FRESA: 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.
FRESA
Largest movements
- Tangible fixed assets -€10,650
down €10,650 (-3.5%), from €307,467 to €296,817
of which Plant, machinery and equipment: -€10,709
- Receivables within one year +€5,041
up €5,041 (+186%), from €2,707 to €7,748
of which Other amounts receivable: +€5,130
- Debts after one year -€22,106
down €22,106 (-10.8%), from €204,075 to €181,969
- Accrued charges and deferred income -€14,297
down €14,297 (-100%), from €14,297 to €0
- Other debts +€11,036
new in 2024: €11,036
- Reserves +€10,024
up €10,024 (+9.7%), from €103,759 to €113,783
- Tax, wage and social debts +€5,255
up €5,255 (+63.5%), from €8,277 to €13,532
of which Taxes: +€3,623
- Other operating charges +€9,352
up €9,352 (+1,228%), from €762 to €10,114
- Taxes +€2,375
up €2,375 (+27.5%), from €8,633 to €11,008
- Gross operating margin -€1,872
down €1,872 (-1.5%), from €122,202 to €120,329
- Staff costs -€1,604
down €1,604 (-2.3%), from €69,633 to €68,029
- Financial charges -€1,448
down €1,448 (-8.9%), from €16,196 to €14,748
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 | €486,982 | €482,744 | -€4,238 | -0.9% |
| Fixed assets | 21/28 | €307,557 | €296,907 | -€10,650 | -3.5% |
| Tangible fixed assets | 22/27 | €307,467 | €296,817 | -€10,650 | -3.5% |
| Land and buildings | 22 | €234,093 | €234,550 | +€457 | +0.2% |
| Plant, machinery and equipment | 23 | €61,721 | €51,012 | -€10,709 | -17.4% |
| Furniture and vehicles | 24 | €11,653 | €11,256 | -€398 | -3.4% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €179,425 | €185,836 | +€6,412 | +3.6% |
| Stocks and contracts in progress | 3 | €1,059 | €1,059 | = | 0.0% |
| Stocks | 30/36 | €1,059 | €1,059 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,707 | €7,748 | +€5,041 | +186% |
| Trade receivables | 40 | €326 | €237 | -€89 | -27.3% |
| Other amounts receivable | 41 | €2,381 | €7,511 | +€5,130 | +215% |
| Current investments | 50/53 | €91,708 | €95,273 | +€3,564 | +3.9% |
| Cash at bank and in hand | 54/58 | €81,321 | €81,757 | +€436 | +0.5% |
| Deferred charges and accrued income | 490/1 | €2,629 | €0 | -€2,629 | -100% |
| Total equity and liabilities | 10/49 | €486,982 | €482,744 | -€4,238 | -0.9% |
| Equity | 10/15 | €236,879 | €246,903 | +€10,024 | +4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,759 | €113,783 | +€10,024 | +9.7% |
| Distributable reserves | 133 | €103,759 | €113,783 | +€10,024 | +9.7% |
| Profit (loss) carried forward | 14 | €114,520 | €114,520 | = | 0.0% |
| Amounts payable | 17/49 | €250,103 | €235,841 | -€14,262 | -5.7% |
| Amounts payable after more than one year | 17 | €204,075 | €181,969 | -€22,106 | -10.8% |
| Financial debts | 170/4 | €204,075 | €181,969 | -€22,106 | -10.8% |
| Amounts payable within one year | 42/48 | €31,730 | €53,872 | +€22,141 | +69.8% |
| Current portion of amounts payable after more than one year | 42 | €21,561 | €22,499 | +€937 | +4.3% |
| Trade debts | 44 | €1,892 | €6,805 | +€4,913 | +260% |
| Suppliers | 440/4 | €1,892 | €6,805 | +€4,913 | +260% |
| Taxes, remuneration and social security | 45 | €8,277 | €13,532 | +€5,255 | +63.5% |
| Taxes | 450/3 | €6,034 | €9,657 | +€3,623 | +60.0% |
| Remuneration and social security | 454/9 | €2,243 | €3,875 | +€1,632 | +72.7% |
| Other amounts payable | 47/48 | - | €11,036 | +€11,036 | |
| Accrued charges and deferred income | 492/3 | €14,297 | €0 | -€14,297 | -100% |
| Remuneration, social security and pensions | 62 | €69,633 | €68,029 | -€1,604 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,591 | €14,072 | +€481 | +3.5% |
| Other operating charges | 640/8 | €762 | €10,114 | +€9,352 | +1,228% |
| Gross operating margin | 9900 | €122,202 | €120,329 | -€1,872 | -1.5% |
| Operating profit (loss) | 9901 | €38,216 | €28,114 | -€10,102 | -26.4% |
| Financial income | 75/76B | €8,133 | €7,665 | -€468 | -5.8% |
| Recurring financial income | 75 | €8,133 | €7,665 | -€468 | -5.8% |
| Financial charges | 65/66B | €16,196 | €14,748 | -€1,448 | -8.9% |
| Recurring financial charges | 65 | €16,196 | €14,748 | -€1,448 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €30,154 | €21,032 | -€9,122 | -30.3% |
| Income taxes | 67/77 | €8,633 | €11,008 | +€2,375 | +27.5% |
| Profit (loss) for the period | 9904 | €21,521 | €10,024 | -€11,497 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,521 | €10,024 | -€11,497 | -53.4% |
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 29 October 2026 via checked.be.