RG ELEC: 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 ELEC
Largest movements
- Cash +€15,103
up €15,103 (+1573.2%), from €960 to €16,063
mainly Net result for the year (+€13,548) and Depreciation (+€5,541)
- Tangible fixed assets -€5,541
no longer reported in 2022 (was €5,541)
of which Furniture and vehicles: -€5,352
- Receivables within one year +€4,773
up €4,773 (+28.0%), from €17,042 to €21,815
of which Other amounts receivable: +€3,556
- Profit (loss) carried forward +€13,548
up €13,548, from -€458 to €13,091
- Tax, wage and social debts +€4,902
up €4,902 (+64.6%), from €7,586 to €12,488
of which Taxes: +€4,971
- Current portion of long-term debt -€2,101
no longer reported in 2022 (was €2,101)
- Short-term financial debts -€1,917
no longer reported in 2022 (was €1,917)
- Other debts -€689
down €689 (-55.5%), from €1,242 to €552
- Gross operating margin +€11,631
up €11,631 (+48.0%), from €24,227 to €35,858
- Taxes +€3,223
up €3,223 (+780.6%), from €413 to €3,636
- Depreciation -€1,892
down €1,892 (-25.4%), from €7,432 to €5,541
- Staff costs +€1,013
up €1,013 (+10.1%), from €10,038 to €11,050
- Other operating charges +€752
up €752 (+57.1%), from €1,318 to €2,071
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,543 | €37,878 | +€14,335 | +60.9% |
| Fixed assets | 21/28 | €5,541 | - | -€5,541 | |
| Tangible fixed assets | 22/27 | €5,541 | - | -€5,541 | |
| Plant, machinery and equipment | 23 | €189 | - | -€189 | |
| Furniture and vehicles | 24 | €5,352 | - | -€5,352 | |
| Current assets | 29/58 | €18,002 | €37,878 | +€19,876 | +110.4% |
| Amounts receivable within one year | 40/41 | €17,042 | €21,815 | +€4,773 | +28.0% |
| Trade receivables | 40 | €13,612 | €14,828 | +€1,216 | +8.9% |
| Other amounts receivable | 41 | €3,430 | €6,987 | +€3,556 | +103.7% |
| Cash at bank and in hand | 54/58 | €960 | €16,063 | +€15,103 | +1573.2% |
| Total equity and liabilities | 10/49 | €23,543 | €37,878 | +€14,335 | +60.9% |
| Equity | 10/15 | €5,742 | €19,291 | +€13,548 | +235.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€458 | €13,091 | +€13,548 | |
| Amounts payable | 17/49 | €17,801 | €18,587 | +€787 | +4.4% |
| Amounts payable within one year | 42/48 | €17,801 | €18,587 | +€787 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €2,101 | - | -€2,101 | |
| Financial debts | 43 | €1,917 | - | -€1,917 | |
| Credit institutions | 430/8 | €1,917 | - | -€1,917 | |
| Trade debts | 44 | €4,955 | €5,547 | +€592 | +12.0% |
| Suppliers | 440/4 | €4,955 | €5,547 | +€592 | +12.0% |
| Taxes, remuneration and social security | 45 | €7,586 | €12,488 | +€4,902 | +64.6% |
| Taxes | 450/3 | €5,584 | €10,555 | +€4,971 | +89.0% |
| Remuneration and social security | 454/9 | €2,002 | €1,933 | -€69 | -3.4% |
| Other amounts payable | 47/48 | €1,242 | €552 | -€689 | -55.5% |
| Remuneration, social security and pensions | 62 | €10,038 | €11,050 | +€1,013 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,432 | €5,541 | -€1,892 | -25.4% |
| Other operating charges | 640/8 | €1,318 | €2,071 | +€752 | +57.1% |
| Gross operating margin | 9900 | €24,227 | €35,858 | +€11,631 | +48.0% |
| Operating profit (loss) | 9901 | €5,439 | €17,196 | +€11,758 | +216.2% |
| Financial income | 75/76B | €24 | €122 | +€99 | +415.6% |
| Recurring financial income | 75 | €24 | €122 | +€99 | +415.6% |
| Financial charges | 65/66B | €658 | €135 | -€523 | -79.5% |
| Recurring financial charges | 65 | €658 | €135 | -€523 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €4,805 | €17,184 | +€12,379 | +257.7% |
| Income taxes | 67/77 | €413 | €3,636 | +€3,223 | +780.6% |
| Profit (loss) for the period | 9904 | €4,392 | €13,548 | +€9,156 | +208.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,392 | €13,548 | +€9,156 | +208.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.