Rex Consult: 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.
Rex Consult
Largest movements
- Deferred charges and accrued income +€27,835
up €27,835 (+1,047%), from €2,658 to €30,494
- Receivables within one year +€18,623
up €18,623 (+23.1%), from €80,692 to €99,315
of which Other amounts receivable: +€54,101
- Tangible fixed assets -€5,085
down €5,085 (-13.7%), from €37,142 to €32,057
of which Land and buildings: -€3,269
- Financial fixed assets -€4,387
no longer reported in 2025 (was €4,387)
- Reserves +€20,821
up €20,821 (+79.7%), from €26,128 to €46,949
- Tax, wage and social debts +€18,744
up €18,744 (+94.3%), from €19,876 to €38,619
- Other debts -€10,582
down €10,582 (-92.7%), from €11,417 to €835
- Trade debts +€7,797
up €7,797 (+284%), from €2,742 to €10,539
- Gross operating margin -€132,495
down €132,495 (-70.2%), from €188,651 to €56,156
- Other operating charges +€10,379
up €10,379 (+963%), from €1,078 to €11,457
- Financial charges +€9,009
up €9,009 (+3,364%), from €268 to €9,276
- Taxes -€3,828
down €3,828 (-26.2%), from €14,608 to €10,780
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.
Derived cash bridge
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 | €131,653 | €168,433 | +€36,780 | +27.9% |
| Fixed assets | 21/28 | €41,529 | €32,057 | -€9,472 | -22.8% |
| Tangible fixed assets | 22/27 | €37,142 | €32,057 | -€5,085 | -13.7% |
| Land and buildings | 22 | €30,340 | €27,071 | -€3,269 | -10.8% |
| Furniture and vehicles | 24 | €6,802 | €4,986 | -€1,816 | -26.7% |
| Financial fixed assets | 28 | €4,387 | - | -€4,387 | |
| Current assets | 29/58 | €90,124 | €136,376 | +€46,252 | +51.3% |
| Amounts receivable within one year | 40/41 | €80,692 | €99,315 | +€18,623 | +23.1% |
| Trade receivables | 40 | €35,478 | - | -€35,478 | |
| Other amounts receivable | 41 | €45,214 | €99,315 | +€54,101 | +120% |
| Cash at bank and in hand | 54/58 | €6,773 | €6,567 | -€206 | -3.0% |
| Deferred charges and accrued income | 490/1 | €2,658 | €30,494 | +€27,835 | +1,047% |
| Total equity and liabilities | 10/49 | €131,653 | €168,433 | +€36,780 | +27.9% |
| Equity | 10/15 | €96,128 | €116,949 | +€20,821 | +21.7% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €26,128 | €46,949 | +€20,821 | +79.7% |
| Distributable reserves | 133 | €26,128 | €46,949 | +€20,821 | +79.7% |
| Amounts payable | 17/49 | €35,524 | €51,484 | +€15,959 | +44.9% |
| Amounts payable within one year | 42/48 | €34,035 | €49,994 | +€15,959 | +46.9% |
| Trade debts | 44 | €2,742 | €10,539 | +€7,797 | +284% |
| Suppliers | 440/4 | €2,742 | €10,539 | +€7,797 | +284% |
| Taxes, remuneration and social security | 45 | €19,876 | €38,619 | +€18,744 | +94.3% |
| Taxes | 450/3 | €19,876 | €38,619 | +€18,744 | +94.3% |
| Other amounts payable | 47/48 | €11,417 | €835 | -€10,582 | -92.7% |
| Accrued charges and deferred income | 492/3 | €1,490 | €1,490 | = | 0.0% |
| Non-recurring operating income | 76A | €95,041 | - | -€95,041 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,146 | €5,085 | -€1,061 | -17.3% |
| Other operating charges | 640/8 | €1,078 | €11,457 | +€10,379 | +963% |
| Gross operating margin | 9900 | €188,651 | €56,156 | -€132,495 | -70.2% |
| Operating profit (loss) | 9901 | €181,427 | €39,614 | -€141,813 | -78.2% |
| Financial income | 75/76B | - | €1,263 | +€1,263 | |
| Recurring financial income | 75 | - | €1,263 | +€1,263 | |
| Financial charges | 65/66B | €268 | €9,276 | +€9,009 | +3,364% |
| Recurring financial charges | 65 | €268 | €9,276 | +€9,009 | +3,364% |
| Profit (loss) for the period before taxes | 9903 | €181,159 | €31,601 | -€149,558 | -82.6% |
| Income taxes | 67/77 | €14,608 | €10,780 | -€3,828 | -26.2% |
| Profit (loss) for the period | 9904 | €166,551 | €20,821 | -€145,730 | -87.5% |
| Profit (loss) for the period to be appropriated | 9905 | €166,551 | €20,821 | -€145,730 | -87.5% |
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 13 October 2026 via checked.be.