RG SRL: what changed
Two fiscal 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 SRL
Largest movements
- Current investments +€28,917
up €28,917 (+39.1%), from €73,969 to €102,886
- Cash -€23,509
down €23,509 (-14.4%), from €163,071 to €139,561
mainly Contributions, distributions and other (-€245,000) and Current investments (-€28,917)
- Tangible fixed assets -€12,082
down €12,082 (-3.2%), from €374,873 to €362,791
of which Land and buildings: -€12,695
- Receivables within one year -€11,545
down €11,545 (-27.2%), from €42,469 to €30,924
of which Other amounts receivable: -€8,355
- Other debts +€153,893
up €153,893 (+159.8%), from €96,291 to €250,184
- Reserves -€147,500
down €147,500 (-60.5%), from €243,860 to €96,360
- Debts after one year -€19,300
down €19,300 (-7.2%), from €267,388 to €248,088
- Depreciation -€5,659
down €5,659 (-24.2%), from €23,397 to €17,737
- Staff costs +€2,191
up €2,191 (+15.0%), from €14,567 to €16,759
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.
Cash bridge derived
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 | €655,481 | €642,681 | -€12,800 | -2.0% |
| Fixed assets | 21/28 | €374,873 | €362,791 | -€12,082 | -3.2% |
| Tangible fixed assets | 22/27 | €374,873 | €362,791 | -€12,082 | -3.2% |
| Land and buildings | 22 | €363,420 | €350,725 | -€12,695 | -3.5% |
| Plant, machinery and equipment | 23 | €7,243 | €6,512 | -€731 | -10.1% |
| Furniture and vehicles | 24 | €4,210 | €5,554 | +€1,344 | +31.9% |
| Current assets | 29/58 | €280,608 | €279,890 | -€718 | -0.3% |
| Amounts receivable within one year | 40/41 | €42,469 | €30,924 | -€11,545 | -27.2% |
| Trade receivables | 40 | €33,984 | €30,794 | -€3,190 | -9.4% |
| Other amounts receivable | 41 | €8,485 | €130 | -€8,355 | -98.5% |
| Current investments | 50/53 | €73,969 | €102,886 | +€28,917 | +39.1% |
| Cash at bank and in hand | 54/58 | €163,071 | €139,561 | -€23,509 | -14.4% |
| Deferred charges and accrued income | 490/1 | €1,099 | €6,518 | +€5,419 | +493.2% |
| Total equity and liabilities | 10/49 | €655,481 | €642,681 | -€12,800 | -2.0% |
| Equity | 10/15 | €262,704 | €115,103 | -€147,601 | -56.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243,860 | €96,360 | -€147,500 | -60.5% |
| Distributable reserves | 133 | €243,860 | €96,360 | -€147,500 | -60.5% |
| Profit (loss) carried forward | 14 | €244 | €143 | -€101 | -41.5% |
| Amounts payable | 17/49 | €392,777 | €527,578 | +€134,801 | +34.3% |
| Amounts payable after more than one year | 17 | €267,388 | €248,088 | -€19,300 | -7.2% |
| Financial debts | 170/4 | €267,388 | €248,088 | -€19,300 | -7.2% |
| Amounts payable within one year | 42/48 | €124,614 | €279,040 | +€154,426 | +123.9% |
| Current portion of amounts payable after more than one year | 42 | €20,450 | €19,300 | -€1,150 | -5.6% |
| Trade debts | 44 | €168 | €3,096 | +€2,927 | +1739.5% |
| Suppliers | 440/4 | €168 | €3,096 | +€2,927 | +1739.5% |
| Advances received on contracts in progress | 46 | €64 | - | -€64 | |
| Taxes, remuneration and social security | 45 | €7,641 | €6,461 | -€1,180 | -15.4% |
| Taxes | 450/3 | €5,533 | €5,533 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,108 | €928 | -€1,180 | -56.0% |
| Other amounts payable | 47/48 | €96,291 | €250,184 | +€153,893 | +159.8% |
| Accrued charges and deferred income | 492/3 | €775 | €450 | -€325 | -41.9% |
| Remuneration, social security and pensions | 62 | €14,567 | €16,759 | +€2,191 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,397 | €17,737 | -€5,659 | -24.2% |
| Other operating charges | 640/8 | €6,431 | €6,201 | -€229 | -3.6% |
| Gross operating margin | 9900 | €184,072 | €182,914 | -€1,158 | -0.6% |
| Operating profit (loss) | 9901 | €139,678 | €142,217 | +€2,539 | +1.8% |
| Financial income | 75/76B | €780 | - | -€780 | |
| Recurring financial income | 75 | €780 | - | -€780 | |
| Financial charges | 65/66B | €10,277 | €9,949 | -€328 | -3.2% |
| Recurring financial charges | 65 | €10,277 | €9,949 | -€328 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €130,181 | €132,268 | +€2,087 | +1.6% |
| Income taxes | 67/77 | €34,867 | €34,870 | +€3 | 0.0% |
| Profit (loss) for the period | 9904 | €95,314 | €97,399 | +€2,084 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €95,314 | €97,399 | +€2,084 | +2.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.