Freshnote: 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.
Freshnote
Largest movements
- Current investments -€26,421
no longer reported in 2025 (was €26,421)
- Tangible fixed assets +€19,567
up €19,567 (+8.5%), from €230,712 to €250,279
of which Land and buildings: +€25,275
- Receivables within one year +€13,280
up €13,280 (+393.7%), from €3,373 to €16,653
of which Other amounts receivable: +€15,127
- Tax, wage and social debts -€16,359
down €16,359 (-83.0%), from €19,711 to €3,352
of which Remuneration and social security: -€14,492
- Debts after one year +€15,358
up €15,358 (+10.3%), from €149,112 to €164,470
- Current portion of long-term debt +€2,873
up €2,873 (+27.9%), from €10,288 to €13,161
- Gross operating margin +€2,899
up €2,899 (+15.9%), from €18,263 to €21,162
- Financial income +€1,689
up €1,689 (+1279.5%), from €132 to €1,821
- Taxes +€836
up €836, from -€88 to €748
- Depreciation +€770
up €770 (+6.2%), from €12,419 to €13,189
- Financial charges +€515
up €515 (+11.4%), from €4,530 to €5,045
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 | €263,803 | €269,970 | +€6,167 | +2.3% |
| Fixed assets | 21/28 | €230,712 | €250,279 | +€19,567 | +8.5% |
| Tangible fixed assets | 22/27 | €230,712 | €250,279 | +€19,567 | +8.5% |
| Land and buildings | 22 | €209,951 | €235,226 | +€25,275 | +12.0% |
| Plant, machinery and equipment | 23 | €3,395 | €1,622 | -€1,773 | -52.2% |
| Furniture and vehicles | 24 | €17,366 | €13,431 | -€3,935 | -22.7% |
| Current assets | 29/58 | €33,091 | €19,691 | -€13,400 | -40.5% |
| Amounts receivable within one year | 40/41 | €3,373 | €16,653 | +€13,280 | +393.7% |
| Trade receivables | 40 | €3,244 | €1,397 | -€1,847 | -56.9% |
| Other amounts receivable | 41 | €129 | €15,256 | +€15,127 | +11726.4% |
| Current investments | 50/53 | €26,421 | - | -€26,421 | |
| Cash at bank and in hand | 54/58 | €1,989 | €1,668 | -€321 | -16.1% |
| Deferred charges and accrued income | 490/1 | €1,308 | €1,370 | +€62 | +4.7% |
| Total equity and liabilities | 10/49 | €263,803 | €269,970 | +€6,167 | +2.3% |
| Equity | 10/15 | €82,980 | €85,575 | +€2,595 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,520 | €65,115 | +€2,595 | +4.2% |
| Amounts payable | 17/49 | €180,823 | €184,395 | +€3,572 | +2.0% |
| Amounts payable after more than one year | 17 | €149,112 | €164,470 | +€15,358 | +10.3% |
| Financial debts | 170/4 | €149,112 | €164,470 | +€15,358 | +10.3% |
| Amounts payable within one year | 42/48 | €30,520 | €17,910 | -€12,610 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €10,288 | €13,161 | +€2,873 | +27.9% |
| Trade debts | 44 | €521 | €1,397 | +€876 | +168.1% |
| Suppliers | 440/4 | €521 | €1,397 | +€876 | +168.1% |
| Taxes, remuneration and social security | 45 | €19,711 | €3,352 | -€16,359 | -83.0% |
| Taxes | 450/3 | €5,219 | €3,352 | -€1,867 | -35.8% |
| Remuneration and social security | 454/9 | €14,492 | - | -€14,492 | |
| Accrued charges and deferred income | 492/3 | €1,191 | €2,015 | +€824 | +69.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,419 | €13,189 | +€770 | +6.2% |
| Other operating charges | 640/8 | €1,370 | €1,406 | +€36 | +2.6% |
| Gross operating margin | 9900 | €18,263 | €21,162 | +€2,899 | +15.9% |
| Operating profit (loss) | 9901 | €4,474 | €6,567 | +€2,093 | +46.8% |
| Financial income | 75/76B | €132 | €1,821 | +€1,689 | +1279.5% |
| Recurring financial income | 75 | €132 | €1,821 | +€1,689 | +1279.5% |
| Financial charges | 65/66B | €4,530 | €5,045 | +€515 | +11.4% |
| Recurring financial charges | 65 | €4,530 | €5,045 | +€515 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €76 | €3,343 | +€3,267 | +4298.7% |
| Income taxes | 67/77 | -€88 | €748 | +€836 | |
| Profit (loss) for the period | 9904 | €164 | €2,595 | +€2,431 | +1482.3% |
| Profit (loss) for the period to be appropriated | 9905 | €164 | €2,595 | +€2,431 | +1482.3% |
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.