REBAT
Annual accounts 2025
micro format, filed on 28-09-2026, 59 days lateMoney flows
of every €100 of turnover, €11.86 remains as profit in 2025Balance sheet
balance sheet total €303,699 on 31-12-2025in euro
in euro
Position in the sector
88.3%
Higher than 92% of 35,074 companies in 2025.
8.27
Higher than 92% of 34,450 companies in 2025.
8.6%
Higher than 54% of 34,650 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
303,699 | 290,536 | 291,566 | 243,816 | 186,988 | 188,651 | 190,333 | 184,780 | 140,784 | 161,391 | 127,639 | 142,495 | 161,503 | 194,476 | 134,006 | 111,139 | 78,295 | 117,728 | 133,637 | 169,496 | |
21/28 |
9,079 | 10,063 | 14,973 | 18,270 | 1,015 | 2,058 | 8,383 | 5,179 | 2,959 | 4,299 | 11,914 | 16,210 | 33,801 | 49,359 | 36,941 | 35,720 | 4,974 | 14,219 | 23,384 | 37,841 | |
22/27 |
8,848 | 9,832 | 14,742 | 18,039 | 784 | 1,827 | 8,152 | 4,948 | 2,728 | 4,068 | 11,683 | 15,979 | 33,570 | 49,128 | 36,710 | 35,489 | 4,743 | 13,988 | 23,153 | 37,610 | |
23 |
- | - | - | - | 207 | 673 | 1,509 | 2,345 | 2,147 | 1,705 | 527 | 941 | 1,858 | 3,701 | 6,132 | 2,338 | 485 | 647 | - | - | |
24 |
8,848 | 9,832 | 14,742 | 18,039 | - | - | 4,912 | 295 | 581 | 2,363 | 11,156 | 15,038 | 31,712 | 45,427 | 30,578 | 33,151 | 4,258 | 13,341 | 23,153 | 37,610 | |
26 |
- | - | - | - | 577 | 1,154 | 1,731 | 2,308 | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | 231 | |
29/58 |
294,620 | 280,473 | 276,593 | 225,546 | 185,973 | 186,593 | 181,950 | 179,601 | 137,825 | 157,092 | 115,725 | 126,285 | 127,702 | 145,117 | 97,065 | 75,419 | 73,321 | 103,509 | 110,253 | 131,655 | |
40/41 |
209,571 | 219,821 | 234,963 | 140,124 | 146,623 | 159,216 | 159,811 | 148,719 | 132,629 | 137,399 | 96,500 | 108,154 | 123,145 | 137,653 | 89,358 | 61,344 | 58,267 | 98,216 | 106,262 | 119,228 | |
40 |
89,372 | 114,877 | 141,034 | 73,343 | 61,605 | 70,881 | 80,661 | 59,045 | 53,619 | 61,250 | 42,011 | 34,920 | 62,162 | 78,590 | 33,423 | 27,038 | 33,324 | 38,324 | 42,230 | 63,260 | |
41 |
120,199 | 104,944 | 93,929 | 66,781 | 85,018 | 88,335 | 79,150 | 89,674 | 79,010 | 76,149 | 54,489 | 73,234 | 60,983 | 59,063 | 55,935 | 34,306 | 24,943 | 59,892 | 64,032 | 55,968 | |
54/58 |
85,049 | 50,652 | 41,630 | 85,422 | 39,350 | 27,377 | 20,889 | 30,282 | 4,596 | 19,093 | 18,625 | 17,531 | 4,557 | 7,464 | 7,707 | 14,075 | 15,054 | 5,293 | 3,991 | 12,427 | |
490/1 |
- | 10,000 | - | - | - | - | 1,250 | 600 | 600 | 600 | 600 | 600 | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
303,699 | 290,536 | 291,566 | 243,816 | 186,988 | 188,651 | 190,333 | 184,780 | 140,784 | 161,391 | 127,639 | 142,495 | 161,503 | 194,476 | 134,006 | 111,139 | 78,295 | 117,728 | 133,637 | 169,496 | |
10/15 |
268,078 | 241,829 | 189,228 | 170,273 | 160,941 | 143,689 | 152,364 | 131,160 | 113,794 | 102,657 | 90,435 | 85,444 | 89,503 | 85,080 | 69,021 | 53,275 | 47,041 | 34,326 | 40,413 | 26,602 | |
