FRELOT: what changed
What changed
FRELOT
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
filed annual accounts (NBB)
Net result for the year
-€47,844
2024 · €95,720-€143,564
Equity
€116,651
2024 · €164,496-€47,844
Cash
€194,017
2024 · €227,291-€33,274
Balance sheet total
€1.3m
2024 · €1.0m+€287,822
Largest movements
Assets
- Tangible fixed assets +€273,985
up €273,985 (+265%), from €103,515 to €377,500
of which Assets under construction and advance payments: +€295,704
- Receivables within one year +€75,051
up €75,051 (+470%), from €15,972 to €91,023
of which Trade receivables: +€59,779
- Stocks and contracts -€57,854
down €57,854 (-11.5%), from €502,214 to €444,360
- Cash -€33,274
down €33,274 (-14.6%), from €227,291 to €194,017
mainly Investment in fixed assets (net) (-€308,733) and Receivables within one year (-€75,051)
- Deferred charges and accrued income +€29,914
up €29,914 (+1,859%), from €1,609 to €31,523
Equity and liabilities
- Trade debts +€328,812
up €328,812 (+76.0%), from €432,823 to €761,635
- Accrued charges and deferred income +€56,686
new in 2025: €56,686
- Profit (loss) carried forward -€47,844
down €47,844 (-32.4%), from -€147,839 to -€195,683
- Debts after one year -€43,006
down €43,006 (-16.4%), from €262,364 to €219,358
of which Financial debts: -€43,006
- Other debts -€15,034
down €15,034 (-63.9%), from €23,526 to €8,492
Income statement
- Gross operating margin -€157,181
down €157,181 (-28.9%), from €544,659 to €387,479
- Staff costs +€12,245
up €12,245 (+3.3%), from €373,941 to €386,186
- Depreciation -€8,087
down €8,087 (-18.9%), from €42,835 to €34,748
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
€95,720
Gross operating margin
-€157,181
Staff costs
-€12,245
Depreciation
+€8,087
Other operating charges
+€699
Other operating items
+€12,775
Financial income
-€1,130
Financial charges
+€398
Taxes
+€5,032
Result 2025
-€47,844
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
+€321,012
Investment
-€308,733
Financing
-€45,554
Cash 2024
€227,291
From operations (derived)
+€321,012
Net result for the year
-€47,844
Depreciation
+€34,748
Stocks and contracts
+€57,854
Receivables within one year
-€75,051
Deferred charges and accrued income
-€29,914
Trade debts
+€328,812
Tax, wage and social debts
+€10,755
Other debts
-€15,034
Accrued charges and deferred income
+€56,686
Investment (derived)
-€308,733
Investment in fixed assets (net)
-€308,733
Financing
-€45,554
Debts after one year
-€43,006
Current portion of long-term debt
-€2,547
Cash 2025
€194,017
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,000,601 | €1,288,423 | +€287,822 | +28.8% |
| Fixed assets | 21/28 | €103,515 | €377,500 | +€273,985 | +265% |
| Tangible fixed assets | 22/27 | €103,515 | €377,500 | +€273,985 | +265% |
| Land and buildings | 22 | €519 | €0 | -€519 | -100% |
| Plant, machinery and equipment | 23 | €16,612 | €21,323 | +€4,710 | +28.4% |
| Leasing and similar rights | 25 | €79,710 | €57,764 | -€21,946 | -27.5% |
| Other tangible fixed assets | 26 | €6,674 | €2,710 | -€3,964 | -59.4% |
| Assets under construction and advance payments | 27 | - | €295,704 | +€295,704 | |
| Current assets | 29/58 | €897,086 | €910,923 | +€13,836 | +1.5% |
| Stocks and contracts in progress | 3 | €502,214 | €444,360 | -€57,854 | -11.5% |
| Stocks | 30/36 | €502,214 | €444,360 | -€57,854 | -11.5% |
| Amounts receivable within one year | 40/41 | €15,972 | €91,023 | +€75,051 | +470% |
| Trade receivables | 40 | €15,972 | €75,751 | +€59,779 | +374% |
| Other amounts receivable | 41 | €0 | €15,272 | +€15,272 | |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €227,291 | €194,017 | -€33,274 | -14.6% |
| Deferred charges and accrued income | 490/1 | €1,609 | €31,523 | +€29,914 | +1,859% |
| Total equity and liabilities | 10/49 | €1,000,601 | €1,288,423 | +€287,822 | +28.8% |
| Equity | 10/15 | €164,496 | €116,651 | -€47,844 | -29.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €12,334 | €12,334 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,334 | €12,334 | = | 0.0% |
| Legal reserve | 130 | €12,334 | €12,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,839 | -€195,683 | -€47,844 | -32.4% |
| Amounts payable | 17/49 | €836,106 | €1,171,772 | +€335,666 | +40.1% |
| Amounts payable after more than one year | 17 | €262,364 | €219,358 | -€43,006 | -16.4% |
| Financial debts | 170/4 | €107,364 | €64,358 | -€43,006 | -40.1% |
| Other amounts payable | 178/9 | €155,000 | €155,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €573,742 | €895,728 | +€321,986 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | €45,554 | €43,006 | -€2,547 | -5.6% |
| Trade debts | 44 | €432,823 | €761,635 | +€328,812 | +76.0% |
| Suppliers | 440/4 | €432,823 | €761,635 | +€328,812 | +76.0% |
| Taxes, remuneration and social security | 45 | €71,839 | €82,595 | +€10,755 | +15.0% |
| Taxes | 450/3 | €4,759 | €17,286 | +€12,527 | +263% |
| Remuneration and social security | 454/9 | €67,080 | €65,309 | -€1,771 | -2.6% |
| Other amounts payable | 47/48 | €23,526 | €8,492 | -€15,034 | -63.9% |
| Accrued charges and deferred income | 492/3 | - | €56,686 | +€56,686 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €373,941 | €386,186 | +€12,245 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,835 | €34,748 | -€8,087 | -18.9% |
| Other operating charges | 640/8 | €4,278 | €3,579 | -€699 | -16.3% |
| Non-recurring operating charges | 66A | €12,775 | €0 | -€12,775 | -100% |
| Gross operating margin | 9900 | €544,659 | €387,479 | -€157,181 | -28.9% |
| Operating profit (loss) | 9901 | €110,830 | -€37,035 | -€147,865 | |
| Financial income | 75/76B | €6,277 | €5,147 | -€1,130 | -18.0% |
| Recurring financial income | 75 | €6,277 | €5,147 | -€1,130 | -18.0% |
| Financial charges | 65/66B | €16,158 | €15,760 | -€398 | -2.5% |
| Recurring financial charges | 65 | €16,158 | €15,760 | -€398 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €100,949 | -€47,648 | -€148,596 | |
| Income taxes | 67/77 | €5,229 | €197 | -€5,032 | -96.2% |
| Profit (loss) for the period | 9904 | €95,720 | -€47,844 | -€143,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,720 | -€47,844 | -€143,564 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 1 November 2026 via checked.be.