REPNA: 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.
REPNA
Largest movements
- Current investments +€385,000
up €385,000 (+962.5%), from €40,000 to €425,000
- Cash -€15,972
down €15,972 (-72.4%), from €22,046 to €6,074
mainly Current investments (-€385,000) and Accrued charges and deferred income (-€2,939)
- Profit (loss) carried forward +€279,844
up €279,844 (+397562.6%), from €70 to €279,915
- Tax, wage and social debts +€92,195
up €92,195 (+353.6%), from €26,076 to €118,271
of which Taxes: +€88,110
- Gross operating margin +€325,827
up €325,827 (+835.2%), from €39,013 to €364,840
- Taxes +€77,339
up €77,339 (+745.1%), from €10,380 to €87,719
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,046 | €433,800 | +€371,754 | +599.2% |
| Current assets | 29/58 | €62,046 | €433,800 | +€371,754 | +599.2% |
| Amounts receivable within one year | 40/41 | - | €439 | +€439 | |
| Trade receivables | 40 | - | €439 | +€439 | |
| Current investments | 50/53 | €40,000 | €425,000 | +€385,000 | +962.5% |
| Cash at bank and in hand | 54/58 | €22,046 | €6,074 | -€15,972 | -72.4% |
| Deferred charges and accrued income | 490/1 | - | €2,287 | +€2,287 | |
| Total equity and liabilities | 10/49 | €62,046 | €433,800 | +€371,754 | +599.2% |
| Equity | 10/15 | €32,670 | €312,515 | +€279,844 | +856.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €27,600 | €27,600 | = | 0.0% |
| Distributable reserves | 133 | €27,600 | €27,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70 | €279,915 | +€279,844 | +397562.6% |
| Amounts payable | 17/49 | €29,375 | €121,285 | +€91,910 | +312.9% |
| Amounts payable within one year | 42/48 | €26,436 | €121,285 | +€94,849 | +358.8% |
| Trade debts | 44 | €360 | €3,014 | +€2,654 | +736.4% |
| Suppliers | 440/4 | €360 | €3,014 | +€2,654 | +736.4% |
| Taxes, remuneration and social security | 45 | €26,076 | €118,271 | +€92,195 | +353.6% |
| Taxes | 450/3 | €20,487 | €108,597 | +€88,110 | +430.1% |
| Remuneration and social security | 454/9 | €5,589 | €9,674 | +€4,085 | +73.1% |
| Accrued charges and deferred income | 492/3 | €2,939 | €0 | -€2,939 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €850 | €0 | -€850 | -100.0% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €39,013 | €364,840 | +€325,827 | +835.2% |
| Operating profit (loss) | 9901 | €38,163 | €364,720 | +€326,557 | +855.7% |
| Financial income | 75/76B | €32 | €3,349 | +€3,317 | +10285.6% |
| Recurring financial income | 75 | €32 | €3,349 | +€3,317 | +10285.6% |
| Financial charges | 65/66B | €145 | €506 | +€361 | +249.1% |
| Recurring financial charges | 65 | €145 | €506 | +€361 | +249.1% |
| Profit (loss) for the period before taxes | 9903 | €38,050 | €367,563 | +€329,512 | +866.0% |
| Income taxes | 67/77 | €10,380 | €87,719 | +€77,339 | +745.1% |
| Profit (loss) for the period | 9904 | €27,670 | €279,844 | +€252,174 | +911.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,670 | €279,844 | +€252,174 | +911.3% |
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 5 October 2026 via checked.be.