FRECON INDUSTRIES: 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.
FRECON INDUSTRIES
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+106%), from €998,913 to €2.1m
of which Leasing and similar rights: +€674,272
- Stocks and contracts +€62,444
up €62,444 (+30.3%), from €206,211 to €268,655
- Receivables within one year +€48,449
up €48,449 (+60.2%), from €80,433 to €128,882
of which Other amounts receivable: +€32,976
- Debts after one year +€868,671
up €868,671 (+119%), from €732,576 to €1.6m
- Current portion of long-term debt +€147,448
up €147,448 (+87.3%), from €168,828 to €316,276
- Reserves +€109,763
up €109,763 (+41.2%), from €266,686 to €376,449
- Trade debts +€61,683
up €61,683 (+102%), from €60,627 to €122,310
- Other debts -€48,982
down €48,982 (-98.8%), from €49,589 to €607
- Gross operating margin +€114,618
up €114,618 (+31.9%), from €358,956 to €473,574
- Depreciation +€78,102
up €78,102 (+44.9%), from €174,063 to €252,165
- Financial charges +€26,260
up €26,260 (+89.5%), from €29,356 to €55,616
- Taxes -€20,421
down €20,421 (-64.6%), from €31,621 to €11,200
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 | €1,331,132 | €2,510,174 | +€1.2m | +88.6% |
| Fixed assets | 21/28 | €1,025,506 | €2,075,344 | +€1.0m | +102% |
| Intangible fixed assets | 21 | €26,593 | €20,404 | -€6,190 | -23.3% |
| Tangible fixed assets | 22/27 | €998,913 | €2,054,940 | +€1.1m | +106% |
| Plant, machinery and equipment | 23 | €149,601 | €245,493 | +€95,892 | +64.1% |
| Furniture and vehicles | 24 | €1,016 | €50,410 | +€49,395 | +4,863% |
| Leasing and similar rights | 25 | €719,784 | €1,394,056 | +€674,272 | +93.7% |
| Other tangible fixed assets | 26 | €128,512 | €364,981 | +€236,468 | +184% |
| Current assets | 29/58 | €305,626 | €434,830 | +€129,204 | +42.3% |
| Stocks and contracts in progress | 3 | €206,211 | €268,655 | +€62,444 | +30.3% |
| Stocks | 30/36 | €206,211 | €268,655 | +€62,444 | +30.3% |
| Amounts receivable within one year | 40/41 | €80,433 | €128,882 | +€48,449 | +60.2% |
| Trade receivables | 40 | €80,349 | €95,822 | +€15,473 | +19.3% |
| Other amounts receivable | 41 | €84 | €33,060 | +€32,976 | +39,257% |
| Cash at bank and in hand | 54/58 | €14,075 | €26,060 | +€11,985 | +85.1% |
| Deferred charges and accrued income | 490/1 | €4,907 | €11,233 | +€6,326 | +129% |
| Total equity and liabilities | 10/49 | €1,331,132 | €2,510,174 | +€1.2m | +88.6% |
| Equity | 10/15 | €285,686 | €395,449 | +€109,763 | +38.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €266,686 | €376,449 | +€109,763 | +41.2% |
| Distributable reserves | 133 | €266,686 | €376,449 | +€109,763 | +41.2% |
| Amounts payable | 17/49 | €1,045,446 | €2,114,725 | +€1.1m | +102% |
| Amounts payable after more than one year | 17 | €732,576 | €1,601,247 | +€868,671 | +119% |
| Financial debts | 170/4 | €732,576 | €1,601,247 | +€868,671 | +119% |
| Amounts payable within one year | 42/48 | €312,870 | €485,628 | +€172,758 | +55.2% |
| Current portion of amounts payable after more than one year | 42 | €168,828 | €316,276 | +€147,448 | +87.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €60,627 | €122,310 | +€61,683 | +102% |
| Suppliers | 440/4 | €60,627 | €122,310 | +€61,683 | +102% |
| Taxes, remuneration and social security | 45 | €33,826 | €46,435 | +€12,609 | +37.3% |
| Taxes | 450/3 | €24,084 | €35,937 | +€11,853 | +49.2% |
| Remuneration and social security | 454/9 | €9,742 | €10,498 | +€755 | +7.8% |
| Other amounts payable | 47/48 | €49,589 | €607 | -€48,982 | -98.8% |
| Accrued charges and deferred income | 492/3 | €0 | €27,850 | +€27,850 | |
| Remuneration, social security and pensions | 62 | €46,433 | €43,580 | -€2,853 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,063 | €252,165 | +€78,102 | +44.9% |
| Other operating charges | 640/8 | €2,657 | €1,566 | -€1,091 | -41.1% |
| Gross operating margin | 9900 | €358,956 | €473,574 | +€114,618 | +31.9% |
| Operating profit (loss) | 9901 | €135,803 | €176,263 | +€40,461 | +29.8% |
| Financial income | 75/76B | €198 | €315 | +€117 | +59.4% |
| Recurring financial income | 75 | €198 | €315 | +€117 | +59.4% |
| Financial charges | 65/66B | €29,356 | €55,616 | +€26,260 | +89.5% |
| Recurring financial charges | 65 | €29,356 | €55,616 | +€26,260 | +89.5% |
| Profit (loss) for the period before taxes | 9903 | €106,645 | €120,963 | +€14,318 | +13.4% |
| Income taxes | 67/77 | €31,621 | €11,200 | -€20,421 | -64.6% |
| Profit (loss) for the period | 9904 | €75,024 | €109,763 | +€34,739 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €75,024 | €109,763 | +€34,739 | +46.3% |
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 18 October 2026 via checked.be.