Robuco: what changed
What changed
Robuco
NACE 42.110, Construction of roads and motorways
filed annual accounts (NBB)
Net result for the year
€280,646
2024 · €25,392+€255,254
Equity
€8.1m
2024 · €8.1m+€70,646
Cash
€772,637
2024 · €515,993+€256,643
Balance sheet total
€10.1m
2024 · €9.6m+€533,950
Largest movements
Assets
- Receivables within one year +€383,539
up €383,539 (+5.2%), from €7.3m to €7.7m
of which Trade receivables: +€488,913
- Cash +€256,643
up €256,643 (+49.7%), from €515,993 to €772,637
mainly Trade debts (+€306,411) and Net result for the year (+€280,646)
Equity and liabilities
- Trade debts +€306,411
up €306,411 (+109%), from €281,007 to €587,419
- Other debts +€204,981
up €204,981 (+4,084%), from €5,019 to €210,000
Income statement
- Gross operating margin +€162,672
up €162,672 (+7.5%), from €2.2m to €2.3m
- Staff costs -€74,789
down €74,789 (-3.8%), from €2.0m to €1.9m
- Financial charges -€23,527
down €23,527 (-32.5%), from €72,487 to €48,961
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.
Result 2024
€25,392
Gross operating margin
+€162,672
Staff costs
+€74,789
Depreciation
-€4,993
Write-downs
+€4,625
Other operating charges
+€4,479
Financial income
-€2,637
Financial charges
+€23,527
Taxes
-€7,208
Result 2025
€280,646
raises the resultlowers the result
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.
From operations
+€506,460
Investment
-€39,817
Financing
-€210,000
Cash 2024
€515,993
From operations (derived)
+€506,460
Net result for the year
+€280,646
Depreciation
+€99,679
Stocks and contracts
+€40,073
Receivables within one year
-€383,539
Deferred charges and accrued income
+€6,297
Trade debts
+€306,411
Tax, wage and social debts
-€59,866
Other debts
+€204,981
Accrued charges and deferred income
+€11,777
Investment (derived)
-€39,817
Investment in fixed assets (net)
-€39,817
Financing
-€210,000
Contributions, distributions and other
-€210,000
Cash 2025
€772,637
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,588,311 | €10,122,261 | +€533,950 | +5.6% |
| Fixed assets | 21/28 | €815,506 | €755,644 | -€59,862 | -7.3% |
| Tangible fixed assets | 22/27 | €210,732 | €150,870 | -€59,862 | -28.4% |
| Land and buildings | 22 | €11,845 | €8,292 | -€3,554 | -30.0% |
| Plant, machinery and equipment | 23 | €106,359 | €101,114 | -€5,245 | -4.9% |
| Furniture and vehicles | 24 | €92,529 | €41,465 | -€51,064 | -55.2% |
| Financial fixed assets | 28 | €604,774 | €604,774 | = | 0.0% |
| Current assets | 29/58 | €8,772,805 | €9,366,617 | +€593,812 | +6.8% |
| Stocks and contracts in progress | 3 | €921,503 | €881,430 | -€40,073 | -4.3% |
| Stocks | 30/36 | €921,503 | €881,430 | -€40,073 | -4.3% |
| Amounts receivable within one year | 40/41 | €7,315,983 | €7,699,521 | +€383,539 | +5.2% |
| Trade receivables | 40 | €2,336,657 | €2,825,570 | +€488,913 | +20.9% |
| Other amounts receivable | 41 | €4,979,325 | €4,873,951 | -€105,374 | -2.1% |
| Cash at bank and in hand | 54/58 | €515,993 | €772,637 | +€256,643 | +49.7% |
| Deferred charges and accrued income | 490/1 | €19,326 | €13,029 | -€6,297 | -32.6% |
| Total equity and liabilities | 10/49 | €9,588,311 | €10,122,261 | +€533,950 | +5.6% |
| Equity | 10/15 | €8,069,572 | €8,140,218 | +€70,646 | +0.9% |
| Contributions | 10/11 | €331,617 | €331,617 | = | 0.0% |
| Capital | 10 | €331,617 | €331,617 | = | 0.0% |
| Issued capital | 100 | €331,617 | €331,617 | = | 0.0% |
| Reserves | 13 | €7,737,956 | €7,808,602 | +€70,646 | +0.9% |
| Non-distributable reserves | 130/1 | €33,162 | €33,162 | = | 0.0% |
| Legal reserve | 130 | €33,162 | €33,162 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,940 | €61,615 | +€49,675 | +416% |
| Distributable reserves | 133 | €7,692,854 | €7,713,825 | +€20,971 | +0.3% |
| Amounts payable | 17/49 | €1,518,739 | €1,982,043 | +€463,304 | +30.5% |
| Amounts payable within one year | 42/48 | €1,507,042 | €1,958,569 | +€451,527 | +30.0% |
| Financial debts | 43 | €1,100,000 | €1,100,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,100,000 | €1,100,000 | = | 0.0% |
| Trade debts | 44 | €281,007 | €587,419 | +€306,411 | +109% |
| Suppliers | 440/4 | €281,007 | €587,419 | +€306,411 | +109% |
| Taxes, remuneration and social security | 45 | €121,016 | €61,150 | -€59,866 | -49.5% |
| Taxes | 450/3 | €9,842 | - | -€9,842 | |
| Remuneration and social security | 454/9 | €111,174 | €61,150 | -€50,023 | -45.0% |
| Other amounts payable | 47/48 | €5,019 | €210,000 | +€204,981 | +4,084% |
| Accrued charges and deferred income | 492/3 | €11,697 | €23,474 | +€11,777 | +101% |
| Non-recurring operating income | 76A | €36,803 | €51,560 | +€14,756 | +40.1% |
| Remuneration, social security and pensions | 62 | €1,961,361 | €1,886,571 | -€74,789 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,686 | €99,679 | +€4,993 | +5.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,625 | - | -€4,625 | |
| Other operating charges | 640/8 | €31,821 | €27,343 | -€4,479 | -14.1% |
| Gross operating margin | 9900 | €2,174,954 | €2,337,626 | +€162,672 | +7.5% |
| Operating profit (loss) | 9901 | €82,461 | €324,033 | +€241,572 | +293% |
| Financial income | 75/76B | €15,796 | €13,159 | -€2,637 | -16.7% |
| Recurring financial income | 75 | €15,796 | €13,159 | -€2,637 | -16.7% |
| Financial charges | 65/66B | €72,487 | €48,961 | -€23,527 | -32.5% |
| Recurring financial charges | 65 | €72,487 | €48,961 | -€23,527 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €25,769 | €288,231 | +€262,462 | +1,019% |
| Income taxes | 67/77 | €377 | €7,585 | +€7,208 | +1,913% |
| Profit (loss) for the period | 9904 | €25,392 | €280,646 | +€255,254 | +1,005% |
| Profit (loss) for the period to be appropriated | 9905 | €25,392 | €280,646 | +€255,254 | +1,005% |
Next steps
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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 3 November 2026 via checked.be.