FRESH2B: 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.
FRESH2B
Largest movements
- Cash +€47,593
up €47,593 (+61.2%), from €77,773 to €125,366
mainly Net result for the year (+€59,580) and Receivables within one year (+€45,388)
- Receivables within one year -€45,388
down €45,388 (-5.8%), from €786,425 to €741,037
of which Trade receivables: -€50,085
- Reserves +€59,580
up €59,580 (+12.1%), from €491,861 to €551,441
of which Distributable reserves: +€59,580
- Trade debts -€20,072
down €20,072 (-4.3%), from €462,347 to €442,275
- Gross operating margin -€51,124
down €51,124 (-22.8%), from €223,773 to €172,649
- Taxes -€17,507
down €17,507 (-39.4%), from €44,418 to €26,912
- Staff costs +€10,888
up €10,888 (+16.7%), from €65,332 to €76,220
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 | €1,173,803 | €1,180,547 | +€6,744 | +0.6% |
| Fixed assets | 21/28 | €266,457 | €268,113 | +€1,657 | +0.6% |
| Tangible fixed assets | 22/27 | €266,322 | €267,978 | +€1,657 | +0.6% |
| Land and buildings | 22 | €258,720 | €258,720 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,606 | €244 | -€4,362 | -94.7% |
| Furniture and vehicles | 24 | €2,996 | €9,015 | +€6,019 | +200.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €907,346 | €912,434 | +€5,088 | +0.6% |
| Stocks and contracts in progress | 3 | €23,028 | €33,236 | +€10,208 | +44.3% |
| Stocks | 30/36 | €23,028 | €33,236 | +€10,208 | +44.3% |
| Amounts receivable within one year | 40/41 | €786,425 | €741,037 | -€45,388 | -5.8% |
| Trade receivables | 40 | €716,103 | €666,018 | -€50,085 | -7.0% |
| Other amounts receivable | 41 | €70,322 | €75,019 | +€4,697 | +6.7% |
| Cash at bank and in hand | 54/58 | €77,773 | €125,366 | +€47,593 | +61.2% |
| Deferred charges and accrued income | 490/1 | €20,120 | €12,794 | -€7,326 | -36.4% |
| Total equity and liabilities | 10/49 | €1,173,803 | €1,180,547 | +€6,744 | +0.6% |
| Equity | 10/15 | €531,861 | €591,441 | +€59,580 | +11.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €491,861 | €551,441 | +€59,580 | +12.1% |
| Tax-exempt reserves | 132 | €54,500 | €54,500 | = | 0.0% |
| Distributable reserves | 133 | €437,361 | €496,941 | +€59,580 | +13.6% |
| Amounts payable | 17/49 | €641,941 | €589,105 | -€52,836 | -8.2% |
| Amounts payable after more than one year | 17 | €110,000 | €100,000 | -€10,000 | -9.1% |
| Financial debts | 170/4 | €110,000 | €100,000 | -€10,000 | -9.1% |
| Amounts payable within one year | 42/48 | €513,039 | €472,882 | -€40,157 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Trade debts | 44 | €462,347 | €442,275 | -€20,072 | -4.3% |
| Suppliers | 440/4 | €462,347 | €442,275 | -€20,072 | -4.3% |
| Taxes, remuneration and social security | 45 | €17,715 | €18,425 | +€710 | +4.0% |
| Taxes | 450/3 | €15,218 | €11,098 | -€4,120 | -27.1% |
| Remuneration and social security | 454/9 | €2,497 | €7,327 | +€4,830 | +193.5% |
| Other amounts payable | 47/48 | €12,977 | €2,181 | -€10,796 | -83.2% |
| Accrued charges and deferred income | 492/3 | €18,903 | €16,224 | -€2,679 | -14.2% |
| Remuneration, social security and pensions | 62 | €65,332 | €76,220 | +€10,888 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,085 | €6,343 | -€741 | -10.5% |
| Other operating charges | 640/8 | €1,108 | €1,385 | +€276 | +24.9% |
| Gross operating margin | 9900 | €223,773 | €172,649 | -€51,124 | -22.8% |
| Operating profit (loss) | 9901 | €150,247 | €88,701 | -€61,547 | -41.0% |
| Financial income | 75/76B | €3 | €322 | +€320 | +11454.1% |
| Recurring financial income | 75 | €3 | €322 | +€320 | +11454.1% |
| Financial charges | 65/66B | €3,734 | €2,531 | -€1,202 | -32.2% |
| Recurring financial charges | 65 | €3,734 | €2,531 | -€1,202 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €146,517 | €86,492 | -€60,025 | -41.0% |
| Income taxes | 67/77 | €44,418 | €26,912 | -€17,507 | -39.4% |
| Profit (loss) for the period | 9904 | €102,098 | €59,580 | -€42,518 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €102,098 | €59,580 | -€42,518 | -41.6% |
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 9 October 2026 via checked.be.