Refresh Clinic: 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.
Refresh Clinic
Largest movements
- Cash +€8,597
up €8,597 (+108%), from €7,965 to €16,561
mainly Depreciation (+€30,403) and Net result for the year (+€22,804)
- Tangible fixed assets +€4,625
up €4,625 (+3.5%), from €132,855 to €137,480
of which Plant, machinery and equipment: +€13,009
- Receivables within one year +€2,115
up €2,115 (+33.5%), from €6,320 to €8,435
of which Other amounts receivable: +€2,534
- Accrued charges and deferred income -€30,890
no longer reported in 2025 (was €30,890)
- Reserves +€22,804
up €22,804 (+177%), from €12,848 to €35,651
- Debts after one year +€22,133
up €22,133 (+33.0%), from €66,989 to €89,122
- Current portion of long-term debt -€3,640
down €3,640 (-17.8%), from €20,445 to €16,805
- Other debts +€3,570
new in 2025: €3,570
- Gross operating margin +€44,816
up €44,816 (+53.6%), from €83,627 to €128,444
- Staff costs +€24,902
up €24,902 (+74.6%), from €33,371 to €58,273
- Taxes +€8,876
up €8,876 (+511%), from €1,738 to €10,614
- Financial charges +€1,284
up €1,284 (+27.8%), from €4,614 to €5,898
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 | €164,625 | €180,617 | +€15,991 | +9.7% |
| Formation expenses | 20 | €73 | - | -€73 | |
| Fixed assets | 21/28 | €132,855 | €137,480 | +€4,625 | +3.5% |
| Tangible fixed assets | 22/27 | €132,855 | €137,480 | +€4,625 | +3.5% |
| Plant, machinery and equipment | 23 | €19,803 | €32,812 | +€13,009 | +65.7% |
| Furniture and vehicles | 24 | €5,672 | €3,867 | -€1,805 | -31.8% |
| Other tangible fixed assets | 26 | €107,380 | €100,800 | -€6,580 | -6.1% |
| Current assets | 29/58 | €31,697 | €43,137 | +€11,440 | +36.1% |
| Stocks and contracts in progress | 3 | €17,413 | €18,140 | +€728 | +4.2% |
| Stocks | 30/36 | €17,413 | €18,140 | +€728 | +4.2% |
| Amounts receivable within one year | 40/41 | €6,320 | €8,435 | +€2,115 | +33.5% |
| Trade receivables | 40 | €3,058 | €2,639 | -€419 | -13.7% |
| Other amounts receivable | 41 | €3,262 | €5,796 | +€2,534 | +77.7% |
| Cash at bank and in hand | 54/58 | €7,965 | €16,561 | +€8,597 | +108% |
| Total equity and liabilities | 10/49 | €164,625 | €180,617 | +€15,991 | +9.7% |
| Equity | 10/15 | €37,848 | €60,651 | +€22,804 | +60.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €12,848 | €35,651 | +€22,804 | +177% |
| Distributable reserves | 133 | €12,848 | €35,651 | +€22,804 | +177% |
| Amounts payable | 17/49 | €126,778 | €119,965 | -€6,812 | -5.4% |
| Amounts payable after more than one year | 17 | €66,989 | €89,122 | +€22,133 | +33.0% |
| Financial debts | 170/4 | €66,989 | €89,122 | +€22,133 | +33.0% |
| Amounts payable within one year | 42/48 | €28,899 | €30,843 | +€1,945 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €20,445 | €16,805 | -€3,640 | -17.8% |
| Trade debts | 44 | €1,792 | €1,302 | -€490 | -27.3% |
| Suppliers | 440/4 | €1,792 | €1,302 | -€490 | -27.3% |
| Taxes, remuneration and social security | 45 | €6,662 | €9,167 | +€2,505 | +37.6% |
| Taxes | 450/3 | €6,571 | €8,726 | +€2,155 | +32.8% |
| Remuneration and social security | 454/9 | €91 | €441 | +€350 | +387% |
| Other amounts payable | 47/48 | - | €3,570 | +€3,570 | |
| Accrued charges and deferred income | 492/3 | €30,890 | - | -€30,890 | |
| Remuneration, social security and pensions | 62 | €33,371 | €58,273 | +€24,902 | +74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,685 | €30,403 | -€1,282 | -4.0% |
| Other operating charges | 640/8 | €1,096 | €480 | -€617 | -56.2% |
| Gross operating margin | 9900 | €83,627 | €128,444 | +€44,816 | +53.6% |
| Operating profit (loss) | 9901 | €17,475 | €39,289 | +€21,814 | +125% |
| Financial income | 75/76B | €0 | €27 | +€27 | +90,600% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +90,600% |
| Financial charges | 65/66B | €4,614 | €5,898 | +€1,284 | +27.8% |
| Recurring financial charges | 65 | €4,614 | €5,898 | +€1,284 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | €12,861 | €33,418 | +€20,556 | +160% |
| Income taxes | 67/77 | €1,738 | €10,614 | +€8,876 | +511% |
| Profit (loss) for the period | 9904 | €11,123 | €22,804 | +€11,680 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €11,123 | €22,804 | +€11,680 | +105% |
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 18 October 2026 via checked.be.