REGIE CONSTELLATION: 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.
REGIE CONSTELLATION
Largest movements
- Cash +€105,296
up €105,296 (+267%), from €39,435 to €144,732
mainly Trade debts (+€136,146) and Tax, wage and social debts (+€19,226)
- Tangible fixed assets -€21,011
down €21,011 (-22.0%), from €95,666 to €74,655
of which Furniture and vehicles: -€16,372
- Deferred charges and accrued income -€15,580
down €15,580 (-63.2%), from €24,660 to €9,079
- Receivables within one year -€14,127
down €14,127 (-12.7%), from €111,017 to €96,890
of which Other amounts receivable: -€40,632
- Trade debts +€136,146
up €136,146 (+462%), from €29,495 to €165,641
- Profit (loss) carried forward -€93,754
down €93,754 (-95.1%), from €98,552 to €4,798
- Tax, wage and social debts +€19,226
up €19,226 (+70.2%), from €27,398 to €46,624
of which Taxes: +€16,756
- Debts after one year -€6,705
down €6,705 (-10.0%), from €66,926 to €60,221
- Staff costs +€41,781
up €41,781 (+19.8%), from €211,255 to €253,036
- Gross operating margin -€40,087
down €40,087 (-17.7%), from €226,000 to €185,913
- Write-downs -€11,758
down €11,758 (-100%), from €11,758 to €0
- Depreciation +€6,241
up €6,241 (+49.4%), from €12,621 to €18,862
- Taxes -€4,416
down €4,416 (-89.6%), from €4,929 to €513
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €270,778 | €325,355 | +€54,578 | +20.2% |
| Fixed assets | 21/28 | €95,666 | €74,655 | -€21,011 | -22.0% |
| Tangible fixed assets | 22/27 | €95,666 | €74,655 | -€21,011 | -22.0% |
| Plant, machinery and equipment | 23 | €53,342 | €48,704 | -€4,638 | -8.7% |
| Furniture and vehicles | 24 | €42,323 | €25,951 | -€16,372 | -38.7% |
| Current assets | 29/58 | €175,112 | €250,701 | +€75,589 | +43.2% |
| Amounts receivable within one year | 40/41 | €111,017 | €96,890 | -€14,127 | -12.7% |
| Trade receivables | 40 | €64,810 | €91,314 | +€26,504 | +40.9% |
| Other amounts receivable | 41 | €46,207 | €5,575 | -€40,632 | -87.9% |
| Cash at bank and in hand | 54/58 | €39,435 | €144,732 | +€105,296 | +267% |
| Deferred charges and accrued income | 490/1 | €24,660 | €9,079 | -€15,580 | -63.2% |
| Total equity and liabilities | 10/49 | €270,778 | €325,355 | +€54,578 | +20.2% |
| Equity | 10/15 | €139,621 | €45,867 | -€93,754 | -67.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,552 | €4,798 | -€93,754 | -95.1% |
| Amounts payable | 17/49 | €131,157 | €279,488 | +€148,332 | +113% |
| Amounts payable after more than one year | 17 | €66,926 | €60,221 | -€6,705 | -10.0% |
| Financial debts | 170/4 | €66,926 | €60,221 | -€6,705 | -10.0% |
| Amounts payable within one year | 42/48 | €64,231 | €219,267 | +€155,036 | +241% |
| Current portion of amounts payable after more than one year | 42 | €6,486 | €6,705 | +€218 | +3.4% |
| Trade debts | 44 | €29,495 | €165,641 | +€136,146 | +462% |
| Suppliers | 440/4 | €29,495 | €165,641 | +€136,146 | +462% |
| Taxes, remuneration and social security | 45 | €27,398 | €46,624 | +€19,226 | +70.2% |
| Taxes | 450/3 | €0 | €16,756 | +€16,756 | |
| Remuneration and social security | 454/9 | €27,398 | €29,867 | +€2,469 | +9.0% |
| Other amounts payable | 47/48 | €851 | €298 | -€554 | -65.0% |
| Remuneration, social security and pensions | 62 | €211,255 | €253,036 | +€41,781 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,621 | €18,862 | +€6,241 | +49.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,758 | €0 | -€11,758 | -100% |
| Other operating charges | 640/8 | €4,078 | €3,559 | -€519 | -12.7% |
| Non-recurring operating charges | 66A | €26,776 | €0 | -€26,776 | -100% |
| Gross operating margin | 9900 | €226,000 | €185,913 | -€40,087 | -17.7% |
| Operating profit (loss) | 9901 | -€40,488 | -€89,543 | -€49,056 | -121% |
| Financial income | 75/76B | €722 | €531 | -€191 | -26.5% |
| Recurring financial income | 75 | €722 | €531 | -€191 | -26.5% |
| Financial charges | 65/66B | €3,032 | €4,229 | +€1,197 | +39.5% |
| Recurring financial charges | 65 | €3,032 | €4,229 | +€1,197 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | -€42,797 | -€93,241 | -€50,444 | -118% |
| Income taxes | 67/77 | €4,929 | €513 | -€4,416 | -89.6% |
| Profit (loss) for the period | 9904 | -€47,727 | -€93,754 | -€46,027 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,727 | -€93,754 | -€46,027 | -96.4% |
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 28 October 2026 via checked.be.