REGON: what changed
Two fiscal 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.
REGON
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+38.5%), from €4.3m to €5.9m
of which Land and buildings: +€1.6m
- Revaluation surpluses +€1.0m
new in 2025: €1.0m
- Debts after one year +€448,079
up €448,079 (+17.7%), from €2.5m to €3.0m
of which Financial debts: +€445,694
- Current portion of long-term debt +€66,905
up €66,905 (+31.0%), from €215,805 to €282,711
- Gross operating margin +€82,704
up €82,704 (+29.2%), from €283,161 to €365,866
- Depreciation +€46,743
up €46,743 (+49.6%), from €94,174 to €140,917
- Financial income -€13,080
down €13,080 (-92.7%), from €14,112 to €1,033
- Financial charges +€4,014
up €4,014 (+3.1%), from €130,025 to €134,039
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 | €4,354,442 | €5,936,742 | +€1.6m | +36.3% |
| Fixed assets | 21/28 | €4,251,597 | €5,889,180 | +€1.6m | +38.5% |
| Tangible fixed assets | 22/27 | €4,251,597 | €5,889,180 | +€1.6m | +38.5% |
| Land and buildings | 22 | €4,216,640 | €5,853,369 | +€1.6m | +38.8% |
| Plant, machinery and equipment | 23 | €21,323 | €15,120 | -€6,204 | -29.1% |
| Furniture and vehicles | 24 | €13,634 | €17,590 | +€3,955 | +29.0% |
| Other tangible fixed assets | 26 | - | €3,102 | +€3,102 | |
| Current assets | 29/58 | €102,845 | €47,562 | -€55,283 | -53.8% |
| Amounts receivable within one year | 40/41 | €40,311 | €31,163 | -€9,148 | -22.7% |
| Trade receivables | 40 | €40,311 | €31,163 | -€9,148 | -22.7% |
| Current investments | 50/53 | €23,785 | €10,379 | -€13,406 | -56.4% |
| Cash at bank and in hand | 54/58 | €38,749 | €6,021 | -€32,729 | -84.5% |
| Total equity and liabilities | 10/49 | €4,354,442 | €5,936,742 | +€1.6m | +36.3% |
| Equity | 10/15 | €1,436,696 | €2,527,531 | +€1.1m | +75.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,038,358 | +€1.0m | |
| Reserves | 13 | €1,416,696 | €1,469,174 | +€52,477 | +3.7% |
| Distributable reserves | 133 | €1,416,696 | €1,469,174 | +€52,477 | +3.7% |
| Amounts payable | 17/49 | €2,917,746 | €3,409,210 | +€491,464 | +16.8% |
| Amounts payable after more than one year | 17 | €2,531,659 | €2,979,739 | +€448,079 | +17.7% |
| Financial debts | 170/4 | €2,530,070 | €2,975,764 | +€445,694 | +17.6% |
| Other amounts payable | 178/9 | €1,590 | €3,975 | +€2,386 | +150.1% |
| Amounts payable within one year | 42/48 | €279,821 | €330,351 | +€50,530 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €215,805 | €282,711 | +€66,905 | +31.0% |
| Trade debts | 44 | €39,192 | €21,117 | -€18,075 | -46.1% |
| Suppliers | 440/4 | €39,192 | €21,117 | -€18,075 | -46.1% |
| Taxes, remuneration and social security | 45 | €24,741 | €26,436 | +€1,695 | +6.9% |
| Taxes | 450/3 | €24,741 | €26,436 | +€1,695 | +6.9% |
| Other amounts payable | 47/48 | €83 | €87 | +€4 | +5.1% |
| Accrued charges and deferred income | 492/3 | €106,265 | €99,120 | -€7,145 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,174 | €140,917 | +€46,743 | +49.6% |
| Other operating charges | 640/8 | €17,269 | €16,642 | -€627 | -3.6% |
| Gross operating margin | 9900 | €283,161 | €365,866 | +€82,704 | +29.2% |
| Operating profit (loss) | 9901 | €171,718 | €208,306 | +€36,588 | +21.3% |
| Financial income | 75/76B | €14,112 | €1,033 | -€13,080 | -92.7% |
| Recurring financial income | 75 | €14,112 | €1,033 | -€13,080 | -92.7% |
| Financial charges | 65/66B | €130,025 | €134,039 | +€4,014 | +3.1% |
| Recurring financial charges | 65 | €130,025 | €134,039 | +€4,014 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €55,805 | €75,300 | +€19,495 | +34.9% |
| Income taxes | 67/77 | €19,446 | €22,822 | +€3,376 | +17.4% |
| Profit (loss) for the period | 9904 | €36,358 | €52,477 | +€16,119 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,358 | €52,477 | +€16,119 | +44.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.