frenoy.net: 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.
frenoy.net
Largest movements
- Receivables within one year +€8,540
up €8,540 (+189%), from €4,522 to €13,062
- Cash -€5,513
down €5,513 (-5.6%), from €97,884 to €92,371
mainly Receivables within one year (-€8,540) and Other debts (-€79)
- Tangible fixed assets -€1,211
down €1,211 (-96.0%), from €1,261 to €50
of which Other tangible fixed assets: -€688
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,880
up €1,880 (+263%), from €715 to €2,595
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 | €103,667 | €105,483 | +€1,816 | +1.8% |
| Fixed assets | 21/28 | €1,261 | €50 | -€1,211 | -96.0% |
| Tangible fixed assets | 22/27 | €1,261 | €50 | -€1,211 | -96.0% |
| Furniture and vehicles | 24 | €574 | €50 | -€523 | -91.3% |
| Other tangible fixed assets | 26 | €688 | - | -€688 | |
| Current assets | 29/58 | €102,406 | €105,433 | +€3,027 | +3.0% |
| Amounts receivable within one year | 40/41 | €4,522 | €13,062 | +€8,540 | +189% |
| Trade receivables | 40 | €4,522 | €13,062 | +€8,540 | +189% |
| Cash at bank and in hand | 54/58 | €97,884 | €92,371 | -€5,513 | -5.6% |
| Total equity and liabilities | 10/49 | €103,667 | €105,483 | +€1,816 | +1.8% |
| Equity | 10/15 | €102,352 | €103,307 | +€955 | +0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €74,860 | €74,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74,860 | €74,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €73,000 | €73,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,292 | €22,247 | +€955 | +4.5% |
| Amounts payable | 17/49 | €1,315 | €2,176 | +€861 | +65.5% |
| Amounts payable within one year | 42/48 | €1,315 | €2,176 | +€861 | +65.5% |
| Taxes, remuneration and social security | 45 | €892 | €1,832 | +€940 | +105% |
| Taxes | 450/3 | €892 | €1,832 | +€940 | +105% |
| Other amounts payable | 47/48 | €423 | €344 | -€79 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,211 | €1,211 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €715 | €2,595 | +€1,880 | +263% |
| Operating profit (loss) | 9901 | -€881 | €997 | +€1,877 | |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€923 | €955 | +€1,877 | |
| Profit (loss) for the period | 9904 | -€923 | €955 | +€1,877 | |
| Profit (loss) for the period to be appropriated | 9905 | -€923 | €955 | +€1,877 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.