REGENERATION: 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.
What changed
REGENERATION
NACE 14.210, Manufacture of outerwear
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · -€522,778-€588,491
Equity
€5.9m
2024 · €1.2m+€4.7m
Cash
€651,239
2024 · €832,032-€180,793
Balance sheet total
€6.4m
2024 · €1.3m+€5.1m
Largest movements
Assets
- Current investments +€5.1m
new in 2025: €5.1m
- Receivables within one year +€246,382
up €246,382 (+340%), from €72,551 to €318,933
of which Other amounts receivable: +€278,649
- Cash -€180,793
down €180,793 (-21.7%), from €832,032 to €651,239
mainly Current investments (-€5.1m) and Net result for the year (-€1.1m)
Equity and liabilities
- Contributions +€5.9m
up €5.9m (+225%), from €2.6m to €8.5m
- Profit (loss) carried forward -€1.1m
down €1.1m (-78.3%), from -€1.4m to -€2.5m
- Accrued charges and deferred income +€266,214
up €266,214 (+8,078%), from €3,295 to €269,509
Income statement
- Gross operating margin -€674,676
down €674,676, from €259,050 to -€415,626
- Staff costs -€84,186
down €84,186 (-12.3%), from €687,051 to €602,865
- Financial charges -€4,192
down €4,192 (-18.8%), from €22,270 to €18,078
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.
Result 2024
-€522,778
Gross operating margin
-€674,676
Staff costs
+€84,186
Depreciation
+€3,452
Other operating charges
+€849
Other operating items
-€8,499
Financial income
+€2,917
Financial charges
+€4,192
Taxes
-€912
Result 2025
-€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€983,809
Investment
-€5.1m
Financing
+€5.9m
Cash 2024
€832,032
From operations (derived)
-€983,809
Net result for the year
-€1.1m
Depreciation
+€68,323
Smaller working-capital items
+€6,748
Receivables within one year
-€246,382
Deferred charges and accrued income
-€36,291
Trade debts
+€46,723
Tax, wage and social debts
+€22,125
Accrued charges and deferred income
+€266,214
Investment (derived)
-€5.1m
Current investments
-€5.1m
Financing
+€5.9m
Debts after one year
-€3,000
Current portion of long-term debt
-€4,595
Short-term financial debts
+€5,661
Contributions, distributions and other
+€5.9m
Cash 2025
€651,239
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,304,492 | €6,387,499 | +€5.1m | +390% |
| Formation expenses | 20 | €321 | €183 | -€138 | -42.9% |
| Fixed assets | 21/28 | €290,956 | €222,771 | -€68,185 | -23.4% |
| Intangible fixed assets | 21 | €177,932 | €143,429 | -€34,503 | -19.4% |
| Tangible fixed assets | 22/27 | €112,612 | €78,930 | -€33,682 | -29.9% |
| Plant, machinery and equipment | 23 | €98,271 | €70,516 | -€27,755 | -28.2% |
| Furniture and vehicles | 24 | €14,341 | €8,414 | -€5,927 | -41.3% |
| Financial fixed assets | 28 | €412 | €412 | = | 0.0% |
| Current assets | 29/58 | €1,013,215 | €6,164,545 | +€5.2m | +508% |
| Stocks and contracts in progress | 3 | €94,922 | €92,243 | -€2,679 | -2.8% |
| Stocks | 30/36 | €94,922 | €92,243 | -€2,679 | -2.8% |
| Amounts receivable within one year | 40/41 | €72,551 | €318,933 | +€246,382 | +340% |
| Trade receivables | 40 | €43,935 | €11,669 | -€32,266 | -73.4% |
| Other amounts receivable | 41 | €28,616 | €307,264 | +€278,649 | +974% |
| Current investments | 50/53 | - | €5,052,128 | +€5.1m | |
| Cash at bank and in hand | 54/58 | €832,032 | €651,239 | -€180,793 | -21.7% |
| Deferred charges and accrued income | 490/1 | €13,711 | €50,001 | +€36,291 | +265% |
| Total equity and liabilities | 10/49 | €1,304,492 | €6,387,499 | +€5.1m | +390% |
| Equity | 10/15 | €1,188,762 | €5,934,573 | +€4.7m | +399% |
| Contributions | 10/11 | €2,607,579 | €8,464,641 | +€5.9m | +225% |
| Profit (loss) carried forward | 14 | -€1,418,817 | -€2,530,068 | -€1.1m | -78.3% |
| Amounts payable | 17/49 | €115,730 | €452,926 | +€337,196 | +291% |
| Amounts payable after more than one year | 17 | €3,000 | €0 | -€3,000 | -100% |
| Financial debts | 170/4 | €3,000 | €0 | -€3,000 | -100% |
| Amounts payable within one year | 42/48 | €109,434 | €183,417 | +€73,982 | +67.6% |
| Current portion of amounts payable after more than one year | 42 | €4,595 | €0 | -€4,595 | -100% |
| Financial debts | 43 | €2,402 | €8,062 | +€5,661 | +236% |
| Credit institutions | 430/8 | €2,402 | €8,062 | +€5,661 | +236% |
| Trade debts | 44 | €22,210 | €68,932 | +€46,723 | +210% |
| Suppliers | 440/4 | €22,210 | €68,932 | +€46,723 | +210% |
| Taxes, remuneration and social security | 45 | €70,775 | €92,900 | +€22,125 | +31.3% |
| Taxes | 450/3 | €6 | €0 | -€6 | -100% |
| Remuneration and social security | 454/9 | €70,769 | €92,900 | +€22,131 | +31.3% |
| Other amounts payable | 47/48 | €9,453 | €13,522 | +€4,069 | +43.0% |
| Accrued charges and deferred income | 492/3 | €3,295 | €269,509 | +€266,214 | +8,078% |
| Remuneration, social security and pensions | 62 | €687,051 | €602,865 | -€84,186 | -12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,775 | €68,323 | -€3,452 | -4.8% |
| Other operating charges | 640/8 | €993 | €144 | -€849 | -85.5% |
| Non-recurring operating charges | 66A | €0 | €8,499 | +€8,499 | |
| Gross operating margin | 9900 | €259,050 | -€415,626 | -€674,676 | |
| Operating profit (loss) | 9901 | -€500,769 | -€1,095,457 | -€594,688 | -119% |
| Financial income | 75/76B | €262 | €3,179 | +€2,917 | +1,115% |
| Recurring financial income | 75 | €262 | €3,179 | +€2,917 | +1,115% |
| Financial charges | 65/66B | €22,270 | €18,078 | -€4,192 | -18.8% |
| Recurring financial charges | 65 | €22,270 | €18,078 | -€4,192 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | -€522,778 | -€1,110,356 | -€587,578 | -112% |
| Income taxes | 67/77 | - | €912 | +€912 | |
| Profit (loss) for the period | 9904 | -€522,778 | -€1,111,269 | -€588,491 | -113% |
| Profit (loss) for the period to be appropriated | 9905 | -€522,778 | -€1,111,269 | -€588,491 | -113% |
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 17 October 2026 via checked.be.