REPOS: 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.
REPOS
Largest movements
- Cash +€25,667
up €25,667 (+51.8%), from €49,559 to €75,227
mainly Other debts (+€25,633) and Deferred charges and accrued income (+€5,878)
- Deferred charges and accrued income -€5,878
down €5,878 (-62.7%), from €9,378 to €3,500
- Receivables within one year -€5,184
down €5,184 (-13.5%), from €38,366 to €33,182
of which Trade receivables: -€7,106
- Stocks and contracts +€4,220
up €4,220 (+36.8%), from €11,453 to €15,673
- Tangible fixed assets -€2,418
down €2,418 (-15.1%), from €16,055 to €13,637
of which Land and buildings: -€2,151
- Other debts +€25,633
up €25,633 (+17399.9%), from €147 to €25,781
- Reserves -€11,269
down €11,269 (-12.3%), from €91,371 to €80,102
of which Distributable reserves: -€11,269
- Trade debts +€1,980
up €1,980 (+38.1%), from €5,203 to €7,183
- Gross operating margin -€5,270
down €5,270 (-39.8%), from €13,231 to €7,960
- Depreciation -€4,529
down €4,529 (-65.2%), from €6,947 to €2,418
- Taxes -€4,437
down €4,437, from €4,045 to -€393
- Other operating charges +€1,762
up €1,762 (+112.9%), from €1,561 to €3,323
- Financial charges +€1,332
up €1,332 (+160.8%), from €828 to €2,160
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 | €124,810 | €141,218 | +€16,408 | +13.1% |
| Fixed assets | 21/28 | €16,055 | €13,637 | -€2,418 | -15.1% |
| Tangible fixed assets | 22/27 | €16,055 | €13,637 | -€2,418 | -15.1% |
| Land and buildings | 22 | €2,217 | €66 | -€2,151 | -97.0% |
| Plant, machinery and equipment | 23 | €1,122 | €855 | -€267 | -23.8% |
| Furniture and vehicles | 24 | €12,716 | €12,716 | = | 0.0% |
| Current assets | 29/58 | €108,755 | €127,581 | +€18,826 | +17.3% |
| Stocks and contracts in progress | 3 | €11,453 | €15,673 | +€4,220 | +36.8% |
| Stocks | 30/36 | €11,453 | €15,673 | +€4,220 | +36.8% |
| Amounts receivable within one year | 40/41 | €38,366 | €33,182 | -€5,184 | -13.5% |
| Trade receivables | 40 | €37,951 | €30,845 | -€7,106 | -18.7% |
| Other amounts receivable | 41 | €415 | €2,337 | +€1,922 | +463.0% |
| Cash at bank and in hand | 54/58 | €49,559 | €75,227 | +€25,667 | +51.8% |
| Deferred charges and accrued income | 490/1 | €9,378 | €3,500 | -€5,878 | -62.7% |
| Total equity and liabilities | 10/49 | €124,810 | €141,218 | +€16,408 | +13.1% |
| Equity | 10/15 | €109,971 | €98,702 | -€11,269 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €91,371 | €80,102 | -€11,269 | -12.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €89,511 | €78,242 | -€11,269 | -12.6% |
| Amounts payable | 17/49 | €14,839 | €42,516 | +€27,677 | +186.5% |
| Amounts payable within one year | 42/48 | €14,602 | €41,788 | +€27,187 | +186.2% |
| Current portion of amounts payable after more than one year | 42 | €1,333 | €1,333 | = | 0.0% |
| Trade debts | 44 | €5,203 | €7,183 | +€1,980 | +38.1% |
| Suppliers | 440/4 | €5,203 | €7,183 | +€1,980 | +38.1% |
| Taxes, remuneration and social security | 45 | €7,918 | €7,492 | -€426 | -5.4% |
| Taxes | 450/3 | €5,262 | €7,492 | +€2,230 | +42.4% |
| Remuneration and social security | 454/9 | €2,656 | - | -€2,656 | |
| Other amounts payable | 47/48 | €147 | €25,781 | +€25,633 | +17399.9% |
| Accrued charges and deferred income | 492/3 | €237 | €728 | +€490 | +206.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,947 | €2,418 | -€4,529 | -65.2% |
| Other operating charges | 640/8 | €1,561 | €3,323 | +€1,762 | +112.9% |
| Gross operating margin | 9900 | €13,231 | €7,960 | -€5,270 | -39.8% |
| Operating profit (loss) | 9901 | €4,723 | €2,219 | -€2,504 | -53.0% |
| Financial income | 75/76B | €242 | €273 | +€31 | +13.0% |
| Recurring financial income | 75 | €242 | €273 | +€31 | +13.0% |
| Financial charges | 65/66B | €828 | €2,160 | +€1,332 | +160.8% |
| Recurring financial charges | 65 | €828 | €2,160 | +€1,332 | +160.8% |
| Profit (loss) for the period before taxes | 9903 | €4,137 | €333 | -€3,804 | -92.0% |
| Income taxes | 67/77 | €4,045 | -€393 | -€4,437 | |
| Profit (loss) for the period | 9904 | €92 | €725 | +€633 | +688.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92 | €725 | +€633 | +688.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.