B.FRESH: 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.
B.FRESH
Largest movements
- Deferred charges and accrued income -€295,238
down €295,238 (-100%), from €295,238 to €0
- Receivables within one year +€124,992
up €124,992 (+50.5%), from €247,731 to €372,723
of which Trade receivables: +€116,934
- Cash +€33,043
up €33,043 (+3,480%), from €950 to €33,993
mainly Deferred charges and accrued income (+€295,238) and Advances received (+€142,796)
- Accrued charges and deferred income -€299,035
down €299,035 (-96.5%), from €309,962 to €10,927
- Advances received +€142,796
up €142,796 (+103%), from €138,359 to €281,155
- Trade debts +€57,690
up €57,690 (+803%), from €7,185 to €64,875
- Other debts -€35,863
down €35,863 (-100%), from €35,863 to €0
- Gross operating margin -€37,588
down €37,588 (-43.2%), from €86,999 to €49,411
- Staff costs -€27,742
down €27,742 (-47.2%), from €58,825 to €31,083
- Depreciation -€7,187
down €7,187 (-62.4%), from €11,516 to €4,329
- Taxes -€4,438
down €4,438 (-31.2%), from €14,228 to €9,790
- Financial income +€2,735
up €2,735 (+141%), from €1,943 to €4,678
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 | €552,940 | €416,687 | -€136,253 | -24.6% |
| Fixed assets | 21/28 | €9,022 | €9,971 | +€949 | +10.5% |
| Tangible fixed assets | 22/27 | €9,022 | €9,971 | +€949 | +10.5% |
| Plant, machinery and equipment | 23 | €4,486 | €2,722 | -€1,763 | -39.3% |
| Furniture and vehicles | 24 | €4,536 | €7,249 | +€2,713 | +59.8% |
| Current assets | 29/58 | €543,918 | €406,715 | -€137,203 | -25.2% |
| Amounts receivable within one year | 40/41 | €247,731 | €372,723 | +€124,992 | +50.5% |
| Trade receivables | 40 | €168,313 | €285,247 | +€116,934 | +69.5% |
| Other amounts receivable | 41 | €79,417 | €87,476 | +€8,058 | +10.1% |
| Cash at bank and in hand | 54/58 | €950 | €33,993 | +€33,043 | +3,480% |
| Deferred charges and accrued income | 490/1 | €295,238 | €0 | -€295,238 | -100% |
| Total equity and liabilities | 10/49 | €552,940 | €416,687 | -€136,253 | -24.6% |
| Equity | 10/15 | €32,688 | €33,612 | +€924 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,228 | €3,152 | +€924 | +41.5% |
| Amounts payable | 17/49 | €520,252 | €383,074 | -€137,177 | -26.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €210,290 | €372,147 | +€161,857 | +77.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,185 | €64,875 | +€57,690 | +803% |
| Suppliers | 440/4 | €7,185 | €64,875 | +€57,690 | +803% |
| Advances received on contracts in progress | 46 | €138,359 | €281,155 | +€142,796 | +103% |
| Taxes, remuneration and social security | 45 | €28,883 | €26,117 | -€2,765 | -9.6% |
| Taxes | 450/3 | €26,968 | €24,347 | -€2,621 | -9.7% |
| Remuneration and social security | 454/9 | €1,914 | €1,770 | -€144 | -7.5% |
| Other amounts payable | 47/48 | €35,863 | €0 | -€35,863 | -100% |
| Accrued charges and deferred income | 492/3 | €309,962 | €10,927 | -€299,035 | -96.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €58,825 | €31,083 | -€27,742 | -47.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,516 | €4,329 | -€7,187 | -62.4% |
| Other operating charges | 640/8 | €7,280 | €7,303 | +€23 | +0.3% |
| Gross operating margin | 9900 | €86,999 | €49,411 | -€37,588 | -43.2% |
| Operating profit (loss) | 9901 | €9,377 | €6,696 | -€2,681 | -28.6% |
| Financial income | 75/76B | €1,943 | €4,678 | +€2,735 | +141% |
| Recurring financial income | 75 | €1,943 | €4,678 | +€2,735 | +141% |
| Financial charges | 65/66B | €1,201 | €660 | -€540 | -45.0% |
| Recurring financial charges | 65 | €1,201 | €660 | -€540 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | €10,120 | €10,714 | +€594 | +5.9% |
| Income taxes | 67/77 | €14,228 | €9,790 | -€4,438 | -31.2% |
| Profit (loss) for the period | 9904 | -€4,108 | €924 | +€5,032 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,108 | €924 | +€5,032 |
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 16 October 2026 via checked.be.