RGAUDE MANAGEMENT: 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.
RGAUDE MANAGEMENT
Largest movements
- Financial fixed assets +€137,500
new in 2025: €137,500
- Receivables within one year -€107,909
down €107,909 (-91.1%), from €118,409 to €10,500
of which Other amounts receivable: -€116,108
- Cash -€5,547
down €5,547 (-44.3%), from €12,522 to €6,974
mainly Investment in fixed assets (net) (-€137,500) and Contributions, distributions and other (-€35,000)
- Reserves +€21,000
up €21,000 (+55.3%), from €38,000 to €59,000
- Tax, wage and social debts +€15,359
up €15,359 (+128%), from €11,976 to €27,335
- Debts after one year -€11,646
down €11,646 (-62.4%), from €18,659 to €7,013
- Other debts -€3,045
down €3,045 (-6.4%), from €47,314 to €44,269
- Gross operating margin +€27,805
up €27,805 (+52.3%), from €53,125 to €80,930
- Taxes +€9,861
up €9,861 (+98.4%), from €10,017 to €19,878
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 | €133,371 | €156,388 | +€23,017 | +17.3% |
| Fixed assets | 21/28 | €2,440 | €138,913 | +€136,474 | +5,594% |
| Tangible fixed assets | 22/27 | €2,440 | €1,413 | -€1,026 | -42.1% |
| Furniture and vehicles | 24 | €2,440 | €1,413 | -€1,026 | -42.1% |
| Financial fixed assets | 28 | - | €137,500 | +€137,500 | |
| Current assets | 29/58 | €130,931 | €17,474 | -€113,456 | -86.7% |
| Amounts receivable within one year | 40/41 | €118,409 | €10,500 | -€107,909 | -91.1% |
| Trade receivables | 40 | €2,302 | €10,500 | +€8,198 | +356% |
| Other amounts receivable | 41 | €116,108 | €0 | -€116,108 | -100% |
| Cash at bank and in hand | 54/58 | €12,522 | €6,974 | -€5,547 | -44.3% |
| Total equity and liabilities | 10/49 | €133,371 | €156,388 | +€23,017 | +17.3% |
| Equity | 10/15 | €43,937 | €64,746 | +€20,809 | +47.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,000 | €59,000 | +€21,000 | +55.3% |
| Distributable reserves | 133 | €38,000 | €59,000 | +€21,000 | +55.3% |
| Profit (loss) carried forward | 14 | €937 | €746 | -€191 | -20.4% |
| Amounts payable | 17/49 | €89,433 | €91,642 | +€2,208 | +2.5% |
| Amounts payable after more than one year | 17 | €18,659 | €7,013 | -€11,646 | -62.4% |
| Financial debts | 170/4 | €18,659 | €7,013 | -€11,646 | -62.4% |
| Amounts payable within one year | 42/48 | €70,582 | €84,437 | +€13,854 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €11,186 | €11,646 | +€460 | +4.1% |
| Trade debts | 44 | €106 | €1,187 | +€1,080 | +1,015% |
| Suppliers | 440/4 | €106 | €1,187 | +€1,080 | +1,015% |
| Taxes, remuneration and social security | 45 | €11,976 | €27,335 | +€15,359 | +128% |
| Taxes | 450/3 | €11,976 | €27,335 | +€15,359 | +128% |
| Other amounts payable | 47/48 | €47,314 | €44,269 | -€3,045 | -6.4% |
| Accrued charges and deferred income | 492/3 | €192 | €192 | -€0 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,026 | €1,026 | = | 0.0% |
| Other operating charges | 640/8 | €674 | €974 | +€300 | +44.4% |
| Gross operating margin | 9900 | €53,125 | €80,930 | +€27,805 | +52.3% |
| Operating profit (loss) | 9901 | €51,424 | €78,930 | +€27,506 | +53.5% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100% |
| Financial charges | 65/66B | €2,730 | €3,243 | +€513 | +18.8% |
| Recurring financial charges | 65 | €2,730 | €3,243 | +€513 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €48,704 | €75,687 | +€26,983 | +55.4% |
| Income taxes | 67/77 | €10,017 | €19,878 | +€9,861 | +98.4% |
| Profit (loss) for the period | 9904 | €38,686 | €55,809 | +€17,122 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,686 | €55,809 | +€17,122 | +44.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.