ROBECA: what changed
ROBECA
Largest movements
- Receivables within one year +€225,148
up €225,148 (+102%), from €220,590 to €445,738
of which Trade receivables: +€248,400
- Tangible fixed assets -€84,384
down €84,384 (-51.3%), from €164,650 to €80,266
- Cash -€10,787
down €10,787 (-68.7%), from €15,693 to €4,906
mainly Receivables within one year (-€225,148) and Short-term financial debts (-€26,537)
- Deferred charges and accrued income +€7,034
up €7,034 (+85.0%), from €8,277 to €15,312
- Tax, wage and social debts +€73,713
up €73,713 (+120%), from €61,525 to €135,238
of which Remuneration and social security: +€73,798
- Profit (loss) carried forward +€56,794
up €56,794 (+17.7%), from €320,233 to €377,027
- Trade debts +€28,721
up €28,721 (+63.5%), from €45,207 to €73,928
- Short-term financial debts -€26,537
no longer reported in 2025 (was €26,537)
- Staff costs +€109,359
up €109,359 (+16.5%), from €662,836 to €772,195
- Gross operating margin +€69,764
up €69,764 (+8.3%), from €841,059 to €910,824
- Other operating charges +€25,893
up €25,893 (+1,168%), from €2,217 to €28,110
- Financial income +€20,541
up €20,541 (+546%), from €3,762 to €24,303
- Taxes +€9,123
new in 2025: €9,123
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,936 | €613,185 | +€134,249 | +28.0% |
| Fixed assets | 21/28 | €164,750 | €80,366 | -€84,384 | -51.2% |
| Tangible fixed assets | 22/27 | €164,650 | €80,266 | -€84,384 | -51.3% |
| Land and buildings | 22 | €30,044 | - | -€30,044 | |
| Plant, machinery and equipment | 23 | €95,779 | €80,266 | -€15,513 | -16.2% |
| Furniture and vehicles | 24 | €38,827 | - | -€38,827 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €314,186 | €532,819 | +€218,633 | +69.6% |
| Stocks and contracts in progress | 3 | €69,626 | €66,864 | -€2,762 | -4.0% |
| Stocks | 30/36 | €69,626 | €66,864 | -€2,762 | -4.0% |
| Amounts receivable within one year | 40/41 | €220,590 | €445,738 | +€225,148 | +102% |
| Trade receivables | 40 | €172,816 | €421,216 | +€248,400 | +144% |
| Other amounts receivable | 41 | €47,774 | €24,522 | -€23,252 | -48.7% |
| Cash at bank and in hand | 54/58 | €15,693 | €4,906 | -€10,787 | -68.7% |
| Deferred charges and accrued income | 490/1 | €8,277 | €15,312 | +€7,034 | +85.0% |
| Total equity and liabilities | 10/49 | €478,936 | €613,185 | +€134,249 | +28.0% |
| Equity | 10/15 | €345,283 | €402,077 | +€56,794 | +16.4% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320,233 | €377,027 | +€56,794 | +17.7% |
| Amounts payable | 17/49 | €133,653 | €211,108 | +€77,455 | +58.0% |
| Amounts payable within one year | 42/48 | €133,268 | €211,108 | +€77,839 | +58.4% |
| Financial debts | 43 | €26,537 | - | -€26,537 | |
| Credit institutions | 430/8 | €26,537 | - | -€26,537 | |
| Trade debts | 44 | €45,207 | €73,928 | +€28,721 | +63.5% |
| Suppliers | 440/4 | €45,207 | €73,928 | +€28,721 | +63.5% |
| Taxes, remuneration and social security | 45 | €61,525 | €135,238 | +€73,713 | +120% |
| Taxes | 450/3 | €3,585 | €3,500 | -€85 | -2.4% |
| Remuneration and social security | 454/9 | €57,940 | €131,738 | +€73,798 | +127% |
| Other amounts payable | 47/48 | - | €1,942 | +€1,942 | |
| Accrued charges and deferred income | 492/3 | €385 | - | -€385 | |
| Non-recurring operating income | 76A | - | €73,519 | +€73,519 | |
| Remuneration, social security and pensions | 62 | €662,836 | €772,195 | +€109,359 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,361 | €37,683 | -€6,678 | -15.1% |
| Other operating charges | 640/8 | €2,217 | €28,110 | +€25,893 | +1,168% |
| Non-recurring operating charges | 66A | - | €30,294 | +€30,294 | |
| Gross operating margin | 9900 | €841,059 | €910,824 | +€69,764 | +8.3% |
| Operating profit (loss) | 9901 | €131,645 | €42,542 | -€89,103 | -67.7% |
| Financial income | 75/76B | €3,762 | €24,303 | +€20,541 | +546% |
| Recurring financial income | 75 | €3,762 | €24,303 | +€20,541 | +546% |
| Financial charges | 65/66B | €1,514 | €929 | -€585 | -38.7% |
| Recurring financial charges | 65 | €1,514 | €929 | -€585 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €133,894 | €65,917 | -€67,977 | -50.8% |
| Income taxes | 67/77 | - | €9,123 | +€9,123 | |
| Profit (loss) for the period | 9904 | €133,894 | €56,794 | -€77,099 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €133,894 | €56,794 | -€77,099 | -57.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.