Fre en Bo: what changed
Fre en Bo
Largest movements
- Cash +€26,676
up €26,676 (+63.2%), from €42,223 to €68,899
mainly Tax, wage and social debts (+€21,873) and Net result for the year (+€20,036)
- Tangible fixed assets -€7,573
down €7,573 (-19.6%), from €38,570 to €30,997
of which Plant, machinery and equipment: -€6,103
- Receivables within one year +€2,047
up €2,047 (+4.1%), from €49,440 to €51,487
of which Other amounts receivable: +€4,423
- Tax, wage and social debts +€21,873
up €21,873 (+216%), from €10,129 to €32,002
of which Taxes: +€20,448
- Reserves +€20,036
up €20,036 (+26.6%), from €75,397 to €95,433
of which Distributable reserves: +€21,896
- Trade debts -€14,241
down €14,241 (-99.4%), from €14,328 to €88
- Debts after one year -€3,357
down €3,357 (-34.4%), from €9,748 to €6,392
- Current portion of long-term debt -€1,874
down €1,874 (-35.8%), from €5,230 to €3,357
- Gross operating margin -€22,839
down €22,839 (-26.7%), from €85,653 to €62,814
- Depreciation -€9,544
down €9,544 (-48.0%), from €19,884 to €10,340
- Taxes -€4,661
down €4,661 (-25.4%), from €18,357 to €13,697
- Staff costs +€3,476
up €3,476 (+38.5%), from €9,028 to €12,504
- Other operating charges +€1,634
up €1,634 (+98.2%), from €1,665 to €3,299
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,233 | €152,671 | +€22,438 | +17.2% |
| Fixed assets | 21/28 | €38,570 | €30,997 | -€7,573 | -19.6% |
| Tangible fixed assets | 22/27 | €38,570 | €30,997 | -€7,573 | -19.6% |
| Land and buildings | 22 | €11,812 | €12,683 | +€871 | +7.4% |
| Plant, machinery and equipment | 23 | €22,163 | €16,060 | -€6,103 | -27.5% |
| Furniture and vehicles | 24 | €4,595 | €2,254 | -€2,341 | -50.9% |
| Current assets | 29/58 | €91,663 | €121,674 | +€30,011 | +32.7% |
| Amounts receivable within one year | 40/41 | €49,440 | €51,487 | +€2,047 | +4.1% |
| Trade receivables | 40 | €10,614 | €8,239 | -€2,375 | -22.4% |
| Other amounts receivable | 41 | €38,826 | €43,248 | +€4,423 | +11.4% |
| Cash at bank and in hand | 54/58 | €42,223 | €68,899 | +€26,676 | +63.2% |
| Deferred charges and accrued income | 490/1 | €0 | €1,287 | +€1,287 | |
| Total equity and liabilities | 10/49 | €130,233 | €152,671 | +€22,438 | +17.2% |
| Equity | 10/15 | €90,797 | €110,833 | +€20,036 | +22.1% |
| Contributions | 10/11 | €15,400 | €15,400 | = | 0.0% |
| Reserves | 13 | €75,397 | €95,433 | +€20,036 | +26.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €73,537 | €95,433 | +€21,896 | +29.8% |
| Amounts payable | 17/49 | €39,437 | €41,838 | +€2,402 | +6.1% |
| Amounts payable after more than one year | 17 | €9,748 | €6,392 | -€3,357 | -34.4% |
| Financial debts | 170/4 | €9,748 | €6,392 | -€3,357 | -34.4% |
| Amounts payable within one year | 42/48 | €29,688 | €35,447 | +€5,758 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €5,230 | €3,357 | -€1,874 | -35.8% |
| Trade debts | 44 | €14,328 | €88 | -€14,241 | -99.4% |
| Suppliers | 440/4 | €14,328 | €88 | -€14,241 | -99.4% |
| Taxes, remuneration and social security | 45 | €10,129 | €32,002 | +€21,873 | +216% |
| Taxes | 450/3 | €8,985 | €29,433 | +€20,448 | +228% |
| Remuneration and social security | 454/9 | €1,144 | €2,569 | +€1,425 | +125% |
| Remuneration, social security and pensions | 62 | €9,028 | €12,504 | +€3,476 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,884 | €10,340 | -€9,544 | -48.0% |
| Other operating charges | 640/8 | €1,665 | €3,299 | +€1,634 | +98.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €85,653 | €62,814 | -€22,839 | -26.7% |
| Operating profit (loss) | 9901 | €55,075 | €36,670 | -€18,405 | -33.4% |
| Financial income | 75/76B | €0 | €157 | +€157 | |
| Recurring financial income | 75 | €0 | €157 | +€157 | |
| Financial charges | 65/66B | €3,259 | €3,094 | -€165 | -5.1% |
| Recurring financial charges | 65 | €3,259 | €3,094 | -€165 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €51,816 | €33,733 | -€18,084 | -34.9% |
| Income taxes | 67/77 | €18,357 | €13,697 | -€4,661 | -25.4% |
| Profit (loss) for the period | 9904 | €33,459 | €20,036 | -€13,423 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,459 | €20,036 | -€13,423 | -40.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.