Home Refresh Solution Malmedy: 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.
Home Refresh Solution Malmedy
Largest movements
- Tangible fixed assets -€10,216
down €10,216 (-18.4%), from €55,425 to €45,209
- Deferred charges and accrued income -€987
down €987 (-57.8%), from €1,707 to €720
- Other debts -€23,303
no longer reported in 2025 (was €23,303)
- Profit (loss) carried forward +€9,390
up €9,390 (+20.9%), from €44,819 to €54,209
- Trade debts +€4,610
up €4,610 (+365%), from €1,263 to €5,874
- Debts after one year -€3,313
down €3,313 (-45.0%), from €7,366 to €4,054
- Gross operating margin -€24,588
down €24,588 (-49.7%), from €49,453 to €24,865
- Taxes +€900
new in 2025: €900
- Depreciation -€595
down €595 (-5.5%), from €10,811 to €10,216
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 | €90,197 | €78,343 | -€11,854 | -13.1% |
| Fixed assets | 21/28 | €55,425 | €45,209 | -€10,216 | -18.4% |
| Tangible fixed assets | 22/27 | €55,425 | €45,209 | -€10,216 | -18.4% |
| Land and buildings | 22 | €1,191 | €648 | -€543 | -45.6% |
| Plant, machinery and equipment | 23 | €7,239 | €4,826 | -€2,413 | -33.3% |
| Furniture and vehicles | 24 | €5,447 | €2,730 | -€2,716 | -49.9% |
| Other tangible fixed assets | 26 | €41,548 | €37,005 | -€4,543 | -10.9% |
| Current assets | 29/58 | €34,772 | €33,134 | -€1,638 | -4.7% |
| Amounts receivable within one year | 40/41 | €6,665 | €5,790 | -€874 | -13.1% |
| Trade receivables | 40 | €6,665 | €5,165 | -€1,500 | -22.5% |
| Other amounts receivable | 41 | - | €625 | +€625 | |
| Cash at bank and in hand | 54/58 | €26,401 | €26,623 | +€223 | +0.8% |
| Deferred charges and accrued income | 490/1 | €1,707 | €720 | -€987 | -57.8% |
| Total equity and liabilities | 10/49 | €90,197 | €78,343 | -€11,854 | -13.1% |
| Equity | 10/15 | €52,879 | €62,269 | +€9,390 | +17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,819 | €54,209 | +€9,390 | +20.9% |
| Amounts payable | 17/49 | €37,318 | €16,074 | -€21,244 | -56.9% |
| Amounts payable after more than one year | 17 | €7,366 | €4,054 | -€3,313 | -45.0% |
| Financial debts | 170/4 | €7,366 | €4,054 | -€3,313 | -45.0% |
| Amounts payable within one year | 42/48 | €29,951 | €12,020 | -€17,931 | -59.9% |
| Current portion of amounts payable after more than one year | 42 | €3,171 | €3,313 | +€142 | +4.5% |
| Trade debts | 44 | €1,263 | €5,874 | +€4,610 | +365% |
| Suppliers | 440/4 | €1,263 | €5,874 | +€4,610 | +365% |
| Taxes, remuneration and social security | 45 | €2,215 | €2,834 | +€619 | +27.9% |
| Taxes | 450/3 | €2,215 | €2,834 | +€619 | +27.9% |
| Other amounts payable | 47/48 | €23,303 | - | -€23,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,811 | €10,216 | -€595 | -5.5% |
| Other operating charges | 640/8 | €3,581 | €3,757 | +€176 | +4.9% |
| Gross operating margin | 9900 | €49,453 | €24,865 | -€24,588 | -49.7% |
| Operating profit (loss) | 9901 | €35,061 | €10,892 | -€24,169 | -68.9% |
| Financial charges | 65/66B | €737 | €602 | -€135 | -18.3% |
| Recurring financial charges | 65 | €737 | €602 | -€135 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €34,324 | €10,290 | -€24,034 | -70.0% |
| Income taxes | 67/77 | - | €900 | +€900 | |
| Profit (loss) for the period | 9904 | €34,324 | €9,390 | -€24,934 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,324 | €9,390 | -€24,934 | -72.6% |
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 21 October 2026 via checked.be.