RODE: 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.
RODE
Largest movements
- Cash +€8,372
up €8,372 (+1.8%), from €459,852 to €468,224
mainly Depreciation (+€3,598) and Receivables within one year (+€3,000)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€1,761
down €1,761 (-32.9%), from €5,359 to €3,598
- Gross operating margin -€1,299
down €1,299 (-11.9%), from €10,930 to €9,631
- Financial charges +€505
up €505 (+5050.0%), from €10 to €515
- Other operating charges +€180
up €180 (+3.1%), from €5,858 to €6,038
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 | €563,921 | €565,042 | +€1,121 | +0.2% |
| Fixed assets | 21/28 | €99,146 | €95,548 | -€3,598 | -3.6% |
| Tangible fixed assets | 22/27 | €99,146 | €95,548 | -€3,598 | -3.6% |
| Land and buildings | 22 | €99,146 | €95,548 | -€3,598 | -3.6% |
| Current assets | 29/58 | €464,775 | €469,494 | +€4,719 | +1.0% |
| Amounts receivable within one year | 40/41 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 41 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €459,852 | €468,224 | +€8,372 | +1.8% |
| Deferred charges and accrued income | 490/1 | €1,923 | €1,270 | -€653 | -34.0% |
| Total equity and liabilities | 10/49 | €563,921 | €565,042 | +€1,121 | +0.2% |
| Equity | 10/15 | €563,921 | €563,401 | -€520 | -0.1% |
| Contributions | 10/11 | €286,500 | €286,500 | = | 0.0% |
| Capital | 10 | €286,500 | €286,500 | = | 0.0% |
| Issued capital | 100 | €286,500 | €286,500 | = | 0.0% |
| Reserves | 13 | €277,421 | €276,901 | -€520 | -0.2% |
| Non-distributable reserves | 130/1 | €28,650 | €28,650 | = | 0.0% |
| Legal reserve | 130 | €28,650 | €28,650 | = | 0.0% |
| Distributable reserves | 133 | €248,771 | €248,251 | -€520 | -0.2% |
| Amounts payable | 17/49 | - | €1,641 | +€1,641 | |
| Amounts payable within one year | 42/48 | - | €1,641 | +€1,641 | |
| Trade debts | 44 | - | €1,641 | +€1,641 | |
| Suppliers | 440/4 | - | €1,641 | +€1,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,359 | €3,598 | -€1,761 | -32.9% |
| Other operating charges | 640/8 | €5,858 | €6,038 | +€180 | +3.1% |
| Gross operating margin | 9900 | €10,930 | €9,631 | -€1,299 | -11.9% |
| Operating profit (loss) | 9901 | -€287 | -€5 | +€282 | +98.3% |
| Financial charges | 65/66B | €10 | €515 | +€505 | +5050.0% |
| Recurring financial charges | 65 | €10 | €515 | +€505 | +5050.0% |
| Profit (loss) for the period before taxes | 9903 | -€297 | -€520 | -€223 | -75.1% |
| Profit (loss) for the period | 9904 | -€297 | -€520 | -€223 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€297 | -€520 | -€223 | -75.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2025 and 31 May 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.