RGB: 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.
RGB
Largest movements
- Cash +€255,137
up €255,137 (+122.6%), from €208,182 to €463,320
mainly Net result for the year (+€303,396) and Tax, wage and social debts (+€44,650)
- Receivables within one year +€63,375
up €63,375 (+12.4%), from €510,242 to €573,617
of which Trade receivables: +€57,452
- Tangible fixed assets +€26,446
new in 2025: €26,446
- Stocks and contracts -€15,000
down €15,000 (-82.4%), from €18,205 to €3,205
- Profit (loss) carried forward +€303,396
up €303,396 (+61.9%), from €490,301 to €793,697
- Tax, wage and social debts +€44,650
up €44,650 (+192.7%), from €23,167 to €67,817
- Other debts -€39,173
down €39,173 (-57.6%), from €68,065 to €28,892
- Debts after one year +€31,960
new in 2025: €31,960
- Contributions -€18,592
no longer reported in 2025 (was €18,592)
- Turnover -€639,244
no longer reported in 2025 (was €639,244)
- Gross operating margin +€203,813
up €203,813 (+84.6%), from €240,928 to €444,741
- Write-downs -€36,333
no longer reported in 2025 (was €36,333)
- Purchases and services +€27,551
up €27,551 (+6.9%), from €398,316 to €425,867
- Staff costs +€13,818
up €13,818 (+11.7%), from €117,826 to €131,644
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 | €761,579 | €1,091,537 | +€329,958 | +43.3% |
| Fixed assets | 21/28 | €6,621 | €33,066 | +€26,446 | +399.4% |
| Tangible fixed assets | 22/27 | - | €26,446 | +€26,446 | |
| Furniture and vehicles | 24 | - | €26,446 | +€26,446 | |
| Financial fixed assets | 28 | €6,621 | €6,621 | = | 0.0% |
| Current assets | 29/58 | €754,958 | €1,058,470 | +€303,512 | +40.2% |
| Stocks and contracts in progress | 3 | €18,205 | €3,205 | -€15,000 | -82.4% |
| Stocks | 30/36 | €18,205 | €3,205 | -€15,000 | -82.4% |
| Amounts receivable within one year | 40/41 | €510,242 | €573,617 | +€63,375 | +12.4% |
| Trade receivables | 40 | €475,605 | €533,057 | +€57,452 | +12.1% |
| Other amounts receivable | 41 | €34,637 | €40,559 | +€5,923 | +17.1% |
| Current investments | 50/53 | €18,330 | €18,330 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €208,182 | €463,320 | +€255,137 | +122.6% |
| Total equity and liabilities | 10/49 | €761,579 | €1,091,537 | +€329,958 | +43.3% |
| Equity | 10/15 | €526,865 | €811,669 | +€284,804 | +54.1% |
| Contributions | 10/11 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €17,972 | €17,972 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,113 | €16,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | €490,301 | €793,697 | +€303,396 | +61.9% |
| Amounts payable | 17/49 | €234,714 | €279,868 | +€45,154 | +19.2% |
| Amounts payable after more than one year | 17 | - | €31,960 | +€31,960 | |
| Financial debts | 170/4 | - | €31,960 | +€31,960 | |
| Amounts payable within one year | 42/48 | €234,714 | €247,908 | +€13,194 | +5.6% |
| Trade debts | 44 | €143,483 | €151,200 | +€7,717 | +5.4% |
| Suppliers | 440/4 | €143,483 | €151,200 | +€7,717 | +5.4% |
| Taxes, remuneration and social security | 45 | €23,167 | €67,817 | +€44,650 | +192.7% |
| Remuneration and social security | 454/9 | €23,167 | €67,817 | +€44,650 | +192.7% |
| Other amounts payable | 47/48 | €68,065 | €28,892 | -€39,173 | -57.6% |
| Turnover | 70 | €639,244 | - | -€639,244 | |
| Goods, raw materials, services and sundry goods | 60/61 | €398,316 | €425,867 | +€27,551 | +6.9% |
| Remuneration, social security and pensions | 62 | €117,826 | €131,644 | +€13,818 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,611 | +€6,611 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €36,333 | - | -€36,333 | |
| Other operating charges | 640/8 | €693 | €21 | -€672 | -96.9% |
| Gross operating margin | 9900 | €240,928 | €444,741 | +€203,813 | +84.6% |
| Operating profit (loss) | 9901 | €86,076 | €306,465 | +€220,389 | +256.0% |
| Financial charges | 65/66B | €1,184 | €1,269 | +€85 | +7.1% |
| Recurring financial charges | 65 | €1,184 | €1,269 | +€85 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €84,892 | €305,196 | +€220,304 | +259.5% |
| Income taxes | 67/77 | €1,700 | €1,800 | +€100 | +5.9% |
| Profit (loss) for the period | 9904 | €83,192 | €303,396 | +€220,204 | +264.7% |
| Profit (loss) for the period to be appropriated | 9905 | €83,192 | €303,396 | +€220,204 | +264.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.