RGS Security: 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.
RGS Security
Largest movements
- Current investments +€221,000
up €221,000 (+699%), from €31,606 to €252,606
- Cash -€116,766
down €116,766 (-27.1%), from €431,608 to €314,842
mainly Current investments (-€221,000) and Contributions, distributions and other (-€60,000)
- Tangible fixed assets -€22,552
down €22,552 (-31.9%), from €70,633 to €48,081
of which Furniture and vehicles: -€20,862
- Reserves +€59,000
up €59,000 (+14.6%), from €404,860 to €463,860
of which Distributable reserves: +€59,000
- Other debts +€35,000
up €35,000 (+140%), from €25,000 to €60,000
- Debts after one year -€11,524
down €11,524 (-51.1%), from €22,536 to €11,012
- Tax, wage and social debts -€10,338
down €10,338 (-34.8%), from €29,729 to €19,391
- Gross operating margin -€20,064
down €20,064 (-9.3%), from €215,336 to €195,271
- Taxes -€11,462
down €11,462 (-18.6%), from €61,480 to €50,018
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 | €590,449 | €668,367 | +€77,918 | +13.2% |
| Fixed assets | 21/28 | €70,658 | €48,106 | -€22,552 | -31.9% |
| Tangible fixed assets | 22/27 | €70,633 | €48,081 | -€22,552 | -31.9% |
| Furniture and vehicles | 24 | €67,061 | €46,199 | -€20,862 | -31.1% |
| Other tangible fixed assets | 26 | €3,572 | €1,882 | -€1,689 | -47.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €519,791 | €620,261 | +€100,470 | +19.3% |
| Amounts receivable within one year | 40/41 | €53,577 | €49,643 | -€3,934 | -7.3% |
| Trade receivables | 40 | €23,648 | €22,356 | -€1,293 | -5.5% |
| Other amounts receivable | 41 | €29,929 | €27,288 | -€2,641 | -8.8% |
| Current investments | 50/53 | €31,606 | €252,606 | +€221,000 | +699% |
| Cash at bank and in hand | 54/58 | €431,608 | €314,842 | -€116,766 | -27.1% |
| Deferred charges and accrued income | 490/1 | €3,000 | €3,170 | +€171 | +5.7% |
| Total equity and liabilities | 10/49 | €590,449 | €668,367 | +€77,918 | +13.2% |
| Equity | 10/15 | €476,146 | €535,927 | +€59,781 | +12.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €404,860 | €463,860 | +€59,000 | +14.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,000 | €7,000 | = | 0.0% |
| Distributable reserves | 133 | €396,000 | €455,000 | +€59,000 | +14.9% |
| Profit (loss) carried forward | 14 | €65,086 | €65,867 | +€781 | +1.2% |
| Amounts payable | 17/49 | €114,302 | €132,440 | +€18,138 | +15.9% |
| Amounts payable after more than one year | 17 | €22,536 | €11,012 | -€11,524 | -51.1% |
| Financial debts | 170/4 | €22,536 | €11,012 | -€11,524 | -51.1% |
| Amounts payable within one year | 42/48 | €71,766 | €101,428 | +€29,662 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €11,036 | €11,524 | +€489 | +4.4% |
| Trade debts | 44 | €6,002 | €10,514 | +€4,512 | +75.2% |
| Suppliers | 440/4 | €6,002 | €10,514 | +€4,512 | +75.2% |
| Taxes, remuneration and social security | 45 | €29,729 | €19,391 | -€10,338 | -34.8% |
| Taxes | 450/3 | €29,729 | €19,391 | -€10,338 | -34.8% |
| Other amounts payable | 47/48 | €25,000 | €60,000 | +€35,000 | +140% |
| Accrued charges and deferred income | 492/3 | €20,000 | €20,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,901 | €24,202 | -€699 | -2.8% |
| Other operating charges | 640/8 | €988 | €885 | -€103 | -10.4% |
| Gross operating margin | 9900 | €215,336 | €195,271 | -€20,064 | -9.3% |
| Operating profit (loss) | 9901 | €189,447 | €170,185 | -€19,263 | -10.2% |
| Financial income | 75/76B | €614 | €1,279 | +€666 | +108% |
| Recurring financial income | 75 | €614 | €1,279 | +€666 | +108% |
| Financial charges | 65/66B | €2,528 | €1,665 | -€863 | -34.1% |
| Recurring financial charges | 65 | €2,528 | €1,665 | -€863 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €187,533 | €169,799 | -€17,734 | -9.5% |
| Income taxes | 67/77 | €61,480 | €50,018 | -€11,462 | -18.6% |
| Profit (loss) for the period | 9904 | €126,053 | €119,781 | -€6,273 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €126,053 | €119,781 | -€6,273 | -5.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.