Van Robays: 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.
What changed
Van Robays
NACE 42.110, Construction of roads and motorways
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€908,920
2024 · €306,775+€602,145
Equity
€3.1m
2024 · €2.2m+€908,920
Cash
€2.2m
2024 · €759,628+€1.4m
Balance sheet total
€6.3m
2024 · €5.0m+€1.3m
Largest movements
Assets
- Cash +€1.4m
up €1.4m (+188.4%), from €759,628 to €2.2m
mainly Net result for the year (+€908,920) and Receivables within one year (+€700,157)
- Receivables within one year -€700,157
down €700,157 (-21.4%), from €3.3m to €2.6m
of which Trade receivables: -€664,266
- Tangible fixed assets +€391,410
up €391,410 (+59.8%), from €654,635 to €1.0m
of which Leasing and similar rights: +€273,172
- Current investments +€115,000
new in 2025: €115,000
Equity and liabilities
- Reserves +€908,920
up €908,920 (+48.5%), from €1.9m to €2.8m
of which Distributable reserves: +€760,903
- Tax, wage and social debts +€309,795
up €309,795 (+1600.9%), from €19,351 to €329,146
of which Taxes: +€293,036
- Trade debts -€219,988
down €219,988 (-8.0%), from €2.7m to €2.5m
- Debts after one year +€194,659
new in 2025: €194,659
Income statement
- Gross operating margin +€1.2m
up €1.2m (+63.6%), from €1.9m to €3.1m
- Taxes +€278,029
up €278,029 (+245.0%), from €113,461 to €391,490
- Depreciation +€108,631
up €108,631 (+60.4%), from €179,987 to €288,618
- Staff costs +€104,473
up €104,473 (+8.2%), from €1.3m to €1.4m
- Other operating charges +€43,626
up €43,626 (+282.0%), from €15,470 to €59,096
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.
Result 2024
€306,775
Gross operating margin
+€1.2m
Staff costs
-€104,473
Depreciation
-€108,631
Write-downs
-€30,536
Other operating charges
-€43,626
Other operating items
-€27,114
Financial income
+€6,902
Financial charges
-€11,462
Taxes
-€278,029
Deferred taxes and other
-€17,554
Result 2025
€908,920
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.
From operations
+€2.0m
Investment
-€795,028
Financing
+€249,772
Cash 2024
€759,628
From operations (derived)
+€2.0m
Net result for the year
+€908,920
Depreciation
+€288,618
Stocks and contracts
-€910
Receivables within one year
+€700,157
Deferred charges and accrued income
-€11,942
Provisions
+€15,954
Trade debts
-€219,988
Tax, wage and social debts
+€309,795
Other debts
-€40,139
Accrued charges and deferred income
+€25,952
Investment (derived)
-€795,028
Investment in fixed assets (net)
-€680,028
Current investments
-€115,000
Financing
+€249,772
Debts after one year
+€194,659
Current portion of long-term debt
+€55,113
Cash 2025
€2.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,000,717 | €6,250,982 | +€1.3m | +25.0% |
| Fixed assets | 21/28 | €658,968 | €1,050,378 | +€391,410 | +59.4% |
| Tangible fixed assets | 22/27 | €654,635 | €1,046,045 | +€391,410 | +59.8% |
| Land and buildings | 22 | €19,279 | €14,947 | -€4,332 | -22.5% |
| Plant, machinery and equipment | 23 | €37,083 | €26,487 | -€10,595 | -28.6% |
| Furniture and vehicles | 24 | €598,273 | €731,439 | +€133,166 | +22.3% |
| Leasing and similar rights | 25 | - | €273,172 | +€273,172 | |
| Financial fixed assets | 28 | €4,333 | €4,333 | = | 0.0% |
| Current assets | 29/58 | €4,341,749 | €5,200,605 | +€858,855 | +19.8% |
| Amounts receivable after more than one year | 29 | €264,974 | €264,974 | = | 0.0% |
| Other amounts receivable | 291 | €264,974 | €264,974 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,577 | €2,487 | +€910 | +57.7% |
| Stocks | 30/36 | €1,577 | €2,487 | +€910 | +57.7% |
| Amounts receivable within one year | 40/41 | €3,274,768 | €2,574,610 | -€700,157 | -21.4% |
