FREPON: 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.
FREPON
Largest movements
- Tangible fixed assets -€29,227
down €29,227 (-5.5%), from €531,977 to €502,749
- Cash -€21,941
down €21,941 (-53.1%), from €41,326 to €19,384
mainly Debts after one year (-€44,673) and Other debts (-€30,000)
- Debts after one year -€44,673
no longer reported in 2025 (was €44,673)
- Profit (loss) carried forward +€38,384
up €38,384 (+32.0%), from €119,793 to €158,177
- Other debts -€30,000
down €30,000 (-10.0%), from €299,143 to €269,143
- Current portion of long-term debt -€20,697
down €20,697 (-31.7%), from €65,370 to €44,673
- Financial charges -€1,773
down €1,773 (-39.8%), from €4,453 to €2,680
- Other operating charges +€1,735
up €1,735 (+29.3%), from €5,930 to €7,666
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 | €573,303 | €522,134 | -€51,169 | -8.9% |
| Fixed assets | 21/28 | €531,977 | €502,749 | -€29,227 | -5.5% |
| Tangible fixed assets | 22/27 | €531,977 | €502,749 | -€29,227 | -5.5% |
| Land and buildings | 22 | €531,977 | €502,749 | -€29,227 | -5.5% |
| Current assets | 29/58 | €41,326 | €19,384 | -€21,941 | -53.1% |
| Cash at bank and in hand | 54/58 | €41,326 | €19,384 | -€21,941 | -53.1% |
| Total equity and liabilities | 10/49 | €573,303 | €522,134 | -€51,169 | -8.9% |
| Equity | 10/15 | €140,253 | €178,637 | +€38,384 | +27.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,793 | €158,177 | +€38,384 | +32.0% |
| Amounts payable | 17/49 | €433,050 | €343,497 | -€89,553 | -20.7% |
| Amounts payable after more than one year | 17 | €44,673 | - | -€44,673 | |
| Financial debts | 170/4 | €44,673 | - | -€44,673 | |
| Amounts payable within one year | 42/48 | €388,376 | €343,497 | -€44,879 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €65,370 | €44,673 | -€20,697 | -31.7% |
| Trade debts | 44 | €1,259 | €1,416 | +€157 | +12.5% |
| Suppliers | 440/4 | €1,259 | €1,416 | +€157 | +12.5% |
| Taxes, remuneration and social security | 45 | €22,605 | €28,265 | +€5,660 | +25.0% |
| Taxes | 450/3 | €22,605 | €28,265 | +€5,660 | +25.0% |
| Other amounts payable | 47/48 | €299,143 | €269,143 | -€30,000 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,227 | €29,227 | = | 0.0% |
| Other operating charges | 640/8 | €5,930 | €7,666 | +€1,735 | +29.3% |
| Gross operating margin | 9900 | €92,059 | €91,873 | -€186 | -0.2% |
| Operating profit (loss) | 9901 | €56,901 | €54,980 | -€1,921 | -3.4% |
| Financial income | 75/76B | - | €57 | +€57 | |
| Recurring financial income | 75 | - | €57 | +€57 | |
| Financial charges | 65/66B | €4,453 | €2,680 | -€1,773 | -39.8% |
| Recurring financial charges | 65 | €4,453 | €2,680 | -€1,773 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €52,447 | €52,357 | -€91 | -0.2% |
| Income taxes | 67/77 | €14,292 | €13,973 | -€319 | -2.2% |
| Profit (loss) for the period | 9904 | €38,156 | €38,384 | +€228 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,156 | €38,384 | +€228 | +0.6% |
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 29 September 2026 via checked.be.