Robsa Management: what changed
Robsa Management
Largest movements
- Cash +€55,863
up €55,863 (+30.3%), from €184,441 to €240,304
mainly Net result for the year (+€31,244) and Depreciation (+€28,525)
- Tangible fixed assets -€24,643
down €24,643 (-30.7%), from €80,264 to €55,621
of which Furniture and vehicles: -€24,089
- Receivables within one year +€12,580
new in 2025: €12,580
of which Trade receivables: +€12,100
- Reserves +€31,244
up €31,244 (+44.0%), from €71,001 to €102,245
- Other debts +€13,288
up €13,288 (+7.7%), from €172,798 to €186,086
- Gross operating margin +€32,652
up €32,652 (+72.4%), from €45,090 to €77,742
- Taxes +€10,633
up €10,633 (+178%), from €5,964 to €16,597
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €267,311 | €311,381 | +€44,070 | +16.5% |
| Fixed assets | 21/28 | €80,516 | €55,621 | -€24,895 | -30.9% |
| Intangible fixed assets | 21 | €252 | €0 | -€252 | -100% |
| Tangible fixed assets | 22/27 | €80,264 | €55,621 | -€24,643 | -30.7% |
| Plant, machinery and equipment | 23 | €554 | €0 | -€554 | -100% |
| Furniture and vehicles | 24 | €79,710 | €55,621 | -€24,089 | -30.2% |
| Current assets | 29/58 | €186,795 | €255,760 | +€68,965 | +36.9% |
| Amounts receivable within one year | 40/41 | - | €12,580 | +€12,580 | |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | - | €480 | +€480 | |
| Cash at bank and in hand | 54/58 | €184,441 | €240,304 | +€55,863 | +30.3% |
| Deferred charges and accrued income | 490/1 | €2,354 | €2,876 | +€522 | +22.2% |
| Total equity and liabilities | 10/49 | €267,311 | €311,381 | +€44,070 | +16.5% |
| Equity | 10/15 | €86,001 | €117,245 | +€31,244 | +36.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €71,001 | €102,245 | +€31,244 | +44.0% |
| Distributable reserves | 133 | €71,001 | €102,245 | +€31,244 | +44.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €181,311 | €194,136 | +€12,826 | +7.1% |
| Amounts payable within one year | 42/48 | €181,149 | €194,136 | +€12,987 | +7.2% |
| Trade debts | 44 | €1,510 | €2,167 | +€657 | +43.5% |
| Suppliers | 440/4 | €1,510 | €2,167 | +€657 | +43.5% |
| Taxes, remuneration and social security | 45 | €6,840 | €5,883 | -€958 | -14.0% |
| Taxes | 450/3 | €6,840 | €5,883 | -€958 | -14.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €172,798 | €186,086 | +€13,288 | +7.7% |
| Accrued charges and deferred income | 492/3 | €162 | €0 | -€162 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,560 | €28,525 | -€35 | -0.1% |
| Other operating charges | 640/8 | €574 | €994 | +€420 | +73.3% |
| Gross operating margin | 9900 | €45,090 | €77,742 | +€32,652 | +72.4% |
| Operating profit (loss) | 9901 | €15,956 | €48,223 | +€32,267 | +202% |
| Financial charges | 65/66B | €462 | €382 | -€80 | -17.4% |
| Recurring financial charges | 65 | €462 | €382 | -€80 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €15,494 | €47,841 | +€32,347 | +209% |
| Income taxes | 67/77 | €5,964 | €16,597 | +€10,633 | +178% |
| Profit (loss) for the period | 9904 | €9,530 | €31,244 | +€21,714 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €9,530 | €31,244 | +€21,714 | +228% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.