REWER LOGISTICS: 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.
What changed
REWER LOGISTICS
NACE 52.100, Warehousing and storage
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€409,479
2024 · -€76,931+€486,409
Equity
€4.6m
2024 · €4.3m+€380,602
Cash
€217,619
2024 · €95,088+€122,532
Balance sheet total
€9.9m
2024 · €9.9m-€21,928
Largest movements
Assets
- Tangible fixed assets -€1.4m
down €1.4m (-16.9%), from €8.4m to €7.0m
- Intangible fixed assets +€720,499
up €720,499 (+123.8%), from €582,207 to €1.3m
- Receivables within one year +€628,478
up €628,478 (+85.0%), from €739,231 to €1.4m
of which Other amounts receivable: +€594,416
- Cash +€122,532
up €122,532 (+128.9%), from €95,088 to €217,619
mainly Depreciation (+€937,675) and Net result for the year (+€409,479)
Equity and liabilities
- Profit (loss) carried forward +€212,557
up €212,557 (+9.7%), from €2.2m to €2.4m
- Reserves +€196,921
up €196,921 (+14.5%), from €1.4m to €1.6m
of which Tax-exempt reserves: +€196,921
- Other debts -€196,161
down €196,161 (-43.5%), from €450,871 to €254,710
- Trade debts -€178,565
down €178,565 (-51.9%), from €344,035 to €165,470
- Debts after one year -€158,673
down €158,673 (-4.6%), from €3.4m to €3.3m
Income statement
- Gross operating margin +€852,925
up €852,925 (+21.6%), from €3.9m to €4.8m
- Depreciation +€208,308
up €208,308 (+28.6%), from €729,368 to €937,675
- Taxes +€80,343
up €80,343 (+547.6%), from €14,671 to €95,013
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
-€76,931
Gross operating margin
+€852,925
Staff costs
+€5,404
Depreciation
-€208,308
Other operating charges
+€336
Other operating items
-€410
Financial income
+€1,530
Financial charges
+€3,678
Taxes
-€80,343
Deferred taxes and other
-€88,404
Result 2025
€409,479
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.
From operations
+€517,791
Investment
-€237,508
Financing
-€157,750
Cash 2024
€95,088
From operations (derived)
+€517,791
Net result for the year
+€409,479
Depreciation
+€937,675
Receivables after one year
+€65,000
Receivables within one year
-€628,478
Deferred charges and accrued income
+€7,770
Provisions
+€63,567
Trade debts
-€178,565
Tax, wage and social debts
+€41,556
Other debts
-€196,161
Accrued charges and deferred income
-€4,053
Investment (derived)
-€237,508
Investment in fixed assets (net)
-€237,508
Financing
-€157,750
Debts after one year
-€158,673
Current portion of long-term debt
+€50,089
Short-term financial debts
-€20,289
Contributions, distributions and other
-€28,876
Cash 2025
€217,619
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,928,536 | €9,906,608 | -€21,928 | -0.2% |
| Fixed assets | 21/28 | €8,969,615 | €8,269,448 | -€700,167 | -7.8% |
| Intangible fixed assets | 21 | €582,207 | €1,302,707 | +€720,499 | +123.8% |
| Tangible fixed assets | 22/27 | €8,387,408 | €6,966,742 | -€1.4m | -16.9% |
| Land and buildings | 22 | €7,511,153 | €6,822,398 | -€688,755 | -9.2% |
| Plant, machinery and equipment | 23 | €40,129 | €62,988 | +€22,859 | +57.0% |
| Furniture and vehicles | 24 | €119,736 | €81,355 | -€38,381 | -32.1% |
| Leasing and similar rights | 25 | €6,596 | €0 | -€6,596 | -100.0% |
| Other tangible fixed assets | 26 | €764 | €0 | -€764 | -100.0% |
| Assets under construction and advance payments | 27 | €709,030 | €0 | -€709,030 | -100.0% |
| Current assets | 29/58 | €958,920 | €1,637,160 | +€678,239 | +70.7% |
| Amounts receivable after more than one year | 29 | €65,000 | €0 | -€65,000 | -100.0% |
| Other amounts receivable | 291 | €65,000 | €0 | -€65,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €739,231 | €1,367,708 | +€628,478 | +85.0% |
| Trade receivables | 40 | €39,427 | €73,488 | +€34,061 | +86.4% |
| Other amounts receivable | 41 | €699,804 | €1,294,220 | +€594,416 | +84.9% |
