ROBIN DEVINCK: 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 DEVINCK
Largest movements
- Cash -€7,577
down €7,577 (-54.7%), from €13,843 to €6,266
mainly Investment in fixed assets (net) (-€42,532) and Debts after one year (-€10,461)
- Receivables within one year +€7,398
up €7,398 (+23.1%), from €32,042 to €39,440
of which Other amounts receivable: +€4,397
- Deferred charges and accrued income +€6,607
up €6,607, from €0 to €6,607
- Tangible fixed assets -€3,741
down €3,741 (-8.3%), from €45,202 to €41,461
of which Furniture and vehicles: -€3,959
- Other debts +€16,537
up €16,537 (+82.9%), from €19,950 to €36,487
- Debts after one year -€10,461
down €10,461 (-55.2%), from €18,965 to €8,504
- Trade debts +€4,311
up €4,311 (+20.2%), from €21,320 to €25,631
- Accrued charges and deferred income -€3,856
down €3,856 (-81.9%), from €4,711 to €855
- Profit (loss) carried forward -€2,378
down €2,378 (-28.0%), from -€8,499 to -€10,876
- Gross operating margin +€40,638
up €40,638 (+513.2%), from €7,919 to €48,556
- Depreciation +€30,530
up €30,530 (+192.5%), from €15,858 to €46,388
- Other operating charges -€1,487
down €1,487 (-47.6%), from €3,122 to €1,635
- Taxes -€1,146
down €1,146 (-67.7%), from €1,693 to €546
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 | €91,202 | €93,774 | +€2,572 | +2.8% |
| Fixed assets | 21/28 | €45,317 | €41,461 | -€3,856 | -8.5% |
| Intangible fixed assets | 21 | €115 | €0 | -€115 | -100.0% |
| Tangible fixed assets | 22/27 | €45,202 | €41,461 | -€3,741 | -8.3% |
| Plant, machinery and equipment | 23 | €12,951 | €13,169 | +€218 | +1.7% |
| Furniture and vehicles | 24 | €32,251 | €28,292 | -€3,959 | -12.3% |
| Current assets | 29/58 | €45,884 | €52,313 | +€6,429 | +14.0% |
| Amounts receivable within one year | 40/41 | €32,042 | €39,440 | +€7,398 | +23.1% |
| Trade receivables | 40 | €19,582 | €22,583 | +€3,001 | +15.3% |
| Other amounts receivable | 41 | €12,460 | €16,857 | +€4,397 | +35.3% |
| Cash at bank and in hand | 54/58 | €13,843 | €6,266 | -€7,577 | -54.7% |
| Deferred charges and accrued income | 490/1 | €0 | €6,607 | +€6,607 | |
| Total equity and liabilities | 10/49 | €91,202 | €93,774 | +€2,572 | +2.8% |
| Equity | 10/15 | -€7,499 | -€9,876 | -€2,378 | -31.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€8,499 | -€10,876 | -€2,378 | -28.0% |
| Amounts payable | 17/49 | €98,700 | €103,650 | +€4,950 | +5.0% |
| Amounts payable after more than one year | 17 | €18,965 | €8,504 | -€10,461 | -55.2% |
| Financial debts | 170/4 | €18,965 | €8,504 | -€10,461 | -55.2% |
| Amounts payable within one year | 42/48 | €75,025 | €94,291 | +€19,266 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €30,239 | €30,461 | +€222 | +0.7% |
| Trade debts | 44 | €21,320 | €25,631 | +€4,311 | +20.2% |
| Suppliers | 440/4 | €21,320 | €25,631 | +€4,311 | +20.2% |
| Taxes, remuneration and social security | 45 | €3,516 | €1,712 | -€1,804 | -51.3% |
| Taxes | 450/3 | €2,016 | €1,712 | -€304 | -15.1% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100.0% |
| Other amounts payable | 47/48 | €19,950 | €36,487 | +€16,537 | +82.9% |
| Accrued charges and deferred income | 492/3 | €4,711 | €855 | -€3,856 | -81.9% |
| Remuneration, social security and pensions | 62 | €548 | €139 | -€409 | -74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,858 | €46,388 | +€30,530 | +192.5% |
| Other operating charges | 640/8 | €3,122 | €1,635 | -€1,487 | -47.6% |
| Gross operating margin | 9900 | €7,919 | €48,556 | +€40,638 | +513.2% |
| Operating profit (loss) | 9901 | -€11,610 | €394 | +€12,004 | |
| Financial income | 75/76B | €1 | €7 | +€6 | +414.7% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +414.7% |
| Financial charges | 65/66B | €1,915 | €2,233 | +€318 | +16.6% |
| Recurring financial charges | 65 | €1,915 | €2,233 | +€318 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,524 | -€1,831 | +€11,693 | +86.5% |
| Income taxes | 67/77 | €1,693 | €546 | -€1,146 | -67.7% |
| Profit (loss) for the period | 9904 | -€15,216 | -€2,378 | +€12,839 | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,216 | -€2,378 | +€12,839 | +84.4% |
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 10 October 2026 via checked.be.