RBGES: 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.
RBGES
Largest movements
- Receivables within one year +€185,921
up €185,921 (+35.2%), from €528,229 to €714,150
of which Trade receivables: +€184,372
- Other debts +€164,000
up €164,000 (+74.5%), from €220,000 to €384,000
- Profit (loss) carried forward +€20,358
up €20,358 (+45.3%), from €44,910 to €65,268
No income-statement line moved by more than 1% of the activity.
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €551,668 | €735,372 | +€183,704 | +33.3% |
| Fixed assets | 21/28 | - | €1,254 | +€1,254 | |
| Tangible fixed assets | 22/27 | - | €1,254 | +€1,254 | |
| Plant, machinery and equipment | 23 | - | €1,254 | +€1,254 | |
| Current assets | 29/58 | €551,668 | €734,119 | +€182,451 | +33.1% |
| Amounts receivable within one year | 40/41 | €528,229 | €714,150 | +€185,921 | +35.2% |
| Trade receivables | 40 | €527,895 | €712,267 | +€184,372 | +34.9% |
| Other amounts receivable | 41 | €334 | €1,883 | +€1,549 | +463.1% |
| Cash at bank and in hand | 54/58 | €23,439 | €19,859 | -€3,579 | -15.3% |
| Deferred charges and accrued income | 490/1 | - | €109 | +€109 | |
| Total equity and liabilities | 10/49 | €551,668 | €735,372 | +€183,704 | +33.3% |
| Equity | 10/15 | €312,243 | €332,601 | +€20,358 | +6.5% |
| Contributions | 10/11 | €239,874 | €239,874 | = | 0.0% |
| Reserves | 13 | €27,460 | €27,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €27,460 | - | -€27,460 | |
| Reserves not available under the articles | 1311 | €27,460 | - | -€27,460 | |
| Distributable reserves | 133 | - | €27,460 | +€27,460 | |
| Profit (loss) carried forward | 14 | €44,910 | €65,268 | +€20,358 | +45.3% |
| Amounts payable | 17/49 | €239,425 | €402,771 | +€163,346 | +68.2% |
| Amounts payable within one year | 42/48 | €239,425 | €402,771 | +€163,346 | +68.2% |
| Taxes, remuneration and social security | 45 | €19,425 | €18,771 | -€654 | -3.4% |
| Taxes | 450/3 | €19,037 | €18,771 | -€267 | -1.4% |
| Remuneration and social security | 454/9 | €387 | - | -€387 | |
| Other amounts payable | 47/48 | €220,000 | €384,000 | +€164,000 | +74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €75 | +€75 | |
| Other operating charges | 640/8 | €497 | €642 | +€144 | +29.0% |
| Gross operating margin | 9900 | €331,406 | €334,522 | +€3,116 | +0.9% |
| Operating profit (loss) | 9901 | €330,909 | €333,805 | +€2,896 | +0.9% |
| Financial income | 75/76B | €2 | €6 | +€4 | +202.7% |
| Recurring financial income | 75 | €2 | €6 | +€4 | +202.7% |
| Financial charges | 65/66B | €246 | - | -€246 | |
| Recurring financial charges | 65 | €246 | - | -€246 | |
| Profit (loss) for the period before taxes | 9903 | €330,664 | €333,811 | +€3,146 | +1.0% |
| Income taxes | 67/77 | €82,666 | €83,453 | +€787 | +1.0% |
| Profit (loss) for the period | 9904 | €247,998 | €250,358 | +€2,360 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €247,998 | €250,358 | +€2,360 | +1.0% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.