FreMerCo: 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.
FreMerCo
Largest movements
- Cash -€26,131
down €26,131 (-39.9%), from €65,491 to €39,360
mainly Contributions, distributions and other (-€66,901) and Other debts (-€16,433)
- Receivables within one year -€4,418
down €4,418 (-18.8%), from €23,477 to €19,059
of which Trade receivables: -€4,180
- Tangible fixed assets -€1,942
down €1,942 (-16.1%), from €12,086 to €10,144
of which Furniture and vehicles: -€4,379
- Other debts -€16,433
down €16,433 (-22.8%), from €71,929 to €55,496
- Profit (loss) carried forward -€11,349
down €11,349 (-100.0%), from €11,349 to €0
- Trade debts -€8,580
down €8,580 (-81.2%), from €10,560 to €1,980
- Tax, wage and social debts +€4,061
up €4,061 (+58.1%), from €6,986 to €11,047
- Gross operating margin +€18,225
up €18,225 (+31.0%), from €58,883 to €77,108
- Depreciation +€4,443
up €4,443 (+264.7%), from €1,678 to €6,121
- Taxes +€2,946
up €2,946 (+24.7%), from €11,951 to €14,897
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 | €103,824 | €71,524 | -€32,300 | -31.1% |
| Fixed assets | 21/28 | €12,086 | €10,144 | -€1,942 | -16.1% |
| Tangible fixed assets | 22/27 | €12,086 | €10,144 | -€1,942 | -16.1% |
| Plant, machinery and equipment | 23 | €33 | €2,730 | +€2,697 | +8173.1% |
| Furniture and vehicles | 24 | €10,886 | €6,506 | -€4,379 | -40.2% |
| Other tangible fixed assets | 26 | €1,167 | €907 | -€260 | -22.3% |
| Current assets | 29/58 | €91,738 | €61,380 | -€30,358 | -33.1% |
| Amounts receivable within one year | 40/41 | €23,477 | €19,059 | -€4,418 | -18.8% |
| Trade receivables | 40 | €23,239 | €19,059 | -€4,180 | -18.0% |
| Other amounts receivable | 41 | €239 | €0 | -€239 | -100.0% |
| Cash at bank and in hand | 54/58 | €65,491 | €39,360 | -€26,131 | -39.9% |
| Deferred charges and accrued income | 490/1 | €2,769 | €2,960 | +€191 | +6.9% |
| Total equity and liabilities | 10/49 | €103,824 | €71,524 | -€32,300 | -31.1% |
| Equity | 10/15 | €14,349 | €3,000 | -€11,349 | -79.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,349 | €0 | -€11,349 | -100.0% |
| Amounts payable | 17/49 | €89,475 | €68,524 | -€20,951 | -23.4% |
| Amounts payable within one year | 42/48 | €89,475 | €68,524 | -€20,951 | -23.4% |
| Trade debts | 44 | €10,560 | €1,980 | -€8,580 | -81.2% |
| Suppliers | 440/4 | €10,560 | €1,980 | -€8,580 | -81.2% |
| Taxes, remuneration and social security | 45 | €6,986 | €11,047 | +€4,061 | +58.1% |
| Taxes | 450/3 | €6,986 | €11,047 | +€4,061 | +58.1% |
| Other amounts payable | 47/48 | €71,929 | €55,496 | -€16,433 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,678 | €6,121 | +€4,443 | +264.7% |
| Other operating charges | 640/8 | €451 | €400 | -€51 | -11.4% |
| Gross operating margin | 9900 | €58,883 | €77,108 | +€18,225 | +31.0% |
| Operating profit (loss) | 9901 | €56,754 | €70,587 | +€13,834 | +24.4% |
| Financial charges | 65/66B | €234 | €139 | -€95 | -40.7% |
| Recurring financial charges | 65 | €234 | €139 | -€95 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €56,520 | €70,449 | +€13,929 | +24.6% |
| Income taxes | 67/77 | €11,951 | €14,897 | +€2,946 | +24.7% |
| Profit (loss) for the period | 9904 | €44,569 | €55,552 | +€10,983 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,569 | €55,552 | +€10,983 | +24.6% |
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 8 October 2026 via checked.be.