REPI: 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.
REPI
Largest movements
- Tangible fixed assets +€134,655
up €134,655 (+413.1%), from €32,599 to €167,254
of which Leasing and similar rights: +€137,598
- Receivables within one year -€22,055
down €22,055 (-48.7%), from €45,288 to €23,233
of which Trade receivables: -€12,344
- Cash +€2,939
up €2,939 (+77.2%), from €3,806 to €6,745
mainly Debts after one year (+€101,431) and Depreciation (+€35,955)
- Debts after one year +€101,431
up €101,431 (+424.5%), from €23,897 to €125,328
- Profit (loss) carried forward -€42,050
down €42,050, from €26,085 to -€15,966
- Other debts +€33,227
up €33,227 (+12306.4%), from €270 to €33,497
- Current portion of long-term debt +€25,390
new in 2024: €25,390
- Trade debts -€4,218
down €4,218 (-27.3%), from €15,464 to €11,246
- Depreciation +€26,030
up €26,030 (+262.3%), from €9,925 to €35,955
- Staff costs +€20,231
up €20,231 (+60.0%), from €33,718 to €53,949
- Gross operating margin +€10,642
up €10,642 (+22.2%), from €47,910 to €58,552
- Financial charges +€9,184
up €9,184 (+606.3%), from €1,515 to €10,699
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.
Cash bridge derived
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 | €97,005 | €212,449 | +€115,444 | +119.0% |
| Fixed assets | 21/28 | €47,911 | €182,471 | +€134,560 | +280.9% |
| Tangible fixed assets | 22/27 | €32,599 | €167,254 | +€134,655 | +413.1% |
| Plant, machinery and equipment | 23 | €10,854 | €8,420 | -€2,433 | -22.4% |
| Furniture and vehicles | 24 | €18,344 | €18,969 | +€625 | +3.4% |
| Leasing and similar rights | 25 | - | €137,598 | +€137,598 | |
| Other tangible fixed assets | 26 | €3,401 | €2,266 | -€1,135 | -33.4% |
| Financial fixed assets | 28 | €15,313 | €15,218 | -€95 | -0.6% |
| Current assets | 29/58 | €49,093 | €29,977 | -€19,116 | -38.9% |
| Amounts receivable within one year | 40/41 | €45,288 | €23,233 | -€22,055 | -48.7% |
| Trade receivables | 40 | €26,944 | €14,600 | -€12,344 | -45.8% |
| Other amounts receivable | 41 | €18,344 | €8,633 | -€9,711 | -52.9% |
| Cash at bank and in hand | 54/58 | €3,806 | €6,745 | +€2,939 | +77.2% |
| Total equity and liabilities | 10/49 | €97,005 | €212,449 | +€115,444 | +119.0% |
| Equity | 10/15 | €46,545 | €4,494 | -€42,050 | -90.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,085 | -€15,966 | -€42,050 | |
| Amounts payable | 17/49 | €50,460 | €207,954 | +€157,494 | +312.1% |
| Amounts payable after more than one year | 17 | €23,897 | €125,328 | +€101,431 | +424.5% |
| Financial debts | 170/4 | €23,897 | €125,328 | +€101,431 | +424.5% |
| Amounts payable within one year | 42/48 | €26,563 | €82,626 | +€56,063 | +211.1% |
| Current portion of amounts payable after more than one year | 42 | - | €25,390 | +€25,390 | |
| Financial debts | 43 | €8,704 | €8,879 | +€175 | +2.0% |
| Credit institutions | 430/8 | €8,704 | €8,879 | +€175 | +2.0% |
| Trade debts | 44 | €15,464 | €11,246 | -€4,218 | -27.3% |
| Suppliers | 440/4 | €15,464 | €11,246 | -€4,218 | -27.3% |
| Taxes, remuneration and social security | 45 | €2,125 | €3,614 | +€1,489 | +70.1% |
| Taxes | 450/3 | €197 | €293 | +€96 | +49.0% |
| Remuneration and social security | 454/9 | €1,928 | €3,321 | +€1,392 | +72.2% |
| Other amounts payable | 47/48 | €270 | €33,497 | +€33,227 | +12306.4% |
| Non-recurring operating income | 76A | €136 | - | -€136 | |
| Remuneration, social security and pensions | 62 | €33,718 | €53,949 | +€20,231 | +60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,925 | €35,955 | +€26,030 | +262.3% |
| Non-recurring operating charges | 66A | €2,911 | - | -€2,911 | |
| Gross operating margin | 9900 | €47,910 | €58,552 | +€10,642 | +22.2% |
| Operating profit (loss) | 9901 | €1,356 | -€31,351 | -€32,707 | |
| Financial income | 75/76B | €99 | €0 | -€99 | -100.0% |
| Recurring financial income | 75 | €99 | €0 | -€99 | -100.0% |
| Financial charges | 65/66B | €1,515 | €10,699 | +€9,184 | +606.3% |
| Recurring financial charges | 65 | €1,515 | €10,699 | +€9,184 | +606.3% |
| Profit (loss) for the period before taxes | 9903 | -€60 | -€42,050 | -€41,990 | -69588.9% |
| Profit (loss) for the period | 9904 | -€60 | -€42,050 | -€41,990 | -69588.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€60 | -€42,050 | -€41,990 | -69588.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.