Robor: 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.
Robor
Largest movements
- Current investments +€6.3m
up €6.3m (+62.7%), from €10.0m to €16.3m
- Cash -€3.6m
down €3.6m (-78.8%), from €4.6m to €973,178
mainly Current investments (-€6.3m) and Investment in fixed assets (net) (-€410,334)
- Receivables within one year -€729,539
down €729,539 (-41.1%), from €1.8m to €1.0m
of which Other amounts receivable: -€683,508
- Financial fixed assets +€400,000
up €400,000 (+8.9%), from €4.5m to €4.9m
- Reserves +€2.2m
up €2.2m (+10.0%), from €21.6m to €23.7m
of which Distributable reserves: +€2.2m
- Financial income +€563,761
up €563,761 (+27.7%), from €2.0m to €2.6m
- Taxes +€148,066
up €148,066 (+2587.2%), from €5,723 to €153,789
- Gross operating margin -€139,745
down €139,745 (-41.4%), from €337,935 to €198,190
- Other operating charges -€58,512
down €58,512 (-33.2%), from €176,403 to €117,891
- Financial charges -€40,180
down €40,180 (-16.9%), from €237,717 to €197,537
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 | €22,595,724 | €24,813,600 | +€2.2m | +9.8% |
| Fixed assets | 21/28 | €6,176,915 | €6,464,802 | +€287,887 | +4.7% |
| Tangible fixed assets | 22/27 | €1,670,862 | €1,558,749 | -€112,113 | -6.7% |
| Land and buildings | 22 | €1,466,481 | €1,370,320 | -€96,162 | -6.6% |
| Plant, machinery and equipment | 23 | - | €5,396 | +€5,396 | |
| Furniture and vehicles | 24 | €63,912 | €48,674 | -€15,238 | -23.8% |
| Other tangible fixed assets | 26 | €140,468 | €134,360 | -€6,108 | -4.3% |
| Financial fixed assets | 28 | €4,506,053 | €4,906,053 | +€400,000 | +8.9% |
| Current assets | 29/58 | €16,418,809 | €18,348,798 | +€1.9m | +11.8% |
| Amounts receivable within one year | 40/41 | €1,773,371 | €1,043,832 | -€729,539 | -41.1% |
| Trade receivables | 40 | €64,405 | €18,374 | -€46,031 | -71.5% |
| Other amounts receivable | 41 | €1,708,966 | €1,025,458 | -€683,508 | -40.0% |
| Current investments | 50/53 | €10,027,560 | €16,317,150 | +€6.3m | +62.7% |
| Cash at bank and in hand | 54/58 | €4,580,683 | €973,178 | -€3.6m | -78.8% |
| Deferred charges and accrued income | 490/1 | €37,196 | €14,639 | -€22,557 | -60.6% |
| Total equity and liabilities | 10/49 | €22,595,724 | €24,813,600 | +€2.2m | +9.8% |
| Equity | 10/15 | €22,470,027 | €24,632,268 | +€2.2m | +9.6% |
| Contributions | 10/11 | €693,750 | €693,750 | = | 0.0% |
| Capital | 10 | €693,750 | €693,750 | = | 0.0% |
| Issued capital | 100 | €693,750 | €693,750 | = | 0.0% |
| Revaluation surpluses | 12 | €210,710 | €210,710 | = | 0.0% |
| Reserves | 13 | €21,565,568 | €23,727,809 | +€2.2m | +10.0% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,583,800 | €1,583,800 | = | 0.0% |
| Distributable reserves | 133 | €19,831,768 | €21,994,009 | +€2.2m | +10.9% |
| Amounts payable | 17/49 | €125,697 | €181,332 | +€55,635 | +44.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €125,697 | €181,332 | +€55,635 | +44.3% |
| Trade debts | 44 | €4,020 | €14,082 | +€10,062 | +250.3% |
| Suppliers | 440/4 | €4,020 | €14,082 | +€10,062 | +250.3% |
| Taxes, remuneration and social security | 45 | €26,676 | €72,249 | +€45,573 | +170.8% |
| Taxes | 450/3 | €26,676 | €72,249 | +€45,573 | +170.8% |
| Other amounts payable | 47/48 | €95,000 | €95,000 | = | 0.0% |
| Non-recurring operating income | 76A | €40,050 | €0 | -€40,050 | -100.0% |
| Remuneration, social security and pensions | 62 | €41,665 | €39,732 | -€1,932 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,051 | €122,446 | -€19,604 | -13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €176,403 | €117,891 | -€58,512 | -33.2% |
| Gross operating margin | 9900 | €337,935 | €198,190 | -€139,745 | -41.4% |
| Operating profit (loss) | 9901 | -€22,184 | -€81,881 | -€59,696 | -269.1% |
| Financial income | 75/76B | €2,031,687 | €2,595,447 | +€563,761 | +27.7% |
| Recurring financial income | 75 | €2,031,687 | €2,595,447 | +€563,761 | +27.7% |
| Financial charges | 65/66B | €237,717 | €197,537 | -€40,180 | -16.9% |
| Recurring financial charges | 65 | €237,717 | €197,537 | -€40,180 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €1,771,786 | €2,316,030 | +€544,244 | +30.7% |
| Income taxes | 67/77 | €5,723 | €153,789 | +€148,066 | +2587.2% |
| Profit (loss) for the period | 9904 | €1,766,063 | €2,162,241 | +€396,178 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,766,063 | €2,162,241 | +€396,178 | +22.4% |
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 1 October 2026 via checked.be.