RG Vastgoed: 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 Vastgoed
Largest movements
- Stocks and contracts -€767,214
down €767,214 (-37.1%), from €2.1m to €1.3m
- Receivables within one year -€219,953
down €219,953 (-77.2%), from €284,850 to €64,896
of which Other amounts receivable: -€193,963
- Other debts -€668,693
down €668,693 (-63.5%), from €1.1m to €383,705
- Short-term financial debts -€388,794
down €388,794 (-35.1%), from €1.1m to €720,000
- Profit (loss) carried forward +€140,064
up €140,064 (+105%), from €133,871 to €273,936
- Accrued charges and deferred income -€79,550
down €79,550 (-100%), from €79,550 to €0
- Gross operating margin +€136,809
up €136,809 (+131%), from €104,776 to €241,585
- Taxes +€37,220
up €37,220 (+393%), from €9,468 to €46,688
- Financial charges -€12,118
down €12,118 (-18.4%), from €65,937 to €53,820
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 | €2,385,781 | €1,396,453 | -€989,328 | -41.5% |
| Fixed assets | 21/28 | €30,580 | €30,580 | = | 0.0% |
| Tangible fixed assets | 22/27 | €30,580 | €30,580 | = | 0.0% |
| Other tangible fixed assets | 26 | €30,580 | €30,580 | = | 0.0% |
| Current assets | 29/58 | €2,355,201 | €1,365,873 | -€989,328 | -42.0% |
| Stocks and contracts in progress | 3 | €2,066,405 | €1,299,190 | -€767,214 | -37.1% |
| Stocks | 30/36 | €2,066,405 | €1,299,190 | -€767,214 | -37.1% |
| Amounts receivable within one year | 40/41 | €284,850 | €64,896 | -€219,953 | -77.2% |
| Trade receivables | 40 | €33,177 | €7,187 | -€25,990 | -78.3% |
| Other amounts receivable | 41 | €251,672 | €57,709 | -€193,963 | -77.1% |
| Cash at bank and in hand | 54/58 | €424 | €178 | -€246 | -58.0% |
| Deferred charges and accrued income | 490/1 | €3,522 | €1,608 | -€1,914 | -54.3% |
| Total equity and liabilities | 10/49 | €2,385,781 | €1,396,453 | -€989,328 | -41.5% |
| Equity | 10/15 | €140,121 | €280,186 | +€140,064 | +100.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,871 | €273,936 | +€140,064 | +105% |
| Amounts payable | 17/49 | €2,245,659 | €1,116,267 | -€1.1m | -50.3% |
| Amounts payable within one year | 42/48 | €2,166,110 | €1,116,267 | -€1.0m | -48.5% |
| Financial debts | 43 | €1,108,794 | €720,000 | -€388,794 | -35.1% |
| Credit institutions | 430/8 | €1,108,794 | €720,000 | -€388,794 | -35.1% |
| Trade debts | 44 | €4,908 | €12,562 | +€7,654 | +156% |
| Suppliers | 440/4 | €4,908 | €12,562 | +€7,654 | +156% |
| Taxes, remuneration and social security | 45 | €9 | €0 | -€9 | -100% |
| Taxes | 450/3 | €9 | €0 | -€9 | -100% |
| Other amounts payable | 47/48 | €1,052,398 | €383,705 | -€668,693 | -63.5% |
| Accrued charges and deferred income | 492/3 | €79,550 | €0 | -€79,550 | -100% |
| Other operating charges | 640/8 | €968 | €1,013 | +€46 | +4.7% |
| Gross operating margin | 9900 | €104,776 | €241,585 | +€136,809 | +131% |
| Operating profit (loss) | 9901 | €103,808 | €240,572 | +€136,764 | +132% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €65,937 | €53,820 | -€12,118 | -18.4% |
| Recurring financial charges | 65 | €65,937 | €53,820 | -€12,118 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €37,871 | €186,752 | +€148,881 | +393% |
| Income taxes | 67/77 | €9,468 | €46,688 | +€37,220 | +393% |
| Profit (loss) for the period | 9904 | €28,403 | €140,064 | +€111,661 | +393% |
| Profit (loss) for the period to be appropriated | 9905 | €28,403 | €140,064 | +€111,661 | +393% |
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 23 October 2026 via checked.be.