RODAC BELGIUM: 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.
RODAC BELGIUM
Largest movements
- Tangible fixed assets -€106,067
down €106,067 (-4.4%), from €2.4m to €2.3m
- Cash -€44,790
down €44,790 (-94.3%), from €47,486 to €2,695
mainly Debts after one year (-€169,704) and Investment in fixed assets (net) (-€15,901)
- Debts after one year -€169,704
down €169,704 (-6.8%), from €2.5m to €2.3m
- Gross operating margin -€55,559
down €55,559 (-20.2%), from €274,775 to €219,216
- Financial income +€5,227
up €5,227 (+9,639%), from €54 to €5,281
- Depreciation +€5,128
up €5,128 (+4.4%), from €116,840 to €121,968
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 | €3,833,557 | €3,692,019 | -€141,538 | -3.7% |
| Fixed assets | 21/28 | €3,621,818 | €3,515,751 | -€106,067 | -2.9% |
| Tangible fixed assets | 22/27 | €2,384,043 | €2,277,976 | -€106,067 | -4.4% |
| Land and buildings | 22 | €2,384,043 | €2,277,976 | -€106,067 | -4.4% |
| Financial fixed assets | 28 | €1,237,774 | €1,237,774 | = | 0.0% |
| Current assets | 29/58 | €211,739 | €176,268 | -€35,471 | -16.8% |
| Amounts receivable within one year | 40/41 | €164,253 | €173,573 | +€9,319 | +5.7% |
| Other amounts receivable | 41 | €164,253 | €173,573 | +€9,319 | +5.7% |
| Cash at bank and in hand | 54/58 | €47,486 | €2,695 | -€44,790 | -94.3% |
| Total equity and liabilities | 10/49 | €3,833,557 | €3,692,019 | -€141,538 | -3.7% |
| Equity | 10/15 | €1,111,403 | €1,139,982 | +€28,579 | +2.6% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Reserves | 13 | €36,000 | €36,000 | = | 0.0% |
| Distributable reserves | 133 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €661,403 | €695,264 | +€33,860 | +5.1% |
| Investment grants | 15 | €54,000 | €48,719 | -€5,281 | -9.8% |
| Amounts payable | 17/49 | €2,722,154 | €2,552,037 | -€170,117 | -6.2% |
| Amounts payable after more than one year | 17 | €2,505,743 | €2,336,040 | -€169,704 | -6.8% |
| Financial debts | 170/4 | €2,505,743 | €2,336,040 | -€169,704 | -6.8% |
| Amounts payable within one year | 42/48 | €216,410 | €215,997 | -€413 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €98,966 | €102,418 | +€3,452 | +3.5% |
| Trade debts | 44 | €4,430 | €0 | -€4,430 | -100% |
| Suppliers | 440/4 | €4,430 | €0 | -€4,430 | -100% |
| Taxes, remuneration and social security | 45 | €17,285 | €16,321 | -€964 | -5.6% |
| Taxes | 450/3 | €16,285 | €15,321 | -€964 | -5.9% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €95,729 | €97,258 | +€1,528 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,840 | €121,968 | +€5,128 | +4.4% |
| Gross operating margin | 9900 | €274,775 | €219,216 | -€55,559 | -20.2% |
| Operating profit (loss) | 9901 | €157,935 | €97,247 | -€60,687 | -38.4% |
| Financial income | 75/76B | €54 | €5,281 | +€5,227 | +9,639% |
| Recurring financial income | 75 | €54 | €5,281 | +€5,227 | +9,639% |
| Financial charges | 65/66B | €68,608 | €68,188 | -€420 | -0.6% |
| Recurring financial charges | 65 | €68,608 | €68,188 | -€420 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €89,381 | €34,341 | -€55,040 | -61.6% |
| Income taxes | 67/77 | - | €481 | +€481 | |
| Profit (loss) for the period | 9904 | €89,381 | €33,860 | -€55,521 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €89,381 | €33,860 | -€55,521 | -62.1% |
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 28 October 2026 via checked.be.