REBO-CONSTRUCT: what changed
What changed
REBO-CONSTRUCT
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€332,998
2024 · €194,671+€138,327
Equity
€657,911
2024 · €559,040+€98,871
Cash
€1.1m
2024 · €213,735+€904,726
Balance sheet total
€1.8m
2024 · €1.6m+€146,748
Largest movements
Assets
- Cash +€904,726
up €904,726 (+423%), from €213,735 to €1.1m
mainly Receivables within one year (+€388,988) and Net result for the year (+€332,998)
- Receivables within one year -€388,988
down €388,988 (-74.2%), from €524,165 to €135,177
of which Trade receivables: -€394,722
- Stocks and contracts -€261,045
down €261,045 (-60.1%), from €434,120 to €173,076
of which Stocks: -€132,248
- Receivables after one year -€100,770
down €100,770 (-30.3%), from €332,134 to €231,364
Equity and liabilities
- Other debts +€183,531
up €183,531 (+112%), from €163,167 to €346,698
- Short-term financial debts -€132,535
no longer reported in 2025 (was €132,535)
- Reserves +€100,537
up €100,537 (+18.6%), from €539,309 to €639,846
- Debts after one year -€30,602
down €30,602 (-28.7%), from €106,459 to €75,858
- Trade debts +€25,663
up €25,663 (+12.1%), from €212,103 to €237,765
Income statement
- Gross operating margin +€252,680
up €252,680 (+36.4%), from €694,847 to €947,527
- Staff costs +€63,043
up €63,043 (+18.0%), from €350,741 to €413,784
- Taxes +€60,506
up €60,506 (+70.9%), from €85,383 to €145,889
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.
Result 2024
€194,671
Gross operating margin
+€252,680
Staff costs
-€63,043
Depreciation
+€2,924
Other operating charges
-€1,134
Financial income
+€3,161
Financial charges
+€4,246
Taxes
-€60,506
Result 2025
€332,998
raises the resultlowers the result
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.
From operations
+€1.4m
Investment
-€43,887
Financing
-€404,670
Cash 2024
€213,735
From operations (derived)
+€1.4m
Net result for the year
+€332,998
Depreciation
+€51,669
Receivables after one year
+€100,770
Stocks and contracts
+€261,045
Receivables within one year
+€388,988
Deferred charges and accrued income
-€608
Trade debts
+€25,663
Tax, wage and social debts
-€11,464
Advances received
+€19,695
Other debts
+€183,531
Accrued charges and deferred income
+€995
Investment (derived)
-€43,887
Investment in fixed assets (net)
-€43,887
Financing
-€404,670
Debts after one year
-€30,602
Current portion of long-term debt
-€7,407
Short-term financial debts
-€132,535
Contributions, distributions and other
-€234,127
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,624,281 | €1,771,030 | +€146,748 | +9.0% |
| Fixed assets | 21/28 | €104,971 | €97,189 | -€7,782 | -7.4% |
| Tangible fixed assets | 22/27 | €104,086 | €96,554 | -€7,532 | -7.2% |
| Land and buildings | 22 | €56,750 | €32,178 | -€24,571 | -43.3% |
| Plant, machinery and equipment | 23 | €31,277 | €20,811 | -€10,466 | -33.5% |
| Furniture and vehicles | 24 | €15,740 | €36,444 | +€20,705 | +132% |
| Other tangible fixed assets | 26 | €319 | €7,120 | +€6,801 | +2,130% |
| Financial fixed assets | 28 | €885 | €635 | -€250 | -28.2% |
| Current assets | 29/58 | €1,519,310 | €1,673,841 | +€154,530 | +10.2% |
| Amounts receivable after more than one year | 29 | €332,134 | €231,364 | -€100,770 | -30.3% |
| Other amounts receivable | 291 | €332,134 | €231,364 | -€100,770 | -30.3% |
| Stocks and contracts in progress | 3 | €434,120 | €173,076 | -€261,045 | -60.1% |
