RE GROUP: 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.
RE GROUP
Largest movements
- Receivables within one year -€46,537
down €46,537 (-85.3%), from €54,534 to €7,997
of which Trade receivables: -€35,946
- Tangible fixed assets -€2,201
down €2,201 (-36.6%), from €6,007 to €3,806
of which Furniture and vehicles: -€2,097
- Cash +€1,614
up €1,614 (+336%), from €481 to €2,095
mainly Receivables within one year (+€46,537) and Depreciation (+€2,201)
- Reserves -€42,251
down €42,251 (-100%), from €42,251 to €0
- Trade debts -€5,711
down €5,711 (-17.7%), from €32,279 to €26,568
- Other debts +€1,630
new in 2025: €1,630
- Profit (loss) carried forward -€794
down €794 (-3.5%), from -€22,994 to -€23,788
- Gross operating margin -€15,681
down €15,681 (-120%), from -€13,052 to -€28,733
- Write-downs +€8,489
up €8,489, from €0 to €8,489
- Depreciation -€2,815
down €2,815 (-56.1%), from €5,017 to €2,201
- Staff costs -€2,458
down €2,458 (-100%), from €2,458 to €0
- Other operating charges +€819
up €819 (+35.5%), from €2,306 to €3,126
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 | €61,973 | €14,497 | -€47,477 | -76.6% |
| Fixed assets | 21/28 | €6,007 | €3,806 | -€2,201 | -36.6% |
| Tangible fixed assets | 22/27 | €6,007 | €3,806 | -€2,201 | -36.6% |
| Plant, machinery and equipment | 23 | €104 | €0 | -€104 | -100% |
| Furniture and vehicles | 24 | €5,903 | €3,806 | -€2,097 | -35.5% |
| Current assets | 29/58 | €55,966 | €10,691 | -€45,276 | -80.9% |
| Amounts receivable within one year | 40/41 | €54,534 | €7,997 | -€46,537 | -85.3% |
| Trade receivables | 40 | €43,943 | €7,997 | -€35,946 | -81.8% |
| Other amounts receivable | 41 | €10,591 | €0 | -€10,591 | -100% |
| Cash at bank and in hand | 54/58 | €481 | €2,095 | +€1,614 | +336% |
| Deferred charges and accrued income | 490/1 | €952 | €599 | -€353 | -37.1% |
| Total equity and liabilities | 10/49 | €61,973 | €14,497 | -€47,477 | -76.6% |
| Equity | 10/15 | €29,257 | -€13,788 | -€43,045 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €42,251 | €0 | -€42,251 | -100% |
| Distributable reserves | 133 | €42,251 | €0 | -€42,251 | -100% |
| Profit (loss) carried forward | 14 | -€22,994 | -€23,788 | -€794 | -3.5% |
| Amounts payable | 17/49 | €32,716 | €28,285 | -€4,432 | -13.5% |
| Amounts payable within one year | 42/48 | €32,279 | €28,285 | -€3,995 | -12.4% |
| Trade debts | 44 | €32,279 | €26,568 | -€5,711 | -17.7% |
| Suppliers | 440/4 | €32,279 | €26,568 | -€5,711 | -17.7% |
| Taxes, remuneration and social security | 45 | - | €87 | +€87 | |
| Taxes | 450/3 | - | €87 | +€87 | |
| Other amounts payable | 47/48 | - | €1,630 | +€1,630 | |
| Accrued charges and deferred income | 492/3 | €437 | €0 | -€437 | -100% |
| Remuneration, social security and pensions | 62 | €2,458 | €0 | -€2,458 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,017 | €2,201 | -€2,815 | -56.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €8,489 | +€8,489 | |
| Other operating charges | 640/8 | €2,306 | €3,126 | +€819 | +35.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€13,052 | -€28,733 | -€15,681 | -120% |
| Operating profit (loss) | 9901 | -€22,832 | -€42,549 | -€19,717 | -86.4% |
| Financial income | 75/76B | €67 | €0 | -€67 | -100% |
| Recurring financial income | 75 | €67 | €0 | -€67 | -100% |
| Financial charges | 65/66B | €101 | €355 | +€254 | +251% |
| Recurring financial charges | 65 | €101 | €355 | +€254 | +251% |
| Profit (loss) for the period before taxes | 9903 | -€22,866 | -€42,904 | -€20,038 | -87.6% |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.1% |
| Profit (loss) for the period | 9904 | -€22,994 | -€43,045 | -€20,051 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,994 | -€43,045 | -€20,051 | -87.2% |
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 13 October 2026 via checked.be.