REBAT: what changed
REBAT
Largest movements
- Cash +€34,397
up €34,397 (+67.9%), from €50,652 to €85,049
mainly Net result for the year (+€26,249) and Trade debts (+€10,561)
- Receivables within one year -€10,250
down €10,250 (-4.7%), from €219,821 to €209,571
of which Trade receivables: -€25,505
- Deferred charges and accrued income -€10,000
no longer reported in 2025 (was €10,000)
- Reserves +€26,000
up €26,000 (+81.6%), from €31,859 to €57,859
of which Distributable reserves: +€26,000
- Tax, wage and social debts -€22,460
down €22,460 (-47.8%), from €47,030 to €24,570
- Trade debts +€10,561
up €10,561 (+2,155%), from €490 to €11,051
- Turnover -€73,422
down €73,422 (-24.9%), from €294,662 to €221,240
- Gross operating margin -€38,060
down €38,060 (-45.4%), from €83,818 to €45,758
- Purchases and services -€35,238
down €35,238 (-16.7%), from €210,844 to €175,606
- Taxes -€11,990
down €11,990 (-48.8%), from €24,570 to €12,580
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 | €290,536 | €303,699 | +€13,163 | +4.5% |
| Fixed assets | 21/28 | €10,063 | €9,079 | -€984 | -9.8% |
| Tangible fixed assets | 22/27 | €9,832 | €8,848 | -€984 | -10.0% |
| Furniture and vehicles | 24 | €9,832 | €8,848 | -€984 | -10.0% |
| Financial fixed assets | 28 | €231 | €231 | = | 0.0% |
| Current assets | 29/58 | €280,473 | €294,620 | +€14,147 | +5.0% |
| Amounts receivable within one year | 40/41 | €219,821 | €209,571 | -€10,250 | -4.7% |
| Trade receivables | 40 | €114,877 | €89,372 | -€25,505 | -22.2% |
| Other amounts receivable | 41 | €104,944 | €120,199 | +€15,255 | +14.5% |
| Cash at bank and in hand | 54/58 | €50,652 | €85,049 | +€34,397 | +67.9% |
| Deferred charges and accrued income | 490/1 | €10,000 | - | -€10,000 | |
| Total equity and liabilities | 10/49 | €290,536 | €303,699 | +€13,163 | +4.5% |
| Equity | 10/15 | €241,829 | €268,078 | +€26,249 | +10.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €31,859 | €57,859 | +€26,000 | +81.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €56,000 | +€26,000 | +86.7% |
| Profit (loss) carried forward | 14 | €203,773 | €204,022 | +€249 | +0.1% |
| Amounts payable | 17/49 | €48,707 | €35,621 | -€13,086 | -26.9% |
| Amounts payable within one year | 42/48 | €47,520 | €35,621 | -€11,899 | -25.0% |
| Trade debts | 44 | €490 | €11,051 | +€10,561 | +2,155% |
| Suppliers | 440/4 | €490 | €11,051 | +€10,561 | +2,155% |
| Taxes, remuneration and social security | 45 | €47,030 | €24,570 | -€22,460 | -47.8% |
| Taxes | 450/3 | €47,030 | €24,570 | -€22,460 | -47.8% |
| Accrued charges and deferred income | 492/3 | €1,187 | - | -€1,187 | |
| Turnover | 70 | €294,662 | €221,240 | -€73,422 | -24.9% |
| Non-recurring operating income | 76A | - | €124 | +€124 | |
| Goods, raw materials, services and sundry goods | 60/61 | €210,844 | €175,606 | -€35,238 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,910 | €5,635 | +€725 | +14.8% |
| Other operating charges | 640/8 | €1,241 | €950 | -€291 | -23.4% |
| Gross operating margin | 9900 | €83,818 | €45,758 | -€38,060 | -45.4% |
| Operating profit (loss) | 9901 | €77,667 | €39,173 | -€38,494 | -49.6% |
| Financial charges | 65/66B | €496 | €344 | -€152 | -30.6% |
| Recurring financial charges | 65 | €496 | €344 | -€152 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €77,171 | €38,829 | -€38,342 | -49.7% |
| Income taxes | 67/77 | €24,570 | €12,580 | -€11,990 | -48.8% |
| Profit (loss) for the period | 9904 | €52,601 | €26,249 | -€26,352 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,601 | €26,249 | -€26,352 | -50.1% |
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 7 November 2026 via checked.be.