ROBERDO: 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.
ROBERDO
Largest movements
- Receivables within one year -€125,433
down €125,433 (-65.7%), from €191,000 to €65,567
of which Trade receivables: -€117,538
- Tangible fixed assets -€77,619
down €77,619 (-29.4%), from €264,339 to €186,719
of which Leasing and similar rights: -€106,619
- Cash -€76,204
down €76,204 (-5.0%), from €1.5m to €1.4m
mainly Accrued charges and deferred income (-€107,729) and Other debts (-€90,085)
- Accrued charges and deferred income -€107,729
down €107,729 (-96.9%), from €111,200 to €3,471
- Other debts -€90,085
down €90,085 (-45.9%), from €196,336 to €106,251
- Current portion of long-term debt -€77,126
down €77,126 (-64.1%), from €120,269 to €43,143
- Reserves +€61,866
up €61,866 (+4.7%), from €1.3m to €1.4m
of which Distributable reserves: +€61,866
- Debts after one year -€43,143
down €43,143 (-100.0%), from €43,143 to €0
- Gross operating margin -€219,900
down €219,900 (-25.6%), from €860,337 to €640,437
- Staff costs -€38,582
down €38,582 (-12.4%), from €311,813 to €273,231
- Financial income -€25,727
down €25,727 (-80.8%), from €31,828 to €6,101
- Financial charges +€20,482
up €20,482 (+90.7%), from €22,582 to €43,064
- Taxes -€10,041
down €10,041 (-13.5%), from €74,474 to €64,432
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 | €2,381,483 | €2,092,422 | -€289,061 | -12.1% |
| Fixed assets | 21/28 | €265,434 | €187,815 | -€77,619 | -29.2% |
| Tangible fixed assets | 22/27 | €264,339 | €186,719 | -€77,619 | -29.4% |
| Plant, machinery and equipment | 23 | €10,070 | €36,385 | +€26,315 | +261.3% |
| Furniture and vehicles | 24 | €46,585 | €46,993 | +€408 | +0.9% |
| Leasing and similar rights | 25 | €187,013 | €80,393 | -€106,619 | -57.0% |
| Other tangible fixed assets | 26 | €20,672 | €22,948 | +€2,276 | +11.0% |
| Financial fixed assets | 28 | €1,095 | €1,095 | = | 0.0% |
| Current assets | 29/58 | €2,116,049 | €1,904,607 | -€211,442 | -10.0% |
| Stocks and contracts in progress | 3 | €127,021 | €118,506 | -€8,515 | -6.7% |
| Stocks | 30/36 | €38,171 | €32,845 | -€5,325 | -14.0% |
| Contracts in progress | 37 | €88,851 | €85,661 | -€3,190 | -3.6% |
| Amounts receivable within one year | 40/41 | €191,000 | €65,567 | -€125,433 | -65.7% |
| Trade receivables | 40 | €161,959 | €44,420 | -€117,538 | -72.6% |
| Other amounts receivable | 41 | €29,041 | €21,147 | -€7,894 | -27.2% |
| Current investments | 50/53 | €259,580 | €259,580 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,524,474 | €1,448,270 | -€76,204 | -5.0% |
| Deferred charges and accrued income | 490/1 | €13,974 | €12,684 | -€1,290 | -9.2% |
| Total equity and liabilities | 10/49 | €2,381,483 | €2,092,422 | -€289,061 | -12.1% |
| Equity | 10/15 | €1,713,568 | €1,775,434 | +€61,866 | +3.6% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €1,313,568 | €1,375,434 | +€61,866 | +4.7% |
| Non-distributable reserves | 130/1 | €7 | €7 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €7 | €7 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,521 | €19,521 | = | 0.0% |
| Distributable reserves | 133 | €1,294,040 | €1,355,905 | +€61,866 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €667,915 | €316,988 | -€350,926 | -52.5% |
| Amounts payable after more than one year | 17 | €43,143 | €0 | -€43,143 | -100.0% |
| Financial debts | 170/4 | €43,143 | €0 | -€43,143 | -100.0% |
| Amounts payable within one year | 42/48 | €513,572 | €313,518 | -€200,054 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €120,269 | €43,143 | -€77,126 | -64.1% |
| Trade debts | 44 | €133,274 | €105,431 | -€27,844 | -20.9% |
| Suppliers | 440/4 | €133,274 | €105,431 | -€27,844 | -20.9% |
| Taxes, remuneration and social security | 45 | €63,692 | €58,692 | -€5,000 | -7.8% |
| Taxes | 450/3 | €27,378 | €24,551 | -€2,826 | -10.3% |
| Remuneration and social security | 454/9 | €36,314 | €34,141 | -€2,173 | -6.0% |
| Other amounts payable | 47/48 | €196,336 | €106,251 | -€90,085 | -45.9% |
| Accrued charges and deferred income | 492/3 | €111,200 | €3,471 | -€107,729 | -96.9% |
| Remuneration, social security and pensions | 62 | €311,813 | €273,231 | -€38,582 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,870 | €109,366 | -€1,504 | -1.4% |
| Other operating charges | 640/8 | €16,703 | €9,674 | -€7,028 | -42.1% |
| Gross operating margin | 9900 | €860,337 | €640,437 | -€219,900 | -25.6% |
| Operating profit (loss) | 9901 | €420,952 | €248,166 | -€172,786 | -41.0% |
| Financial income | 75/76B | €31,828 | €6,101 | -€25,727 | -80.8% |
| Recurring financial income | 75 | €31,828 | €6,101 | -€25,727 | -80.8% |
| Financial charges | 65/66B | €22,582 | €43,064 | +€20,482 | +90.7% |
| Recurring financial charges | 65 | €22,582 | €43,064 | +€20,482 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | €430,197 | €211,203 | -€218,995 | -50.9% |
| Income taxes | 67/77 | €74,474 | €64,432 | -€10,041 | -13.5% |
| Profit (loss) for the period | 9904 | €355,724 | €146,770 | -€208,953 | -58.7% |
| Profit (loss) for the period to be appropriated | 9905 | €355,724 | €146,770 | -€208,953 | -58.7% |
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 29 September 2026 via checked.be.