FREMACH IZEGEM: 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.
What changed
FREMACH IZEGEM
NACE 22.210, Manufacture of rubber and plastic products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.0m
2024 · €1.9m-€3.0m
Equity
€3.8m
2024 · €4.9m-€1.0m
Cash
€41,768
2024 · €118,195-€76,427
Balance sheet total
€21.8m
2024 · €20.3m+€1.6m
Largest movements
Assets
- Financial fixed assets +€12.1m
up €12.1m (+48,313%), from €25,000 to €12.1m
of which Affiliated companies: +€12.1m
- Current investments -€11.3m
no longer reported in 2025 (was €11.3m)
- Stocks and contracts +€1.0m
up €1.0m (+61.7%), from €1.7m to €2.7m
of which Contracts in progress: +€994,334
- Tangible fixed assets -€602,213
down €602,213 (-13.5%), from €4.5m to €3.9m
of which Leasing and similar rights: -€475,142
- Receivables within one year +€474,223
up €474,223 (+18.3%), from €2.6m to €3.1m
of which Trade receivables: +€502,058
Equity and liabilities
- Other debts +€2.6m
up €2.6m (+21.0%), from €12.6m to €15.2m
- Profit (loss) carried forward -€1.0m
down €1.0m (-356%), from -€294,471 to -€1.3m
- Advances received +€1.0m
up €1.0m (+9,998%), from €10,209 to €1.0m
- Trade debts -€588,457
down €588,457 (-35.2%), from €1.7m to €1.1m
Income statement
- Financial income -€4.5m
down €4.5m (-85.6%), from €5.2m to €748,021
- Financial charges -€622,311
down €622,311 (-48.3%), from €1.3m to €666,321
- Staff costs -€451,344
down €451,344 (-11.9%), from €3.8m to €3.3m
- Goods and materials +€259,243
up €259,243 (+6.4%), from €4.0m to €4.3m
of which Purchases: +€135,253
- Turnover +€238,625
up €238,625 (+2.6%), from €9.1m to €9.4m
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.
Result 2024
€1.9m
Turnover
+€238,625
Other operating income
-€21,118
Goods and materials
-€259,243
Services and other goods
-€167,979
Staff costs
+€451,344
Depreciation
-€56,532
Write-downs
+€98,488
Provisions
-€30,551
Other operating charges
+€43,393
Other operating items
+€544,500
Financial income
-€4.5m
Financial charges
+€622,311
Taxes
+€18,225
Result 2025
-€1.0m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.6m
Investment
-€1.3m
Financing
-€391,986
Cash 2024
€118,195
From operations (derived)
+€1.6m
Net result for the year
-€1.0m
Depreciation
+€1.1m
Stocks and contracts
-€1.0m
Receivables within one year
-€474,223
Smaller working-capital items
-€29,178
Trade debts
-€588,457
Advances received
+€1.0m
Other debts
+€2.6m
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€12.6m
Current investments
+€11.3m
Financing
-€391,986
Debts after one year
-€179,526
Current portion of long-term debt
-€168,056
Short-term financial debts
-€44,404
Cash 2025
€41,768
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,252,716 | €21,846,672 | +€1.6m | +7.9% |
| Fixed assets | 21/28 | €4,529,163 | €16,025,011 | +€11.5m | +254% |
| Intangible fixed assets | 21 | €37,921 | €57,663 | +€19,742 | +52.1% |
| Tangible fixed assets | 22/27 | €4,466,242 | €3,864,029 | -€602,213 | -13.5% |
| Land and buildings | 22 | €2,002,619 | €1,872,916 | -€129,703 | -6.5% |
| Plant, machinery and equipment | 23 | €1,035,255 | €869,388 | -€165,867 | -16.0% |
| Furniture and vehicles | 24 | €138,500 | €120,305 | -€18,195 | -13.1% |
| Leasing and similar rights | 25 | €1,150,835 | €675,693 | -€475,142 | -41.3% |
| Assets under construction and advance payments | 27 | €139,033 | €325,727 | +€186,694 | +134% |
| Financial fixed assets | 28 | €25,000 | €12,103,319 | +€12.1m | +48,313% |
| Affiliated companies | 280/1 | - | €12,074,119 | +€12.1m | |
| Participating interests | 280 | - | €12,074,119 | +€12.1m | |
| Other financial fixed assets | 284/8 | €25,000 | €29,200 | +€4,200 | +16.8% |
| Amounts receivable and cash guarantees | 285/8 | €25,000 | €29,200 | +€4,200 | +16.8% |
| Current assets | 29/58 | €15,723,553 | €5,821,661 | -€9.9m | -63.0% |
| Stocks and contracts in progress | 3 | €1,669,183 | €2,698,769 | +€1.0m | +61.7% |
| Stocks | 30/36 | €1,087,144 | €1,122,396 | +€35,252 | +3.2% |
| Raw materials and consumables | 30/31 | €849,411 | €903,951 | +€54,540 | +6.4% |
| Work in progress | 32 | €8,594 | €16,383 | +€7,789 | +90.6% |
| Finished goods | 33 | €229,139 | €202,062 | -€27,077 | -11.8% |
| Contracts in progress | 37 | €582,039 | €1,576,373 | +€994,334 | +171% |
| Amounts receivable within one year | 40/41 | €2,590,711 | €3,064,934 | +€474,223 | +18.3% |
| Trade receivables | 40 | €2,467,710 | €2,969,768 | +€502,058 | +20.3% |
| Other amounts receivable | 41 | €123,001 | €95,166 | -€27,835 | -22.6% |
| Current investments | 50/53 | €11,326,170 | - | -€11.3m | |
| Other investments | 51/53 | €11,326,170 | - | -€11.3m | |
