REGINA'S: 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'S
Largest movements
- Receivables within one year +€17,048
up €17,048 (+35.0%), from €48,667 to €65,715
of which Trade receivables: +€15,380
- Cash -€14,193
down €14,193 (-32.2%), from €44,127 to €29,934
mainly Receivables within one year (-€17,048) and Investment in fixed assets (net) (-€13,264)
- Tangible fixed assets +€6,313
up €6,313 (+25.2%), from €25,051 to €31,363
of which Plant, machinery and equipment: +€5,938
- Stocks and contracts -€2,099
down €2,099 (-15.1%), from €13,890 to €11,791
- Tax, wage and social debts +€9,900
up €9,900 (+53.2%), from €18,615 to €28,515
of which Taxes: +€9,273
- Trade debts -€2,177
down €2,177 (-6.7%), from €32,501 to €30,324
- Current portion of long-term debt -€2,112
down €2,112 (-12.8%), from €16,514 to €14,402
- Profit (loss) carried forward +€2,000
up €2,000 (+4.4%), from €45,801 to €47,800
- Gross operating margin -€36,212
down €36,212 (-12.5%), from €289,643 to €253,431
- Taxes -€5,470
down €5,470 (-94.0%), from €5,819 to €349
- Staff costs -€4,936
down €4,936 (-2.0%), from €241,261 to €236,325
- Financial charges +€2,917
up €2,917 (+53.7%), from €5,434 to €8,351
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 | €132,030 | €139,641 | +€7,610 | +5.8% |
| Fixed assets | 21/28 | €25,347 | €31,659 | +€6,313 | +24.9% |
| Tangible fixed assets | 22/27 | €25,051 | €31,363 | +€6,313 | +25.2% |
| Plant, machinery and equipment | 23 | €19,669 | €25,607 | +€5,938 | +30.2% |
| Furniture and vehicles | 24 | €5,382 | €5,757 | +€375 | +7.0% |
| Financial fixed assets | 28 | €296 | €296 | = | 0.0% |
| Current assets | 29/58 | €106,684 | €107,981 | +€1,298 | +1.2% |
| Stocks and contracts in progress | 3 | €13,890 | €11,791 | -€2,099 | -15.1% |
| Stocks | 30/36 | €13,890 | €11,791 | -€2,099 | -15.1% |
| Amounts receivable within one year | 40/41 | €48,667 | €65,715 | +€17,048 | +35.0% |
| Trade receivables | 40 | €35,445 | €50,825 | +€15,380 | +43.4% |
| Other amounts receivable | 41 | €13,221 | €14,890 | +€1,668 | +12.6% |
| Cash at bank and in hand | 54/58 | €44,127 | €29,934 | -€14,193 | -32.2% |
| Deferred charges and accrued income | 490/1 | - | €542 | +€542 | |
| Total equity and liabilities | 10/49 | €132,030 | €139,641 | +€7,610 | +5.8% |
| Equity | 10/15 | €64,401 | €66,400 | +€2,000 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,801 | €47,800 | +€2,000 | +4.4% |
| Amounts payable | 17/49 | €67,630 | €73,241 | +€5,611 | +8.3% |
| Amounts payable within one year | 42/48 | €67,630 | €73,241 | +€5,611 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €16,514 | €14,402 | -€2,112 | -12.8% |
| Trade debts | 44 | €32,501 | €30,324 | -€2,177 | -6.7% |
| Suppliers | 440/4 | €32,501 | €30,324 | -€2,177 | -6.7% |
| Taxes, remuneration and social security | 45 | €18,615 | €28,515 | +€9,900 | +53.2% |
| Taxes | 450/3 | €2,868 | €12,141 | +€9,273 | +323% |
| Remuneration and social security | 454/9 | €15,747 | €16,374 | +€627 | +4.0% |
| Remuneration, social security and pensions | 62 | €241,261 | €236,325 | -€4,936 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,145 | €6,951 | +€1,806 | +35.1% |
| Other operating charges | 640/8 | €1,642 | €1,509 | -€133 | -8.1% |
| Gross operating margin | 9900 | €289,643 | €253,431 | -€36,212 | -12.5% |
| Operating profit (loss) | 9901 | €41,595 | €8,647 | -€32,949 | -79.2% |
| Financial income | 75/76B | €1,250 | €2,053 | +€803 | +64.2% |
| Recurring financial income | 75 | €1,250 | €2,053 | +€803 | +64.2% |
| Financial charges | 65/66B | €5,434 | €8,351 | +€2,917 | +53.7% |
| Recurring financial charges | 65 | €5,434 | €8,351 | +€2,917 | +53.7% |
| Profit (loss) for the period before taxes | 9903 | €37,411 | €2,349 | -€35,063 | -93.7% |
| Income taxes | 67/77 | €5,819 | €349 | -€5,470 | -94.0% |
| Profit (loss) for the period | 9904 | €31,592 | €2,000 | -€29,593 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,592 | €2,000 | -€29,593 | -93.7% |
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.