RG Finance: 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 Finance
Largest movements
- Cash +€104,477
up €104,477 (+53.2%), from €196,400 to €300,878
mainly Net result for the year (+€51,480) and Other debts (+€43,081)
- Reserves +€51,480
up €51,480 (+25.4%), from €203,052 to €254,532
- Other debts +€43,081
up €43,081 (+216%), from €19,983 to €63,064
- Gross operating margin -€13,726
down €13,726 (-13.5%), from €101,395 to €87,669
- Financial charges +€2,984
up €2,984 (+2,126%), from €140 to €3,124
- Other operating charges +€2,507
up €2,507 (+488%), from €513 to €3,020
- Taxes -€1,940
down €1,940 (-6.8%), from €28,672 to €26,732
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 | €257,601 | €358,765 | +€101,165 | +39.3% |
| Fixed assets | 21/28 | €11,201 | €7,888 | -€3,313 | -29.6% |
| Tangible fixed assets | 22/27 | €11,201 | €7,888 | -€3,313 | -29.6% |
| Furniture and vehicles | 24 | €11,201 | €7,888 | -€3,313 | -29.6% |
| Current assets | 29/58 | €246,400 | €350,878 | +€104,477 | +42.4% |
| Amounts receivable within one year | 40/41 | €50,000 | €50,000 | = | 0.0% |
| Trade receivables | 40 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €196,400 | €300,878 | +€104,477 | +53.2% |
| Total equity and liabilities | 10/49 | €257,601 | €358,765 | +€101,165 | +39.3% |
| Equity | 10/15 | €228,052 | €279,532 | +€51,480 | +22.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €203,052 | €254,532 | +€51,480 | +25.4% |
| Distributable reserves | 133 | €203,052 | €254,532 | +€51,480 | +25.4% |
| Amounts payable | 17/49 | €29,548 | €79,233 | +€49,685 | +168% |
| Amounts payable within one year | 42/48 | €29,548 | €76,293 | +€46,745 | +158% |
| Trade debts | 44 | €855 | €2,786 | +€1,931 | +226% |
| Suppliers | 440/4 | €855 | €2,786 | +€1,931 | +226% |
| Taxes, remuneration and social security | 45 | €8,711 | €10,443 | +€1,732 | +19.9% |
| Taxes | 450/3 | €8,711 | €10,443 | +€1,732 | +19.9% |
| Other amounts payable | 47/48 | €19,983 | €63,064 | +€43,081 | +216% |
| Accrued charges and deferred income | 492/3 | €0 | €2,940 | +€2,940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,959 | €3,313 | +€354 | +12.0% |
| Other operating charges | 640/8 | €513 | €3,020 | +€2,507 | +488% |
| Gross operating margin | 9900 | €101,395 | €87,669 | -€13,726 | -13.5% |
| Operating profit (loss) | 9901 | €97,922 | €81,336 | -€16,586 | -16.9% |
| Financial charges | 65/66B | €140 | €3,124 | +€2,984 | +2,126% |
| Recurring financial charges | 65 | €140 | €3,124 | +€2,984 | +2,126% |
| Profit (loss) for the period before taxes | 9903 | €97,782 | €78,212 | -€19,570 | -20.0% |
| Income taxes | 67/77 | €28,672 | €26,732 | -€1,940 | -6.8% |
| Profit (loss) for the period | 9904 | €69,110 | €51,480 | -€17,630 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,110 | €51,480 | -€17,630 | -25.5% |
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 31 October 2026 via checked.be.