REGULUS: 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.
What changed
REGULUS
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€939,497
2024 · €1.1m-€118,928
Equity
€3.6m
2024 · €2.7m+€939,497
Cash
€44,748
2024 · €56,294-€11,546
Balance sheet total
€5.9m
2024 · €5.1m+€854,891
Largest movements
Assets
- Receivables within one year +€978,079
up €978,079 (+82.8%), from €1.2m to €2.2m
of which Other amounts receivable: +€942,728
- Financial fixed assets -€135,000
down €135,000 (-3.5%), from €3.8m to €3.7m
Equity and liabilities
- Reserves +€939,497
up €939,497 (+78.3%), from €1.2m to €2.1m
of which Distributable reserves: +€939,497
- Debts after one year -€100,257
down €100,257 (-4.5%), from €2.2m to €2.1m
- Current portion of long-term debt -€85,714
down €85,714 (-100.0%), from €85,714 to €0
Income statement
- Turnover +€192,794
up €192,794 (+89.1%), from €216,400 to €409,194
- Financial income -€157,407
down €157,407 (-13.8%), from €1.1m to €983,503
of which Financial income: -€197,541
- Staff costs +€130,772
up €130,772 (+95.0%), from €137,587 to €268,358
- Financial charges +€80,407
up €80,407 (+211.0%), from €38,103 to €118,509
of which Non-recurring financial charges: +€115,000
- Taxes +€17,545
up €17,545 (+91050.6%), from €19 to €17,565
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.
Result 2024
€1.1m
Turnover
+€192,794
Other operating income
+€6,479
Services and other goods
-€17,346
Staff costs
-€130,772
Other operating charges
-€107
Other operating items
+€85,383
Financial income
-€157,407
Financial charges
-€80,407
Taxes
-€17,545
Result 2025
€939,497
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.
From operations
+€39,426
Investment
+€135,000
Financing
-€185,972
Cash 2024
€56,294
From operations (derived)
+€39,426
Net result for the year
+€939,497
Receivables within one year
-€978,079
Deferred charges and accrued income
-€23,358
Trade debts
+€38,977
Tax, wage and social debts
+€22,906
Other debts
+€39,257
Accrued charges and deferred income
+€226
Investment (derived)
+€135,000
Investment in fixed assets (net)
+€135,000
Financing
-€185,972
Debts after one year
-€100,257
Current portion of long-term debt
-€85,714
Cash 2025
€44,748
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,081,234 | €5,936,125 | +€854,891 | +16.8% |
| Fixed assets | 21/28 | €3,835,000 | €3,700,000 | -€135,000 | -3.5% |
| Financial fixed assets | 28 | €3,835,000 | €3,700,000 | -€135,000 | -3.5% |
| Affiliated companies | 280/1 | €3,835,000 | €3,700,000 | -€135,000 | -3.5% |
| Participating interests | 280 | €3,835,000 | €3,700,000 | -€135,000 | -3.5% |
| Current assets | 29/58 | €1,246,234 | €2,236,125 | +€989,891 | +79.4% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,181,616 | €2,159,695 | +€978,079 | +82.8% |
| Trade receivables | 40 | €73,825 | €109,175 | +€35,351 | +47.9% |
| Other amounts receivable | 41 | €1,107,792 | €2,050,520 | +€942,728 | +85.1% |
| Cash at bank and in hand | 54/58 | €56,294 | €44,748 | -€11,546 | -20.5% |
| Deferred charges and accrued income | 490/1 | €8,323 | €31,681 | +€23,358 | +280.6% |
| Total equity and liabilities | 10/49 | €5,081,234 | €5,936,125 | +€854,891 | +16.8% |
