FREMAR: 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.
FREMAR
Largest movements
- Cash +€78,204
up €78,204 (+36.8%), from €212,656 to €290,861
mainly Net result for the year (+€99,851) and Trade debts (+€42,375)
- Receivables within one year +€49,238
up €49,238 (+127.2%), from €38,720 to €87,958
- Tangible fixed assets +€19,884
up €19,884 (+2.2%), from €913,135 to €933,018
of which Land and buildings: +€15,259
- Reserves +€99,851
up €99,851 (+24.0%), from €416,614 to €516,465
of which Distributable reserves: +€120,901
- Trade debts +€42,375
up €42,375 (+2716.4%), from €1,560 to €43,935
- Taxes +€7,536
up €7,536 (+17.9%), from €42,161 to €49,698
- Gross operating margin +€3,716
up €3,716 (+1.7%), from €216,115 to €219,831
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 | €1,164,660 | €1,313,974 | +€149,314 | +12.8% |
| Fixed assets | 21/28 | €913,283 | €933,167 | +€19,884 | +2.2% |
| Tangible fixed assets | 22/27 | €913,135 | €933,018 | +€19,884 | +2.2% |
| Land and buildings | 22 | €911,982 | €927,241 | +€15,259 | +1.7% |
| Furniture and vehicles | 24 | €1,153 | €5,777 | +€4,625 | +401.2% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €251,376 | €380,807 | +€129,430 | +51.5% |
| Amounts receivable within one year | 40/41 | €38,720 | €87,958 | +€49,238 | +127.2% |
| Trade receivables | 40 | €38,720 | €87,958 | +€49,238 | +127.2% |
| Cash at bank and in hand | 54/58 | €212,656 | €290,861 | +€78,204 | +36.8% |
| Deferred charges and accrued income | 490/1 | €0 | €1,988 | +€1,988 | |
| Total equity and liabilities | 10/49 | €1,164,660 | €1,313,974 | +€149,314 | +12.8% |
| Equity | 10/15 | €1,118,073 | €1,217,924 | +€99,851 | +8.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €639,959 | €639,959 | = | 0.0% |
| Reserves | 13 | €416,614 | €516,465 | +€99,851 | +24.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €136,825 | €115,775 | -€21,050 | -15.4% |
| Distributable reserves | 133 | €273,639 | €394,540 | +€120,901 | +44.2% |
| Amounts payable | 17/49 | €46,587 | €96,050 | +€49,463 | +106.2% |
| Amounts payable after more than one year | 17 | €210 | €210 | = | 0.0% |
| Other amounts payable | 178/9 | €210 | €210 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,113 | €94,055 | +€49,942 | +113.2% |
| Trade debts | 44 | €1,560 | €43,935 | +€42,375 | +2716.4% |
| Suppliers | 440/4 | €1,560 | €43,935 | +€42,375 | +2716.4% |
| Taxes, remuneration and social security | 45 | €25,347 | €33,417 | +€8,070 | +31.8% |
| Taxes | 450/3 | €11,410 | €18,918 | +€7,508 | +65.8% |
| Remuneration and social security | 454/9 | €13,937 | €14,500 | +€563 | +4.0% |
| Other amounts payable | 47/48 | €17,206 | €16,702 | -€504 | -2.9% |
| Accrued charges and deferred income | 492/3 | €2,264 | €1,785 | -€479 | -21.2% |
| Remuneration, social security and pensions | 62 | €42,885 | €42,990 | +€105 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,266 | €18,685 | +€418 | +2.3% |
| Other operating charges | 640/8 | €12,314 | €11,210 | -€1,103 | -9.0% |
| Gross operating margin | 9900 | €216,115 | €219,831 | +€3,716 | +1.7% |
| Operating profit (loss) | 9901 | €142,649 | €146,946 | +€4,296 | +3.0% |
| Financial income | 75/76B | €2,130 | €2,640 | +€510 | +23.9% |
| Recurring financial income | 75 | €2,130 | €2,640 | +€510 | +23.9% |
| Financial charges | 65/66B | €106 | €37 | -€69 | -65.2% |
| Recurring financial charges | 65 | €106 | €37 | -€69 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €144,673 | €149,549 | +€4,876 | +3.4% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €42,161 | €49,698 | +€7,536 | +17.9% |
| Profit (loss) for the period | 9904 | €102,512 | €99,851 | -€2,661 | -2.6% |
| Transfer from tax-exempt reserves | 789 | - | €63,150 | +€63,150 | |
| Transfer to tax-exempt reserves | 689 | €31,575 | €42,100 | +€10,525 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,937 | €120,901 | +€49,964 | +70.4% |
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 12 October 2026 via checked.be.