FRéGALL: 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.
FRéGALL
Largest movements
- Receivables within one year +€80,752
up €80,752 (+790.2%), from €10,219 to €90,970
of which Other amounts receivable: +€78,977
- Cash -€39,393
down €39,393 (-42.2%), from €93,361 to €53,967
mainly Receivables within one year (-€80,752) and Accrued charges and deferred income (-€7,688)
- Tangible fixed assets -€11,881
down €11,881 (-31.0%), from €38,374 to €26,493
of which Furniture and vehicles: -€6,230
- Trade debts +€39,010
up €39,010 (+123.0%), from €31,726 to €70,736
- Accrued charges and deferred income -€7,688
down €7,688 (-74.9%), from €10,271 to €2,583
- Tax, wage and social debts -€6,605
down €6,605 (-53.5%), from €12,340 to €5,735
of which Taxes: -€4,928
- Reserves +€2,960
up €2,960 (+3.1%), from €95,851 to €98,811
of which Distributable reserves: +€20,460
- Staff costs -€52,593
down €52,593 (-99.5%), from €52,872 to €279
- Gross operating margin -€3,771
down €3,771 (-16.2%), from €23,333 to €19,562
- Depreciation -€1,211
down €1,211 (-9.2%), from €13,092 to €11,881
- Financial income -€914
down €914 (-90.0%), from €1,016 to €102
- Financial charges +€815
up €815 (+32.1%), from €2,540 to €3,355
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 | €156,510 | €184,186 | +€27,676 | +17.7% |
| Fixed assets | 21/28 | €38,374 | €26,493 | -€11,881 | -31.0% |
| Tangible fixed assets | 22/27 | €38,374 | €26,493 | -€11,881 | -31.0% |
| Plant, machinery and equipment | 23 | €18,577 | €13,174 | -€5,403 | -29.1% |
| Furniture and vehicles | 24 | €17,567 | €11,337 | -€6,230 | -35.5% |
| Other tangible fixed assets | 26 | €2,231 | €1,983 | -€248 | -11.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €118,135 | €157,693 | +€39,557 | +33.5% |
| Stocks and contracts in progress | 3 | €12,755 | €12,755 | = | 0.0% |
| Stocks | 30/36 | €12,755 | €12,755 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,219 | €90,970 | +€80,752 | +790.2% |
| Trade receivables | 40 | €5,190 | €6,965 | +€1,774 | +34.2% |
| Other amounts receivable | 41 | €5,028 | €84,006 | +€78,977 | +1570.7% |
| Cash at bank and in hand | 54/58 | €93,361 | €53,967 | -€39,393 | -42.2% |
| Deferred charges and accrued income | 490/1 | €1,801 | €0 | -€1,801 | -100.0% |
| Total equity and liabilities | 10/49 | €156,510 | €184,186 | +€27,676 | +17.7% |
| Equity | 10/15 | €102,172 | €105,132 | +€2,960 | +2.9% |
| Contributions | 10/11 | €6,321 | €6,321 | = | 0.0% |
| Reserves | 13 | €95,851 | €98,811 | +€2,960 | +3.1% |
| Tax-exempt reserves | 132 | €17,500 | €0 | -€17,500 | -100.0% |
| Distributable reserves | 133 | €78,351 | €98,811 | +€20,460 | +26.1% |
| Amounts payable | 17/49 | €54,337 | €79,054 | +€24,716 | +45.5% |
| Amounts payable within one year | 42/48 | €44,066 | €76,471 | +€32,404 | +73.5% |
| Trade debts | 44 | €31,726 | €70,736 | +€39,010 | +123.0% |
| Suppliers | 440/4 | €31,726 | €70,736 | +€39,010 | +123.0% |
| Taxes, remuneration and social security | 45 | €12,340 | €5,735 | -€6,605 | -53.5% |
| Taxes | 450/3 | €10,663 | €5,735 | -€4,928 | -46.2% |
| Remuneration and social security | 454/9 | €1,677 | €0 | -€1,677 | -100.0% |
| Accrued charges and deferred income | 492/3 | €10,271 | €2,583 | -€7,688 | -74.9% |
| Remuneration, social security and pensions | 62 | €52,872 | €279 | -€52,593 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,092 | €11,881 | -€1,211 | -9.2% |
| Other operating charges | 640/8 | €841 | €1,189 | +€348 | +41.4% |
| Gross operating margin | 9900 | €23,333 | €19,562 | -€3,771 | -16.2% |
| Operating profit (loss) | 9901 | -€43,472 | €6,213 | +€49,684 | |
| Financial income | 75/76B | €1,016 | €102 | -€914 | -90.0% |
| Recurring financial income | 75 | €1,016 | €102 | -€914 | -90.0% |
| Financial charges | 65/66B | €2,540 | €3,355 | +€815 | +32.1% |
| Recurring financial charges | 65 | €2,540 | €3,355 | +€815 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | -€44,995 | €2,960 | +€47,955 | |
| Income taxes | 67/77 | €168 | €0 | -€168 | -100.0% |
| Profit (loss) for the period | 9904 | -€45,164 | €2,960 | +€48,124 | |
| Transfer from tax-exempt reserves | 789 | - | €17,500 | +€17,500 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,164 | €20,460 | +€65,624 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.