FREMA: 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.
FREMA
Largest movements
- Receivables within one year -€4,816
down €4,816 (-1.4%), from €353,418 to €348,602
of which Other amounts receivable: -€5,823
- Other debts +€40,043
up €40,043 (+11.3%), from €354,959 to €395,002
- Profit (loss) carried forward -€40,000
down €40,000 (-164.9%), from -€24,262 to -€64,262
- Current portion of long-term debt -€4,566
no longer reported in 2025 (was €4,566)
- Depreciation -€5,157
down €5,157 (-87.4%), from €5,898 to €742
- Gross operating margin -€2,260
down €2,260 (-6.3%), from -€35,820 to -€38,081
- Financial charges -€541
down €541 (-95.6%), from €566 to €25
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 | €357,209 | €353,863 | -€3,346 | -0.9% |
| Fixed assets | 21/28 | €3,313 | €4,705 | +€1,392 | +42.0% |
| Tangible fixed assets | 22/27 | €2,113 | €3,505 | +€1,392 | +65.9% |
| Plant, machinery and equipment | 23 | €2,113 | €3,505 | +€1,392 | +65.9% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €353,896 | €349,158 | -€4,739 | -1.3% |
| Amounts receivable within one year | 40/41 | €353,418 | €348,602 | -€4,816 | -1.4% |
| Trade receivables | 40 | €441 | €1,448 | +€1,007 | +228.3% |
| Other amounts receivable | 41 | €352,977 | €347,154 | -€5,823 | -1.6% |
| Cash at bank and in hand | 54/58 | €479 | €556 | +€77 | +16.1% |
| Total equity and liabilities | 10/49 | €357,209 | €353,863 | -€3,346 | -0.9% |
| Equity | 10/15 | -€18,064 | -€58,064 | -€40,000 | -221.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,262 | -€64,262 | -€40,000 | -164.9% |
| Amounts payable | 17/49 | €375,273 | €411,927 | +€36,654 | +9.8% |
| Amounts payable within one year | 42/48 | €375,273 | €411,927 | +€36,654 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €4,566 | - | -€4,566 | |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Other loans | 439 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €749 | €173 | -€576 | -76.9% |
| Suppliers | 440/4 | €749 | €173 | -€576 | -76.9% |
| Advances received on contracts in progress | 46 | - | €1,752 | +€1,752 | |
| Other amounts payable | 47/48 | €354,959 | €395,002 | +€40,043 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,898 | €742 | -€5,157 | -87.4% |
| Other operating charges | 640/8 | €1,011 | €712 | -€299 | -29.5% |
| Non-recurring operating charges | 66A | - | €441 | +€441 | |
| Gross operating margin | 9900 | -€35,820 | -€38,081 | -€2,260 | -6.3% |
| Operating profit (loss) | 9901 | -€42,729 | -€39,975 | +€2,754 | +6.4% |
| Financial income | 75/76B | €13 | €0 | -€13 | -98.9% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -98.9% |
| Financial charges | 65/66B | €566 | €25 | -€541 | -95.6% |
| Recurring financial charges | 65 | €566 | €25 | -€541 | -95.6% |
| Profit (loss) for the period before taxes | 9903 | -€43,283 | -€40,000 | +€3,283 | +7.6% |
| Income taxes | 67/77 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€43,283 | -€40,000 | +€3,283 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,283 | -€40,000 | +€3,283 | +7.6% |
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 29 September 2026 via checked.be.