REBEL REBELS: 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 REBELS
Largest movements
- Cash -€9,011
down €9,011 (-46.8%), from €19,261 to €10,250
mainly Trade debts (-€4,941) and Receivables within one year (-€2,905)
- Receivables within one year +€2,905
up €2,905 (+53.4%), from €5,438 to €8,343
of which Other amounts receivable: +€1,738
- Intangible fixed assets +€2,062
new in 2025: €2,062
- Trade debts -€4,941
down €4,941 (-64.1%), from €7,709 to €2,768
- Profit (loss) carried forward +€772
up €772 (+3.7%), from -€20,717 to -€19,945
- Gross operating margin -€17,668
down €17,668 (-91.3%), from €19,342 to €1,674
- Depreciation +€438
new in 2025: €438
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 | €24,699 | €20,655 | -€4,044 | -16.4% |
| Fixed assets | 21/28 | - | €2,062 | +€2,062 | |
| Intangible fixed assets | 21 | - | €2,062 | +€2,062 | |
| Current assets | 29/58 | €24,699 | €18,593 | -€6,106 | -24.7% |
| Amounts receivable within one year | 40/41 | €5,438 | €8,343 | +€2,905 | +53.4% |
| Trade receivables | 40 | €3,608 | €4,774 | +€1,167 | +32.3% |
| Other amounts receivable | 41 | €1,830 | €3,568 | +€1,738 | +95.0% |
| Cash at bank and in hand | 54/58 | €19,261 | €10,250 | -€9,011 | -46.8% |
| Total equity and liabilities | 10/49 | €24,699 | €20,655 | -€4,044 | -16.4% |
| Equity | 10/15 | €16,591 | €17,364 | +€772 | +4.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €18,309 | €18,309 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €0 | -€1,900 | -100% |
| Reserves not available under the articles | 1311 | €1,900 | €0 | -€1,900 | -100% |
| Distributable reserves | 133 | €16,409 | €18,309 | +€1,900 | +11.6% |
| Profit (loss) carried forward | 14 | -€20,717 | -€19,945 | +€772 | +3.7% |
| Amounts payable | 17/49 | €8,108 | €3,291 | -€4,816 | -59.4% |
| Amounts payable within one year | 42/48 | €8,108 | €3,291 | -€4,816 | -59.4% |
| Trade debts | 44 | €7,709 | €2,768 | -€4,941 | -64.1% |
| Suppliers | 440/4 | €7,709 | €2,768 | -€4,941 | -64.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €399 | €524 | +€125 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €438 | +€438 | |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €19,342 | €1,674 | -€17,668 | -91.3% |
| Operating profit (loss) | 9901 | €18,891 | €771 | -€18,120 | -95.9% |
| Financial income | 75/76B | €1 | €13 | +€12 | +1,584% |
| Recurring financial income | 75 | €1 | €13 | +€12 | +1,584% |
| Financial charges | 65/66B | €10 | €11 | +€1 | +12.0% |
| Recurring financial charges | 65 | €10 | €11 | +€1 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €18,882 | €772 | -€18,109 | -95.9% |
| Income taxes | 67/77 | €179 | €0 | -€179 | -100% |
| Profit (loss) for the period | 9904 | €18,703 | €772 | -€17,931 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,703 | €772 | -€17,931 | -95.9% |
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 15 October 2026 via checked.be.