REBELCO 2000: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
REBELCO 2000
Largest movements
- Cash +€88,235
up €88,235 (+450%), from €19,619 to €107,854
mainly Net result for the year (+€108,024) and Receivables within one year (+€62,397)
- Receivables within one year -€62,397
down €62,397 (-10.2%), from €613,833 to €551,436
of which Other amounts receivable: -€112,560
- Deferred charges and accrued income -€17,882
down €17,882 (-100%), from €17,882 to €0
- Stocks and contracts -€10,791
down €10,791 (-31.9%), from €33,780 to €22,989
- Trade debts -€120,662
down €120,662 (-30.8%), from €392,337 to €271,675
- Reserves +€108,024
up €108,024 (+282%), from €38,317 to €146,341
of which Distributable reserves: +€108,024
- Other debts +€32,236
new in 2025: €32,236
- Tax, wage and social debts -€28,677
down €28,677 (-35.1%), from €81,644 to €52,967
of which Taxes: -€14,626
- Accrued charges and deferred income +€7,587
up €7,587 (+15.0%), from €50,590 to €58,178
- Gross operating margin +€151,557
up €151,557 (+59.5%), from €254,647 to €406,204
- Write-downs +€26,454
new in 2025: €26,454
- Taxes +€24,389
up €24,389 (+169%), from €14,409 to €38,797
- Financial income -€18,439
down €18,439 (-93.1%), from €19,795 to €1,356
- Staff costs -€14,238
down €14,238 (-6.9%), from €207,711 to €193,473
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €724,861 | €723,369 | -€1,492 | -0.2% |
| Fixed assets | 21/28 | €39,748 | €41,091 | +€1,343 | +3.4% |
| Tangible fixed assets | 22/27 | €36,643 | €37,986 | +€1,343 | +3.7% |
| Plant, machinery and equipment | 23 | €5,669 | €2,117 | -€3,552 | -62.7% |
| Furniture and vehicles | 24 | €30,580 | €35,672 | +€5,092 | +16.7% |
| Other tangible fixed assets | 26 | €393 | €197 | -€197 | -50.0% |
| Financial fixed assets | 28 | €3,105 | €3,105 | = | 0.0% |
| Current assets | 29/58 | €685,113 | €682,278 | -€2,835 | -0.4% |
| Stocks and contracts in progress | 3 | €33,780 | €22,989 | -€10,791 | -31.9% |
| Stocks | 30/36 | €33,780 | €22,989 | -€10,791 | -31.9% |
| Amounts receivable within one year | 40/41 | €613,833 | €551,436 | -€62,397 | -10.2% |
| Trade receivables | 40 | €493,527 | €543,690 | +€50,163 | +10.2% |
| Other amounts receivable | 41 | €120,306 | €7,746 | -€112,560 | -93.6% |
| Cash at bank and in hand | 54/58 | €19,619 | €107,854 | +€88,235 | +450% |
| Deferred charges and accrued income | 490/1 | €17,882 | €0 | -€17,882 | -100% |
| Total equity and liabilities | 10/49 | €724,861 | €723,369 | -€1,492 | -0.2% |
| Equity | 10/15 | €100,290 | €208,314 | +€108,024 | +108% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €38,317 | €146,341 | +€108,024 | +282% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €32,119 | €140,143 | +€108,024 | +336% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €624,571 | €515,055 | -€109,516 | -17.5% |
| Amounts payable within one year | 42/48 | €573,981 | €456,878 | -€117,103 | -20.4% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €392,337 | €271,675 | -€120,662 | -30.8% |
| Suppliers | 440/4 | €392,337 | €271,675 | -€120,662 | -30.8% |
| Taxes, remuneration and social security | 45 | €81,644 | €52,967 | -€28,677 | -35.1% |
| Taxes | 450/3 | €53,555 | €38,929 | -€14,626 | -27.3% |
| Remuneration and social security | 454/9 | €28,089 | €14,038 | -€14,050 | -50.0% |
| Other amounts payable | 47/48 | - | €32,236 | +€32,236 | |
| Accrued charges and deferred income | 492/3 | €50,590 | €58,178 | +€7,587 | +15.0% |
| Remuneration, social security and pensions | 62 | €207,711 | €193,473 | -€14,238 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,834 | €13,657 | +€6,823 | +99.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €26,454 | +€26,454 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,258 | €16,035 | +€13,777 | +610% |
| Gross operating margin | 9900 | €254,647 | €406,204 | +€151,557 | +59.5% |
| Operating profit (loss) | 9901 | €37,845 | €156,587 | +€118,742 | +314% |
| Financial income | 75/76B | €19,795 | €1,356 | -€18,439 | -93.1% |
| Recurring financial income | 75 | €19,795 | €1,356 | -€18,439 | -93.1% |
| Financial charges | 65/66B | €11,112 | €11,122 | +€10 | +0.1% |
| Recurring financial charges | 65 | €11,112 | €11,122 | +€10 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €46,528 | €146,821 | +€100,293 | +216% |
| Income taxes | 67/77 | €14,409 | €38,797 | +€24,389 | +169% |
| Profit (loss) for the period | 9904 | €32,119 | €108,024 | +€75,904 | +236% |
| Profit (loss) for the period to be appropriated | 9905 | €32,119 | €108,024 | +€75,904 | +236% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.