REGULATEURS GEORGIN BELGIQUE: what changed
REGULATEURS GEORGIN BELGIQUE
Largest movements
- Receivables within one year +€22,104
up €22,104 (+29.3%), from €75,414 to €97,518
of which Trade receivables: +€69,872
- Cash -€17,594
down €17,594 (-64.9%), from €27,123 to €9,529
mainly Receivables within one year (-€22,104) and Tax, wage and social debts (-€13,379)
- Tangible fixed assets -€11,363
down €11,363 (-34.9%), from €32,525 to €21,162
of which Leasing and similar rights: -€18,807
- Profit (loss) carried forward +€18,971
up €18,971 (+69.9%), from €27,134 to €46,105
- Tax, wage and social debts -€13,379
down €13,379 (-21.1%), from €63,365 to €49,985
of which Taxes: -€10,867
- Current portion of long-term debt -€5,982
down €5,982 (-50.6%), from €11,821 to €5,838
- Debts after one year -€5,838
down €5,838 (-47.6%), from €12,264 to €6,426
- Gross operating margin +€130,923
up €130,923 (+77.7%), from €168,549 to €299,472
- Staff costs +€11,191
up €11,191 (+4.5%), from €251,036 to €262,227
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,717 | €133,887 | -€5,831 | -4.2% |
| Fixed assets | 21/28 | €35,147 | €23,784 | -€11,363 | -32.3% |
| Tangible fixed assets | 22/27 | €32,525 | €21,162 | -€11,363 | -34.9% |
| Furniture and vehicles | 24 | - | €7,444 | +€7,444 | |
| Leasing and similar rights | 25 | €32,525 | €13,718 | -€18,807 | -57.8% |
| Financial fixed assets | 28 | €2,622 | €2,622 | = | 0.0% |
| Current assets | 29/58 | €104,571 | €110,103 | +€5,532 | +5.3% |
| Amounts receivable within one year | 40/41 | €75,414 | €97,518 | +€22,104 | +29.3% |
| Trade receivables | 40 | €22,061 | €91,932 | +€69,872 | +317% |
| Other amounts receivable | 41 | €53,354 | €5,586 | -€47,768 | -89.5% |
| Cash at bank and in hand | 54/58 | €27,123 | €9,529 | -€17,594 | -64.9% |
| Deferred charges and accrued income | 490/1 | €2,033 | €3,056 | +€1,023 | +50.3% |
| Total equity and liabilities | 10/49 | €139,717 | €133,887 | -€5,831 | -4.2% |
| Equity | 10/15 | €47,585 | €66,556 | +€18,971 | +39.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,134 | €46,105 | +€18,971 | +69.9% |
| Amounts payable | 17/49 | €92,132 | €67,331 | -€24,801 | -26.9% |
| Amounts payable after more than one year | 17 | €12,264 | €6,426 | -€5,838 | -47.6% |
| Financial debts | 170/4 | €12,264 | €6,426 | -€5,838 | -47.6% |
| Amounts payable within one year | 42/48 | €79,868 | €60,905 | -€18,963 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €11,821 | €5,838 | -€5,982 | -50.6% |
| Trade debts | 44 | €4,682 | €5,081 | +€399 | +8.5% |
| Suppliers | 440/4 | €4,682 | €5,081 | +€399 | +8.5% |
| Taxes, remuneration and social security | 45 | €63,365 | €49,985 | -€13,379 | -21.1% |
| Taxes | 450/3 | €23,533 | €12,666 | -€10,867 | -46.2% |
| Remuneration and social security | 454/9 | €39,832 | €37,319 | -€2,512 | -6.3% |
| Remuneration, social security and pensions | 62 | €251,036 | €262,227 | +€11,191 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,156 | €13,194 | +€38 | +0.3% |
| Other operating charges | 640/8 | €2,693 | €2,918 | +€224 | +8.3% |
| Gross operating margin | 9900 | €168,549 | €299,472 | +€130,923 | +77.7% |
| Operating profit (loss) | 9901 | -€98,336 | €21,133 | +€119,470 | |
| Financial charges | 65/66B | €1,446 | €1,599 | +€153 | +10.6% |
| Recurring financial charges | 65 | €1,446 | €1,599 | +€153 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | -€99,783 | €19,534 | +€119,316 | |
| Income taxes | 67/77 | €567 | €563 | -€4 | -0.7% |
| Profit (loss) for the period | 9904 | -€100,350 | €18,971 | +€119,320 | |
| Profit (loss) for the period to be appropriated | 9905 | -€100,350 | €18,971 | +€119,320 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.