RG CHAUFFAGE: 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 CHAUFFAGE
Largest movements
- Receivables within one year +€14,682
up €14,682 (+80.1%), from €18,320 to €33,002
of which Trade receivables: +€10,183
- Stocks and contracts +€8,174
up €8,174 (+74.1%), from €11,034 to €19,208
- Tangible fixed assets -€6,633
down €6,633 (-34.0%), from €19,514 to €12,880
of which Leasing and similar rights: -€5,074
- Cash -€2,951
down €2,951 (-23.5%), from €12,534 to €9,583
mainly Receivables within one year (-€14,682) and Stocks and contracts (-€8,174)
- Deferred charges and accrued income +€1,260
up €1,260 (+62.9%), from €2,004 to €3,264
- Trade debts +€13,573
up €13,573 (+196%), from €6,915 to €20,489
- Tax, wage and social debts +€3,068
up €3,068 (+138%), from €2,223 to €5,290
of which Remuneration and social security: +€3,906
- Current portion of long-term debt -€2,721
down €2,721 (-54.5%), from €4,997 to €2,276
- Debts after one year -€2,276
no longer reported in 2025 (was €2,276)
- Profit (loss) carried forward +€2,180
up €2,180 (+6.2%), from €35,002 to €37,182
- Staff costs +€38,928
up €38,928 (+331%), from €11,769 to €50,697
- Gross operating margin +€31,202
up €31,202 (+97.0%), from €32,154 to €63,356
- Taxes -€1,203
down €1,203 (-40.3%), from €2,983 to €1,780
- Depreciation -€817
down €817 (-11.0%), from €7,451 to €6,633
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.
Derived cash bridge
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 | €63,581 | €78,112 | +€14,531 | +22.9% |
| Fixed assets | 21/28 | €19,689 | €13,055 | -€6,633 | -33.7% |
| Tangible fixed assets | 22/27 | €19,514 | €12,880 | -€6,633 | -34.0% |
| Land and buildings | 22 | €9,549 | €8,977 | -€572 | -6.0% |
| Plant, machinery and equipment | 23 | €1,926 | €1,277 | -€649 | -33.7% |
| Furniture and vehicles | 24 | €1,337 | €999 | -€338 | -25.3% |
| Leasing and similar rights | 25 | €6,701 | €1,627 | -€5,074 | -75.7% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €43,892 | €65,057 | +€21,165 | +48.2% |
| Stocks and contracts in progress | 3 | €11,034 | €19,208 | +€8,174 | +74.1% |
| Stocks | 30/36 | €11,034 | €19,208 | +€8,174 | +74.1% |
| Amounts receivable within one year | 40/41 | €18,320 | €33,002 | +€14,682 | +80.1% |
| Trade receivables | 40 | €15,555 | €25,738 | +€10,183 | +65.5% |
| Other amounts receivable | 41 | €2,765 | €7,264 | +€4,499 | +163% |
| Cash at bank and in hand | 54/58 | €12,534 | €9,583 | -€2,951 | -23.5% |
| Deferred charges and accrued income | 490/1 | €2,004 | €3,264 | +€1,260 | +62.9% |
| Total equity and liabilities | 10/49 | €63,581 | €78,112 | +€14,531 | +22.9% |
| Equity | 10/15 | €45,002 | €47,182 | +€2,180 | +4.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,002 | €37,182 | +€2,180 | +6.2% |
| Amounts payable | 17/49 | €18,579 | €30,930 | +€12,352 | +66.5% |
| Amounts payable after more than one year | 17 | €2,276 | - | -€2,276 | |
| Financial debts | 170/4 | €2,276 | - | -€2,276 | |
| Amounts payable within one year | 42/48 | €16,287 | €30,930 | +€14,644 | +89.9% |
| Current portion of amounts payable after more than one year | 42 | €4,997 | €2,276 | -€2,721 | -54.5% |
| Financial debts | 43 | - | €191 | +€191 | |
| Credit institutions | 430/8 | - | €191 | +€191 | |
| Trade debts | 44 | €6,915 | €20,489 | +€13,573 | +196% |
| Suppliers | 440/4 | €6,915 | €20,489 | +€13,573 | +196% |
| Taxes, remuneration and social security | 45 | €2,223 | €5,290 | +€3,068 | +138% |
| Taxes | 450/3 | €1,094 | €255 | -€839 | -76.7% |
| Remuneration and social security | 454/9 | €1,129 | €5,035 | +€3,906 | +346% |
| Other amounts payable | 47/48 | €2,152 | €2,684 | +€533 | +24.8% |
| Accrued charges and deferred income | 492/3 | €16 | - | -€16 | |
| Remuneration, social security and pensions | 62 | €11,769 | €50,697 | +€38,928 | +331% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,451 | €6,633 | -€817 | -11.0% |
| Other operating charges | 640/8 | €830 | €966 | +€137 | +16.5% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €32,154 | €63,356 | +€31,202 | +97.0% |
| Operating profit (loss) | 9901 | €12,105 | €4,996 | -€7,109 | -58.7% |
| Financial income | 75/76B | €25 | €51 | +€26 | +106% |
| Recurring financial income | 75 | €25 | €51 | +€26 | +106% |
| Financial charges | 65/66B | €560 | €236 | -€324 | -57.9% |
| Recurring financial charges | 65 | €560 | €236 | -€324 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €11,569 | €4,810 | -€6,759 | -58.4% |
| Income taxes | 67/77 | €2,983 | €1,780 | -€1,203 | -40.3% |
| Profit (loss) for the period | 9904 | €8,586 | €3,030 | -€5,556 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,586 | €3,030 | -€5,556 | -64.7% |
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 20 October 2026 via checked.be.