FRENACO SRL: 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.
FRENACO SRL
Largest movements
- Cash +€22,619
up €22,619 (+52.3%), from €43,238 to €65,857
mainly Other debts (+€67,814) and Depreciation (+€21,097)
- Tangible fixed assets -€19,081
down €19,081 (-42.7%), from €44,727 to €25,646
of which Furniture and vehicles: -€18,916
- Other debts +€67,814
up €67,814 (+10,885%), from €623 to €68,437
- Reserves -€29,736
down €29,736 (-89.2%), from €33,339 to €3,603
of which Distributable reserves: -€29,736
- Profit (loss) carried forward -€11,126
new in 2025: -€11,126
- Debts after one year -€9,697
no longer reported in 2025 (was €9,697)
- Tax, wage and social debts -€5,908
down €5,908 (-21.5%), from €27,455 to €21,547
of which Remuneration and social security: -€3,493
- Financial charges +€90,025
up €90,025 (+238%), from €37,838 to €127,863
of which Non-recurring financial charges: +€90,808
- Gross operating margin +€11,539
up €11,539 (+12.0%), from €96,437 to €107,976
- Taxes -€5,816
down €5,816 (-72.4%), from €8,038 to €2,222
- Financial income +€2,773
new in 2025: €2,773
- Depreciation -€2,583
down €2,583 (-10.9%), from €23,680 to €21,097
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 | €87,965 | €92,658 | +€4,693 | +5.3% |
| Fixed assets | 21/28 | €44,727 | €25,646 | -€19,081 | -42.7% |
| Tangible fixed assets | 22/27 | €44,727 | €25,646 | -€19,081 | -42.7% |
| Plant, machinery and equipment | 23 | €256 | €91 | -€165 | -64.5% |
| Furniture and vehicles | 24 | €44,471 | €25,555 | -€18,916 | -42.5% |
| Current assets | 29/58 | €43,238 | €67,012 | +€23,774 | +55.0% |
| Amounts receivable within one year | 40/41 | - | €863 | +€863 | |
| Trade receivables | 40 | - | €863 | +€863 | |
| Cash at bank and in hand | 54/58 | €43,238 | €65,857 | +€22,619 | +52.3% |
| Deferred charges and accrued income | 490/1 | - | €293 | +€293 | |
| Total equity and liabilities | 10/49 | €87,965 | €92,658 | +€4,693 | +5.3% |
| Equity | 10/15 | €33,839 | -€7,023 | -€40,862 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Capital | 10 | €500 | - | -€500 | |
| Issued capital | 100 | €500 | - | -€500 | |
| Reserves | 13 | €33,339 | €3,603 | -€29,736 | -89.2% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Legal reserve | 130 | €50 | - | -€50 | |
| Reserves not available under the articles | 1311 | - | €50 | +€50 | |
| Tax-exempt reserves | 132 | €3,553 | €3,553 | +€0 | 0.0% |
| Distributable reserves | 133 | €29,736 | - | -€29,736 | |
| Profit (loss) carried forward | 14 | - | -€11,126 | -€11,126 | |
| Amounts payable | 17/49 | €54,126 | €99,681 | +€45,555 | +84.2% |
| Amounts payable after more than one year | 17 | €9,697 | - | -€9,697 | |
| Financial debts | 170/4 | €9,697 | - | -€9,697 | |
| Amounts payable within one year | 42/48 | €44,039 | €99,681 | +€55,642 | +126% |
| Current portion of amounts payable after more than one year | 42 | €12,319 | €9,697 | -€2,622 | -21.3% |
| Trade debts | 44 | €3,642 | - | -€3,642 | |
| Suppliers | 440/4 | €3,642 | - | -€3,642 | |
| Taxes, remuneration and social security | 45 | €27,455 | €21,547 | -€5,908 | -21.5% |
| Taxes | 450/3 | €23,962 | €21,547 | -€2,415 | -10.1% |
| Remuneration and social security | 454/9 | €3,493 | - | -€3,493 | |
| Other amounts payable | 47/48 | €623 | €68,437 | +€67,814 | +10,885% |
| Accrued charges and deferred income | 492/3 | €390 | - | -€390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,680 | €21,097 | -€2,583 | -10.9% |
| Other operating charges | 640/8 | €800 | €429 | -€371 | -46.3% |
| Gross operating margin | 9900 | €96,437 | €107,976 | +€11,539 | +12.0% |
| Operating profit (loss) | 9901 | €71,957 | €86,449 | +€14,492 | +20.1% |
| Financial income | 75/76B | - | €2,773 | +€2,773 | |
| Recurring financial income | 75 | - | €2,773 | +€2,773 | |
| Financial charges | 65/66B | €37,838 | €127,863 | +€90,025 | +238% |
| Recurring financial charges | 65 | €2,142 | €1,359 | -€783 | -36.6% |
| Non-recurring financial charges | 66B | €35,696 | €126,504 | +€90,808 | +254% |
| Profit (loss) for the period before taxes | 9903 | €34,119 | -€38,641 | -€72,760 | |
| Income taxes | 67/77 | €8,038 | €2,222 | -€5,816 | -72.4% |
| Profit (loss) for the period | 9904 | €26,081 | -€40,863 | -€66,944 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,081 | -€40,863 | -€66,944 |
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 19 October 2026 via checked.be.