REBELGE: 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.
REBELGE
Largest movements
- Cash +€36,966
up €36,966 (+143%), from €25,863 to €62,830
mainly Stocks and contracts (+€23,336) and Receivables within one year (+€18,180)
- Stocks and contracts -€23,336
no longer reported in 2025 (was €23,336)
- Receivables within one year -€18,180
no longer reported in 2025 (was €18,180)
- Deferred charges and accrued income +€7,898
new in 2025: €7,898
- Other debts +€5,877
up €5,877 (+93.7%), from €6,269 to €12,146
- Advances received -€3,376
no longer reported in 2025 (was €3,376)
- Reserves -€2,673
down €2,673 (-28.7%), from €9,314 to €6,641
- Tax, wage and social debts +€2,576
up €2,576 (+26.4%), from €9,759 to €12,334
of which Taxes: +€3,676
- Trade debts +€944
up €944 (+1,523%), from €62 to €1,006
- Write-downs +€23,336
new in 2025: €23,336
- Gross operating margin +€7,135
up €7,135 (+43.8%), from €16,293 to €23,429
- Taxes -€4,912
down €4,912 (-74.6%), from €6,587 to €1,675
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 | €67,380 | €70,728 | +€3,349 | +5.0% |
| Current assets | 29/58 | €67,380 | €70,728 | +€3,349 | +5.0% |
| Stocks and contracts in progress | 3 | €23,336 | - | -€23,336 | |
| Stocks | 30/36 | €23,336 | - | -€23,336 | |
| Amounts receivable within one year | 40/41 | €18,180 | - | -€18,180 | |
| Trade receivables | 40 | €18,180 | - | -€18,180 | |
| Cash at bank and in hand | 54/58 | €25,863 | €62,830 | +€36,966 | +143% |
| Deferred charges and accrued income | 490/1 | - | €7,898 | +€7,898 | |
| Total equity and liabilities | 10/49 | €67,380 | €70,728 | +€3,349 | +5.0% |
| Equity | 10/15 | €44,314 | €41,641 | -€2,673 | -6.0% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €9,314 | €6,641 | -€2,673 | -28.7% |
| Distributable reserves | 133 | €9,314 | €6,641 | -€2,673 | -28.7% |
| Amounts payable | 17/49 | €23,066 | €29,087 | +€6,021 | +26.1% |
| Amounts payable within one year | 42/48 | €19,466 | €25,487 | +€6,021 | +30.9% |
| Trade debts | 44 | €62 | €1,006 | +€944 | +1,523% |
| Suppliers | 440/4 | €62 | €1,006 | +€944 | +1,523% |
| Advances received on contracts in progress | 46 | €3,376 | - | -€3,376 | |
| Taxes, remuneration and social security | 45 | €9,759 | €12,334 | +€2,576 | +26.4% |
| Taxes | 450/3 | €8,659 | €12,334 | +€3,676 | +42.5% |
| Remuneration and social security | 454/9 | €1,100 | - | -€1,100 | |
| Other amounts payable | 47/48 | €6,269 | €12,146 | +€5,877 | +93.7% |
| Accrued charges and deferred income | 492/3 | €3,600 | €3,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58 | - | -€58 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €23,336 | +€23,336 | |
| Other operating charges | 640/8 | €89 | €89 | +€0 | +0.3% |
| Gross operating margin | 9900 | €16,293 | €23,429 | +€7,135 | +43.8% |
| Operating profit (loss) | 9901 | €16,147 | €3 | -€16,143 | -100.0% |
| Financial charges | 65/66B | €104 | €101 | -€3 | -2.5% |
| Recurring financial charges | 65 | €104 | €101 | -€3 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €16,043 | -€97 | -€16,141 | |
| Income taxes | 67/77 | €6,587 | €1,675 | -€4,912 | -74.6% |
| Profit (loss) for the period | 9904 | €9,456 | -€1,773 | -€11,229 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,456 | -€1,773 | -€11,229 |
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 26 October 2026 via checked.be.