ROBIN: 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.
ROBIN
Largest movements
- Stocks and contracts -€47,550
down €47,550 (-19.9%), from €238,436 to €190,886
- Cash +€18,836
up €18,836 (+88.1%), from €21,392 to €40,228
mainly Stocks and contracts (+€47,550) and Other debts (+€25,155)
- Receivables within one year +€2,873
new in 2025: €2,873
- Trade debts -€53,885
down €53,885 (-76.1%), from €70,834 to €16,949
- Other debts +€25,155
up €25,155 (+23.0%), from €109,176 to €134,331
- Debts after one year +€6,328
new in 2025: €6,328
- Tax, wage and social debts -€4,154
down €4,154 (-38.4%), from €10,816 to €6,662
- Current portion of long-term debt +€3,090
new in 2025: €3,090
- Staff costs +€6,844
up €6,844 (+18.1%), from €37,820 to €44,664
- Gross operating margin -€3,950
down €3,950 (-6.3%), from €62,950 to €59,000
- Taxes -€2,269
down €2,269 (-44.6%), from €5,082 to €2,813
- Depreciation +€1,521
up €1,521 (+23.2%), from €6,569 to €8,090
- Financial charges -€1,195
down €1,195 (-41.8%), from €2,857 to €1,662
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 | €275,275 | €251,874 | -€23,401 | -8.5% |
| Fixed assets | 21/28 | €15,447 | €17,887 | +€2,440 | +15.8% |
| Tangible fixed assets | 22/27 | €9,047 | €11,487 | +€2,440 | +27.0% |
| Plant, machinery and equipment | 23 | €8,449 | €11,487 | +€3,038 | +36.0% |
| Furniture and vehicles | 24 | €598 | - | -€598 | |
| Financial fixed assets | 28 | €6,400 | €6,400 | = | 0.0% |
| Current assets | 29/58 | €259,828 | €233,987 | -€25,841 | -9.9% |
| Stocks and contracts in progress | 3 | €238,436 | €190,886 | -€47,550 | -19.9% |
| Stocks | 30/36 | €238,436 | €190,886 | -€47,550 | -19.9% |
| Amounts receivable within one year | 40/41 | - | €2,873 | +€2,873 | |
| Other amounts receivable | 41 | - | €2,873 | +€2,873 | |
| Cash at bank and in hand | 54/58 | €21,392 | €40,228 | +€18,836 | +88.1% |
| Total equity and liabilities | 10/49 | €275,275 | €251,874 | -€23,401 | -8.5% |
| Equity | 10/15 | €84,449 | €84,514 | +€65 | +0.1% |
| Contributions | 10/11 | €43,200 | €43,200 | = | 0.0% |
| Capital | 10 | €43,200 | €43,200 | = | 0.0% |
| Issued capital | 100 | €43,200 | €43,200 | = | 0.0% |
| Reserves | 13 | €41,249 | €41,314 | +€65 | +0.2% |
| Distributable reserves | 133 | €41,249 | €41,314 | +€65 | +0.2% |
| Amounts payable | 17/49 | €190,826 | €167,360 | -€23,466 | -12.3% |
| Amounts payable after more than one year | 17 | - | €6,328 | +€6,328 | |
| Financial debts | 170/4 | - | €6,328 | +€6,328 | |
| Amounts payable within one year | 42/48 | €190,826 | €161,032 | -€29,794 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,090 | +€3,090 | |
| Trade debts | 44 | €70,834 | €16,949 | -€53,885 | -76.1% |
| Suppliers | 440/4 | €70,834 | €16,949 | -€53,885 | -76.1% |
| Taxes, remuneration and social security | 45 | €10,816 | €6,662 | -€4,154 | -38.4% |
| Taxes | 450/3 | €10,816 | €6,662 | -€4,154 | -38.4% |
| Other amounts payable | 47/48 | €109,176 | €134,331 | +€25,155 | +23.0% |
| Remuneration, social security and pensions | 62 | €37,820 | €44,664 | +€6,844 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,569 | €8,090 | +€1,521 | +23.2% |
| Other operating charges | 640/8 | €2,104 | €1,706 | -€398 | -18.9% |
| Gross operating margin | 9900 | €62,950 | €59,000 | -€3,950 | -6.3% |
| Operating profit (loss) | 9901 | €16,457 | €4,540 | -€11,917 | -72.4% |
| Financial charges | 65/66B | €2,857 | €1,662 | -€1,195 | -41.8% |
| Recurring financial charges | 65 | €2,857 | €1,662 | -€1,195 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €13,600 | €2,878 | -€10,722 | -78.8% |
| Income taxes | 67/77 | €5,082 | €2,813 | -€2,269 | -44.6% |
| Profit (loss) for the period | 9904 | €8,518 | €65 | -€8,453 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,518 | €65 | -€8,453 | -99.2% |
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 5 October 2026 via checked.be.