FREMAC: 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.
FREMAC
Largest movements
- Receivables within one year +€11,875
up €11,875 (+149%), from €7,953 to €19,828
of which Trade receivables: +€6,051
- Cash -€9,333
down €9,333 (-21.1%), from €44,319 to €34,986
mainly Contributions, distributions and other (-€12,000) and Receivables within one year (-€11,875)
- Tangible fixed assets -€2,000
down €2,000 (-85.4%), from €2,340 to €341
of which Leasing and similar rights: -€1,740
- Deferred charges and accrued income +€1,057
new in 2025: €1,057
- Profit (loss) carried forward -€12,409
down €12,409 (-57.1%), from €21,746 to €9,337
- Reserves +€7,000
up €7,000 (+35.1%), from €19,960 to €26,960
of which Distributable reserves: +€7,000
- Other debts +€7,000
up €7,000 (+140%), from €5,000 to €12,000
- Depreciation -€3,194
down €3,194 (-61.5%), from €5,193 to €2,000
- Taxes +€2,586
up €2,586 (+48.0%), from €5,387 to €7,973
- Gross operating margin -€1,398
down €1,398 (-7.3%), from €19,191 to €17,793
- Other operating charges -€199
down €199 (-13.9%), from €1,430 to €1,231
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 | €54,612 | €56,212 | +€1,599 | +2.9% |
| Fixed assets | 21/28 | €2,340 | €341 | -€2,000 | -85.4% |
| Tangible fixed assets | 22/27 | €2,340 | €341 | -€2,000 | -85.4% |
| Furniture and vehicles | 24 | €600 | €341 | -€259 | -43.2% |
| Leasing and similar rights | 25 | €1,740 | - | -€1,740 | |
| Current assets | 29/58 | €52,272 | €55,871 | +€3,599 | +6.9% |
| Amounts receivable within one year | 40/41 | €7,953 | €19,828 | +€11,875 | +149% |
| Trade receivables | 40 | €399 | €6,450 | +€6,051 | +1,515% |
| Other amounts receivable | 41 | €7,554 | €13,377 | +€5,824 | +77.1% |
| Cash at bank and in hand | 54/58 | €44,319 | €34,986 | -€9,333 | -21.1% |
| Deferred charges and accrued income | 490/1 | - | €1,057 | +€1,057 | |
| Total equity and liabilities | 10/49 | €54,612 | €56,212 | +€1,599 | +2.9% |
| Equity | 10/15 | €47,906 | €42,497 | -€5,409 | -11.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,960 | €26,960 | +€7,000 | +35.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,100 | €25,100 | +€7,000 | +38.7% |
| Profit (loss) carried forward | 14 | €21,746 | €9,337 | -€12,409 | -57.1% |
| Amounts payable | 17/49 | €6,706 | €13,714 | +€7,008 | +105% |
| Amounts payable within one year | 42/48 | €6,706 | €13,645 | +€6,939 | +103% |
| Trade debts | 44 | €386 | €169 | -€217 | -56.2% |
| Suppliers | 440/4 | €386 | €169 | -€217 | -56.2% |
| Taxes, remuneration and social security | 45 | €1,320 | €1,476 | +€156 | +11.8% |
| Taxes | 450/3 | €1,320 | €1,476 | +€156 | +11.8% |
| Other amounts payable | 47/48 | €5,000 | €12,000 | +€7,000 | +140% |
| Accrued charges and deferred income | 492/3 | - | €69 | +€69 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,193 | €2,000 | -€3,194 | -61.5% |
| Other operating charges | 640/8 | €1,430 | €1,231 | -€199 | -13.9% |
| Gross operating margin | 9900 | €19,191 | €17,793 | -€1,398 | -7.3% |
| Operating profit (loss) | 9901 | €12,568 | €14,563 | +€1,995 | +15.9% |
| Financial income | 75/76B | €111 | €215 | +€104 | +94.4% |
| Recurring financial income | 75 | €111 | €215 | +€104 | +94.4% |
| Financial charges | 65/66B | €149 | €214 | +€65 | +44.0% |
| Recurring financial charges | 65 | €149 | €214 | +€65 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €12,530 | €14,564 | +€2,034 | +16.2% |
| Income taxes | 67/77 | €5,387 | €7,973 | +€2,586 | +48.0% |
| Profit (loss) for the period | 9904 | €7,143 | €6,591 | -€552 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,143 | €6,591 | -€552 | -7.7% |
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 20 October 2026 via checked.be.