REfero.re: 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.
REfero.re
Largest movements
- Receivables within one year -€130,498
down €130,498 (-99.9%), from €130,602 to €104
of which Other amounts receivable: -€115,978
- Financial fixed assets +€100,000
new in 2025: €100,000
- Cash +€19,976
up €19,976 (+3,786%), from €528 to €20,504
mainly Receivables within one year (+€130,498) and Other debts (+€500)
- Profit (loss) carried forward -€11,071
down €11,071, from €8,726 to -€2,345
- Gross operating margin -€10,102
down €10,102 (-1,884%), from -€536 to -€10,638
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 | €131,129 | €120,607 | -€10,522 | -8.0% |
| Fixed assets | 21/28 | - | €100,000 | +€100,000 | |
| Financial fixed assets | 28 | - | €100,000 | +€100,000 | |
| Current assets | 29/58 | €131,129 | €20,607 | -€110,522 | -84.3% |
| Amounts receivable within one year | 40/41 | €130,602 | €104 | -€130,498 | -99.9% |
| Trade receivables | 40 | €14,520 | - | -€14,520 | |
| Other amounts receivable | 41 | €116,082 | €104 | -€115,978 | -99.9% |
| Cash at bank and in hand | 54/58 | €528 | €20,504 | +€19,976 | +3,786% |
| Total equity and liabilities | 10/49 | €131,129 | €120,607 | -€10,522 | -8.0% |
| Equity | 10/15 | €91,226 | €80,155 | -€11,071 | -12.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,726 | -€2,345 | -€11,071 | |
| Amounts payable | 17/49 | €39,903 | €40,452 | +€549 | +1.4% |
| Amounts payable within one year | 42/48 | €39,903 | €40,452 | +€549 | +1.4% |
| Trade debts | 44 | €26,648 | €26,696 | +€49 | +0.2% |
| Suppliers | 440/4 | €26,648 | €26,696 | +€49 | +0.2% |
| Other amounts payable | 47/48 | €13,255 | €13,755 | +€500 | +3.8% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€536 | -€10,638 | -€10,102 | -1,884% |
| Operating profit (loss) | 9901 | -€921 | -€11,026 | -€10,105 | -1,098% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€966 | -€11,071 | -€10,105 | -1,047% |
| Profit (loss) for the period | 9904 | -€966 | -€11,071 | -€10,105 | -1,047% |
| Profit (loss) for the period to be appropriated | 9905 | -€966 | -€11,071 | -€10,105 | -1,047% |
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 20 October 2026 via checked.be.