FRÊNESAGRI: 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.
What changed
FRÊNESAGRI
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€5,807
2024 · -€80,706+€74,899
Equity
€1.2m
2024 · €1.2m-€5,807
Cash
€74,051
2024 · €77,894-€3,843
Balance sheet total
€1.5m
2024 · €1.5m+€1,133
Largest movements
Assets
- Receivables within one year +€85,501
up €85,501 (+628%), from €13,619 to €99,121
of which Trade receivables: +€86,261
- Tangible fixed assets -€70,651
down €70,651 (-6.6%), from €1.1m to €996,868
of which Land and buildings: -€35,612
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€79,060
up €79,060 (+202%), from €39,071 to €118,131
- Depreciation +€2,780
up €2,780 (+3.8%), from €73,026 to €75,807
- Financial charges +€1,258
up €1,258 (+130%), from €971 to €2,229
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.
Result 2024
-€80,706
Gross operating margin
+€79,060
Staff costs
-€368
Depreciation
-€2,780
Other operating charges
+€246
Financial income
-€0
Financial charges
-€1,258
Result 2025
-€5,807
raises the resultlowers the result
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.
From operations
+€7,175
Investment
-€4,740
Financing
-€6,278
Cash 2024
€77,894
From operations (derived)
+€7,175
Net result for the year
-€5,807
Depreciation
+€75,807
Stocks and contracts
+€13,222
Receivables within one year
-€85,501
Deferred charges and accrued income
-€3,764
Trade debts
+€13,662
Tax, wage and social debts
-€1,428
Accrued charges and deferred income
+€984
Investment (derived)
-€4,740
Investment in fixed assets (net)
-€4,740
Financing
-€6,278
Debts after one year
-€6,510
Current portion of long-term debt
+€232
Cash 2025
€74,051
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,452,728 | €1,453,861 | +€1,133 | +0.1% |
| Fixed assets | 21/28 | €1,069,182 | €998,116 | -€71,067 | -6.6% |
| Intangible fixed assets | 21 | €1,664 | €1,248 | -€416 | -25.0% |
| Tangible fixed assets | 22/27 | €1,067,518 | €996,868 | -€70,651 | -6.6% |
| Land and buildings | 22 | €951,301 | €915,689 | -€35,612 | -3.7% |
| Plant, machinery and equipment | 23 | €73,145 | €59,079 | -€14,066 | -19.2% |
| Furniture and vehicles | 24 | €14,375 | €0 | -€14,375 | -100% |
| Leasing and similar rights | 25 | €28,698 | €22,100 | -€6,598 | -23.0% |
| Current assets | 29/58 | €383,546 | €455,745 | +€72,200 | +18.8% |
| Stocks and contracts in progress | 3 | €269,835 | €256,612 | -€13,222 | -4.9% |
| Stocks | 30/36 | €269,835 | €256,612 | -€13,222 | -4.9% |
| Amounts receivable within one year | 40/41 | €13,619 | €99,121 | +€85,501 | +628% |
| Trade receivables | 40 | €12,062 | €98,323 | +€86,261 | +715% |
| Other amounts receivable | 41 | €1,558 | €798 | -€760 | -48.8% |
| Cash at bank and in hand | 54/58 | €77,894 | €74,051 | -€3,843 | -4.9% |
| Deferred charges and accrued income | 490/1 | €22,197 | €25,961 | +€3,764 | +17.0% |
| Total equity and liabilities | 10/49 | €1,452,728 | €1,453,861 | +€1,133 | +0.1% |
| Equity | 10/15 | €1,199,397 | €1,193,589 | -€5,807 | -0.5% |
| Contributions | 10/11 | €1,568,338 | €1,568,338 | = | 0.0% |
| Reserves | 13 | €2,550 | €2,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,550 | €2,550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,550 | €2,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€371,491 | -€377,298 | -€5,807 | -1.6% |
| Amounts payable | 17/49 | €253,331 | €260,272 | +€6,940 | +2.7% |
| Amounts payable after more than one year | 17 | €22,649 | €16,139 | -€6,510 | -28.7% |
| Financial debts | 170/4 | €22,649 | €16,139 | -€6,510 | -28.7% |
| Amounts payable within one year | 42/48 | €230,683 | €243,149 | +€12,466 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €6,278 | €6,510 | +€232 | +3.7% |
| Trade debts | 44 | €205,335 | €218,998 | +€13,662 | +6.7% |
| Suppliers | 440/4 | €205,335 | €218,998 | +€13,662 | +6.7% |
| Taxes, remuneration and social security | 45 | €8,269 | €6,841 | -€1,428 | -17.3% |
| Taxes | 450/3 | €485 | €283 | -€202 | -41.7% |
| Remuneration and social security | 454/9 | €7,784 | €6,559 | -€1,226 | -15.7% |
| Other amounts payable | 47/48 | €10,800 | €10,800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €984 | +€984 | |
| Remuneration, social security and pensions | 62 | €41,180 | €41,548 | +€368 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,026 | €75,807 | +€2,780 | +3.8% |
| Other operating charges | 640/8 | €4,600 | €4,353 | -€246 | -5.4% |
| Gross operating margin | 9900 | €39,071 | €118,131 | +€79,060 | +202% |
| Operating profit (loss) | 9901 | -€79,735 | -€3,578 | +€76,157 | +95.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €971 | €2,229 | +€1,258 | +130% |
| Recurring financial charges | 65 | €971 | €2,229 | +€1,258 | +130% |
| Profit (loss) for the period before taxes | 9903 | -€80,706 | -€5,807 | +€74,899 | +92.8% |
| Profit (loss) for the period | 9904 | -€80,706 | -€5,807 | +€74,899 | +92.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,706 | -€5,807 | +€74,899 | +92.8% |
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 14 October 2026 via checked.be.