FREBE-YA: 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.
FREBE-YA
Largest movements
- Tangible fixed assets +€41,802
up €41,802 (+6.1%), from €683,316 to €725,118
of which Leasing and similar rights: +€70,073
- Cash +€22,478
up €22,478 (+1058.2%), from €2,124 to €24,602
mainly Depreciation (+€76,576) and Net result for the year (+€61,118)
- Profit (loss) carried forward +€61,118
up €61,118 (+66.0%), from -€92,584 to -€31,465
- Debts after one year +€23,260
up €23,260 (+3.8%), from €619,795 to €643,055
- Tax, wage and social debts -€12,051
down €12,051 (-58.3%), from €20,675 to €8,625
of which Taxes: -€16,951
- Current portion of long-term debt +€9,326
up €9,326 (+17.3%), from €53,849 to €63,175
- Gross operating margin +€94,434
up €94,434 (+90.5%), from €104,399 to €198,833
- Other operating charges +€35,522
up €35,522 (+397.6%), from €8,934 to €44,456
- Depreciation -€15,230
down €15,230 (-16.6%), from €91,805 to €76,576
- Financial charges -€2,309
down €2,309 (-12.1%), from €19,147 to €16,838
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 | €734,376 | €807,004 | +€72,628 | +9.9% |
| Fixed assets | 21/28 | €683,316 | €725,283 | +€41,967 | +6.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €683,316 | €725,118 | +€41,802 | +6.1% |
| Land and buildings | 22 | €632,288 | €592,896 | -€39,393 | -6.2% |
| Plant, machinery and equipment | 23 | €30,010 | €41,013 | +€11,002 | +36.7% |
| Furniture and vehicles | 24 | €21,017 | €21,137 | +€119 | +0.6% |
| Leasing and similar rights | 25 | - | €70,073 | +€70,073 | |
| Financial fixed assets | 28 | - | €165 | +€165 | |
| Current assets | 29/58 | €51,060 | €81,721 | +€30,661 | +60.0% |
| Amounts receivable within one year | 40/41 | €48,896 | €55,399 | +€6,503 | +13.3% |
| Trade receivables | 40 | €48,896 | €37,294 | -€11,602 | -23.7% |
| Other amounts receivable | 41 | €0 | €18,105 | +€18,105 | |
| Cash at bank and in hand | 54/58 | €2,124 | €24,602 | +€22,478 | +1058.2% |
| Deferred charges and accrued income | 490/1 | €39 | €1,719 | +€1,680 | +4260.5% |
| Total equity and liabilities | 10/49 | €734,376 | €807,004 | +€72,628 | +9.9% |
| Equity | 10/15 | -€41,847 | €19,271 | +€61,118 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €30,737 | €30,737 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €17,400 | €17,400 | = | 0.0% |
| Distributable reserves | 133 | €13,337 | €13,337 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,584 | -€31,465 | +€61,118 | +66.0% |
| Amounts payable | 17/49 | €776,223 | €787,732 | +€11,510 | +1.5% |
| Amounts payable after more than one year | 17 | €619,795 | €643,055 | +€23,260 | +3.8% |
| Financial debts | 170/4 | €619,795 | €643,055 | +€23,260 | +3.8% |
| Amounts payable within one year | 42/48 | €155,378 | €144,678 | -€10,701 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €53,849 | €63,175 | +€9,326 | +17.3% |
| Financial debts | 43 | €2,034 | €0 | -€2,034 | -100.0% |
| Credit institutions | 430/8 | €2,034 | €0 | -€2,034 | -100.0% |
| Trade debts | 44 | €38,820 | €34,378 | -€4,442 | -11.4% |
| Suppliers | 440/4 | €38,820 | €34,378 | -€4,442 | -11.4% |
| Taxes, remuneration and social security | 45 | €20,675 | €8,625 | -€12,051 | -58.3% |
| Taxes | 450/3 | €20,675 | €3,725 | -€16,951 | -82.0% |
| Remuneration and social security | 454/9 | - | €4,900 | +€4,900 | |
| Other amounts payable | 47/48 | €40,000 | €38,500 | -€1,500 | -3.8% |
| Accrued charges and deferred income | 492/3 | €1,050 | €0 | -€1,050 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,805 | €76,576 | -€15,230 | -16.6% |
| Other operating charges | 640/8 | €8,934 | €44,456 | +€35,522 | +397.6% |
| Gross operating margin | 9900 | €104,399 | €198,833 | +€94,434 | +90.5% |
| Operating profit (loss) | 9901 | €3,659 | €77,801 | +€74,141 | +2026.1% |
| Financial income | 75/76B | €260 | €165 | -€94 | -36.4% |
| Recurring financial income | 75 | €260 | €165 | -€94 | -36.4% |
| Financial charges | 65/66B | €19,147 | €16,838 | -€2,309 | -12.1% |
| Recurring financial charges | 65 | €19,147 | €16,838 | -€2,309 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,228 | €61,127 | +€76,356 | |
| Income taxes | 67/77 | - | €9 | +€9 | |
| Profit (loss) for the period | 9904 | -€15,228 | €61,118 | +€76,346 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,228 | €61,118 | +€76,346 |
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 6 October 2026 via checked.be.