Rebco: 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.
Rebco
Largest movements
- Receivables within one year -€20,641
down €20,641 (-16.3%), from €127,019 to €106,378
of which Trade receivables: -€19,953
- Stocks and contracts -€12,558
no longer reported in 2025 (was €12,558)
- Cash -€4,954
down €4,954 (-16.6%), from €29,832 to €24,878
mainly Net result for the year (-€46,751) and Tax, wage and social debts (-€10,417)
- Profit (loss) carried forward -€46,751
down €46,751, from €11,258 to -€35,493
- Trade debts +€18,114
up €18,114 (+48.2%), from €37,545 to €55,660
- Tax, wage and social debts -€10,417
down €10,417 (-40.7%), from €25,571 to €15,154
of which Taxes: -€6,306
- Gross operating margin -€42,991
down €42,991 (-71.9%), from €59,793 to €16,803
- Staff costs +€4,919
up €4,919 (+8.6%), from €57,352 to €62,271
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 | €173,222 | €135,237 | -€37,985 | -21.9% |
| Fixed assets | 21/28 | €385 | €385 | = | 0.0% |
| Financial fixed assets | 28 | €385 | €385 | = | 0.0% |
| Current assets | 29/58 | €172,837 | €134,852 | -€37,985 | -22.0% |
| Stocks and contracts in progress | 3 | €12,558 | - | -€12,558 | |
| Stocks | 30/36 | €12,558 | - | -€12,558 | |
| Amounts receivable within one year | 40/41 | €127,019 | €106,378 | -€20,641 | -16.3% |
| Trade receivables | 40 | €119,948 | €99,996 | -€19,953 | -16.6% |
| Other amounts receivable | 41 | €7,071 | €6,383 | -€688 | -9.7% |
| Cash at bank and in hand | 54/58 | €29,832 | €24,878 | -€4,954 | -16.6% |
| Deferred charges and accrued income | 490/1 | €3,428 | €3,596 | +€168 | +4.9% |
| Total equity and liabilities | 10/49 | €173,222 | €135,237 | -€37,985 | -21.9% |
| Equity | 10/15 | €79,235 | €32,484 | -€46,751 | -59.0% |
| Contributions | 10/11 | €26,300 | €26,300 | = | 0.0% |
| Reserves | 13 | €41,677 | €41,677 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,727 | €2,727 | = | 0.0% |
| Distributable reserves | 133 | €38,950 | €38,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,258 | -€35,493 | -€46,751 | |
| Amounts payable | 17/49 | €93,988 | €102,753 | +€8,766 | +9.3% |
| Amounts payable within one year | 42/48 | €93,988 | €102,753 | +€8,766 | +9.3% |
| Trade debts | 44 | €37,545 | €55,660 | +€18,114 | +48.2% |
| Suppliers | 440/4 | €37,545 | €55,660 | +€18,114 | +48.2% |
| Taxes, remuneration and social security | 45 | €25,571 | €15,154 | -€10,417 | -40.7% |
| Taxes | 450/3 | €8,559 | €2,253 | -€6,306 | -73.7% |
| Remuneration and social security | 454/9 | €17,012 | €12,901 | -€4,111 | -24.2% |
| Other amounts payable | 47/48 | €30,871 | €31,939 | +€1,068 | +3.5% |
| Remuneration, social security and pensions | 62 | €57,352 | €62,271 | +€4,919 | +8.6% |
| Other operating charges | 640/8 | €943 | €762 | -€180 | -19.1% |
| Gross operating margin | 9900 | €59,793 | €16,803 | -€42,991 | -71.9% |
| Operating profit (loss) | 9901 | €1,498 | -€46,231 | -€47,729 | |
| Financial income | 75/76B | €2 | €20 | +€17 | +705% |
| Recurring financial income | 75 | €2 | €20 | +€17 | +705% |
| Financial charges | 65/66B | €338 | €540 | +€201 | +59.5% |
| Recurring financial charges | 65 | €338 | €540 | +€201 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €1,163 | -€46,751 | -€47,913 | |
| Income taxes | 67/77 | €105 | - | -€105 | |
| Profit (loss) for the period | 9904 | €1,058 | -€46,751 | -€47,808 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,058 | -€46,751 | -€47,808 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.