FREHO TECHNICS: what changed
FREHO TECHNICS
Largest movements
- Cash +€102,145
up €102,145 (+32.3%), from €316,178 to €418,323
mainly Net result for the year (+€237,795) and Other debts (+€221,457)
- Tangible fixed assets +€70,255
up €70,255 (+35.9%), from €195,714 to €265,969
of which Furniture and vehicles: +€90,334
- Receivables within one year -€49,162
down €49,162 (-8.4%), from €585,352 to €536,189
of which Trade receivables: -€83,918
- Other debts +€221,457
up €221,457 (+199%), from €111,287 to €332,744
- Reserves -€94,949
down €94,949 (-12.5%), from €762,296 to €667,348
of which Distributable reserves: -€94,949
- Trade debts -€57,844
down €57,844 (-50.8%), from €113,814 to €55,970
- Short-term financial debts +€20,311
new in 2025: €20,311
- Debts after one year +€20,188
up €20,188 (+75.1%), from €26,868 to €47,056
- Gross operating margin +€97,036
up €97,036 (+10.8%), from €897,456 to €994,492
- Staff costs +€73,818
up €73,818 (+14.2%), from €521,497 to €595,314
- Taxes -€23,026
down €23,026 (-21.2%), from €108,592 to €85,566
- Depreciation +€16,974
up €16,974 (+44.5%), from €38,167 to €55,140
- Write-downs +€11,011
new in 2025: €11,011
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,119,432 | €1,247,492 | +€128,059 | +11.4% |
| Fixed assets | 21/28 | €195,714 | €265,969 | +€70,255 | +35.9% |
| Tangible fixed assets | 22/27 | €195,714 | €265,969 | +€70,255 | +35.9% |
| Land and buildings | 22 | €103,227 | €83,891 | -€19,336 | -18.7% |
| Plant, machinery and equipment | 23 | €1,044 | €300 | -€744 | -71.2% |
| Furniture and vehicles | 24 | €91,443 | €181,777 | +€90,334 | +98.8% |
| Current assets | 29/58 | €923,718 | €981,523 | +€57,805 | +6.3% |
| Amounts receivable within one year | 40/41 | €585,352 | €536,189 | -€49,162 | -8.4% |
| Trade receivables | 40 | €473,540 | €389,622 | -€83,918 | -17.7% |
| Other amounts receivable | 41 | €111,811 | €146,567 | +€34,756 | +31.1% |
| Cash at bank and in hand | 54/58 | €316,178 | €418,323 | +€102,145 | +32.3% |
| Deferred charges and accrued income | 490/1 | €22,189 | €27,010 | +€4,822 | +21.7% |
| Total equity and liabilities | 10/49 | €1,119,432 | €1,247,492 | +€128,059 | +11.4% |
| Equity | 10/15 | €768,496 | €673,548 | -€94,949 | -12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €762,296 | €667,348 | -€94,949 | -12.5% |
| Tax-exempt reserves | 132 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €761,296 | €666,348 | -€94,949 | -12.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €350,936 | €573,944 | +€223,008 | +63.5% |
| Amounts payable after more than one year | 17 | €26,868 | €47,056 | +€20,188 | +75.1% |
| Financial debts | 170/4 | €26,868 | €47,056 | +€20,188 | +75.1% |
| Amounts payable within one year | 42/48 | €324,068 | €526,887 | +€202,820 | +62.6% |
| Current portion of amounts payable after more than one year | 42 | €18,199 | €29,137 | +€10,938 | +60.1% |
| Financial debts | 43 | - | €20,311 | +€20,311 | |
| Credit institutions | 430/8 | - | €20,311 | +€20,311 | |
| Trade debts | 44 | €113,814 | €55,970 | -€57,844 | -50.8% |
| Suppliers | 440/4 | €113,814 | €55,970 | -€57,844 | -50.8% |
| Taxes, remuneration and social security | 45 | €80,769 | €88,726 | +€7,957 | +9.9% |
| Taxes | 450/3 | €58,096 | €64,724 | +€6,628 | +11.4% |
| Remuneration and social security | 454/9 | €22,672 | €24,002 | +€1,329 | +5.9% |
| Other amounts payable | 47/48 | €111,287 | €332,744 | +€221,457 | +199% |
| Non-recurring operating income | 76A | €0 | €22,442 | +€22,442 | |
| Remuneration, social security and pensions | 62 | €521,497 | €595,314 | +€73,818 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,167 | €55,140 | +€16,974 | +44.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,011 | +€11,011 | |
| Other operating charges | 640/8 | €8,895 | €7,481 | -€1,414 | -15.9% |
| Gross operating margin | 9900 | €897,456 | €994,492 | +€97,036 | +10.8% |
| Operating profit (loss) | 9901 | €328,897 | €325,545 | -€3,352 | -1.0% |
| Financial income | 75/76B | €6,864 | €1,857 | -€5,007 | -72.9% |
| Recurring financial income | 75 | €6,864 | €1,857 | -€5,007 | -72.9% |
| Financial charges | 65/66B | €1,674 | €4,042 | +€2,368 | +141% |
| Recurring financial charges | 65 | €1,674 | €4,042 | +€2,368 | +141% |
| Profit (loss) for the period before taxes | 9903 | €334,087 | €323,361 | -€10,727 | -3.2% |
| Income taxes | 67/77 | €108,592 | €85,566 | -€23,026 | -21.2% |
| Profit (loss) for the period | 9904 | €225,495 | €237,795 | +€12,300 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €225,495 | €237,795 | +€12,300 | +5.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.