RGFin: 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.
RGFin
Largest movements
- Cash +€44,354
up €44,354 (+93.2%), from €47,594 to €91,947
mainly Net result for the year (+€34,770) and Receivables within one year (+€13,099)
- Receivables within one year -€13,099
down €13,099 (-39.7%), from €33,024 to €19,925
of which Trade receivables: -€7,079
- Tangible fixed assets +€5,322
up €5,322 (+168%), from €3,175 to €8,497
of which Furniture and vehicles: +€5,765
- Profit (loss) carried forward +€34,770
up €34,770 (+74.4%), from -€46,765 to -€11,994
- Other debts +€4,818
up €4,818 (+168%), from €2,875 to €7,693
- Gross operating margin -€16,019
down €16,019 (-20.9%), from €76,753 to €60,734
- Other operating charges +€10,698
up €10,698 (+1,485%), from €720 to €11,418
- Taxes +€8,658
new in 2025: €8,658
- Staff costs +€5,599
new in 2025: €5,599
- Depreciation +€1,604
up €1,604 (+231%), from €696 to €2,299
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 | €209,019 | €247,590 | +€38,571 | +18.5% |
| Fixed assets | 21/28 | €3,400 | €8,722 | +€5,322 | +156% |
| Tangible fixed assets | 22/27 | €3,175 | €8,497 | +€5,322 | +168% |
| Plant, machinery and equipment | 23 | €1,039 | €596 | -€443 | -42.7% |
| Furniture and vehicles | 24 | €2,136 | €7,901 | +€5,765 | +270% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €205,618 | €238,868 | +€33,249 | +16.2% |
| Amounts receivable within one year | 40/41 | €33,024 | €19,925 | -€13,099 | -39.7% |
| Trade receivables | 40 | €26,231 | €19,152 | -€7,079 | -27.0% |
| Other amounts receivable | 41 | €6,794 | €773 | -€6,021 | -88.6% |
| Current investments | 50/53 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,594 | €91,947 | +€44,354 | +93.2% |
| Deferred charges and accrued income | 490/1 | - | €1,995 | +€1,995 | |
| Total equity and liabilities | 10/49 | €209,019 | €247,590 | +€38,571 | +18.5% |
| Equity | 10/15 | €203,235 | €238,006 | +€34,770 | +17.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,765 | -€11,994 | +€34,770 | +74.4% |
| Amounts payable | 17/49 | €5,783 | €9,584 | +€3,801 | +65.7% |
| Amounts payable within one year | 42/48 | €5,783 | €9,584 | +€3,801 | +65.7% |
| Trade debts | 44 | €2,909 | €1,891 | -€1,017 | -35.0% |
| Suppliers | 440/4 | €2,909 | €1,891 | -€1,017 | -35.0% |
| Other amounts payable | 47/48 | €2,875 | €7,693 | +€4,818 | +168% |
| Remuneration, social security and pensions | 62 | - | €5,599 | +€5,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €696 | €2,299 | +€1,604 | +231% |
| Other operating charges | 640/8 | €720 | €11,418 | +€10,698 | +1,485% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €76,753 | €60,734 | -€16,019 | -20.9% |
| Operating profit (loss) | 9901 | €75,337 | €41,418 | -€33,919 | -45.0% |
| Financial income | 75/76B | €1,330 | €2,167 | +€836 | +62.9% |
| Recurring financial income | 75 | €1,330 | €2,167 | +€836 | +62.9% |
| Financial charges | 65/66B | €68 | €157 | +€88 | +129% |
| Recurring financial charges | 65 | €68 | €157 | +€88 | +129% |
| Profit (loss) for the period before taxes | 9903 | €76,600 | €43,429 | -€33,171 | -43.3% |
| Income taxes | 67/77 | - | €8,658 | +€8,658 | |
| Profit (loss) for the period | 9904 | €76,600 | €34,770 | -€41,829 | -54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,600 | €34,770 | -€41,829 | -54.6% |
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 26 October 2026 via checked.be.