REBANO: what changed
REBANO
Largest movements
- Receivables within one year +€361,647
up €361,647 (+422%), from €85,699 to €447,347
of which Other amounts receivable: +€390,005
- Cash -€51,299
down €51,299 (-46.0%), from €111,509 to €60,209
mainly Receivables within one year (-€361,647) and Debts after one year (-€44,116)
- Other debts +€230,910
up €230,910 (+578%), from €39,936 to €270,846
- Reserves +€103,156
up €103,156 (+59.2%), from €174,245 to €277,401
- Debts after one year -€44,116
down €44,116 (-92.3%), from €47,813 to €3,697
- Gross operating margin +€85,594
up €85,594 (+107%), from €79,762 to €165,356
- Taxes +€26,768
up €26,768 (+16,235%), from €165 to €26,933
- Staff costs +€7,638
up €7,638 (+26.7%), from €28,617 to €36,255
- Financial income +€4,872
up €4,872 (+896%), from €544 to €5,416
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,681,457 | €2,991,935 | +€310,478 | +11.6% |
| Fixed assets | 21/28 | €2,482,561 | €2,482,561 | = | 0.0% |
| Financial fixed assets | 28 | €2,482,561 | €2,482,561 | = | 0.0% |
| Current assets | 29/58 | €198,896 | €509,374 | +€310,478 | +156% |
| Amounts receivable within one year | 40/41 | €85,699 | €447,347 | +€361,647 | +422% |
| Trade receivables | 40 | €36,300 | €7,942 | -€28,358 | -78.1% |
| Other amounts receivable | 41 | €49,399 | €439,404 | +€390,005 | +789% |
| Cash at bank and in hand | 54/58 | €111,509 | €60,209 | -€51,299 | -46.0% |
| Deferred charges and accrued income | 490/1 | €1,688 | €1,818 | +€130 | +7.7% |
| Total equity and liabilities | 10/49 | €2,681,457 | €2,991,935 | +€310,478 | +11.6% |
| Equity | 10/15 | €2,524,245 | €2,627,401 | +€103,156 | +4.1% |
| Contributions | 10/11 | €2,350,000 | €2,350,000 | = | 0.0% |
| Reserves | 13 | €174,245 | €277,401 | +€103,156 | +59.2% |
| Distributable reserves | 133 | €174,245 | €277,401 | +€103,156 | +59.2% |
| Amounts payable | 17/49 | €157,212 | €364,534 | +€207,322 | +132% |
| Amounts payable after more than one year | 17 | €47,813 | €3,697 | -€44,116 | -92.3% |
| Financial debts | 170/4 | €47,813 | €3,697 | -€44,116 | -92.3% |
| Amounts payable within one year | 42/48 | €108,549 | €360,838 | +€252,289 | +232% |
| Current portion of amounts payable after more than one year | 42 | €47,297 | €47,773 | +€475 | +1.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,456 | €3,343 | -€1,113 | -25.0% |
| Suppliers | 440/4 | €4,456 | €3,343 | -€1,113 | -25.0% |
| Taxes, remuneration and social security | 45 | €16,860 | €38,876 | +€22,016 | +131% |
| Taxes | 450/3 | €11,092 | €30,880 | +€19,788 | +178% |
| Remuneration and social security | 454/9 | €5,768 | €7,996 | +€2,228 | +38.6% |
| Other amounts payable | 47/48 | €39,936 | €270,846 | +€230,910 | +578% |
| Accrued charges and deferred income | 492/3 | €850 | €0 | -€850 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €28,617 | €36,255 | +€7,638 | +26.7% |
| Other operating charges | 640/8 | €1,462 | €1,060 | -€402 | -27.5% |
| Gross operating margin | 9900 | €79,762 | €165,356 | +€85,594 | +107% |
| Operating profit (loss) | 9901 | €49,682 | €128,040 | +€78,357 | +158% |
| Financial income | 75/76B | €544 | €5,416 | +€4,872 | +896% |
| Recurring financial income | 75 | €544 | €5,416 | +€4,872 | +896% |
| Financial charges | 65/66B | €2,585 | €3,367 | +€783 | +30.3% |
| Recurring financial charges | 65 | €2,585 | €3,367 | +€783 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €47,642 | €130,089 | +€82,447 | +173% |
| Income taxes | 67/77 | €165 | €26,933 | +€26,768 | +16,235% |
| Profit (loss) for the period | 9904 | €47,477 | €103,156 | +€55,679 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €47,477 | €103,156 | +€55,679 | +117% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.