FREMATT: 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.
FREMATT
Largest movements
- Tangible fixed assets -€252,075
down €252,075 (-74.7%), from €337,657 to €85,581
of which Land and buildings: -€234,052
- Cash +€139,881
up €139,881 (+318%), from €44,032 to €183,913
mainly Investment in fixed assets (net) (+€231,590) and Other debts (+€195,979)
- Deferred charges and accrued income -€17,895
down €17,895 (-78.1%), from €22,911 to €5,016
- Receivables within one year +€10,765
up €10,765 (+16.0%), from €67,422 to €78,187
of which Other amounts receivable: +€22,150
- Other debts +€195,979
up €195,979 (+576%), from €34,021 to €230,000
- Debts after one year -€195,406
down €195,406 (-100%), from €195,406 to €0
- Current portion of long-term debt -€86,292
down €86,292 (-100%), from €86,292 to €0
- Reserves -€44,056
down €44,056 (-25.2%), from €174,500 to €130,444
- Trade debts +€23,908
up €23,908 (+24.4%), from €97,927 to €121,834
- Staff costs +€146,862
up €146,862 (+51.6%), from €284,777 to €431,639
- Gross operating margin +€133,989
up €133,989 (+42.0%), from €319,253 to €453,241
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €634,736 | €516,941 | -€117,795 | -18.6% |
| Fixed assets | 21/28 | €337,657 | €85,581 | -€252,075 | -74.7% |
| Tangible fixed assets | 22/27 | €337,657 | €85,581 | -€252,075 | -74.7% |
| Land and buildings | 22 | €234,052 | €0 | -€234,052 | -100% |
| Plant, machinery and equipment | 23 | €101,253 | €84,127 | -€17,126 | -16.9% |
| Furniture and vehicles | 24 | €2,352 | €1,454 | -€898 | -38.2% |
| Current assets | 29/58 | €297,079 | €431,359 | +€134,281 | +45.2% |
| Stocks and contracts in progress | 3 | €162,714 | €164,243 | +€1,529 | +0.9% |
| Stocks | 30/36 | €162,714 | €164,243 | +€1,529 | +0.9% |
| Amounts receivable within one year | 40/41 | €67,422 | €78,187 | +€10,765 | +16.0% |
| Trade receivables | 40 | €67,422 | €56,037 | -€11,385 | -16.9% |
| Other amounts receivable | 41 | - | €22,150 | +€22,150 | |
| Cash at bank and in hand | 54/58 | €44,032 | €183,913 | +€139,881 | +318% |
| Deferred charges and accrued income | 490/1 | €22,911 | €5,016 | -€17,895 | -78.1% |
| Total equity and liabilities | 10/49 | €634,736 | €516,941 | -€117,795 | -18.6% |
| Equity | 10/15 | €149,158 | €99,403 | -€49,754 | -33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,500 | €130,444 | -€44,056 | -25.2% |
| Distributable reserves | 133 | €174,500 | €130,444 | -€44,056 | -25.2% |
| Profit (loss) carried forward | 14 | -€43,942 | -€49,641 | -€5,698 | -13.0% |
| Amounts payable | 17/49 | €485,578 | €417,537 | -€68,041 | -14.0% |
| Amounts payable after more than one year | 17 | €195,406 | €0 | -€195,406 | -100% |
| Financial debts | 170/4 | €195,406 | €0 | -€195,406 | -100% |
| Amounts payable within one year | 42/48 | €290,172 | €417,537 | +€127,365 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €86,292 | €0 | -€86,292 | -100% |
| Trade debts | 44 | €97,927 | €121,834 | +€23,908 | +24.4% |
| Suppliers | 440/4 | €97,927 | €121,834 | +€23,908 | +24.4% |
| Taxes, remuneration and social security | 45 | €71,932 | €65,703 | -€6,229 | -8.7% |
| Taxes | 450/3 | €38,897 | €9,906 | -€28,991 | -74.5% |
| Remuneration and social security | 454/9 | €33,035 | €55,797 | +€22,761 | +68.9% |
| Other amounts payable | 47/48 | €34,021 | €230,000 | +€195,979 | +576% |
| Remuneration, social security and pensions | 62 | €284,777 | €431,639 | +€146,862 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,590 | €20,485 | -€105 | -0.5% |
| Other operating charges | 640/8 | €1,086 | €1,285 | +€199 | +18.3% |
| Gross operating margin | 9900 | €319,253 | €453,241 | +€133,989 | +42.0% |
| Operating profit (loss) | 9901 | €12,800 | -€168 | -€12,967 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €4,736 | €3,606 | -€1,130 | -23.9% |
| Recurring financial charges | 65 | €4,736 | €3,606 | -€1,130 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €8,064 | -€3,774 | -€11,838 | |
| Income taxes | 67/77 | €4,423 | €1,925 | -€2,498 | -56.5% |
| Profit (loss) for the period | 9904 | €3,641 | -€5,698 | -€9,340 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,641 | -€5,698 | -€9,340 |
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 14 October 2026 via checked.be.