DR. FREYA AKA: 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.
DR. FREYA AKA
Largest movements
- Cash -€97,291
down €97,291 (-55.7%), from €174,710 to €77,419
mainly Contributions, distributions and other (-€163,810) and Deferred charges and accrued income (-€32,724)
- Deferred charges and accrued income +€32,724
up €32,724 (+122%), from €26,805 to €59,530
- Receivables within one year -€8,322
down €8,322 (-26.4%), from €31,508 to €23,186
- Tangible fixed assets -€3,707
down €3,707 (-17.9%), from €20,736 to €17,029
of which Furniture and vehicles: -€3,332
- Reserves -€163,810
no longer reported in 2025 (was €163,810)
- Profit (loss) carried forward +€102,110
new in 2025: €102,110
- Tax, wage and social debts -€9,678
down €9,678 (-71.4%), from €13,563 to €3,885
- Debts after one year -€8,750
down €8,750 (-28.6%), from €30,625 to €21,875
- Accrued charges and deferred income +€8,489
up €8,489 (+37.8%), from €22,434 to €30,923
- Gross operating margin +€68,525
up €68,525 (+96.7%), from €70,841 to €139,365
- Taxes +€15,322
up €15,322 (+113%), from €13,563 to €28,885
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 | €253,759 | €177,163 | -€76,596 | -30.2% |
| Fixed assets | 21/28 | €20,736 | €17,029 | -€3,707 | -17.9% |
| Tangible fixed assets | 22/27 | €20,736 | €17,029 | -€3,707 | -17.9% |
| Furniture and vehicles | 24 | €18,021 | €14,689 | -€3,332 | -18.5% |
| Other tangible fixed assets | 26 | €2,715 | €2,340 | -€375 | -13.8% |
| Current assets | 29/58 | €233,023 | €160,134 | -€72,889 | -31.3% |
| Amounts receivable within one year | 40/41 | €31,508 | €23,186 | -€8,322 | -26.4% |
| Other amounts receivable | 41 | €31,508 | €23,186 | -€8,322 | -26.4% |
| Cash at bank and in hand | 54/58 | €174,710 | €77,419 | -€97,291 | -55.7% |
| Deferred charges and accrued income | 490/1 | €26,805 | €59,530 | +€32,724 | +122% |
| Total equity and liabilities | 10/49 | €253,759 | €177,163 | -€76,596 | -30.2% |
| Equity | 10/15 | €166,810 | €105,110 | -€61,701 | -37.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €163,810 | - | -€163,810 | |
| Distributable reserves | 133 | €163,810 | - | -€163,810 | |
| Profit (loss) carried forward | 14 | - | €102,110 | +€102,110 | |
| Amounts payable | 17/49 | €86,949 | €72,053 | -€14,895 | -17.1% |
| Amounts payable after more than one year | 17 | €30,625 | €21,875 | -€8,750 | -28.6% |
| Financial debts | 170/4 | €30,625 | €21,875 | -€8,750 | -28.6% |
| Amounts payable within one year | 42/48 | €33,890 | €19,256 | -€14,635 | -43.2% |
| Trade debts | 44 | €18,918 | €15,364 | -€3,554 | -18.8% |
| Suppliers | 440/4 | €18,918 | €15,364 | -€3,554 | -18.8% |
| Taxes, remuneration and social security | 45 | €13,563 | €3,885 | -€9,678 | -71.4% |
| Taxes | 450/3 | €13,563 | €3,885 | -€9,678 | -71.4% |
| Other amounts payable | 47/48 | €1,409 | €7 | -€1,402 | -99.5% |
| Accrued charges and deferred income | 492/3 | €22,434 | €30,923 | +€8,489 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,078 | €7,127 | +€1,050 | +17.3% |
| Other operating charges | 640/8 | €1,021 | €1,045 | +€24 | +2.4% |
| Gross operating margin | 9900 | €70,841 | €139,365 | +€68,525 | +96.7% |
| Operating profit (loss) | 9901 | €63,742 | €131,193 | +€67,451 | +106% |
| Financial income | 75/76B | €608 | €455 | -€153 | -25.2% |
| Recurring financial income | 75 | €608 | €455 | -€153 | -25.2% |
| Financial charges | 65/66B | €591 | €653 | +€62 | +10.4% |
| Recurring financial charges | 65 | €591 | €653 | +€62 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | €63,759 | €130,995 | +€67,236 | +105% |
| Income taxes | 67/77 | €13,563 | €28,885 | +€15,322 | +113% |
| Profit (loss) for the period | 9904 | €50,195 | €102,110 | +€51,914 | +103% |
| Profit (loss) for the period to be appropriated | 9905 | €50,195 | €102,110 | +€51,914 | +103% |
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 23 October 2026 via checked.be.