Regia: 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.
Regia
Largest movements
- Deferred charges and accrued income -€106,407
no longer reported in 2025 (was €106,407)
- Cash -€86,398
down €86,398 (-44.3%), from €195,248 to €108,850
mainly Advances received (-€109,392) and Net result for the year (-€56,629)
- Tangible fixed assets -€7,605
down €7,605 (-32.1%), from €23,691 to €16,086
of which Furniture and vehicles: -€7,434
- Advances received -€109,392
no longer reported in 2025 (was €109,392)
- Profit (loss) carried forward -€56,629
new in 2025: -€56,629
- Tax, wage and social debts -€32,826
down €32,826 (-94.6%), from €34,683 to €1,857
- Trade debts -€7,461
down €7,461 (-63.2%), from €11,811 to €4,349
- Other debts +€5,283
up €5,283 (+413.7%), from €1,277 to €6,560
- Gross operating margin -€167,696
down €167,696, from €119,086 to -€48,610
- Taxes -€30,999
down €30,999 (-99.6%), from €31,131 to €132
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 | €346,545 | €145,519 | -€201,026 | -58.0% |
| Fixed assets | 21/28 | €23,691 | €16,086 | -€7,605 | -32.1% |
| Tangible fixed assets | 22/27 | €23,691 | €16,086 | -€7,605 | -32.1% |
| Plant, machinery and equipment | 23 | €308 | €138 | -€171 | -55.3% |
| Furniture and vehicles | 24 | €23,383 | €15,948 | -€7,434 | -31.8% |
| Current assets | 29/58 | €322,854 | €129,433 | -€193,421 | -59.9% |
| Amounts receivable within one year | 40/41 | €21,199 | €20,583 | -€616 | -2.9% |
| Trade receivables | 40 | €21,199 | €5,711 | -€15,488 | -73.1% |
| Other amounts receivable | 41 | €0 | €14,872 | +€14,872 | |
| Cash at bank and in hand | 54/58 | €195,248 | €108,850 | -€86,398 | -44.3% |
| Deferred charges and accrued income | 490/1 | €106,407 | - | -€106,407 | |
| Total equity and liabilities | 10/49 | €346,545 | €145,519 | -€201,026 | -58.0% |
| Equity | 10/15 | €189,383 | €132,753 | -€56,629 | -29.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €179,383 | €179,383 | = | 0.0% |
| Distributable reserves | 133 | €179,383 | €179,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€56,629 | -€56,629 | |
| Amounts payable | 17/49 | €157,163 | €12,766 | -€144,396 | -91.9% |
| Amounts payable within one year | 42/48 | €157,163 | €12,766 | -€144,396 | -91.9% |
| Trade debts | 44 | €11,811 | €4,349 | -€7,461 | -63.2% |
| Suppliers | 440/4 | €11,811 | €4,349 | -€7,461 | -63.2% |
| Advances received on contracts in progress | 46 | €109,392 | - | -€109,392 | |
| Taxes, remuneration and social security | 45 | €34,683 | €1,857 | -€32,826 | -94.6% |
| Taxes | 450/3 | €34,683 | €1,857 | -€32,826 | -94.6% |
| Other amounts payable | 47/48 | €1,277 | €6,560 | +€5,283 | +413.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,605 | €7,605 | = | 0.0% |
| Other operating charges | 640/8 | €223 | €101 | -€122 | -54.7% |
| Gross operating margin | 9900 | €119,086 | -€48,610 | -€167,696 | |
| Operating profit (loss) | 9901 | €111,258 | -€56,316 | -€167,574 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €160 | €181 | +€21 | +13.1% |
| Recurring financial charges | 65 | €160 | €181 | +€21 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €111,098 | -€56,497 | -€167,596 | |
| Income taxes | 67/77 | €31,131 | €132 | -€30,999 | -99.6% |
| Profit (loss) for the period | 9904 | €79,967 | -€56,629 | -€136,596 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,967 | -€56,629 | -€136,596 |
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 2 October 2026 via checked.be.