FREAN: 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.
FREAN
Largest movements
- Tangible fixed assets -€4,462
down €4,462 (-2.8%), from €160,160 to €155,698
- Debts after one year -€15,863
down €15,863 (-13.3%), from €118,913 to €103,050
- Profit (loss) carried forward +€8,347
up €8,347 (+12.4%), from -€67,100 to -€58,753
- Depreciation -€5,573
down €5,573 (-55.5%), from €10,034 to €4,462
- Gross operating margin -€2,349
down €2,349 (-10.6%), from €22,162 to €19,813
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 | €161,564 | €155,988 | -€5,576 | -3.5% |
| Fixed assets | 21/28 | €160,160 | €155,698 | -€4,462 | -2.8% |
| Tangible fixed assets | 22/27 | €160,160 | €155,698 | -€4,462 | -2.8% |
| Land and buildings | 22 | €160,160 | €155,698 | -€4,462 | -2.8% |
| Current assets | 29/58 | €1,404 | €289 | -€1,115 | -79.4% |
| Cash at bank and in hand | 54/58 | €1,336 | €221 | -€1,115 | -83.4% |
| Deferred charges and accrued income | 490/1 | €67 | €68 | +€0 | +0.6% |
| Total equity and liabilities | 10/49 | €161,564 | €155,988 | -€5,576 | -3.5% |
| Equity | 10/15 | -€48,500 | -€40,153 | +€8,347 | +17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,100 | -€58,753 | +€8,347 | +12.4% |
| Amounts payable | 17/49 | €210,064 | €196,141 | -€13,923 | -6.6% |
| Amounts payable after more than one year | 17 | €118,913 | €103,050 | -€15,863 | -13.3% |
| Financial debts | 170/4 | €118,913 | €103,050 | -€15,863 | -13.3% |
| Amounts payable within one year | 42/48 | €91,151 | €93,091 | +€1,940 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €15,457 | €15,863 | +€407 | +2.6% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €75,694 | €77,227 | +€1,533 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,034 | €4,462 | -€5,573 | -55.5% |
| Other operating charges | 640/8 | €4,079 | €4,204 | +€125 | +3.1% |
| Gross operating margin | 9900 | €22,162 | €19,813 | -€2,349 | -10.6% |
| Operating profit (loss) | 9901 | €8,049 | €11,148 | +€3,099 | +38.5% |
| Financial charges | 65/66B | €2,968 | €2,801 | -€167 | -5.6% |
| Recurring financial charges | 65 | €2,968 | €2,801 | -€167 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €5,081 | €8,347 | +€3,266 | +64.3% |
| Profit (loss) for the period | 9904 | €5,081 | €8,347 | +€3,266 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,081 | €8,347 | +€3,266 | +64.3% |
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.