FREMA: what changed
Two financial 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 +€40,333
new in 2025: €40,333
- Receivables within one year +€11,007
up €11,007 (+56.4%), from €19,502 to €30,509
of which Trade receivables: +€8,478
- Cash +€815
up €815 (+44.6%), from €1,828 to €2,643
mainly Other debts (+€54,781) and Depreciation (+€8,067)
- Other debts +€54,781
up €54,781 (+36.0%), from €152,069 to €206,850
- Profit (loss) carried forward -€2,883
down €2,883 (-1.9%), from -€151,890 to -€154,772
- Gross operating margin +€20,851
up €20,851, from -€14,734 to €6,117
- Depreciation +€8,067
new in 2025: €8,067
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 | €23,069 | €74,901 | +€51,833 | +224.7% |
| Fixed assets | 21/28 | - | €40,333 | +€40,333 | |
| Tangible fixed assets | 22/27 | - | €40,333 | +€40,333 | |
| Furniture and vehicles | 24 | - | €40,333 | +€40,333 | |
| Current assets | 29/58 | €23,069 | €34,568 | +€11,500 | +49.8% |
| Amounts receivable within one year | 40/41 | €19,502 | €30,509 | +€11,007 | +56.4% |
| Trade receivables | 40 | €18,266 | €26,744 | +€8,478 | +46.4% |
| Other amounts receivable | 41 | €1,236 | €3,765 | +€2,529 | +204.7% |
| Cash at bank and in hand | 54/58 | €1,828 | €2,643 | +€815 | +44.6% |
| Deferred charges and accrued income | 490/1 | €1,739 | €1,416 | -€323 | -18.6% |
| Total equity and liabilities | 10/49 | €23,069 | €74,901 | +€51,833 | +224.7% |
| Equity | 10/15 | -€131,430 | -€134,312 | -€2,883 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,890 | -€154,772 | -€2,883 | -1.9% |
| Amounts payable | 17/49 | €154,498 | €209,214 | +€54,716 | +35.4% |
| Amounts payable within one year | 42/48 | €154,498 | €209,214 | +€54,716 | +35.4% |
| Trade debts | 44 | €1,776 | €1,487 | -€289 | -16.2% |
| Suppliers | 440/4 | €1,776 | €1,487 | -€289 | -16.2% |
| Taxes, remuneration and social security | 45 | €653 | €876 | +€223 | +34.2% |
| Taxes | 450/3 | €653 | €876 | +€223 | +34.2% |
| Other amounts payable | 47/48 | €152,069 | €206,850 | +€54,781 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,067 | +€8,067 | |
| Other operating charges | 640/8 | €573 | €550 | -€23 | -3.9% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | -€14,734 | €6,117 | +€20,851 | |
| Operating profit (loss) | 9901 | -€15,307 | -€2,563 | +€12,744 | +83.3% |
| Financial income | 75/76B | €1 | €1 | +€1 | +159.6% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +159.6% |
| Financial charges | 65/66B | €98 | €100 | +€2 | +2.1% |
| Recurring financial charges | 65 | €98 | €100 | +€2 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€15,404 | -€2,662 | +€12,743 | +82.7% |
| Income taxes | 67/77 | €215 | €221 | +€6 | +2.8% |
| Profit (loss) for the period | 9904 | -€15,619 | -€2,883 | +€12,737 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,619 | -€2,883 | +€12,737 | +81.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.