REBORN 2.0: 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.
REBORN 2.0
Largest movements
- Cash -€61,045
down €61,045 (-59.3%), from €102,875 to €41,830
mainly Contributions, distributions and other (-€147,893) and Other debts (-€76,293)
- Receivables within one year -€3,882
down €3,882 (-100%), from €3,882 to €0
of which Trade receivables: -€3,849
- Tangible fixed assets -€3,541
down €3,541 (-44.3%), from €8,001 to €4,460
- Other debts -€76,293
down €76,293 (-82.5%), from €92,486 to €16,193
- Tax, wage and social debts +€7,481
up €7,481 (+36.9%), from €20,261 to €27,742
- Gross operating margin +€13,651
up €13,651 (+7.3%), from €186,306 to €199,957
- Taxes +€3,755
up €3,755 (+8.7%), from €43,113 to €46,868
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.
Derived cash bridge
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 | €114,757 | €46,290 | -€68,467 | -59.7% |
| Fixed assets | 21/28 | €8,001 | €4,460 | -€3,541 | -44.3% |
| Tangible fixed assets | 22/27 | €8,001 | €4,460 | -€3,541 | -44.3% |
| Furniture and vehicles | 24 | €8,001 | €4,460 | -€3,541 | -44.3% |
| Current assets | 29/58 | €106,756 | €41,830 | -€64,926 | -60.8% |
| Amounts receivable within one year | 40/41 | €3,882 | €0 | -€3,882 | -100% |
| Trade receivables | 40 | €3,849 | €0 | -€3,849 | -100% |
| Other amounts receivable | 41 | €33 | €0 | -€33 | -100% |
| Cash at bank and in hand | 54/58 | €102,875 | €41,830 | -€61,045 | -59.3% |
| Total equity and liabilities | 10/49 | €114,757 | €46,290 | -€68,467 | -59.7% |
| Equity | 10/15 | €0 | - | = | |
| Contributions | 10/11 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €114,757 | €46,290 | -€68,467 | -59.7% |
| Amounts payable within one year | 42/48 | €114,757 | €46,290 | -€68,467 | -59.7% |
| Trade debts | 44 | €2,011 | €2,355 | +€345 | +17.2% |
| Suppliers | 440/4 | €2,011 | €2,355 | +€345 | +17.2% |
| Taxes, remuneration and social security | 45 | €20,261 | €27,742 | +€7,481 | +36.9% |
| Taxes | 450/3 | €20,261 | €27,742 | +€7,481 | +36.9% |
| Other amounts payable | 47/48 | €92,486 | €16,193 | -€76,293 | -82.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,662 | €3,541 | -€121 | -3.3% |
| Other operating charges | 640/8 | €1,517 | €1,575 | +€58 | +3.9% |
| Gross operating margin | 9900 | €186,306 | €199,957 | +€13,651 | +7.3% |
| Operating profit (loss) | 9901 | €181,128 | €194,841 | +€13,714 | +7.6% |
| Financial charges | 65/66B | €45 | €80 | +€35 | +78.5% |
| Recurring financial charges | 65 | €45 | €80 | +€35 | +78.5% |
| Profit (loss) for the period before taxes | 9903 | €181,083 | €194,761 | +€13,678 | +7.6% |
| Income taxes | 67/77 | €43,113 | €46,868 | +€3,755 | +8.7% |
| Profit (loss) for the period | 9904 | €137,970 | €147,893 | +€9,923 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €137,970 | €147,893 | +€9,923 | +7.2% |
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 17 October 2026 via checked.be.