FREPOTRA: what changed
Two financial 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
FREPOTRA
NACE 49.410, Freight transport by road
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€1,897
2025 · €75,159-€77,056
Equity
€237,052
2025 · €238,949-€1,897
Cash
€9,190
2025 · €9,166+€24
Balance sheet total
€634,148
2025 · €711,269-€77,121
Largest movements
Assets
- Tangible fixed assets -€53,614
down €53,614 (-8.5%), from €633,690 to €580,077
of which Land and buildings: -€34,668
- Receivables within one year -€21,176
down €21,176 (-34.6%), from €61,250 to €40,074
of which Other amounts receivable: -€18,340
Equity and liabilities
- Debts after one year -€56,999
down €56,999 (-18.6%), from €306,083 to €249,085
- Current portion of long-term debt -€13,090
down €13,090 (-14.0%), from €93,714 to €80,624
Income statement
- Gross operating margin -€65,332
down €65,332 (-38.6%), from €169,416 to €104,084
- Depreciation +€32,107
up €32,107 (+68.4%), from €46,908 to €79,015
- Taxes -€9,322
down €9,322 (-76.7%), from €12,153 to €2,831
- Financial charges +€2,658
up €2,658 (+24.2%), from €11,000 to €13,658
From the 2025 result to the 2026 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 2025
€75,159
Gross operating margin
-€65,332
Depreciation
-€32,107
Other operating charges
-€139
Financial income
+€110
Financial charges
-€2,658
Taxes
+€9,322
Deferred taxes and other
+€13,749
Result 2026
-€1,897
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€93,977
Investment
-€25,402
Financing
-€68,551
Cash 2025
€9,166
From operations (derived)
+€93,977
Net result for the year
-€1,897
Depreciation
+€79,015
Receivables within one year
+€21,176
Deferred charges and accrued income
+€2,356
Provisions
-€2,375
Trade debts
+€3,890
Tax, wage and social debts
-€5,108
Other debts
-€3,080
Investment (derived)
-€25,402
Investment in fixed assets (net)
-€25,402
Financing
-€68,551
Debts after one year
-€56,999
Current portion of long-term debt
-€13,090
Short-term financial debts
+€1,538
Cash 2026
€9,190
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €711,269 | €634,148 | -€77,121 | -10.8% |
| Fixed assets | 21/28 | €633,825 | €580,212 | -€53,614 | -8.5% |
| Tangible fixed assets | 22/27 | €633,690 | €580,077 | -€53,614 | -8.5% |
| Land and buildings | 22 | €430,731 | €396,063 | -€34,668 | -8.0% |
| Furniture and vehicles | 24 | €202,959 | €184,013 | -€18,945 | -9.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €77,444 | €53,937 | -€23,508 | -30.4% |
| Amounts receivable within one year | 40/41 | €61,250 | €40,074 | -€21,176 | -34.6% |
| Trade receivables | 40 | €42,910 | €40,074 | -€2,836 | -6.6% |
| Other amounts receivable | 41 | €18,340 | €0 | -€18,340 | -100% |
| Cash at bank and in hand | 54/58 | €9,166 | €9,190 | +€24 | +0.3% |
| Deferred charges and accrued income | 490/1 | €7,029 | €4,672 | -€2,356 | -33.5% |
| Total equity and liabilities | 10/49 | €711,269 | €634,148 | -€77,121 | -10.8% |
| Equity | 10/15 | €238,949 | €237,052 | -€1,897 | -0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €218,949 | €217,052 | -€1,897 | -0.9% |
| Tax-exempt reserves | 132 | €48,372 | €41,247 | -€7,125 | -14.7% |
| Distributable reserves | 133 | €170,577 | €175,805 | +€5,228 | +3.1% |
| Provisions and deferred taxes | 16 | €11,374 | €8,999 | -€2,375 | -20.9% |
| Deferred taxes | 168 | €11,374 | €8,999 | -€2,375 | -20.9% |
| Amounts payable | 17/49 | €460,946 | €388,097 | -€72,849 | -15.8% |
| Amounts payable after more than one year | 17 | €306,083 | €249,085 | -€56,999 | -18.6% |
| Financial debts | 170/4 | €306,083 | €249,085 | -€56,999 | -18.6% |
| Amounts payable within one year | 42/48 | €154,863 | €139,012 | -€15,850 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €93,714 | €80,624 | -€13,090 | -14.0% |
| Financial debts | 43 | €26,908 | €28,446 | +€1,538 | +5.7% |
| Credit institutions | 430/8 | €26,908 | €28,446 | +€1,538 | +5.7% |
| Trade debts | 44 | €14,556 | €18,446 | +€3,890 | +26.7% |
| Suppliers | 440/4 | €14,556 | €18,446 | +€3,890 | +26.7% |
| Taxes, remuneration and social security | 45 | €14,992 | €9,884 | -€5,108 | -34.1% |
| Taxes | 450/3 | €14,992 | €9,884 | -€5,108 | -34.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,693 | €1,613 | -€3,080 | -65.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,908 | €79,015 | +€32,107 | +68.4% |
| Other operating charges | 640/8 | €12,823 | €12,962 | +€139 | +1.1% |
| Gross operating margin | 9900 | €169,416 | €104,084 | -€65,332 | -38.6% |
| Operating profit (loss) | 9901 | €109,685 | €12,106 | -€97,579 | -89.0% |
| Financial income | 75/76B | €1 | €111 | +€110 | +10,055% |
| Recurring financial income | 75 | €1 | €111 | +€110 | +10,055% |
| Financial charges | 65/66B | €11,000 | €13,658 | +€2,658 | +24.2% |
| Recurring financial charges | 65 | €11,000 | €13,658 | +€2,658 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €98,686 | -€1,441 | -€100,127 | |
| Transfer from deferred taxes | 780 | €501 | €2,375 | +€1,874 | +374% |
| Transfer to deferred taxes | 680 | €11,875 | €0 | -€11,875 | -100% |
| Income taxes | 67/77 | €12,153 | €2,831 | -€9,322 | -76.7% |
| Profit (loss) for the period | 9904 | €75,159 | -€1,897 | -€77,056 | |
| Transfer from tax-exempt reserves | 789 | €1,503 | €7,125 | +€5,622 | +374% |
| Transfer to tax-exempt reserves | 689 | €35,625 | €0 | -€35,625 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €41,037 | €5,228 | -€35,809 | -87.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.