RGEO: 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.
RGEO
Largest movements
- Cash +€14,620
up €14,620 (+29.5%), from €49,480 to €64,100
mainly Trade debts (+€39,956) and Depreciation (+€26,247)
- Receivables within one year +€11,336
up €11,336 (+22.2%), from €51,004 to €62,340
of which Trade receivables: +€5,723
- Intangible fixed assets -€6,000
down €6,000 (-16.2%), from €36,953 to €30,953
- Tangible fixed assets -€2,989
down €2,989 (-5.4%), from €55,839 to €52,850
of which Furniture and vehicles: -€9,464
- Trade debts +€39,956
up €39,956 (+1457.3%), from €2,742 to €42,697
- Tax, wage and social debts -€11,398
down €11,398 (-81.1%), from €14,062 to €2,663
- Other debts -€9,570
down €9,570 (-13.1%), from €72,921 to €63,351
- Debts after one year -€6,335
down €6,335 (-45.2%), from €14,006 to €7,671
- Reserves +€5,033
up €5,033 (+6.1%), from €81,837 to €86,870
- Gross operating margin -€9,512
down €9,512 (-21.9%), from €43,448 to €33,936
- Taxes -€2,410
down €2,410 (-47.5%), from €5,074 to €2,663
- Depreciation +€1,913
up €1,913 (+7.9%), from €24,334 to €26,247
- Financial income +€1,287
up €1,287 (+15073.4%), from €9 to €1,296
- Financial charges -€630
down €630 (-44.3%), from €1,423 to €793
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 | €193,689 | €211,587 | +€17,899 | +9.2% |
| Fixed assets | 21/28 | €92,792 | €83,803 | -€8,989 | -9.7% |
| Intangible fixed assets | 21 | €36,953 | €30,953 | -€6,000 | -16.2% |
| Tangible fixed assets | 22/27 | €55,839 | €52,850 | -€2,989 | -5.4% |
| Plant, machinery and equipment | 23 | €16,945 | €14,972 | -€1,973 | -11.6% |
| Furniture and vehicles | 24 | €38,894 | €29,430 | -€9,464 | -24.3% |
| Other tangible fixed assets | 26 | - | €8,447 | +€8,447 | |
| Current assets | 29/58 | €100,897 | €127,785 | +€26,888 | +26.6% |
| Amounts receivable within one year | 40/41 | €51,004 | €62,340 | +€11,336 | +22.2% |
| Trade receivables | 40 | €43,004 | €48,727 | +€5,723 | +13.3% |
| Other amounts receivable | 41 | €8,000 | €13,613 | +€5,613 | +70.2% |
| Cash at bank and in hand | 54/58 | €49,480 | €64,100 | +€14,620 | +29.5% |
| Deferred charges and accrued income | 490/1 | €412 | €1,344 | +€932 | +226.0% |
| Total equity and liabilities | 10/49 | €193,689 | €211,587 | +€17,899 | +9.2% |
| Equity | 10/15 | €83,837 | €88,870 | +€5,033 | +6.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €81,837 | €86,870 | +€5,033 | +6.1% |
| Distributable reserves | 133 | €81,837 | €86,870 | +€5,033 | +6.1% |
| Amounts payable | 17/49 | €109,852 | €122,718 | +€12,866 | +11.7% |
| Amounts payable after more than one year | 17 | €14,006 | €7,671 | -€6,335 | -45.2% |
| Financial debts | 170/4 | €14,006 | €7,671 | -€6,335 | -45.2% |
| Amounts payable within one year | 42/48 | €95,846 | €115,047 | +€19,201 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €6,121 | €6,335 | +€214 | +3.5% |
| Trade debts | 44 | €2,742 | €42,697 | +€39,956 | +1457.3% |
| Suppliers | 440/4 | €2,742 | €42,697 | +€39,956 | +1457.3% |
| Taxes, remuneration and social security | 45 | €14,062 | €2,663 | -€11,398 | -81.1% |
| Taxes | 450/3 | €14,062 | €2,663 | -€11,398 | -81.1% |
| Other amounts payable | 47/48 | €72,921 | €63,351 | -€9,570 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,334 | €26,247 | +€1,913 | +7.9% |
| Other operating charges | 640/8 | €697 | €496 | -€201 | -28.9% |
| Gross operating margin | 9900 | €43,448 | €33,936 | -€9,512 | -21.9% |
| Operating profit (loss) | 9901 | €18,417 | €7,193 | -€11,224 | -60.9% |
| Financial income | 75/76B | €9 | €1,296 | +€1,287 | +15073.4% |
| Recurring financial income | 75 | €9 | €1,296 | +€1,287 | +15073.4% |
| Financial charges | 65/66B | €1,423 | €793 | -€630 | -44.3% |
| Recurring financial charges | 65 | €1,423 | €793 | -€630 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €17,003 | €7,696 | -€9,307 | -54.7% |
| Income taxes | 67/77 | €5,074 | €2,663 | -€2,410 | -47.5% |
| Profit (loss) for the period | 9904 | €11,929 | €5,033 | -€6,897 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,929 | €5,033 | -€6,897 | -57.8% |
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.