ROBULCO: 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.
ROBULCO
Largest movements
- Tangible fixed assets -€13,405
down €13,405 (-4.6%), from €294,596 to €281,191
of which Land and buildings: -€16,303
- Cash -€11,064
down €11,064 (-23.7%), from €46,595 to €35,531
mainly Net result for the year (-€26,792) and Investment in fixed assets (net) (-€7,748)
- Profit (loss) carried forward -€26,792
down €26,792 (-108.9%), from -€24,593 to -€51,384
- Gross operating margin -€12,529
down €12,529 (-67.2%), from €18,653 to €6,124
- Financial income -€8,485
down €8,485 (-84.4%), from €10,057 to €1,572
of which Financial income: -€8,485
- Financial charges +€3,684
up €3,684 (+2708.2%), from €136 to €3,820
- Other operating charges +€756
up €756 (+9.5%), from €7,976 to €8,732
- Depreciation -€581
down €581 (-2.7%), from €21,733 to €21,152
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 | €590,192 | €559,891 | -€30,301 | -5.1% |
| Fixed assets | 21/28 | €294,746 | €281,341 | -€13,405 | -4.5% |
| Tangible fixed assets | 22/27 | €294,596 | €281,191 | -€13,405 | -4.6% |
| Land and buildings | 22 | €233,542 | €217,239 | -€16,303 | -7.0% |
| Plant, machinery and equipment | 23 | €61,053 | €63,951 | +€2,898 | +4.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €295,446 | €278,550 | -€16,897 | -5.7% |
| Amounts receivable after more than one year | 29 | €18,710 | €16,557 | -€2,153 | -11.5% |
| Trade receivables | 290 | €17,184 | €13,700 | -€3,484 | -20.3% |
| Other amounts receivable | 291 | €1,526 | €2,857 | +€1,331 | +87.3% |
| Current investments | 50/53 | €230,141 | €226,461 | -€3,680 | -1.6% |
| Cash at bank and in hand | 54/58 | €46,595 | €35,531 | -€11,064 | -23.7% |
| Total equity and liabilities | 10/49 | €590,192 | €559,891 | -€30,301 | -5.1% |
| Equity | 10/15 | €585,910 | €559,118 | -€26,792 | -4.6% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €591,910 | €591,910 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €139,466 | €139,466 | = | 0.0% |
| Distributable reserves | 133 | €452,445 | €452,445 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€24,593 | -€51,384 | -€26,792 | -108.9% |
| Amounts payable | 17/49 | €4,282 | €773 | -€3,510 | -82.0% |
| Amounts payable within one year | 42/48 | €4,282 | €773 | -€3,510 | -82.0% |
| Trade debts | 44 | €70 | €166 | +€96 | +138.5% |
| Suppliers | 440/4 | €70 | €166 | +€96 | +138.5% |
| Taxes, remuneration and social security | 45 | €484 | €607 | +€122 | +25.3% |
| Taxes | 450/3 | €484 | €607 | +€122 | +25.3% |
| Other amounts payable | 47/48 | €3,729 | - | -€3,729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,733 | €21,152 | -€581 | -2.7% |
| Other operating charges | 640/8 | €7,976 | €8,732 | +€756 | +9.5% |
| Gross operating margin | 9900 | €18,653 | €6,124 | -€12,529 | -67.2% |
| Operating profit (loss) | 9901 | -€11,056 | -€23,760 | -€12,704 | -114.9% |
| Financial income | 75/76B | €10,057 | €1,572 | -€8,485 | -84.4% |
| Recurring financial income | 75 | €10,057 | €1,572 | -€8,485 | -84.4% |
| Non-recurring financial income | 76B | €10,057 | €1,572 | -€8,485 | -84.4% |
| Financial charges | 65/66B | €136 | €3,820 | +€3,684 | +2708.2% |
| Recurring financial charges | 65 | €136 | €3,820 | +€3,684 | +2708.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,136 | -€26,008 | -€24,872 | -2190.1% |
| Income taxes | 67/77 | €607 | €784 | +€176 | +29.0% |
| Profit (loss) for the period | 9904 | -€1,743 | -€26,792 | -€25,049 | -1437.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,743 | -€26,792 | -€25,049 | -1437.1% |
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 4 October 2026 via checked.be.