FREPADAK: 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.
FREPADAK
Largest movements
- Receivables within one year -€16,847
down €16,847 (-58.8%), from €28,675 to €11,828
of which Trade receivables: -€13,446
- Tangible fixed assets +€9,968
up €9,968 (+271.7%), from €3,668 to €13,636
of which Furniture and vehicles: +€10,434
- Cash +€5,947
up €5,947 (+121.8%), from €4,882 to €10,829
mainly Receivables within one year (+€16,847) and Debts after one year (+€5,070)
- Stocks and contracts -€3,495
down €3,495 (-49.9%), from €7,004 to €3,509
- Trade debts -€5,497
down €5,497 (-90.4%), from €6,084 to €587
- Debts after one year +€5,070
new in 2025: €5,070
- Other debts -€5,038
no longer reported in 2025 (was €5,038)
- Current portion of long-term debt +€4,526
new in 2025: €4,526
- Tax, wage and social debts -€3,325
down €3,325 (-91.6%), from €3,629 to €304
of which Remuneration and social security: -€3,629
- Gross operating margin +€11,532
up €11,532, from -€2,948 to €8,583
- Other operating charges +€4,797
up €4,797 (+468.7%), from €1,023 to €5,821
- Staff costs -€4,462
down €4,462 (-87.6%), from €5,094 to €632
- Financial income -€1,547
down €1,547 (-68.3%), from €2,264 to €718
- Depreciation +€1,166
up €1,166 (+116.9%), from €998 to €2,164
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 | €44,229 | €39,802 | -€4,427 | -10.0% |
| Fixed assets | 21/28 | €3,668 | €13,636 | +€9,968 | +271.7% |
| Tangible fixed assets | 22/27 | €3,668 | €13,636 | +€9,968 | +271.7% |
| Plant, machinery and equipment | 23 | €2,018 | €1,552 | -€466 | -23.1% |
| Furniture and vehicles | 24 | €1,651 | €12,084 | +€10,434 | +632.1% |
| Current assets | 29/58 | €40,561 | €26,165 | -€14,396 | -35.5% |
| Stocks and contracts in progress | 3 | €7,004 | €3,509 | -€3,495 | -49.9% |
| Stocks | 30/36 | €7,004 | €3,509 | -€3,495 | -49.9% |
| Amounts receivable within one year | 40/41 | €28,675 | €11,828 | -€16,847 | -58.8% |
| Trade receivables | 40 | €18,561 | €5,116 | -€13,446 | -72.4% |
| Other amounts receivable | 41 | €10,113 | €6,712 | -€3,401 | -33.6% |
| Cash at bank and in hand | 54/58 | €4,882 | €10,829 | +€5,947 | +121.8% |
| Total equity and liabilities | 10/49 | €44,229 | €39,802 | -€4,427 | -10.0% |
| Equity | 10/15 | €29,478 | €29,315 | -€164 | -0.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €17,381 | €17,381 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,381 | €2,381 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,381 | €2,381 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,098 | €1,934 | -€164 | -7.8% |
| Amounts payable | 17/49 | €14,751 | €10,487 | -€4,264 | -28.9% |
| Amounts payable after more than one year | 17 | - | €5,070 | +€5,070 | |
| Financial debts | 170/4 | - | €5,070 | +€5,070 | |
| Amounts payable within one year | 42/48 | €14,751 | €5,417 | -€9,333 | -63.3% |
| Current portion of amounts payable after more than one year | 42 | - | €4,526 | +€4,526 | |
| Trade debts | 44 | €6,084 | €587 | -€5,497 | -90.4% |
| Suppliers | 440/4 | €6,084 | €587 | -€5,497 | -90.4% |
| Taxes, remuneration and social security | 45 | €3,629 | €304 | -€3,325 | -91.6% |
| Taxes | 450/3 | - | €304 | +€304 | |
| Remuneration and social security | 454/9 | €3,629 | - | -€3,629 | |
| Other amounts payable | 47/48 | €5,038 | - | -€5,038 | |
| Remuneration, social security and pensions | 62 | €5,094 | €632 | -€4,462 | -87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €998 | €2,164 | +€1,166 | +116.9% |
| Other operating charges | 640/8 | €1,023 | €5,821 | +€4,797 | +468.7% |
| Gross operating margin | 9900 | -€2,948 | €8,583 | +€11,532 | |
| Operating profit (loss) | 9901 | -€10,064 | -€34 | +€10,030 | +99.7% |
| Financial income | 75/76B | €2,264 | €718 | -€1,547 | -68.3% |
| Recurring financial income | 75 | €2,264 | €718 | -€1,547 | -68.3% |
| Financial charges | 65/66B | €387 | €544 | +€156 | +40.4% |
| Recurring financial charges | 65 | €387 | €544 | +€156 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,187 | €140 | +€8,327 | |
| Income taxes | 67/77 | - | €304 | +€304 | |
| Profit (loss) for the period | 9904 | -€8,187 | -€164 | +€8,023 | +98.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,187 | -€164 | +€8,023 | +98.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.