FRéLOCHANE: 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.
FRéLOCHANE
Largest movements
- Cash -€1.3m
down €1.3m (-97.7%), from €1.4m to €30,633
mainly Current investments (-€850,000) and Receivables within one year (-€764,231)
- Current investments +€850,000
new in 2025: €850,000
- Receivables within one year +€764,231
up €764,231 (+35.1%), from €2.2m to €2.9m
of which Other amounts receivable: +€843,702
- Deferred charges and accrued income -€136,999
down €136,999 (-53.0%), from €258,339 to €121,340
- Reserves +€346,471
up €346,471 (+10.4%), from €3.3m to €3.7m
of which Distributable reserves: +€346,471
- Tax, wage and social debts -€121,974
down €121,974 (-62.7%), from €194,551 to €72,577
- Short-term financial debts -€75,659
no longer reported in 2025 (was €75,659)
- Gross operating margin -€231,320
down €231,320 (-23.5%), from €984,051 to €752,731
- Taxes -€63,846
down €63,846 (-18.5%), from €344,551 to €280,705
- Financial income +€38,818
up €38,818 (+49.5%), from €78,489 to €117,308
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 | €3,939,419 | €4,095,102 | +€155,683 | +4.0% |
| Fixed assets | 21/28 | €550 | €550 | = | 0.0% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €3,938,869 | €4,094,552 | +€155,683 | +4.0% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,178,348 | €2,942,579 | +€764,231 | +35.1% |
| Trade receivables | 40 | €445,459 | €365,988 | -€79,471 | -17.8% |
| Other amounts receivable | 41 | €1,732,889 | €2,576,591 | +€843,702 | +48.7% |
| Current investments | 50/53 | - | €850,000 | +€850,000 | |
| Cash at bank and in hand | 54/58 | €1,352,183 | €30,633 | -€1.3m | -97.7% |
| Deferred charges and accrued income | 490/1 | €258,339 | €121,340 | -€136,999 | -53.0% |
| Total equity and liabilities | 10/49 | €3,939,419 | €4,095,102 | +€155,683 | +4.0% |
| Equity | 10/15 | €3,327,873 | €3,674,344 | +€346,471 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,321,673 | €3,668,144 | +€346,471 | +10.4% |
| Non-distributable reserves | 130/1 | €35,445 | €35,445 | = | 0.0% |
| Reserves not available under the articles | 1311 | €35,445 | €35,445 | = | 0.0% |
| Distributable reserves | 133 | €3,286,229 | €3,632,699 | +€346,471 | +10.5% |
| Amounts payable | 17/49 | €611,546 | €420,758 | -€190,788 | -31.2% |
| Amounts payable within one year | 42/48 | €608,046 | €417,258 | -€190,788 | -31.4% |
| Financial debts | 43 | €75,659 | - | -€75,659 | |
| Credit institutions | 430/8 | €75,659 | - | -€75,659 | |
| Trade debts | 44 | €337,837 | €344,681 | +€6,845 | +2.0% |
| Suppliers | 440/4 | €337,837 | €344,681 | +€6,845 | +2.0% |
| Taxes, remuneration and social security | 45 | €194,551 | €72,577 | -€121,974 | -62.7% |
| Taxes | 450/3 | €194,551 | €72,577 | -€121,974 | -62.7% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Other operating charges | 640/8 | €4,305 | €5,015 | +€710 | +16.5% |
| Gross operating margin | 9900 | €984,051 | €752,731 | -€231,320 | -23.5% |
| Operating profit (loss) | 9901 | €979,746 | €747,716 | -€232,030 | -23.7% |
| Financial income | 75/76B | €78,489 | €117,308 | +€38,818 | +49.5% |
| Recurring financial income | 75 | €78,489 | €117,308 | +€38,818 | +49.5% |
| Financial charges | 65/66B | €2,322 | €2,023 | -€299 | -12.9% |
| Recurring financial charges | 65 | €2,322 | €2,023 | -€299 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €1,055,913 | €863,001 | -€192,913 | -18.3% |
| Income taxes | 67/77 | €344,551 | €280,705 | -€63,846 | -18.5% |
| Profit (loss) for the period | 9904 | €711,363 | €582,296 | -€129,067 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €711,363 | €582,296 | -€129,067 | -18.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.