REBEL ANALYTIC: 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.
REBEL ANALYTIC
Largest movements
- Cash -€29,901
down €29,901 (-85.5%), from €34,958 to €5,057
mainly Contributions, distributions and other (-€39,040) and Receivables within one year (-€20,246)
- Receivables within one year +€20,246
up €20,246 (+86.7%), from €23,358 to €43,604
of which Trade receivables: +€20,898
- Tangible fixed assets +€868
up €868 (+105%), from €828 to €1,696
of which Furniture and vehicles: +€1,229
- Other debts -€9,771
down €9,771 (-19.9%), from €49,146 to €39,375
- Tax, wage and social debts +€788
up €788 (+8.5%), from €9,229 to €10,017
- Gross operating margin -€12,243
down €12,243 (-19.2%), from €63,813 to €51,571
- Taxes -€2,619
down €2,619 (-20.3%), from €12,903 to €10,284
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 | €61,718 | €52,843 | -€8,876 | -14.4% |
| Fixed assets | 21/28 | €953 | €1,821 | +€868 | +91.1% |
| Tangible fixed assets | 22/27 | €828 | €1,696 | +€868 | +105% |
| Plant, machinery and equipment | 23 | €828 | €467 | -€361 | -43.6% |
| Furniture and vehicles | 24 | - | €1,229 | +€1,229 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €60,765 | €51,022 | -€9,743 | -16.0% |
| Amounts receivable within one year | 40/41 | €23,358 | €43,604 | +€20,246 | +86.7% |
| Trade receivables | 40 | €22,705 | €43,604 | +€20,898 | +92.0% |
| Other amounts receivable | 41 | €652 | €0 | -€652 | -100% |
| Cash at bank and in hand | 54/58 | €34,958 | €5,057 | -€29,901 | -85.5% |
| Deferred charges and accrued income | 490/1 | €2,450 | €2,361 | -€89 | -3.6% |
| Total equity and liabilities | 10/49 | €61,718 | €52,843 | -€8,876 | -14.4% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,718 | €50,843 | -€8,876 | -14.9% |
| Amounts payable within one year | 42/48 | €59,718 | €50,843 | -€8,876 | -14.9% |
| Trade debts | 44 | €1,344 | €1,451 | +€107 | +8.0% |
| Suppliers | 440/4 | €1,344 | €1,451 | +€107 | +8.0% |
| Taxes, remuneration and social security | 45 | €9,229 | €10,017 | +€788 | +8.5% |
| Taxes | 450/3 | €9,229 | €10,017 | +€788 | +8.5% |
| Other amounts payable | 47/48 | €49,146 | €39,375 | -€9,771 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255 | €376 | +€121 | +47.6% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Gross operating margin | 9900 | €63,813 | €51,571 | -€12,243 | -19.2% |
| Operating profit (loss) | 9901 | €62,967 | €50,585 | -€12,382 | -19.7% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €1,258 | €1,261 | +€3 | +0.2% |
| Recurring financial charges | 65 | €1,258 | €1,261 | +€3 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €61,714 | €49,324 | -€12,390 | -20.1% |
| Income taxes | 67/77 | €12,903 | €10,284 | -€2,619 | -20.3% |
| Profit (loss) for the period | 9904 | €48,811 | €39,040 | -€9,771 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,811 | €39,040 | -€9,771 | -20.0% |
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 13 October 2026 via checked.be.