FRESPI: 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.
FRESPI
Largest movements
- Cash +€46,179
up €46,179 (+53.0%), from €87,089 to €133,268
mainly Net result for the year (+€34,386) and Depreciation (+€20,796)
- Tangible fixed assets -€18,153
down €18,153 (-9.0%), from €202,763 to €184,609
of which Furniture and vehicles: -€9,372
- Reserves +€34,386
up €34,386 (+31.5%), from €109,229 to €143,615
- Debts after one year -€8,686
down €8,686 (-5.3%), from €163,945 to €155,259
- Gross operating margin -€10,082
down €10,082 (-12.4%), from €81,553 to €71,470
- Depreciation +€6,872
up €6,872 (+49.4%), from €13,925 to €20,796
- Taxes -€3,757
down €3,757 (-27.9%), from €13,449 to €9,691
- Other operating charges +€1,121
up €1,121 (+175%), from €641 to €1,761
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 | €311,521 | €340,041 | +€28,519 | +9.2% |
| Fixed assets | 21/28 | €202,763 | €184,609 | -€18,153 | -9.0% |
| Tangible fixed assets | 22/27 | €202,763 | €184,609 | -€18,153 | -9.0% |
| Land and buildings | 22 | €183,741 | €175,167 | -€8,573 | -4.7% |
| Plant, machinery and equipment | 23 | €2,033 | €1,826 | -€208 | -10.2% |
| Furniture and vehicles | 24 | €16,989 | €7,616 | -€9,372 | -55.2% |
| Current assets | 29/58 | €108,759 | €155,432 | +€46,673 | +42.9% |
| Amounts receivable within one year | 40/41 | €21,264 | €21,691 | +€427 | +2.0% |
| Trade receivables | 40 | €19,712 | €16,382 | -€3,330 | -16.9% |
| Other amounts receivable | 41 | €1,552 | €5,309 | +€3,757 | +242% |
| Cash at bank and in hand | 54/58 | €87,089 | €133,268 | +€46,179 | +53.0% |
| Deferred charges and accrued income | 490/1 | €406 | €473 | +€67 | +16.4% |
| Total equity and liabilities | 10/49 | €311,521 | €340,041 | +€28,519 | +9.2% |
| Equity | 10/15 | €127,829 | €162,215 | +€34,386 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €109,229 | €143,615 | +€34,386 | +31.5% |
| Distributable reserves | 133 | €109,229 | €143,615 | +€34,386 | +31.5% |
| Amounts payable | 17/49 | €183,692 | €177,826 | -€5,866 | -3.2% |
| Amounts payable after more than one year | 17 | €163,945 | €155,259 | -€8,686 | -5.3% |
| Financial debts | 170/4 | €163,945 | €155,259 | -€8,686 | -5.3% |
| Amounts payable within one year | 42/48 | €19,748 | €22,567 | +€2,819 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €8,569 | €8,686 | +€116 | +1.4% |
| Trade debts | 44 | €5,391 | €5,119 | -€272 | -5.0% |
| Suppliers | 440/4 | €5,391 | €5,119 | -€272 | -5.0% |
| Taxes, remuneration and social security | 45 | €4,979 | €7,954 | +€2,975 | +59.7% |
| Taxes | 450/3 | €4,979 | €7,954 | +€2,975 | +59.7% |
| Other amounts payable | 47/48 | €808 | €808 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,925 | €20,796 | +€6,872 | +49.4% |
| Other operating charges | 640/8 | €641 | €1,761 | +€1,121 | +175% |
| Gross operating margin | 9900 | €81,553 | €71,470 | -€10,082 | -12.4% |
| Operating profit (loss) | 9901 | €66,987 | €48,912 | -€18,075 | -27.0% |
| Financial income | 75/76B | €116 | €10 | -€106 | -91.4% |
| Recurring financial income | 75 | €116 | €10 | -€106 | -91.4% |
| Financial charges | 65/66B | €4,562 | €4,845 | +€284 | +6.2% |
| Recurring financial charges | 65 | €4,562 | €4,845 | +€284 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €62,541 | €44,077 | -€18,464 | -29.5% |
| Income taxes | 67/77 | €13,449 | €9,691 | -€3,757 | -27.9% |
| Profit (loss) for the period | 9904 | €49,093 | €34,386 | -€14,707 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,093 | €34,386 | -€14,707 | -30.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.