REBUS: 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.
REBUS
Largest movements
- Tangible fixed assets -€25,618
down €25,618 (-4.1%), from €622,807 to €597,189
of which Land and buildings: -€25,618
- Receivables within one year +€17,771
new in 2025: €17,771
- Cash -€9,015
down €9,015 (-61.3%), from €14,710 to €5,695
mainly Debts after one year (-€39,009) and Contributions, distributions and other (-€20,000)
- Debts after one year -€39,009
down €39,009 (-9.9%), from €393,112 to €354,103
- Profit (loss) carried forward +€9,682
up €9,682, from -€9,682 to €0
- Tax, wage and social debts +€7,404
new in 2025: €7,404
- Gross operating margin +€13,124
up €13,124 (+22.6%), from €58,151 to €71,274
- Taxes +€7,404
new in 2025: €7,404
- Other operating charges -€7,116
down €7,116 (-71.9%), from €9,904 to €2,788
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 | €637,517 | €620,655 | -€16,862 | -2.6% |
| Fixed assets | 21/28 | €622,807 | €597,189 | -€25,618 | -4.1% |
| Tangible fixed assets | 22/27 | €622,807 | €597,189 | -€25,618 | -4.1% |
| Land and buildings | 22 | €615,866 | €590,248 | -€25,618 | -4.2% |
| Other tangible fixed assets | 26 | €6,941 | €6,941 | = | 0.0% |
| Current assets | 29/58 | €14,710 | €23,466 | +€8,756 | +59.5% |
| Amounts receivable within one year | 40/41 | - | €17,771 | +€17,771 | |
| Trade receivables | 40 | - | €17,771 | +€17,771 | |
| Cash at bank and in hand | 54/58 | €14,710 | €5,695 | -€9,015 | -61.3% |
| Total equity and liabilities | 10/49 | €637,517 | €620,655 | -€16,862 | -2.6% |
| Equity | 10/15 | €168,442 | €178,462 | +€10,020 | +5.9% |
| Contributions | 10/11 | €163,610 | €163,610 | = | 0.0% |
| Capital | 10 | €163,610 | €163,610 | = | 0.0% |
| Issued capital | 100 | €163,610 | €163,610 | = | 0.0% |
| Reserves | 13 | €14,514 | €14,852 | +€338 | +2.3% |
| Non-distributable reserves | 130/1 | €14,417 | €14,417 | = | 0.0% |
| Legal reserve | 130 | €14,417 | €14,417 | = | 0.0% |
| Distributable reserves | 133 | €98 | €436 | +€338 | +346.4% |
| Profit (loss) carried forward | 14 | -€9,682 | €0 | +€9,682 | |
| Amounts payable | 17/49 | €469,075 | €442,193 | -€26,882 | -5.7% |
| Amounts payable after more than one year | 17 | €393,112 | €354,103 | -€39,009 | -9.9% |
| Financial debts | 170/4 | €393,112 | €354,103 | -€39,009 | -9.9% |
| Amounts payable within one year | 42/48 | €75,962 | €88,090 | +€12,127 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €38,639 | €39,009 | +€370 | +1.0% |
| Trade debts | 44 | €131 | €605 | +€475 | +363.5% |
| Suppliers | 440/4 | €131 | €605 | +€475 | +363.5% |
| Taxes, remuneration and social security | 45 | - | €7,404 | +€7,404 | |
| Taxes | 450/3 | - | €7,404 | +€7,404 | |
| Other amounts payable | 47/48 | €37,193 | €41,072 | +€3,879 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,618 | €25,618 | = | 0.0% |
| Other operating charges | 640/8 | €9,904 | €2,788 | -€7,116 | -71.9% |
| Gross operating margin | 9900 | €58,151 | €71,274 | +€13,124 | +22.6% |
| Operating profit (loss) | 9901 | €22,629 | €42,869 | +€20,240 | +89.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €5,333 | €5,446 | +€113 | +2.1% |
| Recurring financial charges | 65 | €5,333 | €5,446 | +€113 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €17,297 | €37,423 | +€20,126 | +116.4% |
| Income taxes | 67/77 | - | €7,404 | +€7,404 | |
| Profit (loss) for the period | 9904 | €17,297 | €30,020 | +€12,723 | +73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,297 | €30,020 | +€12,723 | +73.6% |
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 11 October 2026 via checked.be.