| Equity | 10/15 | €2,700,438 | €3,639,934 | +€939,497 | +34.8% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €1,200,438 | €2,139,934 | +€939,497 | +78.3% |
| Non-distributable reserves | 130/1 | €150,000 | €150,000 | = | 0.0% |
| Legal reserve | 130 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €1,050,438 | €1,989,934 | +€939,497 | +89.4% |
| Amounts payable | 17/49 | €2,380,796 | €2,296,190 | -€84,606 | -3.6% |
| Amounts payable after more than one year | 17 | €2,247,639 | €2,147,382 | -€100,257 | -4.5% |
| Financial debts | 170/4 | €2,247,639 | €2,147,382 | -€100,257 | -4.5% |
| Credit institutions | 173 | €0 | - | = | |
| Other loans | 174 | €2,247,639 | €2,147,382 | -€100,257 | -4.5% |
| Amounts payable within one year | 42/48 | €132,895 | €148,321 | +€15,426 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €85,714 | €0 | -€85,714 | -100.0% |
| Trade debts | 44 | €24,521 | €63,498 | +€38,977 | +159.0% |
| Suppliers | 440/4 | €24,521 | €63,498 | +€38,977 | +159.0% |
| Taxes, remuneration and social security | 45 | €22,659 | €45,565 | +€22,906 | +101.1% |
| Taxes | 450/3 | €6,497 | €29,066 | +€22,569 | +347.4% |
| Remuneration and social security | 454/9 | €16,162 | €16,499 | +€336 | +2.1% |
| Other amounts payable | 47/48 | €0 | €39,257 | +€39,257 | |
| Accrued charges and deferred income | 492/3 | €262 | €488 | +€226 | +85.9% |
| Operating income | 70/76A | €216,713 | €415,985 | +€199,273 | +92.0% |
| Turnover | 70 | €216,400 | €409,194 | +€192,794 | +89.1% |
| Other operating income | 74 | €313 | €6,791 | +€6,479 | +2072.0% |
| Operating charges | 60/66A | €261,075 | €323,917 | +€62,842 | +24.1% |
| Services and other goods | 61 | €36,913 | €54,259 | +€17,346 | +47.0% |
| Remuneration, social security and pensions | 62 | €137,587 | €268,358 | +€130,772 | +95.0% |
| Other operating charges | 640/8 | €1,193 | €1,299 | +€107 | +9.0% |
| Non-recurring operating charges | 66A | €85,383 | €0 | -€85,383 | -100.0% |
| Operating profit (loss) | 9901 | -€44,362 | €92,068 | +€136,431 | |
| Financial income | 75/76B | €1,140,910 | €983,503 | -€157,407 | -13.8% |
| Recurring financial income | 75 | €1,140,910 | €943,368 | -€197,541 | -17.3% |
| Income from financial fixed assets | 750 | €1,124,000 | €914,000 | -€210,000 | -18.7% |
| Income from current assets | 751 | €16,794 | €29,368 | +€12,575 | +74.9% |
| Other financial income | 752/9 | €116 | €0 | -€116 | -100.0% |
| Non-recurring financial income | 76B | - | €40,135 | +€40,135 | |
| Financial charges | 65/66B | €38,103 | €118,509 | +€80,407 | +211.0% |
| Recurring financial charges | 65 | €38,103 | €3,509 | -€34,593 | -90.8% |
| Debt charges | 650 | €37,991 | €2,918 | -€35,074 | -92.3% |
| Other financial charges | 652/9 | €111 | €592 | +€480 | +431.3% |
| Non-recurring financial charges | 66B | - | €115,000 | +€115,000 | |
| Profit (loss) for the period before taxes | 9903 | €1,058,445 | €957,062 | -€101,383 | -9.6% |
| Income taxes | 67/77 | €19 | €17,565 | +€17,545 | +91050.6% |
| Taxes | 670/3 | €19 | €17,565 | +€17,545 | +91050.6% |
| Profit (loss) for the period | 9904 | €1,058,425 | €939,497 | -€118,928 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,058,425 | €939,497 | -€118,928 | -11.2% |
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 10 October 2026 via checked.be.