10/11 |
6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | |
100 |
- | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | - | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | |
13 |
57,859 | 31,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
130/1 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
56,000 | 30,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
204,022 | 203,773 | 181,172 | 162,217 | 152,885 | 135,633 | 144,308 | 123,104 | 105,738 | 94,601 | 82,379 | 77,388 | 81,447 | 77,024 | 60,965 | 45,219 | 38,985 | 26,270 | 32,357 | 18,546 | |
17/49 |
35,621 | 48,707 | 102,338 | 73,543 | 26,047 | 44,962 | 37,969 | 53,620 | 26,990 | 58,734 | 37,204 | 57,051 | 72,000 | 109,396 | 64,985 | 57,864 | 31,254 | 83,402 | 93,224 | 142,894 | |
17 |
- | - | - | - | - | - | - | - | - | - | 5,460 | 11,232 | 18,602 | 32,765 | 17,760 | 17,743 | - | 36,379 | 48,739 | 61,099 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | 5,460 | 11,232 | 18,602 | 32,765 | 17,760 | 17,743 | - | 36,379 | 48,739 | 61,099 | |
42/48 |
35,621 | 47,520 | 101,190 | 73,195 | 26,047 | 44,244 | 37,969 | 19,485 | 26,990 | 58,734 | 29,206 | 45,819 | 52,648 | 53,106 | 37,774 | 40,121 | 31,254 | 47,023 | 44,485 | 81,795 | |
42 |
- | - | - | - | - | - | - | - | 2,117 | 5,460 | 5,771 | 7,370 | 13,529 | 12,442 | 7,581 | 5,442 | 4,639 | 5,509 | 4,514 | 4,514 | |
43 |
- | - | 160 | - | - | - | - | - | - | - | - | 5,724 | 5,826 | 3,405 | - | - | - | - | - | - | |
430/8 |
- | - | 160 | - | - | - | - | - | - | - | - | 5,724 | 5,826 | 3,405 | - | - | - | - | - | - | |
44 |
11,051 | 490 | 9,522 | 4,046 | 16,965 | 31,658 | 20,111 | 14,702 | 12,830 | 9,682 | 12,990 | 23,413 | 24,418 | 20,351 | 10,391 | 23,117 | 13,082 | 24,841 | 23,882 | 65,590 | |
440/4 |
11,051 | 490 | 9,522 | 4,046 | 16,965 | 31,658 | 20,111 | 14,702 | 12,830 | 9,682 | 12,990 | 23,413 | 24,418 | 20,351 | 10,391 | 23,117 | 13,082 | 24,841 | 23,882 | 65,590 | |
46 |
- | - | - | - | 8,980 | 8,980 | 11,859 | - | - | - | 280 | 4,800 | - | - | 9,360 | - | - | - | - | - | |
45 |
24,570 | 47,030 | 56,508 | 34,149 | 102 | 3,606 | 5,999 | 4,783 | 12,043 | 23,592 | 10,165 | 4,512 | 8,875 | 16,908 | 10,442 | 11,562 | 10,535 | 16,673 | 16,089 | 11,691 | |
450/3 |
24,570 | 47,030 | 56,508 | 34,149 | 102 | 3,606 | - | 4,783 | 2,272 | 17,143 | 5,756 | - | 4,666 | 9,489 | 5,169 | 2,968 | 3,768 | 2,654 | 2,449 | - | |
454/9 |
- | - | - | - | - | - | 5,999 | - | 9,771 | 6,449 | 4,409 | 4,512 | 4,209 | 7,419 | 5,273 | 8,594 | 6,767 | 14,019 | 13,640 | 11,691 | |
47/48 |
- | - | 35,000 | 35,000 | - | - | - | - | - | 20,000 | - | - | - | - | - | - | 2,998 | - | - | - | |
492/3 |
- | 1,187 | 1,148 | 348 | - | 718 | - | 34,135 | - | - | 2,538 | - | 750 | 23,525 | 9,451 | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
