FRESCO BALDI: 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.
FRESCO BALDI
Largest movements
- Tangible fixed assets +€348,380
new in 2025: €348,380
- Financial fixed assets -€190,000
down €190,000 (-3.7%), from €5.1m to €4.9m
- Receivables within one year +€114,455
up €114,455 (+24.3%), from €470,957 to €585,412
of which Other amounts receivable: +€113,347
- Other debts +€210,000
up €210,000 (+739%), from €28,400 to €238,400
- Gross operating margin +€33,375
up €33,375 (+1,898%), from €1,758 to €35,134
- Financial charges +€33,353
up €33,353 (+11,030%), from €302 to €33,655
- Depreciation +€6,973
new in 2025: €6,973
- Taxes -€2,521
down €2,521 (-34.8%), from €7,247 to €4,726
- Financial income -€570
down €570 (-2.7%), from €21,360 to €20,790
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 | €5,646,575 | €5,889,730 | +€243,156 | +4.3% |
| Fixed assets | 21/28 | €5,069,000 | €5,227,380 | +€158,380 | +3.1% |
| Tangible fixed assets | 22/27 | - | €348,380 | +€348,380 | |
| Land and buildings | 22 | - | €348,380 | +€348,380 | |
| Financial fixed assets | 28 | €5,069,000 | €4,879,000 | -€190,000 | -3.7% |
| Current assets | 29/58 | €577,575 | €662,350 | +€84,776 | +14.7% |
| Amounts receivable within one year | 40/41 | €470,957 | €585,412 | +€114,455 | +24.3% |
| Trade receivables | 40 | €1,866 | €2,973 | +€1,108 | +59.4% |
| Other amounts receivable | 41 | €469,091 | €582,438 | +€113,347 | +24.2% |
| Cash at bank and in hand | 54/58 | €21,163 | €34,789 | +€13,626 | +64.4% |
| Deferred charges and accrued income | 490/1 | €85,455 | €42,150 | -€43,305 | -50.7% |
| Total equity and liabilities | 10/49 | €5,646,575 | €5,889,730 | +€243,156 | +4.3% |
| Equity | 10/15 | €5,612,754 | €5,622,197 | +€9,443 | +0.2% |
| Contributions | 10/11 | €2,838,600 | €2,838,600 | = | 0.0% |
| Reserves | 13 | €2,774,154 | €2,783,597 | +€9,443 | +0.3% |
| Non-distributable reserves | 130/1 | €70,342 | €70,342 | = | 0.0% |
| Reserves not available under the articles | 1311 | €70,342 | €70,342 | = | 0.0% |
| Distributable reserves | 133 | €2,703,812 | €2,713,255 | +€9,443 | +0.3% |
| Amounts payable | 17/49 | €33,821 | €267,533 | +€233,712 | +691% |
| Amounts payable within one year | 42/48 | €33,656 | €258,320 | +€224,664 | +668% |
| Trade debts | 44 | €0 | €333 | +€333 | |
| Suppliers | 440/4 | €0 | €333 | +€333 | |
| Taxes, remuneration and social security | 45 | €5,256 | €19,587 | +€14,331 | +273% |
| Taxes | 450/3 | €5,256 | €19,587 | +€14,331 | +273% |
| Other amounts payable | 47/48 | €28,400 | €238,400 | +€210,000 | +739% |
| Accrued charges and deferred income | 492/3 | €165 | €9,213 | +€9,049 | +5,495% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,973 | +€6,973 | |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €1,758 | €35,134 | +€33,375 | +1,898% |
| Operating profit (loss) | 9901 | €665 | €27,034 | +€26,369 | +3,966% |
| Financial income | 75/76B | €21,360 | €20,790 | -€570 | -2.7% |
| Recurring financial income | 75 | €21,360 | €20,790 | -€570 | -2.7% |
| Financial charges | 65/66B | €302 | €33,655 | +€33,353 | +11,030% |
| Recurring financial charges | 65 | €302 | €33,655 | +€33,353 | +11,030% |
| Profit (loss) for the period before taxes | 9903 | €21,723 | €14,169 | -€7,554 | -34.8% |
| Income taxes | 67/77 | €7,247 | €4,726 | -€2,521 | -34.8% |
| Profit (loss) for the period | 9904 | €14,476 | €9,443 | -€5,032 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,476 | €9,443 | -€5,032 | -34.8% |
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 14 October 2026 via checked.be.