VANROBAEYS - MAHIEU: 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.
VANROBAEYS - MAHIEU
Largest movements
- Cash +€60,163
up €60,163 (+531%), from €11,322 to €71,485
mainly Depreciation (+€41,785) and Net result for the year (+€18,105)
- Tangible fixed assets -€41,785
down €41,785 (-17.8%), from €234,737 to €192,952
of which Furniture and vehicles: -€24,999
- Receivables within one year -€11,185
down €11,185 (-43.0%), from €26,017 to €14,832
of which Other amounts receivable: -€18,505
- Profit (loss) carried forward +€18,105
up €18,105 (+74.6%), from -€24,278 to -€6,173
- Debts after one year -€14,551
down €14,551 (-13.5%), from €107,622 to €93,071
- Other debts +€6,985
up €6,985 (+365%), from €1,915 to €8,900
- Gross operating margin +€40,405
up €40,405 (+186%), from €21,771 to €62,176
- Financial income +€2,000
up €2,000 (+183%), from €1,093 to €3,093
- Taxes +€924
up €924 (+144%), from €640 to €1,564
- Depreciation -€794
down €794 (-1.9%), from €42,579 to €41,785
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 | €411,871 | €419,064 | +€7,193 | +1.7% |
| Fixed assets | 21/28 | €234,737 | €192,952 | -€41,785 | -17.8% |
| Tangible fixed assets | 22/27 | €234,737 | €192,952 | -€41,785 | -17.8% |
| Land and buildings | 22 | €161,250 | €148,250 | -€13,000 | -8.1% |
| Plant, machinery and equipment | 23 | €3,927 | €2,052 | -€1,875 | -47.7% |
| Furniture and vehicles | 24 | €66,153 | €41,154 | -€24,999 | -37.8% |
| Other tangible fixed assets | 26 | €3,407 | €1,496 | -€1,911 | -56.1% |
| Current assets | 29/58 | €177,134 | €226,112 | +€48,978 | +27.7% |
| Amounts receivable within one year | 40/41 | €26,017 | €14,832 | -€11,185 | -43.0% |
| Trade receivables | 40 | €7,420 | €14,740 | +€7,320 | +98.7% |
| Other amounts receivable | 41 | €18,597 | €92 | -€18,505 | -99.5% |
| Current investments | 50/53 | €139,795 | €139,795 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,322 | €71,485 | +€60,163 | +531% |
| Total equity and liabilities | 10/49 | €411,871 | €419,064 | +€7,193 | +1.7% |
| Equity | 10/15 | €274,185 | €292,290 | +€18,105 | +6.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €273,463 | €273,463 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,500 | €15,500 | = | 0.0% |
| Distributable reserves | 133 | €255,463 | €255,463 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,278 | -€6,173 | +€18,105 | +74.6% |
| Amounts payable | 17/49 | €137,686 | €126,774 | -€10,912 | -7.9% |
| Amounts payable after more than one year | 17 | €107,622 | €93,071 | -€14,551 | -13.5% |
| Financial debts | 170/4 | €107,622 | €93,071 | -€14,551 | -13.5% |
| Amounts payable within one year | 42/48 | €24,138 | €27,778 | +€3,640 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €14,289 | €14,551 | +€262 | +1.8% |
| Trade debts | 44 | €7,622 | €3,688 | -€3,934 | -51.6% |
| Suppliers | 440/4 | €7,622 | €3,688 | -€3,934 | -51.6% |
| Taxes, remuneration and social security | 45 | €312 | €639 | +€327 | +105% |
| Taxes | 450/3 | €312 | €639 | +€327 | +105% |
| Other amounts payable | 47/48 | €1,915 | €8,900 | +€6,985 | +365% |
| Accrued charges and deferred income | 492/3 | €5,926 | €5,925 | -€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,579 | €41,785 | -€794 | -1.9% |
| Other operating charges | 640/8 | €1,216 | €1,258 | +€42 | +3.5% |
| Gross operating margin | 9900 | €21,771 | €62,176 | +€40,405 | +186% |
| Operating profit (loss) | 9901 | -€22,024 | €19,133 | +€41,157 | |
| Financial income | 75/76B | €1,093 | €3,093 | +€2,000 | +183% |
| Recurring financial income | 75 | €1,093 | €3,093 | +€2,000 | +183% |
| Financial charges | 65/66B | €2,707 | €2,557 | -€150 | -5.5% |
| Recurring financial charges | 65 | €2,707 | €2,557 | -€150 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,638 | €19,669 | +€43,307 | |
| Income taxes | 67/77 | €640 | €1,564 | +€924 | +144% |
| Profit (loss) for the period | 9904 | -€24,278 | €18,105 | +€42,383 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,278 | €18,105 | +€42,383 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.