RG CREATIONS: 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
RG CREATIONS
NACE 10.712, Artisanal bread and fresh pastry making
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€50,321
2024 · €44,755+€5,566
Equity
€399,685
2024 · €351,864+€47,821
Cash
€74,544
2024 · €25,083+€49,461
Balance sheet total
€1.5m
2024 · €1.5m-€2,830
Largest movements
Assets
- Cash +€49,461
up €49,461 (+197%), from €25,083 to €74,544
mainly Depreciation (+€67,134) and Net result for the year (+€50,321)
- Tangible fixed assets -€45,199
down €45,199 (-3.2%), from €1.4m to €1.4m
of which Land and buildings: -€27,272
Equity and liabilities
- Debts after one year -€85,492
down €85,492 (-10.0%), from €855,038 to €769,546
- Profit (loss) carried forward +€50,321
up €50,321 (+22.2%), from €226,931 to €277,252
- Other debts +€39,514
new in 2025: €39,514
- Current portion of long-term debt -€18,816
down €18,816 (-13.2%), from €142,921 to €124,105
Income statement
- Gross operating margin +€11,640
up €11,640 (+2.1%), from €556,690 to €568,330
- Other operating charges +€9,912
up €9,912 (+425%), from €2,332 to €12,244
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
€44,755
Gross operating margin
+€11,640
Staff costs
+€1,257
Depreciation
-€3,937
Other operating charges
-€9,912
Financial income
-€136
Financial charges
+€5,162
Taxes
+€1,492
Result 2025
€50,321
raises the resultlowers the result
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.
From operations
+€178,204
Investment
-€21,935
Financing
-€106,808
Cash 2024
€25,083
From operations (derived)
+€178,204
Net result for the year
+€50,321
Depreciation
+€67,134
Receivables within one year
+€7,562
Deferred charges and accrued income
-€470
Trade debts
-€442
Tax, wage and social debts
+€14,863
Other debts
+€39,514
Accrued charges and deferred income
-€278
Investment (derived)
-€21,935
Investment in fixed assets (net)
-€21,935
Financing
-€106,808
Debts after one year
-€85,492
Current portion of long-term debt
-€18,816
Contributions, distributions and other
-€2,500
Cash 2025
€74,544
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,515,205 | €1,512,375 | -€2,830 | -0.2% |
| Fixed assets | 21/28 | €1,409,639 | €1,364,440 | -€45,199 | -3.2% |
| Tangible fixed assets | 22/27 | €1,409,047 | €1,363,848 | -€45,199 | -3.2% |
| Land and buildings | 22 | €1,275,325 | €1,248,053 | -€27,272 | -2.1% |
| Plant, machinery and equipment | 23 | €65,478 | €53,358 | -€12,120 | -18.5% |
| Furniture and vehicles | 24 | €757 | €3,449 | +€2,692 | +356% |
| Leasing and similar rights | 25 | €67,487 | €58,988 | -€8,499 | -12.6% |
| Financial fixed assets | 28 | €592 | €592 | = | 0.0% |
| Current assets | 29/58 | €105,566 | €147,935 | +€42,369 | +40.1% |
| Stocks and contracts in progress | 3 | €33,118 | €33,118 | = | 0.0% |
| Stocks | 30/36 | €33,118 | €33,118 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,808 | €36,246 | -€7,562 | -17.3% |
| Trade receivables | 40 | €23,171 | €26,060 | +€2,889 | +12.5% |
| Other amounts receivable | 41 | €20,637 | €10,186 | -€10,451 | -50.6% |
| Cash at bank and in hand | 54/58 | €25,083 | €74,544 | +€49,461 | +197% |
| Deferred charges and accrued income | 490/1 | €3,557 | €4,027 | +€470 | +13.2% |
| Total equity and liabilities | 10/49 | €1,515,205 | €1,512,375 | -€2,830 | -0.2% |
| Equity | 10/15 | €351,864 | €399,685 | +€47,821 | +13.6% |
| Contributions | 10/11 | €43,400 | €43,400 | = | 0.0% |
| Reserves | 13 | €14,022 | €14,022 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,682 | €9,682 | = | 0.0% |
| Distributable reserves | 133 | €4,340 | €4,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,931 | €277,252 | +€50,321 | +22.2% |
| Investment grants | 15 | €67,511 | €65,011 | -€2,500 | -3.7% |
| Amounts payable | 17/49 | €1,163,341 | €1,112,690 | -€50,651 | -4.4% |
| Amounts payable after more than one year | 17 | €855,038 | €769,546 | -€85,492 | -10.0% |
| Financial debts | 170/4 | €855,038 | €769,546 | -€85,492 | -10.0% |
| Amounts payable within one year | 42/48 | €304,577 | €339,696 | +€35,119 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €142,921 | €124,105 | -€18,816 | -13.2% |
| Trade debts | 44 | €98,537 | €98,095 | -€442 | -0.4% |
| Suppliers | 440/4 | €98,537 | €98,095 | -€442 | -0.4% |
| Taxes, remuneration and social security | 45 | €63,119 | €77,982 | +€14,863 | +23.5% |
| Taxes | 450/3 | €6,201 | €16,933 | +€10,732 | +173% |
| Remuneration and social security | 454/9 | €56,918 | €61,049 | +€4,131 | +7.3% |
| Other amounts payable | 47/48 | - | €39,514 | +€39,514 | |
| Accrued charges and deferred income | 492/3 | €3,726 | €3,448 | -€278 | -7.5% |
| Remuneration, social security and pensions | 62 | €391,607 | €390,350 | -€1,257 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,197 | €67,134 | +€3,937 | +6.2% |
| Other operating charges | 640/8 | €2,332 | €12,244 | +€9,912 | +425% |
| Gross operating margin | 9900 | €556,690 | €568,330 | +€11,640 | +2.1% |
| Operating profit (loss) | 9901 | €99,554 | €98,602 | -€952 | -1.0% |
| Financial income | 75/76B | €2,849 | €2,713 | -€136 | -4.8% |
| Recurring financial income | 75 | €2,849 | €2,713 | -€136 | -4.8% |
| Financial charges | 65/66B | €42,748 | €37,586 | -€5,162 | -12.1% |
| Recurring financial charges | 65 | €42,748 | €37,586 | -€5,162 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €59,655 | €63,729 | +€4,074 | +6.8% |
| Income taxes | 67/77 | €14,900 | €13,408 | -€1,492 | -10.0% |
| Profit (loss) for the period | 9904 | €44,755 | €50,321 | +€5,566 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,755 | €50,321 | +€5,566 | +12.4% |
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 13 October 2026 via checked.be.