REGELEC: 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.
REGELEC
Largest movements
- Tangible fixed assets +€20,793
up €20,793 (+235%), from €8,859 to €29,653
of which Furniture and vehicles: +€21,245
- Receivables within one year +€8,036
up €8,036 (+63.2%), from €12,723 to €20,759
of which Trade receivables: +€8,370
- Cash -€5,410
down €5,410 (-29.9%), from €18,093 to €12,683
mainly Investment in fixed assets (net) (-€28,729) and Receivables within one year (-€8,036)
- Deferred charges and accrued income +€3,178
up €3,178 (+205%), from €1,550 to €4,728
- Stocks and contracts -€1,660
down €1,660 (-7.6%), from €21,764 to €20,104
- Debts after one year +€22,235
up €22,235, from €0 to €22,235
- Current portion of long-term debt +€5,411
up €5,411 (+429%), from €1,260 to €6,671
- Trade debts -€2,117
down €2,117 (-41.3%), from €5,125 to €3,008
- Accrued charges and deferred income -€1,234
down €1,234 (-100%), from €1,234 to €0
- Gross operating margin +€8,592
up €8,592 (+717%), from €1,198 to €9,790
- Purchases and services -€3,960
down €3,960 (-2.9%), from €138,846 to €134,886
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 | €64,016 | €88,490 | +€24,474 | +38.2% |
| Fixed assets | 21/28 | €9,887 | €30,217 | +€20,330 | +206% |
| Intangible fixed assets | 21 | €463 | €0 | -€463 | -100% |
| Tangible fixed assets | 22/27 | €8,859 | €29,653 | +€20,793 | +235% |
| Plant, machinery and equipment | 23 | €668 | €217 | -€452 | -67.6% |
| Furniture and vehicles | 24 | €8,191 | €29,436 | +€21,245 | +259% |
| Financial fixed assets | 28 | €564 | €564 | = | 0.0% |
| Current assets | 29/58 | €54,130 | €58,273 | +€4,144 | +7.7% |
| Stocks and contracts in progress | 3 | €21,764 | €20,104 | -€1,660 | -7.6% |
| Stocks | 30/36 | €21,764 | €20,104 | -€1,660 | -7.6% |
| Amounts receivable within one year | 40/41 | €12,723 | €20,759 | +€8,036 | +63.2% |
| Trade receivables | 40 | €10,873 | €19,243 | +€8,370 | +77.0% |
| Other amounts receivable | 41 | €1,850 | €1,516 | -€334 | -18.1% |
| Cash at bank and in hand | 54/58 | €18,093 | €12,683 | -€5,410 | -29.9% |
| Deferred charges and accrued income | 490/1 | €1,550 | €4,728 | +€3,178 | +205% |
| Total equity and liabilities | 10/49 | €64,016 | €88,490 | +€24,474 | +38.2% |
| Equity | 10/15 | €19,056 | €19,253 | +€197 | +1.0% |
| Contributions | 10/11 | €43,000 | €43,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,944 | -€23,747 | +€197 | +0.8% |
| Amounts payable | 17/49 | €44,960 | €69,237 | +€24,278 | +54.0% |
| Amounts payable after more than one year | 17 | €0 | €22,235 | +€22,235 | |
| Financial debts | 170/4 | €0 | €22,235 | +€22,235 | |
| Amounts payable within one year | 42/48 | €43,726 | €47,002 | +€3,276 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €1,260 | €6,671 | +€5,411 | +429% |
| Trade debts | 44 | €5,125 | €3,008 | -€2,117 | -41.3% |
| Suppliers | 440/4 | €5,125 | €3,008 | -€2,117 | -41.3% |
| Taxes, remuneration and social security | 45 | €3,203 | €3,162 | -€42 | -1.3% |
| Taxes | 450/3 | €972 | €956 | -€16 | -1.6% |
| Remuneration and social security | 454/9 | €2,232 | €2,206 | -€26 | -1.2% |
| Other amounts payable | 47/48 | €34,138 | €34,162 | +€24 | +0.1% |
| Accrued charges and deferred income | 492/3 | €1,234 | €0 | -€1,234 | -100% |
| Turnover | 70 | €127,601 | €128,629 | +€1,028 | +0.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €138,846 | €134,886 | -€3,960 | -2.9% |
| Remuneration, social security and pensions | 62 | €61 | - | -€61 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,449 | €8,399 | +€950 | +12.7% |
| Other operating charges | 640/8 | €414 | €408 | -€6 | -1.6% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €1,198 | €9,790 | +€8,592 | +717% |
| Operating profit (loss) | 9901 | -€6,976 | €983 | +€7,959 | |
| Financial income | 75/76B | €725 | €431 | -€295 | -40.6% |
| Recurring financial income | 75 | €725 | €431 | -€295 | -40.6% |
| Financial charges | 65/66B | €494 | €1,157 | +€664 | +134% |
| Recurring financial charges | 65 | €494 | €1,157 | +€664 | +134% |
| Profit (loss) for the period before taxes | 9903 | -€6,744 | €256 | +€7,001 | |
| Income taxes | 67/77 | €59 | €60 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€6,804 | €197 | +€7,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,804 | €197 | +€7,000 |
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 29 October 2026 via checked.be.