Rebel Development: what changed
Two fiscal 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 Development
Largest movements
- Stocks and contracts +€14,684
up €14,684 (+18.4%), from €80,014 to €94,698
- Receivables within one year +€1,452
up €1,452 (+92.3%), from €1,572 to €3,024
- Debts after one year +€15,805
up €15,805 (+18.6%), from €85,155 to €100,960
- Trade debts +€1,097
up €1,097 (+66.2%), from €1,658 to €2,755
- Financial charges -€210
down €210 (-32.0%), from €657 to €447
- Gross operating margin -€80
down €80 (-82.9%), from €97 to €16
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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.
Cash bridge derived
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 | €82,125 | €98,196 | +€16,071 | +19.6% |
| Current assets | 29/58 | €82,125 | €98,196 | +€16,071 | +19.6% |
| Stocks and contracts in progress | 3 | €80,014 | €94,698 | +€14,684 | +18.4% |
| Stocks | 30/36 | €80,014 | €94,698 | +€14,684 | +18.4% |
| Amounts receivable within one year | 40/41 | €1,572 | €3,024 | +€1,452 | +92.3% |
| Other amounts receivable | 41 | €1,572 | €3,024 | +€1,452 | +92.3% |
| Cash at bank and in hand | 54/58 | €538 | €474 | -€64 | -11.9% |
| Total equity and liabilities | 10/49 | €82,125 | €98,196 | +€16,071 | +19.6% |
| Equity | 10/15 | -€4,688 | -€5,519 | -€830 | -17.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,688 | -€9,519 | -€830 | -9.6% |
| Amounts payable | 17/49 | €86,814 | €103,715 | +€16,902 | +19.5% |
| Amounts payable after more than one year | 17 | €85,155 | €100,960 | +€15,805 | +18.6% |
| Other amounts payable | 178/9 | €85,155 | €100,960 | +€15,805 | +18.6% |
| Amounts payable within one year | 42/48 | €1,658 | €2,755 | +€1,097 | +66.2% |
| Trade debts | 44 | €1,658 | €2,755 | +€1,097 | +66.2% |
| Suppliers | 440/4 | €1,658 | €2,755 | +€1,097 | +66.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €97 | €16 | -€80 | -82.9% |
| Operating profit (loss) | 9901 | -€291 | -€383 | -€92 | -31.8% |
| Financial charges | 65/66B | €657 | €447 | -€210 | -32.0% |
| Recurring financial charges | 65 | €657 | €447 | -€210 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€948 | -€830 | +€118 | +12.4% |
| Profit (loss) for the period | 9904 | -€948 | -€830 | +€118 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€948 | -€830 | +€118 | +12.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.