REBUS: 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.
REBUS
Largest movements
- Receivables after one year -€68,614
down €68,614 (-100.0%), from €68,614 to €0
- Tangible fixed assets +€36,878
up €36,878 (+2.0%), from €1.8m to €1.9m
of which Furniture and vehicles: +€84,319
- Other debts +€78,780
up €78,780 (+16.2%), from €486,549 to €565,329
- Reserves -€59,748
down €59,748 (-8.6%), from €690,964 to €631,216
of which Distributable reserves: -€46,325
- Debts after one year -€51,157
down €51,157 (-18.9%), from €271,334 to €220,177
of which Financial debts: -€53,357
- Depreciation -€15,179
down €15,179 (-20.8%), from €72,905 to €57,726
- Financial charges -€4,362
down €4,362 (-28.9%), from €15,114 to €10,752
- Gross operating margin -€1,949
down €1,949 (-8.7%), from €22,445 to €20,496
- Other operating charges -€1,271
down €1,271 (-7.6%), from €16,678 to €15,407
- Financial income -€754
down €754 (-69.2%), from €1,089 to €336
of which Financial income: -€754
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
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 | €1,941,533 | €1,903,491 | -€38,042 | -2.0% |
| Fixed assets | 21/28 | €1,825,092 | €1,861,970 | +€36,878 | +2.0% |
| Tangible fixed assets | 22/27 | €1,824,092 | €1,860,970 | +€36,878 | +2.0% |
| Land and buildings | 22 | €1,824,092 | €1,776,651 | -€47,441 | -2.6% |
| Furniture and vehicles | 24 | €0 | €84,319 | +€84,319 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €116,441 | €41,521 | -€74,920 | -64.3% |
| Amounts receivable after more than one year | 29 | €68,614 | €0 | -€68,614 | -100.0% |
| Other amounts receivable | 291 | €68,614 | €0 | -€68,614 | -100.0% |
| Amounts receivable within one year | 40/41 | €37,991 | €24,935 | -€13,056 | -34.4% |
| Trade receivables | 40 | €18,724 | €11,557 | -€7,167 | -38.3% |
| Other amounts receivable | 41 | €19,267 | €13,378 | -€5,888 | -30.6% |
| Cash at bank and in hand | 54/58 | €5,250 | €12,180 | +€6,930 | +132.0% |
| Deferred charges and accrued income | 490/1 | €4,586 | €4,406 | -€180 | -3.9% |
| Total equity and liabilities | 10/49 | €1,941,533 | €1,903,491 | -€38,042 | -2.0% |
| Equity | 10/15 | €1,022,964 | €963,216 | -€59,748 | -5.8% |
| Contributions | 10/11 | €332,000 | €332,000 | = | 0.0% |
| Capital | 10 | €332,000 | €332,000 | = | 0.0% |
| Issued capital | 100 | €332,000 | €332,000 | = | 0.0% |
| Reserves | 13 | €690,964 | €631,216 | -€59,748 | -8.6% |
| Non-distributable reserves | 130/1 | €17,747 | €17,747 | = | 0.0% |
| Legal reserve | 130 | €17,747 | €17,747 | = | 0.0% |
| Tax-exempt reserves | 132 | €207,683 | €194,260 | -€13,423 | -6.5% |
| Distributable reserves | 133 | €465,534 | €419,209 | -€46,325 | -10.0% |
| Provisions and deferred taxes | 16 | €69,228 | €64,753 | -€4,474 | -6.5% |
| Deferred taxes | 168 | €69,228 | €64,753 | -€4,474 | -6.5% |
| Amounts payable | 17/49 | €849,341 | €875,522 | +€26,181 | +3.1% |
| Amounts payable after more than one year | 17 | €271,334 | €220,177 | -€51,157 | -18.9% |
| Financial debts | 170/4 | €271,334 | €217,977 | -€53,357 | -19.7% |
| Other amounts payable | 178/9 | - | €2,200 | +€2,200 | |
| Amounts payable within one year | 42/48 | €575,734 | €651,841 | +€76,107 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €53,202 | €53,357 | +€155 | +0.3% |
| Trade debts | 44 | €32,325 | €32,032 | -€293 | -0.9% |
| Suppliers | 440/4 | €32,325 | €32,032 | -€293 | -0.9% |
| Taxes, remuneration and social security | 45 | €3,658 | €1,123 | -€2,535 | -69.3% |
| Taxes | 450/3 | €3,658 | €1,123 | -€2,535 | -69.3% |
| Other amounts payable | 47/48 | €486,549 | €565,329 | +€78,780 | +16.2% |
| Accrued charges and deferred income | 492/3 | €2,273 | €3,504 | +€1,231 | +54.2% |
| Non-recurring operating income | 76A | €671 | €0 | -€671 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,905 | €57,726 | -€15,179 | -20.8% |
| Other operating charges | 640/8 | €16,678 | €15,407 | -€1,271 | -7.6% |
| Gross operating margin | 9900 | €22,445 | €20,496 | -€1,949 | -8.7% |
| Operating profit (loss) | 9901 | -€67,138 | -€52,637 | +€14,501 | +21.6% |
| Financial income | 75/76B | €1,089 | €336 | -€754 | -69.2% |
| Recurring financial income | 75 | €1,089 | €336 | -€754 | -69.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €15,114 | €10,752 | -€4,362 | -28.9% |
| Recurring financial charges | 65 | €15,114 | €10,752 | -€4,362 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€81,162 | -€63,053 | +€18,109 | +22.3% |
| Transfer from deferred taxes | 780 | €4,474 | €4,474 | = | 0.0% |
| Income taxes | 67/77 | €826 | €1,170 | +€343 | +41.5% |
| Profit (loss) for the period | 9904 | -€77,514 | -€59,748 | +€17,766 | +22.9% |
| Transfer from tax-exempt reserves | 789 | €13,423 | €13,423 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€64,091 | -€46,325 | +€17,766 | +27.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.