FRELACO: what changed
What changed
FRELACO
NACE 86.995, Nutrition and dietetics services
filed annual accounts (NBB)
Net result for the year
€35,941
2024 · €55,871-€19,930
Equity
€205,026
2024 · €198,454+€6,572
Cash
€93,961
2024 · €119,475-€25,515
Balance sheet total
€515,695
2024 · €571,460-€55,765
Largest movements
Assets
- Tangible fixed assets -€35,953
down €35,953 (-8.8%), from €408,527 to €372,574
- Cash -€25,515
down €25,515 (-21.4%), from €119,475 to €93,961
mainly Debts after one year (-€54,516) and Contributions, distributions and other (-€29,369)
- Current investments +€5,911
up €5,911 (+75.0%), from €7,882 to €13,793
Equity and liabilities
- Debts after one year -€54,516
down €54,516 (-22.2%), from €245,894 to €191,378
- Tax, wage and social debts -€16,718
down €16,718 (-43.0%), from €38,891 to €22,173
of which Taxes: -€11,386
- Reserves +€6,572
up €6,572 (+3.5%), from €186,054 to €192,626
Income statement
- Gross operating margin -€38,339
down €38,339 (-15.7%), from €244,959 to €206,620
- Staff costs -€16,032
down €16,032 (-14.0%), from €114,852 to €98,821
- Taxes -€4,793
down €4,793 (-25.6%), from €18,717 to €13,924
- Depreciation +€3,033
up €3,033 (+6.7%), from €45,531 to €48,565
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.
Result 2024
€55,871
Gross operating margin
-€38,339
Staff costs
+€16,032
Depreciation
-€3,033
Other operating charges
-€375
Other operating items
-€154
Financial income
-€553
Financial charges
+€1,700
Taxes
+€4,793
Result 2025
€35,941
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€71,262
Investment
-€18,523
Financing
-€78,254
Cash 2024
€119,475
From operations (derived)
+€71,262
Net result for the year
+€35,941
Depreciation
+€48,565
Stocks and contracts
-€1,845
Receivables within one year
+€3,304
Deferred charges and accrued income
-€1,250
Trade debts
+€2,192
Tax, wage and social debts
-€16,718
Other debts
+€1,071
Accrued charges and deferred income
+€2
Investment (derived)
-€18,523
Investment in fixed assets (net)
-€12,612
Current investments
-€5,911
Financing
-€78,254
Debts after one year
-€54,516
Current portion of long-term debt
+€5,632
Contributions, distributions and other
-€29,369
Cash 2025
€93,961
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €571,460 | €515,695 | -€55,765 | -9.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €408,652 | €372,699 | -€35,953 | -8.8% |
| Tangible fixed assets | 22/27 | €408,527 | €372,574 | -€35,953 | -8.8% |
| Land and buildings | 22 | €322,324 | €305,622 | -€16,702 | -5.2% |
| Plant, machinery and equipment | 23 | €34,337 | €30,442 | -€3,895 | -11.3% |
| Furniture and vehicles | 24 | €49,507 | €34,577 | -€14,930 | -30.2% |
| Other tangible fixed assets | 26 | €2,359 | €1,933 | -€426 | -18.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €162,808 | €142,996 | -€19,812 | -12.2% |
| Stocks and contracts in progress | 3 | €25,389 | €27,234 | +€1,845 | +7.3% |
| Stocks | 30/36 | €25,389 | €27,234 | +€1,845 | +7.3% |
| Amounts receivable within one year | 40/41 | €8,337 | €5,033 | -€3,304 | -39.6% |
| Trade receivables | 40 | €5,108 | €4,977 | -€131 | -2.6% |
| Other amounts receivable | 41 | €3,229 | €56 | -€3,173 | -98.3% |
| Current investments | 50/53 | €7,882 | €13,793 | +€5,911 | +75.0% |
| Cash at bank and in hand | 54/58 | €119,475 | €93,961 | -€25,515 | -21.4% |
| Deferred charges and accrued income | 490/1 | €1,725 | €2,975 | +€1,250 | +72.5% |
| Total equity and liabilities | 10/49 | €571,460 | €515,695 | -€55,765 | -9.8% |
| Equity | 10/15 | €198,454 | €205,026 | +€6,572 | +3.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €186,054 | €192,626 | +€6,572 | +3.5% |
| Distributable reserves | 133 | €186,054 | €192,626 | +€6,572 | +3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €373,006 | €310,669 | -€62,337 | -16.7% |
| Amounts payable after more than one year | 17 | €245,894 | €191,378 | -€54,516 | -22.2% |
| Financial debts | 170/4 | €245,894 | €191,378 | -€54,516 | -22.2% |
| Amounts payable within one year | 42/48 | €126,107 | €118,285 | -€7,822 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €59,700 | €65,331 | +€5,632 | +9.4% |
| Trade debts | 44 | €27,517 | €29,709 | +€2,192 | +8.0% |
| Suppliers | 440/4 | €27,517 | €29,709 | +€2,192 | +8.0% |
| Taxes, remuneration and social security | 45 | €38,891 | €22,173 | -€16,718 | -43.0% |
| Taxes | 450/3 | €19,115 | €7,730 | -€11,386 | -59.6% |
| Remuneration and social security | 454/9 | €19,776 | €14,444 | -€5,332 | -27.0% |
| Other amounts payable | 47/48 | €0 | €1,071 | +€1,071 | |
| Accrued charges and deferred income | 492/3 | €1,005 | €1,007 | +€2 | +0.2% |
| Non-recurring operating income | 76A | - | €2,025 | +€2,025 | |
| Remuneration, social security and pensions | 62 | €114,852 | €98,821 | -€16,032 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,531 | €48,565 | +€3,033 | +6.7% |
| Other operating charges | 640/8 | €3,185 | €3,560 | +€375 | +11.8% |
| Non-recurring operating charges | 66A | €0 | €154 | +€154 | |
| Gross operating margin | 9900 | €244,959 | €206,620 | -€38,339 | -15.7% |
| Operating profit (loss) | 9901 | €81,390 | €55,520 | -€25,870 | -31.8% |
| Financial income | 75/76B | €2,320 | €1,768 | -€553 | -23.8% |
| Recurring financial income | 75 | €2,320 | €1,768 | -€553 | -23.8% |
| Financial charges | 65/66B | €9,123 | €7,423 | -€1,700 | -18.6% |
| Recurring financial charges | 65 | €9,123 | €7,423 | -€1,700 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €74,588 | €49,865 | -€24,722 | -33.1% |
| Income taxes | 67/77 | €18,717 | €13,924 | -€4,793 | -25.6% |
| Profit (loss) for the period | 9904 | €55,871 | €35,941 | -€19,930 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €55,871 | €35,941 | -€19,930 | -35.7% |
Next steps
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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.