Freshmade ANT: 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.
Freshmade ANT
Largest movements
- Receivables within one year -€156,916
down €156,916 (-87.2%), from €180,025 to €23,109
of which Other amounts receivable: -€146,916
- Cash +€35,193
up €35,193 (+39.1%), from €90,094 to €125,287
mainly Receivables within one year (+€156,916) and Net result for the year (+€31,993)
- Tangible fixed assets -€14,708
down €14,708 (-19.1%), from €76,971 to €62,263
of which Plant, machinery and equipment: -€12,874
- Other debts -€185,000
no longer reported in 2025 (was €185,000)
- Profit (loss) carried forward +€31,993
up €31,993 (+498%), from €6,419 to €38,412
- Tax, wage and social debts +€28,887
up €28,887 (+45.1%), from €63,984 to €92,871
of which Remuneration and social security: +€15,271
- Debts after one year -€11,106
no longer reported in 2025 (was €11,106)
- Short-term financial debts -€5,039
down €5,039 (-31.2%), from €16,145 to €11,106
- Financial charges +€119,585
up €119,585 (+2,529%), from €4,729 to €124,314
of which Non-recurring financial charges: +€120,000
- Staff costs +€106,812
up €106,812 (+59.4%), from €179,695 to €286,507
- Taxes -€57,598
down €57,598 (-78.3%), from €73,598 to €16,000
- Gross operating margin +€33,126
up €33,126 (+7.2%), from €463,121 to €496,247
- Other operating charges +€16,726
up €16,726 (+536%), from €3,119 to €19,845
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 | €356,430 | €213,659 | -€142,771 | -40.1% |
| Fixed assets | 21/28 | €80,311 | €62,263 | -€18,048 | -22.5% |
| Tangible fixed assets | 22/27 | €76,971 | €62,263 | -€14,708 | -19.1% |
| Land and buildings | 22 | €6,407 | €4,893 | -€1,514 | -23.6% |
| Plant, machinery and equipment | 23 | €69,132 | €56,258 | -€12,874 | -18.6% |
| Furniture and vehicles | 24 | €1,431 | €1,112 | -€319 | -22.3% |
| Financial fixed assets | 28 | €3,340 | - | -€3,340 | |
| Current assets | 29/58 | €276,119 | €151,396 | -€124,723 | -45.2% |
| Stocks and contracts in progress | 3 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Stocks | 30/36 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €180,025 | €23,109 | -€156,916 | -87.2% |
| Trade receivables | 40 | €13,707 | €3,707 | -€10,000 | -73.0% |
| Other amounts receivable | 41 | €166,318 | €19,402 | -€146,916 | -88.3% |
| Cash at bank and in hand | 54/58 | €90,094 | €125,287 | +€35,193 | +39.1% |
| Total equity and liabilities | 10/49 | €356,430 | €213,659 | -€142,771 | -40.1% |
| Equity | 10/15 | €25,019 | €57,012 | +€31,993 | +128% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,419 | €38,412 | +€31,993 | +498% |
| Amounts payable | 17/49 | €331,411 | €156,647 | -€174,764 | -52.7% |
| Amounts payable after more than one year | 17 | €11,106 | - | -€11,106 | |
| Financial debts | 170/4 | €11,106 | - | -€11,106 | |
| Amounts payable within one year | 42/48 | €320,304 | €156,647 | -€163,657 | -51.1% |
| Financial debts | 43 | €16,145 | €11,106 | -€5,039 | -31.2% |
| Other loans | 439 | €16,145 | €11,106 | -€5,039 | -31.2% |
| Trade debts | 44 | €55,175 | €52,670 | -€2,505 | -4.5% |
| Suppliers | 440/4 | €55,175 | €52,670 | -€2,505 | -4.5% |
| Taxes, remuneration and social security | 45 | €63,984 | €92,871 | +€28,887 | +45.1% |
| Taxes | 450/3 | €58,809 | €72,425 | +€13,616 | +23.2% |
| Remuneration and social security | 454/9 | €5,175 | €20,445 | +€15,271 | +295% |
| Other amounts payable | 47/48 | €185,000 | - | -€185,000 | |
| Remuneration, social security and pensions | 62 | €179,695 | €286,507 | +€106,812 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,606 | €18,222 | +€6,615 | +57.0% |
| Other operating charges | 640/8 | €3,119 | €19,845 | +€16,726 | +536% |
| Gross operating margin | 9900 | €463,121 | €496,247 | +€33,126 | +7.2% |
| Operating profit (loss) | 9901 | €268,700 | €171,673 | -€97,027 | -36.1% |
| Financial income | 75/76B | €238 | €634 | +€397 | +167% |
| Recurring financial income | 75 | €238 | €634 | +€397 | +167% |
| Financial charges | 65/66B | €4,729 | €124,314 | +€119,585 | +2,529% |
| Recurring financial charges | 65 | €4,729 | €4,314 | -€415 | -8.8% |
| Non-recurring financial charges | 66B | - | €120,000 | +€120,000 | |
| Profit (loss) for the period before taxes | 9903 | €264,209 | €47,993 | -€216,216 | -81.8% |
| Income taxes | 67/77 | €73,598 | €16,000 | -€57,598 | -78.3% |
| Profit (loss) for the period | 9904 | €190,611 | €31,993 | -€158,618 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €190,611 | €31,993 | -€158,618 | -83.2% |
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 24 October 2026 via checked.be.