70 |
221,240 | 294,662 | 355,326 | 329,153 | 331,892 | 361,326 | 472,987 | 349,838 | 364,905 | 367,353 | 352,328 | 350,638 | 279,353 | 315,016 | 311,775 | 295,056 | 305,059 | 260,176 | 265,541 | 318,293 | |
76A |
124 | - | 13,617 | - | - | - | - | - | - | - | 12,824 | - | 5,500 | - | - | 6,389 | - | - | - | - | |
9900 |
45,758 | 83,818 | 101,000 | 86,772 | 24,763 | -2,074 | 35,751 | 28,840 | 73,257 | 118,824 | 84,461 | 65,291 | 73,225 | 92,473 | 99,754 | 103,307 | 117,736 | 87,069 | 106,759 | 70,230 | |
60/61 |
175,606 | 210,844 | 267,943 | 242,381 | 307,129 | 363,400 | 437,236 | 320,998 | 291,648 | 248,529 | 267,868 | 285,347 | 206,128 | 222,543 | 212,021 | 191,749 | 187,323 | 173,107 | 158,782 | 248,063 | |
62 |
- | - | 318 | 307 | 303 | 300 | 198 | 234 | 50,196 | 47,963 | 49,594 | 48,502 | 44,896 | 45,594 | 60,281 | 82,538 | 79,723 | 78,869 | 78,801 | 46,912 | |
630 |
5,635 | 4,910 | 135 | 2,441 | 1,043 | 1,413 | 4,128 | 1,700 | 3,502 | 9,467 | 9,206 | 17,591 | 22,673 | 20,482 | 14,272 | 9,220 | 10,334 | 9,974 | 10,037 | 11,548 | |
640/8 |
950 | 1,241 | 1,223 | 1,831 | 2,315 | 3,213 | 3,105 | 2,843 | 2,441 | 1,919 | 4,403 | 1,999 | 1,900 | 1,687 | 1,338 | 7,689 | 1,479 | 2,168 | 1,648 | 889 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,387 | |
9901 |
39,173 | 77,667 | 99,324 | 82,193 | 21,102 | -7,000 | 28,320 | 24,063 | 17,118 | 59,475 | 21,258 | -2,801 | 3,756 | 24,710 | 23,863 | 3,860 | 26,200 | -3,942 | 16,273 | 10,881 | |
75/76B |
- | - | 3,128 | 37 | - | 1 | 2 | 21 | 2 | 2 | 31 | 5 | 61 | 72 | 113 | 150 | 259 | 6 | 16 | 55 | |
75 |
- | - | 3,128 | 37 | - | 1 | 2 | 21 | 2 | 2 | 31 | 5 | 61 | 72 | 113 | 150 | 259 | 6 | 16 | 55 | |
65/66B |
344 | 496 | 8,037 | 851 | 748 | 1,594 | 953 | 906 | 1,191 | 3,054 | 1,866 | 1,701 | 2,163 | 1,900 | 1,629 | 1,649 | 4,247 | 2,151 | 1,160 | 1,540 | |
65 |
344 | 496 | 667 | 851 | 748 | 909 | 953 | 906 | 1,191 | 3,054 | 1,866 | 1,701 | 2,163 | 1,900 | 1,629 | 1,649 | 4,247 | 2,151 | 1,160 | 1,540 | |
66B |
- | - | 7,370 | - | - | 685 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
38,829 | 77,171 | 94,415 | 81,379 | 20,354 | -8,593 | 27,369 | 23,178 | 15,929 | 56,423 | 32,247 | -4,497 | 7,154 | 22,882 | 22,347 | 8,750 | 22,212 | -6,087 | 15,129 | 2,009 | |
67/77 |
12,580 | 24,570 | 25,460 | 22,047 | 3,102 | 82 | 6,165 | 5,812 | 4,792 | 24,201 | 27,256 | -438 | 2,731 | 6,823 | 6,601 | 2,516 | 9,497 | - | 4,651 | 3,626 | |
9904 |
26,249 | 52,601 | 68,955 | 59,332 | 17,252 | -8,675 | 21,204 | 17,366 | 11,137 | 32,222 | 4,991 | -4,059 | 4,423 | 16,059 | 15,746 | 6,234 | 12,715 | -6,087 | 10,478 | -1,617 | |
9905 |
26,249 | 52,601 | 68,955 | 59,332 | 17,252 | -8,675 | 21,204 | 17,366 | 11,137 | 32,222 | 4,991 | -4,059 | 4,423 | 16,059 | 15,746 | 6,234 | 12,715 | -6,087 | 10,478 | -1,617 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
