ROBETH: 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.
ROBETH
Largest movements
- Tangible fixed assets +€214,544
up €214,544 (+675%), from €31,777 to €246,321
of which Land and buildings: +€229,990
- Cash -€109,684
down €109,684 (-83.4%), from €131,530 to €21,846
mainly Investment in fixed assets (net) (-€235,487) and Receivables within one year (-€49,715)
- Receivables within one year +€49,715
up €49,715 (+1,547%), from €3,214 to €52,929
of which Trade receivables: +€49,125
- Profit (loss) carried forward +€82,353
up €82,353 (+83.7%), from €98,347 to €180,700
- Other debts +€80,168
up €80,168 (+334%), from €23,989 to €104,157
- Trade debts -€7,520
down €7,520 (-99.7%), from €7,545 to €24
- Gross operating margin +€96,672
up €96,672 (+219%), from €44,211 to €140,883
- Taxes +€26,226
up €26,226 (+456%), from €5,752 to €31,978
- Depreciation +€11,741
up €11,741 (+128%), from €9,202 to €20,943
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 | €173,206 | €327,781 | +€154,575 | +89.2% |
| Fixed assets | 21/28 | €38,342 | €252,886 | +€214,544 | +560% |
| Tangible fixed assets | 22/27 | €31,777 | €246,321 | +€214,544 | +675% |
| Land and buildings | 22 | - | €229,990 | +€229,990 | |
| Plant, machinery and equipment | 23 | €4,163 | €186 | -€3,977 | -95.5% |
| Furniture and vehicles | 24 | €24,120 | €16,145 | -€7,976 | -33.1% |
| Other tangible fixed assets | 26 | €3,494 | - | -€3,494 | |
| Financial fixed assets | 28 | €6,565 | €6,565 | = | 0.0% |
| Current assets | 29/58 | €134,864 | €74,895 | -€59,969 | -44.5% |
| Stocks and contracts in progress | 3 | €120 | €120 | = | 0.0% |
| Stocks | 30/36 | €120 | €120 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,214 | €52,929 | +€49,715 | +1,547% |
| Trade receivables | 40 | €875 | €50,000 | +€49,125 | +5,614% |
| Other amounts receivable | 41 | €2,339 | €2,929 | +€590 | +25.2% |
| Cash at bank and in hand | 54/58 | €131,530 | €21,846 | -€109,684 | -83.4% |
| Total equity and liabilities | 10/49 | €173,206 | €327,781 | +€154,575 | +89.2% |
| Equity | 10/15 | €114,747 | €197,100 | +€82,353 | +71.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,347 | €180,700 | +€82,353 | +83.7% |
| Amounts payable | 17/49 | €58,459 | €130,681 | +€72,222 | +124% |
| Amounts payable after more than one year | 17 | €16,500 | €16,500 | = | 0.0% |
| Financial debts | 170/4 | €16,500 | €16,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €41,959 | €114,181 | +€72,222 | +172% |
| Trade debts | 44 | €7,545 | €24 | -€7,520 | -99.7% |
| Suppliers | 440/4 | €7,545 | €24 | -€7,520 | -99.7% |
| Taxes, remuneration and social security | 45 | €10,425 | €10,000 | -€425 | -4.1% |
| Remuneration and social security | 454/9 | €10,425 | €10,000 | -€425 | -4.1% |
| Other amounts payable | 47/48 | €23,989 | €104,157 | +€80,168 | +334% |
| Remuneration, social security and pensions | 62 | €3,820 | €2,722 | -€1,098 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,202 | €20,943 | +€11,741 | +128% |
| Other operating charges | 640/8 | €2,861 | €1,917 | -€944 | -33.0% |
| Gross operating margin | 9900 | €44,211 | €140,883 | +€96,672 | +219% |
| Operating profit (loss) | 9901 | €28,328 | €115,300 | +€86,972 | +307% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,316 | €969 | -€347 | -26.3% |
| Recurring financial charges | 65 | €1,316 | €969 | -€347 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €27,012 | €114,331 | +€87,319 | +323% |
| Income taxes | 67/77 | €5,752 | €31,978 | +€26,226 | +456% |
| Profit (loss) for the period | 9904 | €21,260 | €82,353 | +€61,093 | +287% |
| Profit (loss) for the period to be appropriated | 9905 | €21,260 | €82,353 | +€61,093 | +287% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.