REBA: 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.
REBA
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+43.3%), from €3.2m to €4.6m
of which Land and buildings: +€1.4m
- Debts after one year +€896,621
up €896,621 (+48.9%), from €1.8m to €2.7m
- Short-term financial debts +€294,982
up €294,982 (+8,718%), from €3,384 to €298,366
- Other debts +€133,462
up €133,462 (+14.8%), from €900,237 to €1.0m
- Current portion of long-term debt +€61,187
up €61,187 (+29.0%), from €210,794 to €271,981
- Gross operating margin -€26,585
down €26,585 (-6.8%), from €392,283 to €365,698
- Depreciation +€23,816
up €23,816 (+13.5%), from €175,975 to €199,791
- Staff costs +€19,694
up €19,694 (+54.3%), from €36,247 to €55,941
- Taxes -€17,260
down €17,260 (-99.1%), from €17,421 to €161
- Financial charges +€14,228
up €14,228 (+21.1%), from €67,513 to €81,741
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 | €3,234,658 | €4,629,149 | +€1.4m | +43.1% |
| Fixed assets | 21/28 | €3,210,508 | €4,599,139 | +€1.4m | +43.3% |
| Tangible fixed assets | 22/27 | €3,210,508 | €4,599,139 | +€1.4m | +43.3% |
| Land and buildings | 22 | €3,207,548 | €4,597,659 | +€1.4m | +43.3% |
| Furniture and vehicles | 24 | €2,960 | €1,480 | -€1,480 | -50.0% |
| Current assets | 29/58 | €24,150 | €30,010 | +€5,861 | +24.3% |
| Amounts receivable within one year | 40/41 | €10,088 | €22,526 | +€12,439 | +123% |
| Other amounts receivable | 41 | €10,088 | €22,526 | +€12,439 | +123% |
| Cash at bank and in hand | 54/58 | €10,128 | €4,744 | -€5,384 | -53.2% |
| Deferred charges and accrued income | 490/1 | €3,934 | €2,740 | -€1,194 | -30.3% |
| Total equity and liabilities | 10/49 | €3,234,658 | €4,629,149 | +€1.4m | +43.1% |
| Equity | 10/15 | €272,473 | €262,024 | -€10,449 | -3.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €253,881 | €243,432 | -€10,449 | -4.1% |
| Non-distributable reserves | 130/1 | €12,830 | €12,830 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,830 | €12,830 | = | 0.0% |
| Distributable reserves | 133 | €241,051 | €230,602 | -€10,449 | -4.3% |
| Amounts payable | 17/49 | €2,962,185 | €4,367,125 | +€1.4m | +47.4% |
| Amounts payable after more than one year | 17 | €1,832,689 | €2,729,310 | +€896,621 | +48.9% |
| Financial debts | 170/4 | €1,832,689 | €2,729,310 | +€896,621 | +48.9% |
| Amounts payable within one year | 42/48 | €1,129,496 | €1,637,815 | +€508,319 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €210,794 | €271,981 | +€61,187 | +29.0% |
| Financial debts | 43 | €3,384 | €298,366 | +€294,982 | +8,718% |
| Credit institutions | 430/8 | €3,384 | €298,366 | +€294,982 | +8,718% |
| Trade debts | 44 | €1,868 | €26,514 | +€24,646 | +1,320% |
| Suppliers | 440/4 | €1,868 | €26,514 | +€24,646 | +1,320% |
| Taxes, remuneration and social security | 45 | €13,213 | €7,256 | -€5,957 | -45.1% |
| Taxes | 450/3 | €7,320 | - | -€7,320 | |
| Remuneration and social security | 454/9 | €5,893 | €7,256 | +€1,363 | +23.1% |
| Other amounts payable | 47/48 | €900,237 | €1,033,699 | +€133,462 | +14.8% |
| Remuneration, social security and pensions | 62 | €36,247 | €55,941 | +€19,694 | +54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,975 | €199,791 | +€23,816 | +13.5% |
| Other operating charges | 640/8 | €31,728 | €38,513 | +€6,785 | +21.4% |
| Gross operating margin | 9900 | €392,283 | €365,698 | -€26,585 | -6.8% |
| Operating profit (loss) | 9901 | €148,333 | €71,454 | -€76,880 | -51.8% |
| Financial charges | 65/66B | €67,513 | €81,741 | +€14,228 | +21.1% |
| Recurring financial charges | 65 | €67,513 | €81,741 | +€14,228 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €80,820 | -€10,287 | -€91,107 | |
| Income taxes | 67/77 | €17,421 | €161 | -€17,260 | -99.1% |
| Profit (loss) for the period | 9904 | €63,399 | -€10,449 | -€73,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,399 | -€10,449 | -€73,848 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.