FRESIA: 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.
FRESIA
Largest movements
- Cash -€84,642
down €84,642 (-25.2%), from €335,905 to €251,263
mainly Debts after one year (-€214,054) and Accrued charges and deferred income (-€13,777)
- Current investments -€70,856
down €70,856 (-100.0%), from €70,856 to €0
- Stocks and contracts -€27,536
down €27,536 (-25.2%), from €109,077 to €81,541
- Debts after one year -€214,054
down €214,054 (-100.0%), from €214,054 to €0
- Reserves +€37,109
up €37,109 (+13.2%), from €280,778 to €317,887
of which Distributable reserves: +€37,109
- Accrued charges and deferred income -€13,777
down €13,777 (-100.0%), from €13,777 to €0
- Financial income +€23,984
up €23,984 (+511.1%), from €4,692 to €28,676
- Taxes +€12,181
up €12,181 (+200.6%), from €6,073 to €18,254
- Financial charges -€9,866
down €9,866 (-57.4%), from €17,185 to €7,319
- Gross operating margin +€3,945
up €3,945 (+12.8%), from €30,938 to €34,883
- Depreciation -€771
down €771 (-100.0%), from €771 to €0
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 | €532,221 | €346,781 | -€185,440 | -34.8% |
| Fixed assets | 21/28 | €773 | €410 | -€363 | -47.0% |
| Tangible fixed assets | 22/27 | €363 | €0 | -€363 | -100.0% |
| Furniture and vehicles | 24 | €363 | €0 | -€363 | -100.0% |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €531,447 | €346,371 | -€185,076 | -34.8% |
| Stocks and contracts in progress | 3 | €109,077 | €81,541 | -€27,536 | -25.2% |
| Stocks | 30/36 | €109,077 | €81,541 | -€27,536 | -25.2% |
| Amounts receivable within one year | 40/41 | €15,351 | €13,540 | -€1,811 | -11.8% |
| Trade receivables | 40 | €10,092 | €13,439 | +€3,346 | +33.2% |
| Other amounts receivable | 41 | €5,259 | €101 | -€5,157 | -98.1% |
| Current investments | 50/53 | €70,856 | €0 | -€70,856 | -100.0% |
| Cash at bank and in hand | 54/58 | €335,905 | €251,263 | -€84,642 | -25.2% |
| Deferred charges and accrued income | 490/1 | €258 | €27 | -€232 | -89.7% |
| Total equity and liabilities | 10/49 | €532,221 | €346,781 | -€185,440 | -34.8% |
| Equity | 10/15 | €299,378 | €336,487 | +€37,109 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €280,778 | €317,887 | +€37,109 | +13.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €278,918 | €316,027 | +€37,109 | +13.3% |
| Amounts payable | 17/49 | €232,843 | €10,294 | -€222,549 | -95.6% |
| Amounts payable after more than one year | 17 | €214,054 | €0 | -€214,054 | -100.0% |
| Other amounts payable | 178/9 | €214,054 | €0 | -€214,054 | -100.0% |
| Amounts payable within one year | 42/48 | €5,012 | €10,294 | +€5,282 | +105.4% |
| Trade debts | 44 | €5,012 | €6,265 | +€1,252 | +25.0% |
| Suppliers | 440/4 | €5,012 | €6,265 | +€1,252 | +25.0% |
| Taxes, remuneration and social security | 45 | - | €4,029 | +€4,029 | |
| Taxes | 450/3 | - | €4,029 | +€4,029 | |
| Accrued charges and deferred income | 492/3 | €13,777 | €0 | -€13,777 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €771 | €0 | -€771 | -100.0% |
| Other operating charges | 640/8 | €499 | €877 | +€377 | +75.5% |
| Gross operating margin | 9900 | €30,938 | €34,883 | +€3,945 | +12.8% |
| Operating profit (loss) | 9901 | €29,667 | €34,006 | +€4,339 | +14.6% |
| Financial income | 75/76B | €4,692 | €28,676 | +€23,984 | +511.1% |
| Recurring financial income | 75 | €4,692 | €28,676 | +€23,984 | +511.1% |
| Financial charges | 65/66B | €17,185 | €7,319 | -€9,866 | -57.4% |
| Recurring financial charges | 65 | €17,185 | €7,319 | -€9,866 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | €17,175 | €55,363 | +€38,189 | +222.4% |
| Income taxes | 67/77 | €6,073 | €18,254 | +€12,181 | +200.6% |
| Profit (loss) for the period | 9904 | €11,101 | €37,109 | +€26,008 | +234.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,101 | €37,109 | +€26,008 | +234.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.