FREMABEL: 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.
FREMABEL
Largest movements
- Receivables within one year -€17,702
down €17,702 (-97.6%), from €18,135 to €433
- Tangible fixed assets +€10,754
up €10,754 (+1.9%), from €554,298 to €565,052
- Debts after one year -€29,600
down €29,600 (-20.0%), from €148,000 to €118,400
- Other debts +€13,309
new in 2025: €13,309
- Profit (loss) carried forward +€8,051
up €8,051 (+2.1%), from €380,938 to €388,989
- Financial charges -€3,805
down €3,805 (-38.1%), from €9,990 to €6,186
- Gross operating margin -€3,482
down €3,482 (-10.7%), from €32,428 to €28,946
- Financial income -€377
down €377 (-64.3%), from €586 to €209
- Depreciation +€339
up €339 (+4.3%), from €7,856 to €8,195
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.
Derived cash bridge
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 | €583,859 | €571,923 | -€11,937 | -2.0% |
| Fixed assets | 21/28 | €554,298 | €565,052 | +€10,754 | +1.9% |
| Tangible fixed assets | 22/27 | €554,298 | €565,052 | +€10,754 | +1.9% |
| Land and buildings | 22 | €554,298 | €565,052 | +€10,754 | +1.9% |
| Current assets | 29/58 | €29,561 | €6,871 | -€22,691 | -76.8% |
| Amounts receivable within one year | 40/41 | €18,135 | €433 | -€17,702 | -97.6% |
| Other amounts receivable | 41 | €18,135 | €433 | -€17,702 | -97.6% |
| Cash at bank and in hand | 54/58 | €9,130 | €3,933 | -€5,197 | -56.9% |
| Deferred charges and accrued income | 490/1 | €2,295 | €2,504 | +€209 | +9.1% |
| Total equity and liabilities | 10/49 | €583,859 | €571,923 | -€11,937 | -2.0% |
| Equity | 10/15 | €395,198 | €403,249 | +€8,051 | +2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €380,938 | €388,989 | +€8,051 | +2.1% |
| Amounts payable | 17/49 | €188,661 | €168,673 | -€19,988 | -10.6% |
| Amounts payable after more than one year | 17 | €148,000 | €118,400 | -€29,600 | -20.0% |
| Financial debts | 170/4 | €148,000 | €118,400 | -€29,600 | -20.0% |
| Amounts payable within one year | 42/48 | €36,462 | €45,932 | +€9,471 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €29,600 | €29,600 | = | 0.0% |
| Trade debts | 44 | €6,861 | €3,023 | -€3,838 | -55.9% |
| Suppliers | 440/4 | €6,861 | €3,023 | -€3,838 | -55.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €13,309 | +€13,309 | |
| Accrued charges and deferred income | 492/3 | €4,200 | €4,342 | +€142 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,856 | €8,195 | +€339 | +4.3% |
| Other operating charges | 640/8 | €3,927 | €4,040 | +€113 | +2.9% |
| Gross operating margin | 9900 | €32,428 | €28,946 | -€3,482 | -10.7% |
| Operating profit (loss) | 9901 | €20,645 | €16,711 | -€3,934 | -19.1% |
| Financial income | 75/76B | €586 | €209 | -€377 | -64.3% |
| Recurring financial income | 75 | €586 | €209 | -€377 | -64.3% |
| Financial charges | 65/66B | €9,990 | €6,186 | -€3,805 | -38.1% |
| Recurring financial charges | 65 | €9,990 | €6,186 | -€3,805 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €11,241 | €10,735 | -€506 | -4.5% |
| Income taxes | 67/77 | €2,908 | €2,684 | -€224 | -7.7% |
| Profit (loss) for the period | 9904 | €8,333 | €8,051 | -€282 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,333 | €8,051 | -€282 | -3.4% |
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 16 October 2026 via checked.be.