R3G: 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.
R3G
Largest movements
- Receivables within one year +€29,338
up €29,338 (+132%), from €22,308 to €51,646
of which Other amounts receivable: +€31,919
- Tangible fixed assets -€19,583
down €19,583 (-5.1%), from €383,532 to €363,949
of which Land and buildings: -€18,347
- Cash -€16,993
down €16,993 (-21.3%), from €79,598 to €62,605
mainly Debts after one year (-€32,686) and Receivables within one year (-€29,338)
- Reserves +€34,158
up €34,158 (+47.9%), from €71,252 to €105,410
of which Distributable reserves: +€34,158
- Debts after one year -€32,686
down €32,686 (-13.7%), from €239,376 to €206,689
- Gross operating margin -€24,692
down €24,692 (-24.2%), from €101,969 to €77,277
- Taxes -€5,588
down €5,588 (-36.3%), from €15,403 to €9,815
- Other operating charges -€1,748
down €1,748 (-29.9%), from €5,855 to €4,107
- Financial charges -€1,495
down €1,495 (-18.6%), from €8,031 to €6,537
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 | €489,312 | €484,495 | -€4,817 | -1.0% |
| Fixed assets | 21/28 | €383,532 | €363,949 | -€19,583 | -5.1% |
| Tangible fixed assets | 22/27 | €383,532 | €363,949 | -€19,583 | -5.1% |
| Land and buildings | 22 | €380,754 | €362,407 | -€18,347 | -4.8% |
| Plant, machinery and equipment | 23 | €2,088 | €1,542 | -€546 | -26.2% |
| Furniture and vehicles | 24 | €689 | - | -€689 | |
| Current assets | 29/58 | €105,780 | €120,546 | +€14,766 | +14.0% |
| Amounts receivable within one year | 40/41 | €22,308 | €51,646 | +€29,338 | +132% |
| Trade receivables | 40 | €3,802 | €1,221 | -€2,581 | -67.9% |
| Other amounts receivable | 41 | €18,506 | €50,425 | +€31,919 | +172% |
| Cash at bank and in hand | 54/58 | €79,598 | €62,605 | -€16,993 | -21.3% |
| Deferred charges and accrued income | 490/1 | €3,874 | €6,295 | +€2,421 | +62.5% |
| Total equity and liabilities | 10/49 | €489,312 | €484,495 | -€4,817 | -1.0% |
| Equity | 10/15 | €116,252 | €150,410 | +€34,158 | +29.4% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €71,252 | €105,410 | +€34,158 | +47.9% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €70,252 | €104,410 | +€34,158 | +48.6% |
| Amounts payable | 17/49 | €373,060 | €334,085 | -€38,975 | -10.4% |
| Amounts payable after more than one year | 17 | €239,376 | €206,689 | -€32,686 | -13.7% |
| Financial debts | 170/4 | €239,376 | €206,689 | -€32,686 | -13.7% |
| Amounts payable within one year | 42/48 | €92,887 | €83,253 | -€9,634 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €34,461 | €32,686 | -€1,775 | -5.2% |
| Trade debts | 44 | €10,043 | €5,668 | -€4,375 | -43.6% |
| Suppliers | 440/4 | €10,043 | €5,668 | -€4,375 | -43.6% |
| Taxes, remuneration and social security | 45 | €25,483 | €22,693 | -€2,789 | -10.9% |
| Taxes | 450/3 | €25,483 | €22,693 | -€2,789 | -10.9% |
| Other amounts payable | 47/48 | €22,900 | €22,205 | -€695 | -3.0% |
| Accrued charges and deferred income | 492/3 | €40,797 | €44,143 | +€3,346 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,573 | €22,806 | +€234 | +1.0% |
| Other operating charges | 640/8 | €5,855 | €4,107 | -€1,748 | -29.9% |
| Gross operating margin | 9900 | €101,969 | €77,277 | -€24,692 | -24.2% |
| Operating profit (loss) | 9901 | €73,542 | €50,364 | -€23,178 | -31.5% |
| Financial income | 75/76B | €0 | €145 | +€145 | +1,452,900% |
| Recurring financial income | 75 | €0 | €145 | +€145 | +1,452,900% |
| Financial charges | 65/66B | €8,031 | €6,537 | -€1,495 | -18.6% |
| Recurring financial charges | 65 | €8,031 | €6,537 | -€1,495 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €65,511 | €43,973 | -€21,538 | -32.9% |
| Income taxes | 67/77 | €15,403 | €9,815 | -€5,588 | -36.3% |
| Profit (loss) for the period | 9904 | €50,107 | €34,158 | -€15,949 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,107 | €34,158 | -€15,949 | -31.8% |
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 29 October 2026 via checked.be.