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
- Cash +€250,395
up €250,395 (+234.4%), from €106,832 to €357,227
mainly Other debts (+€842,106) and Net result for the year (+€440,088)
- Receivables within one year -€117,532
down €117,532 (-5.4%), from €2.2m to €2.1m
of which Other amounts receivable: -€105,573
- Other debts +€842,106
up €842,106 (+7869.3%), from €10,701 to €852,807
- Reserves -€717,981
down €717,981 (-28.4%), from €2.5m to €1.8m
- Financial income +€37,500
up €37,500 (+8.3%), from €452,500 to €490,000
- Taxes +€3,215
up €3,215 (+7.8%), from €41,160 to €44,375
- Gross operating margin -€2,399
down €2,399 (-289.2%), from -€829 to -€3,228
- Other operating charges +€127
up €127 (+6.5%), from €1,948 to €2,075
- Financial charges +€73
up €73 (+45.4%), from €161 to €234
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 | €2,588,438 | €2,721,301 | +€132,863 | +5.1% |
| Fixed assets | 21/28 | €289,050 | €289,050 | = | 0.0% |
| Financial fixed assets | 28 | €289,050 | €289,050 | = | 0.0% |
| Current assets | 29/58 | €2,299,388 | €2,432,251 | +€132,863 | +5.8% |
| Amounts receivable within one year | 40/41 | €2,192,556 | €2,075,024 | -€117,532 | -5.4% |
| Trade receivables | 40 | €11,959 | €0 | -€11,959 | -100.0% |
| Other amounts receivable | 41 | €2,180,597 | €2,075,024 | -€105,573 | -4.8% |
| Cash at bank and in hand | 54/58 | €106,832 | €357,227 | +€250,395 | +234.4% |
| Total equity and liabilities | 10/49 | €2,588,438 | €2,721,301 | +€132,863 | +5.1% |
| Equity | 10/15 | €2,534,331 | €1,816,350 | -€717,981 | -28.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €2,527,331 | €1,809,350 | -€717,981 | -28.4% |
| Distributable reserves | 133 | €2,527,331 | €1,809,350 | -€717,981 | -28.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,107 | €904,951 | +€850,844 | +1572.5% |
| Amounts payable within one year | 42/48 | €54,107 | €904,951 | +€850,844 | +1572.5% |
| Trade debts | 44 | €1,894 | €6,694 | +€4,800 | +253.4% |
| Suppliers | 440/4 | €1,894 | €6,694 | +€4,800 | +253.4% |
| Taxes, remuneration and social security | 45 | €41,512 | €45,450 | +€3,938 | +9.5% |
| Taxes | 450/3 | €41,512 | €45,450 | +€3,938 | +9.5% |
| Other amounts payable | 47/48 | €10,701 | €852,807 | +€842,106 | +7869.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,948 | €2,075 | +€127 | +6.5% |
| Gross operating margin | 9900 | -€829 | -€3,228 | -€2,399 | -289.2% |
| Operating profit (loss) | 9901 | -€2,777 | -€5,303 | -€2,526 | -91.0% |
| Financial income | 75/76B | €452,500 | €490,000 | +€37,500 | +8.3% |
| Recurring financial income | 75 | €452,500 | €490,000 | +€37,500 | +8.3% |
| Financial charges | 65/66B | €161 | €234 | +€73 | +45.4% |
| Recurring financial charges | 65 | €161 | €234 | +€73 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €449,562 | €484,463 | +€34,901 | +7.8% |
| Income taxes | 67/77 | €41,160 | €44,375 | +€3,215 | +7.8% |
| Profit (loss) for the period | 9904 | €408,402 | €440,088 | +€31,686 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €408,402 | €440,088 | +€31,686 | +7.8% |
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 6 October 2026 via checked.be.