RG: 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.
RG
Largest movements
- Cash -€2,340
down €2,340 (-38.2%), from €6,130 to €3,790
mainly Other debts (-€5,832) and Stocks and contracts (-€1,968)
- Stocks and contracts +€1,968
up €1,968 (+264.5%), from €744 to €2,712
- Receivables within one year +€1,930
up €1,930 (+1209.4%), from €160 to €2,089
- Tangible fixed assets -€1,712
down €1,712 (-18.7%), from €9,134 to €7,421
of which Plant, machinery and equipment: -€1,528
- Deferred charges and accrued income +€1,317
up €1,317 (+92.9%), from €1,418 to €2,734
- Other debts -€5,832
no longer reported in 2025 (was €5,832)
- Debts after one year +€3,878
new in 2025: €3,878
- Current portion of long-term debt +€3,306
new in 2025: €3,306
- Profit (loss) carried forward -€1,004
down €1,004 (-12.0%), from -€8,392 to -€9,396
- Trade debts +€820
up €820 (+29.5%), from €2,781 to €3,601
- Gross operating margin -€5,169
down €5,169 (-50.8%), from €10,172 to €5,004
- Taxes -€149
no longer reported in 2025 (was €149)
- Financial charges +€147
up €147 (+8.3%), from €1,780 to €1,928
- Financial income -€109
no longer reported in 2025 (was €109)
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 | €19,185 | €20,347 | +€1,162 | +6.1% |
| Fixed assets | 21/28 | €10,734 | €9,021 | -€1,712 | -16.0% |
| Tangible fixed assets | 22/27 | €9,134 | €7,421 | -€1,712 | -18.7% |
| Plant, machinery and equipment | 23 | €6,091 | €4,563 | -€1,528 | -25.1% |
| Furniture and vehicles | 24 | €1,827 | €1,811 | -€16 | -0.9% |
| Other tangible fixed assets | 26 | €1,215 | €1,048 | -€168 | -13.8% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €8,451 | €11,325 | +€2,874 | +34.0% |
| Stocks and contracts in progress | 3 | €744 | €2,712 | +€1,968 | +264.5% |
| Stocks | 30/36 | €744 | €2,712 | +€1,968 | +264.5% |
| Amounts receivable within one year | 40/41 | €160 | €2,089 | +€1,930 | +1209.4% |
| Other amounts receivable | 41 | €160 | €2,089 | +€1,930 | +1209.4% |
| Cash at bank and in hand | 54/58 | €6,130 | €3,790 | -€2,340 | -38.2% |
| Deferred charges and accrued income | 490/1 | €1,418 | €2,734 | +€1,317 | +92.9% |
| Total equity and liabilities | 10/49 | €19,185 | €20,347 | +€1,162 | +6.1% |
| Equity | 10/15 | €10,208 | €9,204 | -€1,004 | -9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,392 | -€9,396 | -€1,004 | -12.0% |
| Amounts payable | 17/49 | €8,977 | €11,143 | +€2,166 | +24.1% |
| Amounts payable after more than one year | 17 | - | €3,878 | +€3,878 | |
| Financial debts | 170/4 | - | €3,878 | +€3,878 | |
| Amounts payable within one year | 42/48 | €8,953 | €7,128 | -€1,826 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | - | €3,306 | +€3,306 | |
| Trade debts | 44 | €2,781 | €3,601 | +€820 | +29.5% |
| Suppliers | 440/4 | €2,781 | €3,601 | +€820 | +29.5% |
| Taxes, remuneration and social security | 45 | €341 | €221 | -€120 | -35.2% |
| Taxes | 450/3 | €341 | €221 | -€120 | -35.2% |
| Other amounts payable | 47/48 | €5,832 | - | -€5,832 | |
| Accrued charges and deferred income | 492/3 | €23 | €137 | +€113 | +482.4% |
| Non-recurring operating income | 76A | €4,208 | - | -€4,208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,978 | €3,075 | +€97 | +3.3% |
| Other operating charges | 640/8 | €946 | €1,005 | +€59 | +6.2% |
| Gross operating margin | 9900 | €10,172 | €5,004 | -€5,169 | -50.8% |
| Operating profit (loss) | 9901 | €6,249 | €924 | -€5,325 | -85.2% |
| Financial income | 75/76B | €109 | - | -€109 | |
| Recurring financial income | 75 | €109 | - | -€109 | |
| Financial charges | 65/66B | €1,780 | €1,928 | +€147 | +8.3% |
| Recurring financial charges | 65 | €1,780 | €1,928 | +€147 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €4,578 | -€1,004 | -€5,581 | |
| Income taxes | 67/77 | €149 | - | -€149 | |
| Profit (loss) for the period | 9904 | €4,428 | -€1,004 | -€5,432 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,428 | -€1,004 | -€5,432 |
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.