REBENI: what changed
REBENI
Largest movements
- Intangible fixed assets -€11,958
no longer reported in 2025 (was €11,958)
- Receivables within one year +€1,854
up €1,854 (+72.8%), from €2,549 to €4,403
of which Other amounts receivable: +€1,509
- Stocks and contracts -€1,474
no longer reported in 2025 (was €1,474)
of which Contracts in progress: -€1,260
- Cash -€361
down €361 (-4.1%), from €8,822 to €8,461
mainly Other debts (-€7,620) and Debts after one year (-€5,239)
- Deferred charges and accrued income -€322
down €322 (-20.9%), from €1,543 to €1,221
- Other debts -€7,620
down €7,620 (-41.1%), from €18,531 to €10,911
- Debts after one year -€5,239
down €5,239 (-25.1%), from €20,875 to €15,636
- Trade debts +€1,694
up €1,694 (+37.8%), from €4,487 to €6,181
- Tax, wage and social debts -€795
no longer reported in 2025 (was €795)
- Gross operating margin -€12,203
down €12,203 (-46.4%), from €26,300 to €14,097
- Depreciation -€9,178
down €9,178 (-41.8%), from €21,978 to €12,800
- Financial charges -€1,424
down €1,424 (-60.9%), from €2,336 to €912
- Other operating charges -€1,392
down €1,392 (-77.3%), from €1,802 to €410
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,798 | €15,381 | -€12,417 | -44.7% |
| Fixed assets | 21/28 | €13,411 | €1,296 | -€12,115 | -90.3% |
| Intangible fixed assets | 21 | €11,958 | - | -€11,958 | |
| Tangible fixed assets | 22/27 | €1,102 | €946 | -€156 | -14.2% |
| Furniture and vehicles | 24 | €1,102 | €946 | -€156 | -14.2% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €14,387 | €14,085 | -€303 | -2.1% |
| Stocks and contracts in progress | 3 | €1,474 | - | -€1,474 | |
| Stocks | 30/36 | €214 | - | -€214 | |
| Contracts in progress | 37 | €1,260 | - | -€1,260 | |
| Amounts receivable within one year | 40/41 | €2,549 | €4,403 | +€1,854 | +72.8% |
| Trade receivables | 40 | €2,549 | €2,894 | +€345 | +13.5% |
| Other amounts receivable | 41 | - | €1,509 | +€1,509 | |
| Cash at bank and in hand | 54/58 | €8,822 | €8,461 | -€361 | -4.1% |
| Deferred charges and accrued income | 490/1 | €1,543 | €1,221 | -€322 | -20.9% |
| Total equity and liabilities | 10/49 | €27,798 | €15,381 | -€12,417 | -44.7% |
| Equity | 10/15 | -€22,371 | -€22,586 | -€215 | -1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €154 | €154 | = | 0.0% |
| Tax-exempt reserves | 132 | €154 | €154 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,725 | -€28,941 | -€215 | -0.7% |
| Amounts payable | 17/49 | €50,169 | €37,967 | -€12,202 | -24.3% |
| Amounts payable after more than one year | 17 | €20,875 | €15,636 | -€5,239 | -25.1% |
| Financial debts | 170/4 | €20,875 | €15,636 | -€5,239 | -25.1% |
| Amounts payable within one year | 42/48 | €29,294 | €22,331 | -€6,963 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €5,482 | €5,239 | -€243 | -4.4% |
| Trade debts | 44 | €4,487 | €6,181 | +€1,694 | +37.8% |
| Suppliers | 440/4 | €4,487 | €6,181 | +€1,694 | +37.8% |
| Taxes, remuneration and social security | 45 | €795 | - | -€795 | |
| Taxes | 450/3 | €795 | - | -€795 | |
| Other amounts payable | 47/48 | €18,531 | €10,911 | -€7,620 | -41.1% |
| Non-recurring operating income | 76A | €2,338 | - | -€2,338 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,978 | €12,800 | -€9,178 | -41.8% |
| Other operating charges | 640/8 | €1,802 | €410 | -€1,392 | -77.3% |
| Non-recurring operating charges | 66A | €126 | €190 | +€64 | +50.8% |
| Gross operating margin | 9900 | €26,300 | €14,097 | -€12,203 | -46.4% |
| Operating profit (loss) | 9901 | €2,395 | €697 | -€1,697 | -70.9% |
| Financial charges | 65/66B | €2,336 | €912 | -€1,424 | -60.9% |
| Recurring financial charges | 65 | €2,336 | €912 | -€1,424 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €58 | -€215 | -€274 | |
| Income taxes | 67/77 | €158 | - | -€158 | |
| Profit (loss) for the period | 9904 | -€100 | -€215 | -€115 | -116% |
| Profit (loss) for the period to be appropriated | 9905 | -€100 | -€215 | -€115 | -116% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.