REBECOM: 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.
REBECOM
Largest movements
- Receivables within one year -€30,025
down €30,025 (-27.4%), from €109,551 to €79,526
of which Trade receivables: -€42,579
- Cash +€11,645
up €11,645 (+108%), from €10,787 to €22,432
mainly Receivables within one year (+€30,025) and Depreciation (+€10,773)
- Tangible fixed assets -€6,385
down €6,385 (-17.9%), from €35,605 to €29,219
of which Plant, machinery and equipment: -€5,176
- Trade debts -€15,704
down €15,704 (-32.5%), from €48,366 to €32,662
- Profit (loss) carried forward +€10,179
up €10,179 (+20.4%), from €49,801 to €59,979
- Tax, wage and social debts -€9,592
no longer reported in 2025 (was €9,592)
- Debts after one year -€8,615
down €8,615 (-41.6%), from €20,694 to €12,080
- Current portion of long-term debt -€3,340
down €3,340 (-42.3%), from €7,906 to €4,566
- Gross operating margin +€7,550
up €7,550 (+34.6%), from €21,841 to €29,391
- Other operating charges -€2,663
down €2,663 (-70.1%), from €3,796 to €1,133
- Depreciation +€1,750
up €1,750 (+19.4%), from €9,023 to €10,773
- Financial charges +€1,375
up €1,375 (+85.0%), from €1,619 to €2,994
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 | €165,332 | €142,530 | -€22,801 | -13.8% |
| Fixed assets | 21/28 | €35,605 | €29,219 | -€6,385 | -17.9% |
| Tangible fixed assets | 22/27 | €35,605 | €29,219 | -€6,385 | -17.9% |
| Plant, machinery and equipment | 23 | €22,004 | €16,828 | -€5,176 | -23.5% |
| Furniture and vehicles | 24 | €13,601 | €12,392 | -€1,209 | -8.9% |
| Current assets | 29/58 | €129,727 | €113,311 | -€16,416 | -12.7% |
| Stocks and contracts in progress | 3 | €9,389 | €10,588 | +€1,199 | +12.8% |
| Stocks | 30/36 | €9,389 | €10,588 | +€1,199 | +12.8% |
| Amounts receivable within one year | 40/41 | €109,551 | €79,526 | -€30,025 | -27.4% |
| Trade receivables | 40 | €98,428 | €55,850 | -€42,579 | -43.3% |
| Other amounts receivable | 41 | €11,123 | €23,676 | +€12,554 | +113% |
| Cash at bank and in hand | 54/58 | €10,787 | €22,432 | +€11,645 | +108% |
| Deferred charges and accrued income | 490/1 | - | €764 | +€764 | |
| Total equity and liabilities | 10/49 | €165,332 | €142,530 | -€22,801 | -13.8% |
| Equity | 10/15 | €72,502 | €82,681 | +€10,179 | +14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,501 | €16,501 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,641 | €14,641 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,801 | €59,979 | +€10,179 | +20.4% |
| Amounts payable | 17/49 | €92,830 | €59,850 | -€32,980 | -35.5% |
| Amounts payable after more than one year | 17 | €20,694 | €12,080 | -€8,615 | -41.6% |
| Financial debts | 170/4 | €20,694 | €12,080 | -€8,615 | -41.6% |
| Amounts payable within one year | 42/48 | €72,135 | €47,770 | -€24,365 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €7,906 | €4,566 | -€3,340 | -42.3% |
| Trade debts | 44 | €48,366 | €32,662 | -€15,704 | -32.5% |
| Suppliers | 440/4 | €48,366 | €32,662 | -€15,704 | -32.5% |
| Advances received on contracts in progress | 46 | - | €1,739 | +€1,739 | |
| Taxes, remuneration and social security | 45 | €9,592 | - | -€9,592 | |
| Taxes | 450/3 | €9,592 | - | -€9,592 | |
| Other amounts payable | 47/48 | €6,271 | €8,803 | +€2,531 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,023 | €10,773 | +€1,750 | +19.4% |
| Other operating charges | 640/8 | €3,796 | €1,133 | -€2,663 | -70.1% |
| Gross operating margin | 9900 | €21,841 | €29,391 | +€7,550 | +34.6% |
| Operating profit (loss) | 9901 | €9,021 | €17,485 | +€8,463 | +93.8% |
| Financial income | 75/76B | €20 | €275 | +€255 | +1,255% |
| Recurring financial income | 75 | €20 | €275 | +€255 | +1,255% |
| Financial charges | 65/66B | €1,619 | €2,994 | +€1,375 | +85.0% |
| Recurring financial charges | 65 | €1,619 | €2,994 | +€1,375 | +85.0% |
| Profit (loss) for the period before taxes | 9903 | €7,423 | €14,766 | +€7,343 | +98.9% |
| Income taxes | 67/77 | €4,390 | €4,587 | +€197 | +4.5% |
| Profit (loss) for the period | 9904 | €3,033 | €10,179 | +€7,146 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €3,033 | €10,179 | +€7,146 | +236% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.