Vincent ROBAYE: 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.
Vincent ROBAYE
Largest movements
- Tangible fixed assets +€28,016
up €28,016 (+121%), from €23,070 to €51,087
of which Furniture and vehicles: +€36,127
- Receivables within one year -€4,949
down €4,949 (-37.6%), from €13,163 to €8,214
of which Trade receivables: -€3,322
- Deferred charges and accrued income +€1,573
up €1,573 (+451%), from €349 to €1,922
- Other debts +€47,315
up €47,315 (+194%), from €24,406 to €71,721
- Profit (loss) carried forward -€30,000
down €30,000 (-86.6%), from €34,638 to €4,638
- Reserves +€6,515
up €6,515 (+52.2%), from €12,486 to €19,001
- Gross operating margin +€12,006
up €12,006 (+84.4%), from €14,217 to €26,224
- Financial charges +€2,612
up €2,612 (+4,614%), from €57 to €2,669
- Taxes +€2,082
up €2,082, from €0 to €2,082
- Staff costs -€619
down €619 (-100%), from €619 to €0
- Depreciation +€290
up €290 (+2.1%), from €14,132 to €14,422
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 | €77,662 | €101,369 | +€23,707 | +30.5% |
| Fixed assets | 21/28 | €23,070 | €51,087 | +€28,016 | +121% |
| Tangible fixed assets | 22/27 | €23,070 | €51,087 | +€28,016 | +121% |
| Plant, machinery and equipment | 23 | €21,054 | €12,943 | -€8,110 | -38.5% |
| Furniture and vehicles | 24 | €2,016 | €38,143 | +€36,127 | +1,792% |
| Current assets | 29/58 | €54,592 | €50,282 | -€4,310 | -7.9% |
| Stocks and contracts in progress | 3 | €16,770 | €16,476 | -€294 | -1.8% |
| Stocks | 30/36 | €16,770 | €16,476 | -€294 | -1.8% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,163 | €8,214 | -€4,949 | -37.6% |
| Trade receivables | 40 | €7,256 | €3,933 | -€3,322 | -45.8% |
| Other amounts receivable | 41 | €5,908 | €4,281 | -€1,627 | -27.5% |
| Cash at bank and in hand | 54/58 | €24,310 | €23,671 | -€640 | -2.6% |
| Deferred charges and accrued income | 490/1 | €349 | €1,922 | +€1,573 | +451% |
| Total equity and liabilities | 10/49 | €77,662 | €101,369 | +€23,707 | +30.5% |
| Equity | 10/15 | €52,124 | €28,639 | -€23,485 | -45.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,486 | €19,001 | +€6,515 | +52.2% |
| Distributable reserves | 133 | €12,486 | €19,001 | +€6,515 | +52.2% |
| Profit (loss) carried forward | 14 | €34,638 | €4,638 | -€30,000 | -86.6% |
| Amounts payable | 17/49 | €25,538 | €72,730 | +€47,192 | +185% |
| Amounts payable within one year | 42/48 | €25,538 | €72,730 | +€47,192 | +185% |
| Trade debts | 44 | €1,132 | €826 | -€306 | -27.0% |
| Suppliers | 440/4 | €1,132 | €826 | -€306 | -27.0% |
| Taxes, remuneration and social security | 45 | €0 | €183 | +€183 | |
| Taxes | 450/3 | €0 | €183 | +€183 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,406 | €71,721 | +€47,315 | +194% |
| Remuneration, social security and pensions | 62 | €619 | €0 | -€619 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,132 | €14,422 | +€290 | +2.1% |
| Other operating charges | 640/8 | €610 | €537 | -€73 | -11.9% |
| Gross operating margin | 9900 | €14,217 | €26,224 | +€12,006 | +84.4% |
| Operating profit (loss) | 9901 | -€1,144 | €11,264 | +€12,409 | |
| Financial income | 75/76B | €18 | €1 | -€17 | -92.6% |
| Recurring financial income | 75 | €18 | €1 | -€17 | -92.6% |
| Financial charges | 65/66B | €57 | €2,669 | +€2,612 | +4,614% |
| Recurring financial charges | 65 | €57 | €2,669 | +€2,612 | +4,614% |
| Profit (loss) for the period before taxes | 9903 | -€1,183 | €8,597 | +€9,780 | |
| Income taxes | 67/77 | €0 | €2,082 | +€2,082 | |
| Profit (loss) for the period | 9904 | -€1,183 | €6,515 | +€7,698 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,183 | €6,515 | +€7,698 |
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 19 October 2026 via checked.be.