RG TOITURES: 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 TOITURES
Largest movements
- Cash +€65,991
up €65,991 (+716%), from €9,211 to €75,202
mainly Net result for the year (+€82,467) and Stocks and contracts (+€10,000)
- Stocks and contracts -€10,000
down €10,000 (-78.4%), from €12,750 to €2,750
- Deferred charges and accrued income +€1,973
up €1,973 (+185%), from €1,065 to €3,038
- Profit (loss) carried forward +€82,467
up €82,467, from -€24,184 to €58,283
- Current portion of long-term debt -€8,842
no longer reported in 2025 (was €8,842)
- Trade debts -€8,570
down €8,570 (-85.1%), from €10,066 to €1,496
- Other debts -€6,959
down €6,959 (-48.9%), from €14,242 to €7,283
- Advances received -€1,949
down €1,949 (-10.0%), from €19,449 to €17,500
- Gross operating margin +€141,929
up €141,929 (+667%), from €21,276 to €163,205
- Staff costs +€23,559
up €23,559 (+54.0%), from €43,610 to €67,169
- Financial income -€9,076
down €9,076 (-86.1%), from €10,541 to €1,465
of which Non-recurring financial income: -€10,000
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 | €109,764 | €165,756 | +€55,993 | +51.0% |
| Fixed assets | 21/28 | €64,078 | €63,679 | -€399 | -0.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €64,078 | €63,679 | -€399 | -0.6% |
| Land and buildings | 22 | €56,300 | €54,185 | -€2,115 | -3.8% |
| Plant, machinery and equipment | 23 | €4,137 | €6,988 | +€2,850 | +68.9% |
| Furniture and vehicles | 24 | €3,640 | €2,506 | -€1,134 | -31.2% |
| Current assets | 29/58 | €45,686 | €102,077 | +€56,391 | +123% |
| Stocks and contracts in progress | 3 | €12,750 | €2,750 | -€10,000 | -78.4% |
| Stocks | 30/36 | €12,750 | €2,750 | -€10,000 | -78.4% |
| Amounts receivable within one year | 40/41 | €22,660 | €21,088 | -€1,572 | -6.9% |
| Trade receivables | 40 | €14,511 | €12,520 | -€1,991 | -13.7% |
| Other amounts receivable | 41 | €8,149 | €8,568 | +€419 | +5.1% |
| Cash at bank and in hand | 54/58 | €9,211 | €75,202 | +€65,991 | +716% |
| Deferred charges and accrued income | 490/1 | €1,065 | €3,038 | +€1,973 | +185% |
| Total equity and liabilities | 10/49 | €109,764 | €165,756 | +€55,993 | +51.0% |
| Equity | 10/15 | -€5,176 | €77,291 | +€82,467 | |
| Contributions | 10/11 | €17,700 | €17,700 | = | 0.0% |
| Capital | 10 | €17,700 | €17,700 | = | 0.0% |
| Issued capital | 100 | €18,600 | €17,700 | -€900 | -4.8% |
| Uncalled capital | 101 | €900 | - | -€900 | |
| Reserves | 13 | €1,308 | €1,308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,308 | €1,308 | = | 0.0% |
| Legal reserve | 130 | €1,308 | €1,308 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,184 | €58,283 | +€82,467 | |
| Amounts payable | 17/49 | €114,939 | €88,465 | -€26,474 | -23.0% |
| Amounts payable after more than one year | 17 | €60,386 | €60,386 | = | 0.0% |
| Financial debts | 170/4 | €60,386 | €60,386 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,553 | €28,079 | -€26,474 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €8,842 | - | -€8,842 | |
| Trade debts | 44 | €10,066 | €1,496 | -€8,570 | -85.1% |
| Suppliers | 440/4 | €10,066 | €1,496 | -€8,570 | -85.1% |
| Advances received on contracts in progress | 46 | €19,449 | €17,500 | -€1,949 | -10.0% |
| Taxes, remuneration and social security | 45 | €1,954 | €1,800 | -€154 | -7.9% |
| Taxes | 450/3 | €154 | - | -€154 | |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €14,242 | €7,283 | -€6,959 | -48.9% |
| Non-recurring operating income | 76A | - | €8,916 | +€8,916 | |
| Remuneration, social security and pensions | 62 | €43,610 | €67,169 | +€23,559 | +54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,626 | €6,884 | +€1,258 | +22.4% |
| Other operating charges | 640/8 | €3,194 | €3,553 | +€359 | +11.2% |
| Non-recurring operating charges | 66A | - | €72 | +€72 | |
| Gross operating margin | 9900 | €21,276 | €163,205 | +€141,929 | +667% |
| Operating profit (loss) | 9901 | -€31,155 | €85,527 | +€116,681 | |
| Financial income | 75/76B | €10,541 | €1,465 | -€9,076 | -86.1% |
| Recurring financial income | 75 | €541 | €1,465 | +€924 | +171% |
| Non-recurring financial income | 76B | €10,000 | - | -€10,000 | |
| Financial charges | 65/66B | €4,253 | €4,525 | +€272 | +6.4% |
| Recurring financial charges | 65 | €4,253 | €4,525 | +€272 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,867 | €82,467 | +€107,334 | |
| Income taxes | 67/77 | €825 | - | -€825 | |
| Profit (loss) for the period | 9904 | -€25,692 | €82,467 | +€108,159 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,692 | €82,467 | +€108,159 |
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 17 October 2026 via checked.be.