Frebu: 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.
Frebu
Largest movements
- Cash +€30,385
up €30,385 (+434%), from €6,994 to €37,380
mainly Net result for the year (+€26,547) and Tax, wage and social debts (+€3,481)
- Stocks and contracts +€4,758
new in 2025: €4,758
- Profit (loss) carried forward +€26,547
up €26,547 (+23.1%), from -€114,729 to -€88,182
- Tax, wage and social debts +€3,481
new in 2025: €3,481
- Accrued charges and deferred income +€3,001
up €3,001 (+4,568%), from €66 to €3,067
- Other debts +€2,999
up €2,999 (+5.3%), from €56,781 to €59,780
- Debts after one year -€1,999
down €1,999 (-5.2%), from €38,759 to €36,760
- Gross operating margin +€31,566
up €31,566, from -€2,552 to €29,013
- Financial charges +€1,399
up €1,399 (+2,447%), from €57 to €1,457
- Other operating charges +€1,010
new in 2025: €1,010
- Financial income -€505
no longer reported in 2025 (was €505)
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.
Derived cash bridge
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 | €7,146 | €42,139 | +€34,994 | +490% |
| Fixed assets | 21/28 | - | €2 | +€2 | |
| Intangible fixed assets | 21 | - | €1 | +€1 | |
| Tangible fixed assets | 22/27 | - | €1 | +€1 | |
| Plant, machinery and equipment | 23 | - | €1 | +€1 | |
| Current assets | 29/58 | €7,146 | €42,137 | +€34,992 | +490% |
| Stocks and contracts in progress | 3 | - | €4,758 | +€4,758 | |
| Stocks | 30/36 | - | €4,758 | +€4,758 | |
| Amounts receivable within one year | 40/41 | €151 | - | -€151 | |
| Other amounts receivable | 41 | €151 | - | -€151 | |
| Cash at bank and in hand | 54/58 | €6,994 | €37,380 | +€30,385 | +434% |
| Total equity and liabilities | 10/49 | €7,146 | €42,139 | +€34,994 | +490% |
| Equity | 10/15 | -€89,729 | -€63,182 | +€26,547 | +29.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,729 | -€88,182 | +€26,547 | +23.1% |
| Amounts payable | 17/49 | €96,874 | €105,321 | +€8,447 | +8.7% |
| Amounts payable after more than one year | 17 | €38,759 | €36,760 | -€1,999 | -5.2% |
| Financial debts | 170/4 | €38,759 | €36,760 | -€1,999 | -5.2% |
| Amounts payable within one year | 42/48 | €58,050 | €65,494 | +€7,444 | +12.8% |
| Trade debts | 44 | €1,269 | €2,233 | +€964 | +76.0% |
| Suppliers | 440/4 | €1,269 | €2,233 | +€964 | +76.0% |
| Taxes, remuneration and social security | 45 | - | €3,481 | +€3,481 | |
| Taxes | 450/3 | - | €3,481 | +€3,481 | |
| Other amounts payable | 47/48 | €56,781 | €59,780 | +€2,999 | +5.3% |
| Accrued charges and deferred income | 492/3 | €66 | €3,067 | +€3,001 | +4,568% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €0 | +€0 | |
| Other operating charges | 640/8 | - | €1,010 | +€1,010 | |
| Gross operating margin | 9900 | -€2,552 | €29,013 | +€31,566 | |
| Operating profit (loss) | 9901 | -€2,552 | €28,003 | +€30,556 | |
| Financial income | 75/76B | €505 | - | -€505 | |
| Recurring financial income | 75 | €505 | - | -€505 | |
| Financial charges | 65/66B | €57 | €1,457 | +€1,399 | +2,447% |
| Recurring financial charges | 65 | €57 | €1,457 | +€1,399 | +2,447% |
| Profit (loss) for the period before taxes | 9903 | -€2,105 | €26,547 | +€28,652 | |
| Profit (loss) for the period | 9904 | -€2,105 | €26,547 | +€28,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,105 | €26,547 | +€28,652 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.