Repamine: 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
Repamine
NACE 25.110, Manufacture of metal structures and parts of structures
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€126,458
2024 · €234,289-€107,831
Equity
€1.6m
2024 · €1.5m+€66,458
Cash
€236,093
2024 · €183,348+€52,745
Balance sheet total
€2.7m
2024 · €2.7m-€8,051
Largest movements
Assets
- Receivables within one year -€91,628
down €91,628 (-14.0%), from €656,421 to €564,793
of which Trade receivables: -€102,587
- Cash +€52,745
up €52,745 (+28.8%), from €183,348 to €236,093
mainly Net result for the year (+€126,458) and Receivables within one year (+€91,628)
Equity and liabilities
- Trade debts -€122,584
down €122,584 (-31.6%), from €387,556 to €264,972
- Current portion of long-term debt +€77,103
up €77,103 (+16.5%), from €466,596 to €543,698
- Profit (loss) carried forward +€66,458
up €66,458 (+4.6%), from €1.5m to €1.5m
Income statement
- Purchases and services +€198,324
up €198,324 (+7.0%), from €2.8m to €3.0m
- Turnover +€138,319
up €138,319 (+3.2%), from €4.3m to €4.4m
- Write-downs +€104,931
up €104,931, from -€104,931 to €0
- Gross operating margin -€50,229
down €50,229 (-3.5%), from €1.5m to €1.4m
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
€234,289
Gross operating margin
-€50,229
Staff costs
-€6,182
Depreciation
-€15,998
Write-downs
-€104,931
Other operating charges
+€26,939
Other operating items
-€3,570
Financial income
+€4,126
Financial charges
+€5,056
Taxes
+€36,958
Result 2025
€126,458
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
+€134,252
Investment
-€99,747
Financing
+€18,240
Cash 2024
€183,348
From operations (derived)
+€134,252
Net result for the year
+€126,458
Depreciation
+€80,932
Stocks and contracts
-€12,017
Receivables within one year
+€91,628
Trade debts
-€122,584
Tax, wage and social debts
-€13,331
Other debts
-€16,834
Investment (derived)
-€99,747
Investment in fixed assets (net)
-€99,747
Financing
+€18,240
Debts after one year
+€1,137
Current portion of long-term debt
+€77,103
Contributions, distributions and other
-€60,000
Cash 2025
€236,093
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,688,829 | €2,680,778 | -€8,051 | -0.3% |
| Fixed assets | 21/28 | €146,748 | €165,563 | +€18,815 | +12.8% |
| Tangible fixed assets | 22/27 | €146,376 | €165,191 | +€18,815 | +12.9% |
| Land and buildings | 22 | €39,435 | €26,392 | -€13,043 | -33.1% |
| Plant, machinery and equipment | 23 | €95,364 | €92,623 | -€2,741 | -2.9% |
| Furniture and vehicles | 24 | €11,578 | €46,176 | +€34,599 | +298.8% |
| Financial fixed assets | 28 | €372 | €372 | = | 0.0% |
| Current assets | 29/58 | €2,542,081 | €2,515,215 | -€26,866 | -1.1% |
| Stocks and contracts in progress | 3 | €1,702,312 | €1,714,329 | +€12,017 | +0.7% |
| Stocks | 30/36 | €1,702,312 | €1,714,329 | +€12,017 | +0.7% |
| Amounts receivable within one year | 40/41 | €656,421 | €564,793 | -€91,628 | -14.0% |
| Trade receivables | 40 | €651,899 | €549,312 | -€102,587 | -15.7% |
| Other amounts receivable | 41 | €4,522 | €15,481 | +€10,959 | +242.3% |
| Cash at bank and in hand | 54/58 | €183,348 | €236,093 | +€52,745 | +28.8% |
| Total equity and liabilities | 10/49 | €2,688,829 | €2,680,778 | -€8,051 | -0.3% |
| Equity | 10/15 | €1,540,420 | €1,606,878 | +€66,458 | +4.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €24,950 | €24,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,453,470 | €1,519,928 | +€66,458 | +4.6% |
| Amounts payable | 17/49 | €1,148,410 | €1,073,901 | -€74,509 | -6.5% |
| Amounts payable after more than one year | 17 | €13,668 | €14,804 | +€1,137 | +8.3% |
| Financial debts | 170/4 | €13,668 | €14,804 | +€1,137 | +8.3% |
| Amounts payable within one year | 42/48 | €1,134,742 | €1,059,096 | -€75,646 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €466,596 | €543,698 | +€77,103 | +16.5% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €387,556 | €264,972 | -€122,584 | -31.6% |
| Suppliers | 440/4 | €387,556 | €264,972 | -€122,584 | -31.6% |
| Taxes, remuneration and social security | 45 | €122,151 | €108,820 | -€13,331 | -10.9% |
| Taxes | 450/3 | €26,869 | €9,885 | -€16,985 | -63.2% |
| Remuneration and social security | 454/9 | €95,282 | €98,936 | +€3,654 | +3.8% |
| Other amounts payable | 47/48 | €158,439 | €141,605 | -€16,834 | -10.6% |
| Turnover | 70 | €4,269,613 | €4,407,932 | +€138,319 | +3.2% |
| Non-recurring operating income | 76A | €2,949 | - | -€2,949 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,849,374 | €3,047,698 | +€198,324 | +7.0% |
| Remuneration, social security and pensions | 62 | €1,077,498 | €1,083,680 | +€6,182 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,934 | €80,932 | +€15,998 | +24.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€104,931 | €0 | +€104,931 | |
| Other operating charges | 640/8 | €69,921 | €42,981 | -€26,939 | -38.5% |
| Non-recurring operating charges | 66A | - | €3,570 | +€3,570 | |
| Gross operating margin | 9900 | €1,454,998 | €1,404,769 | -€50,229 | -3.5% |
| Operating profit (loss) | 9901 | €347,577 | €193,606 | -€153,971 | -44.3% |
| Financial income | 75/76B | €20,761 | €24,886 | +€4,126 | +19.9% |
| Recurring financial income | 75 | €20,761 | €24,886 | +€4,126 | +19.9% |
| Financial charges | 65/66B | €48,041 | €42,985 | -€5,056 | -10.5% |
| Recurring financial charges | 65 | €48,041 | €42,985 | -€5,056 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €320,297 | €175,508 | -€144,789 | -45.2% |
| Income taxes | 67/77 | €86,008 | €49,050 | -€36,958 | -43.0% |
| Profit (loss) for the period | 9904 | €234,289 | €126,458 | -€107,831 | -46.0% |
| Profit (loss) for the period to be appropriated | 9905 | €234,289 | €126,458 | -€107,831 | -46.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.