GO FRESH: 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.
GO FRESH
Largest movements
- Receivables within one year +€28,316
up €28,316 (+6.9%), from €411,821 to €440,137
of which Other amounts receivable: +€49,714
- Deferred charges and accrued income -€11,351
down €11,351 (-86.7%), from €13,094 to €1,743
- Cash -€9,074
down €9,074 (-20.5%), from €44,352 to €35,278
mainly Net result for the year (-€32,584) and Current portion of long-term debt (-€31,669)
- Other debts +€121,750
new in 2025: €121,750
- Profit (loss) carried forward -€32,584
down €32,584 (-100%), from -€32,440 to -€65,024
- Current portion of long-term debt -€31,669
down €31,669 (-47.2%), from €67,074 to €35,404
- Debts after one year -€30,990
down €30,990 (-100%), from €30,990 to €0
- Short-term financial debts -€30,106
down €30,106 (-58.0%), from €51,879 to €21,773
- Gross operating margin -€143,887
down €143,887 (-26.9%), from €534,278 to €390,391
- Staff costs -€20,370
down €20,370 (-4.9%), from €416,523 to €396,153
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 | €511,648 | €519,166 | +€7,518 | +1.5% |
| Fixed assets | 21/28 | €21,688 | €19,675 | -€2,013 | -9.3% |
| Tangible fixed assets | 22/27 | €16,588 | €14,575 | -€2,013 | -12.1% |
| Plant, machinery and equipment | 23 | €11,463 | €8,047 | -€3,417 | -29.8% |
| Furniture and vehicles | 24 | €5,125 | €6,528 | +€1,404 | +27.4% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €489,959 | €499,491 | +€9,531 | +1.9% |
| Stocks and contracts in progress | 3 | €20,691 | €22,332 | +€1,641 | +7.9% |
| Stocks | 30/36 | €20,691 | €22,332 | +€1,641 | +7.9% |
| Amounts receivable within one year | 40/41 | €411,821 | €440,137 | +€28,316 | +6.9% |
| Trade receivables | 40 | €358,179 | €336,781 | -€21,398 | -6.0% |
| Other amounts receivable | 41 | €53,642 | €103,356 | +€49,714 | +92.7% |
| Cash at bank and in hand | 54/58 | €44,352 | €35,278 | -€9,074 | -20.5% |
| Deferred charges and accrued income | 490/1 | €13,094 | €1,743 | -€11,351 | -86.7% |
| Total equity and liabilities | 10/49 | €511,648 | €519,166 | +€7,518 | +1.5% |
| Equity | 10/15 | €84,310 | €29,976 | -€54,334 | -64.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €91,750 | €70,000 | -€21,750 | -23.7% |
| Distributable reserves | 133 | €91,750 | €70,000 | -€21,750 | -23.7% |
| Profit (loss) carried forward | 14 | -€32,440 | -€65,024 | -€32,584 | -100% |
| Amounts payable | 17/49 | €427,338 | €489,190 | +€61,852 | +14.5% |
| Amounts payable after more than one year | 17 | €30,990 | €0 | -€30,990 | -100% |
| Financial debts | 170/4 | €30,990 | €0 | -€30,990 | -100% |
| Amounts payable within one year | 42/48 | €396,326 | €489,190 | +€92,864 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €67,074 | €35,404 | -€31,669 | -47.2% |
| Financial debts | 43 | €51,879 | €21,773 | -€30,106 | -58.0% |
| Credit institutions | 430/8 | €51,879 | €21,773 | -€30,106 | -58.0% |
| Trade debts | 44 | €269,097 | €275,524 | +€6,428 | +2.4% |
| Suppliers | 440/4 | €269,097 | €275,524 | +€6,428 | +2.4% |
| Taxes, remuneration and social security | 45 | €8,277 | €34,738 | +€26,462 | +320% |
| Taxes | 450/3 | €8,277 | €7,748 | -€528 | -6.4% |
| Remuneration and social security | 454/9 | - | €26,990 | +€26,990 | |
| Other amounts payable | 47/48 | - | €121,750 | +€121,750 | |
| Accrued charges and deferred income | 492/3 | €22 | €0 | -€22 | -100% |
| Remuneration, social security and pensions | 62 | €416,523 | €396,153 | -€20,370 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,218 | €7,917 | +€699 | +9.7% |
| Other operating charges | 640/8 | €3,409 | €7,467 | +€4,058 | +119% |
| Gross operating margin | 9900 | €534,278 | €390,391 | -€143,887 | -26.9% |
| Operating profit (loss) | 9901 | €107,128 | -€21,147 | -€128,275 | |
| Financial income | 75/76B | €0 | €604 | +€604 | +6,040,900% |
| Recurring financial income | 75 | €0 | €604 | +€604 | +6,040,900% |
| Financial charges | 65/66B | €9,157 | €12,041 | +€2,884 | +31.5% |
| Recurring financial charges | 65 | €9,157 | €12,041 | +€2,884 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €97,970 | -€32,584 | -€130,555 | |
| Income taxes | 67/77 | €4,000 | €0 | -€4,000 | -100% |
| Profit (loss) for the period | 9904 | €93,970 | -€32,584 | -€126,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,970 | -€32,584 | -€126,555 |
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 25 October 2026 via checked.be.