REFILD: 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.
REFILD
Largest movements
- Cash -€18,718
down €18,718 (-51.1%), from €36,649 to €17,931
mainly Trade debts (-€10,389) and Receivables within one year (-€5,103)
- Receivables within one year +€5,103
up €5,103 (+49.2%), from €10,378 to €15,481
- Stocks and contracts +€1,189
up €1,189 (+31.8%), from €3,743 to €4,932
- Tangible fixed assets +€572
up €572 (+12.8%), from €4,458 to €5,030
of which Furniture and vehicles: +€1,050
- Trade debts -€10,389
down €10,389 (-52.5%), from €19,791 to €9,402
- Tax, wage and social debts +€6,485
up €6,485 (+100%), from €6,484 to €12,969
of which Remuneration and social security: +€4,127
- Other debts -€4,804
down €4,804 (-32.4%), from €14,843 to €10,040
- Profit (loss) carried forward -€3,146
down €3,146 (-26.9%), from €11,710 to €8,563
- Gross operating margin -€37,277
down €37,277 (-53.9%), from €69,177 to €31,900
- Staff costs -€20,629
down €20,629 (-39.2%), from €52,623 to €31,994
- Taxes -€2,938
no longer reported in 2025 (was €2,938)
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 | €55,228 | €43,374 | -€11,854 | -21.5% |
| Fixed assets | 21/28 | €4,458 | €5,030 | +€572 | +12.8% |
| Tangible fixed assets | 22/27 | €4,458 | €5,030 | +€572 | +12.8% |
| Plant, machinery and equipment | 23 | €4,458 | €3,980 | -€478 | -10.7% |
| Furniture and vehicles | 24 | - | €1,050 | +€1,050 | |
| Current assets | 29/58 | €50,770 | €38,344 | -€12,426 | -24.5% |
| Stocks and contracts in progress | 3 | €3,743 | €4,932 | +€1,189 | +31.8% |
| Stocks | 30/36 | €3,743 | €4,932 | +€1,189 | +31.8% |
| Amounts receivable within one year | 40/41 | €10,378 | €15,481 | +€5,103 | +49.2% |
| Other amounts receivable | 41 | €10,378 | €15,481 | +€5,103 | +49.2% |
| Cash at bank and in hand | 54/58 | €36,649 | €17,931 | -€18,718 | -51.1% |
| Total equity and liabilities | 10/49 | €55,228 | €43,374 | -€11,854 | -21.5% |
| Equity | 10/15 | €14,110 | €10,963 | -€3,146 | -22.3% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,710 | €8,563 | -€3,146 | -26.9% |
| Amounts payable | 17/49 | €41,118 | €32,410 | -€8,708 | -21.2% |
| Amounts payable within one year | 42/48 | €41,118 | €32,410 | -€8,708 | -21.2% |
| Trade debts | 44 | €19,791 | €9,402 | -€10,389 | -52.5% |
| Suppliers | 440/4 | €19,791 | €9,402 | -€10,389 | -52.5% |
| Taxes, remuneration and social security | 45 | €6,484 | €12,969 | +€6,485 | +100% |
| Taxes | 450/3 | €6,353 | €8,711 | +€2,358 | +37.1% |
| Remuneration and social security | 454/9 | €130 | €4,257 | +€4,127 | +3,165% |
| Other amounts payable | 47/48 | €14,843 | €10,040 | -€4,804 | -32.4% |
| Remuneration, social security and pensions | 62 | €52,623 | €31,994 | -€20,629 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €321 | €614 | +€294 | +91.6% |
| Other operating charges | 640/8 | €1,120 | €1,426 | +€307 | +27.4% |
| Non-recurring operating charges | 66A | €27 | €830 | +€803 | +2,961% |
| Gross operating margin | 9900 | €69,177 | €31,900 | -€37,277 | -53.9% |
| Operating profit (loss) | 9901 | €15,087 | -€2,965 | -€18,051 | |
| Financial income | 75/76B | €0 | €26 | +€26 | +64,525% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +64,525% |
| Financial charges | 65/66B | €439 | €208 | -€231 | -52.7% |
| Recurring financial charges | 65 | €66 | €158 | +€92 | +139% |
| Non-recurring financial charges | 66B | €373 | €50 | -€323 | -86.6% |
| Profit (loss) for the period before taxes | 9903 | €14,647 | -€3,146 | -€17,794 | |
| Income taxes | 67/77 | €2,938 | - | -€2,938 | |
| Profit (loss) for the period | 9904 | €11,710 | -€3,146 | -€14,856 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,710 | -€3,146 | -€14,856 |
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 16 October 2026 via checked.be.