Frelyne: 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.
Frelyne
Largest movements
- Current investments +€50,186
up €50,186 (+9.4%), from €536,041 to €586,228
- Cash -€46,777
down €46,777 (-56.1%), from €83,368 to €36,591
mainly Contributions, distributions and other (-€99,451) and Current investments (-€50,186)
- Other debts +€98,327
up €98,327 (+29.5%), from €333,663 to €431,990
- Reserves -€93,695
down €93,695 (-68.5%), from €136,821 to €43,127
of which Distributable reserves: -€93,695
- Gross operating margin -€12,581
down €12,581 (-21.6%), from €58,201 to €45,620
- Financial income -€6,412
down €6,412 (-36.0%), from €17,799 to €11,387
- Depreciation -€4,276
down €4,276 (-56.0%), from €7,633 to €3,357
- Taxes -€4,093
down €4,093 (-42.3%), from €9,681 to €5,587
- Financial charges -€2,358
down €2,358 (-8.7%), from €27,123 to €24,765
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 | €810,291 | €810,552 | +€261 | 0.0% |
| Fixed assets | 21/28 | €172,758 | €169,401 | -€3,357 | -1.9% |
| Tangible fixed assets | 22/27 | €172,758 | €169,401 | -€3,357 | -1.9% |
| Land and buildings | 22 | €170,971 | €168,214 | -€2,757 | -1.6% |
| Plant, machinery and equipment | 23 | €1,787 | €1,187 | -€600 | -33.6% |
| Current assets | 29/58 | €637,533 | €641,151 | +€3,618 | +0.6% |
| Amounts receivable within one year | 40/41 | €15,084 | €11,563 | -€3,521 | -23.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €15,084 | €11,563 | -€3,521 | -23.3% |
| Current investments | 50/53 | €536,041 | €586,228 | +€50,186 | +9.4% |
| Cash at bank and in hand | 54/58 | €83,368 | €36,591 | -€46,777 | -56.1% |
| Deferred charges and accrued income | 490/1 | €3,040 | €6,769 | +€3,729 | +122.7% |
| Total equity and liabilities | 10/49 | €810,291 | €810,552 | +€261 | 0.0% |
| Equity | 10/15 | €440,215 | €346,520 | -€93,695 | -21.3% |
| Contributions | 10/11 | €279,523 | €279,523 | = | 0.0% |
| Capital | 10 | €279,523 | €279,523 | = | 0.0% |
| Issued capital | 100 | €279,523 | €279,523 | = | 0.0% |
| Reserves | 13 | €136,821 | €43,127 | -€93,695 | -68.5% |
| Non-distributable reserves | 130/1 | €28,004 | €28,004 | = | 0.0% |
| Legal reserve | 130 | €28,004 | €28,004 | = | 0.0% |
| Distributable reserves | 133 | €108,817 | €15,123 | -€93,695 | -86.1% |
| Profit (loss) carried forward | 14 | €23,870 | €23,870 | = | 0.0% |
| Amounts payable | 17/49 | €370,076 | €464,033 | +€93,956 | +25.4% |
| Amounts payable within one year | 42/48 | €342,916 | €438,997 | +€96,081 | +28.0% |
| Trade debts | 44 | €1,688 | €2,587 | +€899 | +53.3% |
| Suppliers | 440/4 | €1,688 | €2,587 | +€899 | +53.3% |
| Taxes, remuneration and social security | 45 | €7,565 | €4,420 | -€3,145 | -41.6% |
| Taxes | 450/3 | €7,565 | €4,420 | -€3,145 | -41.6% |
| Other amounts payable | 47/48 | €333,663 | €431,990 | +€98,327 | +29.5% |
| Accrued charges and deferred income | 492/3 | €27,160 | €25,035 | -€2,125 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,633 | €3,357 | -€4,276 | -56.0% |
| Other operating charges | 640/8 | €11,275 | €11,541 | +€266 | +2.4% |
| Non-recurring operating charges | 66A | - | €6,000 | +€6,000 | |
| Gross operating margin | 9900 | €58,201 | €45,620 | -€12,581 | -21.6% |
| Operating profit (loss) | 9901 | €39,293 | €24,722 | -€14,571 | -37.1% |
| Financial income | 75/76B | €17,799 | €11,387 | -€6,412 | -36.0% |
| Recurring financial income | 75 | €17,799 | €11,387 | -€6,412 | -36.0% |
| Financial charges | 65/66B | €27,123 | €24,765 | -€2,358 | -8.7% |
| Recurring financial charges | 65 | €27,123 | €24,765 | -€2,358 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €29,970 | €11,344 | -€18,626 | -62.1% |
| Income taxes | 67/77 | €9,681 | €5,587 | -€4,093 | -42.3% |
| Profit (loss) for the period | 9904 | €20,289 | €5,757 | -€14,533 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,289 | €5,757 | -€14,533 | -71.6% |
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 5 October 2026 via checked.be.