| Trade receivables | 40 | €2,905,285 | €2,241,019 | -€664,266 | -22.9% |
| Other amounts receivable | 41 | €369,483 | €333,591 | -€35,892 | -9.7% |
| Current investments | 50/53 | - | €115,000 | +€115,000 | |
| Cash at bank and in hand | 54/58 | €759,628 | €2,190,789 | +€1.4m | +188.4% |
| Deferred charges and accrued income | 490/1 | €40,802 | €52,744 | +€11,942 | +29.3% |
| Total equity and liabilities | 10/49 | €5,000,717 | €6,250,982 | +€1.3m | +25.0% |
| Equity | 10/15 | €2,190,606 | €3,099,526 | +€908,920 | +41.5% |
| Contributions | 10/11 | €315,000 | €315,000 | = | 0.0% |
| Capital | 10 | €315,000 | €315,000 | = | 0.0% |
| Issued capital | 100 | €315,000 | €315,000 | = | 0.0% |
| Reserves | 13 | €1,875,606 | €2,784,526 | +€908,920 | +48.5% |
| Non-distributable reserves | 130/1 | €31,500 | €31,500 | = | 0.0% |
| Legal reserve | 130 | €31,500 | €31,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €180,645 | €328,662 | +€148,016 | +81.9% |
| Distributable reserves | 133 | €1,663,461 | €2,424,364 | +€760,903 | +45.7% |
| Provisions and deferred taxes | 16 | €1,333 | €17,287 | +€15,954 | +1196.6% |
| Deferred taxes | 168 | €1,333 | €17,287 | +€15,954 | +1196.6% |
| Amounts payable | 17/49 | €2,808,777 | €3,134,169 | +€325,392 | +11.6% |
| Amounts payable after more than one year | 17 | - | €194,659 | +€194,659 | |
| Financial debts | 170/4 | - | €194,659 | +€194,659 | |
| Amounts payable within one year | 42/48 | €2,805,070 | €2,909,851 | +€104,781 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | - | €55,113 | +€55,113 | |
| Trade debts | 44 | €2,734,337 | €2,514,349 | -€219,988 | -8.0% |
| Suppliers | 440/4 | €2,734,337 | €2,514,349 | -€219,988 | -8.0% |
| Taxes, remuneration and social security | 45 | €19,351 | €329,146 | +€309,795 | +1600.9% |
| Taxes | 450/3 | €1,791 | €294,827 | +€293,036 | +16358.9% |
| Remuneration and social security | 454/9 | €17,560 | €34,319 | +€16,759 | +95.4% |
| Other amounts payable | 47/48 | €51,382 | €11,243 | -€40,139 | -78.1% |
| Accrued charges and deferred income | 492/3 | €3,707 | €29,659 | +€25,952 | +700.1% |
| Non-recurring operating income | 76A | €98,000 | €95,350 | -€2,650 | -2.7% |
| Remuneration, social security and pensions | 62 | €1,279,237 | €1,383,710 | +€104,473 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €179,987 | €288,618 | +€108,631 | +60.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €30,536 | +€30,536 | |
| Other operating charges | 640/8 | €15,470 | €59,096 | +€43,626 | +282.0% |
| Non-recurring operating charges | 66A | - | €27,114 | +€27,114 | |
| Gross operating margin | 9900 | €1,913,078 | €3,129,746 | +€1.2m | +63.6% |
| Operating profit (loss) | 9901 | €438,384 | €1,340,673 | +€902,289 | +205.8% |
| Financial income | 75/76B | €2,310 | €9,212 | +€6,902 | +298.8% |
| Recurring financial income | 75 | €2,310 | €9,212 | +€6,902 | +298.8% |
| Financial charges | 65/66B | €22,059 | €33,521 | +€11,462 | +52.0% |
| Recurring financial charges | 65 | €22,059 | €33,521 | +€11,462 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | €418,636 | €1,316,364 | +€897,728 | +214.4% |
| Transfer from deferred taxes | 780 | €1,600 | €1,316 | -€284 | -17.8% |
| Transfer to deferred taxes | 680 | - | €17,270 | +€17,270 | |
| Income taxes | 67/77 | €113,461 | €391,490 | +€278,029 | +245.0% |
| Profit (loss) for the period | 9904 | €306,775 | €908,920 | +€602,145 | +196.3% |
| Transfer from tax-exempt reserves | 789 | €6,400 | €5,264 | -€1,136 | -17.8% |
| Transfer to tax-exempt reserves | 689 | - | €153,280 | +€153,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €313,175 | €760,903 | +€447,728 | +143.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.