Rebel.be: 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.be
Largest movements
- Tangible fixed assets -€11,121
down €11,121 (-35.7%), from €31,192 to €20,072
- Profit (loss) carried forward -€11,215
down €11,215 (-10.9%), from -€103,282 to -€114,496
- Debts after one year -€9,818
no longer reported in 2025 (was €9,818)
- Other debts +€7,252
up €7,252 (+7.0%), from €103,402 to €110,654
- Trade debts +€3,221
up €3,221 (+2,704%), from €119 to €3,340
- Current portion of long-term debt -€1,649
down €1,649 (-14.4%), from €11,468 to €9,818
- Gross operating margin +€19,077
up €19,077, from -€17,545 to €1,532
- Depreciation +€308
up €308 (+2.8%), from €10,813 to €11,121
- Other operating charges +€216
up €216 (+39.2%), from €550 to €766
- Financial charges -€181
down €181 (-18.9%), from €953 to €773
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 | €124,755 | €113,530 | -€11,225 | -9.0% |
| Fixed assets | 21/28 | €98,692 | €87,572 | -€11,121 | -11.3% |
| Tangible fixed assets | 22/27 | €31,192 | €20,072 | -€11,121 | -35.7% |
| Furniture and vehicles | 24 | €31,192 | €20,072 | -€11,121 | -35.7% |
| Financial fixed assets | 28 | €67,500 | €67,500 | = | 0.0% |
| Current assets | 29/58 | €26,063 | €25,958 | -€104 | -0.4% |
| Stocks and contracts in progress | 3 | €24,392 | €24,392 | = | 0.0% |
| Stocks | 30/36 | €24,392 | €24,392 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €538 | €1,483 | +€945 | +175% |
| Trade receivables | 40 | €227 | €878 | +€651 | +287% |
| Other amounts receivable | 41 | €312 | €605 | +€293 | +94.2% |
| Cash at bank and in hand | 54/58 | €84 | €84 | -€0 | -0.2% |
| Deferred charges and accrued income | 490/1 | €1,049 | - | -€1,049 | |
| Total equity and liabilities | 10/49 | €124,755 | €113,530 | -€11,225 | -9.0% |
| Equity | 10/15 | -€282 | -€11,496 | -€11,215 | -3,981% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,282 | -€114,496 | -€11,215 | -10.9% |
| Amounts payable | 17/49 | €125,037 | €125,026 | -€10 | 0.0% |
| Amounts payable after more than one year | 17 | €9,818 | - | -€9,818 | |
| Financial debts | 170/4 | €9,818 | - | -€9,818 | |
| Amounts payable within one year | 42/48 | €115,218 | €125,026 | +€9,808 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €11,468 | €9,818 | -€1,649 | -14.4% |
| Financial debts | 43 | - | €685 | +€685 | |
| Credit institutions | 430/8 | - | €685 | +€685 | |
| Trade debts | 44 | €119 | €3,340 | +€3,221 | +2,704% |
| Suppliers | 440/4 | €119 | €3,340 | +€3,221 | +2,704% |
| Advances received on contracts in progress | 46 | €227 | - | -€227 | |
| Taxes, remuneration and social security | 45 | €3 | €530 | +€527 | +21,086% |
| Taxes | 450/3 | €3 | €530 | +€527 | +21,086% |
| Other amounts payable | 47/48 | €103,402 | €110,654 | +€7,252 | +7.0% |
| Remuneration, social security and pensions | 62 | €15 | - | -€15 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,813 | €11,121 | +€308 | +2.8% |
| Other operating charges | 640/8 | €550 | €766 | +€216 | +39.2% |
| Gross operating margin | 9900 | -€17,545 | €1,532 | +€19,077 | |
| Operating profit (loss) | 9901 | -€28,922 | -€10,354 | +€18,568 | +64.2% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €953 | €773 | -€181 | -18.9% |
| Recurring financial charges | 65 | €953 | €773 | -€181 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,875 | -€11,110 | +€18,765 | +62.8% |
| Income taxes | 67/77 | €53 | €104 | +€52 | +97.4% |
| Profit (loss) for the period | 9904 | -€29,928 | -€11,215 | +€18,714 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,928 | -€11,215 | +€18,714 | +62.5% |
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 26 October 2026 via checked.be.