FREPIMON: 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.
FREPIMON
Largest movements
- Cash -€59,412
down €59,412 (-33.9%), from €175,083 to €115,672
mainly Net result for the year (-€55,012) and Current investments (-€51,440)
- Intangible fixed assets -€53,241
down €53,241 (-20.0%), from €266,205 to €212,964
- Current investments +€51,440
up €51,440 (+33.9%), from €151,686 to €203,125
- Reserves -€233,247
down €233,247 (-74.4%), from €313,596 to €80,349
of which Distributable reserves: -€233,247
- Profit (loss) carried forward +€178,235
up €178,235 (+41.2%), from -€432,662 to -€254,426
- Accrued charges and deferred income -€13,577
down €13,577 (-88.5%), from €15,338 to €1,760
- Gross operating margin +€23,795
up €23,795 (+284.1%), from €8,374 to €32,169
- Financial charges -€16,505
down €16,505, from €15,103 to -€1,402
- Depreciation -€5,291
down €5,291 (-7.4%), from €71,015 to €65,725
- Other operating charges +€783
up €783 (+14.8%), from €5,273 to €6,056
- Financial income -€777
down €777 (-19.8%), from €3,929 to €3,153
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 | €770,185 | €704,944 | -€65,241 | -8.5% |
| Fixed assets | 21/28 | €398,324 | €340,066 | -€58,258 | -14.6% |
| Intangible fixed assets | 21 | €266,205 | €212,964 | -€53,241 | -20.0% |
| Tangible fixed assets | 22/27 | €132,119 | €127,102 | -€5,017 | -3.8% |
| Land and buildings | 22 | €92,631 | €83,635 | -€8,996 | -9.7% |
| Plant, machinery and equipment | 23 | €6,563 | €5,675 | -€888 | -13.5% |
| Furniture and vehicles | 24 | €32,925 | €37,792 | +€4,867 | +14.8% |
| Current assets | 29/58 | €371,861 | €364,879 | -€6,983 | -1.9% |
| Amounts receivable within one year | 40/41 | €40,014 | €42,727 | +€2,713 | +6.8% |
| Trade receivables | 40 | €9,001 | €10,041 | +€1,040 | +11.5% |
| Other amounts receivable | 41 | €31,013 | €32,686 | +€1,673 | +5.4% |
| Current investments | 50/53 | €151,686 | €203,125 | +€51,440 | +33.9% |
| Cash at bank and in hand | 54/58 | €175,083 | €115,672 | -€59,412 | -33.9% |
| Deferred charges and accrued income | 490/1 | €5,078 | €3,355 | -€1,723 | -33.9% |
| Total equity and liabilities | 10/49 | €770,185 | €704,944 | -€65,241 | -8.5% |
| Equity | 10/15 | €551,783 | €496,770 | -€55,012 | -10.0% |
| Contributions | 10/11 | €670,848 | €670,848 | = | 0.0% |
| Capital | 10 | €670,848 | €670,848 | = | 0.0% |
| Issued capital | 100 | €670,848 | €670,848 | = | 0.0% |
| Reserves | 13 | €313,596 | €80,349 | -€233,247 | -74.4% |
| Non-distributable reserves | 130/1 | €13,264 | €13,264 | = | 0.0% |
| Legal reserve | 130 | €13,264 | €13,264 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,156 | €35,156 | = | 0.0% |
| Distributable reserves | 133 | €265,176 | €31,929 | -€233,247 | -88.0% |
| Profit (loss) carried forward | 14 | -€432,662 | -€254,426 | +€178,235 | +41.2% |
| Amounts payable | 17/49 | €218,402 | €208,174 | -€10,228 | -4.7% |
| Amounts payable within one year | 42/48 | €203,065 | €206,413 | +€3,349 | +1.6% |
| Trade debts | 44 | €2,545 | €7,272 | +€4,728 | +185.8% |
| Suppliers | 440/4 | €2,545 | €7,272 | +€4,728 | +185.8% |
| Taxes, remuneration and social security | 45 | €2,196 | €444 | -€1,752 | -79.8% |
| Taxes | 450/3 | €2,196 | €444 | -€1,752 | -79.8% |
| Other amounts payable | 47/48 | €198,323 | €198,697 | +€374 | +0.2% |
| Accrued charges and deferred income | 492/3 | €15,338 | €1,760 | -€13,577 | -88.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,015 | €65,725 | -€5,291 | -7.4% |
| Other operating charges | 640/8 | €5,273 | €6,056 | +€783 | +14.8% |
| Non-recurring operating charges | 66A | €81 | €19,824 | +€19,743 | +24344.2% |
| Gross operating margin | 9900 | €8,374 | €32,169 | +€23,795 | +284.1% |
| Operating profit (loss) | 9901 | -€67,996 | -€59,436 | +€8,559 | +12.6% |
| Financial income | 75/76B | €3,929 | €3,153 | -€777 | -19.8% |
| Recurring financial income | 75 | €3,929 | €3,153 | -€777 | -19.8% |
| Financial charges | 65/66B | €15,103 | -€1,402 | -€16,505 | |
| Recurring financial charges | 65 | €15,103 | -€1,402 | -€16,505 | |
| Profit (loss) for the period before taxes | 9903 | -€79,169 | -€54,882 | +€24,287 | +30.7% |
| Income taxes | 67/77 | €134 | €130 | -€3 | -2.4% |
| Profit (loss) for the period | 9904 | -€79,303 | -€55,012 | +€24,290 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,303 | -€55,012 | +€24,290 | +30.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.