FRESON: 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.
FRESON
Largest movements
- Tangible fixed assets -€5,425
down €5,425 (-59.2%), from €9,158 to €3,733
- Receivables within one year +€1,410
new in 2025: €1,410
- Cash +€399
new in 2025: €399
mainly Depreciation (+€5,425) and Trade debts (+€2,246)
- Other debts -€4,551
down €4,551 (-15.6%), from €29,261 to €24,710
- Profit (loss) carried forward -€2,818
down €2,818 (-6.5%), from -€43,274 to -€46,092
- Trade debts +€2,246
up €2,246 (+114.3%), from €1,965 to €4,211
- Tax, wage and social debts +€1,536
up €1,536 (+66.6%), from €2,306 to €3,842
- Gross operating margin -€1,868
down €1,868 (-28.7%), from €6,514 to €4,646
- Depreciation -€1,759
down €1,759 (-24.5%), from €7,184 to €5,425
- Other operating charges +€1,066
up €1,066 (+151.6%), from €703 to €1,769
- Financial charges +€69
up €69 (+246.4%), from €28 to €97
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 | €9,158 | €5,542 | -€3,616 | -39.5% |
| Fixed assets | 21/28 | €9,158 | €3,733 | -€5,425 | -59.2% |
| Tangible fixed assets | 22/27 | €9,158 | €3,733 | -€5,425 | -59.2% |
| Land and buildings | 22 | €1,008 | €193 | -€815 | -80.9% |
| Plant, machinery and equipment | 23 | €6,197 | €3,540 | -€2,657 | -42.9% |
| Leasing and similar rights | 25 | €1,953 | - | -€1,953 | |
| Current assets | 29/58 | - | €1,809 | +€1,809 | |
| Amounts receivable within one year | 40/41 | - | €1,410 | +€1,410 | |
| Trade receivables | 40 | - | €1,410 | +€1,410 | |
| Cash at bank and in hand | 54/58 | - | €399 | +€399 | |
| Total equity and liabilities | 10/49 | €9,158 | €5,542 | -€3,616 | -39.5% |
| Equity | 10/15 | -€24,403 | -€27,221 | -€2,818 | -11.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €279 | €279 | = | 0.0% |
| Non-distributable reserves | 130/1 | €279 | €279 | = | 0.0% |
| Legal reserve | 130 | €279 | €279 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,274 | -€46,092 | -€2,818 | -6.5% |
| Amounts payable | 17/49 | €33,561 | €32,763 | -€798 | -2.4% |
| Amounts payable within one year | 42/48 | €33,561 | €32,763 | -€798 | -2.4% |
| Financial debts | 43 | €29 | - | -€29 | |
| Credit institutions | 430/8 | €29 | - | -€29 | |
| Trade debts | 44 | €1,965 | €4,211 | +€2,246 | +114.3% |
| Suppliers | 440/4 | €1,965 | €4,211 | +€2,246 | +114.3% |
| Taxes, remuneration and social security | 45 | €2,306 | €3,842 | +€1,536 | +66.6% |
| Taxes | 450/3 | €2,306 | €3,842 | +€1,536 | +66.6% |
| Other amounts payable | 47/48 | €29,261 | €24,710 | -€4,551 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,184 | €5,425 | -€1,759 | -24.5% |
| Other operating charges | 640/8 | €703 | €1,769 | +€1,066 | +151.6% |
| Gross operating margin | 9900 | €6,514 | €4,646 | -€1,868 | -28.7% |
| Operating profit (loss) | 9901 | -€1,373 | -€2,548 | -€1,175 | -85.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €28 | €97 | +€69 | +246.4% |
| Recurring financial charges | 65 | €28 | €97 | +€69 | +246.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,401 | -€2,643 | -€1,242 | -88.7% |
| Income taxes | 67/77 | €171 | €175 | +€4 | +2.3% |
| Profit (loss) for the period | 9904 | -€1,572 | -€2,818 | -€1,246 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,572 | -€2,818 | -€1,246 | -79.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.