Fréquence Modulée: 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.
Fréquence Modulée
Largest movements
- Cash -€3,117
down €3,117 (-27.5%), from €11,351 to €8,234
mainly Net result for the year (-€2,901) and Trade debts (-€747)
- Deferred charges and accrued income -€673
down €673 (-35.2%), from €1,910 to €1,237
- Receivables within one year +€491
up €491 (+39.3%), from €1,249 to €1,741
of which Trade receivables: +€532
- Profit (loss) carried forward -€2,901
down €2,901 (-11.3%), from -€25,580 to -€28,481
- Trade debts -€747
down €747 (-90.3%), from €827 to €80
- Other debts +€399
new in 2025: €399
- Gross operating margin +€6,252
up €6,252 (+84.8%), from -€7,376 to -€1,124
- Financial charges -€211
down €211 (-26.7%), from €788 to €577
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 | €14,510 | €11,212 | -€3,