ROBUST: 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.
ROBUST
Largest movements
- Receivables within one year -€193,357
down €193,357 (-58.3%), from €331,704 to €138,347
of which Other amounts receivable: -€193,838
- Cash +€67,782
up €67,782 (+76.2%), from €88,908 to €156,690
mainly Receivables within one year (+€193,357) and Net result for the year (+€97,069)
- Tangible fixed assets -€12,596
down €12,596 (-29.5%), from €42,650 to €30,054
of which Furniture and vehicles: -€12,174
- Current investments +€6,875
up €6,875 (+6.9%), from €99,943 to €106,818
- Deferred charges and accrued income -€6,162
down €6,162 (-100%), from €6,162 to €0
- Reserves -€152,931
down €152,931 (-29.7%), from €514,192 to €361,261
- Other debts +€23,093
up €23,093 (+126%), from €18,393 to €41,486
- Accrued charges and deferred income -€6,570
down €6,570 (-79.0%), from €8,313 to €1,744
- Gross operating margin +€51,243
up €51,243 (+63.7%), from €80,410 to €131,653
- Taxes +€11,883
up €11,883 (+89.7%), from €13,253 to €25,136
- Financial charges -€8,494
down €8,494 (-87.8%), from €9,679 to €1,184
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 | €570,832 | €432,275 | -€138,557 | -24.3% |
| Fixed assets | 21/28 | €44,114 | €30,420 | -€13,694 | -31.0% |
| Intangible fixed assets | 21 | €1,464 | €366 | -€1,098 | -75.0% |
| Tangible fixed assets | 22/27 | €42,650 | €30,054 | -€12,596 | -29.5% |
| Plant, machinery and equipment | 23 | €2,253 | €1,830 | -€423 | -18.8% |
| Furniture and vehicles | 24 | €40,398 | €28,224 | -€12,174 | -30.1% |
| Current assets | 29/58 | €526,717 | €401,855 | -€124,863 | -23.7% |
| Amounts receivable within one year | 40/41 | €331,704 | €138,347 | -€193,357 | -58.3% |
| Trade receivables | 40 | €62,533 | €63,014 | +€481 | +0.8% |
| Other amounts receivable | 41 | €269,171 | €75,333 | -€193,838 | -72.0% |
| Current investments | 50/53 | €99,943 | €106,818 | +€6,875 | +6.9% |
| Cash at bank and in hand | 54/58 | €88,908 | €156,690 | +€67,782 | +76.2% |
| Deferred charges and accrued income | 490/1 | €6,162 | €0 | -€6,162 | -100% |
| Total equity and liabilities | 10/49 | €570,832 | €432,275 | -€138,557 | -24.3% |
| Equity | 10/15 | €532,792 | €379,861 | -€152,931 | -28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €514,192 | €361,261 | -€152,931 | -29.7% |
| Distributable reserves | 133 | €514,192 | €361,261 | -€152,931 | -29.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,040 | €52,414 | +€14,374 | +37.8% |
| Amounts payable within one year | 42/48 | €29,727 | €50,671 | +€20,944 | +70.5% |
| Trade debts | 44 | €2,502 | €801 | -€1,702 | -68.0% |
| Suppliers | 440/4 | €2,502 | €801 | -€1,702 | -68.0% |
| Taxes, remuneration and social security | 45 | €8,832 | €8,384 | -€448 | -5.1% |
| Taxes | 450/3 | €6,732 | €5,884 | -€848 | -12.6% |
| Remuneration and social security | 454/9 | €2,100 | €2,500 | +€400 | +19.0% |
| Other amounts payable | 47/48 | €18,393 | €41,486 | +€23,093 | +126% |
| Accrued charges and deferred income | 492/3 | €8,313 | €1,744 | -€6,570 | -79.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,854 | €13,694 | -€160 | -1.2% |
| Other operating charges | 640/8 | €356 | €287 | -€68 | -19.2% |
| Gross operating margin | 9900 | €80,410 | €131,653 | +€51,243 | +63.7% |
| Operating profit (loss) | 9901 | €66,200 | €117,672 | +€51,471 | +77.8% |
| Financial income | 75/76B | €6,246 | €5,718 | -€528 | -8.5% |
| Recurring financial income | 75 | €6,246 | €5,718 | -€528 | -8.5% |
| Financial charges | 65/66B | €9,679 | €1,184 | -€8,494 | -87.8% |
| Recurring financial charges | 65 | €9,679 | €1,184 | -€8,494 | -87.8% |
| Profit (loss) for the period before taxes | 9903 | €62,768 | €122,205 | +€59,437 | +94.7% |
| Income taxes | 67/77 | €13,253 | €25,136 | +€11,883 | +89.7% |
| Profit (loss) for the period | 9904 | €49,515 | €97,069 | +€47,554 | +96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,515 | €97,069 | +€47,554 | +96.0% |
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 26 October 2026 via checked.be.