REX LAND: 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 LAND
Largest movements
- Stocks and contracts -€533,970
down €533,970 (-18.0%), from €3.0m to €2.4m
- Financial fixed assets -€404,814
down €404,814 (-100%), from €404,814 to €0
- Receivables within one year +€106,272
up €106,272 (+25.1%), from €423,385 to €529,657
of which Trade receivables: +€205,392
- Debts after one year +€1.6m
up €1.6m (+243%), from €658,000 to €2.3m
- Other debts -€1.2m
down €1.2m (-99.4%), from €1.2m to €7,754
- Profit (loss) carried forward -€587,771
new in 2025: -€587,771
- Trade debts -€396,347
down €396,347 (-100%), from €396,347 to €0
- Reserves -€240,617
down €240,617 (-100%), from €240,617 to €0
- Other operating charges +€570,752
up €570,752 (+51,511%), from €1,108 to €571,860
- Financial charges +€276,780
up €276,780 (+140%), from €197,777 to €474,557
of which Non-recurring financial charges: +€384,354
- Financial income +€211,988
up €211,988 (+5,823%), from €3,640 to €215,628
- Gross operating margin +€153,262
up €153,262, from -€63,362 to €89,901
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 | €3,809,982 | €2,968,539 | -€841,443 | -22.1% |
| Fixed assets | 21/28 | €404,814 | €0 | -€404,814 | -100% |
| Financial fixed assets | 28 | €404,814 | €0 | -€404,814 | -100% |
| Current assets | 29/58 | €3,405,168 | €2,968,539 | -€436,629 | -12.8% |
| Stocks and contracts in progress | 3 | €2,967,784 | €2,433,814 | -€533,970 | -18.0% |
| Stocks | 30/36 | €2,967,784 | €2,433,814 | -€533,970 | -18.0% |
| Amounts receivable within one year | 40/41 | €423,385 | €529,657 | +€106,272 | +25.1% |
| Trade receivables | 40 | €14,828 | €220,220 | +€205,392 | +1,385% |
| Other amounts receivable | 41 | €408,557 | €309,437 | -€99,120 | -24.3% |
| Cash at bank and in hand | 54/58 | €10,507 | €4,686 | -€5,821 | -55.4% |
| Deferred charges and accrued income | 490/1 | €3,492 | €382 | -€3,110 | -89.0% |
| Total equity and liabilities | 10/49 | €3,809,982 | €2,968,539 | -€841,443 | -22.1% |
| Equity | 10/15 | €246,817 | -€581,571 | -€828,388 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €240,617 | €0 | -€240,617 | -100% |
| Distributable reserves | 133 | €240,617 | €0 | -€240,617 | -100% |
| Profit (loss) carried forward | 14 | - | -€587,771 | -€587,771 | |
| Amounts payable | 17/49 | €3,563,165 | €3,550,110 | -€13,055 | -0.4% |
| Amounts payable after more than one year | 17 | €658,000 | €2,259,561 | +€1.6m | +243% |
| Financial debts | 170/4 | €658,000 | €2,259,561 | +€1.6m | +243% |
| Amounts payable within one year | 42/48 | €2,891,381 | €1,276,995 | -€1.6m | -55.8% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €81,240 | +€6,240 | +8.3% |
| Financial debts | 43 | €1,188,000 | €1,188,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,188,000 | €1,188,000 | = | 0.0% |
| Trade debts | 44 | €396,347 | €0 | -€396,347 | -100% |
| Suppliers | 440/4 | €396,347 | €0 | -€396,347 | -100% |
| Taxes, remuneration and social security | 45 | €14,588 | €0 | -€14,588 | -100% |
| Taxes | 450/3 | €14,588 | €0 | -€14,588 | -100% |
| Other amounts payable | 47/48 | €1,217,447 | €7,754 | -€1.2m | -99.4% |
| Accrued charges and deferred income | 492/3 | €13,784 | €13,555 | -€229 | -1.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €1,108 | €571,860 | +€570,752 | +51,511% |
| Non-recurring operating charges | 66A | €3,872 | €87,500 | +€83,628 | +2,160% |
| Gross operating margin | 9900 | -€63,362 | €89,901 | +€153,262 | |
| Operating profit (loss) | 9901 | -€68,342 | -€569,459 | -€501,118 | -733% |
| Financial income | 75/76B | €3,640 | €215,628 | +€211,988 | +5,823% |
| Recurring financial income | 75 | €3,640 | €215,628 | +€211,988 | +5,823% |
| Financial charges | 65/66B | €197,777 | €474,557 | +€276,780 | +140% |
| Recurring financial charges | 65 | €197,777 | €90,203 | -€107,574 | -54.4% |
| Non-recurring financial charges | 66B | - | €384,354 | +€384,354 | |
| Profit (loss) for the period before taxes | 9903 | -€262,478 | -€828,388 | -€565,910 | -216% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€262,478 | -€828,388 | -€565,910 | -216% |
| Profit (loss) for the period to be appropriated | 9905 | -€262,478 | -€828,388 | -€565,910 | -216% |
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 17 October 2026 via checked.be.