ROBIN WOUTERS: 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 WOUTERS
Largest movements
- Tangible fixed assets +€15,297
up €15,297 (+17.1%), from €89,668 to €104,965
of which Plant, machinery and equipment: +€30,519
- Cash -€5,951
down €5,951 (-20.7%), from €28,774 to €22,823
mainly Investment in fixed assets (net) (-€41,378) and Net result for the year (-€11,051)
- Debts after one year +€15,429
up €15,429 (+214%), from €7,209 to €22,638
- Profit (loss) carried forward -€11,051
down €11,051 (-78.0%), from -€14,175 to -€25,225
- Current portion of long-term debt +€9,667
up €9,667 (+330%), from €2,933 to €12,601
- Other debts -€6,254
down €6,254 (-5.8%), from €107,415 to €101,162
- Trade debts -€3,187
down €3,187 (-19.3%), from €16,544 to €13,358
- Gross operating margin +€23,475
up €23,475 (+20.7%), from €113,178 to €136,653
- Staff costs +€11,274
up €11,274 (+10.8%), from €104,237 to €115,511
- Other operating charges +€2,614
up €2,614 (+354%), from €739 to €3,353
- Financial charges +€1,371
up €1,371 (+250%), from €547 to €1,919
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 | €150,540 | €158,165 | +€7,625 | +5.1% |
| Fixed assets | 21/28 | €91,675 | €106,283 | +€14,609 | +15.9% |
| Intangible fixed assets | 21 | €2,007 | €1,319 | -€688 | -34.3% |
| Tangible fixed assets | 22/27 | €89,668 | €104,965 | +€15,297 | +17.1% |
| Land and buildings | 22 | €7,927 | €6,581 | -€1,346 | -17.0% |
| Plant, machinery and equipment | 23 | €55,890 | €86,409 | +€30,519 | +54.6% |
| Furniture and vehicles | 24 | €25,851 | €11,975 | -€13,876 | -53.7% |
| Current assets | 29/58 | €58,865 | €51,881 | -€6,984 | -11.9% |
| Stocks and contracts in progress | 3 | €24,180 | €24,180 | = | 0.0% |
| Stocks | 30/36 | €24,180 | €24,180 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,239 | €2,610 | -€629 | -19.4% |
| Trade receivables | 40 | €681 | - | -€681 | |
| Other amounts receivable | 41 | €2,558 | €2,610 | +€52 | +2.0% |
| Cash at bank and in hand | 54/58 | €28,774 | €22,823 | -€5,951 | -20.7% |
| Deferred charges and accrued income | 490/1 | €2,673 | €2,268 | -€405 | -15.1% |
| Total equity and liabilities | 10/49 | €150,540 | €158,165 | +€7,625 | +5.1% |
| Equity | 10/15 | €6,285 | -€4,765 | -€11,051 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,175 | -€25,225 | -€11,051 | -78.0% |
| Amounts payable | 17/49 | €144,254 | €162,930 | +€18,676 | +12.9% |
| Amounts payable after more than one year | 17 | €7,209 | €22,638 | +€15,429 | +214% |
| Financial debts | 170/4 | €7,209 | €22,638 | +€15,429 | +214% |
| Amounts payable within one year | 42/48 | €137,045 | €140,292 | +€3,247 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €2,933 | €12,601 | +€9,667 | +330% |
| Trade debts | 44 | €16,544 | €13,358 | -€3,187 | -19.3% |
| Suppliers | 440/4 | €16,544 | €13,358 | -€3,187 | -19.3% |
| Taxes, remuneration and social security | 45 | €10,152 | €13,172 | +€3,020 | +29.7% |
| Taxes | 450/3 | €891 | €1,062 | +€171 | +19.2% |
| Remuneration and social security | 454/9 | €9,261 | €12,110 | +€2,849 | +30.8% |
| Other amounts payable | 47/48 | €107,415 | €101,162 | -€6,254 | -5.8% |
| Remuneration, social security and pensions | 62 | €104,237 | €115,511 | +€11,274 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,570 | €26,770 | +€1,200 | +4.7% |
| Other operating charges | 640/8 | €739 | €3,353 | +€2,614 | +354% |
| Gross operating margin | 9900 | €113,178 | €136,653 | +€23,475 | +20.7% |
| Operating profit (loss) | 9901 | -€17,367 | -€8,980 | +€8,387 | +48.3% |
| Financial income | 75/76B | €3 | €28 | +€25 | +922% |
| Recurring financial income | 75 | €3 | €28 | +€25 | +922% |
| Financial charges | 65/66B | €547 | €1,919 | +€1,371 | +250% |
| Recurring financial charges | 65 | €547 | €1,919 | +€1,371 | +250% |
| Profit (loss) for the period before taxes | 9903 | -€17,912 | -€10,871 | +€7,041 | +39.3% |
| Income taxes | 67/77 | €153 | €180 | +€27 | +17.9% |
| Profit (loss) for the period | 9904 | -€18,065 | -€11,051 | +€7,014 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,065 | -€11,051 | +€7,014 | +38.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.