Rebelle: 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.
Rebelle
Largest movements
- Cash +€58,793
up €58,793 (+196%), from €29,994 to €88,786
mainly Depreciation (+€113,158) and Net result for the year (+€108,028)
- Tangible fixed assets -€47,620
down €47,620 (-2.6%), from €1.8m to €1.8m
of which Land and buildings: -€87,989
- Reserves +€105,000
up €105,000 (+51.3%), from €204,860 to €309,860
of which Distributable reserves: +€105,000
- Debts after one year -€96,845
down €96,845 (-7.7%), from €1.3m to €1.2m
- Other debts -€83,553
down €83,553 (-63.5%), from €131,674 to €48,121
- Short-term financial debts +€50,071
up €50,071 (+278%), from €18,000 to €68,071
- Tax, wage and social debts +€38,799
up €38,799 (+42.1%), from €92,180 to €130,979
of which Remuneration and social security: +€22,870
- Gross operating margin +€48,999
up €48,999 (+6.3%), from €771,866 to €820,865
- Staff costs +€21,787
up €21,787 (+4.4%), from €492,294 to €514,081
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 | €1,963,664 | €1,991,996 | +€28,332 | +1.4% |
| Fixed assets | 21/28 | €1,822,219 | €1,774,599 | -€47,620 | -2.6% |
| Tangible fixed assets | 22/27 | €1,822,219 | €1,774,599 | -€47,620 | -2.6% |
| Land and buildings | 22 | €1,759,397 | €1,671,408 | -€87,989 | -5.0% |
| Plant, machinery and equipment | 23 | €12,085 | €51,106 | +€39,021 | +323% |
| Furniture and vehicles | 24 | €50,737 | €52,085 | +€1,348 | +2.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €141,445 | €217,397 | +€75,952 | +53.7% |
| Stocks and contracts in progress | 3 | €103,255 | €122,115 | +€18,860 | +18.3% |
| Stocks | 30/36 | €103,255 | €122,115 | +€18,860 | +18.3% |
| Amounts receivable within one year | 40/41 | €5,333 | €2,917 | -€2,416 | -45.3% |
| Trade receivables | 40 | €256 | €1,146 | +€890 | +348% |
| Other amounts receivable | 41 | €5,077 | €1,771 | -€3,306 | -65.1% |
| Cash at bank and in hand | 54/58 | €29,994 | €88,786 | +€58,793 | +196% |
| Deferred charges and accrued income | 490/1 | €2,863 | €3,579 | +€716 | +25.0% |
| Total equity and liabilities | 10/49 | €1,963,664 | €1,991,996 | +€28,332 | +1.4% |
| Equity | 10/15 | €337,776 | €444,138 | +€106,362 | +31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €204,860 | €309,860 | +€105,000 | +51.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €203,000 | €308,000 | +€105,000 | +51.7% |
| Profit (loss) carried forward | 14 | €114,316 | €115,678 | +€1,362 | +1.2% |
| Amounts payable | 17/49 | €1,625,888 | €1,547,858 | -€78,030 | -4.8% |
| Amounts payable after more than one year | 17 | €1,264,550 | €1,167,705 | -€96,845 | -7.7% |
| Financial debts | 170/4 | €1,264,550 | €1,167,705 | -€96,845 | -7.7% |
| Amounts payable within one year | 42/48 | €361,338 | €375,035 | +€13,697 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €93,320 | €96,845 | +€3,525 | +3.8% |
| Financial debts | 43 | €18,000 | €68,071 | +€50,071 | +278% |
| Credit institutions | 430/8 | €18,000 | €68,071 | +€50,071 | +278% |
| Trade debts | 44 | €26,164 | €31,019 | +€4,854 | +18.6% |
| Suppliers | 440/4 | €26,164 | €31,019 | +€4,854 | +18.6% |
| Taxes, remuneration and social security | 45 | €92,180 | €130,979 | +€38,799 | +42.1% |
| Taxes | 450/3 | €44,074 | €60,003 | +€15,929 | +36.1% |
| Remuneration and social security | 454/9 | €48,106 | €70,976 | +€22,870 | +47.5% |
| Other amounts payable | 47/48 | €131,674 | €48,121 | -€83,553 | -63.5% |
| Accrued charges and deferred income | 492/3 | - | €5,118 | +€5,118 | |
| Remuneration, social security and pensions | 62 | €492,294 | €514,081 | +€21,787 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,162 | €113,158 | +€5,996 | +5.6% |
| Other operating charges | 640/8 | €4,234 | €4,408 | +€174 | +4.1% |
| Gross operating margin | 9900 | €771,866 | €820,865 | +€48,999 | +6.3% |
| Operating profit (loss) | 9901 | €168,176 | €189,217 | +€21,042 | +12.5% |
| Financial income | 75/76B | €73 | €114 | +€41 | +56.1% |
| Recurring financial income | 75 | €73 | €114 | +€41 | +56.1% |
| Financial charges | 65/66B | €54,253 | €56,574 | +€2,321 | +4.3% |
| Recurring financial charges | 65 | €54,253 | €56,574 | +€2,321 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €113,995 | €132,757 | +€18,762 | +16.5% |
| Income taxes | 67/77 | €31,801 | €24,729 | -€7,072 | -22.2% |
| Profit (loss) for the period | 9904 | €82,194 | €108,028 | +€25,834 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €82,194 | €108,028 | +€25,834 | +31.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.