FREANN: 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.
FREANN
Largest movements
- Tangible fixed assets -€25,318
down €25,318 (-8.9%), from €285,518 to €260,200
of which Land and buildings: -€16,335
- Cash +€8,769
up €8,769 (+55.3%), from €15,846 to €24,616
mainly Depreciation (+€25,318) and Net result for the year (+€4,816)
- Debts after one year -€16,778
down €16,778 (-7.6%), from €220,760 to €203,982
- Gross operating margin -€3,780
down €3,780 (-8.2%), from €45,896 to €42,116
- Depreciation +€2,024
up €2,024 (+8.7%), from €23,294 to €25,318
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €330,363 | €314,694 | -€15,669 | -4.7% |
| Fixed assets | 21/28 | €285,518 | €260,200 | -€25,318 | -8.9% |
| Tangible fixed assets | 22/27 | €285,518 | €260,200 | -€25,318 | -8.9% |
| Land and buildings | 22 | €257,822 | €241,487 | -€16,335 | -6.3% |
| Plant, machinery and equipment | 23 | €10,903 | €5,752 | -€5,151 | -47.2% |
| Furniture and vehicles | 24 | €14,780 | €11,619 | -€3,161 | -21.4% |
| Other tangible fixed assets | 26 | €2,012 | €1,342 | -€671 | -33.3% |
| Current assets | 29/58 | €44,846 | €54,494 | +€9,648 | +21.5% |
| Amounts receivable within one year | 40/41 | €28,999 | €29,879 | +€879 | +3.0% |
| Trade receivables | 40 | €28,999 | €29,817 | +€818 | +2.8% |
| Other amounts receivable | 41 | - | €61 | +€61 | |
| Cash at bank and in hand | 54/58 | €15,846 | €24,616 | +€8,769 | +55.3% |
| Total equity and liabilities | 10/49 | €330,363 | €314,694 | -€15,669 | -4.7% |
| Equity | 10/15 | €86,370 | €88,689 | +€2,320 | +2.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,910 | €68,229 | +€2,320 | +3.5% |
| Amounts payable | 17/49 | €243,994 | €226,005 | -€17,989 | -7.4% |
| Amounts payable after more than one year | 17 | €220,760 | €203,982 | -€16,778 | -7.6% |
| Financial debts | 170/4 | €220,760 | €203,982 | -€16,778 | -7.6% |
| Amounts payable within one year | 42/48 | €23,234 | €22,023 | -€1,211 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €18,588 | €18,051 | -€537 | -2.9% |
| Trade debts | 44 | €3,606 | €2,872 | -€734 | -20.4% |
| Suppliers | 440/4 | €3,606 | €2,872 | -€734 | -20.4% |
| Taxes, remuneration and social security | 45 | €1,040 | €800 | -€240 | -23.1% |
| Taxes | 450/3 | €1,040 | €800 | -€240 | -23.1% |
| Other amounts payable | 47/48 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,294 | €25,318 | +€2,024 | +8.7% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | €5,000 | - | -€5,000 | |
| Gross operating margin | 9900 | €45,896 | €42,116 | -€3,780 | -8.2% |
| Operating profit (loss) | 9901 | €17,217 | €16,411 | -€807 | -4.7% |
| Financial income | 75/76B | - | €32 | +€32 | |
| Recurring financial income | 75 | - | €32 | +€32 | |
| Non-recurring financial income | 76B | - | €32 | +€32 | |
| Financial charges | 65/66B | €7,761 | €7,894 | +€133 | +1.7% |
| Recurring financial charges | 65 | €7,761 | €7,894 | +€133 | +1.7% |
| Non-recurring financial charges | 66B | €7,761 | €7,894 | +€133 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €9,456 | €8,548 | -€907 | -9.6% |
| Income taxes | 67/77 | €3,990 | €3,732 | -€258 | -6.5% |
| Profit (loss) for the period | 9904 | €5,466 | €4,816 | -€650 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,466 | €4,816 | -€650 | -11.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.