FRESHMIND: 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.
FRESHMIND
Largest movements
- Current investments +€75,708
up €75,708 (+74.2%), from €101,996 to €177,704
- Cash -€38,802
down €38,802 (-24.1%), from €161,289 to €122,488
mainly Contributions, distributions and other (-€128,607) and Current investments (-€75,708)
- Receivables within one year -€4,963
down €4,963 (-23.5%), from €21,102 to €16,139
of which Other amounts receivable: -€4,968
- Other debts +€88,957
up €88,957 (+222.4%), from €40,000 to €128,957
- Reserves -€43,542
down €43,542 (-19.9%), from €218,697 to €175,155
- Tax, wage and social debts -€16,468
down €16,468 (-52.3%), from €31,490 to €15,023
- Gross operating margin +€18,126
up €18,126 (+18.7%), from €96,923 to €115,049
- Financial income -€6,544
down €6,544 (-62.9%), from €10,409 to €3,866
- Taxes +€4,216
up €4,216 (+16.8%), from €25,051 to €29,268
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 | €303,687 | €332,292 | +€28,605 | +9.4% |
| Fixed assets | 21/28 | €6,087 | €5,829 | -€258 | -4.2% |
| Tangible fixed assets | 22/27 | €5,487 | €5,229 | -€258 | -4.7% |
| Plant, machinery and equipment | 23 | €2,224 | €1,235 | -€989 | -44.5% |
| Furniture and vehicles | 24 | €2,481 | €3,484 | +€1,003 | +40.4% |
| Other tangible fixed assets | 26 | €782 | €510 | -€272 | -34.8% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €297,600 | €326,463 | +€28,863 | +9.7% |
| Amounts receivable within one year | 40/41 | €21,102 | €16,139 | -€4,963 | -23.5% |
| Trade receivables | 40 | €16,134 | €16,139 | +€5 | 0.0% |
| Other amounts receivable | 41 | €4,968 | €0 | -€4,968 | -100.0% |
| Current investments | 50/53 | €101,996 | €177,704 | +€75,708 | +74.2% |
| Cash at bank and in hand | 54/58 | €161,289 | €122,488 | -€38,802 | -24.1% |
| Deferred charges and accrued income | 490/1 | €13,212 | €10,133 | -€3,079 | -23.3% |
| Total equity and liabilities | 10/49 | €303,687 | €332,292 | +€28,605 | +9.4% |
| Equity | 10/15 | €231,097 | €187,555 | -€43,542 | -18.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €218,697 | €175,155 | -€43,542 | -19.9% |
| Distributable reserves | 133 | €218,697 | €175,155 | -€43,542 | -19.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,590 | €144,737 | +€72,147 | +99.4% |
| Amounts payable within one year | 42/48 | €72,452 | €144,737 | +€72,285 | +99.8% |
| Trade debts | 44 | €961 | €757 | -€204 | -21.2% |
| Suppliers | 440/4 | €961 | €757 | -€204 | -21.2% |
| Taxes, remuneration and social security | 45 | €31,490 | €15,023 | -€16,468 | -52.3% |
| Taxes | 450/3 | €31,490 | €15,023 | -€16,468 | -52.3% |
| Other amounts payable | 47/48 | €40,000 | €128,957 | +€88,957 | +222.4% |
| Accrued charges and deferred income | 492/3 | €138 | €0 | -€138 | -100.0% |
| Non-recurring operating income | 76A | €23 | €0 | -€23 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,233 | €2,716 | -€517 | -16.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €414 | +€414 | |
| Gross operating margin | 9900 | €96,923 | €115,049 | +€18,126 | +18.7% |
| Operating profit (loss) | 9901 | €93,303 | €111,520 | +€18,217 | +19.5% |
| Financial income | 75/76B | €10,409 | €3,866 | -€6,544 | -62.9% |
| Recurring financial income | 75 | €10,409 | €3,866 | -€6,544 | -62.9% |
| Financial charges | 65/66B | €1,168 | €1,053 | -€115 | -9.9% |
| Recurring financial charges | 65 | €1,168 | €1,053 | -€115 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €102,544 | €114,332 | +€11,789 | +11.5% |
| Income taxes | 67/77 | €25,051 | €29,268 | +€4,216 | +16.8% |
| Profit (loss) for the period | 9904 | €77,492 | €85,064 | +€7,572 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,492 | €85,064 | +€7,572 | +9.8% |
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 10 October 2026 via checked.be.