Robin De Roeck: 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.
Robin De Roeck
Largest movements
- Tangible fixed assets +€11,824
new in 2025: €11,824
of which Furniture and vehicles: +€11,090
- Cash +€5,971
up €5,971 (+131%), from €4,570 to €10,541
mainly Net result for the year (+€22,628) and Tax, wage and social debts (+€2,021)
- Current investments +€5,102
up €5,102 (+63.8%), from €8,001 to €13,104
- Deferred charges and accrued income +€2,257
new in 2025: €2,257
- Profit (loss) carried forward +€22,628
up €22,628 (+228%), from €9,923 to €32,551
- Tax, wage and social debts +€2,021
new in 2025: €2,021
- Other debts +€501
up €501 (+2,782%), from €18 to €519
- Gross operating margin +€16,597
up €16,597 (+117%), from €14,167 to €30,764
- Taxes +€3,580
up €3,580 (+132%), from €2,716 to €6,296
- Staff costs -€1,120
no longer reported in 2025 (was €1,120)
- Other operating charges +€874
up €874 (+226%), from €387 to €1,261
- Depreciation +€764
new in 2025: €764
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 | €12,856 | €38,010 | +€25,154 | +196% |
| Fixed assets | 21/28 | - | €11,824 | +€11,824 | |
| Tangible fixed assets | 22/27 | - | €11,824 | +€11,824 | |
| Plant, machinery and equipment | 23 | - | €733 | +€733 | |
| Furniture and vehicles | 24 | - | €11,090 | +€11,090 | |
| Current assets | 29/58 | €12,856 | €26,186 | +€13,330 | +104% |
| Amounts receivable within one year | 40/41 | €285 | €285 | = | 0.0% |
| Other amounts receivable | 41 | €285 | €285 | = | 0.0% |
| Current investments | 50/53 | €8,001 | €13,104 | +€5,102 | +63.8% |
| Cash at bank and in hand | 54/58 | €4,570 | €10,541 | +€5,971 | +131% |
| Deferred charges and accrued income | 490/1 | - | €2,257 | +€2,257 | |
| Total equity and liabilities | 10/49 | €12,856 | €38,010 | +€25,154 | +196% |
| Equity | 10/15 | €12,423 | €35,051 | +€22,628 | +182% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,923 | €32,551 | +€22,628 | +228% |
| Amounts payable | 17/49 | €433 | €2,959 | +€2,525 | +583% |
| Amounts payable within one year | 42/48 | €433 | €2,959 | +€2,525 | +583% |
| Trade debts | 44 | €415 | €418 | +€3 | +0.8% |
| Suppliers | 440/4 | €415 | €418 | +€3 | +0.8% |
| Taxes, remuneration and social security | 45 | - | €2,021 | +€2,021 | |
| Taxes | 450/3 | - | €2,021 | +€2,021 | |
| Other amounts payable | 47/48 | €18 | €519 | +€501 | +2,782% |
| Remuneration, social security and pensions | 62 | €1,120 | - | -€1,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €764 | +€764 | |
| Other operating charges | 640/8 | €387 | €1,261 | +€874 | +226% |
| Gross operating margin | 9900 | €14,167 | €30,764 | +€16,597 | +117% |
| Operating profit (loss) | 9901 | €12,659 | €28,738 | +€16,079 | +127% |
| Financial income | 75/76B | €2 | €248 | +€246 | +11,844% |
| Recurring financial income | 75 | €2 | €248 | +€246 | +11,844% |
| Financial charges | 65/66B | €23 | €63 | +€40 | +178% |
| Recurring financial charges | 65 | €23 | €63 | +€40 | +178% |
| Profit (loss) for the period before taxes | 9903 | €12,639 | €28,924 | +€16,285 | +129% |
| Income taxes | 67/77 | €2,716 | €6,296 | +€3,580 | +132% |
| Profit (loss) for the period | 9904 | €9,923 | €22,628 | +€12,705 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €9,923 | €22,628 | +€12,705 | +128% |
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 16 October 2026 via checked.be.