FRESH TRAY: 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.
FRESH TRAY
Largest movements
- Receivables after one year +€51,970
new in 2025: €51,970
- Cash -€35,444
down €35,444 (-96.5%), from €36,741 to €1,297
mainly Receivables after one year (-€51,970) and Deferred charges and accrued income (-€34,932)
- Deferred charges and accrued income +€34,932
up €34,932 (+1,428%), from €2,446 to €37,379
- Tangible fixed assets -€16,675
down €16,675 (-11.9%), from €140,321 to €123,646
- Intangible fixed assets -€11,203
down €11,203 (-18.1%), from €61,917 to €50,714
- Current portion of long-term debt +€23,897
up €23,897 (+167%), from €14,347 to €38,243
- Debts after one year -€22,370
down €22,370 (-19.9%), from €112,286 to €89,916
- Trade debts +€8,061
up €8,061 (+124%), from €6,479 to €14,540
- Short-term financial debts +€5,228
up €5,228 (+48.9%), from €10,684 to €15,913
of which Credit institutions: +€5,578
- Gross operating margin -€67,982
down €67,982 (-48.2%), from €141,170 to €73,188
- Depreciation +€2,771
up €2,771 (+4.7%), from €59,362 to €62,133
- Financial charges +€2,314
up €2,314 (+33.3%), from €6,953 to €9,267
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 | €286,443 | €305,166 | +€18,723 | +6.5% |
| Formation expenses | 20 | €1,253 | €679 | -€575 | -45.9% |
| Fixed assets | 21/28 | €202,239 | €174,360 | -€27,878 | -13.8% |
| Intangible fixed assets | 21 | €61,917 | €50,714 | -€11,203 | -18.1% |
| Tangible fixed assets | 22/27 | €140,321 | €123,646 | -€16,675 | -11.9% |
| Plant, machinery and equipment | 23 | €102,334 | €94,150 | -€8,184 | -8.0% |
| Furniture and vehicles | 24 | €1,947 | €1,127 | -€821 | -42.1% |
| Leasing and similar rights | 25 | €36,040 | €28,370 | -€7,670 | -21.3% |
| Current assets | 29/58 | €82,951 | €130,127 | +€47,176 | +56.9% |
| Amounts receivable after more than one year | 29 | - | €51,970 | +€51,970 | |
| Other amounts receivable | 291 | - | €51,970 | +€51,970 | |
| Stocks and contracts in progress | 3 | €11,507 | €8,044 | -€3,462 | -30.1% |
| Stocks | 30/36 | €11,507 | €8,044 | -€3,462 | -30.1% |
| Amounts receivable within one year | 40/41 | €32,257 | €31,437 | -€820 | -2.5% |
| Trade receivables | 40 | €24,782 | €31,437 | +€6,655 | +26.9% |
| Other amounts receivable | 41 | €7,475 | - | -€7,475 | |
| Cash at bank and in hand | 54/58 | €36,741 | €1,297 | -€35,444 | -96.5% |
| Deferred charges and accrued income | 490/1 | €2,446 | €37,379 | +€34,932 | +1,428% |
| Total equity and liabilities | 10/49 | €286,443 | €305,166 | +€18,723 | +6.5% |
| Equity | 10/15 | €115,754 | €118,403 | +€2,648 | +2.3% |
| Contributions | 10/11 | €102,500 | €102,500 | = | 0.0% |
| Reserves | 13 | €13,254 | €13,254 | = | 0.0% |
| Distributable reserves | 133 | €13,254 | €13,254 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €2,648 | +€2,648 | |
| Amounts payable | 17/49 | €170,689 | €186,763 | +€16,075 | +9.4% |
| Amounts payable after more than one year | 17 | €112,286 | €89,916 | -€22,370 | -19.9% |
| Financial debts | 170/4 | €112,286 | €89,916 | -€22,370 | -19.9% |
| Amounts payable within one year | 42/48 | €58,403 | €96,848 | +€38,445 | +65.8% |
| Current portion of amounts payable after more than one year | 42 | €14,347 | €38,243 | +€23,897 | +167% |
| Financial debts | 43 | €10,684 | €15,913 | +€5,228 | +48.9% |
| Credit institutions | 430/8 | €10,335 | €15,913 | +€5,578 | +54.0% |
| Other loans | 439 | €350 | - | -€350 | |
| Trade debts | 44 | €6,479 | €14,540 | +€8,061 | +124% |
| Suppliers | 440/4 | €6,479 | €14,540 | +€8,061 | +124% |
| Taxes, remuneration and social security | 45 | €26,893 | €28,152 | +€1,259 | +4.7% |
| Taxes | 450/3 | €26,893 | €28,152 | +€1,259 | +4.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €112,245 | - | -€112,245 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,362 | €62,133 | +€2,771 | +4.7% |
| Other operating charges | 640/8 | €1,107 | €411 | -€697 | -62.9% |
| Non-recurring operating charges | 66A | €70,670 | - | -€70,670 | |
| Gross operating margin | 9900 | €141,170 | €73,188 | -€67,982 | -48.2% |
| Operating profit (loss) | 9901 | €10,030 | €10,645 | +€614 | +6.1% |
| Financial income | 75/76B | €5 | €1,271 | +€1,266 | +25,313% |
| Recurring financial income | 75 | €5 | €1,271 | +€1,266 | +25,313% |
| Financial charges | 65/66B | €6,953 | €9,267 | +€2,314 | +33.3% |
| Recurring financial charges | 65 | €6,953 | €9,267 | +€2,314 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €3,082 | €2,648 | -€434 | -14.1% |
| Income taxes | 67/77 | €780 | - | -€780 | |
| Profit (loss) for the period | 9904 | €2,302 | €2,648 | +€346 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,302 | €2,648 | +€346 | +15.0% |
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 15 October 2026 via checked.be.