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
- Cash +€51,441
up €51,441 (+84.8%), from €60,675 to €112,116
mainly Net result for the year (+€46,095) and Depreciation (+€9,512)
- Receivables within one year +€10,430
up €10,430 (+61.9%), from €16,840 to €27,270
of which Trade receivables: +€9,436
- Tangible fixed assets -€9,512
down €9,512 (-27.1%), from €35,084 to €25,572
of which Furniture and vehicles: -€8,327
- Stocks and contracts +€5,556
new in 2025: €5,556
- Deferred charges and accrued income -€1,870
down €1,870 (-73.9%), from €2,529 to €659
- Reserves +€45,262
up €45,262 (+50.0%), from €90,573 to €135,835
- Trade debts +€9,312
up €9,312 (+1104.8%), from €843 to €10,155
- Debts after one year -€6,582
down €6,582 (-71.6%), from €9,199 to €2,617
- Tax, wage and social debts +€4,236
up €4,236 (+294.0%), from €1,441 to €5,677
of which Taxes: +€2,533
- Other debts +€3,321
up €3,321 (+95.2%), from €3,491 to €6,812
- Gross operating margin +€41,060
up €41,060 (+106.9%), from €38,396 to €79,456
- Taxes +€13,209
up €13,209 (+151.6%), from €8,710 to €21,919
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 | €115,128 | €171,173 | +€56,045 | +48.7% |
| Fixed assets | 21/28 | €35,084 | €25,572 | -€9,512 | -27.1% |
| Tangible fixed assets | 22/27 | €35,084 | €25,572 | -€9,512 | -27.1% |
| Land and buildings | 22 | €1,381 | €1,069 | -€312 | -22.6% |
| Plant, machinery and equipment | 23 | €3,085 | €2,212 | -€873 | -28.3% |
| Furniture and vehicles | 24 | €30,618 | €22,290 | -€8,327 | -27.2% |
| Current assets | 29/58 | €80,045 | €145,601 | +€65,557 | +81.9% |
| Stocks and contracts in progress | 3 | - | €5,556 | +€5,556 | |
| Stocks | 30/36 | - | €5,556 | +€5,556 | |
| Amounts receivable within one year | 40/41 | €16,840 | €27,270 | +€10,430 | +61.9% |
| Trade receivables | 40 | €9,450 | €18,886 | +€9,436 | +99.8% |
| Other amounts receivable | 41 | €7,390 | €8,384 | +€994 | +13.5% |
| Cash at bank and in hand | 54/58 | €60,675 | €112,116 | +€51,441 | +84.8% |
| Deferred charges and accrued income | 490/1 | €2,529 | €659 | -€1,870 | -73.9% |
| Total equity and liabilities | 10/49 | €115,128 | €171,173 | +€56,045 | +48.7% |
| Equity | 10/15 | €92,373 | €137,635 | +€45,262 | +49.0% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Reserves | 13 | €90,573 | €135,835 | +€45,262 | +50.0% |
| Distributable reserves | 133 | €90,573 | €135,835 | +€45,262 | +50.0% |
| Amounts payable | 17/49 | €22,755 | €33,538 | +€10,782 | +47.4% |
| Amounts payable after more than one year | 17 | €9,199 | €2,617 | -€6,582 | -71.6% |
| Financial debts | 170/4 | €9,199 | €2,617 | -€6,582 | -71.6% |
| Amounts payable within one year | 42/48 | €13,556 | €30,771 | +€17,214 | +127.0% |
| Current portion of amounts payable after more than one year | 42 | €6,282 | €6,582 | +€301 | +4.8% |
| Financial debts | 43 | €1,500 | €1,544 | +€44 | +2.9% |
| Credit institutions | 430/8 | €1,500 | €1,544 | +€44 | +2.9% |
| Trade debts | 44 | €843 | €10,155 | +€9,312 | +1104.8% |
| Suppliers | 440/4 | €843 | €10,155 | +€9,312 | +1104.8% |
| Taxes, remuneration and social security | 45 | €1,441 | €5,677 | +€4,236 | +294.0% |
| Taxes | 450/3 | €1,441 | €3,974 | +€2,533 | +175.8% |
| Remuneration and social security | 454/9 | - | €1,703 | +€1,703 | |
| Other amounts payable | 47/48 | €3,491 | €6,812 | +€3,321 | +95.2% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,183 | €9,512 | +€329 | +3.6% |
| Other operating charges | 640/8 | €1,033 | €902 | -€131 | -12.7% |
| Gross operating margin | 9900 | €38,396 | €79,456 | +€41,060 | +106.9% |
| Operating profit (loss) | 9901 | €28,181 | €69,042 | +€40,862 | +145.0% |
| Financial income | 75/76B | €90 | €75 | -€16 | -17.3% |
| Recurring financial income | 75 | €90 | €75 | -€16 | -17.3% |
| Financial charges | 65/66B | €1,436 | €1,102 | -€334 | -23.3% |
| Recurring financial charges | 65 | €1,436 | €1,102 | -€334 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €26,835 | €68,015 | +€41,180 | +153.5% |
| Income taxes | 67/77 | €8,710 | €21,919 | +€13,209 | +151.6% |
| Profit (loss) for the period | 9904 | €18,124 | €46,095 | +€27,971 | +154.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,124 | €46,095 | +€27,971 | +154.3% |
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 11 October 2026 via checked.be.