Frehml: 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.
Frehml
Largest movements
- Cash -€5,228
down €5,228 (-28.9%), from €18,098 to €12,870
mainly Net result for the year (-€4,652) and Trade debts (-€1,263)
- Receivables within one year -€494
down €494 (-43.8%), from €1,127 to €634
of which Other amounts receivable: -€829
- Profit (loss) carried forward -€4,652
down €4,652 (-36.6%), from €12,699 to €8,047
- Trade debts -€1,263
no longer reported in 2025 (was €1,263)
- Taxes +€1,514
new in 2025: €1,514
- Gross operating margin +€1,032
up €1,032 (+29.0%), from -€3,565 to -€2,533
- Financial charges +€354
up €354 (+770.1%), from €46 to €400
- Depreciation -€164
down €164 (-65.9%), from €249 to €85
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 | €19,310 | €13,503 | -€5,807 | -30.1% |
| Fixed assets | 21/28 | €85 | €0 | -€85 | -100.0% |
| Tangible fixed assets | 22/27 | €85 | €0 | -€85 | -100.0% |
| Furniture and vehicles | 24 | €85 | €0 | -€85 | -100.0% |
| Current assets | 29/58 | €19,225 | €13,503 | -€5,722 | -29.8% |
| Amounts receivable within one year | 40/41 | €1,127 | €634 | -€494 | -43.8% |
| Trade receivables | 40 | €64 | €400 | +€336 | +526.5% |
| Other amounts receivable | 41 | €1,064 | €234 | -€829 | -78.0% |
| Cash at bank and in hand | 54/58 | €18,098 | €12,870 | -€5,228 | -28.9% |
| Total equity and liabilities | 10/49 | €19,310 | €13,503 | -€5,807 | -30.1% |
| Equity | 10/15 | €15,699 | €11,047 | -€4,652 | -29.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,699 | €8,047 | -€4,652 | -36.6% |
| Amounts payable | 17/49 | €3,611 | €2,457 | -€1,155 | -32.0% |
| Amounts payable within one year | 42/48 | €3,611 | €2,457 | -€1,155 | -32.0% |
| Trade debts | 44 | €1,263 | - | -€1,263 | |
| Suppliers | 440/4 | €1,263 | - | -€1,263 | |
| Other amounts payable | 47/48 | €2,348 | €2,457 | +€109 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €85 | -€164 | -65.9% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | -€3,565 | -€2,533 | +€1,032 | +29.0% |
| Operating profit (loss) | 9901 | -€3,933 | -€2,738 | +€1,195 | +30.4% |
| Financial charges | 65/66B | €46 | €400 | +€354 | +770.1% |
| Recurring financial charges | 65 | €46 | €400 | +€354 | +770.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,979 | -€3,138 | +€840 | +21.1% |
| Income taxes | 67/77 | - | €1,514 | +€1,514 | |
| Profit (loss) for the period | 9904 | -€3,979 | -€4,652 | -€674 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,979 | -€4,652 | -€674 | -16.9% |
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 10 October 2026 via checked.be.