ROBIN TEETAERT: 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 TEETAERT
Largest movements
- Receivables within one year -€35,251
down €35,251 (-40.3%), from €87,412 to €52,161
of which Trade receivables: -€38,199
- Other debts -€20,103
down €20,103 (-64.7%), from €31,057 to €10,954
- Tax, wage and social debts -€11,762
down €11,762 (-81.5%), from €14,428 to €2,666
- Trade debts -€11,398
down €11,398 (-26.4%), from €43,243 to €31,844
- Debts after one year +€10,837
up €10,837 (+6.2%), from €174,738 to €185,575
- Gross operating margin +€3,966
up €3,966 (+45.0%), from €8,812 to €12,778
- Financial charges +€2,458
up €2,458 (+32.3%), from €7,614 to €10,072
- Depreciation +€1,857
new in 2025: €1,857
- Financial income -€334
down €334 (-100.0%), from €334 to €0
- Taxes -€192
down €192 (-35.9%), from €534 to €343
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 | €344,636 | €312,620 | -€32,017 | -9.3% |
| Fixed assets | 21/28 | €238,909 | €241,761 | +€2,852 | +1.2% |
| Tangible fixed assets | 22/27 | €238,909 | €241,761 | +€2,852 | +1.2% |
| Land and buildings | 22 | €199,593 | €204,301 | +€4,708 | +2.4% |
| Plant, machinery and equipment | 23 | €27,941 | €27,215 | -€727 | -2.6% |
| Furniture and vehicles | 24 | €11,375 | €10,245 | -€1,130 | -9.9% |
| Current assets | 29/58 | €105,727 | €70,858 | -€34,868 | -33.0% |
| Stocks and contracts in progress | 3 | €16,449 | €16,350 | -€99 | -0.6% |
| Stocks | 30/36 | €16,449 | €16,350 | -€99 | -0.6% |
| Amounts receivable within one year | 40/41 | €87,412 | €52,161 | -€35,251 | -40.3% |
| Trade receivables | 40 | €79,523 | €41,324 | -€38,199 | -48.0% |
| Other amounts receivable | 41 | €7,889 | €10,837 | +€2,948 | +37.4% |
| Cash at bank and in hand | 54/58 | €1,866 | €2,347 | +€481 | +25.8% |
| Total equity and liabilities | 10/49 | €344,636 | €312,620 | -€32,017 | -9.3% |
| Equity | 10/15 | €70,253 | €70,222 | -€30 | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €67,753 | €67,722 | -€30 | 0.0% |
| Distributable reserves | 133 | €67,753 | €67,722 | -€30 | 0.0% |
| Amounts payable | 17/49 | €274,384 | €242,397 | -€31,986 | -11.7% |
| Amounts payable after more than one year | 17 | €174,738 | €185,575 | +€10,837 | +6.2% |
| Financial debts | 170/4 | €174,738 | €185,575 | +€10,837 | +6.2% |
| Amounts payable within one year | 42/48 | €99,646 | €56,822 | -€42,824 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €10,919 | €11,358 | +€440 | +4.0% |
| Trade debts | 44 | €43,243 | €31,844 | -€11,398 | -26.4% |
| Suppliers | 440/4 | €43,243 | €31,844 | -€11,398 | -26.4% |
| Taxes, remuneration and social security | 45 | €14,428 | €2,666 | -€11,762 | -81.5% |
| Taxes | 450/3 | €14,428 | €2,666 | -€11,762 | -81.5% |
| Other amounts payable | 47/48 | €31,057 | €10,954 | -€20,103 | -64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,857 | +€1,857 | |
| Other operating charges | 640/8 | €639 | €537 | -€102 | -16.0% |
| Gross operating margin | 9900 | €8,812 | €12,778 | +€3,966 | +45.0% |
| Operating profit (loss) | 9901 | €8,173 | €10,385 | +€2,212 | +27.1% |
| Financial income | 75/76B | €334 | €0 | -€334 | -100.0% |
| Recurring financial income | 75 | €334 | €0 | -€334 | -100.0% |
| Financial charges | 65/66B | €7,614 | €10,072 | +€2,458 | +32.3% |
| Recurring financial charges | 65 | €7,614 | €10,072 | +€2,458 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €893 | €312 | -€581 | -65.0% |
| Income taxes | 67/77 | €534 | €343 | -€192 | -35.9% |
| Profit (loss) for the period | 9904 | €359 | -€30 | -€389 | |
| Profit (loss) for the period to be appropriated | 9905 | €359 | -€30 | -€389 |
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.