RG TEAM: 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 TEAM
Largest movements
- Receivables within one year +€25,843
up €25,843 (+29.0%), from €89,023 to €114,866
of which Other amounts receivable: +€24,554
- Cash -€20,372
down €20,372 (-28.4%), from €71,719 to €51,347
mainly Debts after one year (-€90,153) and Receivables within one year (-€25,843)
- Debts after one year -€90,153
down €90,153 (-36.1%), from €249,622 to €159,470
- Profit (loss) carried forward +€89,123
up €89,123 (+13.5%), from €661,414 to €750,538
- Financial income -€119,761
down €119,761 (-55.4%), from €216,300 to €96,539
- Gross operating margin -€6,306
down €6,306, from €4,592 to -€1,714
- Other operating charges +€583
up €583 (+152%), from €384 to €968
- Taxes +€178
up €178 (+194%), from €92 to €270
- Financial charges +€87
up €87 (+2.5%), from €3,518 to €3,605
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 | €1,095,864 | €1,101,878 | +€6,014 | +0.5% |
| Fixed assets | 21/28 | €933,839 | €933,839 | = | 0.0% |
| Financial fixed assets | 28 | €933,839 | €933,839 | = | 0.0% |
| Current assets | 29/58 | €162,025 | €168,038 | +€6,014 | +3.7% |
| Amounts receivable within one year | 40/41 | €89,023 | €114,866 | +€25,843 | +29.0% |
| Trade receivables | 40 | €740 | €2,030 | +€1,289 | +174% |
| Other amounts receivable | 41 | €88,283 | €112,837 | +€24,554 | +27.8% |
| Cash at bank and in hand | 54/58 | €71,719 | €51,347 | -€20,372 | -28.4% |
| Deferred charges and accrued income | 490/1 | €1,282 | €1,825 | +€543 | +42.3% |
| Total equity and liabilities | 10/49 | €1,095,864 | €1,101,878 | +€6,014 | +0.5% |
| Equity | 10/15 | €736,414 | €825,538 | +€89,123 | +12.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €661,414 | €750,538 | +€89,123 | +13.5% |
| Amounts payable | 17/49 | €359,450 | €276,340 | -€83,110 | -23.1% |
| Amounts payable after more than one year | 17 | €249,622 | €159,470 | -€90,153 | -36.1% |
| Financial debts | 170/4 | €249,622 | €159,470 | -€90,153 | -36.1% |
| Amounts payable within one year | 42/48 | €109,827 | €116,870 | +€7,043 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €89,452 | €90,153 | +€701 | +0.8% |
| Trade debts | 44 | €1,933 | €5,756 | +€3,823 | +198% |
| Suppliers | 440/4 | €1,933 | €5,756 | +€3,823 | +198% |
| Taxes, remuneration and social security | 45 | €2,019 | €900 | -€1,119 | -55.4% |
| Taxes | 450/3 | €2,019 | €900 | -€1,119 | -55.4% |
| Other amounts payable | 47/48 | €16,423 | €20,062 | +€3,638 | +22.2% |
| Other operating charges | 640/8 | €384 | €968 | +€583 | +152% |
| Gross operating margin | 9900 | €4,592 | -€1,714 | -€6,306 | |
| Operating profit (loss) | 9901 | €4,207 | -€2,682 | -€6,889 | |
| Financial income | 75/76B | €216,300 | €96,539 | -€119,761 | -55.4% |
| Recurring financial income | 75 | €216,300 | €96,539 | -€119,761 | -55.4% |
| Financial charges | 65/66B | €3,518 | €3,605 | +€87 | +2.5% |
| Recurring financial charges | 65 | €3,518 | €3,605 | +€87 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €216,990 | €90,252 | -€126,738 | -58.4% |
| Income taxes | 67/77 | €92 | €270 | +€178 | +194% |
| Profit (loss) for the period | 9904 | €216,898 | €89,982 | -€126,916 | -58.5% |
| Profit (loss) for the period to be appropriated | 9905 | €216,898 | €89,982 | -€126,916 | -58.5% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.