FREGUCO: 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.
FREGUCO
Largest movements
- Receivables within one year +€312,180
up €312,180 (+746.0%), from €41,845 to €354,024
of which Other amounts receivable: +€255,129
- Stocks and contracts -€274,255
down €274,255 (-100.0%), from €274,255 to €0
- Tangible fixed assets -€56,502
down €56,502 (-25.1%), from €225,439 to €168,936
of which Furniture and vehicles: -€33,155
- Profit (loss) carried forward +€39,403
up €39,403 (+14.9%), from -€264,888 to -€225,484
- Trade debts -€32,597
down €32,597 (-100.0%), from €32,597 to €0
- Debts after one year -€30,172
down €30,172 (-22.8%), from €132,499 to €102,328
- Short-term financial debts +€28,511
up €28,511, from €0 to €28,511
- Other debts -€18,826
down €18,826 (-5.9%), from €318,223 to €299,398
- Gross operating margin +€208,182
up €208,182, from -€61,482 to €146,700
- Depreciation +€27,691
up €27,691 (+72.9%), from €37,981 to €65,673
- Staff costs -€9,712
down €9,712 (-35.2%), from €27,583 to €17,871
- Other operating charges -€3,259
down €3,259 (-26.2%), from €12,423 to €9,164
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 | €549,290 | €531,049 | -€18,241 | -3.3% |
| Fixed assets | 21/28 | €225,439 | €168,936 | -€56,502 | -25.1% |
| Tangible fixed assets | 22/27 | €225,439 | €168,936 | -€56,502 | -25.1% |
| Land and buildings | 22 | €170,843 | €155,032 | -€15,811 | -9.3% |
| Plant, machinery and equipment | 23 | €7,537 | €0 | -€7,537 | -100.0% |
| Furniture and vehicles | 24 | €47,059 | €13,904 | -€33,155 | -70.5% |
| Current assets | 29/58 | €323,851 | €362,112 | +€38,261 | +11.8% |
| Stocks and contracts in progress | 3 | €274,255 | €0 | -€274,255 | -100.0% |
| Stocks | 30/36 | €274,255 | €0 | -€274,255 | -100.0% |
| Amounts receivable within one year | 40/41 | €41,845 | €354,024 | +€312,180 | +746.0% |
| Trade receivables | 40 | €41,845 | €98,895 | +€57,051 | +136.3% |
| Other amounts receivable | 41 | - | €255,129 | +€255,129 | |
| Cash at bank and in hand | 54/58 | €7,365 | €3,873 | -€3,492 | -47.4% |
| Deferred charges and accrued income | 490/1 | €387 | €4,215 | +€3,829 | +990.5% |
| Total equity and liabilities | 10/49 | €549,290 | €531,049 | -€18,241 | -3.3% |
| Equity | 10/15 | -€29,488 | €9,916 | +€39,403 | |
| Contributions | 10/11 | €214,000 | €214,000 | = | 0.0% |
| Outside capital | 11 | €214,000 | €214,000 | = | 0.0% |
| Other | 1109/19 | €214,000 | €214,000 | = | 0.0% |
| Reserves | 13 | €21,400 | €21,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,400 | €21,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,400 | €21,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€264,888 | -€225,484 | +€39,403 | +14.9% |
| Amounts payable | 17/49 | €578,777 | €521,133 | -€57,644 | -10.0% |
| Amounts payable after more than one year | 17 | €132,499 | €102,328 | -€30,172 | -22.8% |
| Financial debts | 170/4 | €132,499 | €102,328 | -€30,172 | -22.8% |
| Amounts payable within one year | 42/48 | €446,278 | €418,805 | -€27,473 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €29,220 | €30,172 | +€951 | +3.3% |
| Financial debts | 43 | €0 | €28,511 | +€28,511 | |
| Credit institutions | 430/8 | €0 | €28,511 | +€28,511 | |
| Trade debts | 44 | €32,597 | €0 | -€32,597 | -100.0% |
| Suppliers | 440/4 | €32,597 | €0 | -€32,597 | -100.0% |
| Taxes, remuneration and social security | 45 | €66,237 | €60,726 | -€5,512 | -8.3% |
| Taxes | 450/3 | €64,679 | €60,726 | -€3,953 | -6.1% |
| Remuneration and social security | 454/9 | €1,559 | €0 | -€1,559 | -100.0% |
| Other amounts payable | 47/48 | €318,223 | €299,398 | -€18,826 | -5.9% |
| Remuneration, social security and pensions | 62 | €27,583 | €17,871 | -€9,712 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,981 | €65,673 | +€27,691 | +72.9% |
| Other operating charges | 640/8 | €12,423 | €9,164 | -€3,259 | -26.2% |
| Gross operating margin | 9900 | -€61,482 | €146,700 | +€208,182 | |
| Operating profit (loss) | 9901 | -€139,470 | €53,992 | +€193,462 | |
| Financial income | 75/76B | €2,414 | €2,008 | -€406 | -16.8% |
| Recurring financial income | 75 | €2,414 | €2,008 | -€406 | -16.8% |
| Financial charges | 65/66B | €15,964 | €16,597 | +€633 | +4.0% |
| Recurring financial charges | 65 | €15,964 | €16,597 | +€633 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€153,020 | €39,403 | +€192,423 | |
| Income taxes | 67/77 | €206 | €0 | -€206 | -100.0% |
| Profit (loss) for the period | 9904 | -€153,226 | €39,403 | +€192,629 | |
| Profit (loss) for the period to be appropriated | 9905 | -€153,226 | €39,403 | +€192,629 |
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.