REX INVEST: what changed
What changed
REX INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€103,509
2024 · €6.0m-€5.8m
Equity
€6.6m
2024 · €6.5m+€100,221
Cash
€1.1m
2024 · €494,667+€613,012
Balance sheet total
€8.1m
2024 · €8.3m-€286,620
Largest movements
Assets
- Current investments -€1.0m
down €1.0m (-20.0%), from €5.0m to €4.0m
- Cash +€613,012
up €613,012 (+124%), from €494,667 to €1.1m
mainly Current investments (+€1.0m) and Net result for the year (+€103,509)
- Receivables within one year +€99,400
up €99,400 (+142%), from €69,775 to €169,175
Equity and liabilities
- Tax, wage and social debts -€280,799
down €280,799 (-85.8%), from €327,316 to €46,517
- Reserves +€100,221
up €100,221 (+1.6%), from €6.3m to €6.4m
Income statement
- Financial income -€6.2m
down €6.2m (-98.5%), from €6.3m to €96,921
of which Non-recurring financial income: -€6.1m
- Taxes -€280,631
down €280,631 (-83.0%), from €337,992 to €57,361
- Gross operating margin +€86,243
up €86,243 (+48.3%), from €178,538 to €264,781
- Financial charges +€39,790
up €39,790 (+88.6%), from €44,911 to €84,701
- Other operating charges +€21,452
up €21,452 (+114%), from €18,900 to €40,352
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6.0m
Gross operating margin
+€86,243
Depreciation
+€13,830
Other operating charges
-€21,452
Financial income
-€6.2m
Financial charges
-€39,790
Taxes
+€280,631
Result 2025
€103,509
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€260,044
Investment
+€923,253
Financing
-€50,197
Cash 2024
€494,667
From operations (derived)
-€260,044
Net result for the year
+€103,509
Depreciation
+€75,779
Receivables within one year
-€99,400
Trade debts
+€5,892
Tax, wage and social debts
-€280,799
Other debts
-€55,005
Accrued charges and deferred income
-€10,020
Investment (derived)
+€923,253
Investment in fixed assets (net)
-€76,747
Current investments
+€1.0m
Financing
-€50,197
Debts after one year
-€72,746
Current portion of long-term debt
+€25,837
Contributions, distributions and other
-€3,288
Cash 2025
€1.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,345,441 | €8,058,821 | -€286,620 | -3.4% |
| Fixed assets | 21/28 | €2,780,999 | €2,781,967 | +€968 | 0.0% |
| Tangible fixed assets | 22/27 | €1,357,659 | €1,358,627 | +€968 | +0.1% |
| Land and buildings | 22 | €1,263,204 | €1,207,730 | -€55,474 | -4.4% |
| Leasing and similar rights | 25 | €94,455 | €150,897 | +€56,442 | +59.8% |
| Financial fixed assets | 28 | €1,423,340 | €1,423,340 | = | 0.0% |
| Current assets | 29/58 | €5,564,442 | €5,276,854 | -€287,588 | -5.2% |
| Amounts receivable within one year | 40/41 | €69,775 | €169,175 | +€99,400 | +142% |
| Trade receivables | 40 | €69,775 | €169,175 | +€99,400 | +142% |
| Current investments | 50/53 | €5,000,000 | €4,000,000 | -€1.0m | -20.0% |
| Cash at bank and in hand | 54/58 | €494,667 | €1,107,679 | +€613,012 | +124% |
| Total equity and liabilities | 10/49 | €8,345,441 | €8,058,821 | -€286,620 | -3.4% |
| Equity | 10/15 | €6,474,787 | €6,575,008 | +€100,221 | +1.5% |
| Contributions | 10/11 | €202,402 | €202,402 | = | 0.0% |
| Contributions outside capital | 11 | €202,402 | €202,402 | = | 0.0% |
| Other | 1109/19 | €202,402 | €202,402 | = | 0.0% |
| Reserves | 13 | €6,258,082 | €6,358,303 | +€100,221 | +1.6% |
| Distributable reserves | 133 | €6,258,082 | €6,358,303 | +€100,221 | +1.6% |
| Profit (loss) carried forward | 14 | €14,303 | €14,303 | = | 0.0% |
| Amounts payable | 17/49 | €1,870,654 | €1,483,813 | -€386,841 | -20.7% |
| Amounts payable after more than one year | 17 | €1,135,866 | €1,063,120 | -€72,746 | -6.4% |
| Financial debts | 170/4 | €1,135,866 | €1,063,120 | -€72,746 | -6.4% |
| Amounts payable within one year | 42/48 | €724,768 | €420,693 | -€304,075 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €114,617 | €140,454 | +€25,837 | +22.5% |
| Trade debts | 44 | €1,315 | €7,207 | +€5,892 | +448% |
| Suppliers | 440/4 | €1,315 | €7,207 | +€5,892 | +448% |
| Taxes, remuneration and social security | 45 | €327,316 | €46,517 | -€280,799 | -85.8% |
| Taxes | 450/3 | €327,316 | €46,517 | -€280,799 | -85.8% |
| Other amounts payable | 47/48 | €281,520 | €226,515 | -€55,005 | -19.5% |
| Accrued charges and deferred income | 492/3 | €10,020 | - | -€10,020 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,609 | €75,779 | -€13,830 | -15.4% |
| Other operating charges | 640/8 | €18,900 | €40,352 | +€21,452 | +114% |
| Gross operating margin | 9900 | €178,538 | €264,781 | +€86,243 | +48.3% |
| Operating profit (loss) | 9901 | €70,029 | €148,650 | +€78,621 | +112% |
| Financial income | 75/76B | €6,263,378 | €96,921 | -€6.2m | -98.5% |
| Recurring financial income | 75 | €123,160 | €96,921 | -€26,239 | -21.3% |
| Non-recurring financial income | 76B | €6,140,218 | - | -€6.1m | |
| Financial charges | 65/66B | €44,911 | €84,701 | +€39,790 | +88.6% |
| Recurring financial charges | 65 | €44,911 | €84,701 | +€39,790 | +88.6% |
| Profit (loss) for the period before taxes | 9903 | €6,288,496 | €160,870 | -€6.1m | -97.4% |
| Income taxes | 67/77 | €337,992 | €57,361 | -€280,631 | -83.0% |
| Profit (loss) for the period | 9904 | €5,950,504 | €103,509 | -€5.8m | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,950,504 | €103,509 | -€5.8m | -98.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.