RG Concept: 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 Concept
Largest movements
- Cash +€12,774
up €12,774 (+139%), from €9,193 to €21,966
mainly Depreciation (+€11,357) and Net result for the year (+€8,529)
- Tangible fixed assets -€10,388
down €10,388 (-24.3%), from €42,828 to €32,440
of which Furniture and vehicles: -€6,900
- Deferred charges and accrued income -€1,726
down €1,726 (-18.4%), from €9,384 to €7,658
- Trade debts -€9,635
down €9,635 (-28.3%), from €34,018 to €24,384
- Profit (loss) carried forward +€8,529
up €8,529 (+27.0%), from €31,639 to €40,168
- Tax, wage and social debts +€7,097
up €7,097 (+91.7%), from €7,742 to €14,839
of which Taxes: +€8,705
- Accrued charges and deferred income -€5,075
no longer reported in 2025 (was €5,075)
- Staff costs +€45,890
up €45,890 (+3,393%), from €1,353 to €47,243
- Gross operating margin +€40,077
up €40,077 (+105%), from €38,104 to €78,180
- Depreciation -€4,792
down €4,792 (-29.7%), from €16,149 to €11,357
- Taxes +€2,786
up €2,786 (+47.1%), from €5,919 to €8,705
- Other operating charges -€1,236
down €1,236 (-37.8%), from €3,270 to €2,034
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 | €117,772 | €118,729 | +€957 | +0.8% |
| Fixed assets | 21/28 | €43,633 | €33,245 | -€10,388 | -23.8% |
| Tangible fixed assets | 22/27 | €42,828 | €32,440 | -€10,388 | -24.3% |
| Furniture and vehicles | 24 | €20,184 | €13,284 | -€6,900 | -34.2% |
| Other tangible fixed assets | 26 | €22,644 | €19,156 | -€3,488 | -15.4% |
| Financial fixed assets | 28 | €805 | €805 | = | 0.0% |
| Current assets | 29/58 | €74,139 | €85,483 | +€11,345 | +15.3% |
| Amounts receivable within one year | 40/41 | €55,562 | €55,860 | +€297 | +0.5% |
| Trade receivables | 40 | €50,560 | €46,149 | -€4,411 | -8.7% |
| Other amounts receivable | 41 | €5,002 | €9,711 | +€4,709 | +94.1% |
| Cash at bank and in hand | 54/58 | €9,193 | €21,966 | +€12,774 | +139% |
| Deferred charges and accrued income | 490/1 | €9,384 | €7,658 | -€1,726 | -18.4% |
| Total equity and liabilities | 10/49 | €117,772 | €118,729 | +€957 | +0.8% |
| Equity | 10/15 | €49,385 | €57,914 | +€8,529 | +17.3% |
| Contributions | 10/11 | €17,746 | €17,746 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,639 | €40,168 | +€8,529 | +27.0% |
| Amounts payable | 17/49 | €68,387 | €60,814 | -€7,572 | -11.1% |
| Amounts payable within one year | 42/48 | €63,312 | €60,814 | -€2,497 | -3.9% |
| Trade debts | 44 | €34,018 | €24,384 | -€9,635 | -28.3% |
| Suppliers | 440/4 | €34,018 | €24,384 | -€9,635 | -28.3% |
| Taxes, remuneration and social security | 45 | €7,742 | €14,839 | +€7,097 | +91.7% |
| Taxes | 450/3 | €5,791 | €14,496 | +€8,705 | +150% |
| Remuneration and social security | 454/9 | €1,951 | €343 | -€1,608 | -82.4% |
| Other amounts payable | 47/48 | €21,551 | €21,592 | +€40 | +0.2% |
| Accrued charges and deferred income | 492/3 | €5,075 | - | -€5,075 | |
| Non-recurring operating income | 76A | €921 | - | -€921 | |
| Remuneration, social security and pensions | 62 | €1,353 | €47,243 | +€45,890 | +3,393% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,149 | €11,357 | -€4,792 | -29.7% |
| Other operating charges | 640/8 | €3,270 | €2,034 | -€1,236 | -37.8% |
| Non-recurring operating charges | 66A | - | -€164 | -€164 | |
| Gross operating margin | 9900 | €38,104 | €78,180 | +€40,077 | +105% |
| Operating profit (loss) | 9901 | €17,331 | €17,710 | +€379 | +2.2% |
| Financial income | 75/76B | €68 | €142 | +€74 | +109% |
| Recurring financial income | 75 | €68 | €142 | +€74 | +109% |
| Financial charges | 65/66B | €1,169 | €617 | -€551 | -47.2% |
| Recurring financial charges | 65 | €1,169 | €617 | -€551 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €16,230 | €17,235 | +€1,004 | +6.2% |
| Income taxes | 67/77 | €5,919 | €8,705 | +€2,786 | +47.1% |
| Profit (loss) for the period | 9904 | €10,311 | €8,529 | -€1,782 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,311 | €8,529 | -€1,782 | -17.3% |
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 17 October 2026 via checked.be.