FREJA FOOD: what changed
FREJA FOOD
Largest movements
- Cash -€182,312
down €182,312 (-75.8%), from €240,594 to €58,282
mainly Other debts (-€123,045) and Contributions, distributions and other (-€88,713)
- Tangible fixed assets +€13,753
new in 2025: €13,753
- Receivables within one year +€7,260
up €7,260 (+16.8%), from €43,203 to €50,463
of which Trade receivables: +€3,688
- Other debts -€123,045
down €123,045 (-95.7%), from €128,513 to €5,468
- Reserves -€38,986
down €38,986 (-8.5%), from €460,639 to €421,653
of which Distributable reserves: -€38,986
- Gross operating margin -€14,413
down €14,413 (-19.4%), from €74,190 to €59,777
- Taxes -€6,267
down €6,267 (-25.7%), from €24,423 to €18,156
- Depreciation +€5,237
up €5,237, from €0 to €5,237
- Other operating charges +€781
up €781 (+126%), from €617 to €1,398
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 | €668,258 | €507,339 | -€160,919 | -24.1% |
| Fixed assets | 21/28 | €4,910 | €18,663 | +€13,753 | +280% |
| Tangible fixed assets | 22/27 | - | €13,753 | +€13,753 | |
| Furniture and vehicles | 24 | - | €13,753 | +€13,753 | |
| Financial fixed assets | 28 | €4,910 | €4,910 | = | 0.0% |
| Current assets | 29/58 | €663,348 | €488,677 | -€174,672 | -26.3% |
| Stocks and contracts in progress | 3 | €635 | €1,015 | +€380 | +59.8% |
| Stocks | 30/36 | €635 | €1,015 | +€380 | +59.8% |
| Amounts receivable within one year | 40/41 | €43,203 | €50,463 | +€7,260 | +16.8% |
| Trade receivables | 40 | €37,621 | €41,309 | +€3,688 | +9.8% |
| Other amounts receivable | 41 | €5,581 | €9,154 | +€3,573 | +64.0% |
| Current investments | 50/53 | €378,917 | €378,917 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €240,594 | €58,282 | -€182,312 | -75.8% |
| Total equity and liabilities | 10/49 | €668,258 | €507,339 | -€160,919 | -24.1% |
| Equity | 10/15 | €522,670 | €483,684 | -€38,986 | -7.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €460,639 | €421,653 | -€38,986 | -8.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €454,439 | €415,453 | -€38,986 | -8.6% |
| Profit (loss) carried forward | 14 | €31 | €31 | = | 0.0% |
| Amounts payable | 17/49 | €145,589 | €23,655 | -€121,934 | -83.8% |
| Amounts payable within one year | 42/48 | €145,589 | €23,655 | -€121,934 | -83.8% |
| Trade debts | 44 | €10,641 | €13,215 | +€2,574 | +24.2% |
| Suppliers | 440/4 | €10,641 | €13,215 | +€2,574 | +24.2% |
| Taxes, remuneration and social security | 45 | €6,435 | €4,973 | -€1,463 | -22.7% |
| Taxes | 450/3 | €6,435 | €4,973 | -€1,463 | -22.7% |
| Other amounts payable | 47/48 | €128,513 | €5,468 | -€123,045 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €5,237 | +€5,237 | |
| Other operating charges | 640/8 | €617 | €1,398 | +€781 | +126% |
| Gross operating margin | 9900 | €74,190 | €59,777 | -€14,413 | -19.4% |
| Operating profit (loss) | 9901 | €73,573 | €53,141 | -€20,431 | -27.8% |
| Financial income | 75/76B | €15,335 | €14,941 | -€394 | -2.6% |
| Recurring financial income | 75 | €15,335 | €14,941 | -€394 | -2.6% |
| Financial charges | 65/66B | €131 | €199 | +€69 | +52.4% |
| Recurring financial charges | 65 | €131 | €199 | +€69 | +52.4% |
| Profit (loss) for the period before taxes | 9903 | €88,777 | €67,883 | -€20,894 | -23.5% |
| Income taxes | 67/77 | €24,423 | €18,156 | -€6,267 | -25.7% |
| Profit (loss) for the period | 9904 | €64,354 | €49,727 | -€14,627 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64,354 | €49,727 | -€14,627 | -22.7% |
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 5 November 2026 via checked.be.