Repage: 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.
Repage
Largest movements
- Cash +€23,448
up €23,448 (+198%), from €11,863 to €35,311
mainly Net result for the year (+€42,613) and Trade debts (+€603)
- Receivables within one year +€19,957
up €19,957 (+91.6%), from €21,783 to €41,740
of which Other amounts receivable: +€18,868
- Reserves +€66,739
new in 2025: €66,739
- Profit (loss) carried forward -€24,126
no longer reported in 2025 (was €24,126)
- Gross operating margin +€13,804
up €13,804 (+35.1%), from €39,295 to €53,098
- Write-downs -€8,100
no longer reported in 2025 (was €8,100)
- Taxes +€4,653
up €4,653 (+71.9%), from €6,469 to €11,121
- Financial charges -€1,100
down €1,100, from €114 to -€987
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 | €34,935 | €78,010 | +€43,075 | +123% |
| Fixed assets | 21/28 | €1,148 | €797 | -€351 | -30.6% |
| Tangible fixed assets | 22/27 | €1,148 | €797 | -€351 | -30.6% |
| Furniture and vehicles | 24 | €1,148 | €797 | -€351 | -30.6% |
| Current assets | 29/58 | €33,786 | €77,213 | +€43,427 | +129% |
| Amounts receivable within one year | 40/41 | €21,783 | €41,740 | +€19,957 | +91.6% |
| Trade receivables | 40 | €18,581 | €19,670 | +€1,089 | +5.9% |
| Other amounts receivable | 41 | €3,203 | €22,070 | +€18,868 | +589% |
| Cash at bank and in hand | 54/58 | €11,863 | €35,311 | +€23,448 | +198% |
| Deferred charges and accrued income | 490/1 | €140 | €163 | +€22 | +15.8% |
| Total equity and liabilities | 10/49 | €34,935 | €78,010 | +€43,075 | +123% |
| Equity | 10/15 | €26,626 | €69,239 | +€42,613 | +160% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €66,739 | +€66,739 | |
| Distributable reserves | 133 | - | €66,739 | +€66,739 | |
| Profit (loss) carried forward | 14 | €24,126 | - | -€24,126 | |
| Amounts payable | 17/49 | €8,309 | €8,772 | +€463 | +5.6% |
| Amounts payable within one year | 42/48 | €8,309 | €8,772 | +€463 | +5.6% |
| Trade debts | 44 | €807 | €1,410 | +€603 | +74.7% |
| Suppliers | 440/4 | €807 | €1,410 | +€603 | +74.7% |
| Taxes, remuneration and social security | 45 | €7,502 | €7,362 | -€140 | -1.9% |
| Taxes | 450/3 | €7,502 | €7,362 | -€140 | -1.9% |
| Non-recurring operating income | 76A | - | €1,370 | +€1,370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284 | €351 | +€67 | +23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,100 | - | -€8,100 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €39,295 | €53,098 | +€13,804 | +35.1% |
| Operating profit (loss) | 9901 | €30,523 | €52,747 | +€22,224 | +72.8% |
| Financial income | 75/76B | €185 | €0 | -€185 | -100.0% |
| Recurring financial income | 75 | €185 | €0 | -€185 | -100.0% |
| Financial charges | 65/66B | €114 | -€987 | -€1,100 | |
| Recurring financial charges | 65 | €114 | -€987 | -€1,100 | |
| Profit (loss) for the period before taxes | 9903 | €30,595 | €53,734 | +€23,139 | +75.6% |
| Income taxes | 67/77 | €6,469 | €11,121 | +€4,653 | +71.9% |
| Profit (loss) for the period | 9904 | €24,126 | €42,613 | +€18,487 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,126 | €42,613 | +€18,487 | +76.6% |
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 17 October 2026 via checked.be.