REBELEC: 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.
REBELEC
Largest movements
- Current investments -€150,208
down €150,208 (-93.8%), from €160,093 to €9,885
- Cash +€82,235
up €82,235 (+1,917%), from €4,290 to €86,525
mainly Current investments (+€150,208) and Accrued charges and deferred income (+€36,840)
- Tangible fixed assets -€23,029
down €23,029 (-4.5%), from €516,608 to €493,579
of which Furniture and vehicles: -€11,647
- Reserves -€91,893
down €91,893 (-17.0%), from €540,833 to €448,941
of which Distributable reserves: -€91,893
- Other debts -€53,640
down €53,640 (-29.0%), from €184,798 to €131,158
- Accrued charges and deferred income +€36,840
up €36,840 (+3,723%), from €989 to €37,829
- Gross operating margin +€19,391
up €19,391 (+22.3%), from €86,907 to €106,298
- Financial charges +€8,885
up €8,885 (+24.3%), from €36,489 to €45,374
- Taxes +€6,360
up €6,360 (+235%), from €2,706 to €9,065
- Financial income +€4,613
up €4,613, from €0 to €4,613
- Depreciation +€3,308
up €3,308 (+10.7%), from €31,063 to €34,371
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 | €1,317,137 | €1,212,451 | -€104,687 | -7.9% |
| Fixed assets | 21/28 | €1,086,608 | €1,063,579 | -€23,029 | -2.1% |
| Tangible fixed assets | 22/27 | €516,608 | €493,579 | -€23,029 | -4.5% |
| Furniture and vehicles | 24 | €21,901 | €10,254 | -€11,647 | -53.2% |
| Other tangible fixed assets | 26 | €494,707 | €483,325 | -€11,382 | -2.3% |
| Financial fixed assets | 28 | €570,000 | €570,000 | = | 0.0% |
| Current assets | 29/58 | €230,530 | €148,871 | -€81,658 | -35.4% |
| Amounts receivable within one year | 40/41 | €62,784 | €50,166 | -€12,618 | -20.1% |
| Trade receivables | 40 | €56,490 | €49,987 | -€6,503 | -11.5% |
| Other amounts receivable | 41 | €6,294 | €179 | -€6,115 | -97.2% |
| Current investments | 50/53 | €160,093 | €9,885 | -€150,208 | -93.8% |
| Cash at bank and in hand | 54/58 | €4,290 | €86,525 | +€82,235 | +1,917% |
| Deferred charges and accrued income | 490/1 | €3,363 | €2,295 | -€1,068 | -31.8% |
| Total equity and liabilities | 10/49 | €1,317,137 | €1,212,451 | -€104,687 | -7.9% |
| Equity | 10/15 | €538,112 | €450,191 | -€87,921 | -16.3% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €540,833 | €448,941 | -€91,893 | -17.0% |
| Tax-exempt reserves | 132 | €130,049 | €130,049 | = | 0.0% |
| Distributable reserves | 133 | €410,785 | €318,892 | -€91,893 | -22.4% |
| Profit (loss) carried forward | 14 | -€3,972 | €0 | +€3,972 | |
| Amounts payable | 17/49 | €779,025 | €762,260 | -€16,766 | -2.2% |
| Amounts payable after more than one year | 17 | €559,483 | €556,422 | -€3,061 | -0.5% |
| Financial debts | 170/4 | €559,483 | €556,422 | -€3,061 | -0.5% |
| Amounts payable within one year | 42/48 | €218,553 | €168,008 | -€50,545 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €17,211 | €17,931 | +€720 | +4.2% |
| Trade debts | 44 | €1,234 | €3,581 | +€2,346 | +190% |
| Suppliers | 440/4 | €1,234 | €3,581 | +€2,346 | +190% |
| Taxes, remuneration and social security | 45 | €15,310 | €15,338 | +€29 | +0.2% |
| Taxes | 450/3 | €12,810 | €12,838 | +€29 | +0.2% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €184,798 | €131,158 | -€53,640 | -29.0% |
| Accrued charges and deferred income | 492/3 | €989 | €37,829 | +€36,840 | +3,723% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,063 | €34,371 | +€3,308 | +10.7% |
| Other operating charges | 640/8 | €1,779 | €2,022 | +€243 | +13.7% |
| Gross operating margin | 9900 | €86,907 | €106,298 | +€19,391 | +22.3% |
| Operating profit (loss) | 9901 | €54,065 | €69,905 | +€15,840 | +29.3% |
| Financial income | 75/76B | €0 | €4,613 | +€4,613 | |
| Recurring financial income | 75 | €0 | €4,613 | +€4,613 | |
| Financial charges | 65/66B | €36,489 | €45,374 | +€8,885 | +24.3% |
| Recurring financial charges | 65 | €36,489 | €45,374 | +€8,885 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €17,576 | €29,144 | +€11,568 | +65.8% |
| Income taxes | 67/77 | €2,706 | €9,065 | +€6,360 | +235% |
| Profit (loss) for the period | 9904 | €14,870 | €20,079 | +€5,209 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,870 | €20,079 | +€5,209 | +35.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.