REGIFO: 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.
REGIFO
Largest movements
- Cash -€19,718
down €19,718 (-30.7%), from €64,328 to €44,610
mainly Trade debts (-€31,765) and Receivables within one year (-€18,570)
- Receivables within one year +€18,570
up €18,570 (+16.9%), from €109,986 to €128,555
of which Trade receivables: +€10,154
- Profit (loss) carried forward +€34,037
up €34,037 (+17.0%), from -€199,871 to -€165,834
- Trade debts -€31,765
down €31,765 (-13.5%), from €235,308 to €203,543
- Gross operating margin +€28,160
up €28,160 (+16.9%), from €166,762 to €194,922
- Staff costs +€3,464
up €3,464 (+2.2%), from €156,553 to €160,017
- Other operating charges -€2,048
down €2,048 (-56.7%), from €3,612 to €1,564
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 | €190,595 | €191,907 | +€1,312 | +0.7% |
| Fixed assets | 21/28 | €7,330 | €8,517 | +€1,187 | +16.2% |
| Tangible fixed assets | 22/27 | - | €1,187 | +€1,187 | |
| Furniture and vehicles | 24 | - | €1,187 | +€1,187 | |
| Financial fixed assets | 28 | €7,330 | €7,330 | = | 0.0% |
| Current assets | 29/58 | €183,265 | €183,390 | +€125 | +0.1% |
| Amounts receivable within one year | 40/41 | €109,986 | €128,555 | +€18,570 | +16.9% |
| Trade receivables | 40 | €89,489 | €99,643 | +€10,154 | +11.3% |
| Other amounts receivable | 41 | €20,496 | €28,912 | +€8,415 | +41.1% |
| Cash at bank and in hand | 54/58 | €64,328 | €44,610 | -€19,718 | -30.7% |
| Deferred charges and accrued income | 490/1 | €8,951 | €10,225 | +€1,273 | +14.2% |
| Total equity and liabilities | 10/49 | €190,595 | €191,907 | +€1,312 | +0.7% |
| Equity | 10/15 | -€102,925 | -€68,888 | +€34,037 | +33.1% |
| Contributions | 10/11 | €30,996 | €30,996 | = | 0.0% |
| Reserves | 13 | €65,950 | €65,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,100 | €3,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,100 | €3,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €62,850 | €62,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,871 | -€165,834 | +€34,037 | +17.0% |
| Amounts payable | 17/49 | €293,520 | €260,796 | -€32,724 | -11.1% |
| Amounts payable within one year | 42/48 | €293,520 | €260,585 | -€32,935 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €1,240 | - | -€1,240 | |
| Trade debts | 44 | €235,308 | €203,543 | -€31,765 | -13.5% |
| Suppliers | 440/4 | €235,308 | €203,543 | -€31,765 | -13.5% |
| Taxes, remuneration and social security | 45 | €45,469 | €46,739 | +€1,270 | +2.8% |
| Taxes | 450/3 | €20,950 | €21,509 | +€559 | +2.7% |
| Remuneration and social security | 454/9 | €24,518 | €25,230 | +€711 | +2.9% |
| Other amounts payable | 47/48 | €11,503 | €10,304 | -€1,199 | -10.4% |
| Accrued charges and deferred income | 492/3 | - | €211 | +€211 | |
| Remuneration, social security and pensions | 62 | €156,553 | €160,017 | +€3,464 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €594 | +€594 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€194 | -€43 | +€150 | +77.8% |
| Other operating charges | 640/8 | €3,612 | €1,564 | -€2,048 | -56.7% |
| Gross operating margin | 9900 | €166,762 | €194,922 | +€28,160 | +16.9% |
| Operating profit (loss) | 9901 | €6,790 | €32,790 | +€26,000 | +382.9% |
| Financial income | 75/76B | €2,145 | €1,833 | -€312 | -14.5% |
| Recurring financial income | 75 | €2,145 | €1,833 | -€312 | -14.5% |
| Financial charges | 65/66B | €2,189 | €274 | -€1,915 | -87.5% |
| Recurring financial charges | 65 | €2,189 | €274 | -€1,915 | -87.5% |
| Profit (loss) for the period before taxes | 9903 | €6,746 | €34,349 | +€27,603 | +409.2% |
| Income taxes | 67/77 | - | €312 | +€312 | |
| Profit (loss) for the period | 9904 | €6,746 | €34,037 | +€27,291 | +404.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,746 | €34,037 | +€27,291 | +404.6% |
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.