RG-MGMT: what changed
RG-MGMT
Largest movements
- Cash -€43,016
down €43,016 (-47.0%), from €91,603 to €48,587
mainly Contributions, distributions and other (-€116,986) and Trade debts (-€359)
- Deferred charges and accrued income -€4,598
down €4,598 (-31.2%), from €14,724 to €10,126
- Tangible fixed assets -€2,579
down €2,579 (-50.7%), from €5,091 to €2,512
of which Furniture and vehicles: -€2,472
- Receivables within one year -€2,182
down €2,182 (-13.9%), from €15,730 to €13,548
of which Trade receivables: -€2,360
- Reserves -€57,352
down €57,352 (-100%), from €57,352 to €0
- Other debts +€5,507
up €5,507 (+12.2%), from €45,325 to €50,832
- Gross operating margin +€6,746
up €6,746 (+9.1%), from €74,189 to €80,935
- Taxes +€1,241
up €1,241 (+8.5%), from €14,582 to €15,823
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,148 | €74,774 | -€52,374 | -41.2% |
| Fixed assets | 21/28 | €5,091 | €2,512 | -€2,579 | -50.7% |
| Tangible fixed assets | 22/27 | €5,091 | €2,512 | -€2,579 | -50.7% |
| Furniture and vehicles | 24 | €4,984 | €2,512 | -€2,472 | -49.6% |
| Other tangible fixed assets | 26 | €107 | €0 | -€107 | -100% |
| Current assets | 29/58 | €122,057 | €72,261 | -€49,796 | -40.8% |
| Amounts receivable within one year | 40/41 | €15,730 | €13,548 | -€2,182 | -13.9% |
| Trade receivables | 40 | €15,730 | €13,371 | -€2,360 | -15.0% |
| Other amounts receivable | 41 | - | €177 | +€177 | |
| Cash at bank and in hand | 54/58 | €91,603 | €48,587 | -€43,016 | -47.0% |
| Deferred charges and accrued income | 490/1 | €14,724 | €10,126 | -€4,598 | -31.2% |
| Total equity and liabilities | 10/49 | €127,148 | €74,774 | -€52,374 | -41.2% |
| Equity | 10/15 | €60,352 | €3,000 | -€57,352 | -95.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,352 | €0 | -€57,352 | -100% |
| Distributable reserves | 133 | €57,352 | €0 | -€57,352 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €66,796 | €71,774 | +€4,978 | +7.5% |
| Amounts payable within one year | 42/48 | €66,796 | €71,774 | +€4,978 | +7.5% |
| Financial debts | 43 | - | €145 | +€145 | |
| Credit institutions | 430/8 | - | €145 | +€145 | |
| Trade debts | 44 | €1,133 | €775 | -€359 | -31.7% |
| Suppliers | 440/4 | €1,133 | €775 | -€359 | -31.7% |
| Taxes, remuneration and social security | 45 | €20,337 | €20,022 | -€316 | -1.6% |
| Taxes | 450/3 | €18,116 | €17,801 | -€316 | -1.7% |
| Remuneration and social security | 454/9 | €2,221 | €2,221 | = | 0.0% |
| Other amounts payable | 47/48 | €45,325 | €50,832 | +€5,507 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,524 | €2,579 | +€54 | +2.2% |
| Other operating charges | 640/8 | €1,234 | €883 | -€351 | -28.5% |
| Gross operating margin | 9900 | €74,189 | €80,935 | +€6,746 | +9.1% |
| Operating profit (loss) | 9901 | €70,431 | €77,474 | +€7,042 | +10.0% |
| Financial income | 75/76B | €18 | €0 | -€18 | -100% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100% |
| Financial charges | 65/66B | €2,038 | €2,017 | -€21 | -1.1% |
| Recurring financial charges | 65 | €2,038 | €2,017 | -€21 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €68,411 | €75,457 | +€7,046 | +10.3% |
| Income taxes | 67/77 | €14,582 | €15,823 | +€1,241 | +8.5% |
| Profit (loss) for the period | 9904 | €53,829 | €59,634 | +€5,805 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,829 | €59,634 | +€5,805 | +10.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.