Fresch Consult: 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.
Fresch Consult
Largest movements
- Financial fixed assets +€175,000
new in 2025: €175,000
- Cash -€47,547
down €47,547 (-58.3%), from €81,591 to €34,044
mainly Investment in fixed assets (net) (-€175,000) and Receivables within one year (-€8,186)
- Receivables within one year +€8,186
up €8,186 (+49.5%), from €16,543 to €24,729
of which Other amounts receivable: +€7,888
- Debts after one year +€65,000
new in 2025: €65,000
- Current portion of long-term debt +€46,063
new in 2025: €46,063
- Profit (loss) carried forward +€26,828
up €26,828 (+32.7%), from €82,058 to €108,886
- Gross operating margin -€9,224
down €9,224 (-18.5%), from €49,829 to €40,604
- Financial charges +€1,101
up €1,101 (+7627.6%), from €14 to €1,116
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 | €101,111 | €236,685 | +€135,574 | +134.1% |
| Fixed assets | 21/28 | €1,610 | €175,724 | +€174,115 | +10816.9% |
| Tangible fixed assets | 22/27 | €1,610 | €724 | -€886 | -55.0% |
| Furniture and vehicles | 24 | €1,610 | €724 | -€886 | -55.0% |
| Financial fixed assets | 28 | - | €175,000 | +€175,000 | |
| Current assets | 29/58 | €99,501 | €60,961 | -€38,540 | -38.7% |
| Amounts receivable within one year | 40/41 | €16,543 | €24,729 | +€8,186 | +49.5% |
| Trade receivables | 40 | €14,243 | €14,541 | +€298 | +2.1% |
| Other amounts receivable | 41 | €2,300 | €10,188 | +€7,888 | +342.9% |
| Cash at bank and in hand | 54/58 | €81,591 | €34,044 | -€47,547 | -58.3% |
| Deferred charges and accrued income | 490/1 | €1,367 | €2,188 | +€820 | +60.0% |
| Total equity and liabilities | 10/49 | €101,111 | €236,685 | +€135,574 | +134.1% |
| Equity | 10/15 | €83,058 | €109,886 | +€26,828 | +32.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,058 | €108,886 | +€26,828 | +32.7% |
| Amounts payable | 17/49 | €18,053 | €126,799 | +€108,746 | +602.4% |
| Amounts payable after more than one year | 17 | - | €65,000 | +€65,000 | |
| Financial debts | 170/4 | - | €65,000 | +€65,000 | |
| Amounts payable within one year | 42/48 | €18,053 | €61,799 | +€43,746 | +242.3% |
| Current portion of amounts payable after more than one year | 42 | - | €46,063 | +€46,063 | |
| Trade debts | 44 | €1,810 | €658 | -€1,152 | -63.6% |
| Suppliers | 440/4 | €1,810 | €658 | -€1,152 | -63.6% |
| Taxes, remuneration and social security | 45 | €15,528 | €15,078 | -€449 | -2.9% |
| Taxes | 450/3 | €15,528 | €15,078 | -€449 | -2.9% |
| Other amounts payable | 47/48 | €716 | - | -€716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €886 | €886 | = | 0.0% |
| Other operating charges | 640/8 | €1,257 | €1,561 | +€304 | +24.2% |
| Gross operating margin | 9900 | €49,829 | €40,604 | -€9,224 | -18.5% |
| Operating profit (loss) | 9901 | €47,687 | €38,158 | -€9,529 | -20.0% |
| Financial income | 75/76B | €178 | €392 | +€214 | +120.5% |
| Recurring financial income | 75 | €178 | €392 | +€214 | +120.5% |
| Financial charges | 65/66B | €14 | €1,116 | +€1,101 | +7627.6% |
| Recurring financial charges | 65 | €14 | €1,116 | +€1,101 | +7627.6% |
| Profit (loss) for the period before taxes | 9903 | €47,850 | €37,434 | -€10,416 | -21.8% |
| Income taxes | 67/77 | €10,722 | €10,606 | -€116 | -1.1% |
| Profit (loss) for the period | 9904 | €37,128 | €26,828 | -€10,300 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,128 | €26,828 | -€10,300 | -27.7% |
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.