FRESAL: 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.
What changed
FRESAL
NACE 09.900, Mining support service activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€400,074
2024 · €408,967-€8,893
Equity
€6.9m
2024 · €6.5m+€400,074
Cash
€1.3m
2024 · €879,211+€413,049
Balance sheet total
€7.1m
2024 · €6.7m+€422,976
Largest movements
Assets
- Cash +€413,049
up €413,049 (+47.0%), from €879,211 to €1.3m
mainly Net result for the year (+€400,074) and Depreciation (+€144,110)
- Receivables within one year -€94,855
down €94,855 (-26.7%), from €355,266 to €260,411
of which Trade receivables: -€107,631
- Tangible fixed assets +€81,121
up €81,121 (+1.5%), from €5.2m to €5.3m
of which Land and buildings: +€101,964
Equity and liabilities
- Profit (loss) carried forward +€310,108
up €310,108 (+5.4%), from €5.7m to €6.1m
- Reserves +€89,965
up €89,965 (+14.4%), from €624,000 to €713,965
of which Tax-exempt reserves: +€89,965
Income statement
- Taxes -€71,988
down €71,988 (-50.7%), from €141,952 to €69,964
- Gross operating margin -€51,380
down €51,380 (-5.7%), from €899,815 to €848,435
- Depreciation +€20,902
up €20,902 (+17.0%), from €123,209 to €144,110
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.
Result 2024
€408,967
Gross operating margin
-€51,380
Staff costs
+€4,278
Depreciation
-€20,902
Other operating charges
+€8,125
Other operating items
+€38,115
Financial income
+€6,031
Financial charges
+€440
Taxes
+€71,988
Deferred taxes and other
-€65,588
Result 2025
€400,074
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.
From operations
+€666,824
Investment
-€223,775
Financing
-€30,000
Cash 2024
€879,211
From operations (derived)
+€666,824
Net result for the year
+€400,074
Depreciation
+€144,110
Stocks and contracts
-€26,949
Receivables within one year
+€94,855
Deferred charges and accrued income
+€1,831
Provisions
+€65,588
Trade debts
+€63,756
Tax, wage and social debts
-€65,573
Other debts
+€13
Accrued charges and deferred income
-€10,882
Investment (derived)
-€223,775
Investment in fixed assets (net)
-€223,481
Current investments
-€294
Financing
-€30,000
Current portion of long-term debt
-€30,000
Cash 2025
€1.3m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,674,345 | €7,097,321 | +€422,976 | +6.3% |
| Fixed assets | 21/28 | €5,252,055 | €5,331,426 | +€79,371 | +1.5% |
| Intangible fixed assets | 21 | €4,545 | €2,795 | -€1,750 | -38.5% |
| Tangible fixed assets | 22/27 | €5,247,510 | €5,328,631 | +€81,121 | +1.5% |
| Land and buildings | 22 | €5,133,531 | €5,235,495 | +€101,964 | +2.0% |
| Plant, machinery and equipment | 23 | €68,991 | €64,283 | -€4,708 | -6.8% |
| Furniture and vehicles | 24 | €44,988 | €28,853 | -€16,135 | -35.9% |
| Current assets | 29/58 | €1,422,289 | €1,765,895 | +€343,605 | +24.2% |
| Stocks and contracts in progress | 3 | €88,413 | €115,362 | +€26,949 | +30.5% |
| Stocks | 30/36 | €88,413 | €115,362 | +€26,949 | +30.5% |
| Amounts receivable within one year | 40/41 | €355,266 | €260,411 | -€94,855 | -26.7% |
| Trade receivables | 40 | €355,266 | €247,635 | -€107,631 | -30.3% |
| Other amounts receivable | 41 | €0 | €12,776 | +€12,776 | |
| Current investments | 50/53 | €55,946 | €56,240 | +€294 | +0.5% |
| Cash at bank and in hand | 54/58 | €879,211 | €1,292,260 | +€413,049 | +47.0% |
| Deferred charges and accrued income | 490/1 | €43,453 | €41,622 | -€1,831 | -4.2% |
| Total equity and liabilities | 10/49 | €6,674,345 | €7,097,321 | +€422,976 | +6.3% |
| Equity | 10/15 | €6,493,627 | €6,893,701 | +€400,074 | +6.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €624,000 | €713,965 | +€89,965 | +14.4% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €612,000 | €701,965 | +€89,965 | +14.7% |
| Profit (loss) carried forward | 14 | €5,749,627 | €6,059,736 | +€310,108 | +5.4% |
| Provisions and deferred taxes | 16 | - | €65,588 | +€65,588 | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Other liabilities and charges | 164/5 | - | €0 | = | |
| Deferred taxes | 168 | - | €65,588 | +€65,588 | |
| Amounts payable | 17/49 | €180,718 | €138,032 | -€42,686 | -23.6% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €157,896 | €126,092 | -€31,804 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €0 | -€30,000 | -100.0% |
| Trade debts | 44 | €50,638 | €114,394 | +€63,756 | +125.9% |
| Suppliers | 440/4 | €50,638 | €114,394 | +€63,756 | +125.9% |
| Taxes, remuneration and social security | 45 | €77,229 | €11,656 | -€65,573 | -84.9% |
| Taxes | 450/3 | €66,264 | €860 | -€65,404 | -98.7% |
| Remuneration and social security | 454/9 | €10,965 | €10,796 | -€169 | -1.5% |
| Other amounts payable | 47/48 | €28 | €41 | +€13 | +46.5% |
| Accrued charges and deferred income | 492/3 | €22,822 | €11,940 | -€10,882 | -47.7% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €136,783 | €132,505 | -€4,278 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,209 | €144,110 | +€20,902 | +17.0% |
| Other operating charges | 640/8 | €20,743 | €12,619 | -€8,125 | -39.2% |
| Non-recurring operating charges | 66A | €75,615 | €37,500 | -€38,115 | -50.4% |
| Gross operating margin | 9900 | €899,815 | €848,435 | -€51,380 | -5.7% |
| Operating profit (loss) | 9901 | €543,465 | €521,701 | -€21,764 | -4.0% |
| Financial income | 75/76B | €8,280 | €14,311 | +€6,031 | +72.8% |
| Recurring financial income | 75 | €8,280 | €14,311 | +€6,031 | +72.8% |
| Financial charges | 65/66B | €826 | €386 | -€440 | -53.3% |
| Recurring financial charges | 65 | €826 | €386 | -€440 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €550,918 | €535,626 | -€15,292 | -2.8% |
| Transfer from deferred taxes | 780 | - | €3,363 | +€3,363 | |
| Transfer to deferred taxes | 680 | - | €68,951 | +€68,951 | |
| Income taxes | 67/77 | €141,952 | €69,964 | -€71,988 | -50.7% |
| Profit (loss) for the period | 9904 | €408,967 | €400,074 | -€8,893 | -2.2% |
| Transfer from tax-exempt reserves | 789 | €106,800 | €243,188 | +€136,388 | +127.7% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €333,153 | +€206,853 | +163.8% |
| Profit (loss) for the period to be appropriated | 9905 | €389,467 | €310,108 | -€79,358 | -20.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.