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
- Tangible fixed assets -€16,044
down €16,044 (-15.6%), from €103,068 to €87,023
of which Furniture and vehicles: -€18,498
- Cash +€9,906
up €9,906 (+46.2%), from €21,456 to €31,362
mainly Net result for the year (+€31,961) and Depreciation (+€23,620)
- Receivables within one year +€5,864
up €5,864 (+36.0%), from €16,306 to €22,170
of which Other amounts receivable: +€11,229
- Debts after one year -€12,441
down €12,441 (-37.4%), from €33,267 to €20,826
- Other debts +€10,881
up €10,881 (+51.6%), from €21,080 to €31,961
- Tax, wage and social debts +€1,985
up €1,985 (+31.2%), from €6,369 to €8,354
- Gross operating margin +€26,044
up €26,044 (+56.9%), from €45,781 to €71,826
- Taxes +€6,704
up €6,704 (+107.4%), from €6,242 to €12,946
- Financial charges -€2,549
down €2,549 (-57.7%), from €4,421 to €1,872
- Depreciation +€1,586
up €1,586 (+7.2%), from €22,033 to €23,620
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 | €167,025 | €167,999 | +€974 | +0.6% |
| Fixed assets | 21/28 | €103,243 | €87,198 | -€16,044 | -15.5% |
| Tangible fixed assets | 22/27 | €103,068 | €87,023 | -€16,044 | -15.6% |
| Furniture and vehicles | 24 | €56,387 | €37,890 | -€18,498 | -32.8% |
| Other tangible fixed assets | 26 | €46,680 | €49,134 | +€2,453 | +5.3% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €63,783 | €80,801 | +€17,018 | +26.7% |
| Stocks and contracts in progress | 3 | €25,633 | €26,391 | +€758 | +3.0% |
| Stocks | 30/36 | €25,633 | €26,391 | +€758 | +3.0% |
| Amounts receivable within one year | 40/41 | €16,306 | €22,170 | +€5,864 | +36.0% |
| Trade receivables | 40 | €16,306 | €10,941 | -€5,364 | -32.9% |
| Other amounts receivable | 41 | - | €11,229 | +€11,229 | |
| Cash at bank and in hand | 54/58 | €21,456 | €31,362 | +€9,906 | +46.2% |
| Deferred charges and accrued income | 490/1 | €388 | €879 | +€491 | +126.4% |
| Total equity and liabilities | 10/49 | €167,025 | €167,999 | +€974 | +0.6% |
| Equity | 10/15 | €93,092 | €93,092 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,492 | €74,492 | = | 0.0% |
| Distributable reserves | 133 | €74,492 | €74,492 | = | 0.0% |
| Amounts payable | 17/49 | €73,933 | €74,907 | +€974 | +1.3% |
| Amounts payable after more than one year | 17 | €33,267 | €20,826 | -€12,441 | -37.4% |
| Financial debts | 170/4 | €33,267 | €20,826 | -€12,441 | -37.4% |
| Amounts payable within one year | 42/48 | €39,366 | €52,756 | +€13,390 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €11,917 | €12,441 | +€524 | +4.4% |
| Taxes, remuneration and social security | 45 | €6,369 | €8,354 | +€1,985 | +31.2% |
| Taxes | 450/3 | €6,369 | €8,354 | +€1,985 | +31.2% |
| Other amounts payable | 47/48 | €21,080 | €31,961 | +€10,881 | +51.6% |
| Accrued charges and deferred income | 492/3 | €1,300 | €1,325 | +€25 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,033 | €23,620 | +€1,586 | +7.2% |
| Other operating charges | 640/8 | €1,495 | €1,540 | +€45 | +3.0% |
| Gross operating margin | 9900 | €45,781 | €71,826 | +€26,044 | +56.9% |
| Operating profit (loss) | 9901 | €22,253 | €46,666 | +€24,412 | +109.7% |
| Financial income | 75/76B | €57 | €113 | +€56 | +98.9% |
| Recurring financial income | 75 | €57 | €113 | +€56 | +98.9% |
| Financial charges | 65/66B | €4,421 | €1,872 | -€2,549 | -57.7% |
| Recurring financial charges | 65 | €4,421 | €1,872 | -€2,549 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €17,890 | €44,907 | +€27,018 | +151.0% |
| Income taxes | 67/77 | €6,242 | €12,946 | +€6,704 | +107.4% |
| Profit (loss) for the period | 9904 | €11,648 | €31,961 | +€20,314 | +174.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,648 | €31,961 | +€20,314 | +174.4% |
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 4 October 2026 via checked.be.