FREBACCOUNT: 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.
FREBACCOUNT
Largest movements
- Current investments +€682,936
up €682,936 (+120.7%), from €566,019 to €1.2m
- Financial fixed assets -€375,000
no longer reported in 2025 (was €375,000)
- Tangible fixed assets -€49,914
down €49,914 (-9.7%), from €514,368 to €464,453
of which Land and buildings: -€31,477
- Reserves +€154,703
up €154,703 (+14.1%), from €1.1m to €1.3m
of which Distributable reserves: +€154,703
- Other debts +€116,919
up €116,919 (+1228.0%), from €9,521 to €126,440
- Tax, wage and social debts +€35,177
up €35,177 (+48.1%), from €73,083 to €108,259
of which Taxes: +€35,177
- Gross operating margin +€451,127
up €451,127 (+108.9%), from €414,249 to €865,376
- Financial income +€67,821
up €67,821 (+5982.2%), from €1,134 to €68,955
- Taxes +€47,557
up €47,557 (+52.1%), from €91,294 to €138,851
- Staff costs +€9,744
new in 2025: €9,744
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 | €1,604,866 | €1,887,305 | +€282,440 | +17.6% |
| Fixed assets | 21/28 | €889,368 | €464,453 | -€424,914 | -47.8% |
| Tangible fixed assets | 22/27 | €514,368 | €464,453 | -€49,914 | -9.7% |
| Land and buildings | 22 | €431,221 | €399,745 | -€31,477 | -7.3% |
| Plant, machinery and equipment | 23 | €4,690 | €7,162 | +€2,472 | +52.7% |
| Furniture and vehicles | 24 | €78,456 | €57,546 | -€20,910 | -26.7% |
| Financial fixed assets | 28 | €375,000 | - | -€375,000 | |
| Current assets | 29/58 | €715,498 | €1,422,852 | +€707,354 | +98.9% |
| Amounts receivable within one year | 40/41 | €80,900 | €88,560 | +€7,660 | +9.5% |
| Trade receivables | 40 | €24,200 | €31,460 | +€7,260 | +30.0% |
| Other amounts receivable | 41 | €56,700 | €57,100 | +€400 | +0.7% |
| Current investments | 50/53 | €566,019 | €1,248,955 | +€682,936 | +120.7% |
| Cash at bank and in hand | 54/58 | €68,579 | €85,337 | +€16,758 | +24.4% |
| Total equity and liabilities | 10/49 | €1,604,866 | €1,887,305 | +€282,440 | +17.6% |
| Equity | 10/15 | €1,465,528 | €1,620,231 | +€154,703 | +10.6% |
| Contributions | 10/11 | €370,000 | €370,000 | = | 0.0% |
| Reserves | 13 | €1,095,528 | €1,250,231 | +€154,703 | +14.1% |
| Non-distributable reserves | 130/1 | €37,000 | €37,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €37,000 | €37,000 | = | 0.0% |
| Distributable reserves | 133 | €1,058,528 | €1,213,231 | +€154,703 | +14.6% |
| Amounts payable | 17/49 | €139,338 | €267,075 | +€127,737 | +91.7% |
| Amounts payable after more than one year | 17 | €28,109 | €15,449 | -€12,660 | -45.0% |
| Financial debts | 170/4 | €28,109 | €15,449 | -€12,660 | -45.0% |
| Amounts payable within one year | 42/48 | €111,229 | €251,626 | +€140,397 | +126.2% |
| Current portion of amounts payable after more than one year | 42 | €19,417 | €12,660 | -€6,757 | -34.8% |
| Trade debts | 44 | €9,208 | €4,266 | -€4,941 | -53.7% |
| Suppliers | 440/4 | €9,208 | €4,266 | -€4,941 | -53.7% |
| Taxes, remuneration and social security | 45 | €73,083 | €108,259 | +€35,177 | +48.1% |
| Taxes | 450/3 | €70,983 | €106,159 | +€35,177 | +49.6% |
| Remuneration and social security | 454/9 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 47/48 | €9,521 | €126,440 | +€116,919 | +1228.0% |
| Non-recurring operating income | 76A | €156,927 | €564,868 | +€407,942 | +260.0% |
| Remuneration, social security and pensions | 62 | - | €9,744 | +€9,744 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,400 | €68,532 | -€2,868 | -4.0% |
| Other operating charges | 640/8 | €6,056 | €14,109 | +€8,053 | +133.0% |
| Non-recurring operating charges | 66A | €40,000 | - | -€40,000 | |
| Gross operating margin | 9900 | €414,249 | €865,376 | +€451,127 | +108.9% |
| Operating profit (loss) | 9901 | €296,793 | €772,991 | +€476,198 | +160.4% |
| Financial income | 75/76B | €1,134 | €68,955 | +€67,821 | +5982.2% |
| Recurring financial income | 75 | €1,134 | €68,955 | +€67,821 | +5982.2% |
| Financial charges | 65/66B | €6,862 | €2,292 | -€4,570 | -66.6% |
| Recurring financial charges | 65 | €6,862 | €2,292 | -€4,570 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | €291,064 | €839,654 | +€548,590 | +188.5% |
| Income taxes | 67/77 | €91,294 | €138,851 | +€47,557 | +52.1% |
| Profit (loss) for the period | 9904 | €199,770 | €700,803 | +€501,033 | +250.8% |
| Profit (loss) for the period to be appropriated | 9905 | €199,770 | €700,803 | +€501,033 | +250.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.