RG FOOD: 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 FOOD
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+83.2%), from €1.3m to €2.4m
- Cash +€742,708
up €742,708 (+873%), from €85,038 to €827,746
- Stocks and contracts -€194,391
down €194,391 (-28.6%), from €678,707 to €484,316
- Deferred charges and accrued income +€56,274
up €56,274 (+484%), from €11,637 to €67,911
- Contributions +€950,000
up €950,000 (+633%), from €150,000 to €1.1m
- Trade debts +€919,904
up €919,904 (+84.1%), from €1.1m to €2.0m
- Debts after one year +€764,085
up €764,085 (+103%), from €739,978 to €1.5m
of which Financial debts: +€462,309
- Other debts -€706,082
down €706,082 (-79.3%), from €890,702 to €184,620
- Profit (loss) carried forward -€193,790
down €193,790 (-20.9%), from -€929,242 to -€1.1m
- Gross operating margin -€763,196
down €763,196 (-78.1%), from €976,915 to €213,719
- Staff costs -€593,322
down €593,322 (-77.0%), from €770,775 to €177,454
- Depreciation -€198,228
down €198,228 (-60.2%), from €329,235 to €131,007
- Financial charges -€25,673
down €25,673 (-24.0%), from €106,753 to €81,080
of which Financial charges: -€48,168
- Financial income -€17,923
down €17,923 (-99.9%), from €17,932 to €9
From the 30-09-2025 result to the 31-12-2025 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 30-09-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,424,805 | €4,132,240 | +€1.7m | +70.4% |
| Formation expenses | 20 | €1,448 | €7,777 | +€6,329 | +437% |
| Fixed assets | 21/28 | €1,322,407 | €2,412,002 | +€1.1m | +82.4% |
| Tangible fixed assets | 22/27 | €1,315,490 | €2,409,395 | +€1.1m | +83.2% |
| Land and buildings | 22 | €195,113 | €397,462 | +€202,349 | +104% |
| Plant, machinery and equipment | 23 | €280,246 | €707,396 | +€427,150 | +152% |
| Furniture and vehicles | 24 | €104,131 | €608,692 | +€504,561 | +485% |
| Leasing and similar rights | 25 | €711,224 | €672,454 | -€38,769 | -5.5% |
| Other tangible fixed assets | 26 | €24,776 | €23,390 | -€1,386 | -5.6% |
| Financial fixed assets | 28 | €6,917 | €2,607 | -€4,309 | -62.3% |
| Current assets | 29/58 | €1,100,951 | €1,712,461 | +€611,510 | +55.5% |
| Stocks and contracts in progress | 3 | €678,707 | €484,316 | -€194,391 | -28.6% |
| Stocks | 30/36 | €678,707 | €484,316 | -€194,391 | -28.6% |
| Amounts receivable within one year | 40/41 | €325,568 | €332,487 | +€6,919 | +2.1% |
| Trade receivables | 40 | €30,143 | €7,609 | -€22,534 | -74.8% |
| Other amounts receivable | 41 | €295,426 | €324,878 | +€29,453 | +10.0% |
| Cash at bank and in hand | 54/58 | €85,038 | €827,746 | +€742,708 | +873% |
| Deferred charges and accrued income | 490/1 | €11,637 | €67,911 | +€56,274 | +484% |
| Total equity and liabilities | 10/49 | €2,424,805 | €4,132,240 | +€1.7m | +70.4% |
| Equity | 10/15 | -€779,242 | -€23,032 | +€756,210 | +97.0% |
| Contributions | 10/11 | €150,000 | €1,100,000 | +€950,000 | +633% |
| Capital | 10 | €150,000 | €1,100,000 | +€950,000 | +633% |
| Issued capital | 100 | €150,000 | €1,100,000 | +€950,000 | +633% |
| Profit (loss) carried forward | 14 | -€929,242 | -€1,123,032 | -€193,790 | -20.9% |
| Amounts payable | 17/49 | €3,204,047 | €4,155,273 | +€951,226 | +29.7% |
| Amounts payable after more than one year | 17 | €739,978 | €1,504,064 | +€764,085 | +103% |
| Financial debts | 170/4 | €739,978 | €1,202,287 | +€462,309 | +62.5% |
| Other amounts payable | 178/9 | - | €301,776 | +€301,776 | |
| Amounts payable within one year | 42/48 | €2,464,069 | €2,640,469 | +€176,400 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €225,436 | €298,970 | +€73,534 | +32.6% |
| Financial debts | 43 | €134,824 | €52,429 | -€82,395 | -61.1% |
| Credit institutions | 430/8 | €134,824 | €52,429 | -€82,395 | -61.1% |
| Trade debts | 44 | €1,093,929 | €2,013,834 | +€919,904 | +84.1% |
| Suppliers | 440/4 | €1,093,929 | €2,013,834 | +€919,904 | +84.1% |
| Taxes, remuneration and social security | 45 | €119,177 | €90,617 | -€28,560 | -24.0% |
| Taxes | 450/3 | €218 | €14,502 | +€14,285 | +6,567% |
| Remuneration and social security | 454/9 | €118,960 | €76,115 | -€42,845 | -36.0% |
| Other amounts payable | 47/48 | €890,702 | €184,620 | -€706,082 | -79.3% |
| Accrued charges and deferred income | 492/3 | - | €10,740 | +€10,740 | |
| Non-recurring operating income | 76A | - | €33,601 | +€33,601 | |
| Remuneration, social security and pensions | 62 | €770,775 | €177,454 | -€593,322 | -77.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €329,235 | €131,007 | -€198,228 | -60.2% |
| Other operating charges | 640/8 | €2,865 | €17,979 | +€15,113 | +527% |
| Gross operating margin | 9900 | €976,915 | €213,719 | -€763,196 | -78.1% |
| Operating profit (loss) | 9901 | -€125,960 | -€112,720 | +€13,240 | +10.5% |
| Financial income | 75/76B | €17,932 | €9 | -€17,923 | -99.9% |
| Recurring financial income | 75 | €17,932 | €9 | -€17,923 | -99.9% |
| Financial charges | 65/66B | €106,753 | €81,080 | -€25,673 | -24.0% |
| Recurring financial charges | 65 | €83,776 | €35,608 | -€48,168 | -57.5% |
| Non-recurring financial charges | 66B | €22,977 | €45,471 | +€22,495 | +97.9% |
| Profit (loss) for the period before taxes | 9903 | -€214,781 | -€193,790 | +€20,991 | +9.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€214,781 | -€193,790 | +€20,991 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€214,781 | -€193,790 | +€20,991 | +9.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.