From operations (derived)
+€49.3m
Net result for the year
+€3.1m
Smaller working-capital items
-€60,854
Tax, wage and social debts
+€196,100
Other debts
+€46.0m
Investment (derived)
-€49.6m
Investment in fixed assets (net)
-€51.2m
Current investments
+€1.6m
Financing
-€992
Short-term financial debts
-€992
Cash 2025
€350,993
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,655,228 | €118,991,580 | +€49.3m | +70.8% |
| Fixed assets | 21/28 | €34,905,226 | €86,108,392 | +€51.2m | +147% |
| Tangible fixed assets | 22/27 | €395,260 | €7,300 | -€387,960 | -98.2% |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Other tangible fixed assets | 26 | €395,260 | €7,300 | -€387,960 | -98.2% |
| Financial fixed assets | 28 | €34,509,966 | €86,101,092 | +€51.6m | +149% |
| Current assets | 29/58 | €34,750,002 | €32,883,187 | -€1.9m | -5.4% |
| Amounts receivable within one year | 40/41 | €944,890 | €1,012,503 | +€67,613 | +7.2% |
| Other amounts receivable | 41 | €944,890 | €1,012,503 | +€67,613 | +7.2% |
| Current investments | 50/53 | €33,120,171 | €31,519,369 | -€1.6m | -4.8% |
| Cash at bank and in hand | 54/58 | €683,422 | €350,993 | -€332,429 | -48.6% |
| Deferred charges and accrued income | 490/1 | €1,518 | €323 | -€1,196 | -78.8% |
| Total equity and liabilities | 10/49 | €69,655,228 | €118,991,580 | +€49.3m | +70.8% |
| Equity | 10/15 | €65,340,106 | €68,450,906 | +€3.1m | +4.8% |
| Contributions | 10/11 | €45,800,000 | €45,800,000 | = | 0.0% |
| Reserves | 13 | €226,000 | €226,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €226,000 | €226,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €226,000 | €226,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,314,106 | €22,424,906 | +€3.1m | +16.1% |
| Amounts payable | 17/49 | €4,315,122 | €50,540,674 | +€46.2m | +1,071% |
| Amounts payable within one year | 42/48 | €4,315,122 | €50,540,674 | +€46.2m | +1,071% |
| Financial debts | 43 | €992 | - | -€992 | |
| Credit institutions | 430/8 | €992 | - | -€992 | |
| Trade debts | 44 | €53,510 | €59,073 | +€5,563 | +10.4% |
| Suppliers | 440/4 | €53,510 | €59,073 | +€5,563 | +10.4% |
| Taxes, remuneration and social security | 45 | €7,949 | €204,049 | +€196,100 | +2,467% |
| Taxes | 450/3 | €7,949 | €204,049 | +€196,100 | +2,467% |
| Other amounts payable | 47/48 | €4,252,671 | €50,277,553 | +€46.0m | +1,082% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140 | - | -€140 | |
| Other operating charges | 640/8 | - | €153,507 | +€153,507 | |
| Gross operating margin | 9900 | €452,405 | €8,672 | -€443,732 | -98.1% |
| Operating profit (loss) | 9901 | €452,264 | -€144,835 | -€597,099 | |
| Financial income | 75/76B | €2,054,995 | €6,575,545 | +€4.5m | +220% |
| Recurring financial income | 75 | €2,054,995 | €6,575,545 | +€4.5m | +220% |
| Financial charges | 65/66B | €1,787,878 | €3,120,078 | +€1.3m | +74.5% |
| Recurring financial charges | 65 | €1,291,097 | €1,365,627 | +€74,530 | +5.8% |
| Non-recurring financial charges | 66B | €496,781 | €1,754,450 | +€1.3m | +253% |
| Profit (loss) for the period before taxes | 9903 | €719,381 | €3,310,632 | +€2.6m | +360% |
| Income taxes | 67/77 | - | €199,832 | +€199,832 | |
| Profit (loss) for the period | 9904 | €719,381 | €3,110,800 | +€2.4m | +332% |
| Profit (loss) for the period to be appropriated | 9905 | €719,381 | €3,110,800 | +€2.4m | +332% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.