FRE Invest: 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 Invest
Largest movements
- Cash +€402
up €402 (+13.6%), from €2,952 to €3,354
mainly Other debts (+€1,320) and Trade debts (+€794)
- Receivables within one year -€259
down €259 (-7.0%), from €3,691 to €3,431
- Profit (loss) carried forward -€1,971
down €1,971 (-5.0%), from -€39,529 to -€41,501
- Other debts +€1,320
up €1,320 (+5.4%), from €24,247 to €25,567
- Trade debts +€794
up €794 (+23.9%), from €3,325 to €4,120
- Gross operating margin -€1,882
down €1,882, from €1,311 to -€571
- Financial charges +€116
up €116 (+16.0%), from €726 to €842
- Financial income +€41
new in 2025: €41
- Other operating charges +€16
up €16 (+2.7%), from €583 to €599
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 | €6,643 | €6,786 | +€143 | +2.1% |
| Current assets | 29/58 | €6,643 | €6,786 | +€143 | +2.1% |
| Amounts receivable within one year | 40/41 | €3,691 | €3,431 | -€259 | -7.0% |
| Other amounts receivable | 41 | €3,691 | €3,431 | -€259 | -7.0% |
| Cash at bank and in hand | 54/58 | €2,952 | €3,354 | +€402 | +13.6% |
| Total equity and liabilities | 10/49 | €6,643 | €6,786 | +€143 | +2.1% |
| Equity | 10/15 | -€20,929 | -€22,901 | -€1,971 | -9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,529 | -€41,501 | -€1,971 | -5.0% |
| Amounts payable | 17/49 | €27,572 | €29,686 | +€2,114 | +7.7% |
| Amounts payable within one year | 42/48 | €27,572 | €29,686 | +€2,114 | +7.7% |
| Trade debts | 44 | €3,325 | €4,120 | +€794 | +23.9% |
| Suppliers | 440/4 | €3,325 | €4,120 | +€794 | +23.9% |
| Other amounts payable | 47/48 | €24,247 | €25,567 | +€1,320 | +5.4% |
| Other operating charges | 640/8 | €583 | €599 | +€16 | +2.7% |
| Gross operating margin | 9900 | €1,311 | -€571 | -€1,882 | |
| Operating profit (loss) | 9901 | €728 | -€1,170 | -€1,898 | |
| Financial income | 75/76B | - | €41 | +€41 | |
| Recurring financial income | 75 | - | €41 | +€41 | |
| Financial charges | 65/66B | €726 | €842 | +€116 | +16.0% |
| Recurring financial charges | 65 | €726 | €842 | +€116 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €2 | -€1,971 | -€1,973 | |
| Profit (loss) for the period | 9904 | €2 | -€1,971 | -€1,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €2 | -€1,971 | -€1,973 |
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 1 November 2026 via checked.be.