Frejan: 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.
Frejan
Largest movements
- Receivables within one year +€47,243
up €47,243 (+59.9%), from €78,935 to €126,178
of which Trade receivables: +€46,601
- Cash +€30,314
up €30,314 (+91.0%), from €33,327 to €63,641
mainly Net result for the year (+€85,975) and Other debts (+€11,308)
- Tangible fixed assets +€5,670
up €5,670 (+138.0%), from €4,109 to €9,778
of which Land and buildings: +€6,404
- Deferred charges and accrued income +€2,422
up €2,422 (+1228.9%), from €197 to €2,619
- Intangible fixed assets -€2,145
down €2,145 (-36.4%), from €5,893 to €3,749
- Reserves +€85,975
up €85,975 (+127.0%), from €67,718 to €153,693
- Tax, wage and social debts -€11,617
down €11,617 (-31.2%), from €37,274 to €25,657
of which Taxes: -€9,882
- Other debts +€11,308
up €11,308 (+98.5%), from €11,480 to €22,788
- Gross operating margin +€27,803
up €27,803 (+31.6%), from €88,009 to €115,812
- Taxes +€6,409
up €6,409 (+36.0%), from €17,796 to €24,205
- Depreciation +€2,176
up €2,176 (+147.5%), from €1,475 to €3,652
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,461 | €205,965 | +€83,504 | +68.2% |
| Fixed assets | 21/28 | €10,002 | €13,527 | +€3,525 | +35.2% |
| Intangible fixed assets | 21 | €5,893 | €3,749 | -€2,145 | -36.4% |
| Tangible fixed assets | 22/27 | €4,109 | €9,778 | +€5,670 | +138.0% |
| Land and buildings | 22 | €2,198 | €8,603 | +€6,404 | +291.3% |
| Furniture and vehicles | 24 | €1,910 | €1,175 | -€735 | -38.5% |
| Current assets | 29/58 | €112,459 | €192,438 | +€79,979 | +71.1% |
| Amounts receivable within one year | 40/41 | €78,935 | €126,178 | +€47,243 | +59.9% |
| Trade receivables | 40 | €78,935 | €125,536 | +€46,601 | +59.0% |
| Other amounts receivable | 41 | - | €642 | +€642 | |
| Cash at bank and in hand | 54/58 | €33,327 | €63,641 | +€30,314 | +91.0% |
| Deferred charges and accrued income | 490/1 | €197 | €2,619 | +€2,422 | +1228.9% |
| Total equity and liabilities | 10/49 | €122,461 | €205,965 | +€83,504 | +68.2% |
| Equity | 10/15 | €68,718 | €154,693 | +€85,975 | +125.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €67,718 | €153,693 | +€85,975 | +127.0% |
| Distributable reserves | 133 | €67,718 | €153,693 | +€85,975 | +127.0% |
| Amounts payable | 17/49 | €53,743 | €51,272 | -€2,471 | -4.6% |
| Amounts payable within one year | 42/48 | €52,488 | €51,272 | -€1,216 | -2.3% |
| Financial debts | 43 | - | €499 | +€499 | |
| Credit institutions | 430/8 | - | €499 | +€499 | |
| Trade debts | 44 | €3,734 | €2,328 | -€1,406 | -37.7% |
| Suppliers | 440/4 | €3,734 | €2,328 | -€1,406 | -37.7% |
| Taxes, remuneration and social security | 45 | €37,274 | €25,657 | -€11,617 | -31.2% |
| Taxes | 450/3 | €35,539 | €25,657 | -€9,882 | -27.8% |
| Remuneration and social security | 454/9 | €1,735 | €0 | -€1,735 | -100.0% |
| Other amounts payable | 47/48 | €11,480 | €22,788 | +€11,308 | +98.5% |
| Accrued charges and deferred income | 492/3 | €1,255 | €0 | -€1,255 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,475 | €3,652 | +€2,176 | +147.5% |
| Other operating charges | 640/8 | €454 | €751 | +€297 | +65.6% |
| Gross operating margin | 9900 | €88,009 | €115,812 | +€27,803 | +31.6% |
| Operating profit (loss) | 9901 | €86,080 | €111,409 | +€25,329 | +29.4% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100.0% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100.0% |
| Financial charges | 65/66B | €572 | €1,229 | +€657 | +114.7% |
| Recurring financial charges | 65 | €572 | €1,229 | +€657 | +114.7% |
| Profit (loss) for the period before taxes | 9903 | €85,514 | €110,180 | +€24,666 | +28.8% |
| Income taxes | 67/77 | €17,796 | €24,205 | +€6,409 | +36.0% |
| Profit (loss) for the period | 9904 | €67,718 | €85,975 | +€18,257 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,718 | €85,975 | +€18,257 | +27.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.