RG CONCEPT: what changed
Two fiscal 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
- Receivables within one year -€35,982
down €35,982 (-83.7%), from €42,997 to €7,015
of which Trade receivables: -€41,894
- Stocks and contracts -€6,200
down €6,200 (-71.3%), from €8,700 to €2,500
- Cash +€3,884
up €3,884 (+164.4%), from €2,363 to €6,247
mainly Receivables within one year (+€35,982) and Stocks and contracts (+€6,200)
- Tangible fixed assets -€992
down €992 (-20.8%), from €4,765 to €3,773
of which Furniture and vehicles: -€2,018
- Deferred charges and accrued income +€681
up €681 (+128.0%), from €532 to €1,212
- Advances received -€26,018
down €26,018 (-86.7%), from €30,000 to €3,982
- Profit (loss) carried forward -€6,583
down €6,583 (-61.6%), from €10,682 to €4,099
- Tax, wage and social debts -€3,551
down €3,551 (-83.4%), from €4,259 to €708
of which Remuneration and social security: -€2,000
- Other debts -€1,816
down €1,816 (-42.4%), from €4,288 to €2,471
- Trade debts -€878
down €878 (-77.4%), from €1,135 to €257
- Gross operating margin -€9,241
down €9,241, from €6,564 to -€2,676
- Depreciation -€2,517
down €2,517 (-66.0%), from €3,812 to €1,295
- Financial charges -€1,850
down €1,850 (-81.9%), from €2,259 to €410
- Other operating charges -€795
down €795 (-44.7%), from €1,780 to €985
- Taxes +€201
up €201 (+144.3%), from €140 to €341
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 | €59,593 | €20,747 | -€38,847 | -65.2% |
| Fixed assets | 21/28 | €5,003 | €3,773 | -€1,230 | -24.6% |
| Intangible fixed assets | 21 | €238 | - | -€238 | |
| Tangible fixed assets | 22/27 | €4,765 | €3,773 | -€992 | -20.8% |
| Plant, machinery and equipment | 23 | €319 | €1,345 | +€1,026 | +321.7% |
| Furniture and vehicles | 24 | €4,446 | €2,428 | -€2,018 | -45.4% |
| Current assets | 29/58 | €54,591 | €16,974 | -€37,617 | -68.9% |
| Stocks and contracts in progress | 3 | €8,700 | €2,500 | -€6,200 | -71.3% |
| Stocks | 30/36 | €8,700 | €2,500 | -€6,200 | -71.3% |
| Amounts receivable within one year | 40/41 | €42,997 | €7,015 | -€35,982 | -83.7% |
| Trade receivables | 40 | €42,384 | €490 | -€41,894 | -98.8% |
| Other amounts receivable | 41 | €613 | €6,525 | +€5,912 | +964.8% |
| Cash at bank and in hand | 54/58 | €2,363 | €6,247 | +€3,884 | +164.4% |
| Deferred charges and accrued income | 490/1 | €532 | €1,212 | +€681 | +128.0% |
| Total equity and liabilities | 10/49 | €59,593 | €20,747 | -€38,847 | -65.2% |
| Equity | 10/15 | €19,912 | €13,329 | -€6,583 | -33.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €7,230 | €7,230 | = | 0.0% |
| Distributable reserves | 133 | €7,230 | €7,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,682 | €4,099 | -€6,583 | -61.6% |
| Amounts payable | 17/49 | €39,681 | €7,418 | -€32,263 | -81.3% |
| Amounts payable within one year | 42/48 | €39,681 | €7,418 | -€32,263 | -81.3% |
| Trade debts | 44 | €1,135 | €257 | -€878 | -77.4% |
| Suppliers | 440/4 | €1,135 | €257 | -€878 | -77.4% |
| Advances received on contracts in progress | 46 | €30,000 | €3,982 | -€26,018 | -86.7% |
| Taxes, remuneration and social security | 45 | €4,259 | €708 | -€3,551 | -83.4% |
| Taxes | 450/3 | €2,259 | €708 | -€1,551 | -68.7% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €4,288 | €2,471 | -€1,816 | -42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,812 | €1,295 | -€2,517 | -66.0% |
| Other operating charges | 640/8 | €1,780 | €985 | -€795 | -44.7% |
| Non-recurring operating charges | 66A | - | €876 | +€876 | |
| Gross operating margin | 9900 | €6,564 | -€2,676 | -€9,241 | |
| Operating profit (loss) | 9901 | €972 | -€5,833 | -€6,805 | |
| Financial income | 75/76B | €6 | €0 | -€6 | -98.9% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -98.9% |
| Financial charges | 65/66B | €2,259 | €410 | -€1,850 | -81.9% |
| Recurring financial charges | 65 | €2,259 | €410 | -€1,850 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,281 | -€6,242 | -€4,962 | -387.5% |
| Income taxes | 67/77 | €140 | €341 | +€201 | +144.3% |
| Profit (loss) for the period | 9904 | -€1,420 | -€6,583 | -€5,163 | -363.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,420 | -€6,583 | -€5,163 | -363.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.