REWISE: 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.
REWISE
Largest movements
- Receivables within one year +€58,573
up €58,573 (+10.6%), from €553,066 to €611,639
of which Other amounts receivable: +€222,123
- Cash -€52,649
down €52,649 (-68.8%), from €76,562 to €23,913
mainly Receivables within one year (-€58,573) and Short-term financial debts (-€47,304)
- Tangible fixed assets -€25,990
down €25,990 (-15.7%), from €165,429 to €139,439
of which Furniture and vehicles: -€40,215
- Deferred charges and accrued income -€21,414
down €21,414 (-63.0%), from €33,995 to €12,581
- Short-term financial debts -€47,304
down €47,304 (-24.9%), from €190,000 to €142,697
- Debts after one year -€34,846
down €34,846 (-17.0%), from €205,493 to €170,647
- Accrued charges and deferred income +€30,966
up €30,966 (+1673.0%), from €1,851 to €32,817
- Trade debts +€28,437
up €28,437 (+15.7%), from €180,817 to €209,254
- Tax, wage and social debts -€10,359
down €10,359 (-13.6%), from €76,010 to €65,650
of which Remuneration and social security: -€26,663
- Gross operating margin -€80,867
down €80,867 (-12.6%), from €641,714 to €560,847
- Staff costs -€63,959
down €63,959 (-12.9%), from €496,212 to €432,253
- Depreciation -€29,155
down €29,155 (-34.5%), from €84,458 to €55,303
- Write-downs +€22,152
new in 2025: €22,152
- Other operating charges +€10,236
up €10,236 (+41.1%), from €24,896 to €35,132
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 | €834,738 | €791,289 | -€43,450 | -5.2% |
| Fixed assets | 21/28 | €170,382 | €142,422 | -€27,960 | -16.4% |
| Intangible fixed assets | 21 | €4,803 | €2,833 | -€1,970 | -41.0% |
| Tangible fixed assets | 22/27 | €165,429 | €139,439 | -€25,990 | -15.7% |
| Furniture and vehicles | 24 | €125,590 | €85,375 | -€40,215 | -32.0% |
| Other tangible fixed assets | 26 | €39,839 | €54,064 | +€14,225 | +35.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €664,356 | €648,867 | -€15,489 | -2.3% |
| Amounts receivable after more than one year | 29 | €734 | €734 | = | 0.0% |
| Trade receivables | 290 | €734 | €734 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €553,066 | €611,639 | +€58,573 | +10.6% |
| Trade receivables | 40 | €452,485 | €288,936 | -€163,549 | -36.1% |
| Other amounts receivable | 41 | €100,581 | €322,704 | +€222,123 | +220.8% |
| Cash at bank and in hand | 54/58 | €76,562 | €23,913 | -€52,649 | -68.8% |
| Deferred charges and accrued income | 490/1 | €33,995 | €12,581 | -€21,414 | -63.0% |
| Total equity and liabilities | 10/49 | €834,738 | €791,289 | -€43,450 | -5.2% |
| Equity | 10/15 | €141,980 | €139,506 | -€2,474 | -1.7% |
| Contributions | 10/11 | €11,649 | €11,649 | = | 0.0% |
| Reserves | 13 | €7,993 | €7,993 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,993 | €7,993 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,338 | €119,864 | -€2,474 | -2.0% |
| Amounts payable | 17/49 | €692,758 | €651,782 | -€40,976 | -5.9% |
| Amounts payable after more than one year | 17 | €205,493 | €170,647 | -€34,846 | -17.0% |
| Financial debts | 170/4 | €205,493 | €170,647 | -€34,846 | -17.0% |
| Amounts payable within one year | 42/48 | €485,415 | €448,319 | -€37,096 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €38,588 | €28,345 | -€10,243 | -26.5% |
| Financial debts | 43 | €190,000 | €142,697 | -€47,304 | -24.9% |
| Credit institutions | 430/8 | €190,000 | €142,697 | -€47,304 | -24.9% |
| Trade debts | 44 | €180,817 | €209,254 | +€28,437 | +15.7% |
| Suppliers | 440/4 | €180,817 | €209,254 | +€28,437 | +15.7% |
| Taxes, remuneration and social security | 45 | €76,010 | €65,650 | -€10,359 | -13.6% |
| Taxes | 450/3 | €2,952 | €19,255 | +€16,303 | +552.4% |
| Remuneration and social security | 454/9 | €73,058 | €46,396 | -€26,663 | -36.5% |
| Other amounts payable | 47/48 | - | €2,373 | +€2,373 | |
| Accrued charges and deferred income | 492/3 | €1,851 | €32,817 | +€30,966 | +1673.0% |
| Remuneration, social security and pensions | 62 | €496,212 | €432,253 | -€63,959 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,458 | €55,303 | -€29,155 | -34.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €22,152 | +€22,152 | |
| Other operating charges | 640/8 | €24,896 | €35,132 | +€10,236 | +41.1% |
| Gross operating margin | 9900 | €641,714 | €560,847 | -€80,867 | -12.6% |
| Operating profit (loss) | 9901 | €36,149 | €16,007 | -€20,142 | -55.7% |
| Financial income | 75/76B | €75 | €6,501 | +€6,426 | +8567.5% |
| Recurring financial income | 75 | €75 | €6,501 | +€6,426 | +8567.5% |
| Financial charges | 65/66B | €15,867 | €17,190 | +€1,323 | +8.3% |
| Recurring financial charges | 65 | €15,867 | €17,190 | +€1,323 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €20,357 | €5,317 | -€15,039 | -73.9% |
| Income taxes | 67/77 | €11,263 | €7,791 | -€3,472 | -30.8% |
| Profit (loss) for the period | 9904 | €9,093 | -€2,474 | -€11,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,093 | -€2,474 | -€11,567 |
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 4 October 2026 via checked.be.