RefAssist: 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.
RefAssist
Largest movements
- Cash +€148,751
up €148,751 (+95.8%), from €155,249 to €304,000
mainly Net result for the year (+€245,048) and Other debts (+€108,290)
- Current investments -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Receivables after one year +€75,000
up €75,000 (+300.0%), from €25,000 to €100,000
of which Other amounts receivable: +€100,000
- Receivables within one year -€13,358
down €13,358 (-9.6%), from €139,663 to €126,305
of which Other amounts receivable: -€15,934
- Other debts +€108,290
up €108,290 (+91.0%), from €118,959 to €227,249
- Profit (loss) carried forward -€82,051
down €82,051 (-80.5%), from €101,958 to €19,906
- Reserves +€65,849
up €65,849 (+76.6%), from €86,006 to €151,855
of which Distributable reserves: +€65,849
- Tax, wage and social debts +€58,700
up €58,700 (+60.5%), from €96,999 to €155,700
of which Taxes: +€65,530
- Trade debts -€11,068
down €11,068 (-39.7%), from €27,876 to €16,809
- Gross operating margin +€134,119
up €134,119 (+20.5%), from €652,736 to €786,856
- Taxes +€37,913
up €37,913 (+78.1%), from €48,555 to €86,468
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 | €447,415 | €580,060 | +€132,645 | +29.6% |
| Fixed assets | 21/28 | €35,739 | €37,337 | +€1,599 | +4.5% |
| Tangible fixed assets | 22/27 | €9,451 | €11,050 | +€1,599 | +16.9% |
| Plant, machinery and equipment | 23 | €34 | €0 | -€34 | -100.0% |
| Furniture and vehicles | 24 | €9,417 | €11,050 | +€1,633 | +17.3% |
| Financial fixed assets | 28 | €26,287 | €26,287 | = | 0.0% |
| Current assets | 29/58 | €411,677 | €542,723 | +€131,046 | +31.8% |
| Amounts receivable after more than one year | 29 | €25,000 | €100,000 | +€75,000 | +300.0% |
| Trade receivables | 290 | €25,000 | €0 | -€25,000 | -100.0% |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €139,663 | €126,305 | -€13,358 | -9.6% |
| Trade receivables | 40 | €113,384 | €115,960 | +€2,576 | +2.3% |
| Other amounts receivable | 41 | €26,279 | €10,345 | -€15,934 | -60.6% |
| Current investments | 50/53 | €80,000 | €0 | -€80,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €155,249 | €304,000 | +€148,751 | +95.8% |
| Deferred charges and accrued income | 490/1 | €11,765 | €12,418 | +€653 | +5.5% |
| Total equity and liabilities | 10/49 | €447,415 | €580,060 | +€132,645 | +29.6% |
| Equity | 10/15 | €195,910 | €179,707 | -€16,202 | -8.3% |
| Contributions | 10/11 | €7,946 | €7,946 | = | 0.0% |
| Reserves | 13 | €86,006 | €151,855 | +€65,849 | +76.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €84,151 | €150,000 | +€65,849 | +78.3% |
| Profit (loss) carried forward | 14 | €101,958 | €19,906 | -€82,051 | -80.5% |
| Amounts payable | 17/49 | €251,506 | €400,353 | +€148,847 | +59.2% |
| Amounts payable within one year | 42/48 | €244,212 | €400,353 | +€156,141 | +63.9% |
| Financial debts | 43 | €378 | €596 | +€218 | +57.8% |
| Credit institutions | 430/8 | €378 | €596 | +€218 | +57.8% |
| Trade debts | 44 | €27,876 | €16,809 | -€11,068 | -39.7% |
| Suppliers | 440/4 | €27,876 | €16,809 | -€11,068 | -39.7% |
| Taxes, remuneration and social security | 45 | €96,999 | €155,700 | +€58,700 | +60.5% |
| Taxes | 450/3 | €13,989 | €79,519 | +€65,530 | +468.4% |
| Remuneration and social security | 454/9 | €83,010 | €76,181 | -€6,830 | -8.2% |
| Other amounts payable | 47/48 | €118,959 | €227,249 | +€108,290 | +91.0% |
| Accrued charges and deferred income | 492/3 | €7,294 | €0 | -€7,294 | -100.0% |
| Non-recurring operating income | 76A | €293 | €0 | -€293 | -100.0% |
| Remuneration, social security and pensions | 62 | €437,977 | €434,835 | -€3,142 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,641 | €11,325 | +€6,685 | +144.1% |
| Other operating charges | 640/8 | €1,839 | €1,651 | -€188 | -10.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €652,736 | €786,856 | +€134,119 | +20.5% |
| Operating profit (loss) | 9901 | €208,279 | €339,044 | +€130,765 | +62.8% |
| Financial income | 75/76B | €5,169 | €4,906 | -€263 | -5.1% |
| Recurring financial income | 75 | €5,169 | €4,906 | -€263 | -5.1% |
| Financial charges | 65/66B | €17,718 | €12,434 | -€5,284 | -29.8% |
| Recurring financial charges | 65 | €17,718 | €12,434 | -€5,284 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €195,731 | €331,516 | +€135,785 | +69.4% |
| Income taxes | 67/77 | €48,555 | €86,468 | +€37,913 | +78.1% |
| Profit (loss) for the period | 9904 | €147,176 | €245,048 | +€97,872 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €147,176 | €245,048 | +€97,872 | +66.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.