RGI Projects: 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.
RGI Projects
Largest movements
- Cash -€15,956
down €15,956 (-37.3%), from €42,783 to €26,827
mainly Other debts (-€44,135) and Deferred charges and accrued income (-€4,129)
- Tangible fixed assets -€8,185
down €8,185 (-28.4%), from €28,818 to €20,633
of which Furniture and vehicles: -€7,605
- Deferred charges and accrued income +€4,129
up €4,129 (+304%), from €1,359 to €5,487
- Stocks and contracts +€2,601
up €2,601 (+22.2%), from €11,711 to €14,312
of which Contracts in progress: +€5,688
- Other debts -€44,135
down €44,135 (-99.1%), from €44,520 to €386
- Reserves +€21,145
up €21,145 (+42.8%), from €49,455 to €70,600
- Trade debts +€4,147
up €4,147 (+48.8%), from €8,500 to €12,647
- Tax, wage and social debts +€1,749
up €1,749 (+8.5%), from €20,615 to €22,365
of which Taxes: +€2,089
- Gross operating margin -€99,036
down €99,036 (-59.0%), from €167,808 to €68,772
- Staff costs -€50,220
down €50,220 (-63.0%), from €79,738 to €29,517
- Taxes -€10,804
down €10,804 (-56.3%), from €19,186 to €8,382
- Depreciation -€3,921
down €3,921 (-32.4%), from €12,106 to €8,185
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 | €125,591 | €108,865 | -€16,726 | -13.3% |
| Fixed assets | 21/28 | €28,818 | €20,633 | -€8,185 | -28.4% |
| Tangible fixed assets | 22/27 | €28,818 | €20,633 | -€8,185 | -28.4% |
| Plant, machinery and equipment | 23 | €2,028 | €1,448 | -€580 | -28.6% |
| Furniture and vehicles | 24 | €26,790 | €19,185 | -€7,605 | -28.4% |
| Current assets | 29/58 | €96,773 | €88,231 | -€8,542 | -8.8% |
| Stocks and contracts in progress | 3 | €11,711 | €14,312 | +€2,601 | +22.2% |
| Stocks | 30/36 | €11,711 | €8,624 | -€3,087 | -26.4% |
| Contracts in progress | 37 | - | €5,688 | +€5,688 | |
| Amounts receivable within one year | 40/41 | €40,920 | €41,605 | +€685 | +1.7% |
| Trade receivables | 40 | €40,920 | €37,519 | -€3,401 | -8.3% |
| Other amounts receivable | 41 | - | €4,086 | +€4,086 | |
| Cash at bank and in hand | 54/58 | €42,783 | €26,827 | -€15,956 | -37.3% |
| Deferred charges and accrued income | 490/1 | €1,359 | €5,487 | +€4,129 | +304% |
| Total equity and liabilities | 10/49 | €125,591 | €108,865 | -€16,726 | -13.3% |
| Equity | 10/15 | €51,955 | €73,100 | +€21,145 | +40.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €49,455 | €70,600 | +€21,145 | +42.8% |
| Distributable reserves | 133 | €49,455 | €70,600 | +€21,145 | +42.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,636 | €35,765 | -€37,871 | -51.4% |
| Amounts payable within one year | 42/48 | €73,636 | €35,397 | -€38,238 | -51.9% |
| Trade debts | 44 | €8,500 | €12,647 | +€4,147 | +48.8% |
| Suppliers | 440/4 | €8,500 | €12,647 | +€4,147 | +48.8% |
| Taxes, remuneration and social security | 45 | €20,615 | €22,365 | +€1,749 | +8.5% |
| Taxes | 450/3 | €13,040 | €15,129 | +€2,089 | +16.0% |
| Remuneration and social security | 454/9 | €7,576 | €7,236 | -€339 | -4.5% |
| Other amounts payable | 47/48 | €44,520 | €386 | -€44,135 | -99.1% |
| Accrued charges and deferred income | 492/3 | - | €367 | +€367 | |
| Remuneration, social security and pensions | 62 | €79,738 | €29,517 | -€50,220 | -63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,106 | €8,185 | -€3,921 | -32.4% |
| Other operating charges | 640/8 | €1,092 | €647 | -€444 | -40.7% |
| Non-recurring operating charges | 66A | - | €453 | +€453 | |
| Gross operating margin | 9900 | €167,808 | €68,772 | -€99,036 | -59.0% |
| Operating profit (loss) | 9901 | €74,872 | €29,969 | -€44,903 | -60.0% |
| Financial income | 75/76B | €1 | €146 | +€145 | +17,049% |
| Recurring financial income | 75 | €1 | €146 | +€145 | +17,049% |
| Financial charges | 65/66B | €232 | €587 | +€356 | +154% |
| Recurring financial charges | 65 | €232 | €587 | +€356 | +154% |
| Profit (loss) for the period before taxes | 9903 | €74,642 | €29,527 | -€45,114 | -60.4% |
| Income taxes | 67/77 | €19,186 | €8,382 | -€10,804 | -56.3% |
| Profit (loss) for the period | 9904 | €55,455 | €21,145 | -€34,311 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €55,455 | €21,145 | -€34,311 | -61.9% |
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 17 October 2026 via checked.be.