FRECH24: 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.
FRECH24
Largest movements
- Tangible fixed assets +€75,428
up €75,428 (+4.9%), from €1.5m to €1.6m
- Cash -€23,619
down €23,619 (-43.5%), from €54,338 to €30,719
mainly Investment in fixed assets (net) (-€105,964) and Debts after one year (-€64,514)
- Other debts +€170,652
up €170,652 (+80.7%), from €211,357 to €382,010
- Debts after one year -€64,514
down €64,514 (-5.9%), from €1.1m to €1.0m
- Profit (loss) carried forward -€53,756
down €53,756 (-143.8%), from -€37,393 to -€91,149
- Financial charges +€19,772
up €19,772 (+73.5%), from €26,888 to €46,660
- Gross operating margin +€16,515
up €16,515 (+179.3%), from €9,213 to €25,728
- Depreciation +€16,218
up €16,218 (+113.3%), from €14,317 to €30,536
- Other operating charges -€3,113
down €3,113 (-57.6%), from €5,401 to €2,287
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 | €1,639,143 | €1,704,319 | +€65,176 | +4.0% |
| Fixed assets | 21/28 | €1,545,362 | €1,620,790 | +€75,428 | +4.9% |
| Tangible fixed assets | 22/27 | €1,545,362 | €1,620,790 | +€75,428 | +4.9% |
| Land and buildings | 22 | €1,495,643 | €1,517,302 | +€21,659 | +1.4% |
| Plant, machinery and equipment | 23 | €49,719 | €87,256 | +€37,537 | +75.5% |
| Furniture and vehicles | 24 | - | €16,231 | +€16,231 | |
| Current assets | 29/58 | €93,782 | €83,530 | -€10,252 | -10.9% |
| Amounts receivable within one year | 40/41 | €38,443 | €51,810 | +€13,367 | +34.8% |
| Trade receivables | 40 | €38,443 | - | -€38,443 | |
| Other amounts receivable | 41 | - | €51,810 | +€51,810 | |
| Cash at bank and in hand | 54/58 | €54,338 | €30,719 | -€23,619 | -43.5% |
| Deferred charges and accrued income | 490/1 | €1,001 | €1,001 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,639,143 | €1,704,319 | +€65,176 | +4.0% |
| Equity | 10/15 | €262,607 | €208,851 | -€53,756 | -20.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,393 | -€91,149 | -€53,756 | -143.8% |
| Amounts payable | 17/49 | €1,376,537 | €1,495,468 | +€118,932 | +8.6% |
| Amounts payable after more than one year | 17 | €1,097,756 | €1,033,242 | -€64,514 | -5.9% |
| Financial debts | 170/4 | €1,097,756 | €1,033,242 | -€64,514 | -5.9% |
| Amounts payable within one year | 42/48 | €278,781 | €453,476 | +€174,695 | +62.7% |
| Current portion of amounts payable after more than one year | 42 | €67,190 | €64,514 | -€2,676 | -4.0% |
| Trade debts | 44 | €234 | €6,952 | +€6,718 | +2873.8% |
| Suppliers | 440/4 | €234 | €6,952 | +€6,718 | +2873.8% |
| Other amounts payable | 47/48 | €211,357 | €382,010 | +€170,652 | +80.7% |
| Accrued charges and deferred income | 492/3 | - | €8,751 | +€8,751 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,317 | €30,536 | +€16,218 | +113.3% |
| Other operating charges | 640/8 | €5,401 | €2,287 | -€3,113 | -57.6% |
| Gross operating margin | 9900 | €9,213 | €25,728 | +€16,515 | +179.3% |
| Operating profit (loss) | 9901 | -€10,506 | -€7,095 | +€3,410 | +32.5% |
| Financial charges | 65/66B | €26,888 | €46,660 | +€19,772 | +73.5% |
| Recurring financial charges | 65 | €26,888 | €46,660 | +€19,772 | +73.5% |
| Profit (loss) for the period before taxes | 9903 | -€37,393 | -€53,756 | -€16,362 | -43.8% |
| Profit (loss) for the period | 9904 | -€37,393 | -€53,756 | -€16,362 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,393 | -€53,756 | -€16,362 | -43.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.