RGA CONSULT: 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.
RGA CONSULT
Largest movements
- Tangible fixed assets -€29,298
down €29,298 (-5.4%), from €540,534 to €511,235
of which Land and buildings: -€26,277
- Receivables within one year +€28,899
up €28,899 (+102%), from €28,369 to €57,268
of which Trade receivables: +€40,467
- Cash -€14,173
down €14,173 (-90.1%), from €15,734 to €1,562
mainly Other debts (-€53,406) and Receivables within one year (-€28,899)
- Other debts -€53,406
down €53,406 (-60.7%), from €88,033 to €34,627
- Profit (loss) carried forward +€45,955
up €45,955 (+67.4%), from €68,193 to €114,149
- Debts after one year -€18,492
down €18,492 (-5.0%), from €367,249 to €348,757
- Tax, wage and social debts +€6,328
up €6,328 (+42.8%), from €14,788 to €21,116
- Gross operating margin +€51,111
up €51,111 (+91.2%), from €56,055 to €107,166
- Taxes +€9,416
up €9,416 (+209%), from €4,516 to €13,932
- Financial charges +€1,687
up €1,687 (+13.9%), from €12,152 to €13,839
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 | €587,598 | €572,483 | -€15,115 | -2.6% |
| Fixed assets | 21/28 | €540,534 | €511,235 | -€29,298 | -5.4% |
| Tangible fixed assets | 22/27 | €540,534 | €511,235 | -€29,298 | -5.4% |
| Land and buildings | 22 | €516,893 | €490,616 | -€26,277 | -5.1% |
| Furniture and vehicles | 24 | €23,641 | €20,620 | -€3,021 | -12.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €47,064 | €61,247 | +€14,183 | +30.1% |
| Amounts receivable within one year | 40/41 | €28,369 | €57,268 | +€28,899 | +102% |
| Trade receivables | 40 | €15,685 | €56,152 | +€40,467 | +258% |
| Other amounts receivable | 41 | €12,684 | €1,117 | -€11,567 | -91.2% |
| Cash at bank and in hand | 54/58 | €15,734 | €1,562 | -€14,173 | -90.1% |
| Deferred charges and accrued income | 490/1 | €2,961 | €2,417 | -€544 | -18.4% |
| Total equity and liabilities | 10/49 | €587,598 | €572,483 | -€15,115 | -2.6% |
| Equity | 10/15 | €88,653 | €134,609 | +€45,955 | +51.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,193 | €114,149 | +€45,955 | +67.4% |
| Amounts payable | 17/49 | €498,945 | €437,874 | -€61,071 | -12.2% |
| Amounts payable after more than one year | 17 | €367,249 | €348,757 | -€18,492 | -5.0% |
| Financial debts | 170/4 | €367,249 | €348,757 | -€18,492 | -5.0% |
| Amounts payable within one year | 42/48 | €128,544 | €81,588 | -€46,956 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €19,541 | €20,013 | +€472 | +2.4% |
| Financial debts | 43 | €1,250 | €413 | -€837 | -67.0% |
| Credit institutions | 430/8 | €1,250 | €413 | -€837 | -67.0% |
| Trade debts | 44 | €4,933 | €5,420 | +€487 | +9.9% |
| Suppliers | 440/4 | €4,933 | €5,420 | +€487 | +9.9% |
| Taxes, remuneration and social security | 45 | €14,788 | €21,116 | +€6,328 | +42.8% |
| Taxes | 450/3 | €14,788 | €21,116 | +€6,328 | +42.8% |
| Other amounts payable | 47/48 | €88,033 | €34,627 | -€53,406 | -60.7% |
| Accrued charges and deferred income | 492/3 | €3,152 | €7,529 | +€4,377 | +139% |
| Non-recurring operating income | 76A | €2,220 | €0 | -€2,220 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,049 | €32,774 | -€275 | -0.8% |
| Other operating charges | 640/8 | €893 | €650 | -€243 | -27.2% |
| Non-recurring operating charges | 66A | €0 | €19 | +€19 | |
| Gross operating margin | 9900 | €56,055 | €107,166 | +€51,111 | +91.2% |
| Operating profit (loss) | 9901 | €22,113 | €73,724 | +€51,610 | +233% |
| Financial income | 75/76B | €0 | €3 | +€3 | +25,200% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +25,200% |
| Financial charges | 65/66B | €12,152 | €13,839 | +€1,687 | +13.9% |
| Recurring financial charges | 65 | €12,152 | €13,839 | +€1,687 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €9,962 | €59,887 | +€49,926 | +501% |
| Income taxes | 67/77 | €4,516 | €13,932 | +€9,416 | +209% |
| Profit (loss) for the period | 9904 | €5,446 | €45,955 | +€40,510 | +744% |
| Profit (loss) for the period to be appropriated | 9905 | €5,446 | €45,955 | +€40,510 | +744% |
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 21 October 2026 via checked.be.