ROBSAN: 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.
ROBSAN
Largest movements
- Receivables within one year -€51,506
down €51,506 (-17.6%), from €292,128 to €240,622
of which Trade receivables: -€85,140
- Tangible fixed assets +€13,629
up €13,629 (+9.5%), from €143,575 to €157,204
of which Furniture and vehicles: +€52,817
- Cash +€11,424
up €11,424 (+54.3%), from €21,055 to €32,479
mainly Depreciation (+€73,758) and Receivables within one year (+€51,506)
- Reserves -€82,532
down €82,532 (-24.3%), from €339,682 to €257,150
of which Distributable reserves: -€82,532
- Advances received +€46,403
new in 2025: €46,403
- Debts after one year +€40,595
up €40,595 (+52.4%), from €77,473 to €118,067
- Trade debts -€26,738
down €26,738 (-37.2%), from €71,916 to €45,178
- Current portion of long-term debt -€11,520
down €11,520 (-24.6%), from €46,798 to €35,277
- Gross operating margin -€56,707
down €56,707 (-20.8%), from €272,992 to €216,285
- Depreciation +€21,503
up €21,503 (+41.1%), from €52,255 to €73,758
- Taxes -€15,889
down €15,889 (-57.2%), from €27,787 to €11,898
- Other operating charges +€8,574
up €8,574 (+191%), from €4,491 to €13,065
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 | €561,347 | €538,580 | -€22,766 | -4.1% |
| Fixed assets | 21/28 | €144,335 | €157,964 | +€13,629 | +9.4% |
| Tangible fixed assets | 22/27 | €143,575 | €157,204 | +€13,629 | +9.5% |
| Land and buildings | 22 | €36,805 | €18,331 | -€18,474 | -50.2% |
| Plant, machinery and equipment | 23 | €53,683 | €33,798 | -€19,885 | -37.0% |
| Furniture and vehicles | 24 | €50,598 | €103,415 | +€52,817 | +104% |
| Other tangible fixed assets | 26 | €2,490 | €1,660 | -€830 | -33.3% |
| Financial fixed assets | 28 | €760 | €760 | = | 0.0% |
| Current assets | 29/58 | €417,011 | €380,616 | -€36,395 | -8.7% |
| Stocks and contracts in progress | 3 | €99,411 | €99,411 | = | 0.0% |
| Stocks | 30/36 | €99,411 | €99,411 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €292,128 | €240,622 | -€51,506 | -17.6% |
| Trade receivables | 40 | €254,686 | €169,546 | -€85,140 | -33.4% |
| Other amounts receivable | 41 | €37,442 | €71,076 | +€33,634 | +89.8% |
| Cash at bank and in hand | 54/58 | €21,055 | €32,479 | +€11,424 | +54.3% |
| Deferred charges and accrued income | 490/1 | €4,418 | €8,104 | +€3,687 | +83.5% |
| Total equity and liabilities | 10/49 | €561,347 | €538,580 | -€22,766 | -4.1% |
| Equity | 10/15 | €345,882 | €263,350 | -€82,532 | -23.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €339,682 | €257,150 | -€82,532 | -24.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €337,822 | €255,290 | -€82,532 | -24.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €215,465 | €275,230 | +€59,766 | +27.7% |
| Amounts payable after more than one year | 17 | €77,473 | €118,067 | +€40,595 | +52.4% |
| Financial debts | 170/4 | €77,473 | €118,067 | +€40,595 | +52.4% |
| Amounts payable within one year | 42/48 | €137,992 | €157,163 | +€19,171 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €46,798 | €35,277 | -€11,520 | -24.6% |
| Trade debts | 44 | €71,916 | €45,178 | -€26,738 | -37.2% |
| Suppliers | 440/4 | €71,916 | €45,178 | -€26,738 | -37.2% |
| Advances received on contracts in progress | 46 | - | €46,403 | +€46,403 | |
| Taxes, remuneration and social security | 45 | €19,279 | €30,305 | +€11,026 | +57.2% |
| Taxes | 450/3 | €14,847 | €22,787 | +€7,940 | +53.5% |
| Remuneration and social security | 454/9 | €4,432 | €7,518 | +€3,085 | +69.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €29,983 | +€29,983 | |
| Remuneration, social security and pensions | 62 | €93,152 | €92,745 | -€407 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,255 | €73,758 | +€21,503 | +41.1% |
| Other operating charges | 640/8 | €4,491 | €13,065 | +€8,574 | +191% |
| Non-recurring operating charges | 66A | - | €100,244 | +€100,244 | |
| Gross operating margin | 9900 | €272,992 | €216,285 | -€56,707 | -20.8% |
| Operating profit (loss) | 9901 | €123,094 | -€63,527 | -€186,621 | |
| Financial income | 75/76B | €1,004 | €1,441 | +€437 | +43.5% |
| Recurring financial income | 75 | €1,004 | €1,441 | +€437 | +43.5% |
| Financial charges | 65/66B | €8,734 | €8,548 | -€186 | -2.1% |
| Recurring financial charges | 65 | €8,734 | €8,548 | -€186 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €115,364 | -€70,634 | -€185,998 | |
| Income taxes | 67/77 | €27,787 | €11,898 | -€15,889 | -57.2% |
| Profit (loss) for the period | 9904 | €87,577 | -€82,532 | -€170,109 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,577 | -€82,532 | -€170,109 |
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 13 October 2026 via checked.be.