RGF Financial Services: 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.
RGF Financial Services
Largest movements
- Cash +€110,855
up €110,855 (+101%), from €109,517 to €220,372
mainly Receivables within one year (+€96,691) and Depreciation (+€78,889)
- Receivables within one year -€96,691
down €96,691 (-78.3%), from €123,450 to €26,759
- Intangible fixed assets -€40,000
down €40,000 (-18.5%), from €216,503 to €176,503
- Tangible fixed assets -€18,736
down €18,736 (-20.3%), from €92,149 to €73,413
of which Furniture and vehicles: -€17,245
- Profit (loss) carried forward +€61,087
up €61,087 (+63.8%), from €95,722 to €156,809
- Other debts -€59,642
no longer reported in 2025 (was €59,642)
- Debts after one year -€30,508
down €30,508 (-53.8%), from €56,745 to €26,237
- Trade debts +€17,990
up €17,990 (+94.0%), from €19,147 to €37,137
of which Suppliers: +€15,728
- Tax, wage and social debts -€11,462
down €11,462 (-9.8%), from €117,403 to €105,941
of which Taxes: -€6,374
- Staff costs -€64,206
down €64,206 (-17.5%), from €366,901 to €302,695
- Taxes +€16,347
up €16,347 (+113%), from €14,439 to €30,786
- Gross operating margin +€6,684
up €6,684 (+1.4%), from €482,343 to €489,027
- Financial income -€5,319
down €5,319 (-90.0%), from €5,908 to €589
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 | €632,910 | €591,259 | -€41,651 | -6.6% |
| Fixed assets | 21/28 | €308,652 | €249,916 | -€58,736 | -19.0% |
| Intangible fixed assets | 21 | €216,503 | €176,503 | -€40,000 | -18.5% |
| Tangible fixed assets | 22/27 | €92,149 | €73,413 | -€18,736 | -20.3% |
| Plant, machinery and equipment | 23 | €2,055 | €564 | -€1,491 | -72.6% |
| Furniture and vehicles | 24 | €90,094 | €72,849 | -€17,245 | -19.1% |
| Current assets | 29/58 | €324,258 | €341,343 | +€17,085 | +5.3% |
| Amounts receivable within one year | 40/41 | €123,450 | €26,759 | -€96,691 | -78.3% |
| Other amounts receivable | 41 | €123,450 | €26,759 | -€96,691 | -78.3% |
| Cash at bank and in hand | 54/58 | €109,517 | €220,372 | +€110,855 | +101% |
| Deferred charges and accrued income | 490/1 | €91,291 | €94,212 | +€2,921 | +3.2% |
| Total equity and liabilities | 10/49 | €632,910 | €591,259 | -€41,651 | -6.6% |
| Equity | 10/15 | €345,722 | €406,809 | +€61,087 | +17.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,722 | €156,809 | +€61,087 | +63.8% |
| Amounts payable | 17/49 | €287,188 | €184,450 | -€102,738 | -35.8% |
| Amounts payable after more than one year | 17 | €56,745 | €26,237 | -€30,508 | -53.8% |
| Financial debts | 170/4 | €56,745 | €26,237 | -€30,508 | -53.8% |
| Amounts payable within one year | 42/48 | €219,592 | €158,213 | -€61,379 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €23,400 | €15,135 | -€8,265 | -35.3% |
| Trade debts | 44 | €19,147 | €37,137 | +€17,990 | +94.0% |
| Suppliers | 440/4 | €19,147 | €34,875 | +€15,728 | +82.1% |
| Bills of exchange payable | 441 | - | €2,262 | +€2,262 | |
| Taxes, remuneration and social security | 45 | €117,403 | €105,941 | -€11,462 | -9.8% |
| Taxes | 450/3 | €68,732 | €62,358 | -€6,374 | -9.3% |
| Remuneration and social security | 454/9 | €48,671 | €43,583 | -€5,088 | -10.5% |
| Other amounts payable | 47/48 | €59,642 | - | -€59,642 | |
| Accrued charges and deferred income | 492/3 | €10,851 | - | -€10,851 | |
| Remuneration, social security and pensions | 62 | €366,901 | €302,695 | -€64,206 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,159 | €78,889 | -€1,270 | -1.6% |
| Other operating charges | 640/8 | €9,228 | €9,269 | +€41 | +0.4% |
| Gross operating margin | 9900 | €482,343 | €489,027 | +€6,684 | +1.4% |
| Operating profit (loss) | 9901 | €26,055 | €98,174 | +€72,119 | +277% |
| Financial income | 75/76B | €5,908 | €589 | -€5,319 | -90.0% |
| Recurring financial income | 75 | €5,908 | €589 | -€5,319 | -90.0% |
| Financial charges | 65/66B | €7,092 | €6,890 | -€202 | -2.8% |
| Recurring financial charges | 65 | €7,092 | €6,890 | -€202 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €24,871 | €91,873 | +€67,002 | +269% |
| Income taxes | 67/77 | €14,439 | €30,786 | +€16,347 | +113% |
| Profit (loss) for the period | 9904 | €10,432 | €61,087 | +€50,655 | +486% |
| Profit (loss) for the period to be appropriated | 9905 | €10,432 | €61,087 | +€50,655 | +486% |
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 20 October 2026 via checked.be.