230,022 | 233,773 | 231,172 | 212,217 | 152,885 | 135,633 | 144,308 | 123,104 | 105,738 | 114,601 | 82,379 | 77,388 | 81,447 | 77,024 | 60,965 | 45,219 | 38,985 | 26,270 | 32,357 | 18,546 | |
14P |
203,773 | 181,172 | 162,217 | 152,885 | 135,633 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
26,000 | 30,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
26,000 | 30,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | 50,000 | 50,000 | - | - | - | - | - | 20,000 | - | - | - | - | - | - | - | - | - | - | |
694 |
- | - | - | - | - | - | - | - | - | 20,000 | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | 50,000 | 50,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | 1 | 1 | 1 | 1 | 1 | 1 | 1.3 | 2 | 2 | 1.9 | 1 | 1 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | 1,752 | 1,720 | 1,760 | 1,768 | 1,608 | 1,696 | 2,264 | 3,320 | 3,128 | 3,320 | 1,768 | 1,768 | |
| Document | |||||||||||||||||||||
The accounts for 10 older financial years (1996-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 59 days after the deadline. Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00546555.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-09-2026 | 2026-00546555 | |
| 31-12-2024 | micro format | 08-10-2025 | 2025-00540276 | |
| 31-12-2023 | micro format | 19-09-2024 | 2024-00465784 | |
| 31-12-2022 | micro format | 11-09-2023 | 2023-00446044 | |
| 31-12-2021 | micro format | 21-11-2022 | 2022-20523557 | |
| 31-12-2020 | micro format | 22-11-2021 | 2021-77900146 | |
| 31-12-2019 | micro format | 26-10-2020 | 2020-63100289 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68600052 | |
| 31-12-2017 | micro format | 03-09-2018 | 2018-62000033 | |
| 31-12-2016 | micro format | 08-09-2017 | 2017-60400522 | |
| 31-12-2015 | full format | 16-09-2016 | 2016-60100332 | |
| 31-12-2014 | full format | 10-09-2015 | 2015-58400160 | |
| 31-12-2013 | full format | 01-10-2014 | 2014-62800257 | |
| 31-12-2012 | full format | 31-08-2013 | 2013-55900034 | |
| 31-12-2011 | full format | 21-09-2012 | 2012-57100283 | |
| 31-12-2010 | full format | 30-08-2011 | 2011-49800248 | |
| 31-12-2009 | full format | 28-09-2010 | 2010-55300402 | |
| 31-12-2008 | full format | 04-12-2009 | 2009-87600141 | |
| 31-12-2007 | full format | 19-12-2008 | 2008-86100359 | |
| 31-12-2006 | full format | 21-05-2008 | 2008-15200323 | |
| 31-12-2005 | full format | 27-03-2007 | 2007-09404729 | |
| 31-12-2004 | full format | 16-12-2005 | 2005-90000027 | |
| 31-12-2003 | full format | 21-02-2005 | 2005-05500569 | |
| 31-12-2002 | full format | 30-01-2004 | 2004-03203500 | |
| 31-12-2001 | full format | 30-01-2003 | 2003-03005337 | |
| 31-12-2000 | full format | 27-02-2002 | 2002-05301136 | |
| 31-12-1999 | full format | 14-08-2001 | 2001-50104979 | |
| 31-12-1998 | full format | 20-04-2001 | 2001-10300839 | |
