FRESH CONCEPT: 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
FRESH CONCEPT
NACE 82.920, Office administrative, office support and other business support activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€361,872
2024 · €527,507-€165,635
Equity
€1.9m
2024 · €1.6m+€296,273
Cash
€2.1m
2024 · €2.3m-€194,596
Balance sheet total
€12.5m
2024 · €12.9m-€443,296
Largest movements
Assets
- Receivables within one year -€559,347
down €559,347 (-15.6%), from €3.6m to €3.0m
of which Trade receivables: -€467,648
- Stocks and contracts +€297,969
up €297,969 (+30.4%), from €981,567 to €1.3m
- Cash -€194,596
down €194,596 (-8.5%), from €2.3m to €2.1m
mainly Debts after one year (-€675,959) and Investment in fixed assets (net) (-€527,515)
Equity and liabilities
- Debts after one year -€675,959
down €675,959 (-18.5%), from €3.7m to €3.0m
- Profit (loss) carried forward +€267,872
up €267,872 (+19.5%), from €1.4m to €1.6m
- Trade debts -€245,281
down €245,281 (-4.0%), from €6.1m to €5.9m
Income statement
- Turnover +€1.6m
up €1.6m (+7.9%), from €20.6m to €22.2m
- Goods and materials +€1.2m
up €1.2m (+8.8%), from €13.9m to €15.1m
of which Purchases: +€1.4m
- Services and other goods +€631,259
up €631,259 (+18.2%), from €3.5m to €4.1m
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
€527,507
Turnover
+€1.6m
Other operating income
-€16,808
Goods and materials
-€1.2m
Services and other goods
-€631,259
Staff costs
-€40,946
Depreciation
-€22,946
Other operating charges
-€905
Other operating items
-€28,638
Financial income
+€80,959
Financial charges
-€38,627
Taxes
+€119,539
Result 2025
€361,872
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
+€1.1m
Investment
-€527,515
Financing
-€745,443
Cash 2024
€2.3m
From operations (derived)
+€1.1m
Net result for the year
+€361,872
Depreciation
+€508,412
Stocks and contracts
-€297,969
Receivables within one year
+€559,347
Deferred charges and accrued income
+€6,425
Trade debts
-€245,281
Tax, wage and social debts
+€68,981
Other debts
+€116,384
Accrued charges and deferred income
+€191
Investment (derived)
-€527,515
Investment in fixed assets (net)
-€527,515
Financing
-€745,443
Debts after one year
-€675,959
Current portion of long-term debt
-€3,885
Contributions, distributions and other
-€65,599
Cash 2025
€2.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,916,868 | €12,473,572 | -€443,296 | -3.4% |
| Fixed assets | 21/28 | €5,984,775 | €6,003,878 | +€19,103 | +0.3% |
| Intangible fixed assets | 21 | €43,779 | €39,554 | -€4,225 | -9.7% |
| Tangible fixed assets | 22/27 | €1,940,996 | €1,964,324 | +€23,328 | +1.2% |
| Land and buildings | 22 | €1,450,036 | €1,363,791 | -€86,245 | -5.9% |
| Plant, machinery and equipment | 23 | €482,633 | €600,157 | +€117,524 | +24.4% |
| Furniture and vehicles | 24 | €8,327 | €376 | -€7,951 | -95.5% |
| Financial fixed assets | 28 | €4,000,000 | €4,000,000 | = | 0.0% |
| Affiliated companies | 280/1 | €4,000,000 | €4,000,000 | = | 0.0% |
| Participating interests | 280 | €4,000,000 | €4,000,000 | = | 0.0% |
| Current assets | 29/58 | €6,932,093 | €6,469,694 | -€462,399 | -6.7% |
| Stocks and contracts in progress | 3 | €981,567 | €1,279,536 | +€297,969 | +30.4% |
| Stocks | 30/36 | €981,567 | €1,279,536 | +€297,969 | +30.4% |
| Raw materials and consumables | 30/31 | €523,313 | €756,761 | +€233,448 | +44.6% |
| Work in progress | 32 | €108,181 | €133,976 | +€25,795 | +23.8% |
| Goods purchased for resale | 34 | €350,073 | €388,799 | +€38,726 | +11.1% |
| Amounts receivable within one year | 40/41 | €3,581,657 | €3,022,310 | -€559,347 | -15.6% |
| Trade receivables | 40 | €3,380,998 | €2,913,350 | -€467,648 | -13.8% |
| Other amounts receivable | 41 | €200,659 | €108,960 | -€91,699 | -45.7% |
| Cash at bank and in hand | 54/58 | €2,295,093 | €2,100,497 | -€194,596 | -8.5% |
| Deferred charges and accrued income | 490/1 | €73,776 | €67,351 | -€6,425 | -8.7% |
| Total equity and liabilities | 10/49 | €12,916,868 | €12,473,572 | -€443,296 | -3.4% |
