REPHIL: 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.
What changed
REPHIL
NACE 47.512, Retail sale of household textiles and bedding
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€123,886
2024 · €102,727+€21,160
Equity
€2.8m
2024 · €2.7m+€123,886
Cash
€618,344
2024 · €443,258+€175,086
Balance sheet total
€4.9m
2024 · €5.0m-€13,895
Largest movements
Assets
- Cash +€175,086
up €175,086 (+39.5%), from €443,258 to €618,344
mainly Accrued charges and deferred income (+€240,904) and Depreciation (+€177,366)
- Tangible fixed assets -€127,201
down €127,201 (-16.2%), from €786,278 to €659,077
of which Plant, machinery and equipment: -€189,324
- Stocks and contracts -€69,758
down €69,758 (-10.1%), from €690,834 to €621,077
Equity and liabilities
- Trade debts -€259,394
down €259,394 (-24.3%), from €1.1m to €807,970
- Accrued charges and deferred income +€240,904
up €240,904 (+216.6%), from €111,230 to €352,134
- Debts after one year -€132,045
down €132,045 (-42.4%), from €311,488 to €179,444
- Profit (loss) carried forward +€123,886
up €123,886 (+12.3%), from €1.0m to €1.1m
Income statement
- Write-downs -€131,684
no longer reported in 2025 (was €131,684)
- Gross operating margin -€100,939
down €100,939 (-8.2%), from €1.2m to €1.1m
- Taxes +€14,564
up €14,564 (+48.5%), from €30,016 to €44,581
- Financial charges -€13,820
down €13,820 (-18.7%), from €74,029 to €60,209
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.
Result 2024
€102,727
Gross operating margin
-€100,939
Staff costs
-€8,520
Depreciation
-€2,479
Write-downs
+€131,684
Other operating charges
-€185
Financial income
+€2,342
Financial charges
+€13,820
Taxes
-€14,564
Result 2025
€123,886
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.
From operations
+€350,007
Investment
-€50,165
Financing
-€124,757
Cash 2024
€443,258
From operations (derived)
+€350,007
Net result for the year
+€123,886
Depreciation
+€177,366
Stocks and contracts
+€69,758
Receivables within one year
-€24,746
Deferred charges and accrued income
+€16,768
Trade debts
-€259,394
Tax, wage and social debts
+€6,576
Other debts
-€1,110
Accrued charges and deferred income
+€240,904
Investment (derived)
-€50,165
Investment in fixed assets (net)
-€50,165
Financing
-€124,757
Debts after one year
-€132,045
Current portion of long-term debt
+€7,288
Cash 2025
€618,344
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,955,159 | €4,941,264 | -€13,895 | -0.3% |
| Fixed assets | 21/28 | €2,365,602 | €2,238,401 | -€127,201 | -5.4% |
| Tangible fixed assets | 22/27 | €786,278 | €659,077 | -€127,201 | -16.2% |
| Land and buildings | 22 | - | €69,608 | +€69,608 | |
| Plant, machinery and equipment | 23 | €663,256 | €473,931 | -€189,324 | -28.5% |
| Furniture and vehicles | 24 | €155 | €730 | +€575 | +369.9% |
| Other tangible fixed assets | 26 | €122,867 | €114,808 | -€8,059 | -6.6% |
| Financial fixed assets | 28 | €1,579,324 | €1,579,324 | = | 0.0% |
| Current assets | 29/58 | €2,589,556 | €2,702,863 | +€113,306 | +4.4% |
| Stocks and contracts in progress | 3 | €690,834 | €621,077 | -€69,758 | -10.1% |
| Stocks | 30/36 | €690,834 | €621,077 | -€69,758 | -10.1% |
| Amounts receivable within one year | 40/41 | €1,305,967 | €1,330,713 | +€24,746 | +1.9% |
| Trade receivables | 40 | €66,683 | €95,209 | +€28,526 | +42.8% |
| Other amounts receivable | 41 | €1,239,284 | €1,235,503 | -€3,781 | -0.3% |
| Cash at bank and in hand | 54/58 | €443,258 | €618,344 | +€175,086 | +39.5% |
| Deferred charges and accrued income | 490/1 | €149,497 | €132,729 | -€16,768 | -11.2% |
| Total equity and liabilities | 10/49 | €4,955,159 | €4,941,264 | -€13,895 | -0.3% |
| Equity | 10/15 | €2,698,666 | €2,822,552 | +€123,886 | +4.6% |
| Contributions | 10/11 | €1,678,432 | €1,678,432 | = | 0.0% |
| Capital | 10 | €233,243 | €233,243 | = | 0.0% |
| Issued capital | 100 | €233,243 | €233,243 | = | 0.0% |
| Outside capital | 11 | €1,445,189 | €1,445,189 | = | 0.0% |
| Share premium | 1100/10 | €1,445,189 | €1,445,189 | = | 0.0% |
| Reserves | 13 | €12,627 | €12,627 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,712 | €2,712 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,007,606 | €1,131,492 | +€123,886 | +12.3% |
| Provisions and deferred taxes | 16 | €86,000 | €86,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €86,000 | €86,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €86,000 | €86,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,170,493 | €2,032,712 | -€137,781 | -6.3% |
| Amounts payable after more than one year | 17 | €311,488 | €179,444 | -€132,045 | -42.4% |
| Financial debts | 170/4 | €311,488 | €179,444 | -€132,045 | -42.4% |
| Amounts payable within one year | 42/48 | €1,747,774 | €1,501,134 | -€246,640 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €528,576 | €535,863 | +€7,288 | +1.4% |
| Trade debts | 44 | €1,067,364 | €807,970 | -€259,394 | -24.3% |
| Suppliers | 440/4 | €1,067,364 | €807,970 | -€259,394 | -24.3% |
| Taxes, remuneration and social security | 45 | €144,361 | €150,937 | +€6,576 | +4.6% |
| Taxes | 450/3 | €534 | €126 | -€408 | -76.4% |
| Remuneration and social security | 454/9 | €143,827 | €150,811 | +€6,984 | +4.9% |
| Other amounts payable | 47/48 | €7,474 | €6,363 | -€1,110 | -14.9% |
| Accrued charges and deferred income | 492/3 | €111,230 | €352,134 | +€240,904 | +216.6% |
| Remuneration, social security and pensions | 62 | €723,132 | €731,652 | +€8,520 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,887 | €177,366 | +€2,479 | +1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €131,684 | - | -€131,684 | |
| Other operating charges | 640/8 | €9,916 | €10,101 | +€185 | +1.9% |
| Gross operating margin | 9900 | €1,226,817 | €1,125,878 | -€100,939 | -8.2% |
| Operating profit (loss) | 9901 | €187,197 | €206,759 | +€19,562 | +10.4% |
| Financial income | 75/76B | €19,575 | €21,917 | +€2,342 | +12.0% |
| Recurring financial income | 75 | €19,575 | €21,917 | +€2,342 | +12.0% |
| Financial charges | 65/66B | €74,029 | €60,209 | -€13,820 | -18.7% |
| Recurring financial charges | 65 | €74,029 | €60,209 | -€13,820 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €132,743 | €168,467 | +€35,724 | +26.9% |
| Income taxes | 67/77 | €30,016 | €44,581 | +€14,564 | +48.5% |
| Profit (loss) for the period | 9904 | €102,727 | €123,886 | +€21,160 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €102,727 | €123,886 | +€21,160 | +20.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.