The Roberts: 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.
The Roberts
Largest movements
- Receivables within one year -€108,713
down €108,713 (-55.4%), from €196,125 to €87,412
of which Trade receivables: -€110,239
- Intangible fixed assets -€42,480
down €42,480 (-17.5%), from €242,741 to €200,262
- Stocks and contracts +€38,376
up €38,376 (+29.7%), from €129,049 to €167,424
- Tangible fixed assets -€16,126
down €16,126 (-12.4%), from €130,020 to €113,894
of which Plant, machinery and equipment: -€14,281
- Cash +€10,775
up €10,775 (+157.1%), from €6,857 to €17,632
mainly Receivables within one year (+€108,713) and Depreciation (+€72,418)
- Trade debts -€70,149
down €70,149 (-42.7%), from €164,254 to €94,105
- Tax, wage and social debts -€33,817
down €33,817 (-58.5%), from €57,760 to €23,943
- Debts after one year -€21,995
down €21,995 (-29.1%), from €75,502 to €53,507
- Accrued charges and deferred income -€8,640
down €8,640 (-100.0%), from €8,640 to €0
- Other debts +€8,486
up €8,486 (+5.6%), from €150,442 to €158,928
- Gross operating margin -€51,096
down €51,096 (-35.2%), from €144,971 to €93,875
- Taxes -€15,314
down €15,314 (-100.0%), from €15,314 to €0
- Depreciation +€12,137
up €12,137 (+20.1%), from €60,281 to €72,418
- Financial charges -€7,103
down €7,103 (-60.9%), from €11,661 to €4,558
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 | €704,792 | €586,624 | -€118,168 | -16.8% |
| Fixed assets | 21/28 | €372,761 | €314,156 | -€58,605 | -15.7% |
| Intangible fixed assets | 21 | €242,741 | €200,262 | -€42,480 | -17.5% |
| Tangible fixed assets | 22/27 | €130,020 | €113,894 | -€16,126 | -12.4% |
| Plant, machinery and equipment | 23 | €125,105 | €110,824 | -€14,281 | -11.4% |
| Furniture and vehicles | 24 | €4,915 | €3,069 | -€1,845 | -37.5% |
| Current assets | 29/58 | €332,031 | €272,469 | -€59,562 | -17.9% |
| Stocks and contracts in progress | 3 | €129,049 | €167,424 | +€38,376 | +29.7% |
| Stocks | 30/36 | €129,049 | €167,424 | +€38,376 | +29.7% |
| Amounts receivable within one year | 40/41 | €196,125 | €87,412 | -€108,713 | -55.4% |
| Trade receivables | 40 | €195,726 | €85,487 | -€110,239 | -56.3% |
| Other amounts receivable | 41 | €399 | €1,925 | +€1,526 | +382.5% |
| Cash at bank and in hand | 54/58 | €6,857 | €17,632 | +€10,775 | +157.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €704,792 | €586,624 | -€118,168 | -16.8% |
| Equity | 10/15 | €227,050 | €231,340 | +€4,289 | +1.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €224,050 | €228,340 | +€4,289 | +1.9% |
| Distributable reserves | 133 | €224,050 | €228,340 | +€4,289 | +1.9% |
| Amounts payable | 17/49 | €477,741 | €355,284 | -€122,457 | -25.6% |
| Amounts payable after more than one year | 17 | €75,502 | €53,507 | -€21,995 | -29.1% |
| Financial debts | 170/4 | €75,502 | €53,507 | -€21,995 | -29.1% |
| Amounts payable within one year | 42/48 | €393,600 | €301,777 | -€91,823 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €21,143 | €24,802 | +€3,659 | +17.3% |
| Trade debts | 44 | €164,254 | €94,105 | -€70,149 | -42.7% |
| Suppliers | 440/4 | €164,254 | €94,105 | -€70,149 | -42.7% |
| Taxes, remuneration and social security | 45 | €57,760 | €23,943 | -€33,817 | -58.5% |
| Taxes | 450/3 | €57,760 | €23,943 | -€33,817 | -58.5% |
| Other amounts payable | 47/48 | €150,442 | €158,928 | +€8,486 | +5.6% |
| Accrued charges and deferred income | 492/3 | €8,640 | €0 | -€8,640 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,281 | €72,418 | +€12,137 | +20.1% |
| Other operating charges | 640/8 | €507 | €487 | -€20 | -3.9% |
| Non-recurring operating charges | 66A | - | €12,122 | +€12,122 | |
| Gross operating margin | 9900 | €144,971 | €93,875 | -€51,096 | -35.2% |
| Operating profit (loss) | 9901 | €84,183 | €8,848 | -€75,335 | -89.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €11,661 | €4,558 | -€7,103 | -60.9% |
| Recurring financial charges | 65 | €11,661 | €4,558 | -€7,103 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €72,522 | €4,289 | -€68,232 | -94.1% |
| Income taxes | 67/77 | €15,314 | €0 | -€15,314 | -100.0% |
| Profit (loss) for the period | 9904 | €57,207 | €4,289 | -€52,918 | -92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,207 | €4,289 | -€52,918 | -92.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.