REGOLI: 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.
REGOLI
Largest movements
- Receivables within one year -€393,427
down €393,427 (-41.6%), from €946,093 to €552,666
of which Trade receivables: -€480,933
- Tangible fixed assets +€67,897
up €67,897 (+13.9%), from €488,007 to €555,904
of which Land and buildings: +€451,983
- Cash +€61,993
up €61,993 (+8.2%), from €759,146 to €821,138
mainly Net result for the year (+€449,037) and Receivables within one year (+€393,427)
- Current investments +€38,407
up €38,407 (+5.6%), from €681,710 to €720,118
- Reserves +€449,037
up €449,037 (+22.2%), from €2.0m to €2.5m
of which Distributable reserves: +€449,037
- Trade debts -€307,429
down €307,429 (-74.3%), from €413,990 to €106,560
- Tax, wage and social debts -€291,399
down €291,399 (-67.2%), from €433,404 to €142,004
of which Taxes: -€291,399
- Debts after one year -€84,520
down €84,520 (-10.4%), from €810,827 to €726,308
of which Other amounts payable: -€112,034
- Gross operating margin -€395,997
down €395,997 (-36.8%), from €1.1m to €679,092
- Taxes -€131,230
down €131,230 (-37.9%), from €346,266 to €215,037
- Financial income +€37,252
up €37,252 (+89.4%), from €41,651 to €78,903
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 | €3,809,715 | €3,564,692 | -€245,022 | -6.4% |
| Fixed assets | 21/28 | €545,207 | €613,104 | +€67,897 | +12.5% |
| Tangible fixed assets | 22/27 | €488,007 | €555,904 | +€67,897 | +13.9% |
| Land and buildings | 22 | €50,182 | €502,165 | +€451,983 | +900.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €20,021 | €53,739 | +€33,718 | +168.4% |
| Assets under construction and advance payments | 27 | €417,804 | €0 | -€417,804 | -100.0% |
| Financial fixed assets | 28 | €57,200 | €57,200 | = | 0.0% |
| Current assets | 29/58 | €3,264,508 | €2,951,588 | -€312,920 | -9.6% |
| Amounts receivable after more than one year | 29 | €831,312 | €811,749 | -€19,563 | -2.4% |
| Other amounts receivable | 291 | €831,312 | €811,749 | -€19,563 | -2.4% |
| Amounts receivable within one year | 40/41 | €946,093 | €552,666 | -€393,427 | -41.6% |
| Trade receivables | 40 | €946,011 | €465,078 | -€480,933 | -50.8% |
| Other amounts receivable | 41 | €82 | €87,588 | +€87,506 | +107198.4% |
| Current investments | 50/53 | €681,710 | €720,118 | +€38,407 | +5.6% |
| Cash at bank and in hand | 54/58 | €759,146 | €821,138 | +€61,993 | +8.2% |
| Deferred charges and accrued income | 490/1 | €46,247 | €45,917 | -€330 | -0.7% |
| Total equity and liabilities | 10/49 | €3,809,715 | €3,564,692 | -€245,022 | -6.4% |
| Equity | 10/15 | €2,042,453 | €2,491,489 | +€449,037 | +22.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,023,861 | €2,472,897 | +€449,037 | +22.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €2,022,001 | €2,471,038 | +€449,037 | +22.2% |
| Amounts payable | 17/49 | €1,767,262 | €1,073,203 | -€694,059 | -39.3% |
| Amounts payable after more than one year | 17 | €810,827 | €726,308 | -€84,520 | -10.4% |
| Financial debts | 170/4 | €222,992 | €250,507 | +€27,515 | +12.3% |
| Other amounts payable | 178/9 | €587,835 | €475,801 | -€112,034 | -19.1% |
| Amounts payable within one year | 42/48 | €882,815 | €286,737 | -€596,078 | -67.5% |
| Current portion of amounts payable after more than one year | 42 | €23,247 | €26,246 | +€2,999 | +12.9% |
| Financial debts | 43 | €12,175 | €11,926 | -€249 | -2.0% |
| Credit institutions | 430/8 | €12,175 | €11,926 | -€249 | -2.0% |
| Trade debts | 44 | €413,990 | €106,560 | -€307,429 | -74.3% |
| Suppliers | 440/4 | €413,990 | €106,560 | -€307,429 | -74.3% |
| Taxes, remuneration and social security | 45 | €433,404 | €142,004 | -€291,399 | -67.2% |
| Taxes | 450/3 | €433,404 | €142,004 | -€291,399 | -67.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €73,620 | €60,159 | -€13,461 | -18.3% |
| Non-recurring operating income | 76A | - | €24,657 | +€24,657 | |
| Remuneration, social security and pensions | 62 | €773 | €900 | +€128 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,102 | €23,392 | +€5,290 | +29.2% |
| Other operating charges | 640/8 | €5,332 | €10,379 | +€5,048 | +94.7% |
| Non-recurring operating charges | 66A | - | €355 | +€355 | |
| Gross operating margin | 9900 | €1,075,090 | €679,092 | -€395,997 | -36.8% |
| Operating profit (loss) | 9901 | €1,050,883 | €644,066 | -€406,817 | -38.7% |
| Financial income | 75/76B | €41,651 | €78,903 | +€37,252 | +89.4% |
| Recurring financial income | 75 | €41,651 | €78,903 | +€37,252 | +89.4% |
| Financial charges | 65/66B | €65,730 | €58,896 | -€6,834 | -10.4% |
| Recurring financial charges | 65 | €65,730 | €58,896 | -€6,834 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €1,026,805 | €664,074 | -€362,731 | -35.3% |
| Income taxes | 67/77 | €346,266 | €215,037 | -€131,230 | -37.9% |
| Profit (loss) for the period | 9904 | €680,538 | €449,037 | -€231,501 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €680,538 | €449,037 | -€231,501 | -34.0% |
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 11 October 2026 via checked.be.