FreChCo: 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.
FreChCo
Largest movements
- Tangible fixed assets +€88,860
up €88,860 (+622%), from €14,275 to €103,135
of which Furniture and vehicles: +€74,405
- Cash -€60,539
down €60,539 (-82.1%), from €73,760 to €13,220
mainly Investment in fixed assets (net) (-€103,244) and Other debts (-€1,827)
- Receivables within one year +€1,759
up €1,759 (+38.0%), from €4,630 to €6,389
- Deferred charges and accrued income -€1,671
no longer reported in 2025 (was €1,671)
- Debts after one year +€16,422
new in 2025: €16,422
- Current portion of long-term debt +€11,870
new in 2025: €11,870
- Trade debts +€2,692
up €2,692 (+119%), from €2,269 to €4,961
- Other debts -€1,827
down €1,827 (-5.0%), from €36,413 to €34,586
- Gross operating margin -€40,062
down €40,062 (-69.3%), from €57,806 to €17,744
- Depreciation +€12,974
up €12,974 (+920%), from €1,410 to €14,384
- Taxes -€10,759
down €10,759 (-90.8%), from €11,854 to €1,095
- Financial charges +€826
up €826 (+375%), from €220 to €1,046
- Other operating charges +€683
up €683 (+59.5%), from €1,148 to €1,831
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 | €94,335 | €122,745 | +€28,410 | +30.1% |
| Fixed assets | 21/28 | €14,275 | €103,135 | +€88,860 | +622% |
| Tangible fixed assets | 22/27 | €14,275 | €103,135 | +€88,860 | +622% |
| Land and buildings | 22 | - | €18,212 | +€18,212 | |
| Plant, machinery and equipment | 23 | €11,347 | €10,408 | -€939 | -8.3% |
| Furniture and vehicles | 24 | €111 | €74,515 | +€74,405 | +67,249% |
| Assets under construction and advance payments | 27 | €2,818 | - | -€2,818 | |
| Current assets | 29/58 | €80,060 | €19,609 | -€60,451 | -75.5% |
| Amounts receivable within one year | 40/41 | €4,630 | €6,389 | +€1,759 | +38.0% |
| Other amounts receivable | 41 | €4,630 | €6,389 | +€1,759 | +38.0% |
| Cash at bank and in hand | 54/58 | €73,760 | €13,220 | -€60,539 | -82.1% |
| Deferred charges and accrued income | 490/1 | €1,671 | - | -€1,671 | |
| Total equity and liabilities | 10/49 | €94,335 | €122,745 | +€28,410 | +30.1% |
| Equity | 10/15 | €53,098 | €52,486 | -€612 | -1.2% |
| Contributions | 10/11 | €31,310 | €31,310 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,788 | €11,176 | -€612 | -5.2% |
| Amounts payable | 17/49 | €41,237 | €70,258 | +€29,021 | +70.4% |
| Amounts payable after more than one year | 17 | - | €16,422 | +€16,422 | |
| Financial debts | 170/4 | - | €16,422 | +€16,422 | |
| Amounts payable within one year | 42/48 | €41,237 | €53,837 | +€12,600 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | - | €11,870 | +€11,870 | |
| Trade debts | 44 | €2,269 | €4,961 | +€2,692 | +119% |
| Suppliers | 440/4 | €2,269 | €4,961 | +€2,692 | +119% |
| Taxes, remuneration and social security | 45 | €2,556 | €2,419 | -€136 | -5.3% |
| Taxes | 450/3 | €2,556 | €2,419 | -€136 | -5.3% |
| Other amounts payable | 47/48 | €36,413 | €34,586 | -€1,827 | -5.0% |
| Non-recurring operating income | 76A | €42,605 | €10,000 | -€32,605 | -76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,410 | €14,384 | +€12,974 | +920% |
| Other operating charges | 640/8 | €1,148 | €1,831 | +€683 | +59.5% |
| Non-recurring operating charges | 66A | €93 | - | -€93 | |
| Gross operating margin | 9900 | €57,806 | €17,744 | -€40,062 | -69.3% |
| Operating profit (loss) | 9901 | €55,155 | €1,529 | -€53,626 | -97.2% |
| Financial charges | 65/66B | €220 | €1,046 | +€826 | +375% |
| Recurring financial charges | 65 | €220 | €1,046 | +€826 | +375% |
| Profit (loss) for the period before taxes | 9903 | €54,935 | €483 | -€54,452 | -99.1% |
| Income taxes | 67/77 | €11,854 | €1,095 | -€10,759 | -90.8% |
| Profit (loss) for the period | 9904 | €43,081 | -€612 | -€43,692 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,081 | -€612 | -€43,692 |
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 18 October 2026 via checked.be.