FRENICO: 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.
FRENICO
Largest movements
- Cash -€29,456
down €29,456 (-17.7%), from €166,113 to €136,656
mainly Other debts (-€56,446) and Stocks and contracts (-€2,316)
- Receivables within one year -€13,455
down €13,455 (-18.4%), from €73,268 to €59,813
of which Other amounts receivable: -€8,799
- Tangible fixed assets -€12,378
down €12,378 (-84.0%), from €14,730 to €2,351
of which Furniture and vehicles: -€13,126
- Other debts -€56,446
down €56,446 (-53.8%), from €104,850 to €48,404
- Turnover +€288,094
up €288,094 (+7.5%), from €3.8m to €4.1m
- Purchases and services +€263,906
up €263,906 (+6.9%), from €3.8m to €4.1m
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 | €259,693 | €205,931 | -€53,762 | -20.7% |
| Fixed assets | 21/28 | €15,730 | €3,351 | -€12,378 | -78.7% |
| Tangible fixed assets | 22/27 | €14,730 | €2,351 | -€12,378 | -84.0% |
| Plant, machinery and equipment | 23 | €1,449 | €2,197 | +€747 | +51.6% |
| Furniture and vehicles | 24 | €13,280 | €155 | -€13,126 | -98.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €243,963 | €202,580 | -€41,384 | -17.0% |
| Stocks and contracts in progress | 3 | €3,476 | €5,791 | +€2,316 | +66.6% |
| Stocks | 30/36 | €3,476 | €5,791 | +€2,316 | +66.6% |
| Amounts receivable within one year | 40/41 | €73,268 | €59,813 | -€13,455 | -18.4% |
| Trade receivables | 40 | €58,796 | €54,140 | -€4,656 | -7.9% |
| Other amounts receivable | 41 | €14,472 | €5,673 | -€8,799 | -60.8% |
| Cash at bank and in hand | 54/58 | €166,113 | €136,656 | -€29,456 | -17.7% |
| Deferred charges and accrued income | 490/1 | €1,107 | €320 | -€788 | -71.1% |
| Total equity and liabilities | 10/49 | €259,693 | €205,931 | -€53,762 | -20.7% |
| Equity | 10/15 | €128,655 | €128,683 | +€28 | 0.0% |
| Contributions | 10/11 | €48,600 | €48,600 | = | 0.0% |
| Reserves | 13 | €80,055 | €80,083 | +€28 | 0.0% |
| Distributable reserves | 133 | €80,055 | €80,083 | +€28 | 0.0% |
| Amounts payable | 17/49 | €131,038 | €77,248 | -€53,790 | -41.0% |
| Amounts payable within one year | 42/48 | €131,038 | €77,248 | -€53,790 | -41.0% |
| Trade debts | 44 | €15,238 | €17,109 | +€1,871 | +12.3% |
| Suppliers | 440/4 | €15,238 | €17,109 | +€1,871 | +12.3% |
| Taxes, remuneration and social security | 45 | €10,950 | €11,735 | +€785 | +7.2% |
| Taxes | 450/3 | €6,481 | €5,018 | -€1,463 | -22.6% |
| Remuneration and social security | 454/9 | €4,469 | €6,717 | +€2,248 | +50.3% |
| Other amounts payable | 47/48 | €104,850 | €48,404 | -€56,446 | -53.8% |
| Turnover | 70 | €3,831,045 | €4,119,140 | +€288,094 | +7.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,811,188 | €4,075,094 | +€263,906 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,504 | €6,357 | -€7,147 | -52.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,563 | €37,815 | +€30,252 | +400.0% |
| Other operating charges | 640/8 | €8,989 | €16,884 | +€7,895 | +87.8% |
| Gross operating margin | 9900 | €40,345 | €62,764 | +€22,419 | +55.6% |
| Operating profit (loss) | 9901 | €10,288 | €1,707 | -€8,581 | -83.4% |
| Financial income | 75/76B | €10,596 | €3,539 | -€7,057 | -66.6% |
| Recurring financial income | 75 | €10,594 | €3,539 | -€7,054 | -66.6% |
| Non-recurring financial income | 76B | €3 | - | -€3 | |
| Financial charges | 65/66B | €14,048 | €1,697 | -€12,351 | -87.9% |
| Recurring financial charges | 65 | €14,048 | €1,697 | -€12,351 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €6,836 | €3,549 | -€3,287 | -48.1% |
| Income taxes | 67/77 | €4,054 | €3,521 | -€533 | -13.2% |
| Profit (loss) for the period | 9904 | €2,782 | €28 | -€2,753 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,782 | €28 | -€2,753 | -99.0% |
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.