W.A. ROBIN: 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.
W.A. ROBIN
Largest movements
- Stocks and contracts -€23,400
down €23,400 (-63.8%), from €36,650 to €13,250
- Receivables within one year +€18,475
up €18,475 (+110%), from €16,801 to €35,275
- Trade debts -€3,062
down €3,062 (-78.5%), from €3,903 to €840
- Other debts -€1,798
down €1,798 (-6.1%), from €29,475 to €27,678
- Depreciation -€1,107
no longer reported in 2025 (was €1,107)
- Gross operating margin -€527
down €527 (-41.2%), from €1,279 to €752
- Taxes +€93
new in 2025: €93
- Financial charges +€39
up €39 (+86.3%), from €46 to €85
- Other operating charges +€37
up €37 (+29.4%), from €126 to €163
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 | €65,657 | €61,209 | -€4,448 | -6.8% |
| Fixed assets | 21/28 | €2,303 | €2,303 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,303 | €2,303 | = | 0.0% |
| Furniture and vehicles | 24 | €2,303 | €2,303 | = | 0.0% |
| Current assets | 29/58 | €63,354 | €58,906 | -€4,448 | -7.0% |
| Stocks and contracts in progress | 3 | €36,650 | €13,250 | -€23,400 | -63.8% |
| Stocks | 30/36 | €36,650 | €13,250 | -€23,400 | -63.8% |
| Amounts receivable within one year | 40/41 | €16,801 | €35,275 | +€18,475 | +110% |
| Trade receivables | 40 | €16,801 | €35,275 | +€18,475 | +110% |
| Cash at bank and in hand | 54/58 | €9,904 | €10,381 | +€478 | +4.8% |
| Total equity and liabilities | 10/49 | €65,657 | €61,209 | -€4,448 | -6.8% |
| Equity | 10/15 | €31,159 | €31,571 | +€411 | +1.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €31,158 | €31,570 | +€411 | +1.3% |
| Distributable reserves | 133 | €31,158 | €31,570 | +€411 | +1.3% |
| Amounts payable | 17/49 | €34,498 | €29,639 | -€4,859 | -14.1% |
| Amounts payable within one year | 42/48 | €34,498 | €29,639 | -€4,859 | -14.1% |
| Trade debts | 44 | €3,903 | €840 | -€3,062 | -78.5% |
| Suppliers | 440/4 | €3,903 | €840 | -€3,062 | -78.5% |
| Taxes, remuneration and social security | 45 | €1,120 | €1,121 | +€1 | +0.1% |
| Taxes | 450/3 | €1,120 | €1,121 | +€1 | +0.1% |
| Other amounts payable | 47/48 | €29,475 | €27,678 | -€1,798 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,107 | - | -€1,107 | |
| Other operating charges | 640/8 | €126 | €163 | +€37 | +29.4% |
| Gross operating margin | 9900 | €1,279 | €752 | -€527 | -41.2% |
| Operating profit (loss) | 9901 | €46 | €589 | +€543 | +1,178% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.9% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.9% |
| Financial charges | 65/66B | €46 | €85 | +€39 | +86.3% |
| Recurring financial charges | 65 | €46 | €85 | +€39 | +86.3% |
| Profit (loss) for the period before taxes | 9903 | €1 | €504 | +€503 | +50,802% |
| Income taxes | 67/77 | - | €93 | +€93 | |
| Profit (loss) for the period | 9904 | €1 | €411 | +€410 | +41,425% |
| Profit (loss) for the period to be appropriated | 9905 | €1 | €411 | +€410 | +41,425% |
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 16 October 2026 via checked.be.