Frelly's: 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.
Frelly's
Largest movements
- Cash +€17,499
up €17,499 (+27.9%), from €62,774 to €80,273
mainly Net result for the year (+€42,472) and Depreciation (+€15,687)
- Tangible fixed assets -€15,687
down €15,687 (-4.0%), from €390,571 to €374,885
of which Land and buildings: -€11,745
- Stocks and contracts -€6,252
down €6,252 (-7.8%), from €80,180 to €73,928
- Reserves +€42,472
up €42,472 (+62.6%), from €67,856 to €110,328
- Debts after one year -€21,074
down €21,074 (-5.2%), from €403,795 to €382,721
of which Financial debts: -€12,896
- Tax, wage and social debts -€15,021
down €15,021 (-82.1%), from €18,293 to €3,272
of which Taxes: -€14,856
- Gross operating margin -€20,646
down €20,646 (-18.9%), from €109,367 to €88,721
- Staff costs -€9,622
down €9,622 (-80.0%), from €12,029 to €2,407
- Taxes -€1,693
down €1,693 (-10.6%), from €16,032 to €14,340
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 | €537,485 | €540,769 | +€3,284 | +0.6% |
| Fixed assets | 21/28 | €390,571 | €374,885 | -€15,687 | -4.0% |
| Tangible fixed assets | 22/27 | €390,571 | €374,885 | -€15,687 | -4.0% |
| Land and buildings | 22 | €383,441 | €371,697 | -€11,745 | -3.1% |
| Furniture and vehicles | 24 | €7,130 | €3,188 | -€3,942 | -55.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €146,914 | €165,885 | +€18,971 | +12.9% |
| Stocks and contracts in progress | 3 | €80,180 | €73,928 | -€6,252 | -7.8% |
| Stocks | 30/36 | €80,180 | €73,928 | -€6,252 | -7.8% |
| Amounts receivable within one year | 40/41 | €2,581 | €6,510 | +€3,929 | +152.2% |
| Trade receivables | 40 | €1,682 | €726 | -€956 | -56.9% |
| Other amounts receivable | 41 | €899 | €5,784 | +€4,885 | +543.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €62,774 | €80,273 | +€17,499 | +27.9% |
| Deferred charges and accrued income | 490/1 | €1,380 | €5,174 | +€3,795 | +275.0% |
| Total equity and liabilities | 10/49 | €537,485 | €540,769 | +€3,284 | +0.6% |
| Equity | 10/15 | €70,356 | €112,828 | +€42,472 | +60.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €67,856 | €110,328 | +€42,472 | +62.6% |
| Distributable reserves | 133 | €67,856 | €110,328 | +€42,472 | +62.6% |
| Amounts payable | 17/49 | €467,129 | €427,941 | -€39,189 | -8.4% |
| Amounts payable after more than one year | 17 | €403,795 | €382,721 | -€21,074 | -5.2% |
| Financial debts | 170/4 | €211,760 | €198,864 | -€12,896 | -6.1% |
| Other amounts payable | 178/9 | €192,035 | €183,857 | -€8,178 | -4.3% |
| Amounts payable within one year | 42/48 | €63,334 | €45,198 | -€18,137 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €18,141 | €12,896 | -€5,245 | -28.9% |
| Trade debts | 44 | €26,901 | €29,030 | +€2,129 | +7.9% |
| Suppliers | 440/4 | €26,901 | €29,030 | +€2,129 | +7.9% |
| Taxes, remuneration and social security | 45 | €18,293 | €3,272 | -€15,021 | -82.1% |
| Taxes | 450/3 | €16,389 | €1,533 | -€14,856 | -90.6% |
| Remuneration and social security | 454/9 | €1,904 | €1,739 | -€165 | -8.7% |
| Accrued charges and deferred income | 492/3 | - | €22 | +€22 | |
| Remuneration, social security and pensions | 62 | €12,029 | €2,407 | -€9,622 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,411 | €15,687 | -€724 | -4.4% |
| Other operating charges | 640/8 | €3,836 | €4,112 | +€276 | +7.2% |
| Non-recurring operating charges | 66A | €1,685 | €0 | -€1,685 | -100.0% |
| Gross operating margin | 9900 | €109,367 | €88,721 | -€20,646 | -18.9% |
| Operating profit (loss) | 9901 | €75,406 | €66,515 | -€8,891 | -11.8% |
| Financial income | 75/76B | €16 | €643 | +€627 | +3934.9% |
| Recurring financial income | 75 | €16 | €643 | +€627 | +3934.9% |
| Financial charges | 65/66B | €10,981 | €10,346 | -€635 | -5.8% |
| Recurring financial charges | 65 | €10,981 | €10,346 | -€635 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €64,441 | €56,812 | -€7,629 | -11.8% |
| Income taxes | 67/77 | €16,032 | €14,340 | -€1,693 | -10.6% |
| Profit (loss) for the period | 9904 | €48,408 | €42,472 | -€5,936 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €48,408 | €42,472 | -€5,936 | -12.3% |
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 10 October 2026 via checked.be.