RODELU: 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.
RODELU
Largest movements
- Receivables within one year +€32,119
up €32,119 (+60.9%), from €52,722 to €84,841
of which Trade receivables: +€22,623
- Tangible fixed assets -€13,332
down €13,332 (-36.6%), from €36,384 to €23,052
- Cash +€5,441
up €5,441 (+80.4%), from €6,768 to €12,209
mainly Net result for the year (+€36,032) and Tax, wage and social debts (+€29,466)
- Tax, wage and social debts +€29,466
up €29,466 (+504%), from €5,849 to €35,316
of which Taxes: +€22,021
- Profit (loss) carried forward +€21,746
up €21,746 (+106%), from €20,522 to €42,267
- Trade debts -€17,610
down €17,610 (-56.8%), from €31,013 to €13,403
- Debts after one year -€9,936
down €9,936 (-41.2%), from €24,116 to €14,180
- Gross operating margin +€33,963
up €33,963 (+112%), from €30,360 to €64,323
- Depreciation +€9,716
up €9,716 (+269%), from €3,616 to €13,332
- Taxes +€5,240
up €5,240 (+89.6%), from €5,849 to €11,089
- Financial charges +€2,160
up €2,160 (+579%), from €373 to €2,533
- Other operating charges +€1,368
new in 2026: €1,368
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 | €95,874 | €120,102 | +€24,228 | +25.3% |
| Fixed assets | 21/28 | €36,384 | €23,052 | -€13,332 | -36.6% |
| Tangible fixed assets | 22/27 | €36,384 | €23,052 | -€13,332 | -36.6% |
| Furniture and vehicles | 24 | €36,384 | €23,052 | -€13,332 | -36.6% |
| Current assets | 29/58 | €59,490 | €97,050 | +€37,560 | +63.1% |
| Amounts receivable within one year | 40/41 | €52,722 | €84,841 | +€32,119 | +60.9% |
| Trade receivables | 40 | €1,510 | €24,133 | +€22,623 | +1,498% |
| Other amounts receivable | 41 | €51,211 | €60,708 | +€9,497 | +18.5% |
| Cash at bank and in hand | 54/58 | €6,768 | €12,209 | +€5,441 | +80.4% |
| Total equity and liabilities | 10/49 | €95,874 | €120,102 | +€24,228 | +25.3% |
| Equity | 10/15 | €25,522 | €47,267 | +€21,746 | +85.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,522 | €42,267 | +€21,746 | +106% |
| Amounts payable | 17/49 | €70,352 | €72,835 | +€2,482 | +3.5% |
| Amounts payable after more than one year | 17 | €24,116 | €14,180 | -€9,936 | -41.2% |
| Financial debts | 170/4 | €24,116 | €14,180 | -€9,936 | -41.2% |
| Amounts payable within one year | 42/48 | €46,237 | €58,655 | +€12,418 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €9,374 | €9,936 | +€562 | +6.0% |
| Trade debts | 44 | €31,013 | €13,403 | -€17,610 | -56.8% |
| Suppliers | 440/4 | €31,013 | €13,403 | -€17,610 | -56.8% |
| Taxes, remuneration and social security | 45 | €5,849 | €35,316 | +€29,466 | +504% |
| Taxes | 450/3 | €5,849 | €27,871 | +€22,021 | +376% |
| Remuneration and social security | 454/9 | - | €7,445 | +€7,445 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,616 | €13,332 | +€9,716 | +269% |
| Other operating charges | 640/8 | - | €1,368 | +€1,368 | |
| Gross operating margin | 9900 | €30,360 | €64,323 | +€33,963 | +112% |
| Operating profit (loss) | 9901 | €26,744 | €49,623 | +€22,879 | +85.5% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €373 | €2,533 | +€2,160 | +579% |
| Recurring financial charges | 65 | €373 | €2,533 | +€2,160 | +579% |
| Profit (loss) for the period before taxes | 9903 | €26,371 | €47,121 | +€20,750 | +78.7% |
| Income taxes | 67/77 | €5,849 | €11,089 | +€5,240 | +89.6% |
| Profit (loss) for the period | 9904 | €20,522 | €36,032 | +€15,510 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,522 | €36,032 | +€15,510 | +75.6% |
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 15 October 2026 via checked.be.