| Stocks | 30/36 | €293,891 | €161,643 | -€132,248 | -45.0% |
| Contracts in progress | 37 | €140,230 | €11,433 | -€128,797 | -91.8% |
| Amounts receivable within one year | 40/41 | €524,165 | €135,177 | -€388,988 | -74.2% |
| Trade receivables | 40 | €480,082 | €85,360 | -€394,722 | -82.2% |
| Other amounts receivable | 41 | €44,083 | €49,817 | +€5,734 | +13.0% |
| Cash at bank and in hand | 54/58 | €213,735 | €1,118,460 | +€904,726 | +423% |
| Deferred charges and accrued income | 490/1 | €15,156 | €15,763 | +€608 | +4.0% |
| Total equity and liabilities | 10/49 | €1,624,281 | €1,771,030 | +€146,748 | +9.0% |
| Equity | 10/15 | €559,040 | €657,911 | +€98,871 | +17.7% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Reserves | 13 | €539,309 | €639,846 | +€100,537 | +18.6% |
| Distributable reserves | 133 | €539,309 | €639,846 | +€100,537 | +18.6% |
| Profit (loss) carried forward | 14 | €13,530 | €11,864 | -€1,666 | -12.3% |
| Amounts payable | 17/49 | €1,065,241 | €1,113,118 | +€47,877 | +4.5% |
| Amounts payable after more than one year | 17 | €106,459 | €75,858 | -€30,602 | -28.7% |
| Financial debts | 170/4 | €106,459 | €75,858 | -€30,602 | -28.7% |
| Amounts payable within one year | 42/48 | €958,782 | €1,036,265 | +€77,483 | +8.1% |
| Current portion of amounts payable after more than one year | 42 | €38,008 | €30,602 | -€7,407 | -19.5% |
| Financial debts | 43 | €132,535 | - | -€132,535 | |
| Credit institutions | 430/8 | €132,535 | - | -€132,535 | |
| Trade debts | 44 | €212,103 | €237,765 | +€25,663 | +12.1% |
| Suppliers | 440/4 | €212,103 | €237,765 | +€25,663 | +12.1% |
| Advances received on contracts in progress | 46 | €301,278 | €320,973 | +€19,695 | +6.5% |
| Taxes, remuneration and social security | 45 | €111,691 | €100,227 | -€11,464 | -10.3% |
| Taxes | 450/3 | €93,957 | €85,797 | -€8,161 | -8.7% |
| Remuneration and social security | 454/9 | €17,733 | €14,430 | -€3,303 | -18.6% |
| Other amounts payable | 47/48 | €163,167 | €346,698 | +€183,531 | +112% |
| Accrued charges and deferred income | 492/3 | - | €995 | +€995 | |
| Non-recurring operating income | 76A | €5,831 | €33,100 | +€27,269 | +468% |
| Remuneration, social security and pensions | 62 | €350,741 | €413,784 | +€63,043 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,593 | €51,669 | -€2,924 | -5.4% |
| Other operating charges | 640/8 | €6,965 | €8,100 | +€1,134 | +16.3% |
| Gross operating margin | 9900 | €694,847 | €947,527 | +€252,680 | +36.4% |
| Operating profit (loss) | 9901 | €282,549 | €473,975 | +€191,426 | +67.7% |
| Financial income | 75/76B | €17,940 | €21,102 | +€3,161 | +17.6% |
| Recurring financial income | 75 | €17,940 | €21,102 | +€3,161 | +17.6% |
| Financial charges | 65/66B | €20,435 | €16,189 | -€4,246 | -20.8% |
| Recurring financial charges | 65 | €20,435 | €16,189 | -€4,246 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €280,054 | €478,887 | +€198,833 | +71.0% |
| Income taxes | 67/77 | €85,383 | €145,889 | +€60,506 | +70.9% |
| Profit (loss) for the period | 9904 | €194,671 | €332,998 | +€138,327 | +71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €194,671 | €332,998 | +€138,327 | +71.1% |
Next steps
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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 3 November 2026 via checked.be.