Rebo Projects: 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.
Rebo Projects
Largest movements
- Receivables within one year +€8,452
up €8,452 (+87.3%), from €9,676 to €18,127
of which Trade receivables: +€8,188
- Tangible fixed assets -€544
down €544 (-1.9%), from €29,334 to €28,790
of which Plant, machinery and equipment: -€544
- Reserves +€7,072
up €7,072 (+679.2%), from €1,041 to €8,113
of which Distributable reserves: +€7,072
- Other debts -€6,213
down €6,213 (-59.7%), from €10,414 to €4,201
- Profit (loss) carried forward +€5,748
no longer reported in 2025 (was -€5,748)
- Accrued charges and deferred income +€1,993
up €1,993 (+104.3%), from €1,911 to €3,904
- Trade debts -€1,153
down €1,153 (-12.6%), from €9,188 to €8,034
- Gross operating margin +€18,027
up €18,027 (+40.0%), from €45,075 to €63,102
- Staff costs +€4,187
up €4,187 (+9.6%), from €43,750 to €47,937
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,010 | €46,917 | +€7,908 | +20.3% |
| Fixed assets | 21/28 | €29,334 | €28,790 | -€544 | -1.9% |
| Tangible fixed assets | 22/27 | €29,334 | €28,790 | -€544 | -1.9% |
| Land and buildings | 22 | €27,500 | €27,500 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,834 | €1,290 | -€544 | -29.7% |
| Current assets | 29/58 | €9,676 | €18,127 | +€8,452 | +87.3% |
| Amounts receivable within one year | 40/41 | €9,676 | €18,127 | +€8,452 | +87.3% |
| Trade receivables | 40 | €7,201 | €15,389 | +€8,188 | +113.7% |
| Other amounts receivable | 41 | €2,475 | €2,738 | +€263 | +10.6% |
| Total equity and liabilities | 10/49 | €39,010 | €46,917 | +€7,908 | +20.3% |
| Equity | 10/15 | €16,293 | €29,113 | +€12,820 | +78.7% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €1,041 | €8,113 | +€7,072 | +679.2% |
| Non-distributable reserves | 130/1 | €1,041 | €1,041 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,041 | €1,041 | = | 0.0% |
| Distributable reserves | 133 | - | €7,072 | +€7,072 | |
| Profit (loss) carried forward | 14 | -€5,748 | - | +€5,748 | |
| Amounts payable | 17/49 | €22,717 | €17,804 | -€4,913 | -21.6% |
| Amounts payable within one year | 42/48 | €20,805 | €13,900 | -€6,905 | -33.2% |
| Trade debts | 44 | €9,188 | €8,034 | -€1,153 | -12.6% |
| Suppliers | 440/4 | €9,188 | €8,034 | -€1,153 | -12.6% |
| Taxes, remuneration and social security | 45 | €1,203 | €1,664 | +€461 | +38.3% |
| Taxes | 450/3 | €1,203 | €3 | -€1,201 | -99.8% |
| Remuneration and social security | 454/9 | - | €1,661 | +€1,661 | |
| Other amounts payable | 47/48 | €10,414 | €4,201 | -€6,213 | -59.7% |
| Accrued charges and deferred income | 492/3 | €1,911 | €3,904 | +€1,993 | +104.3% |
| Remuneration, social security and pensions | 62 | €43,750 | €47,937 | +€4,187 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342 | €544 | +€202 | +59.1% |
| Other operating charges | 640/8 | €194 | €514 | +€319 | +164.4% |
| Gross operating margin | 9900 | €45,075 | €63,102 | +€18,027 | +40.0% |
| Operating profit (loss) | 9901 | €789 | €14,108 | +€13,319 | +1688.1% |
| Financial income | 75/76B | - | €73 | +€73 | |
| Recurring financial income | 75 | - | €73 | +€73 | |
| Financial charges | 65/66B | €958 | €1,360 | +€402 | +42.0% |
| Recurring financial charges | 65 | €958 | €1,360 | +€402 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | -€169 | €12,820 | +€12,989 | |
| Income taxes | 67/77 | €460 | - | -€460 | |
| Profit (loss) for the period | 9904 | -€629 | €12,820 | +€13,449 | |
| Profit (loss) for the period to be appropriated | 9905 | -€629 | €12,820 | +€13,449 |
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 12 October 2026 via checked.be.