REBU: 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.
REBU
Largest movements
- Receivables within one year -€7,300
down €7,300 (-4.8%), from €150,782 to €143,482
- Profit (loss) carried forward -€4,327
down €4,327 (-5.8%), from €74,603 to €70,277
- Other debts -€4,300
down €4,300 (-14.9%), from €28,891 to €24,591
- Trade debts +€3,284
up €3,284 (+56.1%), from €5,853 to €9,137
- Gross operating margin -€7,625
down €7,625 (-86.0%), from €8,863 to €1,238
- Taxes -€733
down €733 (-76.1%), from €963 to €230
- Other operating charges +€129
up €129 (+3.1%), from €4,157 to €4,286
- Financial charges +€123
up €123 (+19.2%), from €644 to €768
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 | €281,196 | €273,615 | -€7,581 | -2.7% |
| Fixed assets | 21/28 | €130,414 | €130,133 | -€281 | -0.2% |
| Tangible fixed assets | 22/27 | €130,414 | €130,133 | -€281 | -0.2% |
| Land and buildings | 22 | €130,414 | €130,133 | -€281 | -0.2% |
| Current assets | 29/58 | €150,782 | €143,482 | -€7,300 | -4.8% |
| Amounts receivable within one year | 40/41 | €150,782 | €143,482 | -€7,300 | -4.8% |
| Other amounts receivable | 41 | €150,782 | €143,482 | -€7,300 | -4.8% |
| Total equity and liabilities | 10/49 | €281,196 | €273,615 | -€7,581 | -2.7% |
| Equity | 10/15 | €242,903 | €238,577 | -€4,327 | -1.8% |
| Contributions | 10/11 | €153,000 | €153,000 | = | 0.0% |
| Capital | 10 | €153,000 | €153,000 | = | 0.0% |
| Issued capital | 100 | €153,000 | €153,000 | = | 0.0% |
| Reserves | 13 | €15,300 | €15,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,300 | €15,300 | = | 0.0% |
| Legal reserve | 130 | €15,300 | €15,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,603 | €70,277 | -€4,327 | -5.8% |
| Amounts payable | 17/49 | €38,293 | €35,038 | -€3,254 | -8.5% |
| Amounts payable within one year | 42/48 | €38,293 | €35,038 | -€3,254 | -8.5% |
| Financial debts | 43 | €2,749 | €1,310 | -€1,438 | -52.3% |
| Credit institutions | 430/8 | €2,749 | €1,310 | -€1,438 | -52.3% |
| Trade debts | 44 | €5,853 | €9,137 | +€3,284 | +56.1% |
| Suppliers | 440/4 | €5,853 | €9,137 | +€3,284 | +56.1% |
| Taxes, remuneration and social security | 45 | €800 | - | -€800 | |
| Taxes | 450/3 | €800 | - | -€800 | |
| Other amounts payable | 47/48 | €28,891 | €24,591 | -€4,300 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | €281 | -€1 | -0.4% |
| Other operating charges | 640/8 | €4,157 | €4,286 | +€129 | +3.1% |
| Gross operating margin | 9900 | €8,863 | €1,238 | -€7,625 | -86.0% |
| Operating profit (loss) | 9901 | €4,424 | -€3,329 | -€7,753 | |
| Financial charges | 65/66B | €644 | €768 | +€123 | +19.2% |
| Recurring financial charges | 65 | €644 | €768 | +€123 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €3,779 | -€4,097 | -€7,876 | |
| Income taxes | 67/77 | €963 | €230 | -€733 | -76.1% |
| Profit (loss) for the period | 9904 | €2,817 | -€4,327 | -€7,143 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,817 | -€4,327 | -€7,143 |
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 3 October 2026 via checked.be.