RODESCO: 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.
RODESCO
Largest movements
- Receivables within one year +€22,207
up €22,207 (+56.1%), from €39,611 to €61,818
of which Trade receivables: +€36,410
- Tangible fixed assets -€11,447
down €11,447 (-25.4%), from €45,092 to €33,646
of which Furniture and vehicles: -€9,547
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€23,228
up €23,228, from -€1,238 to €21,990
- Financial income -€7,043
down €7,043 (-100.0%), from €7,043 to €0
of which Non-recurring financial income: -€6,558
- Staff costs -€7,018
down €7,018, from €6,986 to -€32
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 | €880,578 | €882,948 | +€2,370 | +0.3% |
| Fixed assets | 21/28 | €831,256 | €819,809 | -€11,447 | -1.4% |
| Tangible fixed assets | 22/27 | €45,092 | €33,646 | -€11,447 | -25.4% |
| Plant, machinery and equipment | 23 | €7,320 | €5,420 | -€1,900 | -26.0% |
| Furniture and vehicles | 24 | €37,773 | €28,226 | -€9,547 | -25.3% |
| Financial fixed assets | 28 | €786,163 | €786,163 | = | 0.0% |
| Current assets | 29/58 | €49,323 | €63,139 | +€13,817 | +28.0% |
| Amounts receivable within one year | 40/41 | €39,611 | €61,818 | +€22,207 | +56.1% |
| Trade receivables | 40 | €23,559 | €59,970 | +€36,410 | +154.5% |
| Other amounts receivable | 41 | €16,052 | €1,848 | -€14,204 | -88.5% |
| Cash at bank and in hand | 54/58 | €8,853 | €1,321 | -€7,532 | -85.1% |
| Deferred charges and accrued income | 490/1 | €858 | €0 | -€858 | -100.0% |
| Total equity and liabilities | 10/49 | €880,578 | €882,948 | +€2,370 | +0.3% |
| Equity | 10/15 | €872,318 | €881,029 | +€8,711 | +1.0% |
| Contributions | 10/11 | €225,500 | €225,500 | = | 0.0% |
| Capital | 10 | €225,500 | €225,500 | = | 0.0% |
| Issued capital | 100 | €225,500 | €225,500 | = | 0.0% |
| Reserves | 13 | €532,726 | €532,726 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,550 | €22,550 | = | 0.0% |
| Legal reserve | 130 | €22,550 | €22,550 | = | 0.0% |
| Distributable reserves | 133 | €510,176 | €510,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,093 | €122,803 | +€8,711 | +7.6% |
| Amounts payable | 17/49 | €8,260 | €1,920 | -€6,341 | -76.8% |
| Amounts payable within one year | 42/48 | €8,260 | €1,920 | -€6,341 | -76.8% |
| Trade debts | 44 | €698 | €39 | -€659 | -94.4% |
| Suppliers | 440/4 | €698 | €39 | -€659 | -94.4% |
| Taxes, remuneration and social security | 45 | €304 | €181 | -€124 | -40.6% |
| Taxes | 450/3 | €304 | €181 | -€124 | -40.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €7,258 | €1,700 | -€5,558 | -76.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €6,986 | -€32 | -€7,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,447 | €11,447 | = | 0.0% |
| Other operating charges | 640/8 | €1,169 | €1,276 | +€108 | +9.2% |
| Gross operating margin | 9900 | -€1,238 | €21,990 | +€23,228 | |
| Operating profit (loss) | 9901 | -€20,840 | €9,298 | +€30,138 | |
| Financial income | 75/76B | €7,043 | €0 | -€7,043 | -100.0% |
| Recurring financial income | 75 | €484 | €0 | -€484 | -100.0% |
| Non-recurring financial income | 76B | €6,558 | €0 | -€6,558 | -100.0% |
| Financial charges | 65/66B | €283 | €408 | +€125 | +44.2% |
| Recurring financial charges | 65 | €283 | €408 | +€125 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,080 | €8,891 | +€22,971 | |
| Income taxes | 67/77 | €142 | €180 | +€38 | +27.1% |
| Profit (loss) for the period | 9904 | -€14,222 | €8,711 | +€22,932 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,222 | €8,711 | +€22,932 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.