Frelens: 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.
Frelens
Largest movements
- Receivables after one year -€277,240
down €277,240 (-31.6%), from €878,040 to €600,800
- Cash +€269,838
up €269,838 (+157.2%), from €171,648 to €441,486
mainly Net result for the year (+€424,129) and Receivables after one year (+€277,240)
- Tangible fixed assets +€110,096
up €110,096 (+12.1%), from €912,520 to €1.0m
of which Furniture and vehicles: +€57,316
- Profit (loss) carried forward +€115,645
up €115,645 (+41.6%), from €278,270 to €393,915
- Debts after one year -€39,398
down €39,398 (-5.5%), from €716,689 to €677,291
- Tax, wage and social debts +€23,771
up €23,771 (+30.3%), from €78,536 to €102,307
of which Taxes: +€15,721
- Accrued charges and deferred income -€23,504
no longer reported in 2025 (was €23,504)
- Taxes +€64,807
up €64,807 (+78.8%), from €82,225 to €147,032
- Depreciation -€26,027
down €26,027 (-50.4%), from €51,661 to €25,633
- Gross operating margin +€6,259
up €6,259 (+1.1%), from €559,563 to €565,823
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 | €2,223,622 | €2,310,759 | +€87,137 | +3.9% |
| Fixed assets | 21/28 | €983,320 | €1,093,416 | +€110,096 | +11.2% |
| Tangible fixed assets | 22/27 | €912,520 | €1,022,616 | +€110,096 | +12.1% |
| Land and buildings | 22 | €871,138 | €918,731 | +€47,593 | +5.5% |
| Plant, machinery and equipment | 23 | €3,368 | €2,410 | -€958 | -28.4% |
| Furniture and vehicles | 24 | €8,563 | €65,879 | +€57,316 | +669.3% |
| Other tangible fixed assets | 26 | €29,451 | €35,596 | +€6,145 | +20.9% |
| Financial fixed assets | 28 | €70,800 | €70,800 | = | 0.0% |
| Current assets | 29/58 | €1,240,302 | €1,217,343 | -€22,960 | -1.9% |
| Amounts receivable after more than one year | 29 | €878,040 | €600,800 | -€277,240 | -31.6% |
| Other amounts receivable | 291 | €878,040 | €600,800 | -€277,240 | -31.6% |
| Amounts receivable within one year | 40/41 | €190,615 | €172,338 | -€18,277 | -9.6% |
| Trade receivables | 40 | €27,109 | €21,107 | -€6,003 | -22.1% |
| Other amounts receivable | 41 | €163,506 | €151,231 | -€12,274 | -7.5% |
| Cash at bank and in hand | 54/58 | €171,648 | €441,486 | +€269,838 | +157.2% |
| Deferred charges and accrued income | 490/1 | - | €2,719 | +€2,719 | |
| Total equity and liabilities | 10/49 | €2,223,622 | €2,310,759 | +€87,137 | +3.9% |
| Equity | 10/15 | €1,293,757 | €1,410,220 | +€116,463 | +9.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,003,087 | €1,003,905 | +€818 | +0.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,001,227 | €1,002,045 | +€818 | +0.1% |
| Profit (loss) carried forward | 14 | €278,270 | €393,915 | +€115,645 | +41.6% |
| Amounts payable | 17/49 | €929,865 | €900,539 | -€29,326 | -3.2% |
| Amounts payable after more than one year | 17 | €716,689 | €677,291 | -€39,398 | -5.5% |
| Financial debts | 170/4 | €716,689 | €677,291 | -€39,398 | -5.5% |
| Amounts payable within one year | 42/48 | €189,672 | €223,247 | +€33,576 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €85,341 | €96,571 | +€11,230 | +13.2% |
| Trade debts | 44 | €12,129 | €9,537 | -€2,592 | -21.4% |
| Suppliers | 440/4 | €12,129 | €9,537 | -€2,592 | -21.4% |
| Taxes, remuneration and social security | 45 | €78,536 | €102,307 | +€23,771 | +30.3% |
| Taxes | 450/3 | €78,536 | €94,257 | +€15,721 | +20.0% |
| Remuneration and social security | 454/9 | - | €8,050 | +€8,050 | |
| Other amounts payable | 47/48 | €13,666 | €14,832 | +€1,166 | +8.5% |
| Accrued charges and deferred income | 492/3 | €23,504 | - | -€23,504 | |
| Non-recurring operating income | 76A | €283,609 | €84,737 | -€198,872 | -70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,661 | €25,633 | -€26,027 | -50.4% |
| Other operating charges | 640/8 | €4,053 | €4,040 | -€13 | -0.3% |
| Gross operating margin | 9900 | €559,563 | €565,823 | +€6,259 | +1.1% |
| Operating profit (loss) | 9901 | €503,850 | €536,150 | +€32,299 | +6.4% |
| Financial income | 75/76B | €49,157 | €47,083 | -€2,073 | -4.2% |
| Recurring financial income | 75 | €49,157 | €47,083 | -€2,073 | -4.2% |
| Financial charges | 65/66B | €12,345 | €12,072 | -€272 | -2.2% |
| Recurring financial charges | 65 | €12,345 | €12,072 | -€272 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €540,662 | €571,161 | +€30,498 | +5.6% |
| Income taxes | 67/77 | €82,225 | €147,032 | +€64,807 | +78.8% |
| Profit (loss) for the period | 9904 | €458,437 | €424,129 | -€34,308 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €458,437 | €424,129 | -€34,308 | -7.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.