RGNL: what changed
Two fiscal 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.
RGNL
Largest movements
- Tangible fixed assets -€9,366
down €9,366 (-90.5%), from €10,351 to €985
- Receivables within one year -€7,264
down €7,264 (-25.3%), from €28,715 to €21,451
of which Other amounts receivable: -€20,088
- Cash -€3,062
down €3,062 (-14.5%), from €21,078 to €18,016
mainly Contributions, distributions and other (-€72,483) and Current portion of long-term debt (-€7,826)
- Profit (loss) carried forward -€42,909
down €42,909 (-100.0%), from €42,909 to €0
- Other debts +€29,584
new in 2025: €29,584
- Current portion of long-term debt -€7,826
down €7,826 (-91.5%), from €8,557 to €731
- Tax, wage and social debts +€2,200
up €2,200 (+43.1%), from €5,101 to €7,301
- Debts after one year -€731
down €731 (-100.0%), from €731 to €0
- Gross operating margin +€16,902
up €16,902 (+53.5%), from €31,576 to €48,478
- Taxes +€3,570
up €3,570 (+68.7%), from €5,196 to €8,766
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 | €60,643 | €40,952 | -€19,691 | -32.5% |
| Fixed assets | 21/28 | €10,351 | €985 | -€9,366 | -90.5% |
| Tangible fixed assets | 22/27 | €10,351 | €985 | -€9,366 | -90.5% |
| Furniture and vehicles | 24 | €10,351 | €985 | -€9,366 | -90.5% |
| Current assets | 29/58 | €50,293 | €39,967 | -€10,325 | -20.5% |
| Amounts receivable within one year | 40/41 | €28,715 | €21,451 | -€7,264 | -25.3% |
| Trade receivables | 40 | €6,927 | €19,751 | +€12,824 | +185.1% |
| Other amounts receivable | 41 | €21,788 | €1,700 | -€20,088 | -92.2% |
| Cash at bank and in hand | 54/58 | €21,078 | €18,016 | -€3,062 | -14.5% |
| Deferred charges and accrued income | 490/1 | €500 | €500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €60,643 | €40,952 | -€19,691 | -32.5% |
| Equity | 10/15 | €45,909 | €3,000 | -€42,909 | -93.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,909 | €0 | -€42,909 | -100.0% |
| Amounts payable | 17/49 | €14,735 | €37,952 | +€23,218 | +157.6% |
| Amounts payable after more than one year | 17 | €731 | €0 | -€731 | -100.0% |
| Financial debts | 170/4 | €731 | €0 | -€731 | -100.0% |
| Amounts payable within one year | 42/48 | €14,004 | €37,952 | +€23,949 | +171.0% |
| Current portion of amounts payable after more than one year | 42 | €8,557 | €731 | -€7,826 | -91.5% |
| Trade debts | 44 | €345 | €335 | -€9 | -2.7% |
| Suppliers | 440/4 | €345 | €335 | -€9 | -2.7% |
| Taxes, remuneration and social security | 45 | €5,101 | €7,301 | +€2,200 | +43.1% |
| Taxes | 450/3 | €5,101 | €7,301 | +€2,200 | +43.1% |
| Other amounts payable | 47/48 | - | €29,584 | +€29,584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,100 | €9,366 | +€266 | +2.9% |
| Other operating charges | 640/8 | €926 | €888 | -€38 | -4.1% |
| Gross operating margin | 9900 | €31,576 | €48,478 | +€16,902 | +53.5% |
| Operating profit (loss) | 9901 | €21,550 | €38,224 | +€16,674 | +77.4% |
| Financial income | 75/76B | €88 | €379 | +€292 | +333.3% |
| Recurring financial income | 75 | €88 | €379 | +€292 | +333.3% |
| Financial charges | 65/66B | €653 | €263 | -€390 | -59.7% |
| Recurring financial charges | 65 | €653 | €263 | -€390 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €20,984 | €38,340 | +€17,356 | +82.7% |
| Income taxes | 67/77 | €5,196 | €8,766 | +€3,570 | +68.7% |
| Profit (loss) for the period | 9904 | €15,788 | €29,574 | +€13,786 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,788 | €29,574 | +€13,786 | +87.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.