FRECAT: 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.
What changed
FRECAT
NACE 47.750, Retail sale of cosmetics and toilet articles
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20,067
2024 · €990+€19,078
Equity
€22,673
2024 · -€72,395+€95,067
Cash
€14,170
2024 · €12,530+€1,639
Balance sheet total
€401,977
2024 · €381,352+€20,625
Largest movements
Assets
- Intangible fixed assets +€27,932
up €27,932 (+108.8%), from €25,662 to €53,594
- Stocks and contracts +€12,292
up €12,292 (+9.3%), from €132,061 to €144,353
- Tangible fixed assets -€9,909
down €9,909 (-5.7%), from €174,627 to €164,717
of which Furniture and vehicles: -€5,952
- Deferred charges and accrued income -€9,160
down €9,160 (-69.3%), from €13,218 to €4,058
Equity and liabilities
- Debts after one year -€98,911
down €98,911 (-76.4%), from €129,386 to €30,475
of which Other amounts payable: -€75,000
- Contributions +€75,000
up €75,000 (+403.2%), from €18,600 to €93,600
- Trade debts +€57,310
up €57,310 (+63.7%), from €89,991 to €147,301
- Short-term financial debts -€50,007
down €50,007 (-100.0%), from €50,007 to €0
- Profit (loss) carried forward +€20,067
up €20,067 (+9.8%), from -€204,190 to -€184,123
Income statement
- Staff costs -€28,408
down €28,408 (-10.4%), from €273,012 to €244,604
- Gross operating margin -€16,698
down €16,698 (-4.9%), from €338,600 to €321,902
- Depreciation -€7,760
down €7,760 (-17.6%), from €44,018 to €36,258
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.
Result 2024
€990
Gross operating margin
-€16,698
Staff costs
+€28,408
Depreciation
+€7,760
Other operating charges
+€2,756
Financial income
+€56
Financial charges
-€2,593
Taxes
-€611
Result 2025
€20,067
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.
From operations
+€140,269
Investment
-€54,280
Financing
-€84,349
Cash 2024
€12,530
From operations (derived)
+€140,269
Net result for the year
+€20,067
Depreciation
+€36,258
Stocks and contracts
-€12,292
Receivables within one year
+€2,169
Deferred charges and accrued income
+€9,160
Trade debts
+€57,310
Tax, wage and social debts
+€2,032
Other debts
+€18,292
Accrued charges and deferred income
+€7,273
Investment (derived)
-€54,280
Investment in fixed assets (net)
-€54,280
Financing
-€84,349
Debts after one year
-€98,911
Current portion of long-term debt
-€10,431
Short-term financial debts
-€50,007
Contributions, distributions and other
+€75,000
Cash 2025
€14,170
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €381,352 | €401,977 | +€20,625 | +5.4% |
| Fixed assets | 21/28 | €212,893 | €230,916 | +€18,023 | +8.5% |
| Intangible fixed assets | 21 | €25,662 | €53,594 | +€27,932 | +108.8% |
| Tangible fixed assets | 22/27 | €174,627 | €164,717 | -€9,909 | -5.7% |
| Land and buildings | 22 | €2,816 | €2,724 | -€93 | -3.3% |
| Plant, machinery and equipment | 23 | €1,970 | €1,513 | -€457 | -23.2% |
| Furniture and vehicles | 24 | €25,012 | €19,060 | -€5,952 | -23.8% |
| Leasing and similar rights | 25 | €58,073 | €58,073 | = | 0.0% |
| Other tangible fixed assets | 26 | €86,755 | €83,347 | -€3,407 | -3.9% |
| Financial fixed assets | 28 | €12,604 | €12,604 | = | 0.0% |
| Current assets | 29/58 | €168,459 | €171,061 | +€2,602 | +1.5% |
| Stocks and contracts in progress | 3 | €132,061 | €144,353 | +€12,292 | +9.3% |
| Stocks | 30/36 | €132,061 | €144,353 | +€12,292 | +9.3% |
| Amounts receivable within one year | 40/41 | €10,650 | €8,480 | -€2,169 | -20.4% |
| Trade receivables | 40 | €3,501 | €1,700 | -€1,801 | -51.4% |
| Other amounts receivable | 41 | €7,149 | €6,780 | -€369 | -5.2% |
| Cash at bank and in hand | 54/58 | €12,530 | €14,170 | +€1,639 | +13.1% |
| Deferred charges and accrued income | 490/1 | €13,218 | €4,058 | -€9,160 | -69.3% |
| Total equity and liabilities | 10/49 | €381,352 | €401,977 | +€20,625 | +5.4% |
| Equity | 10/15 | -€72,395 | €22,673 | +€95,067 | |
| Contributions | 10/11 | €18,600 | €93,600 | +€75,000 | +403.2% |
| Reserves | 13 | €113,196 | €113,196 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €35,050 | €35,050 | = | 0.0% |
| Distributable reserves | 133 | €76,286 | €78,146 | +€1,860 | +2.4% |
| Profit (loss) carried forward | 14 | -€204,190 | -€184,123 | +€20,067 | +9.8% |
| Amounts payable | 17/49 | €453,747 | €379,305 | -€74,443 | -16.4% |
| Amounts payable after more than one year | 17 | €129,386 | €30,475 | -€98,911 | -76.4% |
| Financial debts | 170/4 | €29,386 | €5,475 | -€23,911 | -81.4% |
| Other amounts payable | 178/9 | €100,000 | €25,000 | -€75,000 | -75.0% |
| Amounts payable within one year | 42/48 | €320,143 | €337,339 | +€17,196 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €34,342 | €23,911 | -€10,431 | -30.4% |
| Financial debts | 43 | €50,007 | €0 | -€50,007 | -100.0% |
| Credit institutions | 430/8 | €50,007 | €0 | -€50,007 | -100.0% |
| Trade debts | 44 | €89,991 | €147,301 | +€57,310 | +63.7% |
| Suppliers | 440/4 | €89,991 | €147,301 | +€57,310 | +63.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €110,108 | €112,140 | +€2,032 | +1.8% |
| Taxes | 450/3 | €67,547 | €57,854 | -€9,693 | -14.3% |
| Remuneration and social security | 454/9 | €42,561 | €54,286 | +€11,725 | +27.5% |
| Other amounts payable | 47/48 | €35,695 | €53,987 | +€18,292 | +51.2% |
| Accrued charges and deferred income | 492/3 | €4,218 | €11,491 | +€7,273 | +172.4% |
| Remuneration, social security and pensions | 62 | €273,012 | €244,604 | -€28,408 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,018 | €36,258 | -€7,760 | -17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,664 | €4,908 | -€2,756 | -36.0% |
| Gross operating margin | 9900 | €338,600 | €321,902 | -€16,698 | -4.9% |
| Operating profit (loss) | 9901 | €13,906 | €36,132 | +€22,226 | +159.8% |
| Financial income | 75/76B | €2 | €58 | +€56 | +2757.4% |
| Recurring financial income | 75 | €2 | €58 | +€56 | +2757.4% |
| Financial charges | 65/66B | €12,919 | €15,512 | +€2,593 | +20.1% |
| Recurring financial charges | 65 | €12,919 | €15,512 | +€2,593 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €990 | €20,678 | +€19,689 | +1989.5% |
| Income taxes | 67/77 | €0 | €611 | +€611 | |
| Profit (loss) for the period | 9904 | €990 | €20,067 | +€19,078 | +1927.7% |
| Profit (loss) for the period to be appropriated | 9905 | €990 | €20,067 | +€19,078 | +1927.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.