FREM: 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.
FREM
Largest movements
- Receivables within one year +€16,376
up €16,376 (+234.9%), from €6,972 to €23,348
of which Trade receivables: +€10,310
- Stocks and contracts +€9,533
up €9,533, from €0 to €9,533
- Financial fixed assets +€2,500
up €2,500 (+40.7%), from €6,142 to €8,642
- Tangible fixed assets -€2,499
down €2,499 (-17.2%), from €14,497 to €11,999
of which Furniture and vehicles: -€4,195
- Profit (loss) carried forward +€61,770
up €61,770 (+38.4%), from -€160,756 to -€98,986
- Trade debts -€16,848
down €16,848 (-29.5%), from €57,093 to €40,245
- Tax, wage and social debts -€12,533
down €12,533 (-48.7%), from €25,755 to €13,222
- Short-term financial debts +€9,612
up €9,612 (+45.2%), from €21,255 to €30,867
- Accrued charges and deferred income -€6,407
down €6,407 (-39.4%), from €16,262 to €9,855
- Purchases and services +€212,172
new in 2024: €212,172
- Gross operating margin +€182,463
up €182,463, from -€105,142 to €77,321
- Staff costs -€27,852
no longer reported in 2024 (was €27,852)
- Financial charges -€10,754
down €10,754 (-52.0%), from €20,683 to €9,929
of which Financial charges: -€10,599
- Other operating charges -€3,661
down €3,661 (-77.0%), from €4,755 to €1,094
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 | €27,638 | €53,548 | +€25,910 | +93.7% |
| Fixed assets | 21/28 | €20,639 | €20,641 | +€1 | 0.0% |
| Tangible fixed assets | 22/27 | €14,497 | €11,999 | -€2,499 | -17.2% |
| Land and buildings | 22 | €3,465 | €5,161 | +€1,697 | +49.0% |
| Furniture and vehicles | 24 | €11,032 | €6,837 | -€4,195 | -38.0% |
| Financial fixed assets | 28 | €6,142 | €8,642 | +€2,500 | +40.7% |
| Current assets | 29/58 | €6,999 | €32,907 | +€25,908 | +370.2% |
| Stocks and contracts in progress | 3 | €0 | €9,533 | +€9,533 | |
| Stocks | 30/36 | €0 | €9,533 | +€9,533 | |
| Amounts receivable within one year | 40/41 | €6,972 | €23,348 | +€16,376 | +234.9% |
| Trade receivables | 40 | €0 | €10,310 | +€10,310 | |
| Other amounts receivable | 41 | €6,972 | €13,038 | +€6,066 | +87.0% |
| Cash at bank and in hand | 54/58 | €26 | €26 | = | 0.0% |
| Total equity and liabilities | 10/49 | €27,638 | €53,548 | +€25,910 | +93.7% |
| Equity | 10/15 | -€147,620 | -€85,850 | +€61,770 | +41.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €10,636 | €10,636 | = | 0.0% |
| Distributable reserves | 133 | €10,636 | €10,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,756 | -€98,986 | +€61,770 | +38.4% |
| Amounts payable | 17/49 | €175,258 | €139,398 | -€35,860 | -20.5% |
| Amounts payable after more than one year | 17 | €17,220 | €11,170 | -€6,049 | -35.1% |
| Financial debts | 170/4 | €17,220 | €11,170 | -€6,049 | -35.1% |
| Amounts payable within one year | 42/48 | €141,776 | €118,372 | -€23,404 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €5,818 | €6,049 | +€231 | +4.0% |
| Financial debts | 43 | €21,255 | €30,867 | +€9,612 | +45.2% |
| Credit institutions | 430/8 | €21,255 | €30,867 | +€9,612 | +45.2% |
| Trade debts | 44 | €57,093 | €40,245 | -€16,848 | -29.5% |
| Suppliers | 440/4 | €57,093 | €40,245 | -€16,848 | -29.5% |
| Advances received on contracts in progress | 46 | €1,975 | €1,629 | -€346 | -17.5% |
| Taxes, remuneration and social security | 45 | €25,755 | €13,222 | -€12,533 | -48.7% |
| Taxes | 450/3 | €25,755 | €13,222 | -€12,533 | -48.7% |
| Other amounts payable | 47/48 | €29,880 | €26,359 | -€3,521 | -11.8% |
| Accrued charges and deferred income | 492/3 | €16,262 | €9,855 | -€6,407 | -39.4% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €212,172 | +€212,172 | |
| Remuneration, social security and pensions | 62 | €27,852 | - | -€27,852 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,571 | €4,865 | +€294 | +6.4% |
| Other operating charges | 640/8 | €4,755 | €1,094 | -€3,661 | -77.0% |
| Gross operating margin | 9900 | -€105,142 | €77,321 | +€182,463 | |
| Operating profit (loss) | 9901 | -€142,320 | €71,362 | +€213,682 | |
| Financial income | 75/76B | €2,304 | €342 | -€1,962 | -85.2% |
| Recurring financial income | 75 | €2,304 | €342 | -€1,962 | -85.2% |
| Financial charges | 65/66B | €20,683 | €9,929 | -€10,754 | -52.0% |
| Recurring financial charges | 65 | €20,527 | €9,929 | -€10,599 | -51.6% |
| Non-recurring financial charges | 66B | €156 | - | -€156 | |
| Profit (loss) for the period before taxes | 9903 | -€160,699 | €61,775 | +€222,475 | |
| Income taxes | 67/77 | - | €5 | +€5 | |
| Profit (loss) for the period | 9904 | -€160,699 | €61,770 | +€222,470 | |
| Profit (loss) for the period to be appropriated | 9905 | -€160,699 | €61,770 | +€222,470 |
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 8 October 2026 via checked.be.