REBASER: 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.
REBASER
Largest movements
- Cash -€10,343
down €10,343 (-18.7%), from €55,229 to €44,886
mainly Contributions, distributions and other (-€98,000) and Investment in fixed assets (net) (-€9,959)
- Tangible fixed assets +€7,079
up €7,079 (+125.2%), from €5,653 to €12,732
of which Other tangible fixed assets: +€9,136
- Profit (loss) carried forward -€52,361
down €52,361 (-82.9%), from €63,148 to €10,787
- Other debts +€46,813
up €46,813 (+846.2%), from €5,532 to €52,345
- Tax, wage and social debts +€2,167
up €2,167 (+260.1%), from €833 to €3,000
of which Remuneration and social security: +€1,395
- Gross operating margin -€15,122
down €15,122 (-20.0%), from €75,761 to €60,639
- Taxes -€3,230
down €3,230 (-21.7%), from €14,865 to €11,635
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,312 | €68,901 | -€3,411 | -4.7% |
| Fixed assets | 21/28 | €5,653 | €12,732 | +€7,079 | +125.2% |
| Tangible fixed assets | 22/27 | €5,653 | €12,732 | +€7,079 | +125.2% |
| Furniture and vehicles | 24 | €3,469 | €1,413 | -€2,056 | -59.3% |
| Other tangible fixed assets | 26 | €2,184 | €11,320 | +€9,136 | +418.3% |
| Current assets | 29/58 | €66,659 | €56,168 | -€10,491 | -15.7% |
| Amounts receivable within one year | 40/41 | €11,335 | €11,187 | -€148 | -1.3% |
| Trade receivables | 40 | €10,350 | €9,600 | -€750 | -7.2% |
| Other amounts receivable | 41 | €985 | €1,587 | +€602 | +61.1% |
| Cash at bank and in hand | 54/58 | €55,229 | €44,886 | -€10,343 | -18.7% |
| Deferred charges and accrued income | 490/1 | €95 | €96 | +€1 | +0.6% |
| Total equity and liabilities | 10/49 | €72,312 | €68,901 | -€3,411 | -4.7% |
| Equity | 10/15 | €65,648 | €13,287 | -€52,361 | -79.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,148 | €10,787 | -€52,361 | -82.9% |
| Amounts payable | 17/49 | €6,664 | €55,614 | +€48,950 | +734.5% |
| Amounts payable within one year | 42/48 | €6,664 | €55,614 | +€48,950 | +734.5% |
| Trade debts | 44 | €299 | €269 | -€30 | -10.1% |
| Suppliers | 440/4 | €299 | €269 | -€30 | -10.1% |
| Taxes, remuneration and social security | 45 | €833 | €3,000 | +€2,167 | +260.1% |
| Taxes | 450/3 | €833 | €1,605 | +€772 | +92.7% |
| Remuneration and social security | 454/9 | - | €1,395 | +€1,395 | |
| Other amounts payable | 47/48 | €5,532 | €52,345 | +€46,813 | +846.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,320 | €2,880 | +€560 | +24.1% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.3% |
| Gross operating margin | 9900 | €75,761 | €60,639 | -€15,122 | -20.0% |
| Operating profit (loss) | 9901 | €73,054 | €57,359 | -€15,695 | -21.5% |
| Financial charges | 65/66B | €89 | €85 | -€4 | -4.0% |
| Recurring financial charges | 65 | €89 | €85 | -€4 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €72,965 | €57,273 | -€15,692 | -21.5% |
| Income taxes | 67/77 | €14,865 | €11,635 | -€3,230 | -21.7% |
| Profit (loss) for the period | 9904 | €58,100 | €45,639 | -€12,461 | -21.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,100 | €45,639 | -€12,461 | -21.4% |
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 9 October 2026 via checked.be.