REBUCARO: 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.
REBUCARO
Largest movements
- Receivables within one year +€58,863
up €58,863 (+170%), from €34,697 to €93,560
of which Trade receivables: +€50,828
- Tangible fixed assets +€40,730
up €40,730 (+239%), from €17,045 to €57,776
of which Leasing and similar rights: +€23,844
- Receivables after one year -€14,234
no longer reported in 2025 (was €14,234)
- Trade debts +€30,559
up €30,559 (+334%), from €9,151 to €39,711
- Debts after one year +€24,422
up €24,422 (+111%), from €22,000 to €46,422
of which Financial debts: +€31,422
- Tax, wage and social debts +€16,046
up €16,046 (+42.8%), from €37,465 to €53,511
of which Taxes: +€16,473
- Current portion of long-term debt +€11,459
new in 2025: €11,459
- Reserves -€5,000
down €5,000 (-20.0%), from €25,000 to €20,000
- Gross operating margin +€22,383
up €22,383 (+24.8%), from €90,080 to €112,462
- Financial charges +€10,888
up €10,888 (+26.5%), from €41,026 to €51,914
- Depreciation -€2,849
down €2,849 (-25.5%), from €11,156 to €8,307
- Taxes +€2,780
up €2,780 (+25.3%), from €10,987 to €13,767
- Other operating charges -€2,653
down €2,653 (-60.7%), from €4,370 to €1,717
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 | €146,592 | €230,682 | +€84,091 | +57.4% |
| Fixed assets | 21/28 | €17,045 | €57,776 | +€40,730 | +239% |
| Tangible fixed assets | 22/27 | €17,045 | €57,776 | +€40,730 | +239% |
| Plant, machinery and equipment | 23 | - | €1,608 | +€1,608 | |
| Furniture and vehicles | 24 | €7,621 | €2,870 | -€4,751 | -62.3% |
| Leasing and similar rights | 25 | - | €23,844 | +€23,844 | |
| Other tangible fixed assets | 26 | €9,424 | €8,062 | -€1,362 | -14.5% |
| Assets under construction and advance payments | 27 | - | €21,390 | +€21,390 | |
| Current assets | 29/58 | €129,547 | €172,907 | +€43,360 | +33.5% |
| Amounts receivable after more than one year | 29 | €14,234 | - | -€14,234 | |
| Other amounts receivable | 291 | €14,234 | - | -€14,234 | |
| Amounts receivable within one year | 40/41 | €34,697 | €93,560 | +€58,863 | +170% |
| Trade receivables | 40 | €30,733 | €81,560 | +€50,828 | +165% |
| Other amounts receivable | 41 | €3,965 | €12,000 | +€8,035 | +203% |
| Cash at bank and in hand | 54/58 | €78,087 | €77,546 | -€541 | -0.7% |
| Deferred charges and accrued income | 490/1 | €2,528 | €1,801 | -€728 | -28.8% |
| Total equity and liabilities | 10/49 | €146,592 | €230,682 | +€84,091 | +57.4% |
| Equity | 10/15 | €32,516 | €26,770 | -€5,745 | -17.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Distributable reserves | 133 | €25,000 | €20,000 | -€5,000 | -20.0% |
| Profit (loss) carried forward | 14 | €3,516 | €2,770 | -€745 | -21.2% |
| Provisions and deferred taxes | 16 | €38,895 | €41,835 | +€2,940 | +7.6% |
| Provisions for liabilities and charges | 160/5 | €38,895 | €41,835 | +€2,940 | +7.6% |
| Other liabilities and charges | 164/5 | €38,895 | €41,835 | +€2,940 | +7.6% |
| Amounts payable | 17/49 | €75,181 | €162,077 | +€86,896 | +116% |
| Amounts payable after more than one year | 17 | €22,000 | €46,422 | +€24,422 | +111% |
| Financial debts | 170/4 | - | €31,422 | +€31,422 | |
| Other amounts payable | 178/9 | €22,000 | €15,000 | -€7,000 | -31.8% |
| Amounts payable within one year | 42/48 | €47,542 | €107,780 | +€60,239 | +127% |
| Current portion of amounts payable after more than one year | 42 | - | €11,459 | +€11,459 | |
| Trade debts | 44 | €9,151 | €39,711 | +€30,559 | +334% |
| Suppliers | 440/4 | €9,151 | €39,711 | +€30,559 | +334% |
| Taxes, remuneration and social security | 45 | €37,465 | €53,511 | +€16,046 | +42.8% |
| Taxes | 450/3 | €33,482 | €49,955 | +€16,473 | +49.2% |
| Remuneration and social security | 454/9 | €3,983 | €3,555 | -€428 | -10.7% |
| Other amounts payable | 47/48 | €925 | €3,100 | +€2,175 | +235% |
| Accrued charges and deferred income | 492/3 | €5,640 | €7,875 | +€2,235 | +39.6% |
| Non-recurring operating income | 76A | - | €7,144 | +€7,144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,156 | €8,307 | -€2,849 | -25.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €319 | €2,940 | +€2,621 | +822% |
| Other operating charges | 640/8 | €4,370 | €1,717 | -€2,653 | -60.7% |
| Gross operating margin | 9900 | €90,080 | €112,462 | +€22,383 | +24.8% |
| Operating profit (loss) | 9901 | €74,235 | €99,499 | +€25,264 | +34.0% |
| Financial income | 75/76B | €1,827 | €437 | -€1,390 | -76.1% |
| Recurring financial income | 75 | €1,827 | €437 | -€1,390 | -76.1% |
| Financial charges | 65/66B | €41,026 | €51,914 | +€10,888 | +26.5% |
| Recurring financial charges | 65 | €41,026 | €51,914 | +€10,888 | +26.5% |
| Profit (loss) for the period before taxes | 9903 | €35,036 | €48,022 | +€12,985 | +37.1% |
| Income taxes | 67/77 | €10,987 | €13,767 | +€2,780 | +25.3% |
| Profit (loss) for the period | 9904 | €24,049 | €34,255 | +€10,206 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,049 | €34,255 | +€10,206 | +42.4% |
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 18 October 2026 via checked.be.