RESPONSORIS: 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.
RESPONSORIS
Largest movements
- Receivables within one year +€51,090
up €51,090 (+128%), from €39,853 to €90,943
of which Trade receivables: +€52,118
- Cash +€24,545
up €24,545 (+32.8%), from €74,912 to €99,457
mainly Depreciation (+€34,778) and Short-term financial debts (+€27,910)
- Tangible fixed assets -€22,805
down €22,805 (-6.6%), from €345,160 to €322,355
of which Land and buildings: -€23,925
- Short-term financial debts +€27,910
up €27,910 (+1,155%), from €2,416 to €30,325
- Reserves +€20,000
up €20,000 (+27.2%), from €73,574 to €93,574
of which Distributable reserves: +€20,000
- Debts after one year -€11,585
down €11,585 (-3.6%), from €321,537 to €309,951
- Write-downs -€26,388
down €26,388, from €13,194 to -€13,194
- Gross operating margin -€11,779
down €11,779 (-11.3%), from €104,529 to €92,750
- Depreciation +€8,703
up €8,703 (+33.4%), from €26,075 to €34,778
- Financial charges +€7,569
up €7,569 (+79.3%), from €9,542 to €17,111
- Staff costs -€4,489
down €4,489 (-18.0%), from €24,967 to €20,478
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 | €476,894 | €525,682 | +€48,788 | +10.2% |
| Fixed assets | 21/28 | €355,207 | €328,798 | -€26,409 | -7.4% |
| Intangible fixed assets | 21 | €9,693 | €6,443 | -€3,250 | -33.5% |
| Tangible fixed assets | 22/27 | €345,160 | €322,355 | -€22,805 | -6.6% |
| Land and buildings | 22 | €340,612 | €316,687 | -€23,925 | -7.0% |
| Plant, machinery and equipment | 23 | €2,615 | €3,352 | +€737 | +28.2% |
| Furniture and vehicles | 24 | €1,714 | €2,120 | +€406 | +23.7% |
| Other tangible fixed assets | 26 | €219 | €196 | -€23 | -10.5% |
| Financial fixed assets | 28 | €354 | - | -€354 | |
| Current assets | 29/58 | €121,687 | €196,884 | +€75,197 | +61.8% |
| Amounts receivable within one year | 40/41 | €39,853 | €90,943 | +€51,090 | +128% |
| Trade receivables | 40 | €38,799 | €90,916 | +€52,118 | +134% |
| Other amounts receivable | 41 | €1,054 | €27 | -€1,027 | -97.4% |
| Current investments | 50/53 | €4,855 | €4,796 | -€59 | -1.2% |
| Cash at bank and in hand | 54/58 | €74,912 | €99,457 | +€24,545 | +32.8% |
| Deferred charges and accrued income | 490/1 | €2,067 | €1,688 | -€379 | -18.4% |
| Total equity and liabilities | 10/49 | €476,894 | €525,682 | +€48,788 | +10.2% |
| Equity | 10/15 | €112,702 | €132,826 | +€20,124 | +17.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €73,574 | €93,574 | +€20,000 | +27.2% |
| Non-distributable reserves | 130/1 | €3,774 | €3,774 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,774 | €3,774 | = | 0.0% |
| Distributable reserves | 133 | €69,800 | €89,800 | +€20,000 | +28.7% |
| Profit (loss) carried forward | 14 | €20,578 | €20,702 | +€124 | +0.6% |
| Amounts payable | 17/49 | €364,192 | €392,855 | +€28,663 | +7.9% |
| Amounts payable after more than one year | 17 | €321,537 | €309,951 | -€11,585 | -3.6% |
| Financial debts | 170/4 | €321,537 | €309,951 | -€11,585 | -3.6% |
| Amounts payable within one year | 42/48 | €41,409 | €81,594 | +€40,185 | +97.0% |
| Current portion of amounts payable after more than one year | 42 | €11,997 | €15,890 | +€3,893 | +32.4% |
| Financial debts | 43 | €2,416 | €30,325 | +€27,910 | +1,155% |
| Credit institutions | 430/8 | €2,416 | €30,325 | +€27,910 | +1,155% |
| Trade debts | 44 | €4,830 | €8,000 | +€3,170 | +65.6% |
| Suppliers | 440/4 | €4,830 | €8,000 | +€3,170 | +65.6% |
| Taxes, remuneration and social security | 45 | €15,280 | €16,110 | +€831 | +5.4% |
| Taxes | 450/3 | €14,301 | €14,206 | -€95 | -0.7% |
| Remuneration and social security | 454/9 | €978 | €1,904 | +€926 | +94.7% |
| Other amounts payable | 47/48 | €6,886 | €11,268 | +€4,382 | +63.6% |
| Accrued charges and deferred income | 492/3 | €1,246 | €1,310 | +€63 | +5.1% |
| Remuneration, social security and pensions | 62 | €24,967 | €20,478 | -€4,489 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,075 | €34,778 | +€8,703 | +33.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,194 | -€13,194 | -€26,388 | |
| Other operating charges | 640/8 | €783 | €1,089 | +€306 | +39.1% |
| Gross operating margin | 9900 | €104,529 | €92,750 | -€11,779 | -11.3% |
| Operating profit (loss) | 9901 | €39,510 | €49,599 | +€10,089 | +25.5% |
| Financial income | 75/76B | €536 | €16 | -€520 | -96.9% |
| Recurring financial income | 75 | €536 | €16 | -€520 | -96.9% |
| Financial charges | 65/66B | €9,542 | €17,111 | +€7,569 | +79.3% |
| Recurring financial charges | 65 | €9,542 | €17,111 | +€7,569 | +79.3% |
| Profit (loss) for the period before taxes | 9903 | €30,505 | €32,504 | +€2,000 | +6.6% |
| Income taxes | 67/77 | €11,156 | €12,380 | +€1,224 | +11.0% |
| Profit (loss) for the period | 9904 | €19,349 | €20,124 | +€775 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,349 | €20,124 | +€775 | +4.0% |
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 16 October 2026 via checked.be.