REGAFLEX: 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.
REGAFLEX
Largest movements
- Tangible fixed assets +€199,165
up €199,165 (+259.0%), from €76,889 to €276,054
of which Leasing and similar rights: +€224,328
- Receivables within one year +€27,055
up €27,055 (+31.0%), from €87,154 to €114,210
of which Trade receivables: +€26,412
- Stocks and contracts +€19,759
up €19,759 (+6.3%), from €315,566 to €335,325
- Cash +€19,362
up €19,362 (+123.8%), from €15,635 to €34,997
mainly Debts after one year (+€160,369) and Net result for the year (+€50,363)
- Debts after one year +€160,369
up €160,369 (+282.2%), from €56,829 to €217,197
- Reserves +€48,363
up €48,363 (+21.2%), from €227,828 to €276,191
of which Distributable reserves: +€48,363
- Trade debts +€28,055
up €28,055 (+58.9%), from €47,630 to €75,684
- Current portion of long-term debt +€17,345
up €17,345 (+42.0%), from €41,262 to €58,607
- Tax, wage and social debts +€10,930
up €10,930 (+26.3%), from €41,491 to €52,421
of which Remuneration and social security: +€19,517
- Financial charges +€7,209
up €7,209 (+116.9%), from €6,166 to €13,375
- Taxes -€6,657
down €6,657 (-51.1%), from €13,015 to €6,359
- Depreciation -€4,209
down €4,209 (-11.3%), from €37,303 to €33,094
- Gross operating margin -€3,052
down €3,052 (-2.8%), from €107,331 to €104,278
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 | €495,690 | €763,387 | +€267,697 | +54.0% |
| Fixed assets | 21/28 | €76,889 | €276,054 | +€199,165 | +259.0% |
| Tangible fixed assets | 22/27 | €76,889 | €276,054 | +€199,165 | +259.0% |
| Land and buildings | 22 | €23,000 | €19,373 | -€3,627 | -15.8% |
| Plant, machinery and equipment | 23 | €44,158 | €27,842 | -€16,316 | -36.9% |
| Furniture and vehicles | 24 | €9,731 | €4,511 | -€5,220 | -53.6% |
| Leasing and similar rights | 25 | - | €224,328 | +€224,328 | |
| Current assets | 29/58 | €418,800 | €487,332 | +€68,532 | +16.4% |
| Stocks and contracts in progress | 3 | €315,566 | €335,325 | +€19,759 | +6.3% |
| Stocks | 30/36 | €315,566 | €335,325 | +€19,759 | +6.3% |
| Amounts receivable within one year | 40/41 | €87,154 | €114,210 | +€27,055 | +31.0% |
| Trade receivables | 40 | €86,753 | €113,165 | +€26,412 | +30.4% |
| Other amounts receivable | 41 | €401 | €1,045 | +€644 | +160.4% |
| Cash at bank and in hand | 54/58 | €15,635 | €34,997 | +€19,362 | +123.8% |
| Deferred charges and accrued income | 490/1 | €445 | €2,801 | +€2,356 | +529.9% |
| Total equity and liabilities | 10/49 | €495,690 | €763,387 | +€267,697 | +54.0% |
| Equity | 10/15 | €246,428 | €294,791 | +€48,363 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €227,828 | €276,191 | +€48,363 | +21.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €225,968 | €274,331 | +€48,363 | +21.4% |
| Amounts payable | 17/49 | €249,261 | €468,595 | +€219,334 | +88.0% |
| Amounts payable after more than one year | 17 | €56,829 | €217,197 | +€160,369 | +282.2% |
| Financial debts | 170/4 | €56,829 | €217,197 | +€160,369 | +282.2% |
| Amounts payable within one year | 42/48 | €192,432 | €251,398 | +€58,965 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €41,262 | €58,607 | +€17,345 | +42.0% |
| Trade debts | 44 | €47,630 | €75,684 | +€28,055 | +58.9% |
| Suppliers | 440/4 | €47,630 | €75,684 | +€28,055 | +58.9% |
| Taxes, remuneration and social security | 45 | €41,491 | €52,421 | +€10,930 | +26.3% |
| Taxes | 450/3 | €22,727 | €14,140 | -€8,586 | -37.8% |
| Remuneration and social security | 454/9 | €18,764 | €38,281 | +€19,517 | +104.0% |
| Other amounts payable | 47/48 | €62,050 | €64,686 | +€2,636 | +4.2% |
| Remuneration, social security and pensions | 62 | - | €90 | +€90 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,303 | €33,094 | -€4,209 | -11.3% |
| Other operating charges | 640/8 | €549 | €997 | +€448 | +81.5% |
| Gross operating margin | 9900 | €107,331 | €104,278 | -€3,052 | -2.8% |
| Operating profit (loss) | 9901 | €69,478 | €70,097 | +€619 | +0.9% |
| Financial income | 75/76B | €62 | - | -€62 | |
| Recurring financial income | 75 | €62 | - | -€62 | |
| Financial charges | 65/66B | €6,166 | €13,375 | +€7,209 | +116.9% |
| Recurring financial charges | 65 | €6,166 | €13,375 | +€7,209 | +116.9% |
| Profit (loss) for the period before taxes | 9903 | €63,375 | €56,722 | -€6,653 | -10.5% |
| Income taxes | 67/77 | €13,015 | €6,359 | -€6,657 | -51.1% |
| Profit (loss) for the period | 9904 | €50,360 | €50,363 | +€3 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,360 | €50,363 | +€3 | 0.0% |
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 4 October 2026 via checked.be.