REGECO: 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.
REGECO
Largest movements
- Cash +€15,430
up €15,430 (+27.3%), from €56,528 to €71,958
mainly Other debts (+€59,500) and Net result for the year (+€22,442)
- Receivables within one year +€3,241
up €3,241 (+27.9%), from €11,623 to €14,864
of which Other amounts receivable: +€2,157
- Deferred charges and accrued income -€1,040
down €1,040 (-30.7%), from €3,392 to €2,352
- Other debts +€59,500
new in 2025: €59,500
- Reserves -€47,558
down €47,558 (-66.6%), from €71,426 to €23,868
- Tax, wage and social debts +€5,286
up €5,286 (+223%), from €2,371 to €7,657
- Financial charges +€35,146
up €35,146 (+2,137%), from €1,645 to €36,791
- Gross operating margin +€32,332
up €32,332 (+88.0%), from €36,751 to €69,083
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 | €77,832 | €94,593 | +€16,761 | +21.5% |
| Fixed assets | 21/28 | €6,289 | €5,419 | -€871 | -13.8% |
| Tangible fixed assets | 22/27 | €6,289 | €5,419 | -€871 | -13.8% |
| Plant, machinery and equipment | 23 | €2,978 | €1,661 | -€1,317 | -44.2% |
| Furniture and vehicles | 24 | €3,311 | €3,758 | +€446 | +13.5% |
| Current assets | 29/58 | €71,543 | €89,174 | +€17,632 | +24.6% |
| Amounts receivable within one year | 40/41 | €11,623 | €14,864 | +€3,241 | +27.9% |
| Trade receivables | 40 | €7,902 | €8,986 | +€1,085 | +13.7% |
| Other amounts receivable | 41 | €3,721 | €5,878 | +€2,157 | +58.0% |
| Cash at bank and in hand | 54/58 | €56,528 | €71,958 | +€15,430 | +27.3% |
| Deferred charges and accrued income | 490/1 | €3,392 | €2,352 | -€1,040 | -30.7% |
| Total equity and liabilities | 10/49 | €77,832 | €94,593 | +€16,761 | +21.5% |
| Equity | 10/15 | €73,426 | €25,868 | -€47,558 | -64.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €71,426 | €23,868 | -€47,558 | -66.6% |
| Distributable reserves | 133 | €71,426 | €23,868 | -€47,558 | -66.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,406 | €68,725 | +€64,320 | +1,460% |
| Amounts payable within one year | 42/48 | €4,406 | €68,725 | +€64,320 | +1,460% |
| Trade debts | 44 | €2,035 | €1,568 | -€467 | -22.9% |
| Suppliers | 440/4 | €2,035 | €1,568 | -€467 | -22.9% |
| Taxes, remuneration and social security | 45 | €2,371 | €7,657 | +€5,286 | +223% |
| Taxes | 450/3 | €2,371 | €7,657 | +€5,286 | +223% |
| Other amounts payable | 47/48 | - | €59,500 | +€59,500 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €11,862 | €0 | -€11,862 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,517 | €2,653 | +€136 | +5.4% |
| Other operating charges | 640/8 | €1,378 | €782 | -€596 | -43.3% |
| Non-recurring operating charges | 66A | - | €180 | +€180 | |
| Gross operating margin | 9900 | €36,751 | €69,083 | +€32,332 | +88.0% |
| Operating profit (loss) | 9901 | €32,855 | €65,469 | +€32,613 | +99.3% |
| Financial income | 75/76B | €183 | €147 | -€36 | -19.6% |
| Recurring financial income | 75 | €183 | €147 | -€36 | -19.6% |
| Financial charges | 65/66B | €1,645 | €36,791 | +€35,146 | +2,137% |
| Recurring financial charges | 65 | €1,645 | €36,791 | +€35,146 | +2,137% |
| Profit (loss) for the period before taxes | 9903 | €31,394 | €28,825 | -€2,568 | -8.2% |
| Income taxes | 67/77 | €6,892 | €6,384 | -€508 | -7.4% |
| Profit (loss) for the period | 9904 | €24,502 | €22,442 | -€2,061 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,502 | €22,442 | -€2,061 | -8.4% |
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 27 October 2026 via checked.be.