REPOW: 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.
What changed
REPOW
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€80,705
2024 · €73,660+€7,045
Equity
€473,557
2024 · €392,852+€80,705
Cash
€129,123
2024 · €127,578+€1,544
Balance sheet total
€1.3m
2024 · €1.3m-€45,026
Largest movements
Assets
- Tangible fixed assets -€42,071
down €42,071 (-4.0%), from €1.0m to €999,344
of which Land and buildings: -€45,287
Equity and liabilities
- Profit (loss) carried forward +€80,705
up €80,705 (+36.2%), from €223,027 to €303,732
- Debts after one year -€78,793
down €78,793 (-12.6%), from €627,146 to €548,354
- Other debts -€31,095
down €31,095 (-21.1%), from €147,326 to €116,231
Income statement
- Gross operating margin +€17,545
up €17,545 (+5.8%), from €303,997 to €321,542
- Staff costs +€7,236
up €7,236 (+5.4%), from €134,435 to €141,671
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.
Result 2024
€73,660
Gross operating margin
+€17,545
Staff costs
-€7,236
Depreciation
-€1,559
Other operating charges
-€1,298
Financial income
+€1,015
Financial charges
+€1,368
Taxes
-€2,789
Result 2025
€80,705
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€90,516
Investment
-€11,075
Financing
-€77,897
Cash 2024
€127,578
From operations (derived)
+€90,516
Net result for the year
+€80,705
Depreciation
+€53,147
Receivables within one year
+€5,285
Deferred charges and accrued income
-€786
Trade debts
-€12,612
Tax, wage and social debts
-€4,086
Other debts
-€31,095
Accrued charges and deferred income
-€42
Investment (derived)
-€11,075
Investment in fixed assets (net)
-€11,075
Financing
-€77,897
Debts after one year
-€78,793
Current portion of long-term debt
+€896
Cash 2025
€129,123
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,323,147 | €1,278,121 | -€45,026 | -3.4% |
| Fixed assets | 21/28 | €1,041,415 | €999,344 | -€42,071 | -4.0% |
| Tangible fixed assets | 22/27 | €1,041,415 | €999,344 | -€42,071 | -4.0% |
| Land and buildings | 22 | €1,023,028 | €977,741 | -€45,287 | -4.4% |
| Plant, machinery and equipment | 23 | - | €8,416 | +€8,416 | |
| Furniture and vehicles | 24 | €18,387 | €13,186 | -€5,201 | -28.3% |
| Current assets | 29/58 | €281,732 | €278,777 | -€2,955 | -1.0% |
| Amounts receivable within one year | 40/41 | €146,245 | €140,960 | -€5,285 | -3.6% |
| Trade receivables | 40 | €135,109 | €140,943 | +€5,834 | +4.3% |
| Other amounts receivable | 41 | €11,135 | €17 | -€11,119 | -99.9% |
| Cash at bank and in hand | 54/58 | €127,578 | €129,123 | +€1,544 | +1.2% |
| Deferred charges and accrued income | 490/1 | €7,909 | €8,695 | +€786 | +9.9% |
| Total equity and liabilities | 10/49 | €1,323,147 | €1,278,121 | -€45,026 | -3.4% |
| Equity | 10/15 | €392,852 | €473,557 | +€80,705 | +20.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €139,825 | €139,825 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €94,725 | €42,100 | -€52,625 | -55.6% |
| Distributable reserves | 133 | €42,100 | €94,725 | +€52,625 | +125% |
| Profit (loss) carried forward | 14 | €223,027 | €303,732 | +€80,705 | +36.2% |
| Amounts payable | 17/49 | €930,295 | €804,564 | -€125,732 | -13.5% |
| Amounts payable after more than one year | 17 | €627,146 | €548,354 | -€78,793 | -12.6% |
| Financial debts | 170/4 | €627,146 | €548,354 | -€78,793 | -12.6% |
| Amounts payable within one year | 42/48 | €302,372 | €255,475 | -€46,897 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €84,425 | €85,321 | +€896 | +1.1% |
| Trade debts | 44 | €35,263 | €22,652 | -€12,612 | -35.8% |
| Suppliers | 440/4 | €35,263 | €22,652 | -€12,612 | -35.8% |
| Taxes, remuneration and social security | 45 | €35,357 | €31,271 | -€4,086 | -11.6% |
| Taxes | 450/3 | €5,120 | €3,480 | -€1,640 | -32.0% |
| Remuneration and social security | 454/9 | €30,237 | €27,791 | -€2,446 | -8.1% |
| Other amounts payable | 47/48 | €147,326 | €116,231 | -€31,095 | -21.1% |
| Accrued charges and deferred income | 492/3 | €777 | €735 | -€42 | -5.4% |
| Non-recurring operating income | 76A | €991 | €0 | -€991 | -100% |
| Remuneration, social security and pensions | 62 | €134,435 | €141,671 | +€7,236 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,588 | €53,147 | +€1,559 | +3.0% |
| Other operating charges | 640/8 | €8,720 | €10,018 | +€1,298 | +14.9% |
| Gross operating margin | 9900 | €303,997 | €321,542 | +€17,545 | +5.8% |
| Operating profit (loss) | 9901 | €109,254 | €116,705 | +€7,452 | +6.8% |
| Financial income | 75/76B | €884 | €1,899 | +€1,015 | +115% |
| Recurring financial income | 75 | €884 | €1,899 | +€1,015 | +115% |
| Financial charges | 65/66B | €11,916 | €10,548 | -€1,368 | -11.5% |
| Recurring financial charges | 65 | €11,916 | €10,548 | -€1,368 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €98,221 | €108,056 | +€9,835 | +10.0% |
| Income taxes | 67/77 | €24,562 | €27,351 | +€2,789 | +11.4% |
| Profit (loss) for the period | 9904 | €73,660 | €80,705 | +€7,045 | +9.6% |
| Transfer from tax-exempt reserves | 789 | €42,100 | €52,625 | +€10,525 | +25.0% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €73,660 | €133,330 | +€59,670 | +81.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.