RGUEST: 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.
RGUEST
Largest movements
- Tangible fixed assets +€19,361
up €19,361 (+1717.0%), from €1,128 to €20,489
- Receivables within one year +€1,179
up €1,179 (+607.4%), from €194 to €1,373
of which Trade receivables: +€1,181
- Debts after one year +€55,000
new in 2025: €55,000
- Other debts -€26,012
down €26,012 (-77.6%), from €33,503 to €7,490
- Profit (loss) carried forward -€9,266
down €9,266 (-26.5%), from -€35,016 to -€44,282
- Accrued charges and deferred income +€774
new in 2025: €774
- Trade debts -€268
down €268 (-47.0%), from €569 to €302
- Depreciation +€3,999
up €3,999 (+201.9%), from €1,980 to €5,979
- Gross operating margin +€3,237
up €3,237 (+66.2%), from -€4,886 to -€1,649
- Other operating charges +€447
up €447 (+62.0%), from €720 to €1,167
- Taxes +€106
up €106 (+35.9%), from €297 to €403
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 | €1,853 | €22,187 | +€20,334 | +1097.3% |
| Fixed assets | 21/28 | €1,128 | €20,489 | +€19,361 | +1717.0% |
| Tangible fixed assets | 22/27 | €1,128 | €20,489 | +€19,361 | +1717.0% |
| Furniture and vehicles | 24 | €1,128 | €20,489 | +€19,361 | +1717.0% |
| Current assets | 29/58 | €725 | €1,698 | +€973 | +134.1% |
| Amounts receivable within one year | 40/41 | €194 | €1,373 | +€1,179 | +607.4% |
| Trade receivables | 40 | - | €1,181 | +€1,181 | |
| Other amounts receivable | 41 | €194 | €193 | -€1 | -0.8% |
| Cash at bank and in hand | 54/58 | €37 | €18 | -€19 | -51.3% |
| Deferred charges and accrued income | 490/1 | €495 | €307 | -€188 | -37.9% |
| Total equity and liabilities | 10/49 | €1,853 | €22,187 | +€20,334 | +1097.3% |
| Equity | 10/15 | -€32,516 | -€41,782 | -€9,266 | -28.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,016 | -€44,282 | -€9,266 | -26.5% |
| Amounts payable | 17/49 | €34,369 | €63,969 | +€29,600 | +86.1% |
| Amounts payable after more than one year | 17 | - | €55,000 | +€55,000 | |
| Financial debts | 170/4 | - | €55,000 | +€55,000 | |
| Amounts payable within one year | 42/48 | €34,369 | €8,195 | -€26,174 | -76.2% |
| Trade debts | 44 | €569 | €302 | -€268 | -47.0% |
| Suppliers | 440/4 | €569 | €302 | -€268 | -47.0% |
| Taxes, remuneration and social security | 45 | €297 | €403 | +€106 | +35.9% |
| Taxes | 450/3 | €297 | €403 | +€106 | +35.9% |
| Other amounts payable | 47/48 | €33,503 | €7,490 | -€26,012 | -77.6% |
| Accrued charges and deferred income | 492/3 | - | €774 | +€774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,980 | €5,979 | +€3,999 | +201.9% |
| Other operating charges | 640/8 | €720 | €1,167 | +€447 | +62.0% |
| Gross operating margin | 9900 | -€4,886 | -€1,649 | +€3,237 | +66.2% |
| Operating profit (loss) | 9901 | -€7,587 | -€8,795 | -€1,208 | -15.9% |
| Financial charges | 65/66B | €59 | €68 | +€9 | +14.9% |
| Recurring financial charges | 65 | €59 | €68 | +€9 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,646 | -€8,863 | -€1,217 | -15.9% |
| Income taxes | 67/77 | €297 | €403 | +€106 | +35.9% |
| Profit (loss) for the period | 9904 | -€7,943 | -€9,266 | -€1,323 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,943 | -€9,266 | -€1,323 | -16.7% |
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 6 October 2026 via checked.be.