ROOT: 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.
ROOT
Largest movements
- Cash -€675,354
down €675,354 (-89.3%), from €756,053 to €80,699
mainly Contributions, distributions and other (-€1.6m) and Tax, wage and social debts (-€84,999)
- Receivables after one year -€31,204
down €31,204 (-68.0%), from €45,874 to €14,670
- Profit (loss) carried forward -€724,996
down €724,996 (-99.0%), from €731,999 to €7,003
- Reserves +€92,740
new in 2026: €92,740
- Tax, wage and social debts -€84,999
down €84,999 (-80.7%), from €105,263 to €20,264
of which Taxes: -€89,545
- Gross operating margin +€924,646
up €924,646 (+231%), from €400,604 to €1.3m
- Taxes +€249,743
up €249,743 (+266%), from €93,847 to €343,590
- Financial income +€34,796
up €34,796 (+191,189%), from €18 to €34,815
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 | €841,223 | €124,579 | -€716,644 | -85.2% |
| Fixed assets | 21/28 | €2,819 | €391 | -€2,428 | -86.1% |
| Tangible fixed assets | 22/27 | €2,819 | €391 | -€2,428 | -86.1% |
| Furniture and vehicles | 24 | €2,819 | €391 | -€2,428 | -86.1% |
| Current assets | 29/58 | €838,404 | €124,188 | -€714,216 | -85.2% |
| Amounts receivable after more than one year | 29 | €45,874 | €14,670 | -€31,204 | -68.0% |
| Trade receivables | 290 | €45,874 | €14,670 | -€31,204 | -68.0% |
| Amounts receivable within one year | 40/41 | €36,386 | €28,750 | -€7,636 | -21.0% |
| Trade receivables | 40 | €36,386 | - | -€36,386 | |
| Other amounts receivable | 41 | - | €28,750 | +€28,750 | |
| Cash at bank and in hand | 54/58 | €756,053 | €80,699 | -€675,354 | -89.3% |
| Deferred charges and accrued income | 490/1 | €91 | €69 | -€22 | -24.6% |
| Total equity and liabilities | 10/49 | €841,223 | €124,579 | -€716,644 | -85.2% |
| Equity | 10/15 | €734,999 | €102,743 | -€632,256 | -86.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €92,740 | +€92,740 | |
| Distributable reserves | 133 | - | €92,740 | +€92,740 | |
| Profit (loss) carried forward | 14 | €731,999 | €7,003 | -€724,996 | -99.0% |
| Amounts payable | 17/49 | €106,224 | €21,837 | -€84,387 | -79.4% |
| Amounts payable within one year | 42/48 | €106,224 | €20,587 | -€85,637 | -80.6% |
| Trade debts | 44 | €961 | €322 | -€639 | -66.4% |
| Suppliers | 440/4 | €961 | €322 | -€639 | -66.4% |
| Taxes, remuneration and social security | 45 | €105,263 | €20,264 | -€84,999 | -80.7% |
| Taxes | 450/3 | €105,263 | €15,718 | -€89,545 | -85.1% |
| Remuneration and social security | 454/9 | - | €4,546 | +€4,546 | |
| Accrued charges and deferred income | 492/3 | - | €1,250 | +€1,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,980 | €2,833 | -€3,147 | -52.6% |
| Other operating charges | 640/8 | €414 | €821 | +€406 | +98.1% |
| Gross operating margin | 9900 | €400,604 | €1,325,250 | +€924,646 | +231% |
| Operating profit (loss) | 9901 | €394,209 | €1,321,596 | +€927,386 | +235% |
| Financial income | 75/76B | €18 | €34,815 | +€34,796 | +191,189% |
| Recurring financial income | 75 | €18 | €34,815 | +€34,796 | +191,189% |
| Financial charges | 65/66B | €74 | €77 | +€4 | +5.0% |
| Recurring financial charges | 65 | €74 | €77 | +€4 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €394,154 | €1,356,333 | +€962,179 | +244% |
| Income taxes | 67/77 | €93,847 | €343,590 | +€249,743 | +266% |
| Profit (loss) for the period | 9904 | €300,308 | €1,012,744 | +€712,436 | +237% |
| Profit (loss) for the period to be appropriated | 9905 | €300,308 | €1,012,744 | +€712,436 | +237% |
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 18 October 2026 via checked.be.