REGent: 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.
REGent
Largest movements
- Receivables after one year +€8.5m
up €8.5m (+33.5%), from €25.3m to €33.8m
- Receivables within one year +€1.3m
up €1.3m (+38.3%), from €3.3m to €4.6m
of which Other amounts receivable: +€1.5m
- Accrued charges and deferred income +€7.1m
up €7.1m (+784.7%), from €905,075 to €8.0m
- Debts after one year +€2.0m
up €2.0m (+7.7%), from €26.7m to €28.7m
of which Financial debts: +€2.9m
- Debts within one year +€461,796
up €461,796 (+12.5%), from €3.7m to €4.1m
of which Current portion of long-term debt: +€719,890
- Gross operating margin +€343,016
up €343,016 (+361.9%), from €94,772 to €437,788
- Financial charges +€179,266
up €179,266 (+224.6%), from €79,828 to €259,094
- Financial income +€127,067
up €127,067 (+99.2%), from €128,129 to €255,196
- Other operating charges -€59,407
down €59,407 (-95.0%), from €62,544 to €3,137
- Write-downs +€8,157
new in 2025: €8,157
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 | €32,646,160 | €42,670,602 | +€10.0m | +30.7% |
| Fixed assets | 21/28 | €11,784 | €5,503 | -€6,281 | -53.3% |
| Intangible fixed assets | 21 | €3,129 | - | -€3,129 | |
| Tangible fixed assets | 22/27 | €8,656 | €5,503 | -€3,153 | -36.4% |
| Plant, machinery and equipment | 23 | €8,656 | €5,503 | -€3,153 | -36.4% |
| Current assets | 29/58 | €32,634,376 | €42,665,099 | +€10.0m | +30.7% |
| Amounts receivable after more than one year | 29 | €25,283,578 | €33,754,139 | +€8.5m | +33.5% |
| Other amounts receivable | 291 | €25,283,578 | €33,754,139 | +€8.5m | +33.5% |
| Stocks and contracts in progress | 3 | €9,166 | - | -€9,166 | |
| Stocks | 30/36 | €9,166 | - | -€9,166 | |
| Amounts receivable within one year | 40/41 | €3,331,498 | €4,606,867 | +€1.3m | +38.3% |
| Trade receivables | 40 | €296,586 | €119,806 | -€176,780 | -59.6% |
| Other amounts receivable | 41 | €3,034,912 | €4,487,061 | +€1.5m | +47.8% |
| Cash at bank and in hand | 54/58 | €4,004,484 | €4,298,118 | +€293,634 | +7.3% |
| Deferred charges and accrued income | 490/1 | €5,649 | €5,975 | +€326 | +5.8% |
| Total equity and liabilities | 10/49 | €32,646,160 | €42,670,602 | +€10.0m | +30.7% |
| Equity | 10/15 | €1,389,374 | €1,802,584 | +€413,210 | +29.7% |
| Reserves | 13 | €238,738 | €638,738 | +€400,000 | +167.5% |
| Profit (loss) carried forward | 14 | €1,150,636 | €1,163,845 | +€13,210 | +1.1% |
| Amounts payable | 17/49 | €31,256,786 | €40,868,018 | +€9.6m | +30.7% |
| Amounts payable after more than one year | 17 | €26,671,898 | €28,719,386 | +€2.0m | +7.7% |
| Financial debts | 170/4 | €22,555,507 | €25,465,635 | +€2.9m | +12.9% |
| Other amounts payable | 178/9 | €4,116,391 | €3,253,751 | -€862,640 | -21.0% |
| Amounts payable within one year | 42/48 | €3,679,813 | €4,141,609 | +€461,796 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €1,907,519 | €2,627,409 | +€719,890 | +37.7% |
| Trade debts | 44 | €254,174 | €351,878 | +€97,704 | +38.4% |
| Suppliers | 440/4 | €254,174 | €351,878 | +€97,704 | +38.4% |
| Taxes, remuneration and social security | 45 | €45,534 | €36,042 | -€9,492 | -20.8% |
| Taxes | 450/3 | €45,534 | €36,042 | -€9,492 | -20.8% |
| Accrued charges and deferred income | 492/3 | €905,075 | €8,007,024 | +€7.1m | +784.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,932 | €9,386 | -€4,546 | -32.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €8,157 | +€8,157 | |
| Other operating charges | 640/8 | €62,544 | €3,137 | -€59,407 | -95.0% |
| Gross operating margin | 9900 | €94,772 | €437,788 | +€343,016 | +361.9% |
| Operating profit (loss) | 9901 | €18,296 | €417,107 | +€398,812 | +2179.8% |
| Financial income | 75/76B | €128,129 | €255,196 | +€127,067 | +99.2% |
| Recurring financial income | 75 | €128,129 | €255,196 | +€127,067 | +99.2% |
| Financial charges | 65/66B | €79,828 | €259,094 | +€179,266 | +224.6% |
| Recurring financial charges | 65 | €79,828 | €259,094 | +€179,266 | +224.6% |
| Profit (loss) for the period before taxes | 9903 | €66,597 | €413,210 | +€346,613 | +520.5% |
| Profit (loss) for the period | 9904 | €66,597 | €413,210 | +€346,613 | +520.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,597 | €413,210 | +€346,613 | +520.5% |
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.