FRESALCO: 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.
FRESALCO
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€75,117
up €75,117 (+121.8%), from €61,675 to €136,792
mainly Net result for the year (+€163,607) and Current investments (+€100,000)
- Receivables within one year -€3,261
down €3,261 (-11.9%), from €27,464 to €24,203
of which Other amounts receivable: -€3,913
- Other debts -€23,150
down €23,150 (-14.3%), from €161,700 to €138,550
- Tax, wage and social debts -€3,817
down €3,817 (-30.3%), from €12,579 to €8,762
No income-statement line moved by more than 1% of the activity.
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 | €197,341 | €169,858 | -€27,483 | -13.9% |
| Fixed assets | 21/28 | €220 | €2,056 | +€1,836 | +834.4% |
| Tangible fixed assets | 22/27 | - | €1,836 | +€1,836 | |
| Furniture and vehicles | 24 | - | €1,836 | +€1,836 | |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €197,121 | €167,802 | -€29,319 | -14.9% |
| Amounts receivable within one year | 40/41 | €27,464 | €24,203 | -€3,261 | -11.9% |
| Trade receivables | 40 | €22,548 | €23,200 | +€652 | +2.9% |
| Other amounts receivable | 41 | €4,916 | €1,003 | -€3,913 | -79.6% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €61,675 | €136,792 | +€75,117 | +121.8% |
| Deferred charges and accrued income | 490/1 | €7,982 | €6,807 | -€1,175 | -14.7% |
| Total equity and liabilities | 10/49 | €197,341 | €169,858 | -€27,483 | -13.9% |
| Equity | 10/15 | €20,496 | €21,103 | +€607 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36 | €643 | +€607 | +1665.1% |
| Amounts payable | 17/49 | €176,845 | €148,755 | -€28,090 | -15.9% |
| Amounts payable within one year | 42/48 | €176,684 | €148,729 | -€27,956 | -15.8% |
| Trade debts | 44 | €2,405 | €1,417 | -€988 | -41.1% |
| Suppliers | 440/4 | €2,405 | €1,417 | -€988 | -41.1% |
| Taxes, remuneration and social security | 45 | €12,579 | €8,762 | -€3,817 | -30.3% |
| Taxes | 450/3 | €12,579 | €8,762 | -€3,817 | -30.3% |
| Other amounts payable | 47/48 | €161,700 | €138,550 | -€23,150 | -14.3% |
| Accrued charges and deferred income | 492/3 | €160 | €26 | -€134 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €543 | +€543 | |
| Other operating charges | 640/8 | €1,741 | €529 | -€1,211 | -69.6% |
| Gross operating margin | 9900 | €215,457 | €216,544 | +€1,087 | +0.5% |
| Operating profit (loss) | 9901 | €213,716 | €215,472 | +€1,756 | +0.8% |
| Financial income | 75/76B | €1,257 | €1,872 | +€615 | +48.9% |
| Recurring financial income | 75 | €1,257 | €1,872 | +€615 | +48.9% |
| Financial charges | 65/66B | €3,212 | €2,663 | -€549 | -17.1% |
| Recurring financial charges | 65 | €3,212 | €2,663 | -€549 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €211,762 | €214,681 | +€2,920 | +1.4% |
| Income taxes | 67/77 | €50,093 | €51,074 | +€982 | +2.0% |
| Profit (loss) for the period | 9904 | €161,669 | €163,607 | +€1,938 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €161,669 | €163,607 | +€1,938 | +1.2% |
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 8 October 2026 via checked.be.