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
- Tangible fixed assets -€281,528
down €281,528 (-4.8%), from €5.8m to €5.6m
of which Land and buildings: -€229,740
- Cash +€211,750
up €211,750 (+119.1%), from €177,819 to €389,569
mainly Depreciation (+€281,528) and Net result for the year (+€218,811)
- Other debts -€266,840
down €266,840 (-12.7%), from €2.1m to €1.8m
- Reserves +€218,811
up €218,811 (+7.3%), from €3.0m to €3.2m
of which Distributable reserves: +€218,811
- Debts after one year -€200,000
down €200,000 (-21.9%), from €915,000 to €715,000
- Accrued charges and deferred income +€71,066
up €71,066 (+72.5%), from €98,048 to €169,114
- Depreciation -€30,932
down €30,932 (-9.9%), from €312,460 to €281,528
- Staff costs -€26,517
down €26,517 (-7.5%), from €352,462 to €325,945
- Other operating charges +€19,225
up €19,225 (+99.3%), from €19,353 to €38,577
- Financial charges -€17,004
down €17,004 (-14.4%), from €117,819 to €100,814
- Taxes +€12,810
up €12,810 (+19.1%), from €66,956 to €79,766
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 | €6,285,419 | €6,186,197 | -€99,223 | -1.6% |
| Fixed assets | 21/28 | €5,833,586 | €5,552,059 | -€281,528 | -4.8% |
| Tangible fixed assets | 22/27 | €5,833,586 | €5,552,059 | -€281,528 | -4.8% |
| Land and buildings | 22 | €5,651,176 | €5,421,436 | -€229,740 | -4.1% |
| Furniture and vehicles | 24 | €182,411 | €130,622 | -€51,788 | -28.4% |
| Current assets | 29/58 | €451,833 | €634,138 | +€182,305 | +40.3% |
| Amounts receivable within one year | 40/41 | €267,553 | €236,858 | -€30,695 | -11.5% |
| Trade receivables | 40 | €267,545 | €236,850 | -€30,695 | -11.5% |
| Other amounts receivable | 41 | €8 | €8 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €177,819 | €389,569 | +€211,750 | +119.1% |
| Deferred charges and accrued income | 490/1 | €6,461 | €7,711 | +€1,250 | +19.3% |
| Total equity and liabilities | 10/49 | €6,285,419 | €6,186,197 | -€99,223 | -1.6% |
| Equity | 10/15 | €3,083,270 | €3,302,082 | +€218,811 | +7.1% |
| Contributions | 10/11 | €103,418 | €103,418 | = | 0.0% |
| Reserves | 13 | €2,979,852 | €3,198,663 | +€218,811 | +7.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,979,852 | €3,198,663 | +€218,811 | +7.3% |
| Amounts payable | 17/49 | €3,202,149 | €2,884,115 | -€318,034 | -9.9% |
| Amounts payable after more than one year | 17 | €915,000 | €715,000 | -€200,000 | -21.9% |
| Financial debts | 170/4 | €915,000 | €715,000 | -€200,000 | -21.9% |
| Amounts payable within one year | 42/48 | €2,189,101 | €2,000,001 | -€189,100 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €479 | €34,254 | +€33,775 | +7053.4% |
| Suppliers | 440/4 | €479 | €34,254 | +€33,775 | +7053.4% |
| Taxes, remuneration and social security | 45 | €79,958 | €123,922 | +€43,964 | +55.0% |
| Taxes | 450/3 | €31,482 | €69,470 | +€37,987 | +120.7% |
| Remuneration and social security | 454/9 | €48,476 | €54,452 | +€5,977 | +12.3% |
| Other amounts payable | 47/48 | €2,108,664 | €1,841,824 | -€266,840 | -12.7% |
| Accrued charges and deferred income | 492/3 | €98,048 | €169,114 | +€71,066 | +72.5% |
| Non-recurring operating income | 76A | €6,500 | €0 | -€6,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €352,462 | €325,945 | -€26,517 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €312,460 | €281,528 | -€30,932 | -9.9% |
| Other operating charges | 640/8 | €19,353 | €38,577 | +€19,225 | +99.3% |
| Gross operating margin | 9900 | €1,050,890 | €1,045,442 | -€5,448 | -0.5% |
| Operating profit (loss) | 9901 | €366,615 | €399,391 | +€32,776 | +8.9% |
| Financial income | 75/76B | €6,820 | €1 | -€6,819 | -100.0% |
| Recurring financial income | 75 | €6,820 | €1 | -€6,819 | -100.0% |
| Financial charges | 65/66B | €117,819 | €100,814 | -€17,004 | -14.4% |
| Recurring financial charges | 65 | €117,819 | €100,814 | -€17,004 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €255,616 | €298,578 | +€42,962 | +16.8% |
| Income taxes | 67/77 | €66,956 | €79,766 | +€12,810 | +19.1% |
| Profit (loss) for the period | 9904 | €188,660 | €218,811 | +€30,152 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €188,660 | €218,811 | +€30,152 | +16.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.