FRESHEO: 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.
FRESHEO
Largest movements
- Cash -€239,742
down €239,742 (-68.7%), from €349,003 to €109,261
mainly Investment in fixed assets (net) (-€231,748) and Other debts (-€202,969)
- Receivables within one year +€117,654
up €117,654 (+57.5%), from €204,599 to €322,253
of which Other amounts receivable: +€78,446
- Financial fixed assets +€100,044
up €100,044 (+888.3%), from €11,263 to €111,307
- Tangible fixed assets -€65,747
down €65,747 (-5.4%), from €1.2m to €1.2m
of which Leasing and similar rights: -€116,716
- Current investments +€50,821
up €50,821 (+145.2%), from €35,000 to €85,821
- Other debts -€202,969
down €202,969 (-97.3%), from €208,550 to €5,581
- Trade debts +€113,172
up €113,172 (+65.7%), from €172,180 to €285,353
- Reserves +€50,821
up €50,821 (+145.2%), from €35,000 to €85,821
- Accrued charges and deferred income -€37,288
no longer reported in 2025 (was €37,288)
- Profit (loss) carried forward +€35,865
up €35,865 (+20.0%), from €179,721 to €215,585
- Gross operating margin -€75,822
down €75,822 (-7.2%), from €1.1m to €980,539
- Financial charges -€42,063
down €42,063 (-40.2%), from €104,641 to €62,577
- Write-downs -€36,578
down €36,578, from €14,888 to -€21,690
- Staff costs +€28,890
up €28,890 (+4.7%), from €608,870 to €637,760
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 | €2,375,602 | €2,357,735 | -€17,867 | -0.8% |
| Fixed assets | 21/28 | €1,625,597 | €1,682,334 | +€56,737 | +3.5% |
| Intangible fixed assets | 21 | €392,696 | €415,136 | +€22,440 | +5.7% |
| Tangible fixed assets | 22/27 | €1,221,638 | €1,155,891 | -€65,747 | -5.4% |
| Plant, machinery and equipment | 23 | €9,535 | €33,508 | +€23,973 | +251.4% |
| Furniture and vehicles | 24 | €6,569 | €33,565 | +€26,996 | +411.0% |
| Leasing and similar rights | 25 | €1,205,534 | €1,088,818 | -€116,716 | -9.7% |
| Financial fixed assets | 28 | €11,263 | €111,307 | +€100,044 | +888.3% |
| Current assets | 29/58 | €750,005 | €675,401 | -€74,604 | -9.9% |
| Stocks and contracts in progress | 3 | €69,720 | €69,719 | -€1 | 0.0% |
| Stocks | 30/36 | €69,720 | €69,719 | -€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €204,599 | €322,253 | +€117,654 | +57.5% |
| Trade receivables | 40 | €180,635 | €219,843 | +€39,209 | +21.7% |
| Other amounts receivable | 41 | €23,964 | €102,410 | +€78,446 | +327.3% |
| Current investments | 50/53 | €35,000 | €85,821 | +€50,821 | +145.2% |
| Cash at bank and in hand | 54/58 | €349,003 | €109,261 | -€239,742 | -68.7% |
| Deferred charges and accrued income | 490/1 | €91,684 | €88,347 | -€3,337 | -3.6% |
| Total equity and liabilities | 10/49 | €2,375,602 | €2,357,735 | -€17,867 | -0.8% |
| Equity | 10/15 | €738,321 | €825,006 | +€86,686 | +11.7% |
| Contributions | 10/11 | €523,600 | €523,600 | = | 0.0% |
| Reserves | 13 | €35,000 | €85,821 | +€50,821 | +145.2% |
| Non-distributable reserves | 130/1 | €35,000 | €85,821 | +€50,821 | +145.2% |
| Reserves not available under the articles | 1311 | - | €85,821 | +€85,821 | |
| Own shares acquired | 1312 | €35,000 | - | -€35,000 | |
| Profit (loss) carried forward | 14 | €179,721 | €215,585 | +€35,865 | +20.0% |
| Amounts payable | 17/49 | €1,637,281 | €1,532,728 | -€104,553 | -6.4% |
| Amounts payable after more than one year | 17 | €984,609 | €969,887 | -€14,722 | -1.5% |
| Financial debts | 170/4 | €984,609 | €969,887 | -€14,722 | -1.5% |
| Amounts payable within one year | 42/48 | €615,384 | €562,842 | -€52,543 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €121,971 | €145,446 | +€23,476 | +19.2% |
| Trade debts | 44 | €172,180 | €285,353 | +€113,172 | +65.7% |
| Suppliers | 440/4 | €172,180 | €285,353 | +€113,172 | +65.7% |
| Taxes, remuneration and social security | 45 | €112,684 | €126,462 | +€13,778 | +12.2% |
| Taxes | 450/3 | €40,819 | €74,554 | +€33,735 | +82.6% |
| Remuneration and social security | 454/9 | €71,865 | €51,908 | -€19,957 | -27.8% |
| Other amounts payable | 47/48 | €208,550 | €5,581 | -€202,969 | -97.3% |
| Accrued charges and deferred income | 492/3 | €37,288 | - | -€37,288 | |
| Non-recurring operating income | 76A | €2,627 | - | -€2,627 | |
| Remuneration, social security and pensions | 62 | €608,870 | €637,760 | +€28,890 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170,293 | €175,011 | +€4,718 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,888 | -€21,690 | -€36,578 | |
| Other operating charges | 640/8 | €5,990 | €6,415 | +€425 | +7.1% |
| Non-recurring operating charges | 66A | €2,075 | €1,409 | -€666 | -32.1% |
| Gross operating margin | 9900 | €1,056,360 | €980,539 | -€75,822 | -7.2% |
| Operating profit (loss) | 9901 | €254,245 | €181,634 | -€72,611 | -28.6% |
| Financial income | 75/76B | €2,202 | €7,671 | +€5,470 | +248.4% |
| Recurring financial income | 75 | €2,202 | €7,671 | +€5,470 | +248.4% |
| Financial charges | 65/66B | €104,641 | €62,577 | -€42,063 | -40.2% |
| Recurring financial charges | 65 | €104,641 | €62,577 | -€42,063 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €151,806 | €126,728 | -€25,078 | -16.5% |
| Income taxes | 67/77 | €36,446 | €40,042 | +€3,596 | +9.9% |
| Profit (loss) for the period | 9904 | €115,360 | €86,686 | -€28,674 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €115,360 | €86,686 | -€28,674 | -24.9% |
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 8 October 2026 via checked.be.