RW PRO: 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.
RW PRO
Largest movements
- Cash +€15,297
up €15,297 (+18.7%), from €81,799 to €97,096
mainly Net result for the year (+€66,487) and Trade debts (+€25,510)
- Receivables within one year +€12,598
up €12,598 (+217.3%), from €5,797 to €18,394
of which Trade receivables: +€7,911
- Stocks and contracts +€11,181
up €11,181 (+2.9%), from €388,010 to €399,190
- Debts after one year -€88,880
down €88,880 (-29.2%), from €304,534 to €215,654
- Profit (loss) carried forward +€66,487
up €66,487, from -€15,810 to €50,677
- Trade debts +€25,510
up €25,510 (+31.3%), from €81,606 to €107,115
- Current portion of long-term debt +€19,946
up €19,946 (+50.7%), from €39,325 to €59,272
- Tax, wage and social debts +€14,979
up €14,979 (+65.7%), from €22,786 to €37,766
of which Remuneration and social security: +€15,024
- Gross operating margin +€105,857
up €105,857 (+47.7%), from €222,087 to €327,944
- Staff costs +€35,595
up €35,595 (+20.4%), from €174,837 to €210,432
- Other operating charges +€16,619
up €16,619 (+1404.1%), from €1,184 to €17,803
- Taxes +€12,379
up €12,379 (+609.1%), from €2,032 to €14,412
- Financial charges +€8,272
up €8,272 (+151.9%), from €5,447 to €13,719
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 | €488,440 | €520,584 | +€32,145 | +6.6% |
| Formation expenses | 20 | €6,159 | €2,159 | -€4,000 | -64.9% |
| Fixed assets | 21/28 | €6,675 | €3,744 | -€2,931 | -43.9% |
| Intangible fixed assets | 21 | €2,433 | €531 | -€1,902 | -78.2% |
| Tangible fixed assets | 22/27 | €4,012 | €3,213 | -€799 | -19.9% |
| Furniture and vehicles | 24 | €2,007 | €1,513 | -€493 | -24.6% |
| Other tangible fixed assets | 26 | €2,006 | €1,700 | -€306 | -15.2% |
| Financial fixed assets | 28 | €230 | €0 | -€230 | -100.0% |
| Current assets | 29/58 | €475,605 | €514,681 | +€39,076 | +8.2% |
| Stocks and contracts in progress | 3 | €388,010 | €399,190 | +€11,181 | +2.9% |
| Stocks | 30/36 | €388,010 | €399,190 | +€11,181 | +2.9% |
| Amounts receivable within one year | 40/41 | €5,797 | €18,394 | +€12,598 | +217.3% |
| Trade receivables | 40 | €4,827 | €12,738 | +€7,911 | +163.9% |
| Other amounts receivable | 41 | €969 | €5,656 | +€4,687 | +483.6% |
| Cash at bank and in hand | 54/58 | €81,799 | €97,096 | +€15,297 | +18.7% |
| Total equity and liabilities | 10/49 | €488,440 | €520,584 | +€32,145 | +6.6% |
| Equity | 10/15 | €19,190 | €85,677 | +€66,487 | +346.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Capital | 10 | €35,000 | - | -€35,000 | |
| Issued capital | 100 | €35,000 | - | -€35,000 | |
| Profit (loss) carried forward | 14 | -€15,810 | €50,677 | +€66,487 | |
| Amounts payable | 17/49 | €469,250 | €434,908 | -€34,342 | -7.3% |
| Amounts payable after more than one year | 17 | €304,534 | €215,654 | -€88,880 | -29.2% |
| Financial debts | 170/4 | €304,534 | €215,654 | -€88,880 | -29.2% |
| Amounts payable within one year | 42/48 | €164,715 | €217,992 | +€53,276 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €39,325 | €59,272 | +€19,946 | +50.7% |
| Trade debts | 44 | €81,606 | €107,115 | +€25,510 | +31.3% |
| Suppliers | 440/4 | €81,606 | €107,115 | +€25,510 | +31.3% |
| Taxes, remuneration and social security | 45 | €22,786 | €37,766 | +€14,979 | +65.7% |
| Taxes | 450/3 | €22,786 | €22,742 | -€45 | -0.2% |
| Remuneration and social security | 454/9 | - | €15,024 | +€15,024 | |
| Other amounts payable | 47/48 | €20,998 | €13,839 | -€7,159 | -34.1% |
| Accrued charges and deferred income | 492/3 | - | €1,262 | +€1,262 | |
| Remuneration, social security and pensions | 62 | €174,837 | €210,432 | +€35,595 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,713 | €6,701 | -€4,012 | -37.5% |
| Other operating charges | 640/8 | €1,184 | €17,803 | +€16,619 | +1404.1% |
| Gross operating margin | 9900 | €222,087 | €327,944 | +€105,857 | +47.7% |
| Operating profit (loss) | 9901 | €35,354 | €93,009 | +€57,654 | +163.1% |
| Financial income | 75/76B | €7 | €1,609 | +€1,601 | +21787.3% |
| Recurring financial income | 75 | €7 | €1,609 | +€1,601 | +21787.3% |
| Financial charges | 65/66B | €5,447 | €13,719 | +€8,272 | +151.9% |
| Recurring financial charges | 65 | €5,447 | €13,719 | +€8,272 | +151.9% |
| Profit (loss) for the period before taxes | 9903 | €29,915 | €80,898 | +€50,983 | +170.4% |
| Income taxes | 67/77 | €2,032 | €14,412 | +€12,379 | +609.1% |
| Profit (loss) for the period | 9904 | €27,883 | €66,487 | +€38,604 | +138.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,883 | €66,487 | +€38,604 | +138.5% |
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 4 October 2026 via checked.be.