RGMC: 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.
RGMC
Largest movements
- Receivables within one year +€79,130
up €79,130, from €0 to €79,130
of which Other amounts receivable: +€79,130
- Cash -€74,808
down €74,808 (-66.0%), from €113,418 to €38,610
mainly Receivables within one year (-€79,130) and Trade debts (-€6,227)
- Tangible fixed assets -€18,796
down €18,796 (-7.6%), from €247,439 to €228,643
of which Land and buildings: -€11,504
- Trade debts -€6,227
down €6,227 (-97.2%), from €6,408 to €182
- Tax, wage and social debts -€6,137
down €6,137 (-100.0%), from €6,137 to €0
- Financial income -€7,258
down €7,258 (-100.0%), from €7,258 to €0
- Gross operating margin +€5,700
up €5,700 (+37.9%), from €15,052 to €20,752
- Other operating charges -€4,862
down €4,862 (-71.1%), from €6,839 to €1,976
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 | €405,245 | €390,883 | -€14,362 | -3.5% |
| Fixed assets | 21/28 | €247,589 | €228,793 | -€18,796 | -7.6% |
| Tangible fixed assets | 22/27 | €247,439 | €228,643 | -€18,796 | -7.6% |
| Land and buildings | 22 | €227,637 | €216,133 | -€11,504 | -5.1% |
| Plant, machinery and equipment | 23 | €12,142 | €10,083 | -€2,060 | -17.0% |
| Furniture and vehicles | 24 | €7,660 | €2,427 | -€5,233 | -68.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €157,656 | €162,090 | +€4,434 | +2.8% |
| Amounts receivable within one year | 40/41 | €0 | €79,130 | +€79,130 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €79,130 | +€79,130 | |
| Current investments | 50/53 | €43,622 | €43,730 | +€108 | +0.2% |
| Cash at bank and in hand | 54/58 | €113,418 | €38,610 | -€74,808 | -66.0% |
| Deferred charges and accrued income | 490/1 | €616 | €621 | +€5 | +0.8% |
| Total equity and liabilities | 10/49 | €405,245 | €390,883 | -€14,362 | -3.5% |
| Equity | 10/15 | €387,974 | €386,202 | -€1,773 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €362,922 | €361,150 | -€1,773 | -0.5% |
| Distributable reserves | 133 | €362,922 | €361,150 | -€1,773 | -0.5% |
| Profit (loss) carried forward | 14 | €6,452 | €6,452 | = | 0.0% |
| Amounts payable | 17/49 | €17,271 | €4,682 | -€12,589 | -72.9% |
| Amounts payable within one year | 42/48 | €17,271 | €4,682 | -€12,589 | -72.9% |
| Trade debts | 44 | €6,408 | €182 | -€6,227 | -97.2% |
| Suppliers | 440/4 | €6,408 | €182 | -€6,227 | -97.2% |
| Taxes, remuneration and social security | 45 | €6,137 | €0 | -€6,137 | -100.0% |
| Taxes | 450/3 | €6,137 | €0 | -€6,137 | -100.0% |
| Other amounts payable | 47/48 | €4,725 | €4,500 | -€225 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,517 | €20,412 | -€105 | -0.5% |
| Other operating charges | 640/8 | €6,839 | €1,976 | -€4,862 | -71.1% |
| Gross operating margin | 9900 | €15,052 | €20,752 | +€5,700 | +37.9% |
| Operating profit (loss) | 9901 | -€12,304 | -€1,636 | +€10,668 | +86.7% |
| Financial income | 75/76B | €7,258 | €0 | -€7,258 | -100.0% |
| Recurring financial income | 75 | €7,258 | €0 | -€7,258 | -100.0% |
| Financial charges | 65/66B | €221 | €136 | -€84 | -38.3% |
| Recurring financial charges | 65 | €221 | €136 | -€84 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,266 | -€1,773 | +€3,494 | +66.3% |
| Income taxes | 67/77 | €53 | €0 | -€53 | -100.0% |
| Profit (loss) for the period | 9904 | -€5,319 | -€1,773 | +€3,547 | +66.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,319 | -€1,773 | +€3,547 | +66.7% |
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 12 October 2026 via checked.be.