REBONDS: what changed
Two fiscal 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.
REBONDS
Largest movements
- Cash +€18,758
up €18,758 (+6.2%), from €302,733 to €321,491
mainly Accrued charges and deferred income (+€50,119) and Deferred charges and accrued income (+€5,671)
- Receivables within one year +€13,593
up €13,593 (+17.9%), from €76,097 to €89,690
- Deferred charges and accrued income -€5,671
down €5,671 (-87.5%), from €6,480 to €809
- Accrued charges and deferred income +€50,119
up €50,119 (+78.0%), from €64,292 to €114,411
- Debts within one year -€24,593
down €24,593 (-11.0%), from €224,539 to €199,946
- Gross operating margin +€41,774
up €41,774 (+7.4%), from €563,028 to €604,802
- Staff costs +€41,167
up €41,167 (+7.3%), from €562,421 to €603,588
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 | €388,038 | €413,738 | +€25,700 | +6.6% |
| Fixed assets | 21/28 | €2,728 | €1,748 | -€980 | -35.9% |
| Tangible fixed assets | 22/27 | €2,728 | €1,748 | -€980 | -35.9% |
| Plant, machinery and equipment | 23 | €2,078 | €1,748 | -€330 | -15.9% |
| Furniture and vehicles | 24 | €650 | - | -€650 | |
| Current assets | 29/58 | €385,310 | €411,990 | +€26,680 | +6.9% |
| Amounts receivable within one year | 40/41 | €76,097 | €89,690 | +€13,593 | +17.9% |
| Other amounts receivable | 41 | €76,097 | €89,690 | +€13,593 | +17.9% |
| Cash at bank and in hand | 54/58 | €302,733 | €321,491 | +€18,758 | +6.2% |
| Deferred charges and accrued income | 490/1 | €6,480 | €809 | -€5,671 | -87.5% |
| Total equity and liabilities | 10/49 | €388,038 | €413,738 | +€25,700 | +6.6% |
| Equity | 10/15 | €99,207 | €99,381 | +€174 | +0.2% |
| Contributions | 10/11 | €4,410 | €4,410 | = | 0.0% |
| Capital | 10 | €4,410 | €4,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,797 | €94,971 | +€174 | +0.2% |
| Amounts payable | 17/49 | €288,831 | €314,357 | +€25,526 | +8.8% |
| Amounts payable within one year | 42/48 | €224,539 | €199,946 | -€24,593 | -11.0% |
| Trade debts | 44 | €1,966 | €1,646 | -€320 | -16.3% |
| Suppliers | 440/4 | €1,966 | €1,646 | -€320 | -16.3% |
| Taxes, remuneration and social security | 45 | €84,100 | €80,299 | -€3,801 | -4.5% |
| Taxes | 450/3 | €13,216 | €11,007 | -€2,209 | -16.7% |
| Remuneration and social security | 454/9 | €70,884 | €69,292 | -€1,592 | -2.2% |
| Accrued charges and deferred income | 492/3 | €64,292 | €114,411 | +€50,119 | +78.0% |
| Non-recurring operating income | 76A | - | €10 | +€10 | |
| Remuneration, social security and pensions | 62 | €562,421 | €603,588 | +€41,167 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €979 | €980 | +€1 | +0.1% |
| Non-recurring operating charges | 66A | €1,156 | €1,044 | -€112 | -9.7% |
| Gross operating margin | 9900 | €563,028 | €604,802 | +€41,774 | +7.4% |
| Operating profit (loss) | 9901 | -€1,528 | -€810 | +€718 | +47.0% |
| Financial income | 75/76B | €1,114 | €1,208 | +€94 | +8.4% |
| Recurring financial income | 75 | €1,114 | €1,208 | +€94 | +8.4% |
| Financial charges | 65/66B | €86 | €224 | +€138 | +160.5% |
| Recurring financial charges | 65 | €86 | €224 | +€138 | +160.5% |
| Profit (loss) for the period before taxes | 9903 | -€500 | €174 | +€674 | |
| Profit (loss) for the period | 9904 | -€500 | €174 | +€674 | |
| Profit (loss) for the period to be appropriated | 9905 | -€500 | €174 | +€674 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.