R.P.L.: 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.P.L.
Largest movements
- Receivables within one year -€299,588
down €299,588 (-38.6%), from €775,799 to €476,211
of which Trade receivables: -€231,909
- Cash +€47,782
up €47,782 (+195%), from €24,523 to €72,305
mainly Receivables within one year (+€299,588) and Depreciation (+€21,880)
- Trade debts -€183,940
down €183,940 (-34.9%), from €526,748 to €342,808
- Tax, wage and social debts -€40,882
down €40,882 (-41.3%), from €99,061 to €58,178
of which Remuneration and social security: -€37,139
- Other debts -€31,822
down €31,822 (-95.1%), from €33,478 to €1,656
- Gross operating margin -€176,913
down €176,913 (-41.5%), from €426,283 to €249,369
- Staff costs -€168,313
down €168,313 (-46.2%), from €364,045 to €195,733
- Financial income +€14,559
up €14,559 (+188%), from €7,757 to €22,316
- Taxes +€6,663
up €6,663 (+193%), from €3,454 to €10,117
- Financial charges -€6,355
down €6,355 (-18.4%), from €34,549 to €28,194
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 | €1,481,888 | €1,210,632 | -€271,256 | -18.3% |
| Fixed assets | 21/28 | €84,023 | €75,334 | -€8,689 | -10.3% |
| Tangible fixed assets | 22/27 | €83,973 | €75,284 | -€8,689 | -10.3% |
| Land and buildings | 22 | €28,912 | €27,880 | -€1,032 | -3.6% |
| Plant, machinery and equipment | 23 | €8,675 | €6,195 | -€2,481 | -28.6% |
| Furniture and vehicles | 24 | €46,386 | €41,210 | -€5,176 | -11.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €1,397,865 | €1,135,298 | -€262,567 | -18.8% |
| Stocks and contracts in progress | 3 | €582,902 | €579,201 | -€3,702 | -0.6% |
| Stocks | 30/36 | €582,902 | €579,201 | -€3,702 | -0.6% |
| Amounts receivable within one year | 40/41 | €775,799 | €476,211 | -€299,588 | -38.6% |
| Trade receivables | 40 | €447,310 | €215,401 | -€231,909 | -51.8% |
| Other amounts receivable | 41 | €328,490 | €260,810 | -€67,680 | -20.6% |
| Cash at bank and in hand | 54/58 | €24,523 | €72,305 | +€47,782 | +195% |
| Deferred charges and accrued income | 490/1 | €14,641 | €7,582 | -€7,059 | -48.2% |
| Total equity and liabilities | 10/49 | €1,481,888 | €1,210,632 | -€271,256 | -18.3% |
| Equity | 10/15 | €284,189 | €291,227 | +€7,037 | +2.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €263,738 | €270,775 | +€7,037 | +2.7% |
| Amounts payable | 17/49 | €1,197,699 | €919,406 | -€278,293 | -23.2% |
| Amounts payable after more than one year | 17 | €19,521 | €15,903 | -€3,618 | -18.5% |
| Financial debts | 170/4 | €19,521 | €15,903 | -€3,618 | -18.5% |
| Amounts payable within one year | 42/48 | €1,157,289 | €888,740 | -€268,549 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €21,367 | €14,287 | -€7,080 | -33.1% |
| Financial debts | 43 | €476,636 | €471,811 | -€4,825 | -1.0% |
| Credit institutions | 430/8 | €476,636 | €471,811 | -€4,825 | -1.0% |
| Trade debts | 44 | €526,748 | €342,808 | -€183,940 | -34.9% |
| Suppliers | 440/4 | €526,748 | €342,808 | -€183,940 | -34.9% |
| Taxes, remuneration and social security | 45 | €99,061 | €58,178 | -€40,882 | -41.3% |
| Taxes | 450/3 | €30,255 | €26,511 | -€3,744 | -12.4% |
| Remuneration and social security | 454/9 | €68,806 | €31,667 | -€37,139 | -54.0% |
| Other amounts payable | 47/48 | €33,478 | €1,656 | -€31,822 | -95.1% |
| Accrued charges and deferred income | 492/3 | €20,889 | €14,763 | -€6,126 | -29.3% |
| Non-recurring operating income | 76A | €9,000 | - | -€9,000 | |
| Remuneration, social security and pensions | 62 | €364,045 | €195,733 | -€168,313 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,037 | €21,880 | -€2,157 | -9.0% |
| Other operating charges | 640/8 | €7,774 | €8,724 | +€950 | +12.2% |
| Non-recurring operating charges | 66A | €14,948 | - | -€14,948 | |
| Gross operating margin | 9900 | €426,283 | €249,369 | -€176,913 | -41.5% |
| Operating profit (loss) | 9901 | €15,478 | €23,032 | +€7,554 | +48.8% |
| Financial income | 75/76B | €7,757 | €22,316 | +€14,559 | +188% |
| Recurring financial income | 75 | €7,757 | €22,316 | +€14,559 | +188% |
| Financial charges | 65/66B | €34,549 | €28,194 | -€6,355 | -18.4% |
| Recurring financial charges | 65 | €34,549 | €28,194 | -€6,355 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,314 | €17,154 | +€28,468 | |
| Income taxes | 67/77 | €3,454 | €10,117 | +€6,663 | +193% |
| Profit (loss) for the period | 9904 | -€14,768 | €7,037 | +€21,805 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,768 | €7,037 | +€21,805 |
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 24 October 2026 via checked.be.