Frechri: 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.
Frechri
Largest movements
- Receivables within one year -€268,792
down €268,792 (-51.8%), from €518,601 to €249,809
of which Other amounts receivable: -€289,232
- Cash -€40,668
down €40,668 (-76.9%), from €52,851 to €12,183
mainly Contributions, distributions and other (-€179,967) and Other debts (-€125,230)
- Tangible fixed assets -€37,450
down €37,450 (-4.8%), from €786,678 to €749,227
of which Land and buildings: -€41,302
- Stocks and contracts -€28,189
down €28,189 (-24.6%), from €114,689 to €86,501
- Reserves -€167,964
down €167,964 (-30.1%), from €558,090 to €390,126
- Other debts -€125,230
down €125,230 (-97.2%), from €128,772 to €3,543
- Debts after one year -€55,464
down €55,464 (-8.9%), from €626,473 to €571,009
- Short-term financial debts -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Advances received +€49,675
up €49,675, from €0 to €49,675
- Gross operating margin -€81,000
down €81,000 (-57.2%), from €141,706 to €60,706
- Taxes -€21,753
down €21,753 (-74.1%), from €29,370 to €7,617
- Financial income -€12,979
down €12,979 (-24.4%), from €53,290 to €40,310
- Financial charges -€5,155
down €5,155 (-14.2%), from €36,216 to €31,061
- Other operating charges -€3,391
down €3,391 (-11.7%), from €28,901 to €25,509
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 | €1,525,592 | €1,146,927 | -€378,665 | -24.8% |
| Fixed assets | 21/28 | €787,838 | €750,387 | -€37,450 | -4.8% |
| Tangible fixed assets | 22/27 | €786,678 | €749,227 | -€37,450 | -4.8% |
| Land and buildings | 22 | €786,300 | €744,998 | -€41,302 | -5.3% |
| Furniture and vehicles | 24 | €377 | €4,229 | +€3,852 | +1021.0% |
| Financial fixed assets | 28 | €1,160 | €1,160 | = | 0.0% |
| Current assets | 29/58 | €737,755 | €396,540 | -€341,215 | -46.3% |
| Stocks and contracts in progress | 3 | €114,689 | €86,501 | -€28,189 | -24.6% |
| Stocks | 30/36 | €114,689 | €86,501 | -€28,189 | -24.6% |
| Amounts receivable within one year | 40/41 | €518,601 | €249,809 | -€268,792 | -51.8% |
| Trade receivables | 40 | €33,062 | €53,502 | +€20,440 | +61.8% |
| Other amounts receivable | 41 | €485,539 | €196,307 | -€289,232 | -59.6% |
| Cash at bank and in hand | 54/58 | €52,851 | €12,183 | -€40,668 | -76.9% |
| Deferred charges and accrued income | 490/1 | €51,613 | €48,047 | -€3,566 | -6.9% |
| Total equity and liabilities | 10/49 | €1,525,592 | €1,146,927 | -€378,665 | -24.8% |
| Equity | 10/15 | €576,640 | €408,676 | -€167,964 | -29.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €558,090 | €390,126 | -€167,964 | -30.1% |
| Distributable reserves | 133 | €558,090 | €390,126 | -€167,964 | -30.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €948,953 | €738,251 | -€210,701 | -22.2% |
| Amounts payable after more than one year | 17 | €626,473 | €571,009 | -€55,464 | -8.9% |
| Financial debts | 170/4 | €626,473 | €571,009 | -€55,464 | -8.9% |
| Amounts payable within one year | 42/48 | €322,480 | €167,242 | -€155,237 | -48.1% |
| Current portion of amounts payable after more than one year | 42 | €97,944 | €84,999 | -€12,945 | -13.2% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100.0% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100.0% |
| Trade debts | 44 | €12,589 | €26,625 | +€14,036 | +111.5% |
| Suppliers | 440/4 | €12,589 | €26,625 | +€14,036 | +111.5% |
| Advances received on contracts in progress | 46 | €0 | €49,675 | +€49,675 | |
| Taxes, remuneration and social security | 45 | €33,174 | €2,399 | -€30,774 | -92.8% |
| Taxes | 450/3 | €28,374 | €2,399 | -€25,974 | -91.5% |
| Remuneration and social security | 454/9 | €4,800 | €0 | -€4,800 | -100.0% |
| Other amounts payable | 47/48 | €128,772 | €3,543 | -€125,230 | -97.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,038 | €24,825 | -€3,213 | -11.5% |
| Other operating charges | 640/8 | €28,901 | €25,509 | -€3,391 | -11.7% |
| Gross operating margin | 9900 | €141,706 | €60,706 | -€81,000 | -57.2% |
| Operating profit (loss) | 9901 | €84,767 | €10,371 | -€74,396 | -87.8% |
| Financial income | 75/76B | €53,290 | €40,310 | -€12,979 | -24.4% |
| Recurring financial income | 75 | €53,290 | €40,310 | -€12,979 | -24.4% |
| Financial charges | 65/66B | €36,216 | €31,061 | -€5,155 | -14.2% |
| Recurring financial charges | 65 | €36,216 | €31,061 | -€5,155 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €101,841 | €19,620 | -€82,220 | -80.7% |
| Income taxes | 67/77 | €29,370 | €7,617 | -€21,753 | -74.1% |
| Profit (loss) for the period | 9904 | €72,471 | €12,004 | -€60,467 | -83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,471 | €12,004 | -€60,467 | -83.4% |
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.