FREIJA VAN ES: 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.
FREIJA VAN ES
Largest movements
- Cash +€35,318
up €35,318 (+109%), from €32,530 to €67,849
mainly Net result for the year (+€76,317) and Other debts (+€23,221)
- Receivables within one year +€11,166
up €11,166 (+24.4%), from €45,846 to €57,012
of which Other amounts receivable: +€11,358
- Other debts +€23,221
up €23,221 (+8.9%), from €261,084 to €284,305
- Reserves +€22,206
up €22,206 (+7.5%), from €295,346 to €317,552
- Financial income +€30,000
up €30,000 (+295%), from €10,164 to €40,164
- Gross operating margin +€7,479
up €7,479 (+10.4%), from €71,783 to €79,261
- Taxes +€4,588
up €4,588 (+23.7%), from €19,368 to €23,955
- Depreciation +€873
up €873 (+103%), from €845 to €1,718
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.
Derived cash bridge
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 | €614,102 | €663,455 | +€49,353 | +8.0% |
| Fixed assets | 21/28 | €524,737 | €527,410 | +€2,673 | +0.5% |
| Tangible fixed assets | 22/27 | €1,071 | €3,744 | +€2,673 | +250% |
| Plant, machinery and equipment | 23 | €1,071 | €226 | -€845 | -78.9% |
| Furniture and vehicles | 24 | - | €3,518 | +€3,518 | |
| Financial fixed assets | 28 | €523,667 | €523,667 | = | 0.0% |
| Current assets | 29/58 | €89,364 | €136,045 | +€46,680 | +52.2% |
| Amounts receivable within one year | 40/41 | €45,846 | €57,012 | +€11,166 | +24.4% |
| Trade receivables | 40 | €5,192 | €5,000 | -€192 | -3.7% |
| Other amounts receivable | 41 | €40,654 | €52,012 | +€11,358 | +27.9% |
| Current investments | 50/53 | €7,971 | €8,121 | +€150 | +1.9% |
| Cash at bank and in hand | 54/58 | €32,530 | €67,849 | +€35,318 | +109% |
| Deferred charges and accrued income | 490/1 | €3,018 | €3,063 | +€46 | +1.5% |
| Total equity and liabilities | 10/49 | €614,102 | €663,455 | +€49,353 | +8.0% |
| Equity | 10/15 | €310,346 | €332,552 | +€22,206 | +7.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €295,346 | €317,552 | +€22,206 | +7.5% |
| Distributable reserves | 133 | €295,346 | €317,552 | +€22,206 | +7.5% |
| Amounts payable | 17/49 | €303,755 | €330,903 | +€27,147 | +8.9% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €275,127 | €302,241 | +€27,114 | +9.9% |
| Financial debts | 43 | €6,777 | €6,748 | -€29 | -0.4% |
| Credit institutions | 430/8 | €6,777 | €6,748 | -€29 | -0.4% |
| Trade debts | 44 | €64 | €365 | +€300 | +467% |
| Suppliers | 440/4 | €64 | €365 | +€300 | +467% |
| Taxes, remuneration and social security | 45 | €7,202 | €10,822 | +€3,620 | +50.3% |
| Taxes | 450/3 | €7,202 | €10,822 | +€3,620 | +50.3% |
| Other amounts payable | 47/48 | €261,084 | €284,305 | +€23,221 | +8.9% |
| Accrued charges and deferred income | 492/3 | €13,629 | €13,662 | +€33 | +0.2% |
| Non-recurring operating income | 76A | €100 | €100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €845 | €1,718 | +€873 | +103% |
| Other operating charges | 640/8 | €823 | €820 | -€3 | -0.4% |
| Gross operating margin | 9900 | €71,783 | €79,261 | +€7,479 | +10.4% |
| Operating profit (loss) | 9901 | €70,114 | €76,723 | +€6,609 | +9.4% |
| Financial income | 75/76B | €10,164 | €40,164 | +€30,000 | +295% |
| Recurring financial income | 75 | €10,164 | €40,164 | +€30,000 | +295% |
| Financial charges | 65/66B | €16,691 | €16,615 | -€76 | -0.5% |
| Recurring financial charges | 65 | €16,691 | €16,615 | -€76 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €63,587 | €100,272 | +€36,685 | +57.7% |
| Income taxes | 67/77 | €19,368 | €23,955 | +€4,588 | +23.7% |
| Profit (loss) for the period | 9904 | €44,220 | €76,317 | +€32,098 | +72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,220 | €76,317 | +€32,098 | +72.6% |
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 29 October 2026 via checked.be.