| Equity | 10/15 | €1,639,187 | €1,935,460 | +€296,273 | +18.1% |
| Contributions | 10/11 | €111,550 | €111,550 | = | 0.0% |
| Capital | 10 | €111,550 | €111,550 | = | 0.0% |
| Issued capital | 100 | €111,550 | €111,550 | = | 0.0% |
| Reserves | 13 | €63,014 | €63,014 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,155 | €11,155 | = | 0.0% |
| Legal reserve | 130 | €11,155 | €11,155 | = | 0.0% |
| Distributable reserves | 133 | €51,859 | €51,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,370,698 | €1,638,570 | +€267,872 | +19.5% |
| Investment grants | 15 | €93,925 | €122,326 | +€28,401 | +30.2% |
| Amounts payable | 17/49 | €11,277,681 | €10,538,112 | -€739,569 | -6.6% |
| Amounts payable after more than one year | 17 | €3,663,647 | €2,987,688 | -€675,959 | -18.5% |
| Financial debts | 170/4 | €3,663,647 | €2,987,688 | -€675,959 | -18.5% |
| Credit institutions | 173 | €3,246,564 | €2,635,605 | -€610,959 | -18.8% |
| Other loans | 174 | €417,083 | €352,083 | -€65,000 | -15.6% |
| Amounts payable within one year | 42/48 | €7,612,571 | €7,548,770 | -€63,801 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €679,844 | €675,959 | -€3,885 | -0.6% |
| Trade debts | 44 | €6,133,844 | €5,888,563 | -€245,281 | -4.0% |
| Suppliers | 440/4 | €6,133,844 | €5,888,563 | -€245,281 | -4.0% |
| Taxes, remuneration and social security | 45 | €383,883 | €452,864 | +€68,981 | +18.0% |
| Taxes | 450/3 | €120,593 | €73,831 | -€46,762 | -38.8% |
| Remuneration and social security | 454/9 | €263,290 | €379,033 | +€115,743 | +44.0% |
| Other amounts payable | 47/48 | €415,000 | €531,384 | +€116,384 | +28.0% |
| Accrued charges and deferred income | 492/3 | €1,463 | €1,654 | +€191 | +13.1% |
| Operating income | 70/76A | €20,665,060 | €22,251,779 | +€1.6m | +7.7% |
| Turnover | 70 | €20,607,488 | €22,239,382 | +€1.6m | +7.9% |
| Other operating income | 74 | €27,965 | €11,157 | -€16,808 | -60.1% |
| Non-recurring operating income | 76A | €29,607 | €1,240 | -€28,367 | -95.8% |
| Operating charges | 60/66A | €19,908,572 | €21,822,797 | +€1.9m | +9.6% |
| Goods for resale, raw materials and consumables | 60 | €13,884,008 | €15,101,906 | +€1.2m | +8.8% |
| Purchases | 600/8 | €13,936,524 | €15,367,552 | +€1.4m | +10.3% |
| Change in stocks: decrease (increase) | 609 | -€52,516 | -€265,646 | -€213,130 | -405.8% |
| Services and other goods | 61 | €3,463,375 | €4,094,634 | +€631,259 | +18.2% |
| Remuneration, social security and pensions | 62 | €2,042,906 | €2,083,852 | +€40,946 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €485,466 | €508,412 | +€22,946 | +4.7% |
| Other operating charges | 640/8 | €32,817 | €33,722 | +€905 | +2.8% |
| Non-recurring operating charges | 66A | - | €271 | +€271 | |
| Operating profit (loss) | 9901 | €756,488 | €428,982 | -€327,506 | -43.3% |
| Financial income | 75/76B | €53,127 | €134,086 | +€80,959 | +152.4% |
| Recurring financial income | 75 | €53,127 | €134,086 | +€80,959 | +152.4% |
| Income from current assets | 751 | €23,073 | €11,805 | -€11,268 | -48.8% |
| Other financial income | 752/9 | €30,054 | €122,281 | +€92,227 | +306.9% |
| Financial charges | 65/66B | €104,739 | €143,366 | +€38,627 | +36.9% |
| Recurring financial charges | 65 | €104,739 | €143,366 | +€38,627 | +36.9% |
| Debt charges | 650 | €94,904 | €132,630 | +€37,726 | +39.8% |
| Other financial charges | 652/9 | €9,835 | €10,736 | +€901 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €704,876 | €419,702 | -€285,174 | -40.5% |
| Income taxes | 67/77 | €177,369 | €57,830 | -€119,539 | -67.4% |
| Taxes | 670/3 | €177,369 | €58,231 | -€119,138 | -67.2% |
| Tax adjustments and reversals of tax provisions | 77 | - | €401 | +€401 | |
| Profit (loss) for the period | 9904 | €527,507 | €361,872 | -€165,635 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €527,507 | €361,872 | -€165,635 | -31.4% |
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 3 October 2026 via checked.be.