THE 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.
THE FRESH
Largest movements
- Receivables within one year -€4,449
down €4,449 (-48.2%), from €9,239 to €4,790
of which Trade receivables: -€8,739
- Cash -€2,821
down €2,821 (-9.9%), from €28,568 to €25,747
mainly Tax, wage and social debts (-€10,981) and Trade debts (-€619)
- Deferred charges and accrued income -€848
down €848 (-69.7%), from €1,216 to €368
- Tangible fixed assets -€416
down €416 (-34.5%), from €1,207 to €791
- Tax, wage and social debts -€10,981
down €10,981 (-94.5%), from €11,624 to €643
of which Taxes: -€9,781
- Profit (loss) carried forward +€2,358
up €2,358 (+9.1%), from €25,955 to €28,313
- Accrued charges and deferred income +€879
new in 2025: €879
- Trade debts -€619
down €619 (-60.0%), from €1,032 to €413
- Gross operating margin -€29,967
down €29,967 (-86.7%), from €34,575 to €4,608
- Taxes -€6,039
down €6,039 (-90.4%), from €6,683 to €644
- Depreciation +€375
up €375 (+915%), from €41 to €416
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 | €40,230 | €31,696 | -€8,534 | -21.2% |
| Fixed assets | 21/28 | €1,207 | €791 | -€416 | -34.5% |
| Tangible fixed assets | 22/27 | €1,207 | €791 | -€416 | -34.5% |
| Plant, machinery and equipment | 23 | €1,207 | €791 | -€416 | -34.5% |
| Current assets | 29/58 | €39,023 | €30,905 | -€8,118 | -20.8% |
| Amounts receivable within one year | 40/41 | €9,239 | €4,790 | -€4,449 | -48.2% |
| Trade receivables | 40 | €9,239 | €500 | -€8,739 | -94.6% |
| Other amounts receivable | 41 | - | €4,290 | +€4,290 | |
| Cash at bank and in hand | 54/58 | €28,568 | €25,747 | -€2,821 | -9.9% |
| Deferred charges and accrued income | 490/1 | €1,216 | €368 | -€848 | -69.7% |
| Total equity and liabilities | 10/49 | €40,230 | €31,696 | -€8,534 | -21.2% |
| Equity | 10/15 | €26,955 | €29,313 | +€2,358 | +8.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,955 | €28,313 | +€2,358 | +9.1% |
| Amounts payable | 17/49 | €13,275 | €2,383 | -€10,892 | -82.0% |
| Amounts payable within one year | 42/48 | €13,275 | €1,504 | -€11,771 | -88.7% |
| Trade debts | 44 | €1,032 | €413 | -€619 | -60.0% |
| Suppliers | 440/4 | €1,032 | €413 | -€619 | -60.0% |
| Taxes, remuneration and social security | 45 | €11,624 | €643 | -€10,981 | -94.5% |
| Taxes | 450/3 | €10,424 | €643 | -€9,781 | -93.8% |
| Remuneration and social security | 454/9 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €619 | €448 | -€171 | -27.6% |
| Accrued charges and deferred income | 492/3 | - | €879 | +€879 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41 | €416 | +€375 | +915% |
| Other operating charges | 640/8 | €1,039 | €1,060 | +€21 | +2.0% |
| Gross operating margin | 9900 | €34,575 | €4,608 | -€29,967 | -86.7% |
| Operating profit (loss) | 9901 | €33,495 | €3,132 | -€30,363 | -90.6% |
| Financial income | 75/76B | €2 | €170 | +€168 | +8,400% |
| Recurring financial income | 75 | €2 | €170 | +€168 | +8,400% |
| Financial charges | 65/66B | €19 | €300 | +€281 | +1,479% |
| Recurring financial charges | 65 | €19 | €300 | +€281 | +1,479% |
| Profit (loss) for the period before taxes | 9903 | €33,478 | €3,002 | -€30,476 | -91.0% |
| Income taxes | 67/77 | €6,683 | €644 | -€6,039 | -90.4% |
| Profit (loss) for the period | 9904 | €26,795 | €2,358 | -€24,437 | -91.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,795 | €2,358 | -€24,437 | -91.2% |
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 20 October 2026 via checked.be.