REPSO: 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.
REPSO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year +€21,745
up €21,745 (+21.1%), from €103,255 to €125,000
of which Other amounts payable: +€100,000
- Profit (loss) carried forward -€9,602
down €9,602 (-55.4%), from -€17,329 to -€26,931
- Current portion of long-term debt -€6,369
no longer reported in 2025 (was €6,369)
- Short-term financial debts -€4,748
no longer reported in 2025 (was €4,748)
- Trade debts -€3,141
down €3,141 (-32.8%), from €9,586 to €6,445
- Gross operating margin -€5,223
down €5,223, from €601 to -€4,622
- Depreciation -€1,517
down €1,517 (-42.7%), from €3,554 to €2,036
- Financial charges +€539
up €539 (+24.7%), from €2,182 to €2,721
- Other operating charges +€110
up €110 (+98.8%), from €112 to €222
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 | €139,247 | €137,589 | -€1,658 | -1.2% |
| Fixed assets | 21/28 | €134,421 | €132,385 | -€2,036 | -1.5% |
| Intangible fixed assets | 21 | €2,290 | €1,030 | -€1,260 | -55.0% |
| Tangible fixed assets | 22/27 | €132,132 | €131,355 | -€776 | -0.6% |
| Land and buildings | 22 | €131,355 | €131,355 | = | 0.0% |
| Furniture and vehicles | 24 | €776 | - | -€776 | |
| Current assets | 29/58 | €4,826 | €5,204 | +€378 | +7.8% |
| Amounts receivable within one year | 40/41 | €4,826 | €4,555 | -€271 | -5.6% |
| Trade receivables | 40 | €4,826 | €4,041 | -€785 | -16.3% |
| Other amounts receivable | 41 | - | €514 | +€514 | |
| Cash at bank and in hand | 54/58 | - | €649 | +€649 | |
| Total equity and liabilities | 10/49 | €139,247 | €137,589 | -€1,658 | -1.2% |
| Equity | 10/15 | €10,631 | €1,029 | -€9,602 | -90.3% |
| Contributions | 10/11 | €13,300 | €13,300 | = | 0.0% |
| Reserves | 13 | €14,660 | €14,660 | = | 0.0% |
| Distributable reserves | 133 | €14,660 | €14,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,329 | -€26,931 | -€9,602 | -55.4% |
| Amounts payable | 17/49 | €128,616 | €136,560 | +€7,944 | +6.2% |
| Amounts payable after more than one year | 17 | €103,255 | €125,000 | +€21,745 | +21.1% |
| Financial debts | 170/4 | €78,255 | - | -€78,255 | |
| Other amounts payable | 178/9 | €25,000 | €125,000 | +€100,000 | +400.0% |
| Amounts payable within one year | 42/48 | €25,361 | €11,560 | -€13,802 | -54.4% |
| Current portion of amounts payable after more than one year | 42 | €6,369 | - | -€6,369 | |
| Financial debts | 43 | €4,748 | - | -€4,748 | |
| Credit institutions | 430/8 | €4,748 | - | -€4,748 | |
| Trade debts | 44 | €9,586 | €6,445 | -€3,141 | -32.8% |
| Suppliers | 440/4 | €9,586 | €6,445 | -€3,141 | -32.8% |
| Taxes, remuneration and social security | 45 | €1,297 | - | -€1,297 | |
| Taxes | 450/3 | €1,297 | - | -€1,297 | |
| Other amounts payable | 47/48 | €3,361 | €5,114 | +€1,753 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,554 | €2,036 | -€1,517 | -42.7% |
| Other operating charges | 640/8 | €112 | €222 | +€110 | +98.8% |
| Gross operating margin | 9900 | €601 | -€4,622 | -€5,223 | |
| Operating profit (loss) | 9901 | -€3,065 | -€6,881 | -€3,816 | -124.5% |
| Financial charges | 65/66B | €2,182 | €2,721 | +€539 | +24.7% |
| Recurring financial charges | 65 | €2,182 | €2,721 | +€539 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,247 | -€9,602 | -€4,355 | -83.0% |
| Profit (loss) for the period | 9904 | -€5,247 | -€9,602 | -€4,355 | -83.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,247 | -€9,602 | -€4,355 | -83.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.