R.G.I.: 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.
R.G.I.
Largest movements
- Cash +€93,663
up €93,663 (+574%), from €16,317 to €109,981
mainly Net result for the year (+€160,325) and Depreciation (+€144,922)
- Tangible fixed assets -€93,497
down €93,497 (-3.5%), from €2.7m to €2.6m
of which Land and buildings: -€125,825
- Other debts +€90,792
up €90,792 (+11.7%), from €774,830 to €865,622
- Debts after one year -€78,174
down €78,174 (-27.1%), from €288,848 to €210,673
- Financial charges -€74,707
down €74,707 (-83.0%), from €90,038 to €15,331
- Taxes +€19,106
up €19,106 (+34.0%), from €56,122 to €75,229
- Gross operating margin -€9,317
down €9,317 (-2.1%), from €444,827 to €435,510
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,711,184 | €2,703,739 | -€7,445 | -0.3% |
| Fixed assets | 21/28 | €2,664,243 | €2,570,746 | -€93,497 | -3.5% |
| Tangible fixed assets | 22/27 | €2,664,243 | €2,570,746 | -€93,497 | -3.5% |
| Land and buildings | 22 | €2,596,100 | €2,470,275 | -€125,825 | -4.8% |
| Furniture and vehicles | 24 | €68,142 | €100,470 | +€32,328 | +47.4% |
| Current assets | 29/58 | €46,941 | €132,993 | +€86,052 | +183% |
| Amounts receivable within one year | 40/41 | €30,545 | €20,545 | -€10,000 | -32.7% |
| Trade receivables | 40 | €16,667 | €16,667 | = | 0.0% |
| Other amounts receivable | 41 | €13,878 | €3,878 | -€10,000 | -72.1% |
| Cash at bank and in hand | 54/58 | €16,317 | €109,981 | +€93,663 | +574% |
| Deferred charges and accrued income | 490/1 | €79 | €2,468 | +€2,389 | +3,023% |
| Total equity and liabilities | 10/49 | €2,711,184 | €2,703,739 | -€7,445 | -0.3% |
| Equity | 10/15 | €1,527,383 | €1,523,848 | -€3,535 | -0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,245,625 | €1,242,091 | -€3,535 | -0.3% |
| Distributable reserves | 133 | €1,245,625 | €1,242,091 | -€3,535 | -0.3% |
| Profit (loss) carried forward | 14 | €263,165 | €263,165 | = | 0.0% |
| Amounts payable | 17/49 | €1,183,801 | €1,179,891 | -€3,911 | -0.3% |
| Amounts payable after more than one year | 17 | €288,848 | €210,673 | -€78,174 | -27.1% |
| Financial debts | 170/4 | €288,848 | €210,673 | -€78,174 | -27.1% |
| Amounts payable within one year | 42/48 | €893,264 | €969,217 | +€75,954 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €74,906 | €78,174 | +€3,269 | +4.4% |
| Financial debts | 43 | €20,285 | €20,192 | -€93 | -0.5% |
| Credit institutions | 430/8 | €20,285 | €20,192 | -€93 | -0.5% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €23,243 | €5,229 | -€18,014 | -77.5% |
| Taxes | 450/3 | €23,243 | €5,229 | -€18,014 | -77.5% |
| Other amounts payable | 47/48 | €774,830 | €865,622 | +€90,792 | +11.7% |
| Accrued charges and deferred income | 492/3 | €1,690 | €0 | -€1,690 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,701 | €144,922 | +€4,221 | +3.0% |
| Other operating charges | 640/8 | €38,019 | €39,703 | +€1,684 | +4.4% |
| Gross operating margin | 9900 | €444,827 | €435,510 | -€9,317 | -2.1% |
| Operating profit (loss) | 9901 | €266,106 | €250,885 | -€15,221 | -5.7% |
| Financial income | 75/76B | €335 | €0 | -€335 | -100% |
| Recurring financial income | 75 | €335 | €0 | -€335 | -100% |
| Financial charges | 65/66B | €90,038 | €15,331 | -€74,707 | -83.0% |
| Recurring financial charges | 65 | €90,038 | €15,331 | -€74,707 | -83.0% |
| Profit (loss) for the period before taxes | 9903 | €176,403 | €235,554 | +€59,150 | +33.5% |
| Income taxes | 67/77 | €56,122 | €75,229 | +€19,106 | +34.0% |
| Profit (loss) for the period | 9904 | €120,281 | €160,325 | +€40,044 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €120,281 | €160,325 | +€40,044 | +33.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.