FRENA CONSULTING: 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.
FRENA CONSULTING
Largest movements
- Current investments +€28,935
up €28,935 (+19.1%), from €151,323 to €180,258
- Cash -€5,883
down €5,883 (-24.7%), from €23,813 to €17,930
mainly Current investments (-€28,935) and Tax, wage and social debts (-€13,507)
- Reserves +€26,453
up €26,453 (+12.1%), from €217,974 to €244,427
- Tax, wage and social debts -€13,507
down €13,507 (-100%), from €13,507 to €0
- Trade debts +€5,362
up €5,362, from €0 to €5,362
- Gross operating margin -€41,247
down €41,247 (-53.9%), from €76,480 to €35,234
- Taxes -€12,308
down €12,308 (-50.0%), from €24,638 to €12,330
- Financial income +€3,011
up €3,011 (+105%), from €2,880 to €5,892
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 | €286,519 | €306,448 | +€19,930 | +7.0% |
| Fixed assets | 21/28 | €99,076 | €97,701 | -€1,375 | -1.4% |
| Tangible fixed assets | 22/27 | €6,626 | €5,251 | -€1,375 | -20.8% |
| Furniture and vehicles | 24 | €4,137 | €2,423 | -€1,714 | -41.4% |
| Other tangible fixed assets | 26 | €2,489 | €2,827 | +€338 | +13.6% |
| Financial fixed assets | 28 | €92,450 | €92,450 | = | 0.0% |
| Current assets | 29/58 | €187,443 | €208,748 | +€21,305 | +11.4% |
| Amounts receivable within one year | 40/41 | €12,307 | €10,560 | -€1,748 | -14.2% |
| Trade receivables | 40 | €4,807 | €266 | -€4,541 | -94.5% |
| Other amounts receivable | 41 | €7,500 | €10,294 | +€2,794 | +37.2% |
| Current investments | 50/53 | €151,323 | €180,258 | +€28,935 | +19.1% |
| Cash at bank and in hand | 54/58 | €23,813 | €17,930 | -€5,883 | -24.7% |
| Total equity and liabilities | 10/49 | €286,519 | €306,448 | +€19,930 | +7.0% |
| Equity | 10/15 | €272,974 | €299,427 | +€26,453 | +9.7% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Reserves | 13 | €217,974 | €244,427 | +€26,453 | +12.1% |
| Distributable reserves | 133 | €217,974 | €244,427 | +€26,453 | +12.1% |
| Amounts payable | 17/49 | €13,544 | €7,021 | -€6,524 | -48.2% |
| Amounts payable within one year | 42/48 | €13,544 | €7,021 | -€6,524 | -48.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €288 | +€288 | |
| Credit institutions | 430/8 | - | €288 | +€288 | |
| Trade debts | 44 | €0 | €5,362 | +€5,362 | |
| Suppliers | 440/4 | €0 | €5,362 | +€5,362 | |
| Taxes, remuneration and social security | 45 | €13,507 | €0 | -€13,507 | -100% |
| Taxes | 450/3 | €13,507 | €0 | -€13,507 | -100% |
| Other amounts payable | 47/48 | €37 | €1,370 | +€1,333 | +3,598% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,755 | €2,012 | +€257 | +14.6% |
| Other operating charges | 640/8 | €100 | €100 | = | 0.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €76,480 | €35,234 | -€41,247 | -53.9% |
| Operating profit (loss) | 9901 | €74,625 | €33,122 | -€41,503 | -55.6% |
| Financial income | 75/76B | €2,880 | €5,892 | +€3,011 | +105% |
| Recurring financial income | 75 | €2,880 | €5,892 | +€3,011 | +105% |
| Financial charges | 65/66B | €203 | €230 | +€28 | +13.6% |
| Recurring financial charges | 65 | €203 | €230 | +€28 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €77,303 | €38,783 | -€38,520 | -49.8% |
| Income taxes | 67/77 | €24,638 | €12,330 | -€12,308 | -50.0% |
| Profit (loss) for the period | 9904 | €52,665 | €26,453 | -€26,212 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,665 | €26,453 | -€26,212 | -49.8% |
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 15 October 2026 via checked.be.