REPSAK: 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.
REPSAK
Largest movements
- Cash +€99,373
up €99,373 (+205.9%), from €48,259 to €147,632
mainly Depreciation (+€70,867) and Tax, wage and social debts (+€63,939)
- Tangible fixed assets +€24,796
up €24,796 (+1.6%), from €1.6m to €1.6m
of which Furniture and vehicles: +€57,717
- Tax, wage and social debts +€63,939
up €63,939 (+166.1%), from €38,487 to €102,426
- Reserves +€60,585
up €60,585 (+5.1%), from €1.2m to €1.2m
- Other debts -€21,893
down €21,893 (-11.8%), from €185,678 to €163,784
- Gross operating margin +€227,431
up €227,431 (+1098.0%), from €20,713 to €248,145
- Other operating charges +€48,385
up €48,385 (+1108.6%), from €4,365 to €52,749
- Taxes +€35,665
up €35,665, from €0 to €35,665
- Depreciation +€14,497
up €14,497 (+25.7%), from €56,370 to €70,867
- Financial charges +€10,347
up €10,347 (+57.6%), from €17,967 to €28,314
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 | €1,655,795 | €1,778,553 | +€122,759 | +7.4% |
| Fixed assets | 21/28 | €1,580,627 | €1,605,423 | +€24,796 | +1.6% |
| Tangible fixed assets | 22/27 | €1,580,627 | €1,605,423 | +€24,796 | +1.6% |
| Land and buildings | 22 | €1,443,049 | €1,410,287 | -€32,762 | -2.3% |
| Plant, machinery and equipment | 23 | €5,059 | €5,171 | +€112 | +2.2% |
| Furniture and vehicles | 24 | €128,180 | €185,897 | +€57,717 | +45.0% |
| Other tangible fixed assets | 26 | €4,339 | €4,067 | -€272 | -6.3% |
| Current assets | 29/58 | €75,168 | €173,130 | +€97,963 | +130.3% |
| Amounts receivable within one year | 40/41 | €26,652 | €25,267 | -€1,386 | -5.2% |
| Trade receivables | 40 | €26,652 | €0 | -€26,652 | -100.0% |
| Other amounts receivable | 41 | - | €25,267 | +€25,267 | |
| Cash at bank and in hand | 54/58 | €48,259 | €147,632 | +€99,373 | +205.9% |
| Deferred charges and accrued income | 490/1 | €256 | €231 | -€25 | -9.8% |
| Total equity and liabilities | 10/49 | €1,655,795 | €1,778,553 | +€122,759 | +7.4% |
| Equity | 10/15 | €1,205,665 | €1,266,250 | +€60,585 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,187,065 | €1,247,650 | +€60,585 | +5.1% |
| Distributable reserves | 133 | €1,187,065 | €1,247,650 | +€60,585 | +5.1% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €445,129 | €507,303 | +€62,173 | +14.0% |
| Amounts payable after more than one year | 17 | €176,669 | €180,121 | +€3,452 | +2.0% |
| Financial debts | 170/4 | €176,669 | €180,121 | +€3,452 | +2.0% |
| Amounts payable within one year | 42/48 | €247,217 | €298,669 | +€51,452 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €22,827 | €30,959 | +€8,132 | +35.6% |
| Trade debts | 44 | €225 | €1,499 | +€1,274 | +565.8% |
| Suppliers | 440/4 | €225 | €1,499 | +€1,274 | +565.8% |
| Taxes, remuneration and social security | 45 | €38,487 | €102,426 | +€63,939 | +166.1% |
| Taxes | 450/3 | €38,487 | €102,426 | +€63,939 | +166.1% |
| Other amounts payable | 47/48 | €185,678 | €163,784 | -€21,893 | -11.8% |
| Accrued charges and deferred income | 492/3 | €21,243 | €28,513 | +€7,270 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,370 | €70,867 | +€14,497 | +25.7% |
| Other operating charges | 640/8 | €4,365 | €52,749 | +€48,385 | +1108.6% |
| Gross operating margin | 9900 | €20,713 | €248,145 | +€227,431 | +1098.0% |
| Operating profit (loss) | 9901 | -€40,021 | €124,528 | +€164,550 | |
| Financial income | 75/76B | €793 | €36 | -€757 | -95.5% |
| Recurring financial income | 75 | €793 | €36 | -€757 | -95.5% |
| Financial charges | 65/66B | €17,967 | €28,314 | +€10,347 | +57.6% |
| Recurring financial charges | 65 | €17,967 | €28,314 | +€10,347 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€57,195 | €96,250 | +€153,445 | |
| Income taxes | 67/77 | €0 | €35,665 | +€35,665 | |
| Profit (loss) for the period | 9904 | -€57,195 | €60,585 | +€117,780 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,195 | €60,585 | +€117,780 |
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 9 October 2026 via checked.be.