ReBoFlex: 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.
ReBoFlex
Largest movements
- Stocks and contracts +€11,501
up €11,501 (+2.0%), from €567,184 to €578,685
- Cash +€9,782
new in 2025: €9,782
mainly Current portion of long-term debt (+€225,000) and Net result for the year (+€15,657)
- Short-term financial debts -€228,395
down €228,395 (-100.0%), from €228,395 to €0
- Current portion of long-term debt +€225,000
up €225,000, from €0 to €225,000
- Other debts +€14,273
up €14,273 (+5.3%), from €268,225 to €282,497
- Profit (loss) carried forward +€12,657
up €12,657 (+33.0%), from €38,327 to €50,985
- Gross operating margin +€16,095
up €16,095 (+71.4%), from €22,554 to €38,649
- Taxes +€3,503
up €3,503 (+532.6%), from €658 to €4,161
- Financial charges -€2,912
down €2,912 (-17.8%), from €16,365 to €13,453
- Financial income -€595
down €595 (-63.2%), from €940 to €346
- Other operating charges +€481
up €481 (+25.5%), from €1,884 to €2,365
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 | €609,183 | €633,795 | +€24,612 | +4.0% |
| Fixed assets | 21/28 | €30,376 | €28,279 | -€2,097 | -6.9% |
| Tangible fixed assets | 22/27 | €28,436 | €26,339 | -€2,097 | -7.4% |
| Land and buildings | 22 | €26,286 | €24,844 | -€1,441 | -5.5% |
| Furniture and vehicles | 24 | €2,151 | €1,495 | -€656 | -30.5% |
| Financial fixed assets | 28 | €1,940 | €1,940 | = | 0.0% |
| Current assets | 29/58 | €578,807 | €605,516 | +€26,709 | +4.6% |
| Stocks and contracts in progress | 3 | €567,184 | €578,685 | +€11,501 | +2.0% |
| Stocks | 30/36 | €567,184 | €578,685 | +€11,501 | +2.0% |
| Amounts receivable within one year | 40/41 | €9,347 | €13,842 | +€4,495 | +48.1% |
| Trade receivables | 40 | €9,030 | €12,790 | +€3,760 | +41.6% |
| Other amounts receivable | 41 | €317 | €1,052 | +€735 | +232.1% |
| Cash at bank and in hand | 54/58 | - | €9,782 | +€9,782 | |
| Deferred charges and accrued income | 490/1 | €2,275 | €3,208 | +€932 | +41.0% |
| Total equity and liabilities | 10/49 | €609,183 | €633,795 | +€24,612 | +4.0% |
| Equity | 10/15 | €72,587 | €85,245 | +€12,657 | +17.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| 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 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,327 | €50,985 | +€12,657 | +33.0% |
| Amounts payable | 17/49 | €536,596 | €548,551 | +€11,955 | +2.2% |
| Amounts payable within one year | 42/48 | €536,596 | €548,551 | +€11,955 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €225,000 | +€225,000 | |
| Financial debts | 43 | €228,395 | €0 | -€228,395 | -100.0% |
| Credit institutions | 430/8 | €228,395 | €0 | -€228,395 | -100.0% |
| Trade debts | 44 | €37,973 | €36,235 | -€1,738 | -4.6% |
| Suppliers | 440/4 | €37,973 | €36,235 | -€1,738 | -4.6% |
| Taxes, remuneration and social security | 45 | €2,004 | €4,818 | +€2,815 | +140.5% |
| Taxes | 450/3 | €2,004 | €4,818 | +€2,815 | +140.5% |
| Other amounts payable | 47/48 | €268,225 | €282,497 | +€14,273 | +5.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,342 | €3,359 | +€17 | +0.5% |
| Other operating charges | 640/8 | €1,884 | €2,365 | +€481 | +25.5% |
| Gross operating margin | 9900 | €22,554 | €38,649 | +€16,095 | +71.4% |
| Operating profit (loss) | 9901 | €17,328 | €32,925 | +€15,597 | +90.0% |
| Financial income | 75/76B | €940 | €346 | -€595 | -63.2% |
| Recurring financial income | 75 | €940 | €346 | -€595 | -63.2% |
| Financial charges | 65/66B | €16,365 | €13,453 | -€2,912 | -17.8% |
| Recurring financial charges | 65 | €16,365 | €13,453 | -€2,912 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €1,903 | €19,818 | +€17,915 | +941.3% |
| Income taxes | 67/77 | €658 | €4,161 | +€3,503 | +532.6% |
| Profit (loss) for the period | 9904 | €1,246 | €15,657 | +€14,412 | +1157.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,246 | €15,657 | +€14,412 | +1157.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.