REBR: 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.
REBR
Largest movements
- Cash +€106,456
up €106,456 (+236%), from €45,058 to €151,514
mainly Depreciation (+€105,207) and Net result for the year (+€9,938)
- Tangible fixed assets -€105,207
down €105,207 (-2.8%), from €3.7m to €3.6m
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€40,949
down €40,949 (-22.9%), from €178,668 to €137,718
- Gross operating margin +€40,080
up €40,080 (+16.2%), from €248,160 to €288,240
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 | €3,797,614 | €3,813,116 | +€15,502 | +0.4% |
| Fixed assets | 21/28 | €3,750,076 | €3,644,868 | -€105,207 | -2.8% |
| Tangible fixed assets | 22/27 | €3,749,890 | €3,644,682 | -€105,207 | -2.8% |
| Land and buildings | 22 | €3,749,890 | €3,644,682 | -€105,207 | -2.8% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €47,539 | €168,248 | +€120,709 | +254% |
| Amounts receivable within one year | 40/41 | €347 | €14,582 | +€14,235 | +4,100% |
| Trade receivables | 40 | €347 | €14,582 | +€14,235 | +4,100% |
| Cash at bank and in hand | 54/58 | €45,058 | €151,514 | +€106,456 | +236% |
| Deferred charges and accrued income | 490/1 | €2,133 | €2,152 | +€18 | +0.9% |
| Total equity and liabilities | 10/49 | €3,797,614 | €3,813,116 | +€15,502 | +0.4% |
| Equity | 10/15 | €302,590 | €312,527 | +€9,938 | +3.3% |
| Contributions | 10/11 | €601,150 | €601,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€298,560 | -€288,623 | +€9,938 | +3.3% |
| Amounts payable | 17/49 | €3,495,025 | €3,500,589 | +€5,564 | +0.2% |
| Amounts payable within one year | 42/48 | €3,464,338 | €3,468,426 | +€4,088 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €3,460,650 | €3,460,650 | = | 0.0% |
| Trade debts | 44 | €3,688 | €7,776 | +€4,088 | +111% |
| Suppliers | 440/4 | €3,688 | €7,776 | +€4,088 | +111% |
| Accrued charges and deferred income | 492/3 | €30,687 | €32,163 | +€1,476 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,207 | €105,207 | = | 0.0% |
| Other operating charges | 640/8 | €34,300 | €35,376 | +€1,077 | +3.1% |
| Gross operating margin | 9900 | €248,160 | €288,240 | +€40,080 | +16.2% |
| Operating profit (loss) | 9901 | €108,653 | €147,656 | +€39,003 | +35.9% |
| Financial charges | 65/66B | €178,668 | €137,718 | -€40,949 | -22.9% |
| Recurring financial charges | 65 | €178,668 | €137,718 | -€40,949 | -22.9% |
| Profit (loss) for the period before taxes | 9903 | -€70,015 | €9,938 | +€79,953 | |
| Profit (loss) for the period | 9904 | -€70,015 | €9,938 | +€79,953 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,015 | €9,938 | +€79,953 |
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.