| Cash at bank and in hand | 54/58 | €95,088 | €217,619 | +€122,532 | +128.9% |
| Deferred charges and accrued income | 490/1 | €59,602 | €51,832 | -€7,770 | -13.0% |
| Total equity and liabilities | 10/49 | €9,928,536 | €9,906,608 | -€21,928 | -0.2% |
| Equity | 10/15 | €4,251,859 | €4,632,462 | +€380,602 | +9.0% |
| Contributions | 10/11 | €154,987 | €154,987 | = | 0.0% |
| Capital | 10 | €154,987 | €154,987 | = | 0.0% |
| Issued capital | 100 | €154,987 | €154,987 | = | 0.0% |
| Reserves | 13 | €1,357,598 | €1,554,520 | +€196,921 | +14.5% |
| Non-distributable reserves | 130/1 | €15,499 | €15,499 | = | 0.0% |
| Legal reserve | 130 | €15,499 | €15,499 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,008,153 | €1,205,074 | +€196,921 | +19.5% |
| Distributable reserves | 133 | €333,947 | €333,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,199,780 | €2,412,337 | +€212,557 | +9.7% |
| Investment grants | 15 | €539,495 | €510,618 | -€28,876 | -5.4% |
| Provisions and deferred taxes | 16 | €346,923 | €410,491 | +€63,567 | +18.3% |
| Deferred taxes | 168 | €346,923 | €410,491 | +€63,567 | +18.3% |
| Amounts payable | 17/49 | €5,329,753 | €4,863,655 | -€466,097 | -8.7% |
| Amounts payable after more than one year | 17 | €3,428,392 | €3,269,719 | -€158,673 | -4.6% |
| Financial debts | 170/4 | €3,428,392 | €3,269,719 | -€158,673 | -4.6% |
| Amounts payable within one year | 42/48 | €1,874,743 | €1,571,372 | -€303,371 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €538,943 | €589,032 | +€50,089 | +9.3% |
| Financial debts | 43 | €20,289 | €0 | -€20,289 | -100.0% |
| Credit institutions | 430/8 | €20,289 | €0 | -€20,289 | -100.0% |
| Trade debts | 44 | €344,035 | €165,470 | -€178,565 | -51.9% |
| Suppliers | 440/4 | €344,035 | €165,470 | -€178,565 | -51.9% |
| Taxes, remuneration and social security | 45 | €520,603 | €562,160 | +€41,556 | +8.0% |
| Taxes | 450/3 | €177,825 | €211,626 | +€33,800 | +19.0% |
| Remuneration and social security | 454/9 | €342,778 | €350,534 | +€7,756 | +2.3% |
| Other amounts payable | 47/48 | €450,871 | €254,710 | -€196,161 | -43.5% |
| Accrued charges and deferred income | 492/3 | €26,618 | €22,565 | -€4,053 | -15.2% |
| Non-recurring operating income | 76A | €7,973 | €421,753 | +€413,780 | +5189.6% |
| Remuneration, social security and pensions | 62 | €3,105,487 | €3,100,083 | -€5,404 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €729,368 | €937,675 | +€208,308 | +28.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €113,133 | €112,797 | -€336 | -0.3% |
| Non-recurring operating charges | 66A | €0 | €410 | +€410 | |
| Gross operating margin | 9900 | €3,940,139 | €4,793,064 | +€852,925 | +21.6% |
| Operating profit (loss) | 9901 | -€7,848 | €642,099 | +€649,947 | |
| Financial income | 75/76B | €64,222 | €65,753 | +€1,530 | +2.4% |
| Recurring financial income | 75 | €64,222 | €65,753 | +€1,530 | +2.4% |
| Financial charges | 65/66B | €143,471 | €139,792 | -€3,678 | -2.6% |
| Recurring financial charges | 65 | €143,471 | €139,792 | -€3,678 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€87,097 | €568,059 | +€655,156 | |
| Transfer from deferred taxes | 780 | €24,837 | €38,204 | +€13,367 | +53.8% |
| Transfer to deferred taxes | 680 | - | €101,771 | +€101,771 | |
| Income taxes | 67/77 | €14,671 | €95,013 | +€80,343 | +547.6% |
| Profit (loss) for the period | 9904 | -€76,931 | €409,479 | +€486,409 | |
| Transfer from tax-exempt reserves | 789 | €68,291 | €108,391 | +€40,100 | +58.7% |
| Transfer to tax-exempt reserves | 689 | - | €305,313 | +€305,313 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,639 | €212,557 | +€221,196 |
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 5 October 2026 via checked.be.