REEBU: 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.
REEBU
Largest movements
- Receivables within one year +€143,772
up €143,772 (+38.2%), from €376,238 to €520,010
of which Trade receivables: +€88,772
- Cash -€47,680
down €47,680 (-30.5%), from €156,261 to €108,581
mainly Receivables within one year (-€143,772) and Accrued charges and deferred income (-€95)
- Reserves +€74,996
up €74,996 (+14.0%), from €534,676 to €609,672
of which Distributable reserves: +€74,996
- Trade debts +€16,337
up €16,337 (+107.7%), from €15,164 to €31,501
- Gross operating margin +€39,498
up €39,498 (+49.4%), from €79,945 to €119,442
- Taxes +€9,384
up €9,384 (+58.9%), from €15,928 to €25,313
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 | €622,462 | €715,277 | +€92,815 | +14.9% |
| Fixed assets | 21/28 | €89,964 | €86,687 | -€3,277 | -3.6% |
| Tangible fixed assets | 22/27 | €89,964 | €86,687 | -€3,277 | -3.6% |
| Land and buildings | 22 | €83,599 | €83,599 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,365 | €3,088 | -€3,277 | -51.5% |
| Current assets | 29/58 | €532,499 | €628,590 | +€96,092 | +18.0% |
| Amounts receivable within one year | 40/41 | €376,238 | €520,010 | +€143,772 | +38.2% |
| Trade receivables | 40 | €76,933 | €165,705 | +€88,772 | +115.4% |
| Other amounts receivable | 41 | €299,305 | €354,305 | +€55,000 | +18.4% |
| Cash at bank and in hand | 54/58 | €156,261 | €108,581 | -€47,680 | -30.5% |
| Total equity and liabilities | 10/49 | €622,462 | €715,277 | +€92,815 | +14.9% |
| Equity | 10/15 | €596,176 | €671,172 | +€74,996 | +12.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €534,676 | €609,672 | +€74,996 | +14.0% |
| Non-distributable reserves | 130/1 | €1,638 | €1,638 | = | 0.0% |
| Legal reserve | 130 | €1,638 | €1,638 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,560 | €19,560 | = | 0.0% |
| Distributable reserves | 133 | €513,477 | €588,473 | +€74,996 | +14.6% |
| Amounts payable | 17/49 | €26,287 | €44,105 | +€17,819 | +67.8% |
| Amounts payable within one year | 42/48 | €26,192 | €44,105 | +€17,914 | +68.4% |
| Trade debts | 44 | €15,164 | €31,501 | +€16,337 | +107.7% |
| Suppliers | 440/4 | €15,164 | €31,501 | +€16,337 | +107.7% |
| Taxes, remuneration and social security | 45 | €11,028 | €12,605 | +€1,577 | +14.3% |
| Taxes | 450/3 | €11,028 | €12,605 | +€1,577 | +14.3% |
| Accrued charges and deferred income | 492/3 | €95 | - | -€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,912 | €3,277 | +€365 | +12.5% |
| Other operating charges | 640/8 | €15,063 | €15,467 | +€404 | +2.7% |
| Gross operating margin | 9900 | €79,945 | €119,442 | +€39,498 | +49.4% |
| Operating profit (loss) | 9901 | €61,969 | €100,698 | +€38,729 | +62.5% |
| Financial charges | 65/66B | €318 | €389 | +€72 | +22.5% |
| Recurring financial charges | 65 | €318 | €389 | +€72 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €61,652 | €100,309 | +€38,657 | +62.7% |
| Income taxes | 67/77 | €15,928 | €25,313 | +€9,384 | +58.9% |
| Profit (loss) for the period | 9904 | €45,724 | €74,996 | +€29,273 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,724 | €74,996 | +€29,273 | +64.0% |
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 10 October 2026 via checked.be.