FREJLICH: 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.
FREJLICH
Largest movements
- Receivables after one year +€100,000
new in 2025: €100,000
- Tangible fixed assets -€46,241
down €46,241 (-27.8%), from €166,530 to €120,289
of which Plant, machinery and equipment: -€26,236
- Cash +€41,391
up €41,391 (+77.6%), from €53,361 to €94,752
mainly Other debts (+€86,835) and Net result for the year (+€41,851)
- Receivables within one year -€34,127
down €34,127 (-16.9%), from €202,362 to €168,235
of which Other amounts receivable: -€67,718
- Deferred charges and accrued income -€18,755
down €18,755 (-89.4%), from €20,984 to €2,228
- Other debts +€86,835
up €86,835 (+1512.9%), from €5,739 to €92,575
- Reserves -€33,906
down €33,906 (-12.0%), from €283,645 to €249,739
of which Distributable reserves: -€25,291
- Debts after one year -€28,551
down €28,551 (-33.0%), from €86,472 to €57,921
- Trade debts +€20,720
up €20,720 (+188.7%), from €10,982 to €31,702
- Advances received -€11,700
no longer reported in 2025 (was €11,700)
- Gross operating margin -€35,508
down €35,508 (-29.0%), from €122,402 to €86,894
- Depreciation -€22,401
down €22,401 (-52.1%), from €42,989 to €20,588
- Financial income -€6,798
down €6,798 (-65.0%), from €10,464 to €3,666
- Other operating charges +€2,934
up €2,934 (+185.0%), from €1,586 to €4,520
- Taxes -€2,897
down €2,897 (-11.9%), from €24,354 to €21,457
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 | €450,266 | €485,504 | +€35,239 | +7.8% |
| Fixed assets | 21/28 | €173,559 | €120,289 | -€53,270 | -30.7% |
| Intangible fixed assets | 21 | €7,029 | - | -€7,029 | |
| Tangible fixed assets | 22/27 | €166,530 | €120,289 | -€46,241 | -27.8% |
| Land and buildings | 22 | €138,600 | €118,800 | -€19,800 | -14.3% |
| Plant, machinery and equipment | 23 | €27,725 | €1,489 | -€26,236 | -94.6% |
| Other tangible fixed assets | 26 | €205 | - | -€205 | |
| Current assets | 29/58 | €276,707 | €365,215 | +€88,508 | +32.0% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €202,362 | €168,235 | -€34,127 | -16.9% |
| Trade receivables | 40 | €2,409 | €36,000 | +€33,591 | +1394.5% |
| Other amounts receivable | 41 | €199,953 | €132,235 | -€67,718 | -33.9% |
| Cash at bank and in hand | 54/58 | €53,361 | €94,752 | +€41,391 | +77.6% |
| Deferred charges and accrued income | 490/1 | €20,984 | €2,228 | -€18,755 | -89.4% |
| Total equity and liabilities | 10/49 | €450,266 | €485,504 | +€35,239 | +7.8% |
| Equity | 10/15 | €296,045 | €262,139 | -€33,906 | -11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €283,645 | €249,739 | -€33,906 | -12.0% |
| Tax-exempt reserves | 132 | €8,615 | - | -€8,615 | |
| Distributable reserves | 133 | €275,030 | €249,739 | -€25,291 | -9.2% |
| Amounts payable | 17/49 | €154,221 | €223,365 | +€69,144 | +44.8% |
| Amounts payable after more than one year | 17 | €86,472 | €57,921 | -€28,551 | -33.0% |
| Financial debts | 170/4 | €86,472 | €57,921 | -€28,551 | -33.0% |
| Amounts payable within one year | 42/48 | €62,111 | €163,944 | +€101,833 | +164.0% |
| Current portion of amounts payable after more than one year | 42 | €28,281 | €28,551 | +€270 | +1.0% |
| Trade debts | 44 | €10,982 | €31,702 | +€20,720 | +188.7% |
| Suppliers | 440/4 | €10,982 | €31,702 | +€20,720 | +188.7% |
| Advances received on contracts in progress | 46 | €11,700 | - | -€11,700 | |
| Taxes, remuneration and social security | 45 | €5,408 | €11,116 | +€5,708 | +105.5% |
| Taxes | 450/3 | €5,408 | €1,678 | -€3,730 | -69.0% |
| Remuneration and social security | 454/9 | - | €9,439 | +€9,439 | |
| Other amounts payable | 47/48 | €5,739 | €92,575 | +€86,835 | +1512.9% |
| Accrued charges and deferred income | 492/3 | €5,638 | €1,500 | -€4,138 | -73.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,989 | €20,588 | -€22,401 | -52.1% |
| Other operating charges | 640/8 | €1,586 | €4,520 | +€2,934 | +185.0% |
| Non-recurring operating charges | 66A | - | €205 | +€205 | |
| Gross operating margin | 9900 | €122,402 | €86,894 | -€35,508 | -29.0% |
| Operating profit (loss) | 9901 | €77,827 | €61,581 | -€16,246 | -20.9% |
| Financial income | 75/76B | €10,464 | €3,666 | -€6,798 | -65.0% |
| Recurring financial income | 75 | €10,464 | €3,666 | -€6,798 | -65.0% |
| Financial charges | 65/66B | €2,028 | €1,939 | -€89 | -4.4% |
| Recurring financial charges | 65 | €2,028 | €1,939 | -€89 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €86,263 | €63,308 | -€22,955 | -26.6% |
| Income taxes | 67/77 | €24,354 | €21,457 | -€2,897 | -11.9% |
| Profit (loss) for the period | 9904 | €61,908 | €41,851 | -€20,058 | -32.4% |
| Transfer from tax-exempt reserves | 789 | - | €8,615 | +€8,615 | |
| Profit (loss) for the period to be appropriated | 9905 | €61,908 | €50,465 | -€11,443 | -18.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.