FRELIMMO: 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.
FRELIMMO
Largest movements
- Tangible fixed assets -€41,083
down €41,083 (-7.5%), from €550,929 to €509,846
of which Land and buildings: -€41,083
- Cash +€28,447
up €28,447 (+180.5%), from €15,763 to €44,210
mainly Depreciation (+€48,201) and Deferred charges and accrued income (+€12,019)
- Deferred charges and accrued income -€12,019
down €12,019 (-51.0%), from €23,556 to €11,537
- Debts after one year -€38,864
down €38,864 (-13.7%), from €283,245 to €244,382
of which Financial debts: -€38,864
- Profit (loss) carried forward +€9,505
up €9,505 (+3.2%), from -€293,724 to -€284,219
- Other operating charges +€9,109
up €9,109 (+151.5%), from €6,014 to €15,123
- Depreciation -€3,661
down €3,661 (-7.1%), from €51,862 to €48,201
- Financial charges +€2,808
up €2,808 (+18.1%), from €15,493 to €18,301
- Gross operating margin -€1,679
down €1,679 (-1.8%), from €92,744 to €91,065
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €590,248 | €565,608 | -€24,639 | -4.2% |
| Fixed assets | 21/28 | €550,929 | €509,846 | -€41,083 | -7.5% |
| Tangible fixed assets | 22/27 | €550,929 | €509,846 | -€41,083 | -7.5% |
| Land and buildings | 22 | €550,929 | €509,846 | -€41,083 | -7.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €39,319 | €55,762 | +€16,443 | +41.8% |
| Amounts receivable within one year | 40/41 | - | €16 | +€16 | |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €15,763 | €44,210 | +€28,447 | +180.5% |
| Deferred charges and accrued income | 490/1 | €23,556 | €11,537 | -€12,019 | -51.0% |
| Total equity and liabilities | 10/49 | €590,248 | €565,608 | -€24,639 | -4.2% |
| Equity | 10/15 | -€93,724 | -€84,219 | +€9,505 | +10.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,724 | -€284,219 | +€9,505 | +3.2% |
| Amounts payable | 17/49 | €683,972 | €649,827 | -€34,145 | -5.0% |
| Amounts payable after more than one year | 17 | €283,245 | €244,382 | -€38,864 | -13.7% |
| Financial debts | 170/4 | €280,665 | €241,802 | -€38,864 | -13.8% |
| Other amounts payable | 178/9 | €2,580 | €2,580 | = | 0.0% |
| Amounts payable within one year | 42/48 | €400,436 | €405,090 | +€4,654 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €38,135 | €38,864 | +€728 | +1.9% |
| Trade debts | 44 | €5,212 | €5,741 | +€529 | +10.2% |
| Suppliers | 440/4 | €5,212 | €5,741 | +€529 | +10.2% |
| Taxes, remuneration and social security | 45 | €1,355 | €1,877 | +€522 | +38.5% |
| Taxes | 450/3 | €1,355 | €1,877 | +€522 | +38.5% |
| Other amounts payable | 47/48 | €355,734 | €358,609 | +€2,875 | +0.8% |
| Accrued charges and deferred income | 492/3 | €291 | €356 | +€64 | +22.1% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,862 | €48,201 | -€3,661 | -7.1% |
| Other operating charges | 640/8 | €6,014 | €15,123 | +€9,109 | +151.5% |
| Gross operating margin | 9900 | €92,744 | €91,065 | -€1,679 | -1.8% |
| Operating profit (loss) | 9901 | €34,868 | €27,740 | -€7,128 | -20.4% |
| Financial income | 75/76B | €71 | €66 | -€5 | -7.3% |
| Recurring financial income | 75 | €71 | €66 | -€5 | -7.3% |
| Financial charges | 65/66B | €15,493 | €18,301 | +€2,808 | +18.1% |
| Recurring financial charges | 65 | €15,493 | €18,301 | +€2,808 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €19,446 | €9,505 | -€9,941 | -51.1% |
| Income taxes | 67/77 | €94 | €0 | -€94 | -100.0% |
| Profit (loss) for the period | 9904 | €19,353 | €9,505 | -€9,847 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,353 | €9,505 | -€9,847 | -50.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.