FRE SOLUTIONS: 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 SOLUTIONS
Largest movements
- Cash +€6,488
up €6,488 (+372.0%), from €1,744 to €8,232
mainly Net result for the year (+€7,728) and Tax, wage and social debts (+€6,226)
- Receivables within one year +€6,464
up €6,464 (+67.4%), from €9,595 to €16,059
of which Trade receivables: +€5,833
- Tangible fixed assets +€2,370
up €2,370 (+31.9%), from €7,421 to €9,791
of which Plant, machinery and equipment: +€2,719
- Reserves +€6,895
up €6,895 (+160.6%), from €4,293 to €11,188
- Tax, wage and social debts +€6,226
up €6,226 (+62.0%), from €10,040 to €16,266
of which Taxes: +€3,726
- Other debts +€3,317
up €3,317 (+402.2%), from €825 to €4,142
- Accrued charges and deferred income -€1,300
down €1,300 (-100.0%), from €1,300 to €0
- Gross operating margin +€7,647
up €7,647 (+82.3%), from €9,292 to €16,939
- Taxes +€1,726
up €1,726 (+65.3%), from €2,643 to €4,368
- Depreciation +€618
up €618 (+79.0%), from €783 to €1,401
- Financial charges +€251
up €251 (+17.4%), from €1,439 to €1,690
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 | €19,703 | €34,976 | +€15,273 | +77.5% |
| Fixed assets | 21/28 | €7,546 | €9,916 | +€2,370 | +31.4% |
| Tangible fixed assets | 22/27 | €7,421 | €9,791 | +€2,370 | +31.9% |
| Plant, machinery and equipment | 23 | €6,578 | €9,297 | +€2,719 | +41.3% |
| Furniture and vehicles | 24 | €843 | €494 | -€349 | -41.4% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €12,157 | €25,060 | +€12,903 | +106.1% |
| Amounts receivable within one year | 40/41 | €9,595 | €16,059 | +€6,464 | +67.4% |
| Trade receivables | 40 | €9,595 | €15,428 | +€5,833 | +60.8% |
| Other amounts receivable | 41 | - | €632 | +€632 | |
| Cash at bank and in hand | 54/58 | €1,744 | €8,232 | +€6,488 | +372.0% |
| Deferred charges and accrued income | 490/1 | €818 | €769 | -€50 | -6.1% |
| Total equity and liabilities | 10/49 | €19,703 | €34,976 | +€15,273 | +77.5% |
| Equity | 10/15 | €6,293 | €13,188 | +€6,895 | +109.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,293 | €11,188 | +€6,895 | +160.6% |
| Distributable reserves | 133 | €4,293 | €11,188 | +€6,895 | +160.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,411 | €21,788 | +€8,377 | +62.5% |
| Amounts payable within one year | 42/48 | €12,111 | €21,788 | +€9,677 | +79.9% |
| Trade debts | 44 | €1,245 | €1,379 | +€134 | +10.8% |
| Suppliers | 440/4 | €1,245 | €1,379 | +€134 | +10.8% |
| Taxes, remuneration and social security | 45 | €10,040 | €16,266 | +€6,226 | +62.0% |
| Taxes | 450/3 | €10,040 | €13,766 | +€3,726 | +37.1% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €825 | €4,142 | +€3,317 | +402.2% |
| Accrued charges and deferred income | 492/3 | €1,300 | €0 | -€1,300 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €783 | €1,401 | +€618 | +79.0% |
| Other operating charges | 640/8 | €164 | €99 | -€65 | -39.4% |
| Non-recurring operating charges | 66A | - | €1,652 | +€1,652 | |
| Gross operating margin | 9900 | €9,292 | €16,939 | +€7,647 | +82.3% |
| Operating profit (loss) | 9901 | €8,345 | €13,786 | +€5,441 | +65.2% |
| Financial income | 75/76B | €29 | €0 | -€28 | -98.7% |
| Recurring financial income | 75 | €29 | €0 | -€28 | -98.7% |
| Financial charges | 65/66B | €1,439 | €1,690 | +€251 | +17.4% |
| Recurring financial charges | 65 | €1,439 | €1,690 | +€251 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €6,935 | €12,097 | +€5,162 | +74.4% |
| Income taxes | 67/77 | €2,643 | €4,368 | +€1,726 | +65.3% |
| Profit (loss) for the period | 9904 | €4,293 | €7,728 | +€3,436 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,293 | €7,728 | +€3,436 | +80.0% |
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 1 October 2026 via checked.be.