FREITAS & RIBEIRO CONSTRUCT: 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.
FREITAS & RIBEIRO CONSTRUCT
Largest movements
- Receivables within one year +€54,096
up €54,096 (+237.9%), from €22,735 to €76,831
of which Trade receivables: +€55,963
- Deferred charges and accrued income -€19,357
down €19,357 (-26.3%), from €73,671 to €54,314
- Cash -€2,816
down €2,816 (-16.6%), from €16,916 to €14,099
mainly Receivables within one year (-€54,096) and Current portion of long-term debt (-€9,991)
- Profit (loss) carried forward +€23,761
up €23,761 (+36.3%), from €65,413 to €89,174
- Other debts +€16,016
new in 2025: €16,016
- Current portion of long-term debt -€9,991
no longer reported in 2025 (was €9,991)
- Tax, wage and social debts +€5,569
up €5,569 (+31.8%), from €17,531 to €23,100
of which Remuneration and social security: +€8,502
- Trade debts -€4,281
down €4,281 (-100.0%), from €4,281 to €0
- Gross operating margin -€22,572
down €22,572 (-50.5%), from €44,701 to €22,129
- Taxes -€19,246
down €19,246, from €12,000 to -€7,246
- Other operating charges +€1,267
up €1,267 (+103.3%), from €1,227 to €2,493
- Financial charges +€1,052
up €1,052 (+111.2%), from €946 to €1,998
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 | €117,621 | €148,695 | +€31,074 | +26.4% |
| Fixed assets | 21/28 | €4,299 | €3,450 | -€849 | -19.7% |
| Tangible fixed assets | 22/27 | €2,399 | €1,550 | -€849 | -35.4% |
| Plant, machinery and equipment | 23 | €2,399 | €1,550 | -€849 | -35.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,900 | €1,900 | = | 0.0% |
| Current assets | 29/58 | €113,322 | €145,245 | +€31,923 | +28.2% |
| Amounts receivable within one year | 40/41 | €22,735 | €76,831 | +€54,096 | +237.9% |
| Trade receivables | 40 | €17,944 | €73,907 | +€55,963 | +311.9% |
| Other amounts receivable | 41 | €4,791 | €2,924 | -€1,867 | -39.0% |
| Cash at bank and in hand | 54/58 | €16,916 | €14,099 | -€2,816 | -16.6% |
| Deferred charges and accrued income | 490/1 | €73,671 | €54,314 | -€19,357 | -26.3% |
| Total equity and liabilities | 10/49 | €117,621 | €148,695 | +€31,074 | +26.4% |
| Equity | 10/15 | €85,818 | €109,579 | +€23,761 | +27.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Outside capital | 11 | - | €18,550 | +€18,550 | |
| Share premium | 1100/10 | - | €18,550 | +€18,550 | |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,413 | €89,174 | +€23,761 | +36.3% |
| Amounts payable | 17/49 | €31,803 | €39,116 | +€7,313 | +23.0% |
| Amounts payable within one year | 42/48 | €31,803 | €39,116 | +€7,313 | +23.0% |
| Current portion of amounts payable after more than one year | 42 | €9,991 | - | -€9,991 | |
| Trade debts | 44 | €4,281 | €0 | -€4,281 | -100.0% |
| Suppliers | 440/4 | €4,281 | €0 | -€4,281 | -100.0% |
| Taxes, remuneration and social security | 45 | €17,531 | €23,100 | +€5,569 | +31.8% |
| Taxes | 450/3 | €10,434 | €7,500 | -€2,934 | -28.1% |
| Remuneration and social security | 454/9 | €7,098 | €15,600 | +€8,502 | +119.8% |
| Other amounts payable | 47/48 | - | €16,016 | +€16,016 | |
| Remuneration, social security and pensions | 62 | €55 | - | -€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €677 | €1,124 | +€447 | +66.0% |
| Other operating charges | 640/8 | €1,227 | €2,493 | +€1,267 | +103.3% |
| Gross operating margin | 9900 | €44,701 | €22,129 | -€22,572 | -50.5% |
| Operating profit (loss) | 9901 | €42,743 | €18,512 | -€24,231 | -56.7% |
| Financial income | 75/76B | €0 | €1 | +€0 | +4900.0% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +4900.0% |
| Financial charges | 65/66B | €946 | €1,998 | +€1,052 | +111.2% |
| Recurring financial charges | 65 | €946 | €1,998 | +€1,052 | +111.2% |
| Profit (loss) for the period before taxes | 9903 | €41,797 | €16,515 | -€25,282 | -60.5% |
| Income taxes | 67/77 | €12,000 | -€7,246 | -€19,246 | |
| Profit (loss) for the period | 9904 | €29,797 | €23,761 | -€6,036 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,797 | €23,761 | -€6,036 | -20.3% |
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 9 October 2026 via checked.be.