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
- Financial fixed assets +€2.7m
new in 2025: €2.7m
- Current investments -€2.7m
no longer reported in 2025 (was €2.7m)
- Other debts +€107,000
up €107,000 (+23.2%), from €460,562 to €567,562
- Profit (loss) carried forward -€64,615
down €64,615 (-17.5%), from -€369,064 to -€433,679
- Trade debts -€39,318
no longer reported in 2025 (was €39,318)
- Gross operating margin +€110,181
up €110,181 (+63.7%), from -€172,969 to -€62,787
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 | €2,679,100 | €2,682,167 | +€3,068 | +0.1% |
| Fixed assets | 21/28 | - | €2,672,209 | +€2.7m | |
| Financial fixed assets | 28 | - | €2,672,209 | +€2.7m | |
| Current assets | 29/58 | €2,679,100 | €9,958 | -€2.7m | -99.6% |
| Amounts receivable within one year | 40/41 | - | €2,002 | +€2,002 | |
| Other amounts receivable | 41 | - | €2,002 | +€2,002 | |
| Current investments | 50/53 | €2,672,209 | - | -€2.7m | |
| Cash at bank and in hand | 54/58 | €6,891 | €7,956 | +€1,066 | +15.5% |
| Total equity and liabilities | 10/49 | €2,679,100 | €2,682,167 | +€3,068 | +0.1% |
| Equity | 10/15 | €2,179,220 | €2,114,605 | -€64,615 | -3.0% |
| Contributions | 10/11 | €2,420,000 | €2,420,000 | = | 0.0% |
| Capital | 10 | €2,420,000 | €2,420,000 | = | 0.0% |
| Issued capital | 100 | €2,420,000 | €2,420,000 | = | 0.0% |
| Reserves | 13 | €128,284 | €128,284 | = | 0.0% |
| Non-distributable reserves | 130/1 | €128,284 | €128,284 | = | 0.0% |
| Legal reserve | 130 | €128,284 | €128,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€369,064 | -€433,679 | -€64,615 | -17.5% |
| Amounts payable | 17/49 | €499,880 | €567,562 | +€67,682 | +13.5% |
| Amounts payable within one year | 42/48 | €499,880 | €567,562 | +€67,682 | +13.5% |
| Trade debts | 44 | €39,318 | - | -€39,318 | |
| Suppliers | 440/4 | €39,318 | - | -€39,318 | |
| Other amounts payable | 47/48 | €460,562 | €567,562 | +€107,000 | +23.2% |
| Other operating charges | 640/8 | €1,031 | €1,164 | +€133 | +12.9% |
| Gross operating margin | 9900 | -€172,969 | -€62,787 | +€110,181 | +63.7% |
| Operating profit (loss) | 9901 | -€174,000 | -€63,951 | +€110,049 | +63.2% |
| Financial charges | 65/66B | €893 | €663 | -€230 | -25.7% |
| Recurring financial charges | 65 | €893 | €663 | -€230 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€174,893 | -€64,615 | +€110,278 | +63.1% |
| Profit (loss) for the period | 9904 | -€174,893 | -€64,615 | +€110,278 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€174,893 | -€64,615 | +€110,278 | +63.1% |
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 7 October 2026 via checked.be.