RE-FRESH: what changed
Two fiscal 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.
RE-FRESH
Largest movements
- Cash -€6,653
down €6,653 (-55.4%), from €12,014 to €5,362
mainly Receivables within one year (-€4,623) and Net result for the year (-€2,889)
- Receivables within one year +€4,623
up €4,623 (+63.6%), from €7,265 to €11,888
of which Trade receivables: +€4,623
- Profit (loss) carried forward -€2,889
down €2,889, from €86 to -€2,802
- Trade debts +€1,893
up €1,893 (+519.7%), from €364 to €2,257
- Other debts -€991
down €991 (-64.6%), from €1,534 to €543
- Gross operating margin -€2,501
down €2,501, from €423 to -€2,077
- Financial income -€95
down €95 (-100.0%), from €95 to €0
- Depreciation -€74
no longer reported in 2025 (was €74)
- Financial charges +€34
up €34 (+16.5%), from €206 to €241
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.
Cash bridge derived
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 | €20,873 | €18,867 | -€2,006 | -9.6% |
| Current assets | 29/58 | €20,873 | €18,867 | -€2,006 | -9.6% |
| Amounts receivable within one year | 40/41 | €7,265 | €11,888 | +€4,623 | +63.6% |
| Trade receivables | 40 | €7,137 | €11,760 | +€4,623 | +64.8% |
| Other amounts receivable | 41 | €128 | €128 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,014 | €5,362 | -€6,653 | -55.4% |
| Deferred charges and accrued income | 490/1 | €1,594 | €1,618 | +€24 | +1.5% |
| Total equity and liabilities | 10/49 | €20,873 | €18,867 | -€2,006 | -9.6% |
| Equity | 10/15 | €18,686 | €15,798 | -€2,889 | -15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86 | -€2,802 | -€2,889 | |
| Amounts payable | 17/49 | €2,187 | €3,070 | +€883 | +40.4% |
| Amounts payable within one year | 42/48 | €2,187 | €3,070 | +€883 | +40.4% |
| Trade debts | 44 | €364 | €2,257 | +€1,893 | +519.7% |
| Suppliers | 440/4 | €364 | €2,257 | +€1,893 | +519.7% |
| Taxes, remuneration and social security | 45 | €289 | €270 | -€19 | -6.6% |
| Taxes | 450/3 | €289 | €270 | -€19 | -6.6% |
| Other amounts payable | 47/48 | €1,534 | €543 | -€991 | -64.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74 | - | -€74 | |
| Other operating charges | 640/8 | €561 | €571 | +€10 | +1.8% |
| Gross operating margin | 9900 | €423 | -€2,077 | -€2,501 | |
| Operating profit (loss) | 9901 | -€212 | -€2,648 | -€2,436 | -1150.5% |
| Financial income | 75/76B | €95 | €0 | -€95 | -100.0% |
| Recurring financial income | 75 | €95 | €0 | -€95 | -100.0% |
| Financial charges | 65/66B | €206 | €241 | +€34 | +16.5% |
| Recurring financial charges | 65 | €206 | €241 | +€34 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | -€323 | -€2,889 | -€2,566 | -793.8% |
| Profit (loss) for the period | 9904 | -€323 | -€2,889 | -€2,566 | -793.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€323 | -€2,889 | -€2,566 | -793.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.