FREBIAN: 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.
FREBIAN
Largest movements
- Cash +€135,487
up €135,487 (+352.3%), from €38,453 to €173,939
mainly Current investments (+€125,000) and Depreciation (+€52,957)
- Current investments -€125,000
no longer reported in 2025 (was €125,000)
- Tangible fixed assets -€39,754
down €39,754 (-3.8%), from €1.0m to €996,812
of which Land and buildings: -€23,451
- Receivables within one year +€28,449
up €28,449 (+698.5%), from €4,073 to €32,522
of which Trade receivables: +€27,309
- Reserves +€31,427
up €31,427 (+22.1%), from €142,493 to €173,920
of which Distributable reserves: +€36,235
- Debts after one year -€30,000
down €30,000 (-12.4%), from €242,500 to €212,500
- Depreciation -€9,260
down €9,260 (-14.9%), from €62,217 to €52,957
- Financial charges -€6,185
down €6,185 (-19.5%), from €31,748 to €25,563
- Gross operating margin +€4,834
up €4,834 (+4.5%), from €107,762 to €112,596
- Financial income +€4,775
up €4,775 (+1566.2%), from €305 to €5,080
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 | €1,206,769 | €1,205,629 | -€1,141 | -0.1% |
| Fixed assets | 21/28 | €1,036,566 | €996,812 | -€39,754 | -3.8% |
| Tangible fixed assets | 22/27 | €1,036,566 | €996,812 | -€39,754 | -3.8% |
| Land and buildings | 22 | €965,747 | €942,296 | -€23,451 | -2.4% |
| Plant, machinery and equipment | 23 | €5,112 | €3,905 | -€1,207 | -23.6% |
| Furniture and vehicles | 24 | €65,707 | €50,611 | -€15,096 | -23.0% |
| Current assets | 29/58 | €170,203 | €208,817 | +€38,614 | +22.7% |
| Amounts receivable within one year | 40/41 | €4,073 | €32,522 | +€28,449 | +698.5% |
| Trade receivables | 40 | €3,692 | €31,001 | +€27,309 | +739.6% |
| Other amounts receivable | 41 | €381 | €1,521 | +€1,140 | +299.5% |
| Current investments | 50/53 | €125,000 | - | -€125,000 | |
| Cash at bank and in hand | 54/58 | €38,453 | €173,939 | +€135,487 | +352.3% |
| Deferred charges and accrued income | 490/1 | €2,678 | €2,356 | -€322 | -12.0% |
| Total equity and liabilities | 10/49 | €1,206,769 | €1,205,629 | -€1,141 | -0.1% |
| Equity | 10/15 | €474,045 | €505,472 | +€31,427 | +6.6% |
| Contributions | 10/11 | €331,552 | €331,552 | = | 0.0% |
| Reserves | 13 | €142,493 | €173,920 | +€31,427 | +22.1% |
| Tax-exempt reserves | 132 | €104,798 | €99,989 | -€4,809 | -4.6% |
| Distributable reserves | 133 | €37,695 | €73,931 | +€36,235 | +96.1% |
| Provisions and deferred taxes | 16 | €34,933 | €33,330 | -€1,603 | -4.6% |
| Deferred taxes | 168 | €34,933 | €33,330 | -€1,603 | -4.6% |
| Amounts payable | 17/49 | €697,792 | €666,827 | -€30,965 | -4.4% |
| Amounts payable after more than one year | 17 | €242,500 | €212,500 | -€30,000 | -12.4% |
| Financial debts | 170/4 | €242,500 | €212,500 | -€30,000 | -12.4% |
| Amounts payable within one year | 42/48 | €430,173 | €431,421 | +€1,248 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €9,597 | €11,064 | +€1,467 | +15.3% |
| Suppliers | 440/4 | €9,597 | €11,064 | +€1,467 | +15.3% |
| Other amounts payable | 47/48 | €390,576 | €390,357 | -€219 | -0.1% |
| Accrued charges and deferred income | 492/3 | €25,119 | €22,906 | -€2,213 | -8.8% |
| Non-recurring operating income | 76A | €13,915 | - | -€13,915 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,217 | €52,957 | -€9,260 | -14.9% |
| Other operating charges | 640/8 | €8,368 | €8,863 | +€495 | +5.9% |
| Gross operating margin | 9900 | €107,762 | €112,596 | +€4,834 | +4.5% |
| Operating profit (loss) | 9901 | €37,176 | €50,776 | +€13,599 | +36.6% |
| Financial income | 75/76B | €305 | €5,080 | +€4,775 | +1566.2% |
| Recurring financial income | 75 | €305 | €5,080 | +€4,775 | +1566.2% |
| Financial charges | 65/66B | €31,748 | €25,563 | -€6,185 | -19.5% |
| Recurring financial charges | 65 | €31,748 | €25,563 | -€6,185 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €5,733 | €30,292 | +€24,559 | +428.4% |
| Transfer from deferred taxes | 780 | €1,603 | €1,603 | = | 0.0% |
| Income taxes | 67/77 | €704 | €468 | -€236 | -33.5% |
| Profit (loss) for the period | 9904 | €6,632 | €31,427 | +€24,795 | +373.9% |
| Transfer from tax-exempt reserves | 789 | €4,809 | €4,809 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,441 | €36,235 | +€24,795 | +216.7% |
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 29 September 2026 via checked.be.