RODOT: 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.
RODOT
Largest movements
- Tangible fixed assets -€46,933
down €46,933 (-13.8%), from €340,204 to €293,271
of which Plant, machinery and equipment: -€32,007
- Cash +€26,368
up €26,368 (+27.1%), from €97,307 to €123,675
mainly Net result for the year (+€89,579) and Depreciation (+€48,767)
- Stocks and contracts -€10,575
down €10,575 (-4.3%), from €243,991 to €233,416
- Receivables within one year +€9,780
up €9,780 (+12.8%), from €76,566 to €86,346
of which Trade receivables: +€23,786
- Reserves +€89,578
up €89,578 (+51.7%), from €173,202 to €262,780
of which Distributable reserves: +€89,578
- Trade debts -€66,680
down €66,680 (-27.4%), from €243,637 to €176,957
- Debts after one year -€42,990
down €42,990 (-32.8%), from €131,073 to €88,083
- Current portion of long-term debt -€41,406
down €41,406 (-34.6%), from €119,648 to €78,242
- Accrued charges and deferred income +€39,646
up €39,646 (+1118.4%), from €3,545 to €43,191
- Turnover -€6.3m
no longer reported in 2026 (was €6.3m)
- Purchases and services -€5.8m
no longer reported in 2026 (was €5.8m)
- Gross operating margin +€165,592
up €165,592 (+23.3%), from €709,849 to €875,441
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 | €776,584 | €753,011 | -€23,573 | -3.0% |
| Formation expenses | 20 | €1,249 | €930 | -€319 | -25.5% |
| Fixed assets | 21/28 | €341,094 | €294,161 | -€46,933 | -13.8% |
| Tangible fixed assets | 22/27 | €340,204 | €293,271 | -€46,933 | -13.8% |
| Plant, machinery and equipment | 23 | €266,177 | €234,170 | -€32,007 | -12.0% |
| Furniture and vehicles | 24 | €74,027 | €59,101 | -€14,926 | -20.2% |
| Financial fixed assets | 28 | €890 | €890 | = | 0.0% |
| Current assets | 29/58 | €434,241 | €457,919 | +€23,678 | +5.5% |
| Stocks and contracts in progress | 3 | €243,991 | €233,416 | -€10,575 | -4.3% |
| Stocks | 30/36 | €243,991 | €233,416 | -€10,575 | -4.3% |
| Amounts receivable within one year | 40/41 | €76,566 | €86,346 | +€9,780 | +12.8% |
| Trade receivables | 40 | €24,246 | €48,032 | +€23,786 | +98.1% |
| Other amounts receivable | 41 | €52,320 | €38,314 | -€14,006 | -26.8% |
| Cash at bank and in hand | 54/58 | €97,307 | €123,675 | +€26,368 | +27.1% |
| Deferred charges and accrued income | 490/1 | €16,377 | €14,482 | -€1,895 | -11.6% |
| Total equity and liabilities | 10/49 | €776,584 | €753,011 | -€23,573 | -3.0% |
| Equity | 10/15 | €191,754 | €281,332 | +€89,578 | +46.7% |
| Contributions | 10/11 | €18,552 | €18,552 | +€0 | 0.0% |
| Outside capital | 11 | €18,552 | €18,552 | +€0 | 0.0% |
| Other | 1109/19 | €18,552 | €18,552 | +€0 | 0.0% |
| Reserves | 13 | €173,202 | €262,780 | +€89,578 | +51.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €29,248 | €29,248 | -€0 | 0.0% |
| Distributable reserves | 133 | €142,095 | €231,673 | +€89,578 | +63.0% |
| Amounts payable | 17/49 | €584,830 | €471,678 | -€113,152 | -19.3% |
| Amounts payable after more than one year | 17 | €131,073 | €88,083 | -€42,990 | -32.8% |
| Financial debts | 170/4 | €131,073 | €88,083 | -€42,990 | -32.8% |
| Amounts payable within one year | 42/48 | €450,212 | €340,404 | -€109,808 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €119,648 | €78,242 | -€41,406 | -34.6% |
| Trade debts | 44 | €243,637 | €176,957 | -€66,680 | -27.4% |
| Suppliers | 440/4 | €243,637 | €176,957 | -€66,680 | -27.4% |
| Taxes, remuneration and social security | 45 | €86,927 | €85,206 | -€1,721 | -2.0% |
| Taxes | 450/3 | €4,598 | €802 | -€3,796 | -82.6% |
| Remuneration and social security | 454/9 | €82,329 | €84,404 | +€2,075 | +2.5% |
| Accrued charges and deferred income | 492/3 | €3,545 | €43,191 | +€39,646 | +1118.4% |
| Turnover | 70 | €6,346,356 | - | -€6.3m | |
| Non-recurring operating income | 76A | €1,700 | - | -€1,700 | |
| Goods, raw materials, services and sundry goods | 60/61 | €5,767,894 | - | -€5.8m | |
| Remuneration, social security and pensions | 62 | €659,497 | €685,140 | +€25,643 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,374 | €48,767 | -€5,607 | -10.3% |
| Other operating charges | 640/8 | €9,774 | €3,570 | -€6,204 | -63.5% |
| Gross operating margin | 9900 | €709,849 | €875,441 | +€165,592 | +23.3% |
| Operating profit (loss) | 9901 | -€13,796 | €137,964 | +€151,760 | |
| Financial income | 75/76B | €74 | €1,677 | +€1,603 | +2165.8% |
| Recurring financial income | 75 | €74 | €1,677 | +€1,603 | +2165.8% |
| Financial charges | 65/66B | €43,689 | €36,726 | -€6,963 | -15.9% |
| Recurring financial charges | 65 | €43,689 | €36,726 | -€6,963 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€57,411 | €102,915 | +€160,326 | |
| Income taxes | 67/77 | €815 | €13,336 | +€12,521 | +1536.3% |
| Profit (loss) for the period | 9904 | -€58,226 | €89,579 | +€147,805 | |
| Profit (loss) for the period to be appropriated | 9905 | -€58,226 | €89,579 | +€147,805 |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.