FreBaT: 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.
FreBaT
Largest movements
- Cash +€8,982
up €8,982 (+33.1%), from €27,097 to €36,079
mainly Net result for the year (+€33,749) and Other debts (+€29,971)
- Current investments +€5,938
up €5,938 (+25.3%), from €23,431 to €29,369
- Other debts +€29,971
up €29,971 (+85.9%), from €34,891 to €64,862
- Reserves -€16,251
down €16,251 (-94.9%), from €17,126 to €875
- Trade debts +€1,729
up €1,729 (+71.2%), from €2,428 to €4,157
- Tax, wage and social debts -€764
down €764 (-32.6%), from €2,344 to €1,580
- Financial income -€7,023
down €7,023 (-96.8%), from €7,258 to €235
- Taxes -€1,504
down €1,504 (-10.8%), from €13,950 to €12,446
- Financial charges +€925
up €925, from -€764 to €161
- Gross operating margin -€830
down €830 (-1.7%), from €49,861 to €49,031
- Other operating charges -€738
down €738 (-25.3%), from €2,917 to €2,178
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 | €59,289 | €73,974 | +€14,685 | +24.8% |
| Fixed assets | 21/28 | €5,865 | €5,134 | -€731 | -12.5% |
| Tangible fixed assets | 22/27 | €5,865 | €5,134 | -€731 | -12.5% |
| Plant, machinery and equipment | 23 | €1,013 | €783 | -€230 | -22.7% |
| Furniture and vehicles | 24 | €4,852 | €4,351 | -€501 | -10.3% |
| Current assets | 29/58 | €53,424 | €68,840 | +€15,416 | +28.9% |
| Amounts receivable within one year | 40/41 | €723 | €723 | = | 0.0% |
| Other amounts receivable | 41 | €723 | €723 | = | 0.0% |
| Current investments | 50/53 | €23,431 | €29,369 | +€5,938 | +25.3% |
| Cash at bank and in hand | 54/58 | €27,097 | €36,079 | +€8,982 | +33.1% |
| Deferred charges and accrued income | 490/1 | €2,173 | €2,668 | +€495 | +22.8% |
| Total equity and liabilities | 10/49 | €59,289 | €73,974 | +€14,685 | +24.8% |
| Equity | 10/15 | €19,626 | €3,375 | -€16,251 | -82.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,126 | €875 | -€16,251 | -94.9% |
| Distributable reserves | 133 | €17,126 | €875 | -€16,251 | -94.9% |
| Amounts payable | 17/49 | €39,663 | €70,599 | +€30,935 | +78.0% |
| Amounts payable within one year | 42/48 | €39,663 | €70,599 | +€30,935 | +78.0% |
| Trade debts | 44 | €2,428 | €4,157 | +€1,729 | +71.2% |
| Suppliers | 440/4 | €2,428 | €4,157 | +€1,729 | +71.2% |
| Taxes, remuneration and social security | 45 | €2,344 | €1,580 | -€764 | -32.6% |
| Taxes | 450/3 | €2,344 | €1,580 | -€764 | -32.6% |
| Other amounts payable | 47/48 | €34,891 | €64,862 | +€29,971 | +85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €295 | €731 | +€436 | +147.7% |
| Other operating charges | 640/8 | €2,917 | €2,178 | -€738 | -25.3% |
| Gross operating margin | 9900 | €49,861 | €49,031 | -€830 | -1.7% |
| Operating profit (loss) | 9901 | €46,650 | €46,121 | -€528 | -1.1% |
| Financial income | 75/76B | €7,258 | €235 | -€7,023 | -96.8% |
| Recurring financial income | 75 | €7,258 | €235 | -€7,023 | -96.8% |
| Financial charges | 65/66B | -€764 | €161 | +€925 | |
| Recurring financial charges | 65 | -€764 | €161 | +€925 | |
| Profit (loss) for the period before taxes | 9903 | €54,672 | €46,196 | -€8,476 | -15.5% |
| Income taxes | 67/77 | €13,950 | €12,446 | -€1,504 | -10.8% |
| Profit (loss) for the period | 9904 | €40,722 | €33,749 | -€6,972 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,722 | €33,749 | -€6,972 | -17.1% |
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 4 October 2026 via checked.be.