FRESHMINDS: 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.
FRESHMINDS
Largest movements
- Receivables within one year -€37,911
down €37,911 (-28.6%), from €132,411 to €94,500
of which Trade receivables: -€49,107
- Cash +€28,825
up €28,825 (+108%), from €26,723 to €55,548
mainly Other debts (+€171,785) and Net result for the year (+€80,836)
- Deferred charges and accrued income +€6,727
up €6,727 (+607%), from €1,108 to €7,835
- Trade debts -€206,989
down €206,989 (-95.0%), from €217,826 to €10,837
- Other debts +€171,785
up €171,785 (+134%), from €128,417 to €300,203
- Profit (loss) carried forward +€80,836
up €80,836 (+24.9%), from -€324,634 to -€243,799
- Tax, wage and social debts -€61,154
down €61,154 (-50.7%), from €120,651 to €59,498
of which Remuneration and social security: -€35,290
- Accrued charges and deferred income +€11,712
new in 2025: €11,712
- Staff costs -€328,644
down €328,644 (-43.4%), from €756,440 to €427,797
- Gross operating margin -€227,816
down €227,816 (-30.1%), from €757,493 to €529,677
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 | €162,261 | €158,451 | -€3,810 | -2.3% |
| Fixed assets | 21/28 | €2,019 | €568 | -€1,451 | -71.9% |
| Tangible fixed assets | 22/27 | €2,019 | €568 | -€1,451 | -71.9% |
| Plant, machinery and equipment | 23 | €2,019 | €568 | -€1,451 | -71.9% |
| Current assets | 29/58 | €160,242 | €157,883 | -€2,359 | -1.5% |
| Amounts receivable within one year | 40/41 | €132,411 | €94,500 | -€37,911 | -28.6% |
| Trade receivables | 40 | €132,411 | €83,304 | -€49,107 | -37.1% |
| Other amounts receivable | 41 | - | €11,196 | +€11,196 | |
| Cash at bank and in hand | 54/58 | €26,723 | €55,548 | +€28,825 | +108% |
| Deferred charges and accrued income | 490/1 | €1,108 | €7,835 | +€6,727 | +607% |
| Total equity and liabilities | 10/49 | €162,261 | €158,451 | -€3,810 | -2.3% |
| Equity | 10/15 | -€304,634 | -€223,799 | +€80,836 | +26.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€324,634 | -€243,799 | +€80,836 | +24.9% |
| Amounts payable | 17/49 | €466,895 | €382,250 | -€84,646 | -18.1% |
| Amounts payable within one year | 42/48 | €466,895 | €370,538 | -€96,358 | -20.6% |
| Trade debts | 44 | €217,826 | €10,837 | -€206,989 | -95.0% |
| Suppliers | 440/4 | €217,826 | €10,837 | -€206,989 | -95.0% |
| Taxes, remuneration and social security | 45 | €120,651 | €59,498 | -€61,154 | -50.7% |
| Taxes | 450/3 | €53,106 | €27,242 | -€25,864 | -48.7% |
| Remuneration and social security | 454/9 | €67,546 | €32,256 | -€35,290 | -52.2% |
| Other amounts payable | 47/48 | €128,417 | €300,203 | +€171,785 | +134% |
| Accrued charges and deferred income | 492/3 | - | €11,712 | +€11,712 | |
| Remuneration, social security and pensions | 62 | €756,440 | €427,797 | -€328,644 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,557 | €1,451 | -€106 | -6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,249 | €6,043 | -€7,206 | -54.4% |
| Other operating charges | 640/8 | €1,323 | €664 | -€659 | -49.8% |
| Gross operating margin | 9900 | €757,493 | €529,677 | -€227,816 | -30.1% |
| Operating profit (loss) | 9901 | -€15,075 | €93,723 | +€108,799 | |
| Financial income | 75/76B | €1,554 | €0 | -€1,554 | -100% |
| Recurring financial income | 75 | €1,554 | €0 | -€1,554 | -100% |
| Financial charges | 65/66B | €18,321 | €11,834 | -€6,487 | -35.4% |
| Recurring financial charges | 65 | €18,321 | €11,834 | -€6,487 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,843 | €81,890 | +€113,732 | |
| Income taxes | 67/77 | €1,924 | €1,054 | -€870 | -45.2% |
| Profit (loss) for the period | 9904 | -€33,766 | €80,836 | +€114,602 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,766 | €80,836 | +€114,602 |
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 13 October 2026 via checked.be.