REWOL: 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.
REWOL
Largest movements
- Cash -€60,659
down €60,659 (-59.9%), from €101,345 to €40,686
mainly Contributions, distributions and other (-€78,638) and Investment in fixed assets (net) (-€17,366)
- Deferred charges and accrued income +€14,147
up €14,147 (+625.3%), from €2,263 to €16,410
- Tangible fixed assets +€10,739
up €10,739 (+963.2%), from €1,115 to €11,854
of which Furniture and vehicles: +€10,739
- Receivables within one year +€5,666
up €5,666 (+19.1%), from €29,719 to €35,385
of which Other amounts receivable: +€26,310
- Reserves -€43,638
down €43,638 (-35.5%), from €122,988 to €79,350
of which Distributable reserves: -€43,638
- Other debts +€24,560
up €24,560 (+235.2%), from €10,440 to €35,000
- Tax, wage and social debts -€11,839
down €11,839 (-91.1%), from €13,000 to €1,161
- Financial income -€44,812
down €44,812 (-52.9%), from €84,724 to €39,911
- Gross operating margin -€12,525
down €12,525 (-43.6%), from €28,753 to €16,227
- Depreciation +€5,604
up €5,604 (+547.2%), from €1,024 to €6,628
- Financial charges -€5,033
down €5,033 (-91.6%), from €5,493 to €460
- Taxes -€3,640
down €3,640 (-29.6%), from €12,281 to €8,641
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €434,166 | €404,059 | -€30,107 | -6.9% |
| Fixed assets | 21/28 | €300,840 | €311,579 | +€10,739 | +3.6% |
| Tangible fixed assets | 22/27 | €1,115 | €11,854 | +€10,739 | +963.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,115 | €11,854 | +€10,739 | +963.2% |
| Financial fixed assets | 28 | €299,725 | €299,725 | = | 0.0% |
| Current assets | 29/58 | €133,326 | €92,480 | -€40,846 | -30.6% |
| Amounts receivable within one year | 40/41 | €29,719 | €35,385 | +€5,666 | +19.1% |
| Trade receivables | 40 | €29,719 | €9,075 | -€20,644 | -69.5% |
| Other amounts receivable | 41 | - | €26,310 | +€26,310 | |
| Cash at bank and in hand | 54/58 | €101,345 | €40,686 | -€60,659 | -59.9% |
| Deferred charges and accrued income | 490/1 | €2,263 | €16,410 | +€14,147 | +625.3% |
| Total equity and liabilities | 10/49 | €434,166 | €404,059 | -€30,107 | -6.9% |
| Equity | 10/15 | €407,159 | €364,682 | -€42,477 | -10.4% |
| Contributions | 10/11 | €6,800 | €6,800 | = | 0.0% |
| Reserves | 13 | €122,988 | €79,350 | -€43,638 | -35.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €120,988 | €77,350 | -€43,638 | -36.1% |
| Profit (loss) carried forward | 14 | €277,370 | €278,532 | +€1,161 | +0.4% |
| Amounts payable | 17/49 | €27,007 | €39,377 | +€12,370 | +45.8% |
| Amounts payable within one year | 42/48 | €25,696 | €39,362 | +€13,666 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €2,115 | €2,068 | -€47 | -2.2% |
| Trade debts | 44 | €141 | €1,133 | +€992 | +704.7% |
| Suppliers | 440/4 | €141 | €1,133 | +€992 | +704.7% |
| Taxes, remuneration and social security | 45 | €13,000 | €1,161 | -€11,839 | -91.1% |
| Taxes | 450/3 | €13,000 | €1,161 | -€11,839 | -91.1% |
| Other amounts payable | 47/48 | €10,440 | €35,000 | +€24,560 | +235.2% |
| Accrued charges and deferred income | 492/3 | €1,311 | €15 | -€1,296 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,024 | €6,628 | +€5,604 | +547.2% |
| Other operating charges | 640/8 | €3,105 | €4,249 | +€1,144 | +36.8% |
| Non-recurring operating charges | 66A | €14,223 | - | -€14,223 | |
| Gross operating margin | 9900 | €28,753 | €16,227 | -€12,525 | -43.6% |
| Operating profit (loss) | 9901 | €10,400 | €5,351 | -€5,050 | -48.6% |
| Financial income | 75/76B | €84,724 | €39,911 | -€44,812 | -52.9% |
| Recurring financial income | 75 | €84,724 | €39,911 | -€44,812 | -52.9% |
| Financial charges | 65/66B | €5,493 | €460 | -€5,033 | -91.6% |
| Recurring financial charges | 65 | €5,493 | €460 | -€5,033 | -91.6% |
| Profit (loss) for the period before taxes | 9903 | €89,632 | €44,803 | -€44,829 | -50.0% |
| Income taxes | 67/77 | €12,281 | €8,641 | -€3,640 | -29.6% |
| Profit (loss) for the period | 9904 | €77,350 | €36,161 | -€41,189 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,350 | €36,161 | -€41,189 | -53.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.