REGULEC: 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.
REGULEC
Largest movements
- Cash +€114,846
up €114,846 (+216%), from €53,104 to €167,950
mainly Debts after one year (+€150,000) and Net result for the year (+€23,288)
- Tangible fixed assets +€41,707
up €41,707 (+101%), from €41,094 to €82,801
of which Furniture and vehicles: +€38,898
- Debts after one year +€150,000
up €150,000 (+75.0%), from €200,000 to €350,000
- Tax, wage and social debts -€29,366
down €29,366 (-59.1%), from €49,697 to €20,331
of which Remuneration and social security: -€31,043
- Profit (loss) carried forward +€23,288
up €23,288 (+47.8%), from -€48,699 to -€25,411
- Trade debts +€22,598
up €22,598 (+112%), from €20,148 to €42,746
- Accrued charges and deferred income -€4,547
down €4,547 (-52.9%), from €8,600 to €4,053
- Staff costs -€39,514
down €39,514 (-12.7%), from €311,627 to €272,113
- Depreciation +€5,691
up €5,691 (+39.4%), from €14,448 to €20,138
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.
Derived cash bridge
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 | €259,598 | €421,572 | +€161,973 | +62.4% |
| Fixed assets | 21/28 | €43,714 | €85,436 | +€41,722 | +95.4% |
| Tangible fixed assets | 22/27 | €41,094 | €82,801 | +€41,707 | +101% |
| Plant, machinery and equipment | 23 | €430 | €3,238 | +€2,808 | +654% |
| Furniture and vehicles | 24 | €40,665 | €79,563 | +€38,898 | +95.7% |
| Financial fixed assets | 28 | €2,620 | €2,635 | +€15 | +0.6% |
| Current assets | 29/58 | €215,884 | €336,136 | +€120,252 | +55.7% |
| Stocks and contracts in progress | 3 | €21,457 | €21,117 | -€339 | -1.6% |
| Stocks | 30/36 | €21,457 | €21,117 | -€339 | -1.6% |
| Amounts receivable within one year | 40/41 | €139,002 | €141,228 | +€2,227 | +1.6% |
| Trade receivables | 40 | €129,644 | €111,818 | -€17,826 | -13.7% |
| Other amounts receivable | 41 | €9,358 | €29,411 | +€20,053 | +214% |
| Cash at bank and in hand | 54/58 | €53,104 | €167,950 | +€114,846 | +216% |
| Deferred charges and accrued income | 490/1 | €2,322 | €5,840 | +€3,518 | +152% |
| Total equity and liabilities | 10/49 | €259,598 | €421,572 | +€161,973 | +62.4% |
| Equity | 10/15 | -€18,846 | €4,442 | +€23,288 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €17,453 | €17,453 | = | 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% |
| Tax-exempt reserves | 132 | €15,593 | €15,593 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,699 | -€25,411 | +€23,288 | +47.8% |
| Amounts payable | 17/49 | €278,445 | €417,130 | +€138,685 | +49.8% |
| Amounts payable after more than one year | 17 | €200,000 | €350,000 | +€150,000 | +75.0% |
| Other amounts payable | 178/9 | €200,000 | €350,000 | +€150,000 | +75.0% |
| Amounts payable within one year | 42/48 | €69,845 | €63,077 | -€6,768 | -9.7% |
| Trade debts | 44 | €20,148 | €42,746 | +€22,598 | +112% |
| Suppliers | 440/4 | €20,148 | €42,746 | +€22,598 | +112% |
| Taxes, remuneration and social security | 45 | €49,697 | €20,331 | -€29,366 | -59.1% |
| Taxes | 450/3 | - | €1,677 | +€1,677 | |
| Remuneration and social security | 454/9 | €49,697 | €18,654 | -€31,043 | -62.5% |
| Accrued charges and deferred income | 492/3 | €8,600 | €4,053 | -€4,547 | -52.9% |
| Remuneration, social security and pensions | 62 | €311,627 | €272,113 | -€39,514 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,448 | €20,138 | +€5,691 | +39.4% |
| Other operating charges | 640/8 | €813 | €1,414 | +€601 | +73.9% |
| Gross operating margin | 9900 | €317,532 | €318,307 | +€775 | +0.2% |
| Operating profit (loss) | 9901 | -€9,356 | €24,642 | +€33,998 | |
| Financial income | 75/76B | €280 | €13 | -€267 | -95.4% |
| Recurring financial income | 75 | €280 | €13 | -€267 | -95.4% |
| Financial charges | 65/66B | €414 | €1,363 | +€948 | +229% |
| Recurring financial charges | 65 | €414 | €1,363 | +€948 | +229% |
| Profit (loss) for the period before taxes | 9903 | -€9,490 | €23,292 | +€32,782 | |
| Income taxes | 67/77 | - | €4 | +€4 | |
| Profit (loss) for the period | 9904 | -€9,490 | €23,288 | +€32,778 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,490 | €23,288 | +€32,778 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.