REYBELL: 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.
REYBELL
Largest movements
- Cash +€429,410
up €429,410 (+509%), from €84,383 to €513,793
mainly Current investments (+€300,000) and Net result for the year (+€116,276)
- Current investments -€300,000
down €300,000 (-100%), from €300,000 to €0
- Tangible fixed assets -€22,614
down €22,614 (-7.2%), from €312,714 to €290,100
of which Land and buildings: -€17,875
- Receivables within one year -€17,328
down €17,328 (-31.1%), from €55,652 to €38,324
of which Trade receivables: -€15,357
- Deferred charges and accrued income -€13,924
down €13,924 (-96.4%), from €14,447 to €523
- Reserves +€116,276
up €116,276 (+19.7%), from €589,920 to €706,196
- Other debts -€23,011
down €23,011 (-100%), from €23,011 to €0
- Debts after one year -€20,089
down €20,089 (-19.6%), from €102,408 to €82,318
- Gross operating margin +€19,502
up €19,502 (+12.7%), from €153,462 to €172,964
- Taxes +€16,225
up €16,225 (+67.4%), from €24,084 to €40,309
- Depreciation +€4,647
up €4,647 (+23.2%), from €20,054 to €24,701
- Financial income +€3,516
up €3,516 (+51.4%), from €6,836 to €10,353
of which Financial income: +€6,161
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 | €767,195 | €842,739 | +€75,544 | +9.8% |
| Fixed assets | 21/28 | €312,714 | €290,100 | -€22,614 | -7.2% |
| Tangible fixed assets | 22/27 | €312,714 | €290,100 | -€22,614 | -7.2% |
| Land and buildings | 22 | €285,853 | €267,978 | -€17,875 | -6.3% |
| Plant, machinery and equipment | 23 | €915 | €1,633 | +€717 | +78.4% |
| Furniture and vehicles | 24 | €25,945 | €20,489 | -€5,456 | -21.0% |
| Current assets | 29/58 | €454,481 | €552,640 | +€98,158 | +21.6% |
| Amounts receivable within one year | 40/41 | €55,652 | €38,324 | -€17,328 | -31.1% |
| Trade receivables | 40 | €52,483 | €37,126 | -€15,357 | -29.3% |
| Other amounts receivable | 41 | €3,169 | €1,198 | -€1,971 | -62.2% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100% |
| Cash at bank and in hand | 54/58 | €84,383 | €513,793 | +€429,410 | +509% |
| Deferred charges and accrued income | 490/1 | €14,447 | €523 | -€13,924 | -96.4% |
| Total equity and liabilities | 10/49 | €767,195 | €842,739 | +€75,544 | +9.8% |
| Equity | 10/15 | €608,520 | €724,796 | +€116,276 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €589,920 | €706,196 | +€116,276 | +19.7% |
| Distributable reserves | 133 | €589,920 | €706,196 | +€116,276 | +19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €158,675 | €117,944 | -€40,731 | -25.7% |
| Amounts payable after more than one year | 17 | €102,408 | €82,318 | -€20,089 | -19.6% |
| Financial debts | 170/4 | €102,408 | €82,318 | -€20,089 | -19.6% |
| Amounts payable within one year | 42/48 | €56,268 | €35,626 | -€20,642 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €19,897 | €20,089 | +€193 | +1.0% |
| Trade debts | 44 | €994 | €646 | -€347 | -35.0% |
| Suppliers | 440/4 | €994 | €646 | -€347 | -35.0% |
| Taxes, remuneration and social security | 45 | €12,366 | €14,890 | +€2,524 | +20.4% |
| Taxes | 450/3 | €12,366 | €14,890 | +€2,524 | +20.4% |
| Other amounts payable | 47/48 | €23,011 | €0 | -€23,011 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,054 | €24,701 | +€4,647 | +23.2% |
| Other operating charges | 640/8 | €1,227 | €805 | -€423 | -34.4% |
| Gross operating margin | 9900 | €153,462 | €172,964 | +€19,502 | +12.7% |
| Operating profit (loss) | 9901 | €132,181 | €147,458 | +€15,277 | +11.6% |
| Financial income | 75/76B | €6,836 | €10,353 | +€3,516 | +51.4% |
| Recurring financial income | 75 | €4,192 | €10,353 | +€6,161 | +147% |
| Non-recurring financial income | 76B | €2,645 | €0 | -€2,645 | -100% |
| Financial charges | 65/66B | €1,416 | €1,226 | -€190 | -13.4% |
| Recurring financial charges | 65 | €1,416 | €1,226 | -€190 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €137,601 | €156,585 | +€18,984 | +13.8% |
| Income taxes | 67/77 | €24,084 | €40,309 | +€16,225 | +67.4% |
| Profit (loss) for the period | 9904 | €113,517 | €116,276 | +€2,759 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €113,517 | €116,276 | +€2,759 | +2.4% |
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 23 October 2026 via checked.be.