Rebelz: 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.
Rebelz
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€45,165
down €45,165 (-50.7%), from €89,124 to €43,959
of which Other amounts receivable: -€49,069
- Cash +€23,627
up €23,627 (+157%), from €15,037 to €38,664
mainly Net result for the year (+€121,902) and Current investments (+€100,000)
- Tangible fixed assets +€12,758
up €12,758 (+238%), from €5,353 to €18,111
of which Plant, machinery and equipment: +€13,185
- Profit (loss) carried forward -€123,098
down €123,098 (-86.1%), from €142,995 to €19,897
- Other debts +€28,436
new in 2025: €28,436
- Tax, wage and social debts -€13,965
down €13,965 (-20.6%), from €67,759 to €53,794
- Gross operating margin -€20,006
down €20,006 (-11.6%), from €172,977 to €152,971
- Taxes -€7,112
down €7,112 (-16.7%), from €42,468 to €35,356
- Depreciation +€2,485
up €2,485 (+56.0%), from €4,437 to €6,922
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 | €212,286 | €103,623 | -€108,663 | -51.2% |
| Formation expenses | 20 | €360 | €133 | -€227 | -63.1% |
| Fixed assets | 21/28 | €5,628 | €18,386 | +€12,758 | +227% |
| Tangible fixed assets | 22/27 | €5,353 | €18,111 | +€12,758 | +238% |
| Plant, machinery and equipment | 23 | €4,926 | €18,111 | +€13,185 | +268% |
| Furniture and vehicles | 24 | €427 | - | -€427 | |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €206,298 | €85,104 | -€121,194 | -58.7% |
| Amounts receivable within one year | 40/41 | €89,124 | €43,959 | -€45,165 | -50.7% |
| Trade receivables | 40 | €40,055 | €43,959 | +€3,904 | +9.7% |
| Other amounts receivable | 41 | €49,069 | - | -€49,069 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €15,037 | €38,664 | +€23,627 | +157% |
| Deferred charges and accrued income | 490/1 | €2,137 | €2,481 | +€344 | +16.1% |
| Total equity and liabilities | 10/49 | €212,286 | €103,623 | -€108,663 | -51.2% |
| Equity | 10/15 | €144,095 | €20,997 | -€123,098 | -85.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,995 | €19,897 | -€123,098 | -86.1% |
| Amounts payable | 17/49 | €68,191 | €82,626 | +€14,435 | +21.2% |
| Amounts payable within one year | 42/48 | €68,191 | €82,626 | +€14,435 | +21.2% |
| Trade debts | 44 | €432 | €396 | -€36 | -8.3% |
| Suppliers | 440/4 | €432 | €396 | -€36 | -8.3% |
| Taxes, remuneration and social security | 45 | €67,759 | €53,794 | -€13,965 | -20.6% |
| Taxes | 450/3 | €67,759 | €53,794 | -€13,965 | -20.6% |
| Other amounts payable | 47/48 | - | €28,436 | +€28,436 | |
| Remuneration, social security and pensions | 62 | €652 | €1,857 | +€1,205 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,437 | €6,922 | +€2,485 | +56.0% |
| Other operating charges | 640/8 | €431 | €372 | -€59 | -13.7% |
| Gross operating margin | 9900 | €172,977 | €152,971 | -€20,006 | -11.6% |
| Operating profit (loss) | 9901 | €167,457 | €143,820 | -€23,637 | -14.1% |
| Financial income | 75/76B | €14,670 | €13,578 | -€1,092 | -7.4% |
| Recurring financial income | 75 | €14,670 | €13,578 | -€1,092 | -7.4% |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €181,987 | €157,258 | -€24,729 | -13.6% |
| Income taxes | 67/77 | €42,468 | €35,356 | -€7,112 | -16.7% |
| Profit (loss) for the period | 9904 | €139,519 | €121,902 | -€17,617 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €139,519 | €121,902 | -€17,617 | -12.6% |
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 17 October 2026 via checked.be.