FRE DEVELOPMENT: 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 DEVELOPMENT
Largest movements
- Cash +€19,520
up €19,520 (+1,235%), from €1,580 to €21,100
mainly Receivables within one year (+€18,040) and Net result for the year (+€1,472)
- Receivables within one year -€18,040
down €18,040 (-9.1%), from €198,104 to €180,064
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€309
down €309 (-16.9%), from -€1,825 to -€2,134
- Financial income +€138
up €138 (+3.5%), from €3,960 to €4,098
- Other operating charges -€57
down €57 (-11.2%), from €505 to €449
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 | €488,636 | €490,115 | +€1,480 | +0.3% |
| Fixed assets | 21/28 | €288,952 | €288,952 | = | 0.0% |
| Financial fixed assets | 28 | €288,952 | €288,952 | = | 0.0% |
| Current assets | 29/58 | €199,684 | €201,163 | +€1,480 | +0.7% |
| Amounts receivable within one year | 40/41 | €198,104 | €180,064 | -€18,040 | -9.1% |
| Other amounts receivable | 41 | €198,104 | €180,064 | -€18,040 | -9.1% |
| Cash at bank and in hand | 54/58 | €1,580 | €21,100 | +€19,520 | +1,235% |
| Total equity and liabilities | 10/49 | €488,636 | €490,115 | +€1,480 | +0.3% |
| Equity | 10/15 | -€80,958 | -€79,486 | +€1,472 | +1.8% |
| Contributions | 10/11 | €65,200 | €65,200 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,158 | -€154,686 | +€1,472 | +0.9% |
| Amounts payable | 17/49 | €569,594 | €569,602 | +€8 | 0.0% |
| Amounts payable within one year | 42/48 | €569,594 | €569,302 | -€292 | -0.1% |
| Trade debts | 44 | €514 | €222 | -€292 | -56.9% |
| Suppliers | 440/4 | €514 | €222 | -€292 | -56.9% |
| Other amounts payable | 47/48 | €569,080 | €569,080 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Other operating charges | 640/8 | €505 | €449 | -€57 | -11.2% |
| Gross operating margin | 9900 | -€1,825 | -€2,134 | -€309 | -16.9% |
| Operating profit (loss) | 9901 | -€2,330 | -€2,582 | -€253 | -10.8% |
| Financial income | 75/76B | €3,960 | €4,098 | +€138 | +3.5% |
| Recurring financial income | 75 | €3,960 | €4,098 | +€138 | +3.5% |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €1,591 | €1,472 | -€119 | -7.5% |
| Profit (loss) for the period | 9904 | €1,591 | €1,472 | -€119 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,591 | €1,472 | -€119 | -7.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.