FRESH -START: 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 -START
Largest movements
- Cash +€83,480
up €83,480 (+110.6%), from €75,494 to €158,974
mainly Net result for the year (+€115,661) and Other debts (+€58,860)
- Receivables within one year +€18,155
up €18,155 (+145.4%), from €12,490 to €30,645
of which Other amounts receivable: +€18,855
- Tangible fixed assets +€17,141
up €17,141 (+133.3%), from €12,855 to €29,996
of which Furniture and vehicles: +€15,221
- Profit (loss) carried forward +€64,872
no longer reported in 2025 (was -€64,872)
- Other debts +€58,860
new in 2025: €58,860
- Reserves -€8,070
down €8,070 (-5.2%), from €156,120 to €148,050
of which Distributable reserves: -€6,210
- Gross operating margin +€172,038
up €172,038, from -€13,010 to €159,028
- Taxes +€36,956
up €36,956 (+27680.5%), from €134 to €37,090
- Depreciation +€3,872
up €3,872 (+243.1%), from €1,592 to €5,464
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 | €106,427 | €224,473 | +€118,046 | +110.9% |
| Fixed assets | 21/28 | €12,855 | €29,996 | +€17,141 | +133.3% |
| Tangible fixed assets | 22/27 | €12,855 | €29,996 | +€17,141 | +133.3% |
| Plant, machinery and equipment | 23 | €958 | €2,878 | +€1,921 | +200.5% |
| Furniture and vehicles | 24 | €2,764 | €17,985 | +€15,221 | +550.6% |
| Other tangible fixed assets | 26 | €9,133 | €9,133 | = | 0.0% |
| Current assets | 29/58 | €93,572 | €194,476 | +€100,904 | +107.8% |
| Amounts receivable within one year | 40/41 | €12,490 | €30,645 | +€18,155 | +145.4% |
| Trade receivables | 40 | €700 | - | -€700 | |
| Other amounts receivable | 41 | €11,790 | €30,645 | +€18,855 | +159.9% |
| Cash at bank and in hand | 54/58 | €75,494 | €158,974 | +€83,480 | +110.6% |
| Deferred charges and accrued income | 490/1 | €5,588 | €4,857 | -€731 | -13.1% |
| Total equity and liabilities | 10/49 | €106,427 | €224,473 | +€118,046 | +110.9% |
| Equity | 10/15 | €103,648 | €160,450 | +€56,801 | +54.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €156,120 | €148,050 | -€8,070 | -5.2% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €154,260 | €148,050 | -€6,210 | -4.0% |
| Profit (loss) carried forward | 14 | -€64,872 | - | +€64,872 | |
| Amounts payable | 17/49 | €2,779 | €64,023 | +€61,244 | +2204.2% |
| Amounts payable within one year | 42/48 | €2,779 | €64,023 | +€61,244 | +2204.2% |
| Trade debts | 44 | €779 | €1,073 | +€295 | +37.8% |
| Suppliers | 440/4 | €779 | €1,073 | +€295 | +37.8% |
| Taxes, remuneration and social security | 45 | €2,000 | €4,090 | +€2,090 | +104.5% |
| Taxes | 450/3 | €2,000 | €4,090 | +€2,090 | +104.5% |
| Other amounts payable | 47/48 | - | €58,860 | +€58,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,592 | €5,464 | +€3,872 | +243.1% |
| Other operating charges | 640/8 | €1,176 | €1,155 | -€21 | -1.8% |
| Gross operating margin | 9900 | -€13,010 | €159,028 | +€172,038 | |
| Operating profit (loss) | 9901 | -€15,778 | €152,409 | +€168,187 | |
| Financial income | 75/76B | €162 | €517 | +€355 | +219.5% |
| Recurring financial income | 75 | €162 | €517 | +€355 | +219.5% |
| Financial charges | 65/66B | €138 | €175 | +€36 | +26.2% |
| Recurring financial charges | 65 | €138 | €175 | +€36 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,755 | €152,751 | +€168,506 | |
| Income taxes | 67/77 | €134 | €37,090 | +€36,956 | +27680.5% |
| Profit (loss) for the period | 9904 | -€15,888 | €115,661 | +€131,549 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,888 | €115,661 | +€131,549 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.