REFRITEC: 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.
REFRITEC
Largest movements
- Receivables within one year +€31,818
up €31,818 (+131%), from €24,354 to €56,172
of which Trade receivables: +€35,604
- Current investments +€28,083
new in 2024: €28,083
- Cash -€16,392
no longer reported in 2024 (was €16,392)
mainly Receivables within one year (-€31,818) and Current investments (-€28,083)
- Tangible fixed assets -€2,350
down €2,350 (-30.0%), from €7,830 to €5,480
- Profit (loss) carried forward +€24,888
up €24,888 (+284%), from €8,770 to €33,658
- Tax, wage and social debts +€16,670
up €16,670 (+710%), from €2,346 to €19,016
of which Taxes: +€17,406
- Other debts -€3,608
down €3,608 (-26.5%), from €13,608 to €10,000
- Trade debts +€3,208
up €3,208 (+23.2%), from €13,817 to €17,025
- Gross operating margin +€45,572
up €45,572 (+278%), from €16,408 to €61,980
- Taxes +€5,832
up €5,832 (+362%), from €1,610 to €7,442
- Staff costs +€5,498
up €5,498 (+77.7%), from €7,072 to €12,570
- Other operating charges +€3,818
up €3,818 (+596%), from €641 to €4,459
- Depreciation +€780
up €780 (+49.7%), from €1,570 to €2,350
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,741 | €89,899 | +€41,159 | +84.4% |
| Fixed assets | 21/28 | €7,995 | €5,645 | -€2,350 | -29.4% |
| Tangible fixed assets | 22/27 | €7,830 | €5,480 | -€2,350 | -30.0% |
| Furniture and vehicles | 24 | €7,830 | €5,480 | -€2,350 | -30.0% |
| Financial fixed assets | 28 | €165 | €165 | = | 0.0% |
| Current assets | 29/58 | €40,746 | €84,254 | +€43,509 | +107% |
| Amounts receivable within one year | 40/41 | €24,354 | €56,172 | +€31,818 | +131% |
| Trade receivables | 40 | €14,693 | €50,296 | +€35,604 | +242% |
| Other amounts receivable | 41 | €9,661 | €5,875 | -€3,786 | -39.2% |
| Current investments | 50/53 | - | €28,083 | +€28,083 | |
| Cash at bank and in hand | 54/58 | €16,392 | - | -€16,392 | |
| Total equity and liabilities | 10/49 | €48,741 | €89,899 | +€41,159 | +84.4% |
| Equity | 10/15 | €18,970 | €43,858 | +€24,888 | +131% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Capital | 10 | - | €10,200 | +€10,200 | |
| Issued capital | 100 | - | €10,200 | +€10,200 | |
| Contributions outside capital | 11 | €10,200 | - | -€10,200 | |
| Other | 1109/19 | €10,200 | - | -€10,200 | |
| Profit (loss) carried forward | 14 | €8,770 | €33,658 | +€24,888 | +284% |
| Amounts payable | 17/49 | €29,771 | €46,041 | +€16,271 | +54.7% |
| Amounts payable within one year | 42/48 | €29,771 | €46,041 | +€16,271 | +54.7% |
| Trade debts | 44 | €13,817 | €17,025 | +€3,208 | +23.2% |
| Suppliers | 440/4 | €13,817 | €17,025 | +€3,208 | +23.2% |
| Taxes, remuneration and social security | 45 | €2,346 | €19,016 | +€16,670 | +710% |
| Taxes | 450/3 | €1,610 | €19,016 | +€17,406 | +1,081% |
| Remuneration and social security | 454/9 | €736 | - | -€736 | |
| Other amounts payable | 47/48 | €13,608 | €10,000 | -€3,608 | -26.5% |
| Remuneration, social security and pensions | 62 | €7,072 | €12,570 | +€5,498 | +77.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,570 | €2,350 | +€780 | +49.7% |
| Other operating charges | 640/8 | €641 | €4,459 | +€3,818 | +596% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €16,408 | €61,980 | +€45,572 | +278% |
| Operating profit (loss) | 9901 | €7,124 | €42,600 | +€35,476 | +498% |
| Financial charges | 65/66B | €224 | €270 | +€47 | +20.9% |
| Recurring financial charges | 65 | €224 | €270 | +€47 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | €6,901 | €42,330 | +€35,429 | +513% |
| Income taxes | 67/77 | €1,610 | €7,442 | +€5,832 | +362% |
| Profit (loss) for the period | 9904 | €5,291 | €34,888 | +€29,598 | +559% |
| Profit (loss) for the period to be appropriated | 9905 | €5,291 | €34,888 | +€29,598 | +559% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.