REHEM: 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.
What changed
REHEM
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,241
2024 · €6,395-€5,154
Equity
€261,674
2024 · €260,432+€1,241
Cash
€14,885
2024 · €12,956+€1,928
Balance sheet total
€680,532
2024 · €697,750-€17,217
Largest movements
Assets
- Tangible fixed assets -€18,675
down €18,675 (-2.7%), from €679,955 to €661,281
of which Land and buildings: -€18,316
Equity and liabilities
- Debts after one year -€25,210
down €25,210 (-12.4%), from €203,005 to €177,796
- Other debts +€8,491
up €8,491 (+5.5%), from €155,382 to €163,873
Income statement
- Financial charges +€4,853
up €4,853 (+42.6%), from €11,393 to €16,246
- Taxes -€2,530
down €2,530 (-64.4%), from €3,925 to €1,396
- Gross operating margin -€1,846
down €1,846 (-4.5%), from €41,218 to €39,372
- Other operating charges +€793
up €793 (+33.1%), from €2,395 to €3,188
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.
Result 2024
€6,395
Gross operating margin
-€1,846
Depreciation
-€192
Other operating charges
-€793
Financial charges
-€4,853
Taxes
+€2,530
Result 2025
€1,241
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.
From operations
+€26,617
Investment
€0
Financing
-€24,689
Cash 2024
€12,956
From operations (derived)
+€26,617
Net result for the year
+€1,241
Depreciation
+€18,675
Receivables within one year
+€471
Provisions
-€1,373
Smaller working-capital items
-€60
Tax, wage and social debts
-€828
Other debts
+€8,491
Financing
-€24,689
Debts after one year
-€25,210
Current portion of long-term debt
+€521
Cash 2025
€14,885
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €697,750 | €680,532 | -€17,217 | -2.5% |
| Fixed assets | 21/28 | €680,366 | €661,691 | -€18,675 | -2.7% |
| Tangible fixed assets | 22/27 | €679,955 | €661,281 | -€18,675 | -2.7% |
| Land and buildings | 22 | €678,879 | €660,563 | -€18,316 | -2.7% |
| Plant, machinery and equipment | 23 | €1,076 | €718 | -€359 | -33.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €17,384 | €18,841 | +€1,457 | +8.4% |
| Amounts receivable within one year | 40/41 | €4,428 | €3,956 | -€471 | -10.6% |
| Trade receivables | 40 | €4,428 | €3,352 | -€1,076 | -24.3% |
| Other amounts receivable | 41 | - | €604 | +€604 | |
| Cash at bank and in hand | 54/58 | €12,956 | €14,885 | +€1,928 | +14.9% |
| Total equity and liabilities | 10/49 | €697,750 | €680,532 | -€17,217 | -2.5% |
| Equity | 10/15 | €260,432 | €261,674 | +€1,241 | +0.5% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Outside capital | 11 | €123,947 | €123,947 | = | 0.0% |
| Other | 1109/19 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €160,905 | €156,786 | -€4,118 | -2.6% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €123,510 | €119,392 | -€4,118 | -3.3% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,419 | -€19,060 | +€5,360 | +21.9% |
| Provisions and deferred taxes | 16 | €41,170 | €39,797 | -€1,373 | -3.3% |
| Deferred taxes | 168 | €41,170 | €39,797 | -€1,373 | -3.3% |
| Amounts payable | 17/49 | €396,147 | €379,061 | -€17,086 | -4.3% |
| Amounts payable after more than one year | 17 | €203,005 | €177,796 | -€25,210 | -12.4% |
| Financial debts | 170/4 | €203,005 | €177,796 | -€25,210 | -12.4% |
| Amounts payable within one year | 42/48 | €193,129 | €201,265 | +€8,136 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €24,689 | €25,210 | +€521 | +2.1% |
| Trade debts | 44 | €6,301 | €6,253 | -€48 | -0.8% |
| Suppliers | 440/4 | €6,301 | €6,253 | -€48 | -0.8% |
| Taxes, remuneration and social security | 45 | €6,758 | €5,929 | -€828 | -12.3% |
| Taxes | 450/3 | €6,758 | €5,929 | -€828 | -12.3% |
| Other amounts payable | 47/48 | €155,382 | €163,873 | +€8,491 | +5.5% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,482 | €18,675 | +€192 | +1.0% |
| Other operating charges | 640/8 | €2,395 | €3,188 | +€793 | +33.1% |
| Gross operating margin | 9900 | €41,218 | €39,372 | -€1,846 | -4.5% |
| Operating profit (loss) | 9901 | €20,341 | €17,510 | -€2,831 | -13.9% |
| Financial charges | 65/66B | €11,393 | €16,246 | +€4,853 | +42.6% |
| Recurring financial charges | 65 | €11,393 | €16,246 | +€4,853 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €8,948 | €1,264 | -€7,683 | -85.9% |
| Transfer from deferred taxes | 780 | €1,373 | €1,373 | = | 0.0% |
| Income taxes | 67/77 | €3,925 | €1,396 | -€2,530 | -64.4% |
| Profit (loss) for the period | 9904 | €6,395 | €1,241 | -€5,154 | -80.6% |
| Transfer from tax-exempt reserves | 789 | €4,118 | €4,118 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,513 | €5,360 | -€5,154 | -49.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.