FREPINELJO: 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.
What changed
FREPINELJO
NACE 55.100, Hotels and similar accommodation
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€128,422
2023 · -€63,746-€64,676
Equity
-€93,268
2023 · €35,155-€128,422
Cash
€101,010
2023 · €74,831+€26,179
Balance sheet total
€4.4m
2023 · €4.7m-€249,509
Largest movements
Assets
- Deferred charges and accrued income -€202,844
no longer reported in 2024 (was €202,844)
- Tangible fixed assets -€64,177
down €64,177 (-1.5%), from €4.4m to €4.3m
of which Land and buildings: -€55,752
Equity and liabilities
- Profit (loss) carried forward -€124,462
down €124,462 (-134.6%), from -€92,458 to -€216,920
- Debts after one year -€102,256
down €102,256 (-2.3%), from €4.5m to €4.4m
of which Financial debts: -€74,547
Income statement
- Gross operating margin -€36,123
down €36,123 (-11.9%), from €304,435 to €268,312
- Staff costs +€29,400
up €29,400 (+31.8%), from €92,442 to €121,841
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.
Result 2023
-€63,746
Gross operating margin
-€36,123
Staff costs
-€29,400
Depreciation
-€1,917
Other operating charges
+€776
Financial charges
+€1,988
Result 2024
-€128,422
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.
From operations
+€347,627
Investment
-€192,029
Financing
-€129,419
Cash 2023
€74,831
From operations (derived)
+€347,627
Net result for the year
-€128,422
Depreciation
+€256,206
Stocks and contracts
-€6,324
Receivables within one year
+€14,990
Deferred charges and accrued income
+€202,844
Provisions
-€1,015
Trade debts
+€1,034
Tax, wage and social debts
+€3,101
Accrued charges and deferred income
+€5,213
Investment (derived)
-€192,029
Investment in fixed assets (net)
-€192,029
Financing
-€129,419
Debts after one year
-€102,256
Current portion of long-term debt
-€27,163
Cash 2024
€101,010
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,686,761 | €4,437,252 | -€249,509 | -5.3% |
| Fixed assets | 21/28 | €4,383,738 | €4,319,561 | -€64,177 | -1.5% |
| Tangible fixed assets | 22/27 | €4,383,738 | €4,319,561 | -€64,177 | -1.5% |
| Land and buildings | 22 | €4,361,514 | €4,305,761 | -€55,752 | -1.3% |
| Plant, machinery and equipment | 23 | €9,516 | €8,692 | -€825 | -8.7% |
| Furniture and vehicles | 24 | €12,708 | €5,108 | -€7,600 | -59.8% |
| Current assets | 29/58 | €303,023 | €117,691 | -€185,332 | -61.2% |
| Stocks and contracts in progress | 3 | €4,382 | €10,706 | +€6,324 | +144.3% |
| Stocks | 30/36 | €4,382 | €10,706 | +€6,324 | +144.3% |
| Amounts receivable within one year | 40/41 | €20,966 | €5,975 | -€14,990 | -71.5% |
| Trade receivables | 40 | €8,533 | €3,588 | -€4,945 | -58.0% |
| Other amounts receivable | 41 | €12,433 | €2,387 | -€10,045 | -80.8% |
| Cash at bank and in hand | 54/58 | €74,831 | €101,010 | +€26,179 | +35.0% |
| Deferred charges and accrued income | 490/1 | €202,844 | - | -€202,844 | |
| Total equity and liabilities | 10/49 | €4,686,761 | €4,437,252 | -€249,509 | -5.3% |
| Equity | 10/15 | €35,155 | -€93,268 | -€128,422 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €65,613 | €61,652 | -€3,961 | -6.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,413 | €55,452 | -€3,961 | -6.7% |
| Profit (loss) carried forward | 14 | -€92,458 | -€216,920 | -€124,462 | -134.6% |
| Provisions and deferred taxes | 16 | €15,226 | €14,211 | -€1,015 | -6.7% |
| Deferred taxes | 168 | €15,226 | €14,211 | -€1,015 | -6.7% |
| Amounts payable | 17/49 | €4,636,380 | €4,516,309 | -€120,071 | -2.6% |
| Amounts payable after more than one year | 17 | €4,533,983 | €4,431,727 | -€102,256 | -2.3% |
| Financial debts | 170/4 | €976,566 | €902,019 | -€74,547 | -7.6% |
| Other amounts payable | 178/9 | €3,557,417 | €3,529,708 | -€27,709 | -0.8% |
| Amounts payable within one year | 42/48 | €102,397 | €79,369 | -€23,029 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €101,710 | €74,547 | -€27,163 | -26.7% |
| Trade debts | 44 | €687 | €1,721 | +€1,034 | +150.3% |
| Suppliers | 440/4 | €687 | €1,721 | +€1,034 | +150.3% |
| Taxes, remuneration and social security | 45 | - | €3,101 | +€3,101 | |
| Remuneration and social security | 454/9 | - | €3,101 | +€3,101 | |
| Accrued charges and deferred income | 492/3 | - | €5,213 | +€5,213 | |
| Remuneration, social security and pensions | 62 | €92,442 | €121,841 | +€29,400 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254,288 | €256,206 | +€1,917 | +0.8% |
| Other operating charges | 640/8 | €2,005 | €1,229 | -€776 | -38.7% |
| Gross operating margin | 9900 | €304,435 | €268,312 | -€36,123 | -11.9% |
| Operating profit (loss) | 9901 | -€44,300 | -€110,964 | -€66,664 | -150.5% |
| Financial charges | 65/66B | €20,462 | €18,473 | -€1,988 | -9.7% |
| Recurring financial charges | 65 | €20,462 | €18,473 | -€1,988 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€64,761 | -€129,438 | -€64,676 | -99.9% |
| Transfer from deferred taxes | 780 | €1,015 | €1,015 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€63,746 | -€128,422 | -€64,676 | -101.5% |
| Transfer from tax-exempt reserves | 789 | €3,961 | €3,961 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,785 | -€124,462 | -€64,676 | -108.2% |
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 30 September 2026 via checked.be.