Rebatch: 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.
Rebatch
Largest movements
- Receivables within one year +€53,789
up €53,789 (+47.9%), from €112,335 to €166,124
of which Trade receivables: +€60,846
- Tangible fixed assets -€8,709
down €8,709 (-19.2%), from €45,287 to €36,577
- Other debts +€374,799
up €374,799 (+77.3%), from €484,985 to €859,784
- Profit (loss) carried forward -€352,628
down €352,628 (-63.3%), from -€556,840 to -€909,468
- Tax, wage and social debts +€25,900
up €25,900 (+54.4%), from €47,621 to €73,522
of which Taxes: +€23,982
- Trade debts -€3,126
down €3,126 (-2.4%), from €129,451 to €126,325
- Gross operating margin -€40,381
down €40,381 (-25.4%), from €159,194 to €118,813
- Purchases and services +€39,285
up €39,285 (+6.3%), from €621,154 to €660,440
- Turnover -€36,119
down €36,119 (-4.6%), from €780,941 to €744,822
- Financial charges +€23,702
up €23,702 (+106%), from €22,312 to €46,014
- Depreciation +€10,007
up €10,007 (+173%), from €5,797 to €15,804
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 | €167,217 | €212,279 | +€45,062 | +26.9% |
| Fixed assets | 21/28 | €45,287 | €36,577 | -€8,709 | -19.2% |
| Tangible fixed assets | 22/27 | €45,287 | €36,577 | -€8,709 | -19.2% |
| Plant, machinery and equipment | 23 | €45,287 | €36,577 | -€8,709 | -19.2% |
| Current assets | 29/58 | €121,931 | €175,702 | +€53,771 | +44.1% |
| Amounts receivable within one year | 40/41 | €112,335 | €166,124 | +€53,789 | +47.9% |
| Trade receivables | 40 | €105,277 | €166,124 | +€60,846 | +57.8% |
| Other amounts receivable | 41 | €7,058 | - | -€7,058 | |
| Cash at bank and in hand | 54/58 | €6,728 | €6,041 | -€687 | -10.2% |
| Deferred charges and accrued income | 490/1 | €2,868 | €3,537 | +€669 | +23.3% |
| Total equity and liabilities | 10/49 | €167,217 | €212,279 | +€45,062 | +26.9% |
| Equity | 10/15 | -€494,840 | -€847,468 | -€352,628 | -71.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€556,840 | -€909,468 | -€352,628 | -63.3% |
| Provisions and deferred taxes | 16 | - | €117 | +€117 | |
| Provisions for liabilities and charges | 160/5 | - | €117 | +€117 | |
| Pensions and similar obligations | 160 | - | €117 | +€117 | |
| Amounts payable | 17/49 | €662,058 | €1,059,630 | +€397,573 | +60.1% |
| Amounts payable within one year | 42/48 | €662,058 | €1,059,630 | +€397,573 | +60.1% |
| Trade debts | 44 | €129,451 | €126,325 | -€3,126 | -2.4% |
| Suppliers | 440/4 | €129,451 | €126,325 | -€3,126 | -2.4% |
| Taxes, remuneration and social security | 45 | €47,621 | €73,522 | +€25,900 | +54.4% |
| Taxes | 450/3 | €1,721 | €25,704 | +€23,982 | +1,393% |
| Remuneration and social security | 454/9 | €45,900 | €47,818 | +€1,918 | +4.2% |
| Other amounts payable | 47/48 | €484,985 | €859,784 | +€374,799 | +77.3% |
| Turnover | 70 | €780,941 | €744,822 | -€36,119 | -4.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €621,154 | €660,440 | +€39,285 | +6.3% |
| Remuneration, social security and pensions | 62 | €418,194 | €409,152 | -€9,042 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,797 | €15,804 | +€10,007 | +173% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €117 | +€117 | |
| Other operating charges | 640/8 | €1,601 | €2,255 | +€653 | +40.8% |
| Gross operating margin | 9900 | €159,194 | €118,813 | -€40,381 | -25.4% |
| Operating profit (loss) | 9901 | -€266,399 | -€308,516 | -€42,116 | -15.8% |
| Financial income | 75/76B | - | €3,117 | +€3,117 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Non-recurring financial income | 76B | - | €3,117 | +€3,117 | |
| Financial charges | 65/66B | €22,312 | €46,014 | +€23,702 | +106% |
| Recurring financial charges | 65 | €22,312 | €46,014 | +€23,702 | +106% |
| Profit (loss) for the period before taxes | 9903 | -€288,711 | -€351,412 | -€62,701 | -21.7% |
| Income taxes | 67/77 | €1,168 | €1,216 | +€48 | +4.1% |
| Profit (loss) for the period | 9904 | -€289,880 | -€352,628 | -€62,749 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€289,880 | -€352,628 | -€62,749 | -21.6% |
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 19 October 2026 via checked.be.