RGG DISTRIBUTION: 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.
What changed
RGG DISTRIBUTION
NACE 46.836, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€25,277
2024 · €34,489-€9,212
Equity
€261,619
2024 · €212,022+€49,597
Cash
€113,056
2024 · €104,731+€8,325
Balance sheet total
€1.3m
2024 · €1.2m+€69,586
Largest movements
Assets
- Stocks and contracts +€63,724
up €63,724 (+27.8%), from €229,492 to €293,216
Equity and liabilities
- Reserves +€28,642
up €28,642 (+14.8%), from €193,422 to €222,064
- Investment grants +€20,955
new in 2025: €20,955
- Tax, wage and social debts +€16,056
up €16,056 (+25.2%), from €63,707 to €79,763
of which Taxes: +€9,461
- Debts after one year -€14,118
down €14,118 (-2.3%), from €608,620 to €594,501
Income statement
- Staff costs +€28,972
new in 2025: €28,972
- Gross operating margin +€24,841
up €24,841 (+17.6%), from €141,313 to €166,153
- Depreciation +€12,429
up €12,429 (+26.0%), from €47,830 to €60,259
- Financial charges -€10,910
down €10,910 (-19.7%), from €55,377 to €44,466
- Other operating charges +€10,330
up €10,330 (+200%), from €5,156 to €15,486
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.
Result 2024
€34,489
Gross operating margin
+€24,841
Staff costs
-€28,972
Depreciation
-€12,429
Other operating charges
-€10,330
Financial income
+€2,303
Financial charges
+€10,910
Taxes
+€3,624
Deferred taxes and other
+€841
Result 2025
€25,277
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€42,927
Investment
-€52,422
Financing
+€17,820
Cash 2024
€104,731
From operations (derived)
+€42,927
Net result for the year
+€25,277
Depreciation
+€60,259
Stocks and contracts
-€63,724
Receivables within one year
-€6,079
Deferred charges and accrued income
+€705
Provisions
+€5,239
Trade debts
+€5,198
Tax, wage and social debts
+€16,056
Accrued charges and deferred income
-€4
Investment (derived)
-€52,422
Investment in fixed assets (net)
-€52,422
Financing
+€17,820
Debts after one year
-€14,118
Current portion of long-term debt
+€7,618
Contributions, distributions and other
+€24,320
Cash 2025
€113,056
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,199,499 | €1,269,085 | +€69,586 | +5.8% |
| Fixed assets | 21/28 | €742,432 | €734,594 | -€7,837 | -1.1% |
| Tangible fixed assets | 22/27 | €741,996 | €733,920 | -€8,075 | -1.1% |
| Land and buildings | 22 | €633,555 | €604,442 | -€29,113 | -4.6% |
| Plant, machinery and equipment | 23 | €107,877 | €97,412 | -€10,465 | -9.7% |
| Furniture and vehicles | 24 | €564 | €32,066 | +€31,502 | +5,587% |
| Financial fixed assets | 28 | €436 | €674 | +€238 | +54.6% |
| Current assets | 29/58 | €457,068 | €534,491 | +€77,423 | +16.9% |
| Stocks and contracts in progress | 3 | €229,492 | €293,216 | +€63,724 | +27.8% |
| Stocks | 30/36 | €229,492 | €293,216 | +€63,724 | +27.8% |
| Amounts receivable within one year | 40/41 | €119,806 | €125,885 | +€6,079 | +5.1% |
| Trade receivables | 40 | €98,447 | €108,888 | +€10,441 | +10.6% |
| Other amounts receivable | 41 | €21,359 | €16,997 | -€4,362 | -20.4% |
| Cash at bank and in hand | 54/58 | €104,731 | €113,056 | +€8,325 | +7.9% |
| Deferred charges and accrued income | 490/1 | €3,038 | €2,334 | -€705 | -23.2% |
| Total equity and liabilities | 10/49 | €1,199,499 | €1,269,085 | +€69,586 | +5.8% |
| Equity | 10/15 | €212,022 | €261,619 | +€49,597 | +23.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193,422 | €222,064 | +€28,642 | +14.8% |
| Distributable reserves | 133 | €193,422 | €222,064 | +€28,642 | +14.8% |
| Investment grants | 15 | - | €20,955 | +€20,955 | |
| Provisions and deferred taxes | 16 | - | €5,239 | +€5,239 | |
| Deferred taxes | 168 | - | €5,239 | +€5,239 | |
| Amounts payable | 17/49 | €987,477 | €1,002,227 | +€14,750 | +1.5% |
| Amounts payable after more than one year | 17 | €608,620 | €594,501 | -€14,118 | -2.3% |
| Financial debts | 170/4 | €608,620 | €594,501 | -€14,118 | -2.3% |
| Amounts payable within one year | 42/48 | €373,828 | €402,700 | +€28,872 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €44,602 | €52,220 | +€7,618 | +17.1% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €14,319 | €19,517 | +€5,198 | +36.3% |
| Suppliers | 440/4 | €14,319 | €17,677 | +€3,359 | +23.5% |
| Bills of exchange payable | 441 | - | €1,840 | +€1,840 | |
| Taxes, remuneration and social security | 45 | €63,707 | €79,763 | +€16,056 | +25.2% |
| Taxes | 450/3 | €63,707 | €73,168 | +€9,461 | +14.9% |
| Remuneration and social security | 454/9 | - | €6,595 | +€6,595 | |
| Other amounts payable | 47/48 | €1,200 | €1,200 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €5,030 | €5,026 | -€4 | -0.1% |
| Remuneration, social security and pensions | 62 | - | €28,972 | +€28,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,830 | €60,259 | +€12,429 | +26.0% |
| Other operating charges | 640/8 | €5,156 | €15,486 | +€10,330 | +200% |
| Gross operating margin | 9900 | €141,313 | €166,153 | +€24,841 | +17.6% |
| Operating profit (loss) | 9901 | €88,327 | €61,435 | -€26,891 | -30.4% |
| Financial income | 75/76B | €10,269 | €12,572 | +€2,303 | +22.4% |
| Recurring financial income | 75 | €10,269 | €12,572 | +€2,303 | +22.4% |
| Financial charges | 65/66B | €55,377 | €44,466 | -€10,910 | -19.7% |
| Recurring financial charges | 65 | €55,377 | €44,466 | -€10,910 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €43,219 | €29,542 | -€13,677 | -31.6% |
| Transfer from deferred taxes | 780 | - | €841 | +€841 | |
| Income taxes | 67/77 | €8,730 | €5,106 | -€3,624 | -41.5% |
| Profit (loss) for the period | 9904 | €34,489 | €25,277 | -€9,212 | -26.7% |
| Transfer from tax-exempt reserves | 789 | - | €3,365 | +€3,365 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,489 | €28,642 | -€5,847 | -17.0% |
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 23 October 2026 via checked.be.