Bfresh: 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.
Bfresh
Largest movements
- Tangible fixed assets +€58,808
up €58,808 (+351.0%), from €16,756 to €75,564
of which Furniture and vehicles: +€59,653
- Stocks and contracts -€49,779
down €49,779 (-26.4%), from €188,462 to €138,683
- Cash +€13,378
up €13,378 (+9.6%), from €138,846 to €152,224
mainly Net result for the year (+€69,638) and Stocks and contracts (+€49,779)
- Profit (loss) carried forward +€69,638
up €69,638 (+43.1%), from €161,658 to €231,297
- Other debts -€47,073
down €47,073 (-100.0%), from €47,073 to €0
- Debts after one year +€38,433
up €38,433 (+1493.4%), from €2,574 to €41,006
- Trade debts -€36,478
down €36,478 (-20.9%), from €174,292 to €137,815
- Tax, wage and social debts -€6,817
down €6,817 (-17.5%), from €38,981 to €32,164
of which Taxes: -€7,506
- Turnover +€2.3m
new in 2025: €2.3m
- Purchases and services +€2.1m
new in 2025: €2.1m
- Gross operating margin +€24,741
up €24,741 (+13.1%), from €189,325 to €214,065
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €443,327 | €465,973 | +€22,646 | +5.1% |
| Fixed assets | 21/28 | €16,756 | €75,564 | +€58,808 | +351.0% |
| Tangible fixed assets | 22/27 | €16,756 | €75,564 | +€58,808 | +351.0% |
| Plant, machinery and equipment | 23 | €2,338 | €1,661 | -€677 | -29.0% |
| Furniture and vehicles | 24 | €13,048 | €72,702 | +€59,653 | +457.2% |
| Other tangible fixed assets | 26 | €1,370 | €1,202 | -€168 | -12.3% |
| Current assets | 29/58 | €426,571 | €390,409 | -€36,162 | -8.5% |
| Stocks and contracts in progress | 3 | €188,462 | €138,683 | -€49,779 | -26.4% |
| Stocks | 30/36 | €188,462 | €138,683 | -€49,779 | -26.4% |
| Amounts receivable within one year | 40/41 | €99,262 | €99,502 | +€240 | +0.2% |
| Trade receivables | 40 | €91,975 | €86,454 | -€5,521 | -6.0% |
| Other amounts receivable | 41 | €7,288 | €13,048 | +€5,760 | +79.0% |
| Cash at bank and in hand | 54/58 | €138,846 | €152,224 | +€13,378 | +9.6% |
| Total equity and liabilities | 10/49 | €443,327 | €465,973 | +€22,646 | +5.1% |
| Equity | 10/15 | €166,658 | €236,297 | +€69,638 | +41.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €161,658 | €231,297 | +€69,638 | +43.1% |
| Amounts payable | 17/49 | €276,669 | €229,677 | -€46,992 | -17.0% |
| Amounts payable after more than one year | 17 | €2,574 | €41,006 | +€38,433 | +1493.4% |
| Financial debts | 170/4 | €2,574 | €41,006 | +€38,433 | +1493.4% |
| Amounts payable within one year | 42/48 | €274,095 | €188,670 | -€85,425 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €11,662 | €11,557 | -€106 | -0.9% |
| Financial debts | 43 | €2,086 | €7,135 | +€5,049 | +242.0% |
| Credit institutions | 430/8 | €2,086 | €7,135 | +€5,049 | +242.0% |
| Trade debts | 44 | €174,292 | €137,815 | -€36,478 | -20.9% |
| Suppliers | 440/4 | €174,292 | €137,815 | -€36,478 | -20.9% |
| Taxes, remuneration and social security | 45 | €38,981 | €32,164 | -€6,817 | -17.5% |
| Taxes | 450/3 | €27,149 | €19,643 | -€7,506 | -27.6% |
| Remuneration and social security | 454/9 | €11,832 | €12,521 | +€689 | +5.8% |
| Other amounts payable | 47/48 | €47,073 | €0 | -€47,073 | -100.0% |
| Turnover | 70 | - | €2,291,720 | +€2.3m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,130,611 | +€2.1m | |
| Remuneration, social security and pensions | 62 | €81,660 | €85,626 | +€3,966 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,838 | €14,664 | +€8,827 | +151.2% |
| Other operating charges | 640/8 | €4,419 | €15,828 | +€11,409 | +258.2% |
| Gross operating margin | 9900 | €189,325 | €214,065 | +€24,741 | +13.1% |
| Operating profit (loss) | 9901 | €97,408 | €97,948 | +€539 | +0.6% |
| Financial income | 75/76B | €584 | €631 | +€47 | +8.0% |
| Recurring financial income | 75 | €584 | €631 | +€47 | +8.0% |
| Financial charges | 65/66B | €6,741 | €7,203 | +€462 | +6.8% |
| Recurring financial charges | 65 | €6,741 | €7,203 | +€462 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | €91,251 | €91,376 | +€124 | +0.1% |
| Income taxes | 67/77 | €24,782 | €21,737 | -€3,044 | -12.3% |
| Profit (loss) for the period | 9904 | €66,470 | €69,638 | +€3,169 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €66,470 | €69,638 | +€3,169 | +4.8% |
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.