FREMEN Geo: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
FREMEN Geo
Largest movements
- Tangible fixed assets -€89,788
down €89,788 (-19.6%), from €457,749 to €367,961
of which Plant, machinery and equipment: -€49,488
- Cash -€76,035
down €76,035 (-73.2%), from €103,870 to €27,835
mainly Net result for the year (-€66,207) and Tax, wage and social debts (-€61,367)
- Receivables within one year -€16,167
down €16,167 (-9.0%), from €180,485 to €164,318
of which Other amounts receivable: -€15,797
- Intangible fixed assets -€9,374
down €9,374 (-32.0%), from €29,249 to €19,875
- Profit (loss) carried forward -€66,207
down €66,207 (-16.1%), from €412,030 to €345,823
- Tax, wage and social debts -€61,367
down €61,367 (-57.4%), from €106,823 to €45,456
of which Taxes: -€46,830
- Other debts -€35,656
down €35,656 (-69.6%), from €51,197 to €15,541
- Debts after one year -€20,895
down €20,895 (-18.2%), from €114,977 to €94,082
- Gross operating margin -€197,922
down €197,922 (-38.9%), from €508,972 to €311,050
- Taxes -€17,278
down €17,278 (-92.3%), from €18,714 to €1,436
- Staff costs -€7,928
down €7,928 (-2.8%), from €284,364 to €276,437
- Depreciation -€7,327
down €7,327 (-6.9%), from €106,489 to €99,162
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €923,262 | €726,678 | -€196,584 | -21.3% |
| Fixed assets | 21/28 | €492,658 | €394,996 | -€97,662 | -19.8% |
| Intangible fixed assets | 21 | €29,249 | €19,875 | -€9,374 | -32.0% |
| Tangible fixed assets | 22/27 | €457,749 | €367,961 | -€89,788 | -19.6% |
| Land and buildings | 22 | €229,705 | €217,927 | -€11,778 | -5.1% |
| Plant, machinery and equipment | 23 | €163,116 | €113,629 | -€49,488 | -30.3% |
| Furniture and vehicles | 24 | €48,330 | €25,035 | -€23,296 | -48.2% |
| Leasing and similar rights | 25 | €16,598 | €11,371 | -€5,227 | -31.5% |
| Financial fixed assets | 28 | €5,660 | €7,160 | +€1,500 | +26.5% |
| Current assets | 29/58 | €430,604 | €331,682 | -€98,922 | -23.0% |
| Amounts receivable after more than one year | 29 | €16,683 | €14,534 | -€2,149 | -12.9% |
| Other amounts receivable | 291 | €16,683 | €14,534 | -€2,149 | -12.9% |
| Amounts receivable within one year | 40/41 | €180,485 | €164,318 | -€16,167 | -9.0% |
| Trade receivables | 40 | €132,547 | €132,176 | -€371 | -0.3% |
| Other amounts receivable | 41 | €47,939 | €32,142 | -€15,797 | -33.0% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,870 | €27,835 | -€76,035 | -73.2% |
| Deferred charges and accrued income | 490/1 | €29,566 | €24,995 | -€4,571 | -15.5% |
| Total equity and liabilities | 10/49 | €923,262 | €726,678 | -€196,584 | -21.3% |
| Equity | 10/15 | €609,640 | €543,433 | -€66,207 | -10.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €172,610 | €172,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €172,610 | €172,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | €412,030 | €345,823 | -€66,207 | -16.1% |
| Amounts payable | 17/49 | €313,623 | €183,245 | -€130,378 | -41.6% |
| Amounts payable after more than one year | 17 | €114,977 | €94,082 | -€20,895 | -18.2% |
| Financial debts | 170/4 | €114,977 | €94,082 | -€20,895 | -18.2% |
| Amounts payable within one year | 42/48 | €198,021 | €88,402 | -€109,619 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €28,590 | €21,621 | -€6,969 | -24.4% |
| Trade debts | 44 | €11,411 | €5,785 | -€5,626 | -49.3% |
| Suppliers | 440/4 | €11,411 | €5,785 | -€5,626 | -49.3% |
| Taxes, remuneration and social security | 45 | €106,823 | €45,456 | -€61,367 | -57.4% |
| Taxes | 450/3 | €57,954 | €11,124 | -€46,830 | -80.8% |
| Remuneration and social security | 454/9 | €48,869 | €34,331 | -€14,537 | -29.7% |
| Other amounts payable | 47/48 | €51,197 | €15,541 | -€35,656 | -69.6% |
| Accrued charges and deferred income | 492/3 | €625 | €761 | +€136 | +21.7% |
| Remuneration, social security and pensions | 62 | €284,364 | €276,437 | -€7,928 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,489 | €99,162 | -€7,327 | -6.9% |
| Other operating charges | 640/8 | €2,282 | €3,100 | +€818 | +35.8% |
| Gross operating margin | 9900 | €508,972 | €311,050 | -€197,922 | -38.9% |
| Operating profit (loss) | 9901 | €115,836 | -€67,649 | -€183,484 | |
| Financial income | 75/76B | €1,899 | €5,183 | +€3,284 | +173% |
| Recurring financial income | 75 | €1,899 | €5,183 | +€3,284 | +173% |
| Financial charges | 65/66B | €2,531 | €2,305 | -€226 | -8.9% |
| Recurring financial charges | 65 | €2,531 | €2,305 | -€226 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €115,203 | -€64,770 | -€179,974 | |
| Income taxes | 67/77 | €18,714 | €1,436 | -€17,278 | -92.3% |
| Profit (loss) for the period | 9904 | €96,489 | -€66,207 | -€162,696 | |
| Profit (loss) for the period to be appropriated | 9905 | €96,489 | -€66,207 | -€162,696 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.