Refit Belgium: 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.
Refit Belgium
Largest movements
- Cash -€15,183
down €15,183 (-97.9%), from €15,510 to €326
mainly Receivables after one year (-€9,649) and Tax, wage and social debts (-€8,518)
- Receivables after one year +€9,649
up €9,649 (+813%), from €1,187 to €10,836
of which Other amounts receivable: +€10,836
- Tangible fixed assets -€1,065
down €1,065 (-28.9%), from €3,686 to €2,621
of which Plant, machinery and equipment: -€1,629
- Deferred charges and accrued income +€518
new in 2025: €518
- Receivables within one year -€460
down €460 (-3.3%), from €13,747 to €13,288
of which Trade receivables: -€712
- Tax, wage and social debts -€8,518
down €8,518 (-98.4%), from €8,661 to €143
- Debts after one year -€8,078
down €8,078 (-27.3%), from €29,562 to €21,485
- Profit (loss) carried forward +€7,354
up €7,354 (+22.6%), from -€32,599 to -€25,245
- Trade debts +€2,700
new in 2025: €2,700
- Gross operating margin -€12,367
down €12,367 (-53.9%), from €22,946 to €10,579
- Depreciation -€1,179
down €1,179 (-34.3%), from €3,435 to €2,256
- Financial charges -€781
down €781 (-64.5%), from €1,211 to €431
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 | €34,131 | €27,589 | -€6,542 | -19.2% |
| Fixed assets | 21/28 | €3,686 | €2,621 | -€1,065 | -28.9% |
| Tangible fixed assets | 22/27 | €3,686 | €2,621 | -€1,065 | -28.9% |
| Plant, machinery and equipment | 23 | €3,296 | €1,667 | -€1,629 | -49.4% |
| Furniture and vehicles | 24 | €390 | €954 | +€563 | +144% |
| Current assets | 29/58 | €30,444 | €24,967 | -€5,477 | -18.0% |
| Amounts receivable after more than one year | 29 | €1,187 | €10,836 | +€9,649 | +813% |
| Trade receivables | 290 | €1,187 | - | -€1,187 | |
| Other amounts receivable | 291 | - | €10,836 | +€10,836 | |
| Amounts receivable within one year | 40/41 | €13,747 | €13,288 | -€460 | -3.3% |
| Trade receivables | 40 | €13,747 | €13,035 | -€712 | -5.2% |
| Other amounts receivable | 41 | - | €252 | +€252 | |
| Cash at bank and in hand | 54/58 | €15,510 | €326 | -€15,183 | -97.9% |
| Deferred charges and accrued income | 490/1 | - | €518 | +€518 | |
| Total equity and liabilities | 10/49 | €34,131 | €27,589 | -€6,542 | -19.2% |
| Equity | 10/15 | -€4,092 | €3,262 | +€7,354 | |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €16,007 | €16,007 | = | 0.0% |
| Distributable reserves | 133 | €16,007 | €16,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,599 | -€25,245 | +€7,354 | +22.6% |
| Amounts payable | 17/49 | €38,223 | €24,327 | -€13,896 | -36.4% |
| Amounts payable after more than one year | 17 | €29,562 | €21,485 | -€8,078 | -27.3% |
| Other amounts payable | 178/9 | €29,562 | €21,485 | -€8,078 | -27.3% |
| Amounts payable within one year | 42/48 | €8,661 | €2,842 | -€5,818 | -67.2% |
| Trade debts | 44 | - | €2,700 | +€2,700 | |
| Suppliers | 440/4 | - | €2,700 | +€2,700 | |
| Taxes, remuneration and social security | 45 | €8,661 | €143 | -€8,518 | -98.4% |
| Taxes | 450/3 | €8,661 | €143 | -€8,518 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,435 | €2,256 | -€1,179 | -34.3% |
| Other operating charges | 640/8 | €257 | €405 | +€148 | +57.6% |
| Gross operating margin | 9900 | €22,946 | €10,579 | -€12,367 | -53.9% |
| Operating profit (loss) | 9901 | €19,254 | €7,918 | -€11,337 | -58.9% |
| Financial income | 75/76B | €0 | €9 | +€9 | +7,062% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +7,062% |
| Financial charges | 65/66B | €1,211 | €431 | -€781 | -64.5% |
| Recurring financial charges | 65 | €1,211 | €431 | -€781 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | €18,043 | €7,497 | -€10,547 | -58.5% |
| Income taxes | 67/77 | €135 | €143 | +€7 | +5.3% |
| Profit (loss) for the period | 9904 | €17,908 | €7,354 | -€10,554 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,908 | €7,354 | -€10,554 | -58.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.