FRECA: 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.
FRECA
Largest movements
- Tangible fixed assets -€35,128
down €35,128 (-5.2%), from €676,000 to €640,872
- Cash +€23,665
up €23,665 (+52.4%), from €45,120 to €68,785
mainly Depreciation (+€37,808) and Other debts (+€8,506)
- Debts after one year -€22,622
down €22,622 (-7.6%), from €298,674 to €276,052
- Other debts +€8,506
up €8,506 (+3.2%), from €264,522 to €273,027
- Financial charges +€6,329
up €6,329 (+29.6%), from €21,396 to €27,725
- Gross operating margin -€5,450
down €5,450 (-6.7%), from €81,709 to €76,259
- Depreciation -€1,729
down €1,729 (-4.4%), from €39,537 to €37,808
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €722,711 | €710,739 | -€11,971 | -1.7% |
| Fixed assets | 21/28 | €676,000 | €640,872 | -€35,128 | -5.2% |
| Tangible fixed assets | 22/27 | €676,000 | €640,872 | -€35,128 | -5.2% |
| Land and buildings | 22 | €676,000 | €640,872 | -€35,128 | -5.2% |
| Current assets | 29/58 | €46,711 | €69,868 | +€23,157 | +49.6% |
| Cash at bank and in hand | 54/58 | €45,120 | €68,785 | +€23,665 | +52.4% |
| Deferred charges and accrued income | 490/1 | €1,591 | €1,082 | -€509 | -32.0% |
| Total equity and liabilities | 10/49 | €722,711 | €710,739 | -€11,971 | -1.7% |
| Equity | 10/15 | €134,654 | €137,127 | +€2,472 | +1.8% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €10,708 | €13,180 | +€2,472 | +23.1% |
| Non-distributable reserves | 130/1 | €1,668 | €1,791 | +€124 | +7.4% |
| Legal reserve | 130 | €1,668 | €1,791 | +€124 | +7.4% |
| Distributable reserves | 133 | €9,040 | €11,389 | +€2,349 | +26.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €588,056 | €573,613 | -€14,444 | -2.5% |
| Amounts payable after more than one year | 17 | €298,674 | €276,052 | -€22,622 | -7.6% |
| Financial debts | 170/4 | €298,674 | €276,052 | -€22,622 | -7.6% |
| Amounts payable within one year | 42/48 | €286,798 | €295,676 | +€8,878 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €22,161 | €22,622 | +€461 | +2.1% |
| Trade debts | 44 | €116 | €27 | -€89 | -76.8% |
| Suppliers | 440/4 | €116 | €27 | -€89 | -76.8% |
| Other amounts payable | 47/48 | €264,522 | €273,027 | +€8,506 | +3.2% |
| Accrued charges and deferred income | 492/3 | €2,585 | €1,885 | -€700 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,537 | €37,808 | -€1,729 | -4.4% |
| Other operating charges | 640/8 | €8,033 | €8,254 | +€221 | +2.8% |
| Gross operating margin | 9900 | €81,709 | €76,259 | -€5,450 | -6.7% |
| Operating profit (loss) | 9901 | €34,139 | €30,197 | -€3,942 | -11.5% |
| Financial charges | 65/66B | €21,396 | €27,725 | +€6,329 | +29.6% |
| Recurring financial charges | 65 | €21,396 | €27,725 | +€6,329 | +29.6% |
| Profit (loss) for the period before taxes | 9903 | €12,743 | €2,472 | -€10,271 | -80.6% |
| Profit (loss) for the period | 9904 | €12,743 | €2,472 | -€10,271 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,743 | €2,472 | -€10,271 | -80.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.