Rebel Pulse Management: 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 Pulse Management
Largest movements
- Cash +€84,528
up €84,528 (+7,685%), from €1,100 to €85,628
mainly Net result for the year (+€80,698) and Tax, wage and social debts (+€7,504)
- Receivables within one year -€6,533
down €6,533 (-21.1%), from €31,028 to €24,495
- Tangible fixed assets +€3,756
up €3,756 (+330%), from €1,138 to €4,894
- Profit (loss) carried forward +€80,698
up €80,698 (+1,098%), from €7,347 to €88,045
- Tax, wage and social debts +€7,504
up €7,504 (+110%), from €6,801 to €14,305
of which Taxes: +€9,629
- Trade debts -€6,226
down €6,226 (-39.0%), from €15,966 to €9,740
- Gross operating margin +€96,538
up €96,538 (+1,040%), from €9,280 to €105,819
- Taxes +€21,607
up €21,607 (+1,138%), from €1,898 to €23,505
- Depreciation +€1,179
up €1,179 (+3,351%), from €35 to €1,214
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 | €33,266 | €115,017 | +€81,751 | +246% |
| Fixed assets | 21/28 | €1,138 | €4,894 | +€3,756 | +330% |
| Tangible fixed assets | 22/27 | €1,138 | €4,894 | +€3,756 | +330% |
| Plant, machinery and equipment | 23 | €1,138 | €4,894 | +€3,756 | +330% |
| Current assets | 29/58 | €32,128 | €110,123 | +€77,995 | +243% |
| Amounts receivable within one year | 40/41 | €31,028 | €24,495 | -€6,533 | -21.1% |
| Trade receivables | 40 | €31,028 | €24,495 | -€6,533 | -21.1% |
| Cash at bank and in hand | 54/58 | €1,100 | €85,628 | +€84,528 | +7,685% |
| Total equity and liabilities | 10/49 | €33,266 | €115,017 | +€81,751 | +246% |
| Equity | 10/15 | €9,847 | €90,545 | +€80,698 | +820% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,347 | €88,045 | +€80,698 | +1,098% |
| Amounts payable | 17/49 | €23,420 | €24,473 | +€1,053 | +4.5% |
| Amounts payable within one year | 42/48 | €23,252 | €24,473 | +€1,221 | +5.2% |
| Trade debts | 44 | €15,966 | €9,740 | -€6,226 | -39.0% |
| Suppliers | 440/4 | €15,966 | €9,740 | -€6,226 | -39.0% |
| Taxes, remuneration and social security | 45 | €6,801 | €14,305 | +€7,504 | +110% |
| Taxes | 450/3 | €4,676 | €14,305 | +€9,629 | +206% |
| Remuneration and social security | 454/9 | €2,124 | €0 | -€2,124 | -100% |
| Other amounts payable | 47/48 | €485 | €427 | -€58 | -11.9% |
| Accrued charges and deferred income | 492/3 | €168 | €0 | -€168 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35 | €1,214 | +€1,179 | +3,351% |
| Other operating charges | 640/8 | - | €220 | +€220 | |
| Gross operating margin | 9900 | €9,280 | €105,819 | +€96,538 | +1,040% |
| Operating profit (loss) | 9901 | €9,245 | €104,384 | +€95,139 | +1,029% |
| Financial charges | 65/66B | - | €181 | +€181 | |
| Recurring financial charges | 65 | - | €181 | +€181 | |
| Profit (loss) for the period before taxes | 9903 | €9,245 | €104,203 | +€94,958 | +1,027% |
| Income taxes | 67/77 | €1,898 | €23,505 | +€21,607 | +1,138% |
| Profit (loss) for the period | 9904 | €7,347 | €80,698 | +€73,352 | +998% |
| Profit (loss) for the period to be appropriated | 9905 | €7,347 | €80,698 | +€73,352 | +998% |
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 28 October 2026 via checked.be.