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
- Receivables within one year +€98,025
up €98,025 (+9.8%), from €1.0m to €1.1m
- Deferred charges and accrued income -€92,394
down €92,394 (-71.0%), from €130,186 to €37,792
- Current investments -€46,498
no longer reported in 2025 (was €46,498)
- Reserves -€232,796
down €232,796 (-26.0%), from €894,555 to €661,759
of which Distributable reserves: -€232,796
- Other debts +€225,619
up €225,619 (+168%), from €134,016 to €359,635
- Tax, wage and social debts -€34,708
down €34,708 (-44.9%), from €77,230 to €42,522
- Gross operating margin -€63,531
down €63,531 (-25.0%), from €254,495 to €190,964
- Taxes -€20,063
down €20,063 (-26.5%), from €75,828 to €55,765
- Financial income +€3,130
up €3,130 (+112%), from €2,786 to €5,916
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 | €1,193,902 | €1,154,745 | -€39,157 | -3.3% |
| Fixed assets | 21/28 | €15,963 | €12,620 | -€3,343 | -20.9% |
| Intangible fixed assets | 21 | €4,200 | €4,200 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,763 | €8,420 | -€3,343 | -28.4% |
| Furniture and vehicles | 24 | €11,763 | €8,420 | -€3,343 | -28.4% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €1,177,939 | €1,142,125 | -€35,814 | -3.0% |
| Amounts receivable within one year | 40/41 | €1,000,899 | €1,098,924 | +€98,025 | +9.8% |
| Other amounts receivable | 41 | €1,000,899 | €1,098,924 | +€98,025 | +9.8% |
| Current investments | 50/53 | €46,498 | - | -€46,498 | |
| Cash at bank and in hand | 54/58 | €356 | €5,409 | +€5,054 | +1,421% |
| Deferred charges and accrued income | 490/1 | €130,186 | €37,792 | -€92,394 | -71.0% |
| Total equity and liabilities | 10/49 | €1,193,902 | €1,154,745 | -€39,157 | -3.3% |
| Equity | 10/15 | €900,752 | €667,957 | -€232,796 | -25.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €894,555 | €661,759 | -€232,796 | -26.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,718 | €21,718 | = | 0.0% |
| Distributable reserves | 133 | €870,978 | €638,182 | -€232,796 | -26.7% |
| Amounts payable | 17/49 | €293,150 | €486,789 | +€193,639 | +66.1% |
| Amounts payable within one year | 42/48 | €293,150 | €486,789 | +€193,639 | +66.1% |
| Financial debts | 43 | €77,682 | €77,701 | +€18 | 0.0% |
| Credit institutions | 430/8 | €77,682 | €77,701 | +€18 | 0.0% |
| Trade debts | 44 | €4,221 | €6,931 | +€2,710 | +64.2% |
| Suppliers | 440/4 | €4,221 | €6,931 | +€2,710 | +64.2% |
| Taxes, remuneration and social security | 45 | €77,230 | €42,522 | -€34,708 | -44.9% |
| Taxes | 450/3 | €77,230 | €42,522 | -€34,708 | -44.9% |
| Other amounts payable | 47/48 | €134,016 | €359,635 | +€225,619 | +168% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,903 | €3,343 | +€440 | +15.1% |
| Other operating charges | 640/8 | €1,106 | €2,900 | +€1,794 | +162% |
| Gross operating margin | 9900 | €254,495 | €190,964 | -€63,531 | -25.0% |
| Operating profit (loss) | 9901 | €250,486 | €184,721 | -€65,765 | -26.3% |
| Financial income | 75/76B | €2,786 | €5,916 | +€3,130 | +112% |
| Recurring financial income | 75 | €2,786 | €5,916 | +€3,130 | +112% |
| Financial charges | 65/66B | €6,639 | €8,033 | +€1,394 | +21.0% |
| Recurring financial charges | 65 | €6,639 | €8,033 | +€1,394 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €246,632 | €182,604 | -€64,028 | -26.0% |
| Income taxes | 67/77 | €75,828 | €55,765 | -€20,063 | -26.5% |
| Profit (loss) for the period | 9904 | €170,805 | €126,840 | -€43,965 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €170,805 | €126,840 | -€43,965 | -25.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.