REBUS SIC STANTIBUS: what changed
REBUS SIC STANTIBUS
Largest movements
- Cash +€60,242
up €60,242 (+81.4%), from €74,006 to €134,248
mainly Net result for the year (+€35,305) and Receivables within one year (+€17,712)
- Receivables within one year -€17,712
down €17,712 (-37.7%), from €47,024 to €29,312
of which Trade receivables: -€47,024
- Tangible fixed assets +€3,221
new in 2025: €3,221
- Profit (loss) carried forward +€35,305
up €35,305 (+46.4%), from €76,100 to €111,405
- Trade debts +€8,933
up €8,933 (+293%), from €3,051 to €11,985
- Tax, wage and social debts +€6,919
up €6,919 (+22.3%), from €30,972 to €37,891
- Other debts -€5,406
no longer reported in 2025 (was €5,406)
- Gross operating margin -€51,271
down €51,271 (-53.6%), from €95,720 to €44,450
- Taxes -€9,789
down €9,789 (-51.0%), from €19,188 to €9,399
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,030 | €166,781 | +€45,751 | +37.8% |
| Fixed assets | 21/28 | - | €3,221 | +€3,221 | |
| Tangible fixed assets | 22/27 | - | €3,221 | +€3,221 | |
| Furniture and vehicles | 24 | - | €3,221 | +€3,221 | |
| Current assets | 29/58 | €121,030 | €163,560 | +€42,530 | +35.1% |
| Amounts receivable within one year | 40/41 | €47,024 | €29,312 | -€17,712 | -37.7% |
| Trade receivables | 40 | €47,024 | - | -€47,024 | |
| Other amounts receivable | 41 | - | €29,312 | +€29,312 | |
| Cash at bank and in hand | 54/58 | €74,006 | €134,248 | +€60,242 | +81.4% |
| Total equity and liabilities | 10/49 | €121,030 | €166,781 | +€45,751 | +37.8% |
| Equity | 10/15 | €81,600 | €116,905 | +€35,305 | +43.3% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,100 | €111,405 | +€35,305 | +46.4% |
| Amounts payable | 17/49 | €39,430 | €49,876 | +€10,446 | +26.5% |
| Amounts payable within one year | 42/48 | €39,430 | €49,876 | +€10,446 | +26.5% |
| Trade debts | 44 | €3,051 | €11,985 | +€8,933 | +293% |
| Suppliers | 440/4 | €3,051 | €11,985 | +€8,933 | +293% |
| Taxes, remuneration and social security | 45 | €30,972 | €37,891 | +€6,919 | +22.3% |
| Taxes | 450/3 | €30,972 | €37,891 | +€6,919 | +22.3% |
| Other amounts payable | 47/48 | €5,406 | - | -€5,406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €480 | +€480 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €95,720 | €44,450 | -€51,271 | -53.6% |
| Operating profit (loss) | 9901 | €95,333 | €43,969 | -€51,364 | -53.9% |
| Financial income | 75/76B | - | €794 | +€794 | |
| Recurring financial income | 75 | - | €794 | +€794 | |
| Financial charges | 65/66B | €45 | €60 | +€15 | +33.8% |
| Recurring financial charges | 65 | €45 | €60 | +€15 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €95,288 | €44,704 | -€50,584 | -53.1% |
| Income taxes | 67/77 | €19,188 | €9,399 | -€9,789 | -51.0% |
| Profit (loss) for the period | 9904 | €76,100 | €35,305 | -€40,796 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,100 | €35,305 | -€40,796 | -53.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.