REX HEATING: what changed
REX HEATING
Largest movements
- Cash -€54,631
down €54,631 (-44.6%), from €122,480 to €67,849
mainly Contributions, distributions and other (-€85,000) and Trade debts (-€22,553)
- Stocks and contracts +€14,971
up €14,971 (+17.0%), from €88,064 to €103,035
- Receivables within one year +€5,348
up €5,348 (+12.9%), from €41,616 to €46,965
of which Trade receivables: +€4,755
- Trade debts -€22,553
down €22,553 (-60.2%), from €37,435 to €14,882
- Tax, wage and social debts -€10,914
down €10,914 (-19.8%), from €55,059 to €44,145
of which Taxes: -€7,531
- Other debts -€5,000
down €5,000 (-5.6%), from €90,000 to €85,000
- Profit (loss) carried forward +€3,076
up €3,076 (+75.1%), from €4,095 to €7,170
- Staff costs +€55,498
up €55,498 (+25.9%), from €214,444 to €269,942
- Gross operating margin +€49,344
up €49,344 (+16.6%), from €296,554 to €345,898
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,239 | €218,847 | -€35,392 | -13.9% |
| Fixed assets | 21/28 | €2,079 | €999 | -€1,080 | -51.9% |
| Tangible fixed assets | 22/27 | €2,079 | €999 | -€1,080 | -51.9% |
| Furniture and vehicles | 24 | €1,705 | €812 | -€893 | -52.4% |
| Other tangible fixed assets | 26 | €373 | €187 | -€187 | -50.0% |
| Current assets | 29/58 | €252,160 | €217,848 | -€34,312 | -13.6% |
| Stocks and contracts in progress | 3 | €88,064 | €103,035 | +€14,971 | +17.0% |
| Stocks | 30/36 | €88,064 | €103,035 | +€14,971 | +17.0% |
| Amounts receivable within one year | 40/41 | €41,616 | €46,965 | +€5,348 | +12.9% |
| Trade receivables | 40 | €41,616 | €46,371 | +€4,755 | +11.4% |
| Other amounts receivable | 41 | - | €593 | +€593 | |
| Cash at bank and in hand | 54/58 | €122,480 | €67,849 | -€54,631 | -44.6% |
| Total equity and liabilities | 10/49 | €254,239 | €218,847 | -€35,392 | -13.9% |
| Equity | 10/15 | €71,745 | €74,820 | +€3,076 | +4.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,095 | €7,170 | +€3,076 | +75.1% |
| Amounts payable | 17/49 | €182,494 | €144,027 | -€38,468 | -21.1% |
| Amounts payable within one year | 42/48 | €182,494 | €144,027 | -€38,468 | -21.1% |
| Trade debts | 44 | €37,435 | €14,882 | -€22,553 | -60.2% |
| Suppliers | 440/4 | €37,435 | €14,882 | -€22,553 | -60.2% |
| Taxes, remuneration and social security | 45 | €55,059 | €44,145 | -€10,914 | -19.8% |
| Taxes | 450/3 | €29,071 | €21,540 | -€7,531 | -25.9% |
| Remuneration and social security | 454/9 | €25,988 | €22,605 | -€3,383 | -13.0% |
| Other amounts payable | 47/48 | €90,000 | €85,000 | -€5,000 | -5.6% |
| Remuneration, social security and pensions | 62 | €214,444 | €269,942 | +€55,498 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,121 | €1,080 | -€42 | -3.7% |
| Other operating charges | 640/8 | €723 | €717 | -€6 | -0.8% |
| Gross operating margin | 9900 | €296,554 | €345,898 | +€49,344 | +16.6% |
| Operating profit (loss) | 9901 | €80,265 | €74,159 | -€6,106 | -7.6% |
| Financial income | 75/76B | €26,970 | €26,164 | -€806 | -3.0% |
| Recurring financial income | 75 | €26,970 | €26,164 | -€806 | -3.0% |
| Financial charges | 65/66B | €7,104 | €7,841 | +€736 | +10.4% |
| Recurring financial charges | 65 | €7,104 | €7,841 | +€736 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €100,131 | €92,482 | -€7,649 | -7.6% |
| Income taxes | 67/77 | €4,409 | €4,407 | -€3 | -0.1% |
| Profit (loss) for the period | 9904 | €95,722 | €88,076 | -€7,646 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €95,722 | €88,076 | -€7,646 | -8.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.