W. ROBBEN: 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.
W. ROBBEN
Largest movements
- Current investments -€650,618
down €650,618 (-42.5%), from €1.5m to €878,730
- Tangible fixed assets +€307,914
up €307,914 (+309.6%), from €99,442 to €407,356
of which Land and buildings: +€273,131
- Cash +€185,726
up €185,726 (+88.6%), from €209,716 to €395,442
mainly Current investments (+€650,618) and Net result for the year (+€194,621)
- Contributions -€207,000
down €207,000 (-91.2%), from €227,000 to €20,000
- Other debts +€27,552
up €27,552 (+5.9%), from €470,661 to €498,213
- Tax, wage and social debts +€22,242
up €22,242 (+87.4%), from €25,450 to €47,692
of which Taxes: +€22,242
- Reserves +€19,621
up €19,621 (+1.7%), from €1.1m to €1.1m
of which Distributable reserves: +€19,621
- Financial income +€64,000
up €64,000 (+186.5%), from €34,311 to €98,311
- Gross operating margin +€23,098
up €23,098 (+11.2%), from €206,042 to €229,139
- Depreciation +€9,985
up €9,985 (+118.4%), from €8,432 to €18,417
- Financial charges +€8,595
up €8,595 (+25.4%), from €33,853 to €42,449
- Taxes +€7,161
up €7,161 (+11.8%), from €60,569 to €67,729
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 | €1,877,510 | €1,733,534 | -€143,976 | -7.7% |
| Fixed assets | 21/28 | €99,442 | €407,356 | +€307,914 | +309.6% |
| Tangible fixed assets | 22/27 | €99,442 | €407,356 | +€307,914 | +309.6% |
| Land and buildings | 22 | €94,279 | €367,410 | +€273,131 | +289.7% |
| Furniture and vehicles | 24 | €5,163 | €39,946 | +€34,783 | +673.7% |
| Current assets | 29/58 | €1,778,068 | €1,326,178 | -€451,890 | -25.4% |
| Amounts receivable within one year | 40/41 | €29,385 | €39,921 | +€10,536 | +35.9% |
| Trade receivables | 40 | €29,356 | €39,451 | +€10,095 | +34.4% |
| Other amounts receivable | 41 | €29 | €470 | +€441 | +1520.7% |
| Current investments | 50/53 | €1,529,348 | €878,730 | -€650,618 | -42.5% |
| Cash at bank and in hand | 54/58 | €209,716 | €395,442 | +€185,726 | +88.6% |
| Deferred charges and accrued income | 490/1 | €9,619 | €12,085 | +€2,465 | +25.6% |
| Total equity and liabilities | 10/49 | €1,877,510 | €1,733,534 | -€143,976 | -7.7% |
| Equity | 10/15 | €1,355,187 | €1,167,809 | -€187,379 | -13.8% |
| Contributions | 10/11 | €227,000 | €20,000 | -€207,000 | -91.2% |
| Reserves | 13 | €1,128,187 | €1,147,809 | +€19,621 | +1.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,128,187 | €1,147,809 | +€19,621 | +1.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €522,323 | €565,725 | +€43,402 | +8.3% |
| Amounts payable within one year | 42/48 | €518,092 | €561,751 | +€43,659 | +8.4% |
| Trade debts | 44 | €21,982 | €15,846 | -€6,136 | -27.9% |
| Suppliers | 440/4 | €21,982 | €15,846 | -€6,136 | -27.9% |
| Taxes, remuneration and social security | 45 | €25,450 | €47,692 | +€22,242 | +87.4% |
| Taxes | 450/3 | €25,450 | €47,692 | +€22,242 | +87.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €470,661 | €498,213 | +€27,552 | +5.9% |
| Accrued charges and deferred income | 492/3 | €4,231 | €3,974 | -€257 | -6.1% |
| Non-recurring operating income | 76A | - | €2,066 | +€2,066 | |
| Remuneration, social security and pensions | 62 | €1,507 | €0 | -€1,507 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,432 | €18,417 | +€9,985 | +118.4% |
| Other operating charges | 640/8 | €3,929 | €4,234 | +€305 | +7.8% |
| Non-recurring operating charges | 66A | €103 | €0 | -€103 | -100.0% |
| Gross operating margin | 9900 | €206,042 | €229,139 | +€23,098 | +11.2% |
| Operating profit (loss) | 9901 | €192,070 | €206,488 | +€14,418 | +7.5% |
| Financial income | 75/76B | €34,311 | €98,311 | +€64,000 | +186.5% |
| Recurring financial income | 75 | €34,311 | €98,311 | +€64,000 | +186.5% |
| Financial charges | 65/66B | €33,853 | €42,449 | +€8,595 | +25.4% |
| Recurring financial charges | 65 | €33,853 | €42,449 | +€8,595 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €192,528 | €262,351 | +€69,823 | +36.3% |
| Income taxes | 67/77 | €60,569 | €67,729 | +€7,161 | +11.8% |
| Profit (loss) for the period | 9904 | €131,959 | €194,621 | +€62,662 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €131,959 | €194,621 | +€62,662 | +47.5% |
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.