Freco Retail: 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.
Freco Retail
Largest movements
- Intangible fixed assets -€71,429
down €71,429 (-20.0%), from €357,006 to €285,577
- Tangible fixed assets -€29,933
down €29,933 (-17.1%), from €175,246 to €145,313
- Cash +€20,818
up €20,818 (+16.0%), from €129,861 to €150,679
mainly Trade debts (+€229,179) and Depreciation (+€102,662)
- Stocks and contracts -€13,863
down €13,863 (-4.9%), from €281,241 to €267,378
- Profit (loss) carried forward -€295,386
down €295,386 (-99.1%), from -€298,081 to -€593,467
- Trade debts +€229,179
up €229,179 (+37.1%), from €617,782 to €846,961
- Debts after one year -€40,699
down €40,699 (-40.0%), from €101,665 to €60,966
- Other debts +€19,848
up €19,848 (+11.9%), from €166,439 to €186,288
- Staff costs -€68,382
down €68,382 (-23.5%), from €290,680 to €222,298
- Financial charges +€8,475
up €8,475 (+28.4%), from €29,789 to €38,264
- Other operating charges -€8,002
down €8,002 (-86.8%), from €9,221 to €1,219
- Gross operating margin -€4,434
down €4,434 (-6.5%), from €68,727 to €64,293
- Financial income +€1,328
up €1,328 (+38.7%), from €3,436 to €4,764
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 | €1,133,884 | €1,043,130 | -€90,754 | -8.0% |
| Fixed assets | 21/28 | €535,751 | €434,390 | -€101,361 | -18.9% |
| Intangible fixed assets | 21 | €357,006 | €285,577 | -€71,429 | -20.0% |
| Tangible fixed assets | 22/27 | €175,246 | €145,313 | -€29,933 | -17.1% |
| Plant, machinery and equipment | 23 | €175,246 | €145,313 | -€29,933 | -17.1% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €598,132 | €608,740 | +€10,607 | +1.8% |
| Stocks and contracts in progress | 3 | €281,241 | €267,378 | -€13,863 | -4.9% |
| Stocks | 30/36 | €281,241 | €267,378 | -€13,863 | -4.9% |
| Amounts receivable within one year | 40/41 | €186,194 | €181,683 | -€4,511 | -2.4% |
| Trade receivables | 40 | €8,535 | €14,971 | +€6,436 | +75.4% |
| Other amounts receivable | 41 | €177,659 | €166,712 | -€10,947 | -6.2% |
| Cash at bank and in hand | 54/58 | €129,861 | €150,679 | +€20,818 | +16.0% |
| Deferred charges and accrued income | 490/1 | €837 | €9,000 | +€8,163 | +976% |
| Total equity and liabilities | 10/49 | €1,133,884 | €1,043,130 | -€90,754 | -8.0% |
| Equity | 10/15 | €70,519 | -€224,867 | -€295,386 | |
| Contributions | 10/11 | €368,600 | €368,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€298,081 | -€593,467 | -€295,386 | -99.1% |
| Amounts payable | 17/49 | €1,063,365 | €1,267,997 | +€204,632 | +19.2% |
| Amounts payable after more than one year | 17 | €101,665 | €60,966 | -€40,699 | -40.0% |
| Financial debts | 170/4 | €101,665 | €60,966 | -€40,699 | -40.0% |
| Amounts payable within one year | 42/48 | €958,884 | €1,207,032 | +€248,148 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €17,439 | €19,427 | +€1,988 | +11.4% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €617,782 | €846,961 | +€229,179 | +37.1% |
| Suppliers | 440/4 | €617,782 | €846,961 | +€229,179 | +37.1% |
| Taxes, remuneration and social security | 45 | €32,223 | €29,356 | -€2,867 | -8.9% |
| Taxes | 450/3 | €6,391 | - | -€6,391 | |
| Remuneration and social security | 454/9 | €25,833 | €29,356 | +€3,523 | +13.6% |
| Other amounts payable | 47/48 | €166,439 | €186,288 | +€19,848 | +11.9% |
| Accrued charges and deferred income | 492/3 | €2,816 | - | -€2,816 | |
| Remuneration, social security and pensions | 62 | €290,680 | €222,298 | -€68,382 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,347 | €102,662 | +€1,315 | +1.3% |
| Other operating charges | 640/8 | €9,221 | €1,219 | -€8,002 | -86.8% |
| Gross operating margin | 9900 | €68,727 | €64,293 | -€4,434 | -6.5% |
| Operating profit (loss) | 9901 | -€332,522 | -€261,886 | +€70,635 | +21.2% |
| Financial income | 75/76B | €3,436 | €4,764 | +€1,328 | +38.7% |
| Recurring financial income | 75 | €3,436 | €4,764 | +€1,328 | +38.7% |
| Financial charges | 65/66B | €29,789 | €38,264 | +€8,475 | +28.4% |
| Recurring financial charges | 65 | €29,789 | €38,264 | +€8,475 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | -€358,875 | -€295,386 | +€63,489 | +17.7% |
| Profit (loss) for the period | 9904 | -€358,875 | -€295,386 | +€63,489 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€358,875 | -€295,386 | +€63,489 | +17.7% |
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 20 October 2026 via checked.be.