REGICLER: 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.
REGICLER
Largest movements
- Tangible fixed assets -€79,571
down €79,571 (-18.4%), from €433,137 to €353,565
of which Furniture and vehicles: -€49,398
- Receivables within one year -€47,186
down €47,186 (-29.4%), from €160,385 to €113,198
of which Trade receivables: -€47,192
- Cash +€44,131
up €44,131 (+145.4%), from €30,343 to €74,474
mainly Depreciation (+€94,793) and Receivables within one year (+€47,186)
- Stocks and contracts +€8,427
up €8,427 (+34.3%), from €24,582 to €33,009
- Debts after one year -€60,160
down €60,160 (-12.0%), from €500,475 to €440,316
- Other debts +€45,104
up €45,104 (+53.0%), from €85,139 to €130,243
- Trade debts -€35,584
down €35,584 (-85.2%), from €41,788 to €6,204
- Short-term financial debts -€15,892
down €15,892 (-100.0%), from €15,892 to €0
- Tax, wage and social debts -€11,425
down €11,425 (-35.5%), from €32,166 to €20,741
of which Taxes: -€10,760
- Depreciation -€19,749
down €19,749 (-17.2%), from €114,542 to €94,793
- Gross operating margin +€17,078
up €17,078 (+12.4%), from €138,259 to €155,337
- Staff costs +€1,769
up €1,769 (+4.5%), from €38,903 to €40,672
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 | €664,078 | €592,110 | -€71,969 | -10.8% |
| Fixed assets | 21/28 | €446,090 | €362,519 | -€83,571 | -18.7% |
| Intangible fixed assets | 21 | €12,367 | €8,367 | -€4,000 | -32.3% |
| Tangible fixed assets | 22/27 | €433,137 | €353,565 | -€79,571 | -18.4% |
| Land and buildings | 22 | €242,057 | €211,883 | -€30,173 | -12.5% |
| Furniture and vehicles | 24 | €191,080 | €141,682 | -€49,398 | -25.9% |
| Financial fixed assets | 28 | €586 | €586 | = | 0.0% |
| Current assets | 29/58 | €217,988 | €229,591 | +€11,602 | +5.3% |
| Stocks and contracts in progress | 3 | €24,582 | €33,009 | +€8,427 | +34.3% |
| Stocks | 30/36 | €24,582 | €33,009 | +€8,427 | +34.3% |
| Amounts receivable within one year | 40/41 | €160,385 | €113,198 | -€47,186 | -29.4% |
| Trade receivables | 40 | €160,271 | €113,079 | -€47,192 | -29.4% |
| Other amounts receivable | 41 | €113 | €119 | +€6 | +5.2% |
| Cash at bank and in hand | 54/58 | €30,343 | €74,474 | +€44,131 | +145.4% |
| Deferred charges and accrued income | 490/1 | €2,679 | €8,910 | +€6,232 | +232.6% |
| Total equity and liabilities | 10/49 | €664,078 | €592,110 | -€71,969 | -10.8% |
| Equity | 10/15 | -€52,622 | -€47,554 | +€5,068 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,222 | -€66,154 | +€5,068 | +7.1% |
| Amounts payable | 17/49 | €716,700 | €639,664 | -€77,037 | -10.7% |
| Amounts payable after more than one year | 17 | €500,475 | €440,316 | -€60,160 | -12.0% |
| Financial debts | 170/4 | €500,475 | €440,316 | -€60,160 | -12.0% |
| Amounts payable within one year | 42/48 | €216,225 | €199,348 | -€16,877 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €41,240 | €42,160 | +€920 | +2.2% |
| Financial debts | 43 | €15,892 | €0 | -€15,892 | -100.0% |
| Credit institutions | 430/8 | €15,892 | €0 | -€15,892 | -100.0% |
| Trade debts | 44 | €41,788 | €6,204 | -€35,584 | -85.2% |
| Suppliers | 440/4 | €41,788 | €6,204 | -€35,584 | -85.2% |
| Taxes, remuneration and social security | 45 | €32,166 | €20,741 | -€11,425 | -35.5% |
| Taxes | 450/3 | €28,028 | €17,268 | -€10,760 | -38.4% |
| Remuneration and social security | 454/9 | €4,139 | €3,473 | -€666 | -16.1% |
| Other amounts payable | 47/48 | €85,139 | €130,243 | +€45,104 | +53.0% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €38,903 | €40,672 | +€1,769 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,542 | €94,793 | -€19,749 | -17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €130 | €250 | +€120 | +92.3% |
| Other operating charges | 640/8 | €5,845 | €5,568 | -€278 | -4.8% |
| Gross operating margin | 9900 | €138,259 | €155,337 | +€17,078 | +12.4% |
| Operating profit (loss) | 9901 | -€21,161 | €14,054 | +€35,215 | |
| Financial income | 75/76B | €1 | €42 | +€42 | +4898.8% |
| Recurring financial income | 75 | €1 | €42 | +€42 | +4898.8% |
| Financial charges | 65/66B | €9,224 | €9,029 | -€195 | -2.1% |
| Recurring financial charges | 65 | €9,224 | €9,029 | -€195 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€30,384 | €5,068 | +€35,451 | |
| Profit (loss) for the period | 9904 | -€30,384 | €5,068 | +€35,451 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,384 | €5,068 | +€35,451 |
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 10 October 2026 via checked.be.