FreCeReMa: 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.
FreCeReMa
Largest movements
- Receivables within one year -€2,622
down €2,622 (-60.2%), from €4,352 to €1,730
of which Trade receivables: -€3,260
- Profit (loss) carried forward -€6,444
down €6,444 (-39.0%), from -€16,511 to -€22,954
- Other debts +€6,212
up €6,212 (+10.2%), from €61,179 to €67,391
- Trade debts -€1,462
down €1,462 (-44.1%), from €3,317 to €1,855
- Gross operating margin -€1,896
down €1,896 (-51.2%), from -€3,701 to -€5,597
- Write-downs -€364
down €364, from €0 to -€364
- Other operating charges +€350
up €350 (+53.9%), from €651 to €1,001
- Financial charges +€68
up €68 (+48.5%), from €140 to €209
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 | €78,073 | €76,166 | -€1,907 | -2.4% |
| Current assets | 29/58 | €78,073 | €76,166 | -€1,907 | -2.4% |
| Stocks and contracts in progress | 3 | €70,119 | €70,119 | = | 0.0% |
| Stocks | 30/36 | €70,119 | €70,119 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,352 | €1,730 | -€2,622 | -60.2% |
| Trade receivables | 40 | €4,352 | €1,092 | -€3,260 | -74.9% |
| Other amounts receivable | 41 | €0 | €638 | +€638 | |
| Cash at bank and in hand | 54/58 | €3,601 | €4,269 | +€668 | +18.5% |
| Deferred charges and accrued income | 490/1 | - | €47 | +€47 | |
| Total equity and liabilities | 10/49 | €78,073 | €76,166 | -€1,907 | -2.4% |
| Equity | 10/15 | €13,363 | €6,920 | -€6,444 | -48.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €11,324 | €11,324 | = | 0.0% |
| Distributable reserves | 133 | €11,324 | €11,324 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,511 | -€22,954 | -€6,444 | -39.0% |
| Amounts payable | 17/49 | €64,710 | €69,246 | +€4,536 | +7.0% |
| Amounts payable within one year | 42/48 | €64,710 | €69,246 | +€4,536 | +7.0% |
| Trade debts | 44 | €3,317 | €1,855 | -€1,462 | -44.1% |
| Suppliers | 440/4 | €3,317 | €1,855 | -€1,462 | -44.1% |
| Taxes, remuneration and social security | 45 | €214 | €0 | -€214 | -100% |
| Taxes | 450/3 | €214 | €0 | -€214 | -100% |
| Other amounts payable | 47/48 | €61,179 | €67,391 | +€6,212 | +10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€364 | -€364 | |
| Other operating charges | 640/8 | €651 | €1,001 | +€350 | +53.9% |
| Gross operating margin | 9900 | -€3,701 | -€5,597 | -€1,896 | -51.2% |
| Operating profit (loss) | 9901 | -€4,352 | -€6,235 | -€1,883 | -43.3% |
| Financial income | 75/76B | €28 | €0 | -€28 | -100% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -100% |
| Financial charges | 65/66B | €140 | €209 | +€68 | +48.5% |
| Recurring financial charges | 65 | €140 | €209 | +€68 | +48.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,464 | -€6,444 | -€1,979 | -44.3% |
| Profit (loss) for the period | 9904 | -€4,464 | -€6,444 | -€1,979 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,464 | -€6,444 | -€1,979 | -44.3% |
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 14 October 2026 via checked.be.