RIFUGIO: 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.
RIFUGIO
Largest movements
- Cash -€6,603
down €6,603 (-28.4%), from €23,230 to €16,627
mainly Net result for the year (-€9,307) and Other debts (-€1,033)
- Receivables within one year -€2,816
down €2,816 (-98.4%), from €2,862 to €46
- Tangible fixed assets -€801
down €801 (-26.5%), from €3,026 to €2,226
of which Furniture and vehicles: -€601
- Reserves -€9,307
down €9,307 (-41.1%), from €22,618 to €13,311
- Other debts -€1,033
down €1,033 (-28.8%), from €3,587 to €2,554
- Gross operating margin +€11,047
up €11,047 (+57.4%), from -€19,252 to -€8,206
- Financial income -€6,592
down €6,592 (-100%), from €6,592 to €0
- Depreciation +€334
up €334 (+71.5%), from €467 to €801
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.
Derived cash bridge
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 | €29,394 | €18,900 | -€10,494 | -35.7% |
| Fixed assets | 21/28 | €3,301 | €2,226 | -€1,076 | -32.6% |
| Tangible fixed assets | 22/27 | €3,026 | €2,226 | -€801 | -26.5% |
| Plant, machinery and equipment | 23 | €847 | €647 | -€200 | -23.6% |
| Furniture and vehicles | 24 | €2,179 | €1,579 | -€601 | -27.6% |
| Financial fixed assets | 28 | €275 | €0 | -€275 | -100% |
| Current assets | 29/58 | €26,092 | €16,674 | -€9,419 | -36.1% |
| Amounts receivable within one year | 40/41 | €2,862 | €46 | -€2,816 | -98.4% |
| Other amounts receivable | 41 | €2,862 | €46 | -€2,816 | -98.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €23,230 | €16,627 | -€6,603 | -28.4% |
| Total equity and liabilities | 10/49 | €29,394 | €18,900 | -€10,494 | -35.7% |
| Equity | 10/15 | €25,618 | €16,311 | -€9,307 | -36.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,618 | €13,311 | -€9,307 | -41.1% |
| Distributable reserves | 133 | €22,618 | €13,311 | -€9,307 | -41.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,776 | €2,588 | -€1,187 | -31.5% |
| Amounts payable within one year | 42/48 | €3,776 | €2,588 | -€1,187 | -31.5% |
| Trade debts | 44 | €55 | €34 | -€21 | -37.7% |
| Suppliers | 440/4 | €55 | €34 | -€21 | -37.7% |
| Taxes, remuneration and social security | 45 | €134 | €0 | -€134 | -100% |
| Taxes | 450/3 | €134 | €0 | -€134 | -100% |
| Other amounts payable | 47/48 | €3,587 | €2,554 | -€1,033 | -28.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €801 | +€334 | +71.5% |
| Other operating charges | 640/8 | €196 | €199 | +€4 | +1.8% |
| Gross operating margin | 9900 | -€19,252 | -€8,206 | +€11,047 | +57.4% |
| Operating profit (loss) | 9901 | -€19,914 | -€9,205 | +€10,709 | +53.8% |
| Financial income | 75/76B | €6,592 | €0 | -€6,592 | -100% |
| Recurring financial income | 75 | €6,592 | €0 | -€6,592 | -100% |
| Financial charges | 65/66B | €86 | €101 | +€16 | +18.5% |
| Recurring financial charges | 65 | €86 | €101 | +€16 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,408 | -€9,307 | +€4,101 | +30.6% |
| Income taxes | 67/77 | €174 | €0 | -€174 | -100% |
| Profit (loss) for the period | 9904 | -€13,582 | -€9,307 | +€4,276 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,582 | -€9,307 | +€4,276 | +31.5% |
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 16 October 2026 via checked.be.