2 FRERES: 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.
2 FRERES
Largest movements
- Cash -€33,321
down €33,321 (-59.7%), from €55,773 to €22,452
mainly Trade debts (-€40,893) and Tax, wage and social debts (-€4,983)
- Tangible fixed assets -€6,629
down €6,629 (-26.4%), from €25,146 to €18,517
of which Plant, machinery and equipment: -€5,260
- Stocks and contracts -€2,585
down €2,585 (-51.8%), from €4,995 to €2,410
- Receivables within one year -€1,239
down €1,239 (-11.1%), from €11,176 to €9,937
of which Trade receivables: -€3,180
- Trade debts -€40,893
down €40,893 (-50.8%), from €80,438 to €39,545
- Tax, wage and social debts -€4,983
down €4,983 (-31.7%), from €15,714 to €10,731
of which Remuneration and social security: -€4,122
- Other debts +€1,073
up €1,073 (+3,353%), from €32 to €1,105
- Purchases and services +€137,423
up €137,423 (+14.6%), from €938,998 to €1.1m
- Turnover +€91,520
up €91,520 (+9.2%), from €993,998 to €1.1m
- Gross operating margin -€45,903
down €45,903 (-83.5%), from €55,000 to €9,097
- Staff costs -€37,777
down €37,777 (-98.7%), from €38,273 to €496
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 | €106,872 | €62,558 | -€44,314 | -41.5% |
| Fixed assets | 21/28 | €34,686 | €27,517 | -€7,169 | -20.7% |
| Intangible fixed assets | 21 | €540 | - | -€540 | |
| Tangible fixed assets | 22/27 | €25,146 | €18,517 | -€6,629 | -26.4% |
| Plant, machinery and equipment | 23 | €21,040 | €15,780 | -€5,260 | -25.0% |
| Furniture and vehicles | 24 | €4,106 | €2,737 | -€1,369 | -33.3% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €72,186 | €35,041 | -€37,145 | -51.5% |
| Stocks and contracts in progress | 3 | €4,995 | €2,410 | -€2,585 | -51.8% |
| Stocks | 30/36 | €4,995 | €2,410 | -€2,585 | -51.8% |
| Amounts receivable within one year | 40/41 | €11,176 | €9,937 | -€1,239 | -11.1% |
| Trade receivables | 40 | €11,176 | €7,996 | -€3,180 | -28.5% |
| Other amounts receivable | 41 | - | €1,941 | +€1,941 | |
| Cash at bank and in hand | 54/58 | €55,773 | €22,452 | -€33,321 | -59.7% |
| Deferred charges and accrued income | 490/1 | €242 | €242 | = | 0.0% |
| Total equity and liabilities | 10/49 | €106,872 | €62,558 | -€44,314 | -41.5% |
| Equity | 10/15 | €10,688 | €11,177 | +€489 | +4.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,688 | €9,177 | +€489 | +5.6% |
| Amounts payable | 17/49 | €96,184 | €51,381 | -€44,803 | -46.6% |
| Amounts payable within one year | 42/48 | €96,184 | €51,381 | -€44,803 | -46.6% |
| Trade debts | 44 | €80,438 | €39,545 | -€40,893 | -50.8% |
| Suppliers | 440/4 | €80,438 | €39,545 | -€40,893 | -50.8% |
| Taxes, remuneration and social security | 45 | €15,714 | €10,731 | -€4,983 | -31.7% |
| Taxes | 450/3 | €2,819 | €1,958 | -€861 | -30.5% |
| Remuneration and social security | 454/9 | €12,895 | €8,773 | -€4,122 | -32.0% |
| Other amounts payable | 47/48 | €32 | €1,105 | +€1,073 | +3,353% |
| Turnover | 70 | €993,998 | €1,085,518 | +€91,520 | +9.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €938,998 | €1,076,421 | +€137,423 | +14.6% |
| Remuneration, social security and pensions | 62 | €38,273 | €496 | -€37,777 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,169 | €7,169 | = | 0.0% |
| Other operating charges | 640/8 | €856 | €715 | -€141 | -16.5% |
| Gross operating margin | 9900 | €55,000 | €9,097 | -€45,903 | -83.5% |
| Operating profit (loss) | 9901 | €8,702 | €717 | -€7,985 | -91.8% |
| Financial charges | 65/66B | €14 | €228 | +€214 | +1,529% |
| Recurring financial charges | 65 | €14 | €228 | +€214 | +1,529% |
| Profit (loss) for the period before taxes | 9903 | €8,688 | €489 | -€8,199 | -94.4% |
| Profit (loss) for the period | 9904 | €8,688 | €489 | -€8,199 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,688 | €489 | -€8,199 | -94.4% |
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 14 October 2026 via checked.be.