RGX: 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.
RGX
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€199,307
down €199,307 (-58.8%), from €338,684 to €139,377
mainly Contributions, distributions and other (-€390,000) and Current investments (-€250,000)
- Receivables within one year -€46,404
down €46,404 (-59.8%), from €77,562 to €31,159
of which Trade receivables: -€50,174
- Tangible fixed assets -€13,697
down €13,697 (-33.9%), from €40,414 to €26,718
- Reserves -€252,758
down €252,758 (-61.2%), from €412,679 to €159,921
- Other debts +€136,973
up €136,973 (+2959.9%), from €4,628 to €141,600
- Debts after one year +€100,000
new in 2025: €100,000
- Tax, wage and social debts +€12,700
up €12,700 (+74.6%), from €17,033 to €29,733
- Trade debts -€7,568
down €7,568 (-77.4%), from €9,781 to €2,213
- Gross operating margin +€42,233
up €42,233 (+31.8%), from €132,657 to €174,890
- Financial income +€13,530
up €13,530 (+1380593.9%), from €1 to €13,531
of which Non-recurring financial income: +€13,531
- Taxes +€9,915
up €9,915 (+37.1%), from €26,720 to €36,635
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 | €464,581 | €453,928 | -€10,653 | -2.3% |
| Fixed assets | 21/28 | €41,514 | €26,718 | -€14,797 | -35.6% |
| Tangible fixed assets | 22/27 | €40,414 | €26,718 | -€13,697 | -33.9% |
| Furniture and vehicles | 24 | €40,414 | €26,718 | -€13,697 | -33.9% |
| Financial fixed assets | 28 | €1,100 | - | -€1,100 | |
| Current assets | 29/58 | €423,067 | €427,210 | +€4,143 | +1.0% |
| Amounts receivable within one year | 40/41 | €77,562 | €31,159 | -€46,404 | -59.8% |
| Trade receivables | 40 | €75,382 | €25,208 | -€50,174 | -66.6% |
| Other amounts receivable | 41 | €2,180 | €5,950 | +€3,770 | +173.0% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €338,684 | €139,377 | -€199,307 | -58.8% |
| Deferred charges and accrued income | 490/1 | €6,820 | €6,675 | -€146 | -2.1% |
| Total equity and liabilities | 10/49 | €464,581 | €453,928 | -€10,653 | -2.3% |
| Equity | 10/15 | €433,139 | €180,381 | -€252,758 | -58.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €412,679 | €159,921 | -€252,758 | -61.2% |
| Distributable reserves | 133 | €412,679 | €159,921 | -€252,758 | -61.2% |
| Amounts payable | 17/49 | €31,441 | €273,547 | +€242,105 | +770.0% |
| Amounts payable after more than one year | 17 | - | €100,000 | +€100,000 | |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Amounts payable within one year | 42/48 | €31,441 | €173,547 | +€142,105 | +452.0% |
| Trade debts | 44 | €9,781 | €2,213 | -€7,568 | -77.4% |
| Suppliers | 440/4 | €9,781 | €2,213 | -€7,568 | -77.4% |
| Taxes, remuneration and social security | 45 | €17,033 | €29,733 | +€12,700 | +74.6% |
| Taxes | 450/3 | €17,033 | €29,733 | +€12,700 | +74.6% |
| Other amounts payable | 47/48 | €4,628 | €141,600 | +€136,973 | +2959.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,037 | €13,697 | -€341 | -2.4% |
| Other operating charges | 640/8 | €1,020 | €697 | -€323 | -31.7% |
| Gross operating margin | 9900 | €132,657 | €174,890 | +€42,233 | +31.8% |
| Operating profit (loss) | 9901 | €117,599 | €160,496 | +€42,897 | +36.5% |
| Financial income | 75/76B | €1 | €13,531 | +€13,530 | +1380593.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -96.9% |
| Non-recurring financial income | 76B | - | €13,531 | +€13,531 | |
| Financial charges | 65/66B | €134 | €151 | +€17 | +12.7% |
| Recurring financial charges | 65 | €134 | €151 | +€17 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €117,467 | €173,876 | +€56,410 | +48.0% |
| Income taxes | 67/77 | €26,720 | €36,635 | +€9,915 | +37.1% |
| Profit (loss) for the period | 9904 | €90,747 | €137,242 | +€46,495 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,747 | €137,242 | +€46,495 | +51.2% |
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.