FREMAR: 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.
FREMAR
Largest movements
- Receivables within one year -€118,869
down €118,869 (-23.8%), from €499,310 to €380,441
of which Other amounts receivable: -€89,090
- Profit (loss) carried forward -€151,342
down €151,342, from €73,491 to -€77,851
- Tax, wage and social debts +€23,028
new in 2024: €23,028
- Financial charges +€99,975
up €99,975 (+16099.0%), from €621 to €100,596
- Other operating charges +€30,012
new in 2024: €30,012
- Taxes +€20,947
up €20,947 (+316.3%), from €6,622 to €27,569
- Depreciation +€4,542
up €4,542 (+632.5%), from €718 to €5,260
- Financial income +€3,779
up €3,779 (+34.6%), from €10,927 to €14,706
of which Financial income: +€3,604
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €612,423 | €488,178 | -€124,245 | -20.3% |
| Fixed assets | 21/28 | €112,997 | €107,737 | -€5,260 | -4.7% |
| Tangible fixed assets | 22/27 | €112,997 | €107,737 | -€5,260 | -4.7% |
| Land and buildings | 22 | €90,289 | €89,571 | -€718 | -0.8% |
| Other tangible fixed assets | 26 | €22,708 | €18,167 | -€4,542 | -20.0% |
| Current assets | 29/58 | €499,426 | €380,441 | -€118,985 | -23.8% |
| Amounts receivable within one year | 40/41 | €499,310 | €380,441 | -€118,869 | -23.8% |
| Trade receivables | 40 | €29,779 | €0 | -€29,779 | -100.0% |
| Other amounts receivable | 41 | €469,531 | €380,441 | -€89,090 | -19.0% |
| Cash at bank and in hand | 54/58 | €116 | €0 | -€116 | -100.0% |
| Total equity and liabilities | 10/49 | €612,423 | €488,178 | -€124,245 | -20.3% |
| Equity | 10/15 | - | €182,817 | +€182,817 | |
| Contributions | 10/11 | €62,000 | €62,000 | +€0 | 0.0% |
| Capital | 10 | €62,000 | €62,000 | +€0 | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | +€0 | 0.0% |
| Reserves | 13 | €198,669 | €198,669 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €65,072 | €65,072 | +€0 | 0.0% |
| Legal reserve | 130 | €65,072 | €65,072 | +€0 | 0.0% |
| Distributable reserves | 133 | €133,597 | €133,596 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | €73,491 | -€77,851 | -€151,342 | |
| Amounts payable | 17/49 | €278,263 | €305,361 | +€27,098 | +9.7% |
| Amounts payable within one year | 42/48 | €278,088 | €305,361 | +€27,273 | +9.8% |
| Taxes, remuneration and social security | 45 | - | €23,028 | +€23,028 | |
| Taxes | 450/3 | - | €23,028 | +€23,028 | |
| Other amounts payable | 47/48 | €278,088 | €282,332 | +€4,244 | +1.5% |
| Accrued charges and deferred income | 492/3 | €175 | €0 | -€175 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €718 | €5,260 | +€4,542 | +632.5% |
| Other operating charges | 640/8 | - | €30,012 | +€30,012 | |
| Gross operating margin | 9900 | -€5,565 | -€2,612 | +€2,953 | +53.1% |
| Operating profit (loss) | 9901 | -€6,283 | -€37,884 | -€31,601 | -503.0% |
| Financial income | 75/76B | €10,927 | €14,706 | +€3,779 | +34.6% |
| Recurring financial income | 75 | €10,927 | €14,531 | +€3,604 | +33.0% |
| Non-recurring financial income | 76B | - | €176 | +€176 | |
| Financial charges | 65/66B | €621 | €100,596 | +€99,975 | +16099.0% |
| Recurring financial charges | 65 | €621 | €100,596 | +€99,975 | +16099.0% |
| Profit (loss) for the period before taxes | 9903 | €4,023 | -€123,774 | -€127,797 | |
| Income taxes | 67/77 | €6,622 | €27,569 | +€20,947 | +316.3% |
| Profit (loss) for the period | 9904 | -€2,599 | -€151,342 | -€148,743 | -5723.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,599 | -€151,342 | -€148,743 | -5723.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.