FRESHLINE: 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.
FRESHLINE
Largest movements
- Stocks and contracts +€40,021
up €40,021 (+11.6%), from €346,295 to €386,315
- Cash -€39,872
down €39,872 (-74.1%), from €53,788 to €13,916
mainly Net result for the year (-€88,697) and Stocks and contracts (-€40,021)
- Receivables within one year +€14,822
up €14,822 (+25.7%), from €57,711 to €72,532
of which Other amounts receivable: +€13,394
- Trade debts +€93,793
up €93,793 (+62.0%), from €151,172 to €244,965
- Profit (loss) carried forward -€88,697
down €88,697 (-39.1%), from €226,606 to €137,910
- Tax, wage and social debts +€9,153
up €9,153 (+22.5%), from €40,695 to €49,848
of which Remuneration and social security: +€10,411
- Gross operating margin -€89,554
down €89,554 (-26.7%), from €335,719 to €246,165
- Staff costs +€37,449
up €37,449 (+12.9%), from €289,294 to €326,742
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 | €466,152 | €480,401 | +€14,249 | +3.1% |
| Fixed assets | 21/28 | €8,358 | €7,637 | -€721 | -8.6% |
| Tangible fixed assets | 22/27 | €2,258 | €1,537 | -€721 | -31.9% |
| Plant, machinery and equipment | 23 | €1,954 | €1,288 | -€666 | -34.1% |
| Furniture and vehicles | 24 | €304 | €248 | -€55 | -18.1% |
| Financial fixed assets | 28 | €6,100 | €6,100 | = | 0.0% |
| Current assets | 29/58 | €457,794 | €472,764 | +€14,970 | +3.3% |
| Stocks and contracts in progress | 3 | €346,295 | €386,315 | +€40,021 | +11.6% |
| Stocks | 30/36 | €346,295 | €386,315 | +€40,021 | +11.6% |
| Amounts receivable within one year | 40/41 | €57,711 | €72,532 | +€14,822 | +25.7% |
| Trade receivables | 40 | €15,112 | €16,540 | +€1,428 | +9.4% |
| Other amounts receivable | 41 | €42,598 | €55,992 | +€13,394 | +31.4% |
| Cash at bank and in hand | 54/58 | €53,788 | €13,916 | -€39,872 | -74.1% |
| Total equity and liabilities | 10/49 | €466,152 | €480,401 | +€14,249 | +3.1% |
| Equity | 10/15 | €234,666 | €145,970 | -€88,697 | -37.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €226,606 | €137,910 | -€88,697 | -39.1% |
| Amounts payable | 17/49 | €231,486 | €334,431 | +€102,945 | +44.5% |
| Amounts payable after more than one year | 17 | €39,618 | €39,618 | = | 0.0% |
| Other amounts payable | 178/9 | €39,618 | €39,618 | = | 0.0% |
| Amounts payable within one year | 42/48 | €191,867 | €294,813 | +€102,945 | +53.7% |
| Trade debts | 44 | €151,172 | €244,965 | +€93,793 | +62.0% |
| Suppliers | 440/4 | €151,172 | €244,965 | +€93,793 | +62.0% |
| Taxes, remuneration and social security | 45 | €40,695 | €49,848 | +€9,153 | +22.5% |
| Taxes | 450/3 | €1,258 | - | -€1,258 | |
| Remuneration and social security | 454/9 | €39,437 | €49,848 | +€10,411 | +26.4% |
| Remuneration, social security and pensions | 62 | €289,294 | €326,742 | +€37,449 | +12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,041 | €721 | -€320 | -30.7% |
| Other operating charges | 640/8 | €866 | €890 | +€24 | +2.8% |
| Gross operating margin | 9900 | €335,719 | €246,165 | -€89,554 | -26.7% |
| Operating profit (loss) | 9901 | €44,518 | -€82,189 | -€126,707 | |
| Financial income | 75/76B | €149 | €62 | -€86 | -58.0% |
| Recurring financial income | 75 | €149 | €62 | -€86 | -58.0% |
| Financial charges | 65/66B | €4,316 | €2,570 | -€1,745 | -40.4% |
| Recurring financial charges | 65 | €4,316 | €2,570 | -€1,745 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €40,351 | -€84,697 | -€125,048 | |
| Income taxes | 67/77 | €6,298 | €4,000 | -€2,298 | -36.5% |
| Profit (loss) for the period | 9904 | €34,053 | -€88,697 | -€122,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,053 | -€88,697 | -€122,750 |
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 30 September 2026 via checked.be.