REFRITECH: what changed
Two fiscal 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.
REFRITECH
Largest movements
- Tangible fixed assets +€17,129
new in 2024: €17,129
of which Furniture and vehicles: +€15,537
- Cash -€6,663
down €6,663 (-19.1%), from €34,938 to €28,275
mainly Investment in fixed assets (net) (-€21,825) and Receivables within one year (-€5,557)
- Receivables within one year +€5,557
up €5,557 (+91.3%), from €6,085 to €11,642
- Debts after one year +€12,161
new in 2024: €12,161
- Trade debts +€5,934
up €5,934 (+257.0%), from €2,309 to €8,243
- Other debts -€3,818
down €3,818 (-45.6%), from €8,373 to €4,555
- Current portion of long-term debt +€3,252
new in 2024: €3,252
- Reserves +€3,000
up €3,000 (+30.0%), from €10,000 to €13,000
- Gross operating margin -€14,512
down €14,512 (-58.7%), from €24,711 to €10,199
- Taxes -€3,727
down €3,727 (-84.7%), from €4,400 to €673
- Depreciation +€3,132
up €3,132 (+160.6%), from €1,950 to €5,082
- Other operating charges +€671
up €671 (+174.7%), from €384 to €1,055
- Financial charges +€659
up €659 (+1116.9%), from €59 to €718
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.
Cash bridge derived
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 | €41,409 | €57,083 | +€15,674 | +37.9% |
| Formation expenses | 20 | €386 | - | -€386 | |
| Fixed assets | 21/28 | - | €17,129 | +€17,129 | |
| Tangible fixed assets | 22/27 | - | €17,129 | +€17,129 | |
| Plant, machinery and equipment | 23 | - | €1,592 | +€1,592 | |
| Furniture and vehicles | 24 | - | €15,537 | +€15,537 | |
| Current assets | 29/58 | €41,023 | €39,954 | -€1,069 | -2.6% |
| Amounts receivable within one year | 40/41 | €6,085 | €11,642 | +€5,557 | +91.3% |
| Trade receivables | 40 | €6,085 | €11,642 | +€5,557 | +91.3% |
| Cash at bank and in hand | 54/58 | €34,938 | €28,275 | -€6,663 | -19.1% |
| Deferred charges and accrued income | 490/1 | - | €37 | +€37 | |
| Total equity and liabilities | 10/49 | €41,409 | €57,083 | +€15,674 | +37.9% |
| Equity | 10/15 | €14,921 | €17,778 | +€2,857 | +19.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €13,000 | +€3,000 | +30.0% |
| Distributable reserves | 133 | €10,000 | €13,000 | +€3,000 | +30.0% |
| Profit (loss) carried forward | 14 | €921 | €778 | -€143 | -15.5% |
| Amounts payable | 17/49 | €26,488 | €39,305 | +€12,817 | +48.4% |
| Amounts payable after more than one year | 17 | - | €12,161 | +€12,161 | |
| Financial debts | 170/4 | - | €12,161 | +€12,161 | |
| Amounts payable within one year | 42/48 | €23,918 | €27,144 | +€3,226 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | - | €3,252 | +€3,252 | |
| Trade debts | 44 | €2,309 | €8,243 | +€5,934 | +257.0% |
| Suppliers | 440/4 | €2,309 | €8,243 | +€5,934 | +257.0% |
| Taxes, remuneration and social security | 45 | €13,236 | €11,094 | -€2,142 | -16.2% |
| Taxes | 450/3 | €11,936 | €9,794 | -€2,142 | -17.9% |
| Remuneration and social security | 454/9 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 47/48 | €8,373 | €4,555 | -€3,818 | -45.6% |
| Accrued charges and deferred income | 492/3 | €2,570 | - | -€2,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,950 | €5,082 | +€3,132 | +160.6% |
| Other operating charges | 640/8 | €384 | €1,055 | +€671 | +174.7% |
| Gross operating margin | 9900 | €24,711 | €10,199 | -€14,512 | -58.7% |
| Operating profit (loss) | 9901 | €22,377 | €4,062 | -€18,315 | -81.8% |
| Financial income | 75/76B | €3 | €186 | +€183 | +6100.0% |
| Recurring financial income | 75 | €3 | €186 | +€183 | +6100.0% |
| Financial charges | 65/66B | €59 | €718 | +€659 | +1116.9% |
| Recurring financial charges | 65 | €59 | €718 | +€659 | +1116.9% |
| Profit (loss) for the period before taxes | 9903 | €22,321 | €3,530 | -€18,791 | -84.2% |
| Income taxes | 67/77 | €4,400 | €673 | -€3,727 | -84.7% |
| Profit (loss) for the period | 9904 | €17,921 | €2,857 | -€15,064 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,921 | €2,857 | -€15,064 | -84.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.