REBELO CONSTRUCT: what changed
Two fiscal 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.
REBELO CONSTRUCT
Largest movements
- Receivables within one year -€14,945
down €14,945 (-49.5%), from €30,199 to €15,255
of which Trade receivables: -€9,924
- Cash +€8,998
up €8,998 (+94.5%), from €9,521 to €18,519
mainly Receivables within one year (+€14,945) and Depreciation (+€7,550)
- Tangible fixed assets -€7,550
down €7,550 (-55.6%), from €13,569 to €6,019
- Deferred charges and accrued income +€2,264
up €2,264 (+369.3%), from €613 to €2,877
- Trade debts -€7,542
down €7,542 (-85.9%), from €8,778 to €1,237
- Profit (loss) carried forward -€3,750
down €3,750 (-12.1%), from €30,864 to €27,114
- Gross operating margin +€15,504
up €15,504, from -€10,224 to €5,280
- Depreciation -€2,260
down €2,260 (-23.0%), from €9,810 to €7,550
- Other operating charges -€187
down €187 (-15.1%), from €1,237 to €1,050
- Financial income -€136
down €136 (-39.5%), from €345 to €209
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.
Cash bridge derived
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 | €53,902 | €42,669 | -€11,233 | -20.8% |
| Fixed assets | 21/28 | €13,569 | €6,019 | -€7,550 | -55.6% |
| Tangible fixed assets | 22/27 | €13,569 | €6,019 | -€7,550 | -55.6% |
| Furniture and vehicles | 24 | €13,569 | €6,019 | -€7,550 | -55.6% |
| Current assets | 29/58 | €40,333 | €36,650 | -€3,683 | -9.1% |
| Amounts receivable within one year | 40/41 | €30,199 | €15,255 | -€14,945 | -49.5% |
| Trade receivables | 40 | €21,599 | €11,675 | -€9,924 | -45.9% |
| Other amounts receivable | 41 | €8,600 | €3,580 | -€5,021 | -58.4% |
| Cash at bank and in hand | 54/58 | €9,521 | €18,519 | +€8,998 | +94.5% |
| Deferred charges and accrued income | 490/1 | €613 | €2,877 | +€2,264 | +369.3% |
| Total equity and liabilities | 10/49 | €53,902 | €42,669 | -€11,233 | -20.8% |
| Equity | 10/15 | €45,124 | €41,374 | -€3,750 | -8.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,864 | €27,114 | -€3,750 | -12.1% |
| Amounts payable | 17/49 | €8,778 | €1,295 | -€7,483 | -85.2% |
| Amounts payable within one year | 42/48 | €8,778 | €1,237 | -€7,542 | -85.9% |
| Trade debts | 44 | €8,778 | €1,237 | -€7,542 | -85.9% |
| Suppliers | 440/4 | €8,778 | €1,237 | -€7,542 | -85.9% |
| Accrued charges and deferred income | 492/3 | - | €58 | +€58 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,810 | €7,550 | -€2,260 | -23.0% |
| Other operating charges | 640/8 | €1,237 | €1,050 | -€187 | -15.1% |
| Gross operating margin | 9900 | -€10,224 | €5,280 | +€15,504 | |
| Operating profit (loss) | 9901 | -€21,271 | -€3,321 | +€17,951 | +84.4% |
| Financial income | 75/76B | €345 | €209 | -€136 | -39.5% |
| Recurring financial income | 75 | €345 | €209 | -€136 | -39.5% |
| Financial charges | 65/66B | €148 | €148 | +€0 | +0.1% |
| Recurring financial charges | 65 | €148 | €148 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€21,074 | -€3,260 | +€17,814 | +84.5% |
| Income taxes | 67/77 | €470 | €489 | +€19 | +4.1% |
| Profit (loss) for the period | 9904 | -€21,545 | -€3,750 | +€17,795 | +82.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,545 | -€3,750 | +€17,795 | +82.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.