Bfresh Invest: 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.
Bfresh Invest
Largest movements
- Tangible fixed assets +€130,143
up €130,143 (+143%), from €91,206 to €221,348
- Cash +€29,545
up €29,545 (+118%), from €25,097 to €54,643
mainly Debts after one year (+€94,156) and Other debts (+€34,895)
- Receivables within one year +€12,413
up €12,413 (+95.3%), from €13,031 to €25,444
of which Trade receivables: +€11,688
- Debts after one year +€94,156
up €94,156 (+135%), from €69,837 to €163,993
of which Financial debts: +€92,656
- Other debts +€34,895
up €34,895 (+223%), from €15,623 to €50,518
- Profit (loss) carried forward +€33,340
up €33,340 (+91.3%), from €36,516 to €69,856
- Current portion of long-term debt +€5,806
up €5,806 (+150%), from €3,874 to €9,680
- Tax, wage and social debts +€4,272
up €4,272 (+157%), from €2,722 to €6,994
of which Taxes: +€4,272
- Depreciation +€5,280
up €5,280 (+25.8%), from €20,497 to €25,777
- Gross operating margin +€5,257
up €5,257 (+7.5%), from €69,823 to €75,080
- Financial charges +€3,309
up €3,309 (+112%), from €2,956 to €6,264
- Taxes -€828
down €828 (-9.0%), from €9,146 to €8,318
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 | €134,334 | €306,825 | +€172,491 | +128% |
| Fixed assets | 21/28 | €96,206 | €226,348 | +€130,143 | +135% |
| Tangible fixed assets | 22/27 | €91,206 | €221,348 | +€130,143 | +143% |
| Land and buildings | 22 | €91,206 | €221,348 | +€130,143 | +143% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €38,128 | €80,477 | +€42,349 | +111% |
| Amounts receivable within one year | 40/41 | €13,031 | €25,444 | +€12,413 | +95.3% |
| Trade receivables | 40 | €13,011 | €24,700 | +€11,688 | +89.8% |
| Other amounts receivable | 41 | €20 | €745 | +€725 | +3,704% |
| Cash at bank and in hand | 54/58 | €25,097 | €54,643 | +€29,545 | +118% |
| Deferred charges and accrued income | 490/1 | - | €390 | +€390 | |
| Total equity and liabilities | 10/49 | €134,334 | €306,825 | +€172,491 | +128% |
| Equity | 10/15 | €41,516 | €74,856 | +€33,340 | +80.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,516 | €69,856 | +€33,340 | +91.3% |
| Amounts payable | 17/49 | €92,818 | €231,969 | +€139,151 | +150% |
| Amounts payable after more than one year | 17 | €69,837 | €163,993 | +€94,156 | +135% |
| Financial debts | 170/4 | €68,517 | €161,173 | +€92,656 | +135% |
| Other amounts payable | 178/9 | €1,320 | €2,820 | +€1,500 | +114% |
| Amounts payable within one year | 42/48 | €22,981 | €67,976 | +€44,995 | +196% |
| Current portion of amounts payable after more than one year | 42 | €3,874 | €9,680 | +€5,806 | +150% |
| Financial debts | 43 | €761 | €769 | +€8 | +1.0% |
| Credit institutions | 430/8 | €761 | €769 | +€8 | +1.0% |
| Trade debts | 44 | €0 | €15 | +€15 | |
| Suppliers | 440/4 | €0 | €15 | +€15 | |
| Taxes, remuneration and social security | 45 | €2,722 | €6,994 | +€4,272 | +157% |
| Taxes | 450/3 | €2,722 | €6,994 | +€4,272 | +157% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €15,623 | €50,518 | +€34,895 | +223% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,497 | €25,777 | +€5,280 | +25.8% |
| Other operating charges | 640/8 | €708 | €1,392 | +€684 | +96.5% |
| Gross operating margin | 9900 | €69,823 | €75,080 | +€5,257 | +7.5% |
| Operating profit (loss) | 9901 | €48,618 | €47,911 | -€707 | -1.5% |
| Financial income | 75/76B | €0 | €11 | +€11 | +114,000% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +114,000% |
| Financial charges | 65/66B | €2,956 | €6,264 | +€3,309 | +112% |
| Recurring financial charges | 65 | €2,956 | €6,264 | +€3,309 | +112% |
| Profit (loss) for the period before taxes | 9903 | €45,662 | €41,658 | -€4,004 | -8.8% |
| Income taxes | 67/77 | €9,146 | €8,318 | -€828 | -9.0% |
| Profit (loss) for the period | 9904 | €36,516 | €33,340 | -€3,177 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,516 | €33,340 | -€3,177 | -8.7% |
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 29 October 2026 via checked.be.