RGS Team: 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.
RGS Team
Largest movements
- Cash +€68,991
up €68,991 (+220.8%), from €31,242 to €100,233
mainly Depreciation (+€77,265) and Other debts (+€26,371)
- Tangible fixed assets -€41,041
down €41,041 (-15.5%), from €265,586 to €224,545
of which Plant, machinery and equipment: -€45,737
- Receivables within one year -€8,101
down €8,101 (-52.9%), from €15,308 to €7,207
of which Other amounts receivable: -€4,640
- Other debts +€26,371
up €26,371 (+53.8%), from €49,031 to €75,403
- Current portion of long-term debt +€7,145
up €7,145 (+42.6%), from €16,753 to €23,898
- Tax, wage and social debts -€6,520
down €6,520 (-33.6%), from €19,415 to €12,894
of which Remuneration and social security: -€11,266
- Reserves -€5,480
down €5,480 (-5.7%), from €96,560 to €91,080
- Gross operating margin -€109,862
down €109,862 (-52.8%), from €207,918 to €98,056
- Taxes -€20,905
no longer reported in 2025 (was €20,905)
- Staff costs +€15,364
new in 2025: €15,364
- Depreciation -€2,085
down €2,085 (-2.6%), from €79,351 to €77,265
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 | €312,136 | €332,997 | +€20,860 | +6.7% |
| Fixed assets | 21/28 | €265,586 | €224,545 | -€41,041 | -15.5% |
| Tangible fixed assets | 22/27 | €265,586 | €224,545 | -€41,041 | -15.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €229,430 | €183,693 | -€45,737 | -19.9% |
| Furniture and vehicles | 24 | €33,580 | €38,579 | +€4,999 | +14.9% |
| Other tangible fixed assets | 26 | €2,576 | €2,273 | -€303 | -11.8% |
| Current assets | 29/58 | €46,550 | €108,452 | +€61,901 | +133.0% |
| Amounts receivable within one year | 40/41 | €15,308 | €7,207 | -€8,101 | -52.9% |
| Trade receivables | 40 | €10,237 | €6,776 | -€3,461 | -33.8% |
| Other amounts receivable | 41 | €5,071 | €431 | -€4,640 | -91.5% |
| Cash at bank and in hand | 54/58 | €31,242 | €100,233 | +€68,991 | +220.8% |
| Deferred charges and accrued income | 490/1 | - | €1,012 | +€1,012 | |
| Total equity and liabilities | 10/49 | €312,136 | €332,997 | +€20,860 | +6.7% |
| Equity | 10/15 | €101,560 | €96,080 | -€5,480 | -5.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €96,560 | €91,080 | -€5,480 | -5.7% |
| Distributable reserves | 133 | €96,560 | €91,080 | -€5,480 | -5.7% |
| Amounts payable | 17/49 | €210,576 | €236,917 | +€26,340 | +12.5% |
| Amounts payable after more than one year | 17 | €55,524 | €53,252 | -€2,272 | -4.1% |
| Financial debts | 170/4 | €55,524 | €53,252 | -€2,272 | -4.1% |
| Amounts payable within one year | 42/48 | €155,053 | €183,665 | +€28,613 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €16,753 | €23,898 | +€7,145 | +42.6% |
| Trade debts | 44 | €69,853 | €71,470 | +€1,617 | +2.3% |
| Suppliers | 440/4 | €69,853 | €71,470 | +€1,617 | +2.3% |
| Taxes, remuneration and social security | 45 | €19,415 | €12,894 | -€6,520 | -33.6% |
| Taxes | 450/3 | €6,028 | €10,773 | +€4,745 | +78.7% |
| Remuneration and social security | 454/9 | €13,386 | €2,121 | -€11,266 | -84.2% |
| Other amounts payable | 47/48 | €49,031 | €75,403 | +€26,371 | +53.8% |
| Non-recurring operating income | 76A | €7,793 | €449 | -€7,344 | -94.2% |
| Remuneration, social security and pensions | 62 | - | €15,364 | +€15,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,351 | €77,265 | -€2,085 | -2.6% |
| Other operating charges | 640/8 | €4,319 | €2,462 | -€1,858 | -43.0% |
| Non-recurring operating charges | 66A | - | €2,858 | +€2,858 | |
| Gross operating margin | 9900 | €207,918 | €98,056 | -€109,862 | -52.8% |
| Operating profit (loss) | 9901 | €124,248 | €107 | -€124,141 | -99.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +257.1% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +257.1% |
| Financial charges | 65/66B | €6,783 | €5,587 | -€1,196 | -17.6% |
| Recurring financial charges | 65 | €6,783 | €5,587 | -€1,196 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €117,465 | -€5,480 | -€122,945 | |
| Income taxes | 67/77 | €20,905 | - | -€20,905 | |
| Profit (loss) for the period | 9904 | €96,560 | -€5,480 | -€102,040 | |
| Profit (loss) for the period to be appropriated | 9905 | €96,560 | -€5,480 | -€102,040 |
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 8 October 2026 via checked.be.