REGINA B.: 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.
REGINA B.
Largest movements
- Tangible fixed assets +€224,553
up €224,553 (+31.0%), from €723,467 to €948,020
of which Land and buildings: +€236,570
- Cash -€86,756
down €86,756 (-55.5%), from €156,191 to €69,435
mainly Investment in fixed assets (net) (-€264,400) and Contributions, distributions and other (-€50,531)
- Receivables within one year +€18,409
up €18,409 (+141.0%), from €13,052 to €31,461
of which Trade receivables: +€17,348
- Reserves +€59,157
up €59,157 (+6.3%), from €938,872 to €998,029
of which Distributable reserves: +€59,157
- Other debts +€48,247
up €48,247 (+111.3%), from €43,350 to €91,597
- Current portion of long-term debt +€22,574
up €22,574, from €0 to €22,574
- Tax, wage and social debts +€17,606
up €17,606 (+222.4%), from €7,917 to €25,523
- Gross operating margin +€46,343
up €46,343 (+28.4%), from €163,138 to €209,481
- Financial income -€20,971
down €20,971 (-100.0%), from €20,971 to €0
- Taxes +€9,908
up €9,908 (+23.6%), from €41,963 to €51,871
- Depreciation +€7,169
up €7,169 (+21.9%), from €32,678 to €39,847
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 | €1,009,744 | €1,166,044 | +€156,300 | +15.5% |
| Fixed assets | 21/28 | €838,467 | €1,063,020 | +€224,553 | +26.8% |
| Tangible fixed assets | 22/27 | €723,467 | €948,020 | +€224,553 | +31.0% |
| Land and buildings | 22 | €659,811 | €896,381 | +€236,570 | +35.9% |
| Plant, machinery and equipment | 23 | €44,498 | €43,105 | -€1,392 | -3.1% |
| Furniture and vehicles | 24 | €19,158 | €8,534 | -€10,624 | -55.5% |
| Financial fixed assets | 28 | €115,000 | €115,000 | = | 0.0% |
| Current assets | 29/58 | €171,277 | €103,024 | -€68,253 | -39.8% |
| Amounts receivable within one year | 40/41 | €13,052 | €31,461 | +€18,409 | +141.0% |
| Trade receivables | 40 | €5,004 | €22,352 | +€17,348 | +346.7% |
| Other amounts receivable | 41 | €8,048 | €9,109 | +€1,061 | +13.2% |
| Cash at bank and in hand | 54/58 | €156,191 | €69,435 | -€86,756 | -55.5% |
| Deferred charges and accrued income | 490/1 | €2,033 | €2,127 | +€94 | +4.6% |
| Total equity and liabilities | 10/49 | €1,009,744 | €1,166,044 | +€156,300 | +15.5% |
| Equity | 10/15 | €957,464 | €1,016,621 | +€59,157 | +6.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €938,872 | €998,029 | +€59,157 | +6.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €938,872 | €998,029 | +€59,157 | +6.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €52,280 | €149,423 | +€97,143 | +185.8% |
| Amounts payable after more than one year | 17 | - | €9,690 | +€9,690 | |
| Financial debts | 170/4 | - | €9,690 | +€9,690 | |
| Amounts payable within one year | 42/48 | €52,280 | €139,733 | +€87,453 | +167.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €22,574 | +€22,574 | |
| Financial debts | 43 | €648 | €38 | -€610 | -94.1% |
| Credit institutions | 430/8 | €648 | €38 | -€610 | -94.1% |
| Trade debts | 44 | €364 | €0 | -€364 | -100.0% |
| Suppliers | 440/4 | €364 | €0 | -€364 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,917 | €25,523 | +€17,606 | +222.4% |
| Taxes | 450/3 | €7,917 | €25,523 | +€17,606 | +222.4% |
| Other amounts payable | 47/48 | €43,350 | €91,597 | +€48,247 | +111.3% |
| Non-recurring operating income | 76A | - | €1,058 | +€1,058 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,678 | €39,847 | +€7,169 | +21.9% |
| Other operating charges | 640/8 | €3,404 | €5,402 | +€1,998 | +58.7% |
| Gross operating margin | 9900 | €163,138 | €209,481 | +€46,343 | +28.4% |
| Operating profit (loss) | 9901 | €127,056 | €164,231 | +€37,175 | +29.3% |
| Financial income | 75/76B | €20,971 | €0 | -€20,971 | -100.0% |
| Recurring financial income | 75 | €20,971 | €0 | -€20,971 | -100.0% |
| Financial charges | 65/66B | €761 | €2,672 | +€1,912 | +251.3% |
| Recurring financial charges | 65 | €761 | €2,672 | +€1,912 | +251.3% |
| Profit (loss) for the period before taxes | 9903 | €147,267 | €161,559 | +€14,292 | +9.7% |
| Income taxes | 67/77 | €41,963 | €51,871 | +€9,908 | +23.6% |
| Profit (loss) for the period | 9904 | €105,304 | €109,688 | +€4,384 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €105,304 | €109,688 | +€4,384 | +4.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.