FRE-CO: 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.
FRE-CO
Largest movements
- Tangible fixed assets -€7,645
down €7,645 (-86.7%), from €8,817 to €1,172
of which Furniture and vehicles: -€6,489
- Cash -€1,373
down €1,373 (-37.1%), from €3,703 to €2,330
mainly Other debts (-€7,675) and Current portion of long-term debt (-€5,802)
- Receivables within one year -€492
down €492 (-8.3%), from €5,913 to €5,421
- Deferred charges and accrued income -€455
no longer reported in 2025 (was €455)
- Profit (loss) carried forward +€10,667
up €10,667 (+51.5%), from -€20,707 to -€10,040
- Other debts -€7,675
down €7,675 (-51.7%), from €14,858 to €7,183
- Current portion of long-term debt -€5,802
down €5,802 (-83.2%), from €6,971 to €1,169
- Tax, wage and social debts -€5,403
down €5,403 (-57.3%), from €9,425 to €4,022
of which Remuneration and social security: -€2,775
- Debts after one year -€1,169
no longer reported in 2025 (was €1,169)
- Gross operating margin +€25,449
up €25,449, from -€2,686 to €22,763
- Taxes +€1,882
up €1,882 (+662.7%), from €284 to €2,166
- Other operating charges +€1,327
up €1,327 (+171.4%), from €774 to €2,101
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.
Cash bridge derived
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 | €18,888 | €8,923 | -€9,965 | -52.8% |
| Fixed assets | 21/28 | €8,817 | €1,172 | -€7,645 | -86.7% |
| Tangible fixed assets | 22/27 | €8,817 | €1,172 | -€7,645 | -86.7% |
| Plant, machinery and equipment | 23 | €1,264 | €108 | -€1,156 | -91.5% |
| Furniture and vehicles | 24 | €7,553 | €1,064 | -€6,489 | -85.9% |
| Current assets | 29/58 | €10,071 | €7,751 | -€2,320 | -23.0% |
| Amounts receivable within one year | 40/41 | €5,913 | €5,421 | -€492 | -8.3% |
| Trade receivables | 40 | €5,913 | €5,421 | -€492 | -8.3% |
| Cash at bank and in hand | 54/58 | €3,703 | €2,330 | -€1,373 | -37.1% |
| Deferred charges and accrued income | 490/1 | €455 | - | -€455 | |
| Total equity and liabilities | 10/49 | €18,888 | €8,923 | -€9,965 | -52.8% |
| Equity | 10/15 | -€14,707 | -€4,040 | +€10,667 | +72.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,707 | -€10,040 | +€10,667 | +51.5% |
| Amounts payable | 17/49 | €33,595 | €12,963 | -€20,632 | -61.4% |
| Amounts payable after more than one year | 17 | €1,169 | - | -€1,169 | |
| Financial debts | 170/4 | €1,169 | - | -€1,169 | |
| Amounts payable within one year | 42/48 | €32,426 | €12,963 | -€19,463 | -60.0% |
| Current portion of amounts payable after more than one year | 42 | €6,971 | €1,169 | -€5,802 | -83.2% |
| Trade debts | 44 | €1,172 | €589 | -€583 | -49.7% |
| Suppliers | 440/4 | €1,172 | €589 | -€583 | -49.7% |
| Taxes, remuneration and social security | 45 | €9,425 | €4,022 | -€5,403 | -57.3% |
| Taxes | 450/3 | €6,650 | €4,022 | -€2,628 | -39.5% |
| Remuneration and social security | 454/9 | €2,775 | - | -€2,775 | |
| Other amounts payable | 47/48 | €14,858 | €7,183 | -€7,675 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,646 | €7,645 | -€1 | 0.0% |
| Other operating charges | 640/8 | €774 | €2,101 | +€1,327 | +171.4% |
| Gross operating margin | 9900 | -€2,686 | €22,763 | +€25,449 | |
| Operating profit (loss) | 9901 | -€11,106 | €13,017 | +€24,123 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €376 | €193 | -€183 | -48.7% |
| Recurring financial charges | 65 | €376 | €193 | -€183 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,482 | €12,833 | +€24,315 | |
| Income taxes | 67/77 | €284 | €2,166 | +€1,882 | +662.7% |
| Profit (loss) for the period | 9904 | -€11,766 | €10,667 | +€22,433 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,766 | €10,667 | +€22,433 |
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 9 October 2026 via checked.be.