ROBERTO: 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.
ROBERTO
Largest movements
- Tangible fixed assets +€64,490
up €64,490 (+117.6%), from €54,859 to €119,348
of which Other tangible fixed assets: +€84,809
- Cash +€3,959
up €3,959 (+566.8%), from €698 to €4,658
mainly Other debts (+€40,634) and Tax, wage and social debts (+€23,275)
- Deferred charges and accrued income +€2,969
up €2,969 (+61.6%), from €4,821 to €7,790
- Other debts +€40,634
up €40,634 (+1595.8%), from €2,546 to €43,180
- Tax, wage and social debts +€23,275
up €23,275 (+209.4%), from €11,113 to €34,388
of which Taxes: +€15,603
- Profit (loss) carried forward -€19,570
down €19,570 (-48.1%), from -€40,649 to -€60,219
- Trade debts +€11,935
up €11,935 (+64.5%), from €18,511 to €30,445
- Debts after one year +€11,566
up €11,566 (+46.2%), from €25,058 to €36,624
- Gross operating margin +€12,501
up €12,501 (+8.7%), from €144,306 to €156,807
- Staff costs +€5,057
up €5,057 (+3.4%), from €147,289 to €152,346
- Depreciation +€1,876
up €1,876 (+22.2%), from €8,459 to €10,336
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 | €72,306 | €145,220 | +€72,913 | +100.8% |
| Fixed assets | 21/28 | €54,859 | €119,348 | +€64,490 | +117.6% |
| Tangible fixed assets | 22/27 | €54,859 | €119,348 | +€64,490 | +117.6% |
| Land and buildings | 22 | €33,796 | €30,548 | -€3,248 | -9.6% |
| Plant, machinery and equipment | 23 | €2,348 | €908 | -€1,440 | -61.3% |
| Furniture and vehicles | 24 | €3,436 | €3,083 | -€353 | -10.3% |
| Other tangible fixed assets | 26 | - | €84,809 | +€84,809 | |
| Assets under construction and advance payments | 27 | €15,278 | - | -€15,278 | |
| Current assets | 29/58 | €17,448 | €25,871 | +€8,424 | +48.3% |
| Stocks and contracts in progress | 3 | €4,574 | €5,027 | +€454 | +9.9% |
| Stocks | 30/36 | €4,574 | €5,027 | +€454 | +9.9% |
| Amounts receivable within one year | 40/41 | €7,355 | €8,397 | +€1,042 | +14.2% |
| Trade receivables | 40 | €1,530 | €2,604 | +€1,074 | +70.2% |
| Other amounts receivable | 41 | €5,825 | €5,793 | -€32 | -0.5% |
| Cash at bank and in hand | 54/58 | €698 | €4,658 | +€3,959 | +566.8% |
| Deferred charges and accrued income | 490/1 | €4,821 | €7,790 | +€2,969 | +61.6% |
| Total equity and liabilities | 10/49 | €72,306 | €145,220 | +€72,913 | +100.8% |
| Equity | 10/15 | -€6,564 | -€26,134 | -€19,570 | -298.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Outside capital | 11 | €30,987 | €30,987 | = | 0.0% |
| Other | 1109/19 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,649 | -€60,219 | -€19,570 | -48.1% |
| Amounts payable | 17/49 | €78,870 | €171,353 | +€92,484 | +117.3% |
| Amounts payable after more than one year | 17 | €25,058 | €36,624 | +€11,566 | +46.2% |
| Financial debts | 170/4 | €25,058 | €36,624 | +€11,566 | +46.2% |
| Amounts payable within one year | 42/48 | €53,732 | €134,729 | +€80,997 | +150.7% |
| Current portion of amounts payable after more than one year | 42 | €18,329 | €26,038 | +€7,709 | +42.1% |
| Financial debts | 43 | €3,232 | €677 | -€2,555 | -79.1% |
| Credit institutions | 430/8 | €3,232 | €677 | -€2,555 | -79.1% |
| Trade debts | 44 | €18,511 | €30,445 | +€11,935 | +64.5% |
| Suppliers | 440/4 | €18,511 | €30,445 | +€11,935 | +64.5% |
| Taxes, remuneration and social security | 45 | €11,113 | €34,388 | +€23,275 | +209.4% |
| Taxes | 450/3 | €1,330 | €16,933 | +€15,603 | +1172.9% |
| Remuneration and social security | 454/9 | €9,783 | €17,455 | +€7,672 | +78.4% |
| Other amounts payable | 47/48 | €2,546 | €43,180 | +€40,634 | +1595.8% |
| Accrued charges and deferred income | 492/3 | €79 | - | -€79 | |
| Non-recurring operating income | 76A | €926 | €1,694 | +€768 | +82.9% |
| Remuneration, social security and pensions | 62 | €147,289 | €152,346 | +€5,057 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,459 | €10,336 | +€1,876 | +22.2% |
| Other operating charges | 640/8 | €8,420 | €8,804 | +€383 | +4.6% |
| Non-recurring operating charges | 66A | €0 | €498 | +€498 | +2488250.0% |
| Gross operating margin | 9900 | €144,306 | €156,807 | +€12,501 | +8.7% |
| Operating profit (loss) | 9901 | -€19,863 | -€15,176 | +€4,687 | +23.6% |
| Financial charges | 65/66B | €2,980 | €4,200 | +€1,220 | +41.0% |
| Recurring financial charges | 65 | €2,980 | €4,200 | +€1,220 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,843 | -€19,376 | +€3,466 | +15.2% |
| Income taxes | 67/77 | €163 | €194 | +€31 | +18.8% |
| Profit (loss) for the period | 9904 | -€23,006 | -€19,570 | +€3,436 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,006 | -€19,570 | +€3,436 | +14.9% |
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 3 October 2026 via checked.be.