FREMO: 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.
FREMO
Largest movements
- Receivables within one year +€155,473
up €155,473 (+98.6%), from €157,758 to €313,231
of which Trade receivables: +€113,030
- Cash -€112,151
down €112,151 (-56.9%), from €196,929 to €84,778
mainly Receivables within one year (-€155,473) and Net result for the year (-€123,290)
- Deferred charges and accrued income +€48,061
up €48,061 (+790%), from €6,085 to €54,146
- Profit (loss) carried forward -€123,290
down €123,290 (-139%), from -€88,682 to -€211,972
- Accrued charges and deferred income +€116,581
up €116,581 (+93.7%), from €124,419 to €241,000
- Trade debts +€79,377
up €79,377 (+113%), from €70,246 to €149,623
- Other debts +€13,289
up €13,289 (+2.4%), from €557,383 to €570,672
- Taxes +€28,359
up €28,359 (+7,912%), from €358 to €28,717
- Gross operating margin -€15,345
down €15,345 (-101%), from -€15,160 to -€30,505
- Financial income +€14,542
up €14,542 (+589%), from €2,469 to €17,011
- Depreciation +€9,127
up €9,127 (+14.1%), from €64,619 to €73,746
- Financial charges -€3,200
down €3,200 (-54.1%), from €5,915 to €2,716
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 | €981,367 | €1,067,288 | +€85,922 | +8.8% |
| Fixed assets | 21/28 | €509,032 | €513,570 | +€4,538 | +0.9% |
| Tangible fixed assets | 22/27 | €509,032 | €513,570 | +€4,538 | +0.9% |
| Land and buildings | 22 | €309,359 | €298,893 | -€10,466 | -3.4% |
| Plant, machinery and equipment | 23 | €167,150 | €163,382 | -€3,769 | -2.3% |
| Furniture and vehicles | 24 | €32,522 | €51,295 | +€18,773 | +57.7% |
| Current assets | 29/58 | €472,335 | €553,718 | +€81,383 | +17.2% |
| Amounts receivable after more than one year | 29 | €109,000 | €99,000 | -€10,000 | -9.2% |
| Other amounts receivable | 291 | €109,000 | €99,000 | -€10,000 | -9.2% |
| Stocks and contracts in progress | 3 | €2,563 | €2,563 | = | 0.0% |
| Stocks | 30/36 | €2,563 | €2,563 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €157,758 | €313,231 | +€155,473 | +98.6% |
| Trade receivables | 40 | €93,485 | €206,515 | +€113,030 | +121% |
| Other amounts receivable | 41 | €64,273 | €106,716 | +€42,443 | +66.0% |
| Cash at bank and in hand | 54/58 | €196,929 | €84,778 | -€112,151 | -56.9% |
| Deferred charges and accrued income | 490/1 | €6,085 | €54,146 | +€48,061 | +790% |
| Total equity and liabilities | 10/49 | €981,367 | €1,067,288 | +€85,922 | +8.8% |
| Equity | 10/15 | €164,170 | €40,880 | -€123,290 | -75.1% |
| Contributions | 10/11 | €134,000 | €134,000 | = | 0.0% |
| Capital | 10 | €134,000 | €134,000 | = | 0.0% |
| Issued capital | 100 | €134,000 | €134,000 | = | 0.0% |
| Reserves | 13 | €118,852 | €118,852 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,400 | €13,400 | = | 0.0% |
| Legal reserve | 130 | €13,400 | €13,400 | = | 0.0% |
| Distributable reserves | 133 | €105,452 | €105,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,682 | -€211,972 | -€123,290 | -139% |
| Provisions and deferred taxes | 16 | €64,772 | €64,772 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €64,772 | €64,772 | = | 0.0% |
| Pensions and similar obligations | 160 | €64,772 | €64,772 | = | 0.0% |
| Amounts payable | 17/49 | €752,425 | €961,637 | +€209,212 | +27.8% |
| Amounts payable within one year | 42/48 | €628,006 | €720,637 | +€92,630 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €70,246 | €149,623 | +€79,377 | +113% |
| Suppliers | 440/4 | €70,246 | €149,623 | +€79,377 | +113% |
| Taxes, remuneration and social security | 45 | €377 | €342 | -€36 | -9.4% |
| Taxes | 450/3 | €377 | €342 | -€36 | -9.4% |
| Other amounts payable | 47/48 | €557,383 | €570,672 | +€13,289 | +2.4% |
| Accrued charges and deferred income | 492/3 | €124,419 | €241,000 | +€116,581 | +93.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,619 | €73,746 | +€9,127 | +14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,098 | €4,617 | -€481 | -9.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€15,160 | -€30,505 | -€15,345 | -101% |
| Operating profit (loss) | 9901 | -€84,877 | -€108,868 | -€23,992 | -28.3% |
| Financial income | 75/76B | €2,469 | €17,011 | +€14,542 | +589% |
| Recurring financial income | 75 | €2,469 | €17,011 | +€14,542 | +589% |
| Financial charges | 65/66B | €5,915 | €2,716 | -€3,200 | -54.1% |
| Recurring financial charges | 65 | €5,915 | €2,716 | -€3,200 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | -€88,323 | -€94,573 | -€6,250 | -7.1% |
| Income taxes | 67/77 | €358 | €28,717 | +€28,359 | +7,912% |
| Profit (loss) for the period | 9904 | -€88,682 | -€123,290 | -€34,608 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,682 | -€123,290 | -€34,608 | -39.0% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.