Rebucon: 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.
Rebucon
Largest movements
- Receivables within one year +€21,739
up €21,739 (+65.5%), from €33,191 to €54,930
of which Trade receivables: +€18,019
- Current investments +€16,026
new in 2025: €16,026
- Tangible fixed assets +€7,424
up €7,424 (+3.2%), from €233,007 to €240,430
of which Plant, machinery and equipment: +€8,310
- Cash -€7,237
down €7,237 (-63.9%), from €11,323 to €4,086
mainly Investment in fixed assets (net) (-€22,395) and Receivables within one year (-€21,739)
- Reserves +€44,161
up €44,161 (+53.4%), from €82,734 to €126,895
of which Distributable reserves: +€44,161
- Tax, wage and social debts +€9,591
up €9,591 (+36.8%), from €26,030 to €35,621
of which Taxes: +€7,127
- Debts after one year -€8,353
down €8,353 (-3.9%), from €216,440 to €208,087
of which Financial debts: -€8,353
- Trade debts -€5,005
down €5,005 (-26.8%), from €18,685 to €13,680
- Gross operating margin +€59,935
up €59,935 (+175%), from €34,160 to €94,095
- Taxes +€11,334
up €11,334 (+87.8%), from €12,905 to €24,239
- Depreciation +€4,048
up €4,048 (+52.0%), from €7,778 to €11,826
- Financial charges +€3,049
up €3,049 (+30.7%), from €9,933 to €12,982
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 | €375,368 | €414,479 | +€39,111 | +10.4% |
| Fixed assets | 21/28 | €280,303 | €290,872 | +€10,569 | +3.8% |
| Tangible fixed assets | 22/27 | €233,007 | €240,430 | +€7,424 | +3.2% |
| Land and buildings | 22 | €223,750 | €216,087 | -€7,663 | -3.4% |
| Plant, machinery and equipment | 23 | €6,664 | €14,974 | +€8,310 | +125% |
| Furniture and vehicles | 24 | - | €2,978 | +€2,978 | |
| Other tangible fixed assets | 26 | €2,593 | €6,391 | +€3,798 | +146% |
| Financial fixed assets | 28 | €47,296 | €50,442 | +€3,146 | +6.7% |
| Current assets | 29/58 | €95,065 | €123,607 | +€28,541 | +30.0% |
| Amounts receivable after more than one year | 29 | €49,100 | €47,600 | -€1,500 | -3.1% |
| Trade receivables | 290 | €49,100 | €47,600 | -€1,500 | -3.1% |
| Amounts receivable within one year | 40/41 | €33,191 | €54,930 | +€21,739 | +65.5% |
| Trade receivables | 40 | €23,308 | €41,327 | +€18,019 | +77.3% |
| Other amounts receivable | 41 | €9,883 | €13,602 | +€3,719 | +37.6% |
| Current investments | 50/53 | - | €16,026 | +€16,026 | |
| Cash at bank and in hand | 54/58 | €11,323 | €4,086 | -€7,237 | -63.9% |
| Deferred charges and accrued income | 490/1 | €1,451 | €964 | -€487 | -33.6% |
| Total equity and liabilities | 10/49 | €375,368 | €414,479 | +€39,111 | +10.4% |
| Equity | 10/15 | €101,284 | €145,445 | +€44,161 | +43.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €82,734 | €126,895 | +€44,161 | +53.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €82,734 | €126,895 | +€44,161 | +53.4% |
| Amounts payable | 17/49 | €274,084 | €269,034 | -€5,050 | -1.8% |
| Amounts payable after more than one year | 17 | €216,440 | €208,087 | -€8,353 | -3.9% |
| Financial debts | 170/4 | €191,440 | €183,087 | -€8,353 | -4.4% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €56,231 | €59,406 | +€3,175 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €7,920 | €8,353 | +€433 | +5.5% |
| Financial debts | 43 | €540 | €1,302 | +€762 | +141% |
| Credit institutions | 430/8 | €540 | €1,302 | +€762 | +141% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €18,685 | €13,680 | -€5,005 | -26.8% |
| Suppliers | 440/4 | €18,685 | €13,680 | -€5,005 | -26.8% |
| Advances received on contracts in progress | 46 | €2,030 | €450 | -€1,580 | -77.8% |
| Taxes, remuneration and social security | 45 | €26,030 | €35,621 | +€9,591 | +36.8% |
| Taxes | 450/3 | €26,030 | €33,157 | +€7,127 | +27.4% |
| Remuneration and social security | 454/9 | - | €2,464 | +€2,464 | |
| Other amounts payable | 47/48 | €1,025 | €0 | -€1,025 | -100% |
| Accrued charges and deferred income | 492/3 | €1,412 | €1,541 | +€129 | +9.1% |
| Non-recurring operating income | 76A | - | €21,000 | +€21,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,778 | €11,826 | +€4,048 | +52.0% |
| Other operating charges | 640/8 | €933 | €1,423 | +€490 | +52.5% |
| Gross operating margin | 9900 | €34,160 | €94,095 | +€59,935 | +175% |
| Operating profit (loss) | 9901 | €25,449 | €80,847 | +€55,397 | +218% |
| Financial income | 75/76B | €550 | €535 | -€15 | -2.7% |
| Recurring financial income | 75 | €550 | €535 | -€15 | -2.7% |
| Financial charges | 65/66B | €9,933 | €12,982 | +€3,049 | +30.7% |
| Recurring financial charges | 65 | €9,933 | €12,982 | +€3,049 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €16,067 | €68,399 | +€52,333 | +326% |
| Income taxes | 67/77 | €12,905 | €24,239 | +€11,334 | +87.8% |
| Profit (loss) for the period | 9904 | €3,161 | €44,161 | +€40,999 | +1,297% |
| Profit (loss) for the period to be appropriated | 9905 | €3,161 | €44,161 | +€40,999 | +1,297% |
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 24 October 2026 via checked.be.