ROBUR: 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.
ROBUR
Largest movements
- Tangible fixed assets +€19,373
up €19,373 (+256.5%), from €7,552 to €26,925
of which Other tangible fixed assets: +€20,908
- Cash +€3,410
up €3,410 (+4.8%), from €71,147 to €74,557
mainly Net result for the year (+€25,867) and Depreciation (+€6,052)
- Reserves +€25,867
up €25,867 (+19.7%), from €131,491 to €157,358
- Accrued charges and deferred income -€2,137
down €2,137 (-100.0%), from €2,137 to €0
- Gross operating margin +€15,126
up €15,126 (+49.1%), from €30,800 to €45,925
- Taxes +€3,631
up €3,631 (+48.8%), from €7,443 to €11,074
- Depreciation +€2,716
up €2,716 (+81.4%), from €3,336 to €6,052
- Financial charges +€2,295
up €2,295 (+367.2%), from €625 to €2,920
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 | €157,956 | €181,497 | +€23,541 | +14.9% |
| Fixed assets | 21/28 | €7,552 | €26,925 | +€19,373 | +256.5% |
| Tangible fixed assets | 22/27 | €7,552 | €26,925 | +€19,373 | +256.5% |
| Plant, machinery and equipment | 23 | €1,375 | €855 | -€520 | -37.8% |
| Furniture and vehicles | 24 | €2,696 | €1,682 | -€1,014 | -37.6% |
| Other tangible fixed assets | 26 | €3,481 | €24,389 | +€20,908 | +600.6% |
| Current assets | 29/58 | €150,404 | €154,572 | +€4,168 | +2.8% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,864 | €15,979 | +€116 | +0.7% |
| Trade receivables | 40 | €15,807 | €15,979 | +€173 | +1.1% |
| Other amounts receivable | 41 | €57 | €0 | -€57 | -100.0% |
| Cash at bank and in hand | 54/58 | €71,147 | €74,557 | +€3,410 | +4.8% |
| Deferred charges and accrued income | 490/1 | €3,394 | €4,036 | +€642 | +18.9% |
| Total equity and liabilities | 10/49 | €157,956 | €181,497 | +€23,541 | +14.9% |
| Equity | 10/15 | €137,691 | €163,558 | +€25,867 | +18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €131,491 | €157,358 | +€25,867 | +19.7% |
| Distributable reserves | 133 | €131,491 | €157,358 | +€25,867 | +19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €20,265 | €17,939 | -€2,326 | -11.5% |
| Amounts payable within one year | 42/48 | €18,128 | €17,939 | -€189 | -1.0% |
| Trade debts | 44 | €1,407 | €1,959 | +€553 | +39.3% |
| Suppliers | 440/4 | €1,407 | €1,959 | +€553 | +39.3% |
| Taxes, remuneration and social security | 45 | €11,536 | €12,176 | +€640 | +5.5% |
| Taxes | 450/3 | €9,536 | €12,176 | +€2,640 | +27.7% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €5,186 | €3,804 | -€1,382 | -26.6% |
| Accrued charges and deferred income | 492/3 | €2,137 | €0 | -€2,137 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,336 | €6,052 | +€2,716 | +81.4% |
| Other operating charges | 640/8 | €512 | €613 | +€101 | +19.8% |
| Non-recurring operating charges | 66A | €2,396 | €0 | -€2,396 | -100.0% |
| Gross operating margin | 9900 | €30,800 | €45,925 | +€15,126 | +49.1% |
| Operating profit (loss) | 9901 | €24,556 | €39,260 | +€14,704 | +59.9% |
| Financial income | 75/76B | €600 | €600 | = | 0.0% |
| Recurring financial income | 75 | €600 | €600 | = | 0.0% |
| Financial charges | 65/66B | €625 | €2,920 | +€2,295 | +367.2% |
| Recurring financial charges | 65 | €625 | €2,920 | +€2,295 | +367.2% |
| Profit (loss) for the period before taxes | 9903 | €24,531 | €36,940 | +€12,409 | +50.6% |
| Income taxes | 67/77 | €7,443 | €11,074 | +€3,631 | +48.8% |
| Profit (loss) for the period | 9904 | €17,088 | €25,867 | +€8,778 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,088 | €25,867 | +€8,778 | +51.4% |
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 9 October 2026 via checked.be.