Reges: 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.
Reges
Largest movements
- Current investments +€65,000
new in 2025: €65,000
- Receivables within one year +€27,931
up €27,931 (+173.5%), from €16,096 to €44,027
of which Trade receivables: +€27,931
- Cash +€18,614
up €18,614 (+18.8%), from €98,837 to €117,450
mainly Net result for the year (+€63,811) and Tax, wage and social debts (+€17,319)
- Deferred charges and accrued income -€12,775
down €12,775 (-85.0%), from €15,023 to €2,248
- Tangible fixed assets -€9,841
down €9,841 (-28.7%), from €34,271 to €24,429
of which Leasing and similar rights: -€8,922
- Reserves +€63,811
up €63,811 (+61.9%), from €103,089 to €166,899
- Tax, wage and social debts +€17,319
up €17,319 (+71.9%), from €24,086 to €41,405
- Accrued charges and deferred income +€13,246
up €13,246 (+4360.7%), from €304 to €13,550
- Debts after one year -€7,460
down €7,460 (-33.2%), from €22,442 to €14,982
- Gross operating margin -€8,553
down €8,553 (-8.1%), from €105,148 to €96,595
- Write-downs +€4,389
new in 2025: €4,389
- Taxes -€2,584
down €2,584 (-13.5%), from €19,099 to €16,516
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 | €164,226 | €253,155 | +€88,928 | +54.1% |
| Fixed assets | 21/28 | €34,271 | €24,429 | -€9,841 | -28.7% |
| Tangible fixed assets | 22/27 | €34,271 | €24,429 | -€9,841 | -28.7% |
| Plant, machinery and equipment | 23 | €355 | €217 | -€137 | -38.7% |
| Furniture and vehicles | 24 | €1,453 | €672 | -€782 | -53.8% |
| Leasing and similar rights | 25 | €32,463 | €23,540 | -€8,922 | -27.5% |
| Current assets | 29/58 | €129,955 | €228,725 | +€98,770 | +76.0% |
| Amounts receivable within one year | 40/41 | €16,096 | €44,027 | +€27,931 | +173.5% |
| Trade receivables | 40 | €16,093 | €44,024 | +€27,931 | +173.6% |
| Other amounts receivable | 41 | €3 | €3 | = | 0.0% |
| Current investments | 50/53 | - | €65,000 | +€65,000 | |
| Cash at bank and in hand | 54/58 | €98,837 | €117,450 | +€18,614 | +18.8% |
| Deferred charges and accrued income | 490/1 | €15,023 | €2,248 | -€12,775 | -85.0% |
| Total equity and liabilities | 10/49 | €164,226 | €253,155 | +€88,928 | +54.1% |
| Equity | 10/15 | €106,089 | €169,899 | +€63,811 | +60.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €103,089 | €166,899 | +€63,811 | +61.9% |
| Distributable reserves | 133 | €103,089 | €166,899 | +€63,811 | +61.9% |
| Amounts payable | 17/49 | €58,138 | €83,255 | +€25,118 | +43.2% |
| Amounts payable after more than one year | 17 | €22,442 | €14,982 | -€7,460 | -33.2% |
| Financial debts | 170/4 | €22,442 | €14,982 | -€7,460 | -33.2% |
| Amounts payable within one year | 42/48 | €35,392 | €54,723 | +€19,332 | +54.6% |
| Current portion of amounts payable after more than one year | 42 | €7,135 | €7,460 | +€325 | +4.6% |
| Trade debts | 44 | €637 | €2,324 | +€1,687 | +265.0% |
| Suppliers | 440/4 | €637 | €2,324 | +€1,687 | +265.0% |
| Taxes, remuneration and social security | 45 | €24,086 | €41,405 | +€17,319 | +71.9% |
| Taxes | 450/3 | €24,086 | €41,405 | +€17,319 | +71.9% |
| Other amounts payable | 47/48 | €3,534 | €3,534 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €304 | €13,550 | +€13,246 | +4360.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,736 | €9,841 | +€105 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,389 | +€4,389 | |
| Other operating charges | 640/8 | €1,060 | €989 | -€71 | -6.7% |
| Gross operating margin | 9900 | €105,148 | €96,595 | -€8,553 | -8.1% |
| Operating profit (loss) | 9901 | €94,352 | €81,376 | -€12,977 | -13.8% |
| Financial income | 75/76B | €80 | €630 | +€550 | +690.7% |
| Recurring financial income | 75 | €80 | €630 | +€550 | +690.7% |
| Financial charges | 65/66B | €1,603 | €1,679 | +€77 | +4.8% |
| Recurring financial charges | 65 | €1,603 | €1,679 | +€77 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €92,829 | €80,326 | -€12,503 | -13.5% |
| Income taxes | 67/77 | €19,099 | €16,516 | -€2,584 | -13.5% |
| Profit (loss) for the period | 9904 | €73,730 | €63,811 | -€9,919 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,730 | €63,811 | -€9,919 | -13.5% |
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 3 October 2026 via checked.be.