RGR TERRAINS: 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.
RGR TERRAINS
Largest movements
- Stocks and contracts -€302,619
down €302,619 (-47.6%), from €635,443 to €332,823
- Cash -€200,934
down €200,934 (-83.8%), from €239,748 to €38,814
mainly Short-term financial debts (-€326,005) and Other debts (-€166,556)
- Receivables within one year +€38,133
up €38,133 (+140,040%), from €27 to €38,160
of which Other amounts receivable: +€38,133
- Short-term financial debts -€326,005
down €326,005 (-71.3%), from €457,500 to €131,495
- Other debts -€166,556
down €166,556 (-97.8%), from €170,256 to €3,701
- Reserves +€28,012
up €28,012 (+47.0%), from €59,644 to €87,656
- Gross operating margin -€66,905
down €66,905 (-48.9%), from €136,692 to €69,787
- Taxes -€17,382
down €17,382 (-56.9%), from €30,563 to €13,181
- Financial charges -€6,441
down €6,441 (-19.4%), from €33,257 to €26,816
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 | €875,218 | €409,797 | -€465,421 | -53.2% |
| Current assets | 29/58 | €875,218 | €409,797 | -€465,421 | -53.2% |
| Stocks and contracts in progress | 3 | €635,443 | €332,823 | -€302,619 | -47.6% |
| Stocks | 30/36 | €635,443 | €332,823 | -€302,619 | -47.6% |
| Amounts receivable within one year | 40/41 | €27 | €38,160 | +€38,133 | +140,040% |
| Trade receivables | 40 | €27 | €27 | = | 0.0% |
| Other amounts receivable | 41 | - | €38,133 | +€38,133 | |
| Cash at bank and in hand | 54/58 | €239,748 | €38,814 | -€200,934 | -83.8% |
| Total equity and liabilities | 10/49 | €875,218 | €409,797 | -€465,421 | -53.2% |
| Equity | 10/15 | €64,654 | €92,666 | +€28,012 | +43.3% |
| Contributions | 10/11 | €5,010 | €5,010 | = | 0.0% |
| Reserves | 13 | €59,644 | €87,656 | +€28,012 | +47.0% |
| Distributable reserves | 133 | €59,644 | €87,656 | +€28,012 | +47.0% |
| Amounts payable | 17/49 | €810,564 | €317,131 | -€493,433 | -60.9% |
| Amounts payable after more than one year | 17 | €140,000 | €140,000 | = | 0.0% |
| Financial debts | 170/4 | €140,000 | €140,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €658,784 | €166,603 | -€492,182 | -74.7% |
| Financial debts | 43 | €457,500 | €131,495 | -€326,005 | -71.3% |
| Credit institutions | 430/8 | €457,500 | €131,495 | -€326,005 | -71.3% |
| Trade debts | 44 | €465 | €163 | -€302 | -64.9% |
| Suppliers | 440/4 | €465 | €163 | -€302 | -64.9% |
| Taxes, remuneration and social security | 45 | €30,563 | €31,244 | +€681 | +2.2% |
| Taxes | 450/3 | €30,563 | €31,244 | +€681 | +2.2% |
| Other amounts payable | 47/48 | €170,256 | €3,701 | -€166,556 | -97.8% |
| Accrued charges and deferred income | 492/3 | €11,780 | €10,528 | -€1,251 | -10.6% |
| Other operating charges | 640/8 | €1,000 | €1,778 | +€778 | +77.9% |
| Gross operating margin | 9900 | €136,692 | €69,787 | -€66,905 | -48.9% |
| Operating profit (loss) | 9901 | €135,692 | €68,009 | -€67,683 | -49.9% |
| Financial charges | 65/66B | €33,257 | €26,816 | -€6,441 | -19.4% |
| Recurring financial charges | 65 | €33,257 | €26,816 | -€6,441 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €102,435 | €41,193 | -€61,242 | -59.8% |
| Income taxes | 67/77 | €30,563 | €13,181 | -€17,382 | -56.9% |
| Profit (loss) for the period | 9904 | €71,872 | €28,012 | -€43,860 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,872 | €28,012 | -€43,860 | -61.0% |
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 30 October 2026 via checked.be.