FREBA: 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.
FREBA
Largest movements
- Deferred charges and accrued income -€12,000
down €12,000 (-100.0%), from €12,000 to €0
- Receivables within one year +€5,386
up €5,386 (+44960.2%), from €12 to €5,398
- Other debts +€57,856
up €57,856 (+63.2%), from €91,510 to €149,366
- Reserves -€47,073
down €47,073 (-13.1%), from €359,403 to €312,331
of which Distributable reserves: -€47,073
- Tax, wage and social debts -€12,339
down €12,339 (-91.0%), from €13,560 to €1,222
- Gross operating margin -€15,285
down €15,285 (-41.5%), from €36,807 to €21,522
- Taxes -€5,448
down €5,448 (-45.2%), from €12,050 to €6,602
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 | €497,547 | €495,232 | -€2,315 | -0.5% |
| Fixed assets | 21/28 | €426,940 | €426,940 | = | 0.0% |
| Financial fixed assets | 28 | €426,940 | €426,940 | = | 0.0% |
| Current assets | 29/58 | €70,607 | €68,293 | -€2,315 | -3.3% |
| Amounts receivable within one year | 40/41 | €12 | €5,398 | +€5,386 | +44960.2% |
| Other amounts receivable | 41 | €12 | €5,398 | +€5,386 | +44960.2% |
| Cash at bank and in hand | 54/58 | €58,595 | €62,894 | +€4,299 | +7.3% |
| Deferred charges and accrued income | 490/1 | €12,000 | €0 | -€12,000 | -100.0% |
| Total equity and liabilities | 10/49 | €497,547 | €495,232 | -€2,315 | -0.5% |
| Equity | 10/15 | €389,403 | €342,331 | -€47,073 | -12.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €359,403 | €312,331 | -€47,073 | -13.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €359,403 | €312,331 | -€47,073 | -13.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €108,144 | €152,902 | +€44,758 | +41.4% |
| Amounts payable within one year | 42/48 | €108,144 | €152,902 | +€44,758 | +41.4% |
| Trade debts | 44 | €3,073 | €2,314 | -€759 | -24.7% |
| Suppliers | 440/4 | €3,073 | €2,314 | -€759 | -24.7% |
| Taxes, remuneration and social security | 45 | €13,560 | €1,222 | -€12,339 | -91.0% |
| Taxes | 450/3 | €13,560 | €1,222 | -€12,339 | -91.0% |
| Other amounts payable | 47/48 | €91,510 | €149,366 | +€57,856 | +63.2% |
| Other operating charges | 640/8 | €499 | €513 | +€14 | +2.8% |
| Gross operating margin | 9900 | €36,807 | €21,522 | -€15,285 | -41.5% |
| Operating profit (loss) | 9901 | €36,308 | €21,009 | -€15,299 | -42.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €180 | €261 | +€81 | +44.8% |
| Recurring financial charges | 65 | €180 | €261 | +€81 | +44.8% |
| Profit (loss) for the period before taxes | 9903 | €36,129 | €20,748 | -€15,381 | -42.6% |
| Income taxes | 67/77 | €12,050 | €6,602 | -€5,448 | -45.2% |
| Profit (loss) for the period | 9904 | €24,079 | €14,147 | -€9,932 | -41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,079 | €14,147 | -€9,932 | -41.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.