REPOS: 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.
REPOS
Largest movements
- Receivables within one year +€29,118
up €29,118 (+58.1%), from €50,077 to €79,195
of which Other amounts receivable: +€29,258
- Stocks and contracts -€12,573
down €12,573 (-66.9%), from €18,784 to €6,210
- Cash -€8,650
down €8,650 (-78.6%), from €11,004 to €2,354
mainly Trade debts (-€31,048) and Receivables within one year (-€29,118)
- Tangible fixed assets -€6,348
down €6,348 (-19.0%), from €33,353 to €27,005
of which Plant, machinery and equipment: -€5,728
- Profit (loss) carried forward +€38,774
up €38,774 (+99.9%), from -€38,814 to -€40
- Trade debts -€31,048
down €31,048 (-58.9%), from €52,696 to €21,649
- Other debts +€17,915
up €17,915 (+75.1%), from €23,851 to €41,766
- Tax, wage and social debts -€12,067
down €12,067 (-23.8%), from €50,678 to €38,611
of which Taxes: -€8,128
- Debts after one year -€8,698
down €8,698 (-87.8%), from €9,907 to €1,209
- Staff costs -€46,587
down €46,587 (-27.2%), from €171,548 to €124,961
- Gross operating margin -€16,061
down €16,061 (-8.4%), from €190,559 to €174,497
- Other operating charges -€7,910
down €7,910 (-87.6%), from €9,026 to €1,116
- Financial charges -€3,488
down €3,488 (-70.2%), from €4,969 to €1,481
- Depreciation +€2,195
up €2,195 (+36.6%), from €5,993 to €8,188
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 | €122,818 | €124,364 | +€1,547 | +1.3% |
| Fixed assets | 21/28 | €42,953 | €36,605 | -€6,348 | -14.8% |
| Tangible fixed assets | 22/27 | €33,353 | €27,005 | -€6,348 | -19.0% |
| Land and buildings | 22 | €11,128 | €11,554 | +€427 | +3.8% |
| Plant, machinery and equipment | 23 | €19,454 | €13,726 | -€5,728 | -29.4% |
| Furniture and vehicles | 24 | €2,771 | €1,725 | -€1,046 | -37.8% |
| Financial fixed assets | 28 | €9,600 | €9,600 | = | 0.0% |
| Current assets | 29/58 | €79,865 | €87,759 | +€7,895 | +9.9% |
| Stocks and contracts in progress | 3 | €18,784 | €6,210 | -€12,573 | -66.9% |
| Stocks | 30/36 | €18,784 | €6,210 | -€12,573 | -66.9% |
| Amounts receivable within one year | 40/41 | €50,077 | €79,195 | +€29,118 | +58.1% |
| Trade receivables | 40 | €140 | - | -€140 | |
| Other amounts receivable | 41 | €49,937 | €79,195 | +€29,258 | +58.6% |
| Cash at bank and in hand | 54/58 | €11,004 | €2,354 | -€8,650 | -78.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €122,818 | €124,364 | +€1,547 | +1.3% |
| Equity | 10/15 | -€26,814 | €11,960 | +€38,774 | |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,814 | -€40 | +€38,774 | +99.9% |
| Amounts payable | 17/49 | €149,631 | €112,404 | -€37,227 | -24.9% |
| Amounts payable after more than one year | 17 | €9,907 | €1,209 | -€8,698 | -87.8% |
| Financial debts | 170/4 | €9,907 | €1,209 | -€8,698 | -87.8% |
| Amounts payable within one year | 42/48 | €139,725 | €111,196 | -€28,529 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €12,499 | €9,169 | -€3,330 | -26.6% |
| Trade debts | 44 | €52,696 | €21,649 | -€31,048 | -58.9% |
| Suppliers | 440/4 | €52,696 | €21,649 | -€31,048 | -58.9% |
| Taxes, remuneration and social security | 45 | €50,678 | €38,611 | -€12,067 | -23.8% |
| Taxes | 450/3 | €29,213 | €21,085 | -€8,128 | -27.8% |
| Remuneration and social security | 454/9 | €21,465 | €17,526 | -€3,939 | -18.4% |
| Other amounts payable | 47/48 | €23,851 | €41,766 | +€17,915 | +75.1% |
| Remuneration, social security and pensions | 62 | €171,548 | €124,961 | -€46,587 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,993 | €8,188 | +€2,195 | +36.6% |
| Other operating charges | 640/8 | €9,026 | €1,116 | -€7,910 | -87.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €190,559 | €174,497 | -€16,061 | -8.4% |
| Operating profit (loss) | 9901 | €3,992 | €40,232 | +€36,240 | +907.8% |
| Financial income | 75/76B | €750 | €23 | -€727 | -97.0% |
| Recurring financial income | 75 | €750 | €23 | -€727 | -97.0% |
| Financial charges | 65/66B | €4,969 | €1,481 | -€3,488 | -70.2% |
| Recurring financial charges | 65 | €4,969 | €1,481 | -€3,488 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | -€227 | €38,774 | +€39,002 | |
| Profit (loss) for the period | 9904 | -€227 | €38,774 | +€39,002 | |
| Profit (loss) for the period to be appropriated | 9905 | -€227 | €38,774 | +€39,002 |
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 2 October 2026 via checked.be.