REGIMA: 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.
REGIMA
Largest movements
- Stocks and contracts -€587,613
down €587,613 (-49.6%), from €1.2m to €596,092
- Tangible fixed assets +€176,691
up €176,691 (+7.6%), from €2.3m to €2.5m
of which Plant, machinery and equipment: +€151,803
- Receivables within one year +€150,867
up €150,867 (+85.7%), from €176,061 to €326,928
of which Trade receivables: +€173,901
- Cash -€42,542
down €42,542 (-12.4%), from €343,828 to €301,286
mainly Investment in fixed assets (net) (-€541,844) and Trade debts (-€391,235)
- Trade debts -€391,235
down €391,235 (-60.4%), from €647,596 to €256,361
- Debts after one year +€148,505
up €148,505 (+8.8%), from €1.7m to €1.8m
of which Other amounts payable: +€234,682
- Current portion of long-term debt -€85,824
down €85,824 (-24.9%), from €344,765 to €258,942
- Profit (loss) carried forward +€51,557
up €51,557 (+5.4%), from €951,077 to €1.0m
- Gross operating margin -€376,588
down €376,588 (-44.2%), from €852,814 to €476,226
- Staff costs -€24,696
down €24,696 (-62.8%), from €39,348 to €14,652
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 | €4,071,375 | €3,761,248 | -€310,126 | -7.6% |
| Fixed assets | 21/28 | €2,344,932 | €2,521,084 | +€176,151 | +7.5% |
| Intangible fixed assets | 21 | €12,601 | €12,601 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,331,458 | €2,508,149 | +€176,691 | +7.6% |
| Land and buildings | 22 | €1,644,158 | €1,697,247 | +€53,088 | +3.2% |
| Plant, machinery and equipment | 23 | €617,872 | €769,675 | +€151,803 | +24.6% |
| Furniture and vehicles | 24 | €69,428 | €41,228 | -€28,200 | -40.6% |
| Financial fixed assets | 28 | €873 | €333 | -€540 | -61.8% |
| Current assets | 29/58 | €1,726,442 | €1,240,165 | -€486,278 | -28.2% |
| Stocks and contracts in progress | 3 | €1,183,705 | €596,092 | -€587,613 | -49.6% |
| Stocks | 30/36 | €1,183,705 | €596,092 | -€587,613 | -49.6% |
| Amounts receivable within one year | 40/41 | €176,061 | €326,928 | +€150,867 | +85.7% |
| Trade receivables | 40 | €147,478 | €321,380 | +€173,901 | +117.9% |
| Other amounts receivable | 41 | €28,583 | €5,548 | -€23,035 | -80.6% |
| Current investments | 50/53 | €11,906 | €11,906 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €343,828 | €301,286 | -€42,542 | -12.4% |
| Deferred charges and accrued income | 490/1 | €10,942 | €3,953 | -€6,989 | -63.9% |
| Total equity and liabilities | 10/49 | €4,071,375 | €3,761,248 | -€310,126 | -7.6% |
| Equity | 10/15 | €1,342,458 | €1,374,939 | +€32,481 | +2.4% |
| Contributions | 10/11 | €233,676 | €233,676 | = | 0.0% |
| Reserves | 13 | €125,269 | €112,954 | -€12,316 | -9.8% |
| Non-distributable reserves | 130/1 | €24,359 | €24,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,359 | €24,359 | = | 0.0% |
| Tax-exempt reserves | 132 | €100,910 | €88,594 | -€12,316 | -12.2% |
| Profit (loss) carried forward | 14 | €951,077 | €1,002,634 | +€51,557 | +5.4% |
| Investment grants | 15 | €32,435 | €25,675 | -€6,761 | -20.8% |
| Provisions and deferred taxes | 16 | €33,637 | €29,531 | -€4,105 | -12.2% |
| Deferred taxes | 168 | €33,637 | €29,531 | -€4,105 | -12.2% |
| Amounts payable | 17/49 | €2,695,281 | €2,356,778 | -€338,502 | -12.6% |
| Amounts payable after more than one year | 17 | €1,691,796 | €1,840,301 | +€148,505 | +8.8% |
| Financial debts | 170/4 | €1,599,915 | €1,513,738 | -€86,177 | -5.4% |
| Other amounts payable | 178/9 | €91,881 | €326,564 | +€234,682 | +255.4% |
| Amounts payable within one year | 42/48 | €1,003,485 | €516,477 | -€487,008 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €344,765 | €258,942 | -€85,824 | -24.9% |
| Trade debts | 44 | €647,596 | €256,361 | -€391,235 | -60.4% |
| Suppliers | 440/4 | €647,596 | €256,361 | -€391,235 | -60.4% |
| Taxes, remuneration and social security | 45 | €11,124 | €1,174 | -€9,949 | -89.4% |
| Taxes | 450/3 | €4,499 | €987 | -€3,512 | -78.1% |
| Remuneration and social security | 454/9 | €6,624 | €187 | -€6,437 | -97.2% |
| Remuneration, social security and pensions | 62 | €39,348 | €14,652 | -€24,696 | -62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359,075 | €365,693 | +€6,618 | +1.8% |
| Other operating charges | 640/8 | €8,081 | €9,923 | +€1,843 | +22.8% |
| Gross operating margin | 9900 | €852,814 | €476,226 | -€376,588 | -44.2% |
| Operating profit (loss) | 9901 | €446,310 | €85,957 | -€360,353 | -80.7% |
| Financial income | 75/76B | €1,890 | €1,017 | -€873 | -46.2% |
| Recurring financial income | 75 | €1,890 | €1,017 | -€873 | -46.2% |
| Financial charges | 65/66B | €42,604 | €50,635 | +€8,031 | +18.9% |
| Recurring financial charges | 65 | €42,604 | €50,635 | +€8,031 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €405,596 | €36,339 | -€369,257 | -91.0% |
| Transfer from deferred taxes | 780 | €4,105 | €4,105 | = | 0.0% |
| Income taxes | 67/77 | €4,539 | €1,202 | -€3,336 | -73.5% |
| Profit (loss) for the period | 9904 | €405,163 | €39,242 | -€365,921 | -90.3% |
| Transfer from tax-exempt reserves | 789 | €12,316 | €12,316 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €417,478 | €51,557 | -€365,921 | -87.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.