Robert-Bertin: 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-Bertin
Largest movements
- Cash -€11,243
down €11,243 (-48.6%), from €23,140 to €11,897
mainly Trade debts (-€29,775) and Tax, wage and social debts (-€9,124)
- Receivables within one year -€8,928
down €8,928 (-11.9%), from €75,158 to €66,230
of which Trade receivables: -€32,287
- Tangible fixed assets -€6,186
down €6,186 (-19.0%), from €32,519 to €26,333
of which Other tangible fixed assets: -€4,272
- Trade debts -€29,775
down €29,775 (-39.3%), from €75,705 to €45,930
- Profit (loss) carried forward +€13,206
up €13,206, from -€5,278 to €7,928
- Tax, wage and social debts -€9,124
down €9,124 (-29.2%), from €31,247 to €22,123
of which Taxes: -€10,474
- Gross operating margin +€44,384
up €44,384 (+71.2%), from €62,303 to €106,687
- Depreciation -€11,567
down €11,567 (-65.2%), from €17,753 to €6,186
- Other operating charges +€8,229
up €8,229 (+1257.5%), from €654 to €8,883
- Staff costs +€1,628
up €1,628 (+2.1%), from €75,787 to €77,415
- Financial charges -€1,255
down €1,255 (-55.7%), from €2,252 to €997
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 | €159,142 | €133,448 | -€25,693 | -16.1% |
| Fixed assets | 21/28 | €41,519 | €35,333 | -€6,186 | -14.9% |
| Tangible fixed assets | 22/27 | €32,519 | €26,333 | -€6,186 | -19.0% |
| Plant, machinery and equipment | 23 | €4,013 | €2,099 | -€1,914 | -47.7% |
| Other tangible fixed assets | 26 | €28,506 | €24,235 | -€4,272 | -15.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €117,623 | €98,115 | -€19,507 | -16.6% |
| Stocks and contracts in progress | 3 | €19,325 | €19,988 | +€664 | +3.4% |
| Stocks | 30/36 | €19,325 | €19,988 | +€664 | +3.4% |
| Amounts receivable within one year | 40/41 | €75,158 | €66,230 | -€8,928 | -11.9% |
| Trade receivables | 40 | €68,263 | €35,976 | -€32,287 | -47.3% |
| Other amounts receivable | 41 | €6,895 | €30,254 | +€23,359 | +338.8% |
| Cash at bank and in hand | 54/58 | €23,140 | €11,897 | -€11,243 | -48.6% |
| Total equity and liabilities | 10/49 | €159,142 | €133,448 | -€25,693 | -16.1% |
| Equity | 10/15 | €34,722 | €47,928 | +€13,206 | +38.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,278 | €7,928 | +€13,206 | |
| Amounts payable | 17/49 | €124,420 | €85,520 | -€38,900 | -31.3% |
| Amounts payable within one year | 42/48 | €124,420 | €85,520 | -€38,900 | -31.3% |
| Trade debts | 44 | €75,705 | €45,930 | -€29,775 | -39.3% |
| Suppliers | 440/4 | €75,705 | €45,930 | -€29,775 | -39.3% |
| Taxes, remuneration and social security | 45 | €31,247 | €22,123 | -€9,124 | -29.2% |
| Taxes | 450/3 | €12,479 | €2,005 | -€10,474 | -83.9% |
| Remuneration and social security | 454/9 | €18,768 | €20,117 | +€1,350 | +7.2% |
| Other amounts payable | 47/48 | €17,468 | €17,468 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €75,787 | €77,415 | +€1,628 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,753 | €6,186 | -€11,567 | -65.2% |
| Other operating charges | 640/8 | €654 | €8,883 | +€8,229 | +1257.5% |
| Gross operating margin | 9900 | €62,303 | €106,687 | +€44,384 | +71.2% |
| Operating profit (loss) | 9901 | -€31,892 | €14,203 | +€46,095 | |
| Financial income | 75/76B | €65 | - | -€65 | |
| Recurring financial income | 75 | €65 | - | -€65 | |
| Financial charges | 65/66B | €2,252 | €997 | -€1,255 | -55.7% |
| Recurring financial charges | 65 | €2,252 | €997 | -€1,255 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | -€34,079 | €13,206 | +€47,285 | |
| Profit (loss) for the period | 9904 | -€34,079 | €13,206 | +€47,285 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,079 | €13,206 | +€47,285 |
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 2 October 2026 via checked.be.