R&D CANNOOT: 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.
R&D CANNOOT
Largest movements
- Cash +€97,889
up €97,889 (+137%), from €71,343 to €169,232
mainly Other debts (+€298,145) and Net result for the year (+€135,303)
- Tangible fixed assets -€67,261
down €67,261 (-23.9%), from €281,836 to €214,575
of which Furniture and vehicles: -€65,100
- Other debts +€298,145
up €298,145 (+21,462%), from €1,389 to €299,534
- Reserves -€194,697
down €194,697 (-58.6%), from €332,231 to €137,534
- Tax, wage and social debts -€33,239
down €33,239 (-68.7%), from €48,367 to €15,128
of which Taxes: -€19,084
- Debts after one year -€20,489
no longer reported in 2026 (was €20,489)
- Current portion of long-term debt -€13,438
down €13,438 (-39.6%), from €33,926 to €20,489
- Gross operating margin +€34,412
up €34,412 (+15.1%), from €227,542 to €261,954
- Taxes +€10,681
up €10,681 (+38.1%), from €28,035 to €38,716
- Depreciation +€9,928
up €9,928 (+16.8%), from €59,212 to €69,140
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.
Derived cash bridge
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 | €459,596 | €498,226 | +€38,631 | +8.4% |
| Fixed assets | 21/28 | €281,836 | €214,575 | -€67,261 | -23.9% |
| Tangible fixed assets | 22/27 | €281,836 | €214,575 | -€67,261 | -23.9% |
| Plant, machinery and equipment | 23 | €12,269 | €10,108 | -€2,161 | -17.6% |
| Furniture and vehicles | 24 | €269,567 | €204,467 | -€65,100 | -24.1% |
| Current assets | 29/58 | €177,759 | €283,651 | +€105,892 | +59.6% |
| Amounts receivable within one year | 40/41 | €96,568 | €99,896 | +€3,328 | +3.4% |
| Trade receivables | 40 | €96,568 | €99,896 | +€3,328 | +3.4% |
| Cash at bank and in hand | 54/58 | €71,343 | €169,232 | +€97,889 | +137% |
| Deferred charges and accrued income | 490/1 | €9,848 | €14,524 | +€4,675 | +47.5% |
| Total equity and liabilities | 10/49 | €459,596 | €498,226 | +€38,631 | +8.4% |
| Equity | 10/15 | €334,731 | €140,034 | -€194,697 | -58.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | - | -€2,500 | |
| Other | 1109/19 | €2,500 | - | -€2,500 | |
| Reserves | 13 | €332,231 | €137,534 | -€194,697 | -58.6% |
| Distributable reserves | 133 | €332,231 | €137,534 | -€194,697 | -58.6% |
| Amounts payable | 17/49 | €124,865 | €358,193 | +€233,328 | +187% |
| Amounts payable after more than one year | 17 | €20,489 | - | -€20,489 | |
| Financial debts | 170/4 | €20,489 | - | -€20,489 | |
| Amounts payable within one year | 42/48 | €104,376 | €358,193 | +€253,816 | +243% |
| Current portion of amounts payable after more than one year | 42 | €33,926 | €20,489 | -€13,438 | -39.6% |
| Trade debts | 44 | €20,694 | €23,042 | +€2,348 | +11.3% |
| Suppliers | 440/4 | €20,694 | €23,042 | +€2,348 | +11.3% |
| Taxes, remuneration and social security | 45 | €48,367 | €15,128 | -€33,239 | -68.7% |
| Taxes | 450/3 | €34,212 | €15,128 | -€19,084 | -55.8% |
| Remuneration and social security | 454/9 | €14,155 | - | -€14,155 | |
| Other amounts payable | 47/48 | €1,389 | €299,534 | +€298,145 | +21,462% |
| Non-recurring operating income | 76A | €4,500 | €30,000 | +€25,500 | +567% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,212 | €69,140 | +€9,928 | +16.8% |
| Other operating charges | 640/8 | €18,193 | €16,874 | -€1,318 | -7.2% |
| Gross operating margin | 9900 | €227,542 | €261,954 | +€34,412 | +15.1% |
| Operating profit (loss) | 9901 | €150,137 | €175,939 | +€25,802 | +17.2% |
| Financial charges | 65/66B | €3,706 | €1,920 | -€1,785 | -48.2% |
| Recurring financial charges | 65 | €3,706 | €1,920 | -€1,785 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €146,431 | €174,019 | +€27,587 | +18.8% |
| Income taxes | 67/77 | €28,035 | €38,716 | +€10,681 | +38.1% |
| Profit (loss) for the period | 9904 | €118,396 | €135,303 | +€16,907 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €118,396 | €135,303 | +€16,907 | +14.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.