FRESH: 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.
FRESH
Largest movements
- Current assets -€6.7m
down €6.7m (-22.2%), from €30.1m to €23.4m
- Tangible fixed assets +€2.2m
new in 2020: €2.2m
- Debts -€4.5m
down €4.5m (-88.6%), from €5.0m to €571,526
- Depreciation +€60,189
new in 2020: €60,189
- Gross operating margin -€9,895
down €9,895 (-48.6%), from -€20,372 to -€30,268
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,511,590 | €27,057,245 | -€4.5m | -14.1% |
| Fixed assets | 21/28 | €1,397,000 | €3,632,291 | +€2.2m | +160.0% |
| Tangible fixed assets | 22/27 | - | €2,232,291 | +€2.2m | |
| Financial fixed assets | 28 | €1,397,000 | €1,400,000 | +€3,000 | +0.2% |
| Current assets | 29/58 | €30,114,590 | €23,424,954 | -€6.7m | -22.2% |
| Amounts receivable within one year | 40/41 | €417 | €27,400 | +€26,984 | +6478.6% |
| Cash at bank and in hand | 54/58 | €102,063 | €59,159 | -€42,904 | -42.0% |
| Total equity and liabilities | 10/49 | €31,511,590 | €27,057,245 | -€4.5m | -14.1% |
| Equity | 10/15 | €26,483,180 | €26,485,719 | +€2,539 | 0.0% |
| Contributions | 10/11 | €4,561,973 | €4,561,973 | = | 0.0% |
| Reserves | 13 | €456,198 | €456,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,465,009 | €21,467,547 | +€2,539 | 0.0% |
| Amounts payable | 17/49 | €5,028,410 | €571,526 | -€4.5m | -88.6% |
| Amounts payable within one year | 42/48 | €4,994,130 | €569,526 | -€4.4m | -88.6% |
| Trade debts | 44 | €5,065 | €3,581 | -€1,484 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €60,189 | +€60,189 | |
| Gross operating margin | 9900 | -€20,372 | -€30,268 | -€9,895 | -48.6% |
| Operating profit (loss) | 9901 | -€21,240 | -€93,732 | -€72,492 | -341.3% |
| Recurring financial income | 75 | €8,507 | €145,425 | +€136,918 | +1609.4% |
| Recurring financial charges | 65 | €61,549 | €49,154 | -€12,395 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €11,581,836 | €2,539 | -€11.6m | -100.0% |
| Profit (loss) for the period | 9904 | €11,581,836 | €2,539 | -€11.6m | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,581,836 | €2,539 | -€11.6m | -100.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.