Rebuild50: 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.
Rebuild50
Largest movements
- Stocks and contracts +€220,730
up €220,730 (+21.2%), from €1.0m to €1.3m
- Receivables within one year -€132,875
down €132,875 (-87.1%), from €152,477 to €19,602
of which Other amounts receivable: -€134,477
- Cash -€18,013
down €18,013 (-92.1%), from €19,557 to €1,544
mainly Stocks and contracts (-€220,730) and Accrued charges and deferred income (-€1,903)
- Other debts +€40,167
up €40,167 (+25.1%), from €160,000 to €200,167
- Profit (loss) carried forward +€23,577
up €23,577, from -€18,166 to €5,411
- Gross operating margin +€44,811
up €44,811, from -€19,720 to €25,091
- Financial income -€1,748
down €1,748 (-67.1%), from €2,605 to €857
- Taxes +€1,353
new in 2025: €1,353
- Other operating charges -€420
down €420 (-44.7%), from €940 to €520
- Financial charges +€387
up €387 (+347%), from €112 to €499
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 | €1,213,146 | €1,282,988 | +€69,842 | +5.8% |
| Current assets | 29/58 | €1,213,146 | €1,282,988 | +€69,842 | +5.8% |
| Stocks and contracts in progress | 3 | €1,039,883 | €1,260,613 | +€220,730 | +21.2% |
| Stocks | 30/36 | €1,039,883 | €1,260,613 | +€220,730 | +21.2% |
| Amounts receivable within one year | 40/41 | €152,477 | €19,602 | -€132,875 | -87.1% |
| Trade receivables | 40 | - | €1,602 | +€1,602 | |
| Other amounts receivable | 41 | €152,477 | €18,000 | -€134,477 | -88.2% |
| Cash at bank and in hand | 54/58 | €19,557 | €1,544 | -€18,013 | -92.1% |
| Deferred charges and accrued income | 490/1 | €1,229 | €1,229 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,213,146 | €1,282,988 | +€69,842 | +5.8% |
| Equity | 10/15 | €281,834 | €305,411 | +€23,577 | +8.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,166 | €5,411 | +€23,577 | |
| Amounts payable | 17/49 | €931,312 | €977,577 | +€46,265 | +5.0% |
| Amounts payable within one year | 42/48 | €929,409 | €977,577 | +€48,168 | +5.2% |
| Financial debts | 43 | €500,000 | €500,517 | +€517 | +0.1% |
| Credit institutions | 430/8 | €500,000 | €500,517 | +€517 | +0.1% |
| Trade debts | 44 | €269,409 | €275,568 | +€6,159 | +2.3% |
| Suppliers | 440/4 | €269,409 | €275,568 | +€6,159 | +2.3% |
| Taxes, remuneration and social security | 45 | - | €1,325 | +€1,325 | |
| Taxes | 450/3 | - | €1,325 | +€1,325 | |
| Other amounts payable | 47/48 | €160,000 | €200,167 | +€40,167 | +25.1% |
| Accrued charges and deferred income | 492/3 | €1,903 | €0 | -€1,903 | -100% |
| Other operating charges | 640/8 | €940 | €520 | -€420 | -44.7% |
| Gross operating margin | 9900 | -€19,720 | €25,091 | +€44,811 | |
| Operating profit (loss) | 9901 | -€20,659 | €24,572 | +€45,231 | |
| Financial income | 75/76B | €2,605 | €857 | -€1,748 | -67.1% |
| Recurring financial income | 75 | €2,605 | €857 | -€1,748 | -67.1% |
| Financial charges | 65/66B | €112 | €499 | +€387 | +347% |
| Recurring financial charges | 65 | €112 | €499 | +€387 | +347% |
| Profit (loss) for the period before taxes | 9903 | -€18,166 | €24,930 | +€43,096 | |
| Income taxes | 67/77 | - | €1,353 | +€1,353 | |
| Profit (loss) for the period | 9904 | -€18,166 | €23,577 | +€41,743 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,166 | €23,577 | +€41,743 |
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 13 October 2026 via checked.be.