RG TRADING: 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 TRADING
Largest movements
- Receivables within one year -€41,986
down €41,986 (-61.9%), from €67,818 to €25,833
of which Other amounts receivable: -€47,355
- Cash -€41,723
down €41,723 (-65.9%), from €63,351 to €21,628
mainly Debts after one year (-€98,383) and Net result for the year (-€42,990)
- Stocks and contracts -€12,882
down €12,882 (-5.5%), from €234,961 to €222,079
- Deferred charges and accrued income +€3,942
up €3,942 (+118.1%), from €3,337 to €7,278
- Tangible fixed assets +€3,923
up €3,923 (+39.3%), from €9,991 to €13,914
of which Plant, machinery and equipment: +€4,858
- Debts after one year -€98,383
down €98,383 (-29.0%), from €338,966 to €240,583
- Tax, wage and social debts +€4,683
new in 2025: €4,683
of which Remuneration and social security: +€3,200
- Gross operating margin +€25,612
up €25,612 (+41.8%), from -€61,329 to -€35,716
- Depreciation +€1,482
up €1,482 (+67.6%), from €2,191 to €3,673
- Other operating charges +€1,134
up €1,134 (+54.4%), from €2,084 to €3,217
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 | €379,457 | €290,731 | -€88,726 | -23.4% |
| Fixed assets | 21/28 | €9,991 | €13,914 | +€3,923 | +39.3% |
| Tangible fixed assets | 22/27 | €9,991 | €13,914 | +€3,923 | +39.3% |
| Plant, machinery and equipment | 23 | €1,073 | €5,931 | +€4,858 | +452.7% |
| Furniture and vehicles | 24 | €8,918 | €7,982 | -€935 | -10.5% |
| Current assets | 29/58 | €369,466 | €276,818 | -€92,649 | -25.1% |
| Stocks and contracts in progress | 3 | €234,961 | €222,079 | -€12,882 | -5.5% |
| Stocks | 30/36 | €234,961 | €222,079 | -€12,882 | -5.5% |
| Amounts receivable within one year | 40/41 | €67,818 | €25,833 | -€41,986 | -61.9% |
| Trade receivables | 40 | €17,837 | €23,206 | +€5,369 | +30.1% |
| Other amounts receivable | 41 | €49,982 | €2,627 | -€47,355 | -94.7% |
| Cash at bank and in hand | 54/58 | €63,351 | €21,628 | -€41,723 | -65.9% |
| Deferred charges and accrued income | 490/1 | €3,337 | €7,278 | +€3,942 | +118.1% |
| Total equity and liabilities | 10/49 | €379,457 | €290,731 | -€88,726 | -23.4% |
| Equity | 10/15 | €40,245 | €40,254 | +€10 | 0.0% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €6,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,860 | €6,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,860 | €6,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,216 | -€35,206 | +€10 | 0.0% |
| Amounts payable | 17/49 | €339,213 | €250,477 | -€88,735 | -26.2% |
| Amounts payable after more than one year | 17 | €338,966 | €240,583 | -€98,383 | -29.0% |
| Other amounts payable | 178/9 | €338,966 | €240,583 | -€98,383 | -29.0% |
| Amounts payable within one year | 42/48 | €246 | €9,894 | +€9,648 | +3917.8% |
| Trade debts | 44 | €104 | €2,756 | +€2,652 | +2540.3% |
| Suppliers | 440/4 | €104 | €2,756 | +€2,652 | +2540.3% |
| Taxes, remuneration and social security | 45 | - | €4,683 | +€4,683 | |
| Taxes | 450/3 | - | €1,483 | +€1,483 | |
| Remuneration and social security | 454/9 | - | €3,200 | +€3,200 | |
| Other amounts payable | 47/48 | €142 | €2,455 | +€2,313 | +1630.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,191 | €3,673 | +€1,482 | +67.6% |
| Other operating charges | 640/8 | €2,084 | €3,217 | +€1,134 | +54.4% |
| Gross operating margin | 9900 | -€61,329 | -€35,716 | +€25,612 | +41.8% |
| Operating profit (loss) | 9901 | -€65,603 | -€42,606 | +€22,997 | +35.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €253 | €234 | -€19 | -7.7% |
| Recurring financial charges | 65 | €253 | €234 | -€19 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€65,856 | -€42,840 | +€23,016 | +34.9% |
| Income taxes | 67/77 | - | €150 | +€150 | |
| Profit (loss) for the period | 9904 | -€65,856 | -€42,990 | +€22,866 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,856 | -€42,990 | +€22,866 | +34.7% |
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 6 October 2026 via checked.be.