FREFRACO: 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.
FREFRACO
Largest movements
- Tangible fixed assets +€266,326
up €266,326 (+25.6%), from €1.0m to €1.3m
of which Land and buildings: +€307,141
- Receivables within one year +€69,126
up €69,126 (+188.0%), from €36,773 to €105,899
of which Trade receivables: +€51,404
- Financial fixed assets -€30,750
down €30,750 (-100.0%), from €30,750 to €0
- Current portion of long-term debt +€334,375
up €334,375 (+370.7%), from €90,208 to €424,583
- Debts after one year -€74,583
down €74,583 (-24.6%), from €303,375 to €228,792
- Trade debts +€30,036
up €30,036 (+69.7%), from €43,107 to €73,143
- Accrued charges and deferred income -€15,911
down €15,911 (-94.8%), from €16,783 to €872
- Depreciation +€35,104
up €35,104 (+32.4%), from €108,222 to €143,326
- Taxes -€12,008
down €12,008 (-86.7%), from €13,844 to €1,836
- Financial charges +€4,732
up €4,732 (+29.1%), from €16,244 to €20,975
- Gross operating margin +€1,872
up €1,872 (+1.0%), from €180,779 to €182,651
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 | €1,222,395 | €1,506,234 | +€283,839 | +23.2% |
| Fixed assets | 21/28 | €1,121,417 | €1,351,878 | +€230,461 | +20.6% |
| Intangible fixed assets | 21 | €49,173 | €44,058 | -€5,115 | -10.4% |
| Tangible fixed assets | 22/27 | €1,041,495 | €1,307,820 | +€266,326 | +25.6% |
| Land and buildings | 22 | €774,886 | €1,082,026 | +€307,141 | +39.6% |
| Plant, machinery and equipment | 23 | €256,869 | €218,724 | -€38,145 | -14.8% |
| Furniture and vehicles | 24 | €9,741 | €7,070 | -€2,671 | -27.4% |
| Financial fixed assets | 28 | €30,750 | €0 | -€30,750 | -100.0% |
| Current assets | 29/58 | €100,978 | €154,356 | +€53,378 | +52.9% |
| Stocks and contracts in progress | 3 | €1,084 | €571 | -€514 | -47.4% |
| Stocks | 30/36 | €1,084 | €571 | -€514 | -47.4% |
| Amounts receivable within one year | 40/41 | €36,773 | €105,899 | +€69,126 | +188.0% |
| Trade receivables | 40 | €36,293 | €87,697 | +€51,404 | +141.6% |
| Other amounts receivable | 41 | €480 | €18,202 | +€17,722 | +3689.7% |
| Cash at bank and in hand | 54/58 | €59,733 | €44,985 | -€14,749 | -24.7% |
| Deferred charges and accrued income | 490/1 | €3,388 | €2,902 | -€485 | -14.3% |
| Total equity and liabilities | 10/49 | €1,222,395 | €1,506,234 | +€283,839 | +23.2% |
| Equity | 10/15 | €301,517 | €306,414 | +€4,897 | +1.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €251,517 | €256,414 | +€4,897 | +1.9% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €244,017 | €248,914 | +€4,897 | +2.0% |
| Amounts payable | 17/49 | €920,878 | €1,199,820 | +€278,942 | +30.3% |
| Amounts payable after more than one year | 17 | €303,375 | €228,792 | -€74,583 | -24.6% |
| Financial debts | 170/4 | €303,375 | €228,792 | -€74,583 | -24.6% |
| Amounts payable within one year | 42/48 | €600,720 | €970,156 | +€369,436 | +61.5% |
| Current portion of amounts payable after more than one year | 42 | €90,208 | €424,583 | +€334,375 | +370.7% |
| Trade debts | 44 | €43,107 | €73,143 | +€30,036 | +69.7% |
| Suppliers | 440/4 | €43,107 | €73,143 | +€30,036 | +69.7% |
| Taxes, remuneration and social security | 45 | €7,908 | €11,628 | +€3,720 | +47.0% |
| Taxes | 450/3 | €7,908 | €9,628 | +€1,720 | +21.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €459,496 | €460,802 | +€1,306 | +0.3% |
| Accrued charges and deferred income | 492/3 | €16,783 | €872 | -€15,911 | -94.8% |
| Non-recurring operating income | 76A | - | €295 | +€295 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,222 | €143,326 | +€35,104 | +32.4% |
| Other operating charges | 640/8 | €11,423 | €11,621 | +€199 | +1.7% |
| Gross operating margin | 9900 | €180,779 | €182,651 | +€1,872 | +1.0% |
| Operating profit (loss) | 9901 | €61,134 | €27,703 | -€33,431 | -54.7% |
| Financial income | 75/76B | €0 | €5 | +€5 | +53400.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +53400.0% |
| Financial charges | 65/66B | €16,244 | €20,975 | +€4,732 | +29.1% |
| Recurring financial charges | 65 | €16,244 | €20,975 | +€4,732 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €44,890 | €6,733 | -€38,157 | -85.0% |
| Income taxes | 67/77 | €13,844 | €1,836 | -€12,008 | -86.7% |
| Profit (loss) for the period | 9904 | €31,046 | €4,897 | -€26,150 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,046 | €4,897 | -€26,150 | -84.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.