REFRIGO: 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.
REFRIGO
Largest movements
- Cash +€13,290
up €13,290 (+271.1%), from €4,903 to €18,193
mainly Other debts (+€7,263) and Trade debts (+€2,249)
- Tangible fixed assets -€1,317
no longer reported in 2025 (was €1,317)
- Other debts +€7,263
up €7,263 (+295.2%), from €2,460 to €9,723
- Trade debts +€2,249
new in 2025: €2,249
- Profit (loss) carried forward +€1,480
up €1,480 (+18.2%), from €8,142 to €9,622
- Tax, wage and social debts +€809
up €809 (+113.6%), from €712 to €1,521
- Gross operating margin -€6,823
down €6,823 (-51.9%), from €13,136 to €6,313
- Taxes +€2,060
new in 2025: €2,060
- Other operating charges -€207
down €207 (-13.7%), from €1,508 to €1,301
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.
Cash bridge derived
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 | €12,314 | €24,115 | +€11,801 | +95.8% |
| Fixed assets | 21/28 | €1,317 | - | -€1,317 | |
| Tangible fixed assets | 22/27 | €1,317 | - | -€1,317 | |
| Furniture and vehicles | 24 | €1,317 | - | -€1,317 | |
| Current assets | 29/58 | €10,997 | €24,115 | +€13,118 | +119.3% |
| Amounts receivable within one year | 40/41 | €6,094 | €5,922 | -€172 | -2.8% |
| Trade receivables | 40 | €4,527 | €5,922 | +€1,395 | +30.8% |
| Other amounts receivable | 41 | €1,567 | - | -€1,567 | |
| Cash at bank and in hand | 54/58 | €4,903 | €18,193 | +€13,290 | +271.1% |
| Total equity and liabilities | 10/49 | €12,314 | €24,115 | +€11,801 | +95.8% |
| Equity | 10/15 | €9,142 | €10,622 | +€1,480 | +16.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,142 | €9,622 | +€1,480 | +18.2% |
| Amounts payable | 17/49 | €3,172 | €13,493 | +€10,321 | +325.4% |
| Amounts payable within one year | 42/48 | €3,172 | €13,493 | +€10,321 | +325.4% |
| Trade debts | 44 | - | €2,249 | +€2,249 | |
| Suppliers | 440/4 | - | €2,249 | +€2,249 | |
| Taxes, remuneration and social security | 45 | €712 | €1,521 | +€809 | +113.6% |
| Taxes | 450/3 | €712 | €1,521 | +€809 | +113.6% |
| Other amounts payable | 47/48 | €2,460 | €9,723 | +€7,263 | +295.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,316 | €1,317 | +€1 | +0.1% |
| Other operating charges | 640/8 | €1,508 | €1,301 | -€207 | -13.7% |
| Gross operating margin | 9900 | €13,136 | €6,313 | -€6,823 | -51.9% |
| Operating profit (loss) | 9901 | €10,312 | €3,695 | -€6,617 | -64.2% |
| Financial charges | 65/66B | €153 | €155 | +€2 | +1.3% |
| Recurring financial charges | 65 | €153 | €155 | +€2 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €10,159 | €3,540 | -€6,619 | -65.2% |
| Income taxes | 67/77 | - | €2,060 | +€2,060 | |
| Profit (loss) for the period | 9904 | €10,159 | €1,480 | -€8,679 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,159 | €1,480 | -€8,679 | -85.4% |
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 12 October 2026 via checked.be.