RGW IT SERVICES: 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.
RGW IT SERVICES
Largest movements
- Cash +€50,028
new in 2025: €50,028
mainly Receivables within one year (+€47,615) and Net result for the year (+€23,688)
- Receivables within one year -€47,615
down €47,615 (-49.7%), from €95,784 to €48,169
- Deferred charges and accrued income -€5,354
down €5,354 (-47.5%), from €11,274 to €5,920
- Financial fixed assets +€5,111
up €5,111 (+16.5%), from €31,000 to €36,111
- Tangible fixed assets -€2,620
down €2,620 (-10.5%), from €24,998 to €22,378
of which Plant, machinery and equipment: -€1,755
- Other debts -€29,493
down €29,493 (-94.1%), from €31,328 to €1,835
- Profit (loss) carried forward +€23,688
up €23,688 (+37.5%), from €63,240 to €86,928
- Trade debts +€10,309
up €10,309 (+33.1%), from €31,136 to €41,445
of which Suppliers: +€36,654
- Tax, wage and social debts -€9,238
down €9,238 (-40.6%), from €22,760 to €13,522
of which Taxes: -€6,656
- Debts after one year +€5,700
new in 2025: €5,700
- Financial income +€35,769
up €35,769 (+2783.6%), from €1,285 to €37,054
of which Non-recurring financial income: +€37,031
- Gross operating margin -€29,681
down €29,681 (-39.4%), from €75,326 to €45,645
- Taxes +€7,631
up €7,631 (+350.2%), from €2,179 to €9,810
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 | €163,056 | €162,606 | -€450 | -0.3% |
| Fixed assets | 21/28 | €55,998 | €58,489 | +€2,491 | +4.4% |
| Tangible fixed assets | 22/27 | €24,998 | €22,378 | -€2,620 | -10.5% |
| Plant, machinery and equipment | 23 | €8,602 | €6,847 | -€1,755 | -20.4% |
| Furniture and vehicles | 24 | €9,129 | €7,811 | -€1,318 | -14.4% |
| Leasing and similar rights | 25 | €3,042 | €2,668 | -€374 | -12.3% |
| Other tangible fixed assets | 26 | €4,225 | €5,052 | +€827 | +19.6% |
| Financial fixed assets | 28 | €31,000 | €36,111 | +€5,111 | +16.5% |
| Current assets | 29/58 | €107,058 | €104,117 | -€2,941 | -2.7% |
| Amounts receivable within one year | 40/41 | €95,784 | €48,169 | -€47,615 | -49.7% |
| Trade receivables | 40 | €95,784 | €48,169 | -€47,615 | -49.7% |
| Cash at bank and in hand | 54/58 | - | €50,028 | +€50,028 | |
| Deferred charges and accrued income | 490/1 | €11,274 | €5,920 | -€5,354 | -47.5% |
| Total equity and liabilities | 10/49 | €163,056 | €162,606 | -€450 | -0.3% |
| Equity | 10/15 | €71,400 | €95,088 | +€23,688 | +33.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,240 | €86,928 | +€23,688 | +37.5% |
| Amounts payable | 17/49 | €91,656 | €67,518 | -€24,138 | -26.3% |
| Amounts payable after more than one year | 17 | - | €5,700 | +€5,700 | |
| Other amounts payable | 178/9 | - | €5,700 | +€5,700 | |
| Amounts payable within one year | 42/48 | €91,598 | €61,818 | -€29,780 | -32.5% |
| Financial debts | 43 | €6,374 | €5,016 | -€1,358 | -21.3% |
| Credit institutions | 430/8 | €6,374 | €5,016 | -€1,358 | -21.3% |
| Trade debts | 44 | €31,136 | €41,445 | +€10,309 | +33.1% |
| Suppliers | 440/4 | €4,791 | €41,445 | +€36,654 | +765.1% |
| Bills of exchange payable | 441 | €26,345 | - | -€26,345 | |
| Taxes, remuneration and social security | 45 | €22,760 | €13,522 | -€9,238 | -40.6% |
| Taxes | 450/3 | €13,455 | €6,799 | -€6,656 | -49.5% |
| Remuneration and social security | 454/9 | €9,305 | €6,723 | -€2,582 | -27.7% |
| Other amounts payable | 47/48 | €31,328 | €1,835 | -€29,493 | -94.1% |
| Accrued charges and deferred income | 492/3 | €58 | - | -€58 | |
| Non-recurring operating income | 76A | €636 | - | -€636 | |
| Remuneration, social security and pensions | 62 | €39,771 | €39,479 | -€292 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,999 | €7,856 | -€143 | -1.8% |
| Other operating charges | 640/8 | €493 | €542 | +€49 | +9.9% |
| Gross operating margin | 9900 | €75,326 | €45,645 | -€29,681 | -39.4% |
| Operating profit (loss) | 9901 | €27,063 | -€2,232 | -€29,295 | |
| Financial income | 75/76B | €1,285 | €37,054 | +€35,769 | +2783.6% |
| Recurring financial income | 75 | €1,285 | €23 | -€1,262 | -98.2% |
| Non-recurring financial income | 76B | - | €37,031 | +€37,031 | |
| Financial charges | 65/66B | €1,240 | €1,324 | +€84 | +6.8% |
| Recurring financial charges | 65 | €1,240 | €1,324 | +€84 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €27,108 | €33,498 | +€6,390 | +23.6% |
| Income taxes | 67/77 | €2,179 | €9,810 | +€7,631 | +350.2% |
| Profit (loss) for the period | 9904 | €24,929 | €23,688 | -€1,241 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,929 | €23,688 | -€1,241 | -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 9 October 2026 via checked.be.