| 31-12-1997 | full format | 20-04-2001 | 2001-10300826 | |
| 31-12-1996 | full format | 20-04-2001 | 2001-10300813 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 44,808 | 82,577 | 99,459 | 84,634 | 22,145 | -5,587 | 32,448 | 25,763 | 20,620 | 68,942 | 30,464 | 14,790 | 26,429 | 45,192 | 38,135 | 13,080 | 36,534 | 6,032 | 26,310 | 22,429 | ||
| 31,884 | 57,511 | 69,090 | 61,773 | 18,295 | -7,262 | 25,332 | 19,066 | 14,639 | 41,689 | 14,197 | 13,532 | 27,096 | 36,541 | 30,018 | 15,454 | 23,049 | 3,887 | 20,515 | 9,931 | ||
| 4,651 | 0 | 14,876 | 19,696 | 0 | -4,912 | 7,332 | 3,920 | 2,162 | 1,852 | 6,950 | 0 | 7,115 | 32,900 | 15,493 | 43,494 | 1,089 | 809 | -4,420 | 26,482 | ||
| 34,397 | 9,022 | -43,792 | 46,072 | 11,973 | 6,488 | -9,393 | 25,686 | -14,497 | 468 | 1,094 | 12,974 | -2,907 | -243 | -6,368 | -979 | 9,761 | 1,302 | -8,436 | - | ||
| 258,999 | 232,953 | 175,403 | 152,351 | 159,926 | 142,349 | 143,981 | 160,116 | 110,835 | 98,358 | 86,519 | 80,466 | 75,054 | 92,011 | 59,291 | 35,298 | 42,067 | 56,486 | 65,768 | 49,860 | ||
| 17.7% | 26.4% | 28.0% | 25.0% | 6.4% | -1.9% | 6.0% | 6.9% | 4.7% | 16.2% | 6.0% | -0.8% | 1.3% | 7.8% | 7.7% | 1.3% | 8.6% | -1.5% | 6.1% | 3.4% | ||
| 88.3% | 83.2% | 64.9% | 69.8% | 86.1% | 76.2% | 80.1% | 71.0% | 80.8% | 63.6% | 70.9% | 60.0% | 55.4% | 43.7% | 51.5% | 47.9% | 60.1% | 29.2% | 30.2% | 15.7% | ||
| 8.27 | 5.90 | 2.73 | 3.08 | 7.14 | 4.22 | 4.79 | 9.22 | 5.11 | 2.67 | 3.96 | 2.76 | 2.43 | 2.73 | 2.57 | 1.88 | 2.35 | 2.20 | 2.48 | 1.61 | ||
| 0.13 | 0.20 | 0.54 | 0.43 | 0.16 | 0.31 | 0.25 | 0.41 | 0.24 | 0.57 | 0.41 | 0.67 | 0.80 | 1.29 | 0.94 | 1.09 | 0.66 | 2.43 | 2.31 | 5.37 | ||
| 9.8% | 21.8% | 36.4% | 34.8% | 10.7% | -6.0% | 13.9% | 13.2% | 9.8% | 31.4% | 5.5% | -4.8% | 4.9% | 18.9% | 22.8% | 11.7% | 27.0% | -17.7% | 25.9% | -6.1% | ||
| 8.6% | 18.1% | 23.6% | 24.3% | 9.2% | -4.6% | 11.1% | 9.4% | 7.9% | 20.0% | 3.9% | -2.8% | 2.7% | 8.3% | 11.8% | 5.6% | 16.2% | -5.2% | 7.8% | -1.0% | ||
| over 100 | over 100 | over 100 | 99.45 | 29.61 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 147 days | 142 days | 145 days | 81 days | 68 days | 72 days | 62 days | 62 days | 54 days | 61 days | 44 days | 36 days | 81 days | 91 days | 39 days | 33 days | 40 days | 54 days | 58 days | 73 days | ||
| 23 days | 1 day | 13 days | 6 days | 20 days | 32 days | 17 days | 17 days | 16 days | 14 days | 18 days | 30 days | 43 days | 33 days | 18 days | 44 days | 25 days | 52 days | 55 days | 97 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,651 | - | €14,876 | €19,696 | - |
| €5,635 | €4,910 | €135 | €2,441 | €1,043 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on REBAT
The operating result for 2025 is 50% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 16.8% to 11.7%. Equity is higher and debt is lower.