REGAX: 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.
REGAX
Largest movements
- Receivables within one year +€10,684
up €10,684 (+66.9%), from €15,963 to €26,648
- Cash +€6,335
up €6,335 (+2.5%), from €256,823 to €263,158
mainly Net result for the year (+€58,213) and Other debts (+€11,963)
- Reserves +€58,213
up €58,213 (+29.4%), from €198,115 to €256,328
- Tax, wage and social debts -€53,476
down €53,476 (-78.9%), from €67,817 to €14,342
- Other debts +€11,963
up €11,963 (+75.8%), from €15,779 to €27,742
- Gross operating margin -€5,256
down €5,256 (-5.9%), from €89,315 to €84,059
- Financial income +€3,805
up €3,805 (+1078.0%), from €353 to €4,158
- Depreciation +€995
up €995 (+34.4%), from €2,895 to €3,890
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 | €286,379 | €302,287 | +€15,908 | +5.6% |
| Fixed assets | 21/28 | €12,521 | €12,481 | -€40 | -0.3% |
| Tangible fixed assets | 22/27 | €12,521 | €12,481 | -€40 | -0.3% |
| Other tangible fixed assets | 26 | €12,521 | €12,481 | -€40 | -0.3% |
| Current assets | 29/58 | €273,858 | €289,806 | +€15,948 | +5.8% |
| Amounts receivable within one year | 40/41 | €15,963 | €26,648 | +€10,684 | +66.9% |
| Trade receivables | 40 | €15,963 | €26,648 | +€10,684 | +66.9% |
| Cash at bank and in hand | 54/58 | €256,823 | €263,158 | +€6,335 | +2.5% |
| Deferred charges and accrued income | 490/1 | €1,072 | - | -€1,072 | |
| Total equity and liabilities | 10/49 | €286,379 | €302,287 | +€15,908 | +5.6% |
| Equity | 10/15 | €200,115 | €258,328 | +€58,213 | +29.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €198,115 | €256,328 | +€58,213 | +29.4% |
| Distributable reserves | 133 | €198,115 | €256,328 | +€58,213 | +29.4% |
| Amounts payable | 17/49 | €86,264 | €43,959 | -€42,306 | -49.0% |
| Amounts payable within one year | 42/48 | €85,218 | €42,469 | -€42,750 | -50.2% |
| Trade debts | 44 | €1,622 | €385 | -€1,237 | -76.3% |
| Suppliers | 440/4 | €1,622 | €385 | -€1,237 | -76.3% |
| Taxes, remuneration and social security | 45 | €67,817 | €14,342 | -€53,476 | -78.9% |
| Taxes | 450/3 | €67,817 | €14,342 | -€53,476 | -78.9% |
| Other amounts payable | 47/48 | €15,779 | €27,742 | +€11,963 | +75.8% |
| Accrued charges and deferred income | 492/3 | €1,046 | €1,490 | +€444 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,895 | €3,890 | +€995 | +34.4% |
| Other operating charges | 640/8 | €182 | €585 | +€404 | +222.0% |
| Gross operating margin | 9900 | €89,315 | €84,059 | -€5,256 | -5.9% |
| Operating profit (loss) | 9901 | €86,238 | €79,584 | -€6,654 | -7.7% |
| Financial income | 75/76B | €353 | €4,158 | +€3,805 | +1078.0% |
| Recurring financial income | 75 | €353 | €4,158 | +€3,805 | +1078.0% |
| Financial charges | 65/66B | €1,142 | €1,575 | +€433 | +37.9% |
| Recurring financial charges | 65 | €1,142 | €1,575 | +€433 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €85,449 | €82,167 | -€3,282 | -3.8% |
| Income taxes | 67/77 | €23,672 | €23,954 | +€282 | +1.2% |
| Profit (loss) for the period | 9904 | €61,777 | €58,213 | -€3,564 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,777 | €58,213 | -€3,564 | -5.8% |
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 6 October 2026 via checked.be.