Rebin: 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.
Rebin
Largest movements
- Tangible fixed assets +€74,385
up €74,385 (+203.9%), from €36,488 to €110,873
- Receivables within one year +€23,912
up €23,912 (+118.3%), from €20,208 to €44,120
of which Trade receivables: +€20,782
- Cash -€5,302
down €5,302 (-10.8%), from €49,297 to €43,995
mainly Investment in fixed assets (net) (-€90,977) and Receivables within one year (-€23,912)
- Intangible fixed assets -€5,106
down €5,106 (-27.1%), from €18,847 to €13,741
- Accrued charges and deferred income +€77,284
up €77,284 (+650.6%), from €11,878 to €89,162
- Investment grants -€10,000
down €10,000 (-21.8%), from €45,774 to €35,774
- Profit (loss) carried forward +€7,561
up €7,561, from -€7,561 to €0
- Reserves +€6,064
new in 2025: €6,064
- Tax, wage and social debts +€2,975
new in 2025: €2,975
- Gross operating margin +€34,515
up €34,515, from -€7,306 to €27,209
- Depreciation +€12,703
up €12,703 (+118.0%), from €10,762 to €23,466
- Financial income +€5,908
up €5,908 (+139.7%), from €4,230 to €10,139
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 | €136,209 | €220,390 | +€84,181 | +61.8% |
| Formation expenses | 20 | €8,126 | €6,358 | -€1,767 | -21.7% |
| Fixed assets | 21/28 | €55,335 | €124,613 | +€69,279 | +125.2% |
| Intangible fixed assets | 21 | €18,847 | €13,741 | -€5,106 | -27.1% |
| Tangible fixed assets | 22/27 | €36,488 | €110,873 | +€74,385 | +203.9% |
| Other tangible fixed assets | 26 | €36,488 | €110,873 | +€74,385 | +203.9% |
| Current assets | 29/58 | €72,749 | €89,419 | +€16,669 | +22.9% |
| Amounts receivable within one year | 40/41 | €20,208 | €44,120 | +€23,912 | +118.3% |
| Trade receivables | 40 | €17,158 | €37,940 | +€20,782 | +121.1% |
| Other amounts receivable | 41 | €3,051 | €6,180 | +€3,130 | +102.6% |
| Cash at bank and in hand | 54/58 | €49,297 | €43,995 | -€5,302 | -10.8% |
| Deferred charges and accrued income | 490/1 | €3,244 | €1,303 | -€1,941 | -59.8% |
| Total equity and liabilities | 10/49 | €136,209 | €220,390 | +€84,181 | +61.8% |
| Equity | 10/15 | €118,188 | €121,813 | +€3,625 | +3.1% |
| Contributions | 10/11 | €79,975 | €79,975 | = | 0.0% |
| Reserves | 13 | - | €6,064 | +€6,064 | |
| Distributable reserves | 133 | - | €6,064 | +€6,064 | |
| Profit (loss) carried forward | 14 | -€7,561 | €0 | +€7,561 | |
| Investment grants | 15 | €45,774 | €35,774 | -€10,000 | -21.8% |
| Amounts payable | 17/49 | €18,022 | €98,578 | +€80,556 | +447.0% |
| Amounts payable within one year | 42/48 | €6,143 | €9,416 | +€3,272 | +53.3% |
| Financial debts | 43 | €236 | €535 | +€299 | +126.7% |
| Credit institutions | 430/8 | €236 | €535 | +€299 | +126.7% |
| Trade debts | 44 | €5,907 | €5,905 | -€2 | 0.0% |
| Suppliers | 440/4 | €5,907 | €5,905 | -€2 | 0.0% |
| Taxes, remuneration and social security | 45 | - | €2,975 | +€2,975 | |
| Remuneration and social security | 454/9 | - | €2,975 | +€2,975 | |
| Accrued charges and deferred income | 492/3 | €11,878 | €89,162 | +€77,284 | +650.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,762 | €23,466 | +€12,703 | +118.0% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Non-recurring operating charges | 66A | -€6,311 | €0 | +€6,311 | |
| Gross operating margin | 9900 | -€7,306 | €27,209 | +€34,515 | |
| Operating profit (loss) | 9901 | -€11,757 | €3,599 | +€15,357 | |
| Financial income | 75/76B | €4,230 | €10,139 | +€5,908 | +139.7% |
| Recurring financial income | 75 | €4,230 | €10,139 | +€5,908 | +139.7% |
| Financial charges | 65/66B | €34 | €72 | +€37 | +108.8% |
| Recurring financial charges | 65 | €34 | €72 | +€37 | +108.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,561 | €13,667 | +€21,228 | |
| Income taxes | 67/77 | - | €42 | +€42 | |
| Profit (loss) for the period | 9904 | -€7,561 | €13,625 | +€21,186 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,561 | €13,625 | +€21,186 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.