REX INDUSTRIAL: 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 INDUSTRIAL
Largest movements
- Receivables within one year +€29,832
up €29,832 (+36.2%), from €82,373 to €112,205
of which Trade receivables: +€28,405
- Tangible fixed assets -€29,433
down €29,433 (-17.3%), from €170,252 to €140,819
of which Plant, machinery and equipment: -€29,353
- Cash +€26,179
up €26,179 (+66,478%), from €39 to €26,218
mainly Net result for the year (+€47,604) and Depreciation (+€34,533)
- Profit (loss) carried forward +€47,604
up €47,604 (+110%), from €43,319 to €90,923
- Debts after one year -€35,446
down €35,446 (-64.9%), from €54,627 to €19,180
- Trade debts +€18,872
up €18,872 (+24.3%), from €77,693 to €96,565
- Other debts -€13,554
down €13,554 (-94.2%), from €14,391 to €837
- Tax, wage and social debts +€9,947
up €9,947 (+33.5%), from €29,707 to €39,655
of which Taxes: +€15,486
- Purchases and services +€159,738
up €159,738 (+63.8%), from €250,345 to €410,084
- Turnover +€132,468
up €132,468 (+29.1%), from €455,015 to €587,484
- Staff costs -€34,912
down €34,912 (-32.8%), from €106,334 to €71,422
- Gross operating margin -€30,989
down €30,989 (-14.5%), from €214,241 to €183,252
- Taxes +€9,217
up €9,217 (+69.2%), from €13,327 to €22,544
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 | €254,165 | €280,742 | +€26,578 | +10.5% |
| Fixed assets | 21/28 | €171,752 | €142,319 | -€29,433 | -17.1% |
| Tangible fixed assets | 22/27 | €170,252 | €140,819 | -€29,433 | -17.3% |
| Plant, machinery and equipment | 23 | €170,173 | €140,819 | -€29,353 | -17.2% |
| Furniture and vehicles | 24 | €80 | - | -€80 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €82,412 | €138,423 | +€56,011 | +68.0% |
| Amounts receivable within one year | 40/41 | €82,373 | €112,205 | +€29,832 | +36.2% |
| Trade receivables | 40 | €82,319 | €110,723 | +€28,405 | +34.5% |
| Other amounts receivable | 41 | €54 | €1,481 | +€1,427 | +2,643% |
| Cash at bank and in hand | 54/58 | €39 | €26,218 | +€26,179 | +66,478% |
| Total equity and liabilities | 10/49 | €254,165 | €280,742 | +€26,578 | +10.5% |
| Equity | 10/15 | €49,519 | €97,123 | +€47,604 | +96.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,319 | €90,923 | +€47,604 | +110% |
| Amounts payable | 17/49 | €204,645 | €183,619 | -€21,026 | -10.3% |
| Amounts payable after more than one year | 17 | €54,627 | €19,180 | -€35,446 | -64.9% |
| Financial debts | 170/4 | €54,627 | €19,180 | -€35,446 | -64.9% |
| Amounts payable within one year | 42/48 | €149,631 | €164,439 | +€14,808 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €27,839 | €27,382 | -€457 | -1.6% |
| Trade debts | 44 | €77,693 | €96,565 | +€18,872 | +24.3% |
| Suppliers | 440/4 | €77,693 | €96,565 | +€18,872 | +24.3% |
| Taxes, remuneration and social security | 45 | €29,707 | €39,655 | +€9,947 | +33.5% |
| Taxes | 450/3 | €22,259 | €37,745 | +€15,486 | +69.6% |
| Remuneration and social security | 454/9 | €7,449 | €1,910 | -€5,539 | -74.4% |
| Other amounts payable | 47/48 | €14,391 | €837 | -€13,554 | -94.2% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Turnover | 70 | €455,015 | €587,484 | +€132,468 | +29.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €250,345 | €410,084 | +€159,738 | +63.8% |
| Remuneration, social security and pensions | 62 | €106,334 | €71,422 | -€34,912 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,769 | €34,533 | -€236 | -0.7% |
| Other operating charges | 640/8 | €1,103 | €1,851 | +€748 | +67.8% |
| Gross operating margin | 9900 | €214,241 | €183,252 | -€30,989 | -14.5% |
| Operating profit (loss) | 9901 | €72,035 | €75,445 | +€3,410 | +4.7% |
| Financial income | 75/76B | €0 | €7 | +€7 | +13,940% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +13,940% |
| Financial charges | 65/66B | €6,471 | €5,304 | -€1,167 | -18.0% |
| Recurring financial charges | 65 | €6,471 | €5,304 | -€1,167 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €65,563 | €70,148 | +€4,585 | +7.0% |
| Income taxes | 67/77 | €13,327 | €22,544 | +€9,217 | +69.2% |
| Profit (loss) for the period | 9904 | €52,236 | €47,604 | -€4,632 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,236 | €47,604 | -€4,632 | -8.9% |
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 20 October 2026 via checked.be.