ROBEL: what changed
What changed
ROBEL
filed annual accounts (NBB)
Net result for the year
-€3,668
2024 · -€1,854-€1,814
Equity
€199,666
2024 · €203,334-€3,668
Cash
€25,277
2024 · €5,581+€19,696
Balance sheet total
€483,022
2024 · €495,118-€12,097
Largest movements
Assets
- Tangible fixed assets -€25,010
down €25,010 (-5.2%), from €477,688 to €452,679
of which Land and buildings: -€25,010
- Cash +€19,696
up €19,696 (+353%), from €5,581 to €25,277
mainly Depreciation (+€25,010) and Other debts (+€9,753)
- Deferred charges and accrued income -€7,471
down €7,471 (-63.1%), from €11,849 to €4,378
Equity and liabilities
- Debts after one year -€10,015
down €10,015 (-12.2%), from €82,324 to €72,308
- Other debts +€9,753
up €9,753 (+6.4%), from €151,509 to €161,262
Income statement
- Gross operating margin -€3,311
down €3,311 (-7.8%), from €42,661 to €39,350
- Financial charges -€1,672
down €1,672 (-11.7%), from €14,345 to €12,673
- Depreciation -€1,580
down €1,580 (-5.9%), from €26,590 to €25,010
- Taxes +€562
new in 2025: €562
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1,854
Gross operating margin
-€3,311
Depreciation
+€1,580
Other operating charges
-€126
Other operating items
-€1,067
Financial income
+€0
Financial charges
+€1,672
Taxes
-€562
Result 2025
-€3,668
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€34,823
Investment
-€250
Financing
-€14,877
Cash 2024
€5,581
From operations (derived)
+€34,823
Net result for the year
-€3,668
Depreciation
+€25,010
Receivables within one year
-€438
Deferred charges and accrued income
+€7,471
Provisions
-€2,115
Other debts
+€9,753
Accrued charges and deferred income
-€1,191
Investment (derived)
-€250
Investment in fixed assets (net)
-€250
Financing
-€14,877
Debts after one year
-€10,015
Current portion of long-term debt
-€4,861
Cash 2025
€25,277
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €495,118 | €483,022 | -€12,097 | -2.4% |
| Fixed assets | 21/28 | €477,688 | €452,929 | -€24,760 | -5.2% |
| Tangible fixed assets | 22/27 | €477,688 | €452,679 | -€25,010 | -5.2% |
| Land and buildings | 22 | €477,688 | €452,679 | -€25,010 | -5.2% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €17,430 | €30,093 | +€12,663 | +72.6% |
| Amounts receivable within one year | 40/41 | - | €438 | +€438 | |
| Other amounts receivable | 41 | - | €438 | +€438 | |
| Cash at bank and in hand | 54/58 | €5,581 | €25,277 | +€19,696 | +353% |
| Deferred charges and accrued income | 490/1 | €11,849 | €4,378 | -€7,471 | -63.1% |
| Total equity and liabilities | 10/49 | €495,118 | €483,022 | -€12,097 | -2.4% |
| Equity | 10/15 | €203,334 | €199,666 | -€3,668 | -1.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €133,077 | €129,232 | -€3,844 | -2.9% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,477 | €76,132 | -€6,344 | -7.7% |
| Distributable reserves | 133 | €43,600 | €46,100 | +€2,500 | +5.7% |
| Profit (loss) carried forward | 14 | €257 | €434 | +€177 | +68.8% |
| Provisions and deferred taxes | 16 | €27,492 | €25,377 | -€2,115 | -7.7% |
| Deferred taxes | 168 | €27,492 | €25,377 | -€2,115 | -7.7% |
| Amounts payable | 17/49 | €264,293 | €257,978 | -€6,314 | -2.4% |
| Amounts payable after more than one year | 17 | €82,324 | €72,308 | -€10,015 | -12.2% |
| Financial debts | 170/4 | €82,324 | €72,308 | -€10,015 | -12.2% |
| Amounts payable within one year | 42/48 | €166,385 | €171,277 | +€4,892 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €14,877 | €10,015 | -€4,861 | -32.7% |
| Other amounts payable | 47/48 | €151,509 | €161,262 | +€9,753 | +6.4% |
| Accrued charges and deferred income | 492/3 | €15,583 | €14,393 | -€1,191 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,590 | €25,010 | -€1,580 | -5.9% |
| Other operating charges | 640/8 | €5,695 | €5,821 | +€126 | +2.2% |
| Non-recurring operating charges | 66A | - | €1,067 | +€1,067 | |
| Gross operating margin | 9900 | €42,661 | €39,350 | -€3,311 | -7.8% |
| Operating profit (loss) | 9901 | €10,376 | €7,453 | -€2,924 | -28.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €14,345 | €12,673 | -€1,672 | -11.7% |
| Recurring financial charges | 65 | €14,345 | €12,673 | -€1,672 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,969 | -€5,220 | -€1,252 | -31.5% |
| Transfer from deferred taxes | 780 | €2,115 | €2,115 | = | 0.0% |
| Income taxes | 67/77 | - | €562 | +€562 | |
| Profit (loss) for the period | 9904 | -€1,854 | -€3,668 | -€1,814 | -97.8% |
| Transfer from tax-exempt reserves | 789 | €6,344 | €6,344 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,491 | €2,677 | -€1,814 | -40.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.