REFACTORINC: what changed
REFACTORINC
Largest movements
- Cash +€36,411
up €36,411 (+64.8%), from €56,217 to €92,629
mainly Net result for the year (+€38,709) and Other debts (+€35,191)
- Receivables within one year +€3,987
up €3,987 (+24.4%), from €16,322 to €20,310
of which Trade receivables: +€10,546
- Tangible fixed assets +€1,922
up €1,922 (+31.4%), from €6,119 to €8,042
- Other debts +€35,191
up €35,191 (+4,777%), from €737 to €35,928
- Profit (loss) carried forward +€4,496
up €4,496 (+8.4%), from €53,207 to €57,703
- Tax, wage and social debts +€1,888
up €1,888 (+62.7%), from €3,011 to €4,899
of which Taxes: +€4,899
- Gross operating margin +€20,842
up €20,842 (+61.9%), from €33,684 to €54,526
- Taxes +€4,382
up €4,382 (+72.0%), from €6,089 to €10,471
- Depreciation -€3,222
down €3,222 (-46.7%), from €6,897 to €3,675
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 | €79,375 | €121,696 | +€42,321 | +53.3% |
| Fixed assets | 21/28 | €6,119 | €8,042 | +€1,922 | +31.4% |
| Tangible fixed assets | 22/27 | €6,119 | €8,042 | +€1,922 | +31.4% |
| Furniture and vehicles | 24 | €6,119 | €8,042 | +€1,922 | +31.4% |
| Current assets | 29/58 | €73,256 | €113,654 | +€40,398 | +55.1% |
| Amounts receivable within one year | 40/41 | €16,322 | €20,310 | +€3,987 | +24.4% |
| Trade receivables | 40 | €9,764 | €20,310 | +€10,546 | +108% |
| Other amounts receivable | 41 | €6,559 | - | -€6,559 | |
| Cash at bank and in hand | 54/58 | €56,217 | €92,629 | +€36,411 | +64.8% |
| Deferred charges and accrued income | 490/1 | €716 | €716 | = | 0.0% |
| Total equity and liabilities | 10/49 | €79,375 | €121,696 | +€42,321 | +53.3% |
| Equity | 10/15 | €73,667 | €78,163 | +€4,496 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,207 | €57,703 | +€4,496 | +8.4% |
| Amounts payable | 17/49 | €5,708 | €43,533 | +€37,825 | +663% |
| Amounts payable within one year | 42/48 | €5,708 | €43,533 | +€37,825 | +663% |
| Trade debts | 44 | €1,960 | €2,706 | +€746 | +38.1% |
| Suppliers | 440/4 | €1,960 | €2,706 | +€746 | +38.1% |
| Taxes, remuneration and social security | 45 | €3,011 | €4,899 | +€1,888 | +62.7% |
| Taxes | 450/3 | - | €4,899 | +€4,899 | |
| Remuneration and social security | 454/9 | €3,011 | - | -€3,011 | |
| Other amounts payable | 47/48 | €737 | €35,928 | +€35,191 | +4,777% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,897 | €3,675 | -€3,222 | -46.7% |
| Other operating charges | 640/8 | €1,457 | €1,601 | +€144 | +9.9% |
| Non-recurring operating charges | 66A | €163 | - | -€163 | |
| Gross operating margin | 9900 | €33,684 | €54,526 | +€20,842 | +61.9% |
| Operating profit (loss) | 9901 | €25,167 | €49,250 | +€24,083 | +95.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €78 | €70 | -€7 | -9.5% |
| Recurring financial charges | 65 | €78 | €70 | -€7 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €25,090 | €49,180 | +€24,090 | +96.0% |
| Income taxes | 67/77 | €6,089 | €10,471 | +€4,382 | +72.0% |
| Profit (loss) for the period | 9904 | €19,000 | €38,709 | +€19,708 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €19,000 | €38,709 | +€19,708 | +104% |
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.