R.D.: 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.
R.D.
Largest movements
- Receivables within one year -€34,579
down €34,579 (-93.8%), from €36,851 to €2,272
- Receivables after one year -€8,972
no longer reported in 2026 (was €8,972)
- Other debts -€43,061
no longer reported in 2026 (was €43,061)
- Profit (loss) carried forward -€489
down €489 (-10.9%), from -€4,480 to -€4,969
- Gross operating margin +€477
up €477 (+51.8%), from -€921 to -€444
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,833 | €2,283 | -€43,550 | -95.0% |
| Current assets | 29/58 | €45,833 | €2,283 | -€43,550 | -95.0% |
| Amounts receivable after more than one year | 29 | €8,972 | - | -€8,972 | |
| Other amounts receivable | 291 | €8,972 | - | -€8,972 | |
| Amounts receivable within one year | 40/41 | €36,851 | €2,272 | -€34,579 | -93.8% |
| Other amounts receivable | 41 | €36,851 | €2,272 | -€34,579 | -93.8% |
| Cash at bank and in hand | 54/58 | €10 | €11 | +€1 | +10.0% |
| Total equity and liabilities | 10/49 | €45,833 | €2,283 | -€43,550 | -95.0% |
| Equity | 10/15 | €2,772 | €2,283 | -€489 | -17.6% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,055 | €1,055 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,055 | €1,055 | = | 0.0% |
| Legal reserve | 130 | €1,055 | €1,055 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,480 | -€4,969 | -€489 | -10.9% |
| Amounts payable | 17/49 | €43,061 | - | -€43,061 | |
| Amounts payable within one year | 42/48 | €43,061 | - | -€43,061 | |
| Other amounts payable | 47/48 | €43,061 | - | -€43,061 | |
| Turnover | 70 | - | €0 | = | |
| Gross operating margin | 9900 | -€921 | -€444 | +€477 | +51.8% |
| Operating profit (loss) | 9901 | -€921 | -€444 | +€477 | +51.8% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€966 | -€489 | +€477 | +49.4% |
| Profit (loss) for the period | 9904 | -€966 | -€489 | +€477 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€966 | -€489 | +€477 | +49.4% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.