Référend’Hom: 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.
Référend’Hom
Largest movements
- Receivables within one year +€7,218
up €7,218 (+47.3%), from €15,269 to €22,487
of which Trade receivables: +€4,983
- Cash -€7,046
down €7,046 (-90.2%), from €7,814 to €768
mainly Tax, wage and social debts (-€7,410) and Receivables within one year (-€7,218)
- Other debts +€14,200
up €14,200 (+111%), from €12,791 to €26,991
- Tax, wage and social debts -€7,410
down €7,410 (-68.6%), from €10,799 to €3,389
- Trade debts -€6,559
down €6,559 (-90.0%), from €7,285 to €726
- Gross operating margin -€740
down €740 (-55.9%), from €1,324 to €584
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Taxes -€191
down €191 (-42.0%), from €455 to €264
- Financial charges +€72
up €72 (+34.3%), from €210 to €282
- Depreciation +€45
up €45 (+7.1%), from €636 to €681
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 | €89,649 | €89,156 | -€493 | -0.5% |
| Fixed assets | 21/28 | €66,436 | €65,755 | -€681 | -1.0% |
| Tangible fixed assets | 22/27 | €66,256 | €65,575 | -€681 | -1.0% |
| Land and buildings | 22 | €65,000 | €65,000 | = | 0.0% |
| Furniture and vehicles | 24 | €850 | €392 | -€458 | -53.9% |
| Other tangible fixed assets | 26 | €406 | €183 | -€223 | -54.9% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €23,213 | €23,401 | +€188 | +0.8% |
| Amounts receivable within one year | 40/41 | €15,269 | €22,487 | +€7,218 | +47.3% |
| Trade receivables | 40 | €13,224 | €18,207 | +€4,983 | +37.7% |
| Other amounts receivable | 41 | €2,045 | €4,280 | +€2,235 | +109% |
| Cash at bank and in hand | 54/58 | €7,814 | €768 | -€7,046 | -90.2% |
| Deferred charges and accrued income | 490/1 | €130 | €146 | +€16 | +12.3% |
| Total equity and liabilities | 10/49 | €89,649 | €89,156 | -€493 | -0.5% |
| Equity | 10/15 | €58,562 | €57,819 | -€743 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €39,962 | €39,219 | -€743 | -1.9% |
| Distributable reserves | 133 | €39,962 | €39,219 | -€743 | -1.9% |
| Amounts payable | 17/49 | €31,087 | €31,337 | +€250 | +0.8% |
| Amounts payable within one year | 42/48 | €31,086 | €31,321 | +€235 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €211 | €215 | +€4 | +1.9% |
| Trade debts | 44 | €7,285 | €726 | -€6,559 | -90.0% |
| Suppliers | 440/4 | €7,285 | €726 | -€6,559 | -90.0% |
| Taxes, remuneration and social security | 45 | €10,799 | €3,389 | -€7,410 | -68.6% |
| Taxes | 450/3 | €10,799 | €3,389 | -€7,410 | -68.6% |
| Other amounts payable | 47/48 | €12,791 | €26,991 | +€14,200 | +111% |
| Accrued charges and deferred income | 492/3 | €1 | €16 | +€15 | +1,500% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €636 | €681 | +€45 | +7.1% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Non-recurring operating charges | 66A | €858 | €100 | -€758 | -88.3% |
| Gross operating margin | 9900 | €1,324 | €584 | -€740 | -55.9% |
| Operating profit (loss) | 9901 | -€557 | -€197 | +€360 | +64.6% |
| Financial charges | 65/66B | €210 | €282 | +€72 | +34.3% |
| Recurring financial charges | 65 | €210 | €282 | +€72 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | -€767 | -€479 | +€288 | +37.5% |
| Income taxes | 67/77 | €455 | €264 | -€191 | -42.0% |
| Profit (loss) for the period | 9904 | -€1,222 | -€743 | +€479 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,222 | -€743 | +€479 | +39.2% |
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 15 October 2026 via checked.be.