Dirk Rebree: 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.
Dirk Rebree
Largest movements
- Cash +€57,563
up €57,563 (+19.1%), from €300,944 to €358,507
mainly Net result for the year (+€38,555) and Depreciation (+€36,715)
- Tangible fixed assets -€36,715
down €36,715 (-36.3%), from €101,124 to €64,410
of which Furniture and vehicles: -€35,708
- Reserves +€36,837
up €36,837 (+8.5%), from €431,301 to €468,138
of which Distributable reserves: +€36,837
- Tax, wage and social debts -€22,865
down €22,865 (-94.8%), from €24,125 to €1,259
- Gross operating margin -€21,982
down €21,982 (-18.5%), from €118,893 to €96,912
- Depreciation +€5,176
up €5,176 (+16.4%), from €31,539 to €36,715
- Financial charges +€1,299
up €1,299 (+383%), from €339 to €1,638
- Taxes -€1,278
down €1,278 (-6.3%), from €20,199 to €18,921
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 | €468,731 | €486,112 | +€17,381 | +3.7% |
| Fixed assets | 21/28 | €101,124 | €64,410 | -€36,715 | -36.3% |
| Tangible fixed assets | 22/27 | €101,124 | €64,410 | -€36,715 | -36.3% |
| Land and buildings | 22 | €2,619 | €2,268 | -€351 | -13.4% |
| Plant, machinery and equipment | 23 | €1,299 | €644 | -€655 | -50.4% |
| Furniture and vehicles | 24 | €97,206 | €61,498 | -€35,708 | -36.7% |
| Current assets | 29/58 | €367,607 | €421,702 | +€54,095 | +14.7% |
| Amounts receivable within one year | 40/41 | €59,945 | €56,057 | -€3,888 | -6.5% |
| Trade receivables | 40 | €42,390 | €30,967 | -€11,423 | -26.9% |
| Other amounts receivable | 41 | €17,555 | €25,090 | +€7,535 | +42.9% |
| Cash at bank and in hand | 54/58 | €300,944 | €358,507 | +€57,563 | +19.1% |
| Deferred charges and accrued income | 490/1 | €6,718 | €7,138 | +€421 | +6.3% |
| Total equity and liabilities | 10/49 | €468,731 | €486,112 | +€17,381 | +3.7% |
| Equity | 10/15 | €443,701 | €480,538 | +€36,837 | +8.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €431,301 | €468,138 | +€36,837 | +8.5% |
| Tax-exempt reserves | 132 | €57,034 | €57,034 | = | 0.0% |
| Distributable reserves | 133 | €374,267 | €411,103 | +€36,837 | +9.8% |
| Amounts payable | 17/49 | €25,031 | €5,574 | -€19,456 | -77.7% |
| Amounts payable within one year | 42/48 | €25,031 | €5,574 | -€19,456 | -77.7% |
| Trade debts | 44 | €906 | €4,315 | +€3,409 | +376% |
| Suppliers | 440/4 | €906 | €4,315 | +€3,409 | +376% |
| Taxes, remuneration and social security | 45 | €24,125 | €1,259 | -€22,865 | -94.8% |
| Taxes | 450/3 | €24,125 | €1,259 | -€22,865 | -94.8% |
| Non-recurring operating income | 76A | €974 | €9,500 | +€8,526 | +876% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,539 | €36,715 | +€5,176 | +16.4% |
| Other operating charges | 640/8 | €3,871 | €3,554 | -€317 | -8.2% |
| Non-recurring operating charges | 66A | €5,167 | - | -€5,167 | |
| Gross operating margin | 9900 | €118,893 | €96,912 | -€21,982 | -18.5% |
| Operating profit (loss) | 9901 | €78,317 | €56,643 | -€21,674 | -27.7% |
| Financial income | 75/76B | €1,975 | €2,471 | +€495 | +25.1% |
| Recurring financial income | 75 | €1,975 | €2,471 | +€495 | +25.1% |
| Financial charges | 65/66B | €339 | €1,638 | +€1,299 | +383% |
| Recurring financial charges | 65 | €339 | €1,638 | +€1,299 | +383% |
| Profit (loss) for the period before taxes | 9903 | €79,953 | €57,476 | -€22,477 | -28.1% |
| Income taxes | 67/77 | €20,199 | €18,921 | -€1,278 | -6.3% |
| Profit (loss) for the period | 9904 | €59,754 | €38,555 | -€21,199 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,754 | €38,555 | -€21,199 | -35.5% |
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 17 October 2026 via checked.be.