ROBERT Aubry: 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.
ROBERT Aubry
Largest movements
- Cash +€148,594
up €148,594 (+48.2%), from €308,476 to €457,069
mainly Net result for the year (+€146,800) and Other debts (+€47,374)
- Tangible fixed assets -€37,674
down €37,674 (-3.6%), from €1.1m to €1.0m
of which Land and buildings: -€26,495
- Receivables within one year -€26,844
down €26,844 (-91.8%), from €29,234 to €2,390
- Other debts +€47,374
up €47,374 (+69.9%), from €67,748 to €115,122
- Debts after one year -€37,024
down €37,024 (-3.9%), from €945,951 to €908,927
- Reserves +€31,678
up €31,678 (+4.9%), from €652,197 to €683,875
- Tax, wage and social debts +€21,559
up €21,559 (+445.7%), from €4,837 to €26,396
- Depreciation -€130,034
down €130,034 (-76.1%), from €170,957 to €40,924
- Taxes +€46,261
up €46,261 (+221.7%), from €20,863 to €67,124
- Gross operating margin +€45,368
up €45,368 (+18.9%), from €240,373 to €285,741
- Financial charges +€27,686
up €27,686 (+1098.3%), from €2,521 to €30,207
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 | €1,725,944 | €1,792,480 | +€66,536 | +3.9% |
| Fixed assets | 21/28 | €1,059,972 | €1,022,298 | -€37,674 | -3.6% |
| Tangible fixed assets | 22/27 | €1,059,972 | €1,022,298 | -€37,674 | -3.6% |
| Land and buildings | 22 | €1,028,416 | €1,001,921 | -€26,495 | -2.6% |
| Plant, machinery and equipment | 23 | - | €2,931 | +€2,931 | |
| Furniture and vehicles | 24 | €11,605 | €4,956 | -€6,649 | -57.3% |
| Other tangible fixed assets | 26 | €19,950 | €12,490 | -€7,460 | -37.4% |
| Current assets | 29/58 | €665,972 | €770,182 | +€104,210 | +15.6% |
| Amounts receivable within one year | 40/41 | €29,234 | €2,390 | -€26,844 | -91.8% |
| Other amounts receivable | 41 | €29,234 | €2,390 | -€26,844 | -91.8% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €308,476 | €457,069 | +€148,594 | +48.2% |
| Deferred charges and accrued income | 490/1 | €28,263 | €10,723 | -€17,540 | -62.1% |
| Total equity and liabilities | 10/49 | €1,725,944 | €1,792,480 | +€66,536 | +3.9% |
| Equity | 10/15 | €670,797 | €702,475 | +€31,678 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €652,197 | €683,875 | +€31,678 | +4.9% |
| Distributable reserves | 133 | €652,197 | €683,875 | +€31,678 | +4.9% |
| Amounts payable | 17/49 | €1,055,146 | €1,090,005 | +€34,858 | +3.3% |
| Amounts payable after more than one year | 17 | €945,951 | €908,927 | -€37,024 | -3.9% |
| Financial debts | 170/4 | €945,951 | €908,927 | -€37,024 | -3.9% |
| Amounts payable within one year | 42/48 | €109,195 | €181,078 | +€71,882 | +65.8% |
| Current portion of amounts payable after more than one year | 42 | €35,909 | €37,024 | +€1,115 | +3.1% |
| Trade debts | 44 | €701 | €2,536 | +€1,835 | +261.7% |
| Suppliers | 440/4 | €701 | €2,536 | +€1,835 | +261.7% |
| Taxes, remuneration and social security | 45 | €4,837 | €26,396 | +€21,559 | +445.7% |
| Taxes | 450/3 | €4,837 | €26,396 | +€21,559 | +445.7% |
| Other amounts payable | 47/48 | €67,748 | €115,122 | +€47,374 | +69.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,957 | €40,924 | -€130,034 | -76.1% |
| Other operating charges | 640/8 | €2,950 | €3,197 | +€247 | +8.4% |
| Gross operating margin | 9900 | €240,373 | €285,741 | +€45,368 | +18.9% |
| Operating profit (loss) | 9901 | €66,466 | €241,621 | +€175,155 | +263.5% |
| Financial income | 75/76B | €5,289 | €2,510 | -€2,779 | -52.5% |
| Recurring financial income | 75 | €5,289 | €2,510 | -€2,779 | -52.5% |
| Financial charges | 65/66B | €2,521 | €30,207 | +€27,686 | +1098.3% |
| Recurring financial charges | 65 | €2,521 | €30,207 | +€27,686 | +1098.3% |
| Profit (loss) for the period before taxes | 9903 | €69,234 | €213,924 | +€144,690 | +209.0% |
| Income taxes | 67/77 | €20,863 | €67,124 | +€46,261 | +221.7% |
| Profit (loss) for the period | 9904 | €48,370 | €146,800 | +€98,429 | +203.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,370 | €146,800 | +€98,429 | +203.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.