FREOLI: what changed
Two fiscal 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.
FREOLI
Largest movements
- Tangible fixed assets -€34,149
down €34,149 (-6.1%), from €560,793 to €526,644
of which Land and buildings: -€33,869
- Cash -€10,576
down €10,576 (-73.3%), from €14,434 to €3,859
mainly Net result for the year (-€37,395) and Debts after one year (-€23,592)
- Profit (loss) carried forward -€37,395
down €37,395 (-35.5%), from -€105,352 to -€142,747
- Debts after one year -€23,592
down €23,592 (-6.2%), from €380,185 to €356,593
- Other debts +€15,220
up €15,220 (+5.8%), from €263,999 to €279,219
- Gross operating margin -€16,726
down €16,726 (-49.1%), from €34,069 to €17,344
- Depreciation +€3,473
up €3,473 (+11.3%), from €30,675 to €34,149
- Financial charges -€1,271
down €1,271 (-8.2%), from €15,465 to €14,194
- Other operating charges +€1,109
up €1,109 (+20.5%), from €5,410 to €6,519
- Financial income -€444
down €444 (-78.4%), from €566 to €122
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €582,757 | €532,519 | -€50,238 | -8.6% |
| Fixed assets | 21/28 | €560,793 | €526,644 | -€34,149 | -6.1% |
| Tangible fixed assets | 22/27 | €560,793 | €526,644 | -€34,149 | -6.1% |
| Land and buildings | 22 | €559,807 | €525,938 | -€33,869 | -6.1% |
| Furniture and vehicles | 24 | €986 | €706 | -€280 | -28.4% |
| Current assets | 29/58 | €21,964 | €5,875 | -€16,089 | -73.3% |
| Amounts receivable within one year | 40/41 | €7,529 | €2,016 | -€5,513 | -73.2% |
| Other amounts receivable | 41 | €7,529 | €2,016 | -€5,513 | -73.2% |
| Cash at bank and in hand | 54/58 | €14,434 | €3,859 | -€10,576 | -73.3% |
| Total equity and liabilities | 10/49 | €582,757 | €532,519 | -€50,238 | -8.6% |
| Equity | 10/15 | -€99,152 | -€136,547 | -€37,395 | -37.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,352 | -€142,747 | -€37,395 | -35.5% |
| Amounts payable | 17/49 | €681,909 | €669,067 | -€12,843 | -1.9% |
| Amounts payable after more than one year | 17 | €380,185 | €356,593 | -€23,592 | -6.2% |
| Financial debts | 170/4 | €380,185 | €356,593 | -€23,592 | -6.2% |
| Amounts payable within one year | 42/48 | €296,575 | €311,126 | +€14,551 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €22,809 | €25,537 | +€2,728 | +12.0% |
| Trade debts | 44 | €9,767 | €6,370 | -€3,396 | -34.8% |
| Suppliers | 440/4 | €9,767 | €6,370 | -€3,396 | -34.8% |
| Other amounts payable | 47/48 | €263,999 | €279,219 | +€15,220 | +5.8% |
| Accrued charges and deferred income | 492/3 | €5,150 | €1,348 | -€3,802 | -73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,675 | €34,149 | +€3,473 | +11.3% |
| Other operating charges | 640/8 | €5,410 | €6,519 | +€1,109 | +20.5% |
| Gross operating margin | 9900 | €34,069 | €17,344 | -€16,726 | -49.1% |
| Operating profit (loss) | 9901 | -€2,016 | -€23,324 | -€21,308 | -1056.9% |
| Financial income | 75/76B | €566 | €122 | -€444 | -78.4% |
| Recurring financial income | 75 | €566 | €122 | -€444 | -78.4% |
| Financial charges | 65/66B | €15,465 | €14,194 | -€1,271 | -8.2% |
| Recurring financial charges | 65 | €15,465 | €14,194 | -€1,271 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,915 | -€37,395 | -€20,480 | -121.1% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +50.0% |
| Profit (loss) for the period | 9904 | -€16,915 | -€37,395 | -€20,480 | -121.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,915 | -€37,395 | -€20,480 | -121.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.