R & G PROJECTS: 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.
What changed
R & G PROJECTS
NACE 93.130, Fitness centres
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,851
2024 · €432+€1,419
Equity
€14,209
2024 · €12,358+€1,851
Cash
€6,906
2024 · €10,774-€3,867
Balance sheet total
€435,910
2024 · €438,710-€2,800
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€15,984
down €15,984 (-4.3%), from €373,517 to €357,533
- Other debts +€8,201
up €8,201 (+31.0%), from €26,461 to €34,661
Income statement
- Depreciation -€939
down €939 (-3.9%), from €24,243 to €23,304
- Gross operating margin +€386
up €386 (+1.1%), from €36,664 to €37,050
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.
Result 2024
€432
Gross operating margin
+€386
Staff costs
+€306
Depreciation
+€939
Other operating charges
-€137
Financial income
+€67
Financial charges
-€110
Taxes
-€31
Result 2025
€1,851
Cash bridge derived
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.
From operations
+€30,792
Investment
-€22,903
Financing
-€11,756
Cash 2024
€10,774
From operations (derived)
+€30,792
Net result for the year
+€1,851
Depreciation
+€23,304
Stocks and contracts
-€436
Receivables within one year
-€487
Deferred charges and accrued income
-€545
Trade debts
+€86
Tax, wage and social debts
+€101
Other debts
+€8,201
Accrued charges and deferred income
-€1,282
Investment (derived)
-€22,903
Investment in fixed assets (net)
-€22,903
Financing
-€11,756
Debts after one year
-€15,984
Current portion of long-term debt
+€4,228
Cash 2025
€6,906
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €438,710 | €435,910 | -€2,800 | -0.6% |
| Fixed assets | 21/28 | €422,917 | €422,517 | -€401 | -0.1% |
| Tangible fixed assets | 22/27 | €422,917 | €422,517 | -€401 | -0.1% |
| Land and buildings | 22 | €374,965 | €364,764 | -€10,201 | -2.7% |
| Plant, machinery and equipment | 23 | €11,664 | €27,133 | +€15,469 | +132.6% |
| Furniture and vehicles | 24 | €36,288 | €30,620 | -€5,668 | -15.6% |
| Current assets | 29/58 | €15,793 | €13,393 | -€2,399 | -15.2% |
| Stocks and contracts in progress | 3 | €1,913 | €2,350 | +€436 | +22.8% |
| Stocks | 30/36 | €1,913 | €2,350 | +€436 | +22.8% |
| Amounts receivable within one year | 40/41 | - | €487 | +€487 | |
| Trade receivables | 40 | - | €484 | +€484 | |
| Other amounts receivable | 41 | - | €3 | +€3 | |
| Cash at bank and in hand | 54/58 | €10,774 | €6,906 | -€3,867 | -35.9% |
| Deferred charges and accrued income | 490/1 | €3,106 | €3,650 | +€545 | +17.5% |
| Total equity and liabilities | 10/49 | €438,710 | €435,910 | -€2,800 | -0.6% |
| Equity | 10/15 | €12,358 | €14,209 | +€1,851 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,242 | -€4,391 | +€1,851 | +29.7% |
| Amounts payable | 17/49 | €426,352 | €421,701 | -€4,651 | -1.1% |
| Amounts payable after more than one year | 17 | €373,517 | €357,533 | -€15,984 | -4.3% |
| Financial debts | 170/4 | €373,517 | €357,533 | -€15,984 | -4.3% |
| Amounts payable within one year | 42/48 | €50,763 | €63,379 | +€12,615 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €23,814 | €28,042 | +€4,228 | +17.8% |
| Trade debts | 44 | €179 | €265 | +€86 | +48.0% |
| Suppliers | 440/4 | €179 | €265 | +€86 | +48.0% |
| Taxes, remuneration and social security | 45 | €309 | €411 | +€101 | +32.7% |
| Taxes | 450/3 | €309 | €411 | +€101 | +32.7% |
| Other amounts payable | 47/48 | €26,461 | €34,661 | +€8,201 | +31.0% |
| Accrued charges and deferred income | 492/3 | €2,071 | €789 | -€1,282 | -61.9% |
| Remuneration, social security and pensions | 62 | €630 | €324 | -€306 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,243 | €23,304 | -€939 | -3.9% |
| Other operating charges | 640/8 | €2,827 | €2,965 | +€137 | +4.8% |
| Gross operating margin | 9900 | €36,664 | €37,050 | +€386 | +1.1% |
| Operating profit (loss) | 9901 | €8,964 | €10,458 | +€1,493 | +16.7% |
| Financial income | 75/76B | €834 | €901 | +€67 | +8.0% |
| Recurring financial income | 75 | €834 | €901 | +€67 | +8.0% |
| Financial charges | 65/66B | €9,258 | €9,368 | +€110 | +1.2% |
| Recurring financial charges | 65 | €9,258 | €9,368 | +€110 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €541 | €1,991 | +€1,450 | +267.9% |
| Income taxes | 67/77 | €109 | €140 | +€31 | +28.5% |
| Profit (loss) for the period | 9904 | €432 | €1,851 | +€1,419 | +328.2% |
| Profit (loss) for the period to be appropriated | 9905 | €432 | €1,851 | +€1,419 | +328.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.