FRE-JU: what changed
Two fiscal 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-JU
Largest movements
- Tangible fixed assets +€43,776
up €43,776 (+2.5%), from €1.7m to €1.8m
of which Land and buildings: +€30,442
- Reserves +€25,771
new in 2025: €25,771
- Depreciation +€11,002
up €11,002 (+54.1%), from €20,344 to €31,346
- Gross operating margin +€8,679
up €8,679 (+15.0%), from €57,700 to €66,378
- Other operating charges +€1,249
up €1,249 (+834.5%), from €150 to €1,399
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 | €1,817,402 | €1,851,707 | +€34,305 | +1.9% |
| Fixed assets | 21/28 | €1,748,312 | €1,792,089 | +€43,776 | +2.5% |
| Tangible fixed assets | 22/27 | €1,748,312 | €1,792,089 | +€43,776 | +2.5% |
| Land and buildings | 22 | €1,741,651 | €1,772,093 | +€30,442 | +1.7% |
| Plant, machinery and equipment | 23 | €2,716 | €17,389 | +€14,673 | +540.3% |
| Furniture and vehicles | 24 | €3,946 | €2,607 | -€1,339 | -33.9% |
| Current assets | 29/58 | €69,090 | €59,619 | -€9,471 | -13.7% |
| Amounts receivable within one year | 40/41 | €1,966 | - | -€1,966 | |
| Trade receivables | 40 | €1,966 | - | -€1,966 | |
| Cash at bank and in hand | 54/58 | €67,124 | €56,884 | -€10,240 | -15.3% |
| Deferred charges and accrued income | 490/1 | - | €2,735 | +€2,735 | |
| Total equity and liabilities | 10/49 | €1,817,402 | €1,851,707 | +€34,305 | +1.9% |
| Equity | 10/15 | €1,799,428 | €1,825,200 | +€25,771 | +1.4% |
| Contributions | 10/11 | €1,770,000 | €1,770,000 | = | 0.0% |
| Reserves | 13 | - | €25,771 | +€25,771 | |
| Distributable reserves | 133 | - | €25,771 | +€25,771 | |
| Profit (loss) carried forward | 14 | €29,428 | €29,428 | = | 0.0% |
| Amounts payable | 17/49 | €17,974 | €26,508 | +€8,534 | +47.5% |
| Amounts payable within one year | 42/48 | €17,974 | €25,419 | +€7,445 | +41.4% |
| Trade debts | 44 | €1,420 | €817 | -€604 | -42.5% |
| Suppliers | 440/4 | €1,420 | €817 | -€604 | -42.5% |
| Taxes, remuneration and social security | 45 | €10,046 | €16,597 | +€6,551 | +65.2% |
| Taxes | 450/3 | €7,946 | €15,683 | +€7,737 | +97.4% |
| Remuneration and social security | 454/9 | €2,100 | €914 | -€1,186 | -56.5% |
| Other amounts payable | 47/48 | €6,507 | €8,004 | +€1,497 | +23.0% |
| Accrued charges and deferred income | 492/3 | - | €1,089 | +€1,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,344 | €31,346 | +€11,002 | +54.1% |
| Other operating charges | 640/8 | €150 | €1,399 | +€1,249 | +834.5% |
| Gross operating margin | 9900 | €57,700 | €66,378 | +€8,679 | +15.0% |
| Operating profit (loss) | 9901 | €37,206 | €33,633 | -€3,573 | -9.6% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | - | €28 | +€28 | |
| Recurring financial charges | 65 | - | €28 | +€28 | |
| Profit (loss) for the period before taxes | 9903 | €37,206 | €33,615 | -€3,591 | -9.7% |
| Income taxes | 67/77 | €7,778 | €7,844 | +€66 | +0.9% |
| Profit (loss) for the period | 9904 | €29,428 | €25,771 | -€3,657 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,428 | €25,771 | -€3,657 | -12.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.