REFRICAR INVEST: what changed
REFRICAR INVEST
Largest movements
- Cash -€6,259
down €6,259 (-8.7%), from €71,716 to €65,458
mainly Contributions, distributions and other (-€38,505) and Receivables within one year (-€1,456)
- Receivables within one year +€1,456
up €1,456 (+228%), from €639 to €2,095
- Reserves -€3,500
down €3,500 (-37.4%), from €9,359 to €5,859
of which Distributable reserves: -€3,500
- Depreciation -€4,008
down €4,008 (-98.9%), from €4,053 to €46
- Financial income -€785
down €785 (-92.9%), from €845 to €60
- Other operating charges -€652
down €652 (-8.4%), from €7,749 to €7,097
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,332 | €102,483 | -€4,848 | -4.5% |
| Fixed assets | 21/28 | €34,976 | €34,930 | -€46 | -0.1% |
| Tangible fixed assets | 22/27 | €34,976 | €34,930 | -€46 | -0.1% |
| Land and buildings | 22 | €34,930 | €34,930 | = | 0.0% |
| Plant, machinery and equipment | 23 | €46 | - | -€46 | |
| Current assets | 29/58 | €72,356 | €67,553 | -€4,803 | -6.6% |
| Amounts receivable within one year | 40/41 | €639 | €2,095 | +€1,456 | +228% |
| Other amounts receivable | 41 | €639 | €2,095 | +€1,456 | +228% |
| Cash at bank and in hand | 54/58 | €71,716 | €65,458 | -€6,259 | -8.7% |
| Total equity and liabilities | 10/49 | €107,332 | €102,483 | -€4,848 | -4.5% |
| Equity | 10/15 | €53,536 | €49,893 | -€3,643 | -6.8% |
| Contributions | 10/11 | €43,590 | €43,590 | = | 0.0% |
| Reserves | 13 | €9,359 | €5,859 | -€3,500 | -37.4% |
| Non-distributable reserves | 130/1 | €4,359 | €4,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,359 | €4,359 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €1,500 | -€3,500 | -70.0% |
| Profit (loss) carried forward | 14 | €582 | €444 | -€138 | -23.7% |
| Investment grants | 15 | €5 | - | -€5 | |
| Amounts payable | 17/49 | €53,796 | €52,590 | -€1,205 | -2.2% |
| Amounts payable within one year | 42/48 | €53,796 | €52,590 | -€1,205 | -2.2% |
| Trade debts | 44 | €1,070 | €731 | -€339 | -31.7% |
| Suppliers | 440/4 | €1,070 | €731 | -€339 | -31.7% |
| Taxes, remuneration and social security | 45 | €11,359 | €11,359 | = | 0.0% |
| Taxes | 450/3 | €11,359 | €11,359 | = | 0.0% |
| Other amounts payable | 47/48 | €41,367 | €40,500 | -€866 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,053 | €46 | -€4,008 | -98.9% |
| Other operating charges | 640/8 | €7,749 | €7,097 | -€652 | -8.4% |
| Gross operating margin | 9900 | €53,316 | €53,594 | +€277 | +0.5% |
| Operating profit (loss) | 9901 | €41,514 | €46,451 | +€4,937 | +11.9% |
| Financial income | 75/76B | €845 | €60 | -€785 | -92.9% |
| Recurring financial income | 75 | €845 | €60 | -€785 | -92.9% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €42,331 | €46,481 | +€4,150 | +9.8% |
| Income taxes | 67/77 | €11,359 | €11,619 | +€260 | +2.3% |
| Profit (loss) for the period | 9904 | €30,972 | €34,862 | +€3,891 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,972 | €34,862 | +€3,891 | +12.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.