Robert-Tourneur: what changed
Two financial 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-Tourneur
Largest movements
- Stocks and contracts +€134,456
new in 2025: €134,456
- Tangible fixed assets +€74,196
up €74,196 (+20.5%), from €361,850 to €436,045
of which Land and buildings: +€64,451
- Receivables within one year +€70,521
up €70,521 (+1,595%), from €4,421 to €74,942
of which Other amounts receivable: +€37,686
- Deferred charges and accrued income +€61,784
new in 2025: €61,784
- Cash +€55,494
up €55,494 (+150%), from €36,957 to €92,451
mainly Trade debts (+€323,909) and Other debts (+€141,209)
- Trade debts +€323,909
up €323,909 (+8,216%), from €3,942 to €327,851
- Other debts +€141,209
up €141,209 (+73.4%), from €192,431 to €333,640
- Profit (loss) carried forward -€49,643
down €49,643 (-119%), from -€41,666 to -€91,309
- Current portion of long-term debt -€20,848
down €20,848 (-56.3%), from €37,043 to €16,195
- Gross operating margin +€150,831
up €150,831, from -€91,203 to €59,628
- Write-downs +€107,791
no longer reported in 2025 (was -€107,791)
- Staff costs +€42,169
up €42,169 (+2,077%), from €2,030 to €44,199
- Depreciation +€24,850
up €24,850 (+93.6%), from €26,545 to €51,395
- Financial income -€11,430
down €11,430 (-99.6%), from €11,480 to €50
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.
Derived cash bridge
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 | €403,227 | €799,679 | +€396,452 | +98.3% |
| Fixed assets | 21/28 | €361,850 | €436,045 | +€74,196 | +20.5% |
| Tangible fixed assets | 22/27 | €361,850 | €436,045 | +€74,196 | +20.5% |
| Land and buildings | 22 | €352,466 | €416,917 | +€64,451 | +18.3% |
| Plant, machinery and equipment | 23 | €9,384 | €19,128 | +€9,745 | +104% |
| Current assets | 29/58 | €41,378 | €363,634 | +€322,256 | +779% |
| Stocks and contracts in progress | 3 | - | €134,456 | +€134,456 | |
| Stocks | 30/36 | - | €134,456 | +€134,456 | |
| Amounts receivable within one year | 40/41 | €4,421 | €74,942 | +€70,521 | +1,595% |
| Trade receivables | 40 | - | €32,836 | +€32,836 | |
| Other amounts receivable | 41 | €4,421 | €42,107 | +€37,686 | +852% |
| Cash at bank and in hand | 54/58 | €36,957 | €92,451 | +€55,494 | +150% |
| Deferred charges and accrued income | 490/1 | - | €61,784 | +€61,784 | |
| Total equity and liabilities | 10/49 | €403,227 | €799,679 | +€396,452 | +98.3% |
| Equity | 10/15 | €26,534 | -€23,109 | -€49,643 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,666 | -€91,309 | -€49,643 | -119% |
| Amounts payable | 17/49 | €376,693 | €822,788 | +€446,094 | +118% |
| Amounts payable after more than one year | 17 | €141,089 | €141,089 | = | 0.0% |
| Financial debts | 170/4 | €141,089 | €141,089 | = | 0.0% |
| Amounts payable within one year | 42/48 | €235,604 | €681,699 | +€446,094 | +189% |
| Current portion of amounts payable after more than one year | 42 | €37,043 | €16,195 | -€20,848 | -56.3% |
| Financial debts | 43 | €2,042 | - | -€2,042 | |
| Credit institutions | 430/8 | €2,042 | - | -€2,042 | |
| Trade debts | 44 | €3,942 | €327,851 | +€323,909 | +8,216% |
| Suppliers | 440/4 | €3,942 | €327,851 | +€323,909 | +8,216% |
| Taxes, remuneration and social security | 45 | €147 | €4,013 | +€3,866 | +2,638% |
| Taxes | 450/3 | €147 | - | -€147 | |
| Remuneration and social security | 454/9 | - | €4,013 | +€4,013 | |
| Other amounts payable | 47/48 | €192,431 | €333,640 | +€141,209 | +73.4% |
| Non-recurring operating income | 76A | €8,288 | - | -€8,288 | |
| Remuneration, social security and pensions | 62 | €2,030 | €44,199 | +€42,169 | +2,077% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,545 | €51,395 | +€24,850 | +93.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€107,791 | - | +€107,791 | |
| Other operating charges | 640/8 | €7,707 | €6,402 | -€1,304 | -16.9% |
| Gross operating margin | 9900 | -€91,203 | €59,628 | +€150,831 | |
| Operating profit (loss) | 9901 | -€19,694 | -€42,368 | -€22,674 | -115% |
| Financial income | 75/76B | €11,480 | €50 | -€11,430 | -99.6% |
| Recurring financial income | 75 | €11,480 | €50 | -€11,430 | -99.6% |
| Financial charges | 65/66B | €4,880 | €7,614 | +€2,734 | +56.0% |
| Recurring financial charges | 65 | €4,880 | €7,614 | +€2,734 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,094 | -€49,932 | -€36,838 | -281% |
| Income taxes | 67/77 | €437 | -€289 | -€726 | |
| Profit (loss) for the period | 9904 | -€13,531 | -€49,643 | -€36,112 | -267% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,531 | -€49,643 | -€36,112 | -267% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.