Rebels: 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.
Rebels
Largest movements
- Receivables within one year +€5,309
up €5,309 (+25.6%), from €20,728 to €26,038
of which Trade receivables: +€5,227
- Cash +€1,567
up €1,567 (+557.5%), from €281 to €1,848
mainly Trade debts (+€7,477) and Tax, wage and social debts (+€899)
- Trade debts +€7,477
up €7,477 (+53.4%), from €14,000 to €21,477
- Reserves -€1,500
down €1,500 (-45.5%), from €3,298 to €1,798
- Tax, wage and social debts +€899
up €899 (+52.6%), from €1,711 to €2,611
- Gross operating margin -€836
down €836 (-24.7%), from €3,385 to €2,549
- Financial charges -€587
down €587 (-55.8%), from €1,052 to €465
- Taxes -€557
down €557 (-100.0%), from €557 to €0
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 | €21,009 | €27,886 | +€6,876 | +32.7% |
| Current assets | 29/58 | €21,009 | €27,886 | +€6,876 | +32.7% |
| Amounts receivable within one year | 40/41 | €20,728 | €26,038 | +€5,309 | +25.6% |
| Trade receivables | 40 | €2,325 | €7,552 | +€5,227 | +224.8% |
| Other amounts receivable | 41 | €18,403 | €18,486 | +€82 | +0.4% |
| Cash at bank and in hand | 54/58 | €281 | €1,848 | +€1,567 | +557.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €21,009 | €27,886 | +€6,876 | +32.7% |
| Equity | 10/15 | €5,298 | €3,798 | -€1,500 | -28.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €3,298 | €1,798 | -€1,500 | -45.5% |
| Distributable reserves | 133 | €3,298 | €1,798 | -€1,500 | -45.5% |
| Amounts payable | 17/49 | €15,711 | €24,087 | +€8,376 | +53.3% |
| Amounts payable within one year | 42/48 | €15,711 | €24,087 | +€8,376 | +53.3% |
| Trade debts | 44 | €14,000 | €21,477 | +€7,477 | +53.4% |
| Suppliers | 440/4 | €14,000 | €21,477 | +€7,477 | +53.4% |
| Taxes, remuneration and social security | 45 | €1,711 | €2,611 | +€899 | +52.6% |
| Taxes | 450/3 | €1,711 | €2,611 | +€899 | +52.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €3,239 | +€3,239 | |
| Gross operating margin | 9900 | €3,385 | €2,549 | -€836 | -24.7% |
| Operating profit (loss) | 9901 | €2,998 | -€1,089 | -€4,087 | |
| Financial income | 75/76B | €37 | €55 | +€18 | +47.3% |
| Recurring financial income | 75 | €37 | €55 | +€18 | +47.3% |
| Financial charges | 65/66B | €1,052 | €465 | -€587 | -55.8% |
| Recurring financial charges | 65 | €1,052 | €465 | -€587 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €1,983 | -€1,500 | -€3,483 | |
| Income taxes | 67/77 | €557 | €0 | -€557 | -100.0% |
| Profit (loss) for the period | 9904 | €1,426 | -€1,500 | -€2,926 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,426 | -€1,500 | -€2,926 |
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 29 September 2026 via checked.be.