CHANGY & REGOUT: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
CHANGY & REGOUT
Largest movements
- Cash +€141,253
up €141,253 (+438%), from €32,214 to €173,467
mainly Advances received (+€119,065) and Depreciation (+€34,334)
- Receivables within one year +€40,205
up €40,205 (+52.7%), from €76,329 to €116,534
of which Trade receivables: +€48,431
- Tangible fixed assets -€19,281
down €19,281 (-22.0%), from €87,582 to €68,301
of which Leasing and similar rights: -€27,461
- Stocks and contracts -€18,657
down €18,657 (-23.4%), from €79,771 to €61,114
- Advances received +€119,065
up €119,065 (+310%), from €38,408 to €157,472
- Trade debts +€23,840
up €23,840 (+94.8%), from €25,152 to €48,992
- Tax, wage and social debts +€15,090
up €15,090 (+107%), from €14,047 to €29,137
- Debts after one year -€12,622
down €12,622 (-51.5%), from €24,501 to €11,879
- Profit (loss) carried forward +€10,846
up €10,846 (+8.3%), from €130,081 to €140,927
- Gross operating margin -€28,073
down €28,073 (-21.6%), from €130,153 to €102,079
- Provisions +€13,600
up €13,600 (+72.3%), from -€18,800 to -€5,200
- Staff costs -€10,702
down €10,702 (-15.4%), from €69,394 to €58,692
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,359 | €427,999 | +€146,641 | +52.1% |
| Fixed assets | 21/28 | €87,582 | €68,301 | -€19,281 | -22.0% |
| Tangible fixed assets | 22/27 | €87,582 | €68,301 | -€19,281 | -22.0% |
| Land and buildings | 22 | €8,986 | €7,996 | -€990 | -11.0% |
| Plant, machinery and equipment | 23 | €9,225 | €15,072 | +€5,846 | +63.4% |
| Furniture and vehicles | 24 | €11,494 | €11,068 | -€426 | -3.7% |
| Leasing and similar rights | 25 | €52,876 | €25,416 | -€27,461 | -51.9% |
| Assets under construction and advance payments | 27 | €5,000 | €8,750 | +€3,750 | +75.0% |
| Current assets | 29/58 | €193,776 | €359,698 | +€165,922 | +85.6% |
| Stocks and contracts in progress | 3 | €79,771 | €61,114 | -€18,657 | -23.4% |
| Stocks | 30/36 | €79,771 | €61,114 | -€18,657 | -23.4% |
| Amounts receivable within one year | 40/41 | €76,329 | €116,534 | +€40,205 | +52.7% |
| Trade receivables | 40 | €68,066 | €116,497 | +€48,431 | +71.2% |
| Other amounts receivable | 41 | €8,263 | €37 | -€8,226 | -99.6% |
| Cash at bank and in hand | 54/58 | €32,214 | €173,467 | +€141,253 | +438% |
| Deferred charges and accrued income | 490/1 | €5,462 | €8,583 | +€3,120 | +57.1% |
| Total equity and liabilities | 10/49 | €281,359 | €427,999 | +€146,641 | +52.1% |
| Equity | 10/15 | €141,941 | €152,787 | +€10,846 | +7.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130,081 | €140,927 | +€10,846 | +8.3% |
| Provisions and deferred taxes | 16 | €17,100 | €11,900 | -€5,200 | -30.4% |
| Provisions for liabilities and charges | 160/5 | €17,100 | €11,900 | -€5,200 | -30.4% |
| Other liabilities and charges | 164/5 | €17,100 | €11,900 | -€5,200 | -30.4% |
| Amounts payable | 17/49 | €122,318 | €263,312 | +€140,995 | +115% |
| Amounts payable after more than one year | 17 | €24,501 | €11,879 | -€12,622 | -51.5% |
| Financial debts | 170/4 | €24,501 | €11,879 | -€12,622 | -51.5% |
| Amounts payable within one year | 42/48 | €97,817 | €251,433 | +€153,617 | +157% |
| Current portion of amounts payable after more than one year | 42 | €16,775 | €13,046 | -€3,730 | -22.2% |
| Trade debts | 44 | €25,152 | €48,992 | +€23,840 | +94.8% |
| Suppliers | 440/4 | €25,152 | €48,992 | +€23,840 | +94.8% |
| Advances received on contracts in progress | 46 | €38,408 | €157,472 | +€119,065 | +310% |
| Taxes, remuneration and social security | 45 | €14,047 | €29,137 | +€15,090 | +107% |
| Taxes | 450/3 | €14,047 | €29,137 | +€15,090 | +107% |
| Other amounts payable | 47/48 | €3,435 | €2,786 | -€649 | -18.9% |
| Non-recurring operating income | 76A | €14,793 | - | -€14,793 | |
| Remuneration, social security and pensions | 62 | €69,394 | €58,692 | -€10,702 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,356 | €34,334 | -€1,022 | -2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€146 | -€91 | +€55 | +37.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€18,800 | -€5,200 | +€13,600 | +72.3% |
| Other operating charges | 640/8 | €2,404 | €1,663 | -€742 | -30.8% |
| Gross operating margin | 9900 | €130,153 | €102,079 | -€28,073 | -21.6% |
| Operating profit (loss) | 9901 | €41,945 | €12,682 | -€29,263 | -69.8% |
| Financial income | 75/76B | €84 | €122 | +€38 | +45.8% |
| Recurring financial income | 75 | €84 | €122 | +€38 | +45.8% |
| Financial charges | 65/66B | €2,711 | €1,958 | -€753 | -27.8% |
| Recurring financial charges | 65 | €2,711 | €1,958 | -€753 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €39,317 | €10,846 | -€28,471 | -72.4% |
| Profit (loss) for the period | 9904 | €39,317 | €10,846 | -€28,471 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,317 | €10,846 | -€28,471 | -72.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.