REBETEC: what changed
What changed
REBETEC
NACE 43.310, Plastering work
filed annual accounts (NBB)
Net result for the year
€31,292
2025 · €45,066-€13,775
Equity
€179,309
2025 · €148,017+€31,292
Cash
€6,900
2025 · €5,321+€1,578
Balance sheet total
€230,411
2025 · €240,236-€9,825
Largest movements
Assets
- Tangible fixed assets -€18,021
down €18,021 (-35.8%), from €50,352 to €32,331
of which Furniture and vehicles: -€12,610
- Receivables within one year +€7,674
up €7,674 (+4.2%), from €183,506 to €191,181
of which Other amounts receivable: +€15,451
Equity and liabilities
- Reserves +€31,292
up €31,292 (+1,682%), from €1,860 to €33,152
of which Distributable reserves: +€31,292
- Trade debts -€21,266
down €21,266 (-86.5%), from €24,572 to €3,306
- Debts after one year -€17,801
down €17,801 (-65.7%), from €27,110 to €9,309
- Other debts -€10,000
no longer reported in 2026 (was €10,000)
- Current portion of long-term debt +€6,789
up €6,789 (+269%), from €2,527 to €9,315
Income statement
- Purchases and services -€58,347
down €58,347 (-15.0%), from €389,519 to €331,172
- Turnover -€51,819
down €51,819 (-11.3%), from €460,030 to €408,211
- Taxes +€17,642
new in 2026: €17,642
- Gross operating margin +€7,541
up €7,541 (+10.2%), from €74,185 to €81,726
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€45,066
Gross operating margin
+€7,541
Depreciation
-€310
Other operating charges
+€254
Financial income
-€7
Financial charges
-€3,610
Taxes
-€17,642
Result 2026
€31,292
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€17,349
Investment
-€1,769
Financing
-€14,002
Cash 2025
€5,321
From operations (derived)
+€17,349
Net result for the year
+€31,292
Depreciation
+€19,790
Receivables within one year
-€7,674
Deferred charges and accrued income
+€1,056
Trade debts
-€21,266
Tax, wage and social debts
+€4,951
Other debts
-€10,000
Accrued charges and deferred income
-€800
Investment (derived)
-€1,769
Investment in fixed assets (net)
-€1,769
Financing
-€14,002
Debts after one year
-€17,801
Current portion of long-term debt
+€6,789
Short-term financial debts
-€2,990
Cash 2026
€6,900
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €240,236 | €230,411 | -€9,825 | -4.1% |
| Fixed assets | 21/28 | €50,352 | €32,331 | -€18,021 | -35.8% |
| Tangible fixed assets | 22/27 | €50,352 | €32,331 | -€18,021 | -35.8% |
| Plant, machinery and equipment | 23 | €15,057 | €9,646 | -€5,411 | -35.9% |
| Furniture and vehicles | 24 | €35,295 | €22,685 | -€12,610 | -35.7% |
| Current assets | 29/58 | €189,884 | €198,081 | +€8,197 | +4.3% |
| Amounts receivable within one year | 40/41 | €183,506 | €191,181 | +€7,674 | +4.2% |
| Trade receivables | 40 | €44,297 | €36,521 | -€7,776 | -17.6% |
| Other amounts receivable | 41 | €139,209 | €154,660 | +€15,451 | +11.1% |
| Cash at bank and in hand | 54/58 | €5,321 | €6,900 | +€1,578 | +29.7% |
| Deferred charges and accrued income | 490/1 | €1,056 | - | -€1,056 | |
| Total equity and liabilities | 10/49 | €240,236 | €230,411 | -€9,825 | -4.1% |
| Equity | 10/15 | €148,017 | €179,309 | +€31,292 | +21.1% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €33,152 | +€31,292 | +1,682% |
| 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 | - | €31,292 | +€31,292 | |
| Profit (loss) carried forward | 14 | €137,957 | €137,957 | = | 0.0% |
| Amounts payable | 17/49 | €92,219 | €51,102 | -€41,116 | -44.6% |
| Amounts payable after more than one year | 17 | €27,110 | €9,309 | -€17,801 | -65.7% |
| Financial debts | 170/4 | €27,110 | €9,309 | -€17,801 | -65.7% |
| Amounts payable within one year | 42/48 | €61,909 | €39,393 | -€22,516 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €2,527 | €9,315 | +€6,789 | +269% |
| Financial debts | 43 | €24,530 | €21,540 | -€2,990 | -12.2% |
| Credit institutions | 430/8 | €24,530 | €21,540 | -€2,990 | -12.2% |
| Trade debts | 44 | €24,572 | €3,306 | -€21,266 | -86.5% |
| Suppliers | 440/4 | €24,572 | €3,306 | -€21,266 | -86.5% |
| Taxes, remuneration and social security | 45 | €281 | €5,232 | +€4,951 | +1,763% |
| Taxes | 450/3 | €281 | €5,232 | +€4,951 | +1,763% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Accrued charges and deferred income | 492/3 | €3,200 | €2,400 | -€800 | -25.0% |
| Turnover | 70 | €460,030 | €408,211 | -€51,819 | -11.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €389,519 | €331,172 | -€58,347 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,480 | €19,790 | +€310 | +1.6% |
| Other operating charges | 640/8 | €1,352 | €1,098 | -€254 | -18.8% |
| Gross operating margin | 9900 | €74,185 | €81,726 | +€7,541 | +10.2% |
| Operating profit (loss) | 9901 | €53,354 | €60,838 | +€7,485 | +14.0% |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.4% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.4% |
| Financial charges | 65/66B | €8,294 | €11,905 | +€3,610 | +43.5% |
| Recurring financial charges | 65 | €8,294 | €11,905 | +€3,610 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €45,066 | €48,934 | +€3,868 | +8.6% |
| Income taxes | 67/77 | - | €17,642 | +€17,642 | |
| Profit (loss) for the period | 9904 | €45,066 | €31,292 | -€13,775 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,066 | €31,292 | -€13,775 | -30.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.