REPACO: 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.
REPACO
Largest movements
- Current investments +€258,434
up €258,434 (+117%), from €220,000 to €478,434
- Receivables within one year -€186,352
down €186,352 (-94.0%), from €198,352 to €12,000
of which Other amounts receivable: -€198,352
- Cash +€27,223
up €27,223 (+17.7%), from €153,374 to €180,596
mainly Receivables within one year (+€186,352) and Net result for the year (+€73,361)
- Reserves +€73,361
up €73,361 (+8.7%), from €838,762 to €912,124
- Tax, wage and social debts +€22,816
up €22,816 (+249%), from €9,160 to €31,976
- Gross operating margin +€12,960
up €12,960 (+11.0%), from €117,452 to €130,412
- Financial income +€9,605
up €9,605 (+1,187%), from €809 to €10,414
- Taxes +€5,609
up €5,609 (+28.3%), from €19,817 to €25,426
- Financial charges -€4,595
down €4,595 (-12.9%), from €35,704 to €31,109
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.
Derived cash bridge
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 | €1,859,280 | €1,949,349 | +€90,069 | +4.8% |
| Fixed assets | 21/28 | €1,287,508 | €1,278,276 | -€9,233 | -0.7% |
| Tangible fixed assets | 22/27 | €18,566 | €9,334 | -€9,233 | -49.7% |
| Furniture and vehicles | 24 | €18,566 | €9,334 | -€9,233 | -49.7% |
| Financial fixed assets | 28 | €1,268,942 | €1,268,942 | = | 0.0% |
| Current assets | 29/58 | €571,772 | €671,073 | +€99,301 | +17.4% |
| Amounts receivable within one year | 40/41 | €198,352 | €12,000 | -€186,352 | -94.0% |
| Trade receivables | 40 | €0 | €12,000 | +€12,000 | |
| Other amounts receivable | 41 | €198,352 | €0 | -€198,352 | -100% |
| Current investments | 50/53 | €220,000 | €478,434 | +€258,434 | +117% |
| Cash at bank and in hand | 54/58 | €153,374 | €180,596 | +€27,223 | +17.7% |
| Deferred charges and accrued income | 490/1 | €46 | €43 | -€3 | -7.6% |
| Total equity and liabilities | 10/49 | €1,859,280 | €1,949,349 | +€90,069 | +4.8% |
| Equity | 10/15 | €1,376,762 | €1,450,124 | +€73,361 | +5.3% |
| Contributions | 10/11 | €538,000 | €538,000 | = | 0.0% |
| Reserves | 13 | €838,762 | €912,124 | +€73,361 | +8.7% |
| Distributable reserves | 133 | €838,762 | €912,124 | +€73,361 | +8.7% |
| Amounts payable | 17/49 | €482,518 | €499,225 | +€16,707 | +3.5% |
| Amounts payable after more than one year | 17 | €436,958 | €435,124 | -€1,833 | -0.4% |
| Other amounts payable | 178/9 | €436,958 | €435,124 | -€1,833 | -0.4% |
| Amounts payable within one year | 42/48 | €9,959 | €32,615 | +€22,656 | +227% |
| Trade debts | 44 | €799 | €639 | -€160 | -20.1% |
| Suppliers | 440/4 | €799 | €639 | -€160 | -20.1% |
| Taxes, remuneration and social security | 45 | €9,160 | €31,976 | +€22,816 | +249% |
| Taxes | 450/3 | €9,160 | €31,976 | +€22,816 | +249% |
| Accrued charges and deferred income | 492/3 | €35,601 | €31,486 | -€4,115 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,233 | €9,233 | = | 0.0% |
| Other operating charges | 640/8 | €1,530 | €1,697 | +€167 | +10.9% |
| Gross operating margin | 9900 | €117,452 | €130,412 | +€12,960 | +11.0% |
| Operating profit (loss) | 9901 | €106,690 | €119,482 | +€12,793 | +12.0% |
| Financial income | 75/76B | €809 | €10,414 | +€9,605 | +1,187% |
| Recurring financial income | 75 | €809 | €10,414 | +€9,605 | +1,187% |
| Financial charges | 65/66B | €35,704 | €31,109 | -€4,595 | -12.9% |
| Recurring financial charges | 65 | €35,704 | €31,109 | -€4,595 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €71,795 | €98,787 | +€26,992 | +37.6% |
| Income taxes | 67/77 | €19,817 | €25,426 | +€5,609 | +28.3% |
| Profit (loss) for the period | 9904 | €51,978 | €73,361 | +€21,383 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,978 | €73,361 | +€21,383 | +41.1% |
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 27 October 2026 via checked.be.