REPAQ: 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.
REPAQ
Largest movements
- Current investments -€100,000
no longer reported in 2024 (was €100,000)
- Tangible fixed assets -€78,156
down €78,156 (-12.6%), from €621,917 to €543,761
of which Plant, machinery and equipment: -€51,142
- Cash +€47,994
up €47,994 (+46.8%), from €102,528 to €150,522
mainly Current investments (+€100,000) and Depreciation (+€78,899)
- Trade debts -€37,920
down €37,920 (-25.7%), from €147,715 to €109,794
- Debts after one year -€33,529
down €33,529 (-13.9%), from €241,128 to €207,599
- Other debts -€31,913
down €31,913 (-11.5%), from €278,061 to €246,149
- Current portion of long-term debt -€20,660
down €20,660 (-37.5%), from €55,141 to €34,481
- Tax, wage and social debts -€15,213
down €15,213 (-48.7%), from €31,231 to €16,019
of which Taxes: -€13,263
- Gross operating margin -€22,749
down €22,749 (-9.3%), from €244,315 to €221,566
- Depreciation +€11,657
up €11,657 (+17.3%), from €67,242 to €78,899
- Provisions -€9,792
no longer reported in 2024 (was €9,792)
- Financial charges -€9,129
down €9,129 (-54.1%), from €16,866 to €7,737
- Staff costs -€5,747
down €5,747 (-4.4%), from €129,210 to €123,463
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €903,065 | €769,597 | -€133,467 | -14.8% |
| Fixed assets | 21/28 | €621,917 | €543,761 | -€78,156 | -12.6% |
| Tangible fixed assets | 22/27 | €621,917 | €543,761 | -€78,156 | -12.6% |
| Land and buildings | 22 | €541,686 | €516,161 | -€25,525 | -4.7% |
| Plant, machinery and equipment | 23 | €72,451 | €21,309 | -€51,142 | -70.6% |
| Furniture and vehicles | 24 | €7,780 | €6,291 | -€1,489 | -19.1% |
| Current assets | 29/58 | €281,148 | €225,837 | -€55,311 | -19.7% |
| Stocks and contracts in progress | 3 | €69,618 | €65,901 | -€3,717 | -5.3% |
| Stocks | 30/36 | €69,618 | €65,901 | -€3,717 | -5.3% |
| Amounts receivable within one year | 40/41 | €8,094 | €8,598 | +€504 | +6.2% |
| Trade receivables | 40 | €2,130 | €2,643 | +€513 | +24.1% |
| Other amounts receivable | 41 | €5,964 | €5,955 | -€9 | -0.2% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €102,528 | €150,522 | +€47,994 | +46.8% |
| Deferred charges and accrued income | 490/1 | €907 | €816 | -€91 | -10.1% |
| Total equity and liabilities | 10/49 | €903,065 | €769,597 | -€133,467 | -14.8% |
| Equity | 10/15 | €149,788 | €155,556 | +€5,767 | +3.9% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €64,788 | €70,556 | +€5,767 | +8.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €54,788 | €60,556 | +€5,767 | +10.5% |
| Amounts payable | 17/49 | €753,276 | €614,042 | -€139,235 | -18.5% |
| Amounts payable after more than one year | 17 | €241,128 | €207,599 | -€33,529 | -13.9% |
| Financial debts | 170/4 | €241,128 | €207,599 | -€33,529 | -13.9% |
| Amounts payable within one year | 42/48 | €512,148 | €406,442 | -€105,706 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €55,141 | €34,481 | -€20,660 | -37.5% |
| Trade debts | 44 | €147,715 | €109,794 | -€37,920 | -25.7% |
| Suppliers | 440/4 | €147,715 | €109,794 | -€37,920 | -25.7% |
| Taxes, remuneration and social security | 45 | €31,231 | €16,019 | -€15,213 | -48.7% |
| Taxes | 450/3 | €13,297 | €34 | -€13,263 | -99.7% |
| Remuneration and social security | 454/9 | €17,934 | €15,984 | -€1,950 | -10.9% |
| Other amounts payable | 47/48 | €278,061 | €246,149 | -€31,913 | -11.5% |
| Remuneration, social security and pensions | 62 | €129,210 | €123,463 | -€5,747 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,242 | €78,899 | +€11,657 | +17.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,792 | - | -€9,792 | |
| Other operating charges | 640/8 | €2,512 | €3,269 | +€756 | +30.1% |
| Gross operating margin | 9900 | €244,315 | €221,566 | -€22,749 | -9.3% |
| Operating profit (loss) | 9901 | €35,558 | €15,935 | -€19,623 | -55.2% |
| Financial income | 75/76B | €684 | €270 | -€414 | -60.5% |
| Recurring financial income | 75 | €684 | €270 | -€414 | -60.5% |
| Financial charges | 65/66B | €16,866 | €7,737 | -€9,129 | -54.1% |
| Recurring financial charges | 65 | €16,866 | €7,737 | -€9,129 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | €19,377 | €8,469 | -€10,908 | -56.3% |
| Income taxes | 67/77 | €4,466 | €2,701 | -€1,765 | -39.5% |
| Profit (loss) for the period | 9904 | €14,911 | €5,767 | -€9,143 | -61.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,911 | €5,767 | -€9,143 | -61.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.