| Cash at bank and in hand | 54/58 | €118,195 | €41,768 | -€76,427 | -64.7% |
| Deferred charges and accrued income | 490/1 | €19,294 | €16,190 | -€3,104 | -16.1% |
| Total equity and liabilities | 10/49 | €20,252,716 | €21,846,672 | +€1.6m | +7.9% |
| Equity | 10/15 | €4,861,134 | €3,813,494 | -€1.0m | -21.6% |
| Contributions | 10/11 | €5,148,854 | €5,148,854 | = | 0.0% |
| Capital | 10 | €5,148,854 | €5,148,854 | = | 0.0% |
| Issued capital | 100 | €5,148,854 | €5,148,854 | = | 0.0% |
| Reserves | 13 | €6,751 | €6,751 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,751 | €6,751 | = | 0.0% |
| Legal reserve | 130 | €6,751 | €6,751 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€294,471 | -€1,342,111 | -€1.0m | -356% |
| Provisions and deferred taxes | 16 | €26,000 | €26,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €26,000 | €26,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €26,000 | €26,000 | = | 0.0% |
| Amounts payable | 17/49 | €15,365,582 | €18,007,178 | +€2.6m | +17.2% |
| Amounts payable after more than one year | 17 | €204,894 | €25,368 | -€179,526 | -87.6% |
| Financial debts | 170/4 | €204,894 | €25,368 | -€179,526 | -87.6% |
| Leasing and similar obligations | 172 | €195,924 | €25,368 | -€170,556 | -87.1% |
| Credit institutions | 173 | €8,970 | - | -€8,970 | |
| Amounts payable within one year | 42/48 | €15,153,946 | €17,975,921 | +€2.8m | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €338,612 | €170,556 | -€168,056 | -49.6% |
| Financial debts | 43 | €53,374 | €8,970 | -€44,404 | -83.2% |
| Credit institutions | 430/8 | €53,374 | €8,970 | -€44,404 | -83.2% |
| Trade debts | 44 | €1,671,730 | €1,083,273 | -€588,457 | -35.2% |
| Suppliers | 440/4 | €1,671,730 | €1,083,273 | -€588,457 | -35.2% |
| Advances received on contracts in progress | 46 | €10,209 | €1,030,857 | +€1.0m | +9,998% |
| Taxes, remuneration and social security | 45 | €511,307 | €479,878 | -€31,429 | -6.1% |
| Taxes | 450/3 | €71,693 | €68,028 | -€3,665 | -5.1% |
| Remuneration and social security | 454/9 | €439,614 | €411,850 | -€27,764 | -6.3% |
| Other amounts payable | 47/48 | €12,568,714 | €15,202,387 | +€2.6m | +21.0% |
| Accrued charges and deferred income | 492/3 | €6,742 | €5,889 | -€853 | -12.7% |
| Operating income | 70/76A | €9,371,496 | €10,106,160 | +€734,664 | +7.8% |
| Turnover | 70 | €9,136,916 | €9,375,541 | +€238,625 | +2.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€52,419 | -€20,363 | +€32,056 | +61.2% |
| Other operating income | 74 | €238,821 | €217,703 | -€21,118 | -8.8% |
| Non-recurring operating income | 76A | €48,178 | €533,279 | +€485,101 | +1,007% |
| Operating charges | 60/66A | €11,341,763 | €11,235,500 | -€106,263 | -0.9% |
| Goods for resale, raw materials and consumables | 60 | €4,040,161 | €4,299,404 | +€259,243 | +6.4% |
| Purchases | 600/8 | €4,201,583 | €4,336,836 | +€135,253 | +3.2% |
| Change in stocks: decrease (increase) | 609 | -€161,422 | -€37,432 | +€123,990 | +76.8% |
| Services and other goods | 61 | €2,201,323 | €2,369,302 | +€167,979 | +7.6% |
| Remuneration, social security and pensions | 62 | €3,781,816 | €3,330,472 | -€451,344 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,082,920 | €1,139,452 | +€56,532 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €80,305 | -€18,183 | -€98,488 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,551 | - | +€30,551 | |
| Other operating charges | 640/8 | €155,165 | €111,772 | -€43,393 | -28.0% |
| Non-recurring operating charges | 66A | €30,624 | €3,281 | -€27,343 | -89.3% |
| Operating profit (loss) | 9901 | -€1,970,267 | -€1,129,340 | +€840,927 | +42.7% |
| Financial income | 75/76B | €5,207,684 | €748,021 | -€4.5m | -85.6% |
| Recurring financial income | 75 | €5,207,684 | €748,021 | -€4.5m | -85.6% |
| Income from current assets | 751 | €819,376 | €747,955 | -€71,421 | -8.7% |
| Other financial income | 752/9 | €4,388,308 | €66 | -€4.4m | -100.0% |
| Financial charges | 65/66B | €1,288,632 | €666,321 | -€622,311 | -48.3% |
| Recurring financial charges | 65 | €1,288,632 | €666,321 | -€622,311 | -48.3% |
| Debt charges | 650 | €1,255,728 | €648,342 | -€607,386 | -48.4% |
| Other financial charges | 652/9 | €32,904 | €17,979 | -€14,925 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €1,948,785 | -€1,047,640 | -€3.0m | |
| Income taxes | 67/77 | €18,225 | - | -€18,225 | |
| Taxes | 670/3 | €18,225 | - | -€18,225 | |
| Profit (loss) for the period | 9904 | €1,930,560 | -€1,047,640 | -€3.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,930,560 | -€1,047,640 | -€3.0m |
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 15 October 2026 via checked.be.