Rebex: 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.
Rebex
Largest movements
- Current investments +€400,000
new in 2025: €400,000
- Receivables within one year +€79,865
up €79,865 (+33.0%), from €242,086 to €321,952
of which Trade receivables: +€70,972
- Cash +€39,099
up €39,099 (+4.2%), from €938,766 to €977,866
mainly Trade debts (+€337,265) and Net result for the year (+€163,032)
- Tangible fixed assets -€38,810
down €38,810 (-50.6%), from €76,753 to €37,943
of which Furniture and vehicles: -€38,300
- Reserves +€400,000
up €400,000 (+533%), from €75,006 to €475,006
of which Non-distributable reserves: +€400,000
- Trade debts +€337,265
up €337,265 (+109%), from €309,541 to €646,806
- Profit (loss) carried forward -€133,808
down €133,808 (-52.0%), from €257,149 to €123,341
- Contributions -€103,160
down €103,160 (-25.0%), from €412,638 to €309,479
- Tax, wage and social debts -€25,197
down €25,197 (-13.2%), from €190,395 to €165,198
of which Remuneration and social security: -€18,621
- Staff costs +€94,276
up €94,276 (+7.8%), from €1.2m to €1.3m
- Depreciation -€33,367
down €33,367 (-46.6%), from €71,667 to €38,300
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 | €1,283,768 | €1,763,190 | +€479,422 | +37.3% |
| Fixed assets | 21/28 | €102,183 | €63,373 | -€38,810 | -38.0% |
| Tangible fixed assets | 22/27 | €76,753 | €37,943 | -€38,810 | -50.6% |
| Plant, machinery and equipment | 23 | €510 | - | -€510 | |
| Furniture and vehicles | 24 | €76,243 | €37,943 | -€38,300 | -50.2% |
| Financial fixed assets | 28 | €25,430 | €25,430 | = | 0.0% |
| Current assets | 29/58 | €1,181,585 | €1,699,817 | +€518,232 | +43.9% |
| Amounts receivable within one year | 40/41 | €242,086 | €321,952 | +€79,865 | +33.0% |
| Trade receivables | 40 | €197,726 | €268,698 | +€70,972 | +35.9% |
| Other amounts receivable | 41 | €44,361 | €53,254 | +€8,893 | +20.0% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €938,766 | €977,866 | +€39,099 | +4.2% |
| Deferred charges and accrued income | 490/1 | €732 | - | -€732 | |
| Total equity and liabilities | 10/49 | €1,283,768 | €1,763,190 | +€479,422 | +37.3% |
| Equity | 10/15 | €744,793 | €907,825 | +€163,032 | +21.9% |
| Contributions | 10/11 | €412,638 | €309,479 | -€103,160 | -25.0% |
| Reserves | 13 | €75,006 | €475,006 | +€400,000 | +533% |
| Non-distributable reserves | 130/1 | - | €400,000 | +€400,000 | |
| Own shares acquired | 1312 | - | €400,000 | +€400,000 | |
| Distributable reserves | 133 | €75,006 | €75,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | €257,149 | €123,341 | -€133,808 | -52.0% |
| Amounts payable | 17/49 | €538,975 | €855,365 | +€316,390 | +58.7% |
| Amounts payable within one year | 42/48 | €538,975 | €854,634 | +€315,659 | +58.6% |
| Trade debts | 44 | €309,541 | €646,806 | +€337,265 | +109% |
| Suppliers | 440/4 | €309,541 | €646,806 | +€337,265 | +109% |
| Taxes, remuneration and social security | 45 | €190,395 | €165,198 | -€25,197 | -13.2% |
| Taxes | 450/3 | €74,366 | €67,790 | -€6,576 | -8.8% |
| Remuneration and social security | 454/9 | €116,029 | €97,408 | -€18,621 | -16.0% |
| Other amounts payable | 47/48 | €39,039 | €42,630 | +€3,591 | +9.2% |
| Accrued charges and deferred income | 492/3 | - | €731 | +€731 | |
| Remuneration, social security and pensions | 62 | €1,214,175 | €1,308,450 | +€94,276 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,667 | €38,300 | -€33,367 | -46.6% |
| Other operating charges | 640/8 | €5,309 | €3,219 | -€2,091 | -39.4% |
| Gross operating margin | 9900 | €1,565,681 | €1,579,898 | +€14,217 | +0.9% |
| Operating profit (loss) | 9901 | €274,530 | €229,930 | -€44,600 | -16.2% |
| Financial income | 75/76B | €45 | €18 | -€27 | -60.1% |
| Recurring financial income | 75 | €45 | €18 | -€27 | -60.1% |
| Financial charges | 65/66B | €3,144 | €3,308 | +€164 | +5.2% |
| Recurring financial charges | 65 | €3,144 | €3,308 | +€164 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €271,431 | €226,640 | -€44,792 | -16.5% |
| Income taxes | 67/77 | €74,367 | €63,607 | -€10,760 | -14.5% |
| Profit (loss) for the period | 9904 | €197,065 | €163,032 | -€34,032 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €197,065 | €163,032 | -€34,032 | -17.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.