FERME DE FREYAN: 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.
FERME DE FREYAN
Largest movements
- Receivables within one year -€29,647
down €29,647 (-29.5%), from €100,580 to €70,933
of which Trade receivables: -€15,178
- Stocks and contracts +€25,037
up €25,037 (+32.8%), from €76,353 to €101,390
- Cash +€22,370
up €22,370 (+32.7%), from €68,414 to €90,784
mainly Receivables within one year (+€29,647) and Net result for the year (+€22,105)
- Tangible fixed assets -€10,950
down €10,950 (-43.4%), from €25,208 to €14,257
of which Plant, machinery and equipment: -€9,531
- Intangible fixed assets -€8,629
down €8,629 (-4.9%), from €176,257 to €167,628
- Trade debts -€16,119
down €16,119 (-36.0%), from €44,715 to €28,595
- Debts after one year -€14,100
down €14,100 (-9.9%), from €142,300 to €128,200
- Reserves +€13,000
up €13,000 (+5.6%), from €233,700 to €246,700
of which Distributable reserves: +€13,000
- Other debts +€10,781
up €10,781 (+325%), from €3,322 to €14,103
- Gross operating margin +€7,315
up €7,315 (+14.6%), from €49,944 to €57,258
- Depreciation -€4,553
down €4,553 (-18.9%), from €24,132 to €19,579
- Taxes +€4,097
up €4,097 (+55.8%), from €7,348 to €11,445
- Other operating charges -€810
down €810 (-36.4%), from €2,226 to €1,416
- Financial charges -€601
down €601 (-16.0%), from €3,752 to €3,151
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 | €469,687 | €467,124 | -€2,563 | -0.5% |
| Fixed assets | 21/28 | €221,920 | €202,340 | -€19,579 | -8.8% |
| Intangible fixed assets | 21 | €176,257 | €167,628 | -€8,629 | -4.9% |
| Tangible fixed assets | 22/27 | €25,208 | €14,257 | -€10,950 | -43.4% |
| Plant, machinery and equipment | 23 | €23,235 | €13,704 | -€9,531 | -41.0% |
| Furniture and vehicles | 24 | €1,973 | €554 | -€1,419 | -71.9% |
| Financial fixed assets | 28 | €20,455 | €20,455 | = | 0.0% |
| Current assets | 29/58 | €247,768 | €264,784 | +€17,016 | +6.9% |
| Stocks and contracts in progress | 3 | €76,353 | €101,390 | +€25,037 | +32.8% |
| Stocks | 30/36 | €76,353 | €101,390 | +€25,037 | +32.8% |
| Amounts receivable within one year | 40/41 | €100,580 | €70,933 | -€29,647 | -29.5% |
| Trade receivables | 40 | €86,111 | €70,933 | -€15,178 | -17.6% |
| Other amounts receivable | 41 | €14,469 | - | -€14,469 | |
| Cash at bank and in hand | 54/58 | €68,414 | €90,784 | +€22,370 | +32.7% |
| Deferred charges and accrued income | 490/1 | €2,421 | €1,677 | -€744 | -30.7% |
| Total equity and liabilities | 10/49 | €469,687 | €467,124 | -€2,563 | -0.5% |
| Equity | 10/15 | €262,783 | €275,888 | +€13,105 | +5.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €233,700 | €246,700 | +€13,000 | +5.6% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,200 | €41,200 | = | 0.0% |
| Distributable reserves | 133 | €188,500 | €201,500 | +€13,000 | +6.9% |
| Profit (loss) carried forward | 14 | €9,083 | €9,188 | +€105 | +1.2% |
| Amounts payable | 17/49 | €206,904 | €191,236 | -€15,668 | -7.6% |
| Amounts payable after more than one year | 17 | €142,300 | €128,200 | -€14,100 | -9.9% |
| Financial debts | 170/4 | €142,300 | €128,200 | -€14,100 | -9.9% |
| Amounts payable within one year | 42/48 | €64,293 | €62,024 | -€2,269 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €14,100 | €14,100 | = | 0.0% |
| Trade debts | 44 | €44,715 | €28,595 | -€16,119 | -36.0% |
| Suppliers | 440/4 | €44,715 | €28,595 | -€16,119 | -36.0% |
| Taxes, remuneration and social security | 45 | €2,157 | €5,226 | +€3,069 | +142% |
| Taxes | 450/3 | €2,157 | €5,226 | +€3,069 | +142% |
| Other amounts payable | 47/48 | €3,322 | €14,103 | +€10,781 | +325% |
| Accrued charges and deferred income | 492/3 | €311 | €1,012 | +€701 | +225% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,132 | €19,579 | -€4,553 | -18.9% |
| Other operating charges | 640/8 | €2,226 | €1,416 | -€810 | -36.4% |
| Gross operating margin | 9900 | €49,944 | €57,258 | +€7,315 | +14.6% |
| Operating profit (loss) | 9901 | €23,586 | €36,263 | +€12,677 | +53.7% |
| Financial income | 75/76B | €687 | €439 | -€248 | -36.1% |
| Recurring financial income | 75 | €687 | €439 | -€248 | -36.1% |
| Financial charges | 65/66B | €3,752 | €3,151 | -€601 | -16.0% |
| Recurring financial charges | 65 | €3,752 | €3,151 | -€601 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €20,521 | €33,551 | +€13,030 | +63.5% |
| Income taxes | 67/77 | €7,348 | €11,445 | +€4,097 | +55.8% |
| Profit (loss) for the period | 9904 | €13,173 | €22,105 | +€8,933 | +67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,173 | €22,105 | +€8,933 | +67.8% |
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.