ROOTS: 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.
ROOTS
Largest movements
- Stocks and contracts +€31,051
up €31,051 (+15.2%), from €204,193 to €235,244
- Cash +€29,768
up €29,768 (+184%), from €16,191 to €45,959
mainly Net result for the year (+€95,672) and Other debts (+€88,934)
- Tangible fixed assets -€22,541
down €22,541 (-5.7%), from €393,199 to €370,658
of which Land and buildings: -€20,073
- Receivables within one year -€22,178
down €22,178 (-30.4%), from €72,878 to €50,700
of which Other amounts receivable: -€16,580
- Other debts +€88,934
up €88,934 (+335%), from €26,559 to €115,493
- Reserves -€44,328
down €44,328 (-17.5%), from €252,968 to €208,640
- Debts after one year -€22,681
down €22,681 (-7.4%), from €308,463 to €285,782
- Trade debts -€7,350
down €7,350 (-15.4%), from €47,846 to €40,496
- Staff costs -€31,144
down €31,144 (-29.7%), from €105,016 to €73,872
- Financial charges +€8,549
up €8,549 (+96.7%), from €8,842 to €17,390
- Gross operating margin -€7,487
down €7,487 (-2.9%), from €262,086 to €254,600
- Taxes +€4,424
up €4,424 (+13.0%), from €33,927 to €38,351
- Other operating charges -€2,681
down €2,681 (-40.5%), from €6,612 to €3,931
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 | €694,946 | €711,242 | +€16,296 | +2.3% |
| Fixed assets | 21/28 | €393,199 | €370,658 | -€22,541 | -5.7% |
| Tangible fixed assets | 22/27 | €393,199 | €370,658 | -€22,541 | -5.7% |
| Land and buildings | 22 | €382,172 | €362,099 | -€20,073 | -5.3% |
| Plant, machinery and equipment | 23 | €2,301 | €1,522 | -€779 | -33.8% |
| Furniture and vehicles | 24 | €8,726 | €7,036 | -€1,690 | -19.4% |
| Current assets | 29/58 | €301,748 | €340,585 | +€38,837 | +12.9% |
| Stocks and contracts in progress | 3 | €204,193 | €235,244 | +€31,051 | +15.2% |
| Stocks | 30/36 | €204,193 | €235,244 | +€31,051 | +15.2% |
| Amounts receivable within one year | 40/41 | €72,878 | €50,700 | -€22,178 | -30.4% |
| Trade receivables | 40 | €49,398 | €43,801 | -€5,598 | -11.3% |
| Other amounts receivable | 41 | €23,479 | €6,899 | -€16,580 | -70.6% |
| Cash at bank and in hand | 54/58 | €16,191 | €45,959 | +€29,768 | +184% |
| Deferred charges and accrued income | 490/1 | €8,486 | €8,682 | +€196 | +2.3% |
| Total equity and liabilities | 10/49 | €694,946 | €711,242 | +€16,296 | +2.3% |
| Equity | 10/15 | €277,968 | €233,640 | -€44,328 | -15.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €252,968 | €208,640 | -€44,328 | -17.5% |
| Distributable reserves | 133 | €252,968 | €208,640 | -€44,328 | -17.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €416,978 | €477,602 | +€60,624 | +14.5% |
| Amounts payable after more than one year | 17 | €308,463 | €285,782 | -€22,681 | -7.4% |
| Financial debts | 170/4 | €308,463 | €285,782 | -€22,681 | -7.4% |
| Amounts payable within one year | 42/48 | €107,901 | €191,234 | +€83,334 | +77.2% |
| Current portion of amounts payable after more than one year | 42 | €29,620 | €26,680 | -€2,940 | -9.9% |
| Trade debts | 44 | €47,846 | €40,496 | -€7,350 | -15.4% |
| Suppliers | 440/4 | €47,846 | €40,496 | -€7,350 | -15.4% |
| Taxes, remuneration and social security | 45 | €3,876 | €8,565 | +€4,690 | +121% |
| Taxes | 450/3 | €0 | €1,440 | +€1,440 | |
| Remuneration and social security | 454/9 | €3,876 | €7,125 | +€3,250 | +83.9% |
| Other amounts payable | 47/48 | €26,559 | €115,493 | +€88,934 | +335% |
| Accrued charges and deferred income | 492/3 | €615 | €587 | -€28 | -4.6% |
| Non-recurring operating income | 76A | €708 | €0 | -€708 | -100% |
| Remuneration, social security and pensions | 62 | €105,016 | €73,872 | -€31,144 | -29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,837 | €25,406 | -€1,432 | -5.3% |
| Other operating charges | 640/8 | €6,612 | €3,931 | -€2,681 | -40.5% |
| Non-recurring operating charges | 66A | - | €384 | +€384 | |
| Gross operating margin | 9900 | €262,086 | €254,600 | -€7,487 | -2.9% |
| Operating profit (loss) | 9901 | €123,621 | €151,008 | +€27,386 | +22.2% |
| Financial income | 75/76B | €163 | €406 | +€243 | +150% |
| Recurring financial income | 75 | €163 | €406 | +€243 | +150% |
| Financial charges | 65/66B | €8,842 | €17,390 | +€8,549 | +96.7% |
| Recurring financial charges | 65 | €8,842 | €17,390 | +€8,549 | +96.7% |
| Profit (loss) for the period before taxes | 9903 | €114,942 | €134,023 | +€19,081 | +16.6% |
| Income taxes | 67/77 | €33,927 | €38,351 | +€4,424 | +13.0% |
| Profit (loss) for the period | 9904 | €81,015 | €95,672 | +€14,657 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,015 | €95,672 | +€14,657 | +18.1% |
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 26 October 2026 via checked.be.