RLG: 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.
RLG
Largest movements
- Receivables within one year +€91,163
up €91,163 (+56.2%), from €162,246 to €253,408
of which Trade receivables: +€61,244
- Cash -€15,040
down €15,040 (-37.6%), from €39,975 to €24,935
mainly Receivables within one year (-€91,163) and Other debts (-€27,454)
- Stocks and contracts -€8,087
down €8,087 (-79.5%), from €10,178 to €2,091
- Tangible fixed assets -€3,686
down €3,686 (-6.5%), from €56,441 to €52,755
of which Furniture and vehicles: -€13,120
- Trade debts +€52,722
up €52,722 (+330.2%), from €15,968 to €68,690
- Reserves +€52,325
up €52,325 (+83.7%), from €62,495 to €114,820
- Other debts -€27,454
down €27,454 (-38.0%), from €72,260 to €44,805
- Debts after one year -€12,529
down €12,529 (-40.2%), from €31,159 to €18,629
- Depreciation +€7,848
up €7,848 (+75.0%), from €10,469 to €18,317
- Taxes +€5,572
up €5,572 (+35.4%), from €15,756 to €21,328
- Staff costs +€3,953
new in 2024: €3,953
- Other operating charges -€1,338
down €1,338 (-37.0%), from €3,612 to €2,274
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €271,438 | €336,122 | +€64,684 | +23.8% |
| Fixed assets | 21/28 | €56,516 | €52,830 | -€3,686 | -6.5% |
| Tangible fixed assets | 22/27 | €56,441 | €52,755 | -€3,686 | -6.5% |
| Plant, machinery and equipment | 23 | €1,677 | €11,111 | +€9,434 | +562.6% |
| Furniture and vehicles | 24 | €54,764 | €41,644 | -€13,120 | -24.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €214,922 | €283,292 | +€68,370 | +31.8% |
| Stocks and contracts in progress | 3 | €10,178 | €2,091 | -€8,087 | -79.5% |
| Stocks | 30/36 | €10,178 | €2,091 | -€8,087 | -79.5% |
| Amounts receivable within one year | 40/41 | €162,246 | €253,408 | +€91,163 | +56.2% |
| Trade receivables | 40 | €136,889 | €198,132 | +€61,244 | +44.7% |
| Other amounts receivable | 41 | €25,357 | €55,276 | +€29,919 | +118.0% |
| Cash at bank and in hand | 54/58 | €39,975 | €24,935 | -€15,040 | -37.6% |
| Deferred charges and accrued income | 490/1 | €2,523 | €2,857 | +€334 | +13.2% |
| Total equity and liabilities | 10/49 | €271,438 | €336,122 | +€64,684 | +23.8% |
| Equity | 10/15 | €126,950 | €179,275 | +€52,325 | +41.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €62,495 | €114,820 | +€52,325 | +83.7% |
| Distributable reserves | 133 | €62,495 | €114,820 | +€52,325 | +83.7% |
| Profit (loss) carried forward | 14 | €49,455 | €49,455 | = | 0.0% |
| Amounts payable | 17/49 | €144,487 | €156,847 | +€12,359 | +8.6% |
| Amounts payable after more than one year | 17 | €31,159 | €18,629 | -€12,529 | -40.2% |
| Financial debts | 170/4 | €31,159 | €18,629 | -€12,529 | -40.2% |
| Amounts payable within one year | 42/48 | €113,329 | €138,218 | +€24,889 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €12,038 | €12,529 | +€491 | +4.1% |
| Trade debts | 44 | €15,968 | €68,690 | +€52,722 | +330.2% |
| Suppliers | 440/4 | €15,968 | €68,690 | +€52,722 | +330.2% |
| Taxes, remuneration and social security | 45 | €13,063 | €12,193 | -€870 | -6.7% |
| Taxes | 450/3 | €13,063 | €12,193 | -€870 | -6.7% |
| Other amounts payable | 47/48 | €72,260 | €44,805 | -€27,454 | -38.0% |
| Remuneration, social security and pensions | 62 | - | €3,953 | +€3,953 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,469 | €18,317 | +€7,848 | +75.0% |
| Other operating charges | 640/8 | €3,612 | €2,274 | -€1,338 | -37.0% |
| Gross operating margin | 9900 | €101,297 | €100,474 | -€823 | -0.8% |
| Operating profit (loss) | 9901 | €87,217 | €75,930 | -€11,287 | -12.9% |
| Financial income | 75/76B | - | €89 | +€89 | |
| Recurring financial income | 75 | - | €89 | +€89 | |
| Financial charges | 65/66B | €1,950 | €2,366 | +€416 | +21.3% |
| Recurring financial charges | 65 | €1,950 | €2,366 | +€416 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €85,267 | €73,653 | -€11,614 | -13.6% |
| Income taxes | 67/77 | €15,756 | €21,328 | +€5,572 | +35.4% |
| Profit (loss) for the period | 9904 | €69,511 | €52,325 | -€17,186 | -24.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,511 | €52,325 | -€17,186 | -24.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.