ROBELI: 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.
ROBELI
Largest movements
- Financial fixed assets +€1.9m
up €1.9m (+4.5%), from €43.0m to €45.0m
- Cash -€820,582
down €820,582 (-68.7%), from €1.2m to €372,993
mainly Investment in fixed assets (net) (-€2.4m) and Receivables within one year (-€686,001)
- Receivables within one year +€686,001
up €686,001 (+43.1%), from €1.6m to €2.3m
of which Other amounts receivable: +€688,099
- Debts after one year +€2.1m
up €2.1m (+13.0%), from €15.8m to €17.8m
- Financial income -€574,352
down €574,352 (-41.4%), from €1.4m to €813,461
of which Financial income: -€574,352
- Financial charges -€114,484
down €114,484 (-25.5%), from €449,386 to €334,902
of which Non-recurring financial charges: -€186,000
- Other operating charges +€6,377
up €6,377 (+514.2%), from €1,240 to €7,617
- Gross operating margin -€1,476
down €1,476 (-6.5%), from -€22,623 to -€24,099
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 | €46,361,476 | €48,629,059 | +€2.3m | +4.9% |
| Fixed assets | 21/28 | €43,557,110 | €45,962,029 | +€2.4m | +5.5% |
| Tangible fixed assets | 22/27 | €524,980 | €981,601 | +€456,621 | +87.0% |
| Assets under construction and advance payments | 27 | €524,980 | €981,601 | +€456,621 | +87.0% |
| Financial fixed assets | 28 | €43,032,130 | €44,980,428 | +€1.9m | +4.5% |
| Current assets | 29/58 | €2,804,366 | €2,667,030 | -€137,335 | -4.9% |
| Amounts receivable within one year | 40/41 | €1,590,738 | €2,276,739 | +€686,001 | +43.1% |
| Trade receivables | 40 | €2,098 | €0 | -€2,098 | -100.0% |
| Other amounts receivable | 41 | €1,588,640 | €2,276,739 | +€688,099 | +43.3% |
| Cash at bank and in hand | 54/58 | €1,193,575 | €372,993 | -€820,582 | -68.7% |
| Deferred charges and accrued income | 490/1 | €20,052 | €17,298 | -€2,754 | -13.7% |
| Total equity and liabilities | 10/49 | €46,361,476 | €48,629,059 | +€2.3m | +4.9% |
| Equity | 10/15 | €29,852,538 | €30,299,381 | +€446,843 | +1.5% |
| Contributions | 10/11 | €22,500,000 | €22,500,000 | = | 0.0% |
| Reserves | 13 | €7,352,400 | €7,798,400 | +€446,000 | +6.1% |
| Distributable reserves | 133 | €7,352,400 | €7,798,400 | +€446,000 | +6.1% |
| Profit (loss) carried forward | 14 | €138 | €981 | +€843 | +609.4% |
| Amounts payable | 17/49 | €16,508,938 | €18,329,678 | +€1.8m | +11.0% |
| Amounts payable after more than one year | 17 | €15,782,672 | €17,833,118 | +€2.1m | +13.0% |
| Other amounts payable | 178/9 | €15,782,672 | €17,833,118 | +€2.1m | +13.0% |
| Amounts payable within one year | 42/48 | €11,661 | €250,000 | +€238,339 | +2043.9% |
| Trade debts | 44 | €11,661 | €0 | -€11,661 | -100.0% |
| Suppliers | 440/4 | €11,661 | €0 | -€11,661 | -100.0% |
| Other amounts payable | 47/48 | €0 | €250,000 | +€250,000 | |
| Accrued charges and deferred income | 492/3 | €714,605 | €246,560 | -€468,045 | -65.5% |
| Other operating charges | 640/8 | €1,240 | €7,617 | +€6,377 | +514.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€22,623 | -€24,099 | -€1,476 | -6.5% |
| Operating profit (loss) | 9901 | -€23,863 | -€31,716 | -€7,853 | -32.9% |
| Financial income | 75/76B | €1,387,812 | €813,461 | -€574,352 | -41.4% |
| Recurring financial income | 75 | €1,387,812 | €813,461 | -€574,352 | -41.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €449,386 | €334,902 | -€114,484 | -25.5% |
| Recurring financial charges | 65 | €256,386 | €327,902 | +€71,516 | +27.9% |
| Non-recurring financial charges | 66B | €193,000 | €7,000 | -€186,000 | -96.4% |
| Profit (loss) for the period before taxes | 9903 | €914,563 | €446,843 | -€467,720 | -51.1% |
| Profit (loss) for the period | 9904 | €914,563 | €446,843 | -€467,720 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €914,563 | €446,843 | -€467,720 | -51.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.