FREHOS ACCOUNTING: 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.
FREHOS ACCOUNTING
Largest movements
- Receivables within one year +€79,507
up €79,507 (+133%), from €59,872 to €139,379
of which Other amounts receivable: +€97,141
- Intangible fixed assets -€70,000
no longer reported in 2024 (was €70,000)
- Deferred charges and accrued income -€15,000
no longer reported in 2024 (was €15,000)
- Receivables after one year -€10,193
down €10,193 (-12.9%), from €79,234 to €69,041
- Cash +€8,163
up €8,163 (+283%), from €2,889 to €11,052
mainly Investment in fixed assets (net) (+€69,999) and Deferred charges and accrued income (+€15,000)
- Trade debts -€20,969
down €20,969 (-99.0%), from €21,177 to €208
- Tax, wage and social debts +€12,268
up €12,268 (+48.2%), from €25,432 to €37,700
of which Taxes: +€6,817
- Profit (loss) carried forward +€3,618
up €3,618 (+2.7%), from €133,000 to €136,618
- Short-term financial debts -€3,271
down €3,271 (-86.7%), from €3,771 to €500
- Staff costs +€5,453
up €5,453 (+5.6%), from €97,981 to €103,434
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,042 | €219,492 | -€7,550 | -3.3% |
| Fixed assets | 21/28 | €70,026 | - | -€70,026 | |
| Intangible fixed assets | 21 | €70,000 | - | -€70,000 | |
| Tangible fixed assets | 22/27 | €26 | - | -€26 | |
| Furniture and vehicles | 24 | €26 | - | -€26 | |
| Current assets | 29/58 | €157,016 | €219,492 | +€62,476 | +39.8% |
| Amounts receivable after more than one year | 29 | €79,234 | €69,041 | -€10,193 | -12.9% |
| Other amounts receivable | 291 | €79,234 | €69,041 | -€10,193 | -12.9% |
| Amounts receivable within one year | 40/41 | €59,872 | €139,379 | +€79,507 | +133% |
| Trade receivables | 40 | €59,872 | €42,238 | -€17,634 | -29.5% |
| Other amounts receivable | 41 | - | €97,141 | +€97,141 | |
| Current investments | 50/53 | €21 | €20 | -€1 | -5.4% |
| Cash at bank and in hand | 54/58 | €2,889 | €11,052 | +€8,163 | +283% |
| Deferred charges and accrued income | 490/1 | €15,000 | - | -€15,000 | |
| Total equity and liabilities | 10/49 | €227,042 | €219,492 | -€7,550 | -3.3% |
| Equity | 10/15 | €147,259 | €150,877 | +€3,618 | +2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €133,000 | €136,618 | +€3,618 | +2.7% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €54,783 | €43,614 | -€11,169 | -20.4% |
| Amounts payable within one year | 42/48 | €54,783 | €43,614 | -€11,169 | -20.4% |
| Financial debts | 43 | €3,771 | €500 | -€3,271 | -86.7% |
| Credit institutions | 430/8 | €3,771 | €500 | -€3,271 | -86.7% |
| Trade debts | 44 | €21,177 | €208 | -€20,969 | -99.0% |
| Suppliers | 440/4 | €21,177 | €208 | -€20,969 | -99.0% |
| Taxes, remuneration and social security | 45 | €25,432 | €37,700 | +€12,268 | +48.2% |
| Taxes | 450/3 | €7,297 | €14,114 | +€6,817 | +93.4% |
| Remuneration and social security | 454/9 | €18,135 | €23,586 | +€5,451 | +30.1% |
| Other amounts payable | 47/48 | €4,403 | €5,206 | +€803 | +18.2% |
| Remuneration, social security and pensions | 62 | €97,981 | €103,434 | +€5,453 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €931 | €27 | -€904 | -97.1% |
| Other operating charges | 640/8 | €3,154 | €2,352 | -€802 | -25.4% |
| Non-recurring operating charges | 66A | €3,384 | - | -€3,384 | |
| Gross operating margin | 9900 | €109,882 | €109,139 | -€743 | -0.7% |
| Operating profit (loss) | 9901 | €4,432 | €3,326 | -€1,106 | -25.0% |
| Financial income | 75/76B | €2,566 | €2,372 | -€194 | -7.6% |
| Recurring financial income | 75 | €2,566 | €2,372 | -€194 | -7.6% |
| Financial charges | 65/66B | €106 | €200 | +€94 | +88.7% |
| Recurring financial charges | 65 | €106 | €200 | +€94 | +88.7% |
| Profit (loss) for the period before taxes | 9903 | €6,892 | €5,498 | -€1,394 | -20.2% |
| Income taxes | 67/77 | €2,730 | €1,880 | -€850 | -31.1% |
| Profit (loss) for the period | 9904 | €4,162 | €3,618 | -€544 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,162 | €3,618 | -€544 | -13.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.