REBABO: 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.
What changed
REBABO
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,254
2024 · -€4,524+€16,777
Equity
€2.1m
2024 · €2.1m+€12,254
Cash
€96,258
2024 · €46,475+€49,783
Balance sheet total
€5.0m
2024 · €5.6m-€560,981
Largest movements
Assets
- Receivables within one year -€692,720
down €692,720 (-27.3%), from €2.5m to €1.8m
of which Other amounts receivable: -€408,305
- Stocks and contracts +€260,130
up €260,130 (+66.8%), from €389,496 to €649,626
- Tangible fixed assets -€187,898
down €187,898 (-7.5%), from €2.5m to €2.3m
Equity and liabilities
- Other debts -€324,858
down €324,858 (-14.2%), from €2.3m to €2.0m
- Short-term financial debts -€108,087
down €108,087 (-36.3%), from €298,087 to €190,000
- Debts after one year -€102,801
down €102,801 (-29.7%), from €346,338 to €243,537
of which Financial debts: -€103,146
- Tax, wage and social debts +€57,051
up €57,051 (+159.5%), from €35,763 to €92,815
of which Taxes: +€36,757
- Trade debts -€56,458
down €56,458 (-23.9%), from €235,981 to €179,523
Income statement
- Gross operating margin +€16,921
up €16,921 (+2.4%), from €710,016 to €726,936
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.
Result 2024
-€4,524
Gross operating margin
+€16,921
Staff costs
+€3,120
Depreciation
-€6,905
Other operating charges
-€576
Financial charges
+€3,083
Taxes
+€1,134
Result 2025
€12,254
Cash bridge derived
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.
From operations
+€412,989
Investment
-€114,756
Financing
-€248,450
Cash 2024
€46,475
From operations (derived)
+€412,989
Net result for the year
+€12,254
Depreciation
+€305,154
Stocks and contracts
-€260,130
Receivables within one year
+€692,720
Deferred charges and accrued income
-€12,223
Trade debts
-€56,458
Tax, wage and social debts
+€57,051
Other debts
-€324,858
Accrued charges and deferred income
-€520
Investment (derived)
-€114,756
Investment in fixed assets (net)
-€114,756
Financing
-€248,450
Debts after one year
-€102,801
Current portion of long-term debt
-€37,562
Short-term financial debts
-€108,087
Cash 2025
€96,258
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,550,829 | €4,989,848 | -€560,981 | -10.1% |
| Fixed assets | 21/28 | €2,533,860 | €2,343,462 | -€190,398 | -7.5% |
| Intangible fixed assets | 21 | €12,493 | €9,993 | -€2,500 | -20.0% |
| Tangible fixed assets | 22/27 | €2,521,232 | €2,333,334 | -€187,898 | -7.5% |
| Land and buildings | 22 | €1,769,556 | €1,675,825 | -€93,731 | -5.3% |
| Plant, machinery and equipment | 23 | €93,110 | €64,848 | -€28,262 | -30.4% |
| Furniture and vehicles | 24 | €658,566 | €592,661 | -€65,905 | -10.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €3,016,969 | €2,646,386 | -€370,583 | -12.3% |
| Stocks and contracts in progress | 3 | €389,496 | €649,626 | +€260,130 | +66.8% |
| Stocks | 30/36 | €389,496 | €649,626 | +€260,130 | +66.8% |
| Amounts receivable within one year | 40/41 | €2,541,897 | €1,849,178 | -€692,720 | -27.3% |
| Trade receivables | 40 | €302,302 | €17,888 | -€284,414 | -94.1% |
| Other amounts receivable | 41 | €2,239,595 | €1,831,290 | -€408,305 | -18.2% |
| Cash at bank and in hand | 54/58 | €46,475 | €96,258 | +€49,783 | +107.1% |
| Deferred charges and accrued income | 490/1 | €39,100 | €51,324 | +€12,223 | +31.3% |
| Total equity and liabilities | 10/49 | €5,550,829 | €4,989,848 | -€560,981 | -10.1% |
| Equity | 10/15 | €2,127,637 | €2,139,890 | +€12,254 | +0.6% |
| Contributions | 10/11 | €288,600 | €288,600 | = | 0.0% |
| Revaluation surpluses | 12 | €1,078,813 | €1,036,647 | -€42,166 | -3.9% |
| Reserves | 13 | €403,464 | €445,630 | +€42,166 | +10.5% |
| Tax-exempt reserves | 132 | €93,500 | €93,500 | = | 0.0% |
| Distributable reserves | 133 | €309,964 | €352,130 | +€42,166 | +13.6% |
| Profit (loss) carried forward | 14 | €356,760 | €369,013 | +€12,254 | +3.4% |
| Amounts payable | 17/49 | €3,423,192 | €2,849,957 | -€573,235 | -16.7% |
| Amounts payable after more than one year | 17 | €346,338 | €243,537 | -€102,801 | -29.7% |
| Financial debts | 170/4 | €341,868 | €238,722 | -€103,146 | -30.2% |
| Other amounts payable | 178/9 | €4,470 | €4,815 | +€345 | +7.7% |
| Amounts payable within one year | 42/48 | €3,076,334 | €2,606,420 | -€469,914 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €220,841 | €183,279 | -€37,562 | -17.0% |
| Financial debts | 43 | €298,087 | €190,000 | -€108,087 | -36.3% |
| Credit institutions | 430/8 | €298,087 | €190,000 | -€108,087 | -36.3% |
| Trade debts | 44 | €235,981 | €179,523 | -€56,458 | -23.9% |
| Suppliers | 440/4 | €235,981 | €179,523 | -€56,458 | -23.9% |
| Taxes, remuneration and social security | 45 | €35,763 | €92,815 | +€57,051 | +159.5% |
| Taxes | 450/3 | €29,562 | €66,319 | +€36,757 | +124.3% |
| Remuneration and social security | 454/9 | €6,201 | €26,495 | +€20,295 | +327.3% |
| Other amounts payable | 47/48 | €2,285,662 | €1,960,804 | -€324,858 | -14.2% |
| Accrued charges and deferred income | 492/3 | €520 | - | -€520 | |
| Remuneration, social security and pensions | 62 | €323,557 | €320,436 | -€3,120 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €298,249 | €305,154 | +€6,905 | +2.3% |
| Other operating charges | 640/8 | €27,344 | €27,920 | +€576 | +2.1% |
| Gross operating margin | 9900 | €710,016 | €726,936 | +€16,921 | +2.4% |
| Operating profit (loss) | 9901 | €60,866 | €73,427 | +€12,561 | +20.6% |
| Financial charges | 65/66B | €40,818 | €37,735 | -€3,083 | -7.6% |
| Recurring financial charges | 65 | €40,818 | €37,735 | -€3,083 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €20,048 | €35,692 | +€15,644 | +78.0% |
| Income taxes | 67/77 | €24,572 | €23,438 | -€1,134 | -4.6% |
| Profit (loss) for the period | 9904 | -€4,524 | €12,254 | +€16,777 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,524 | €12,254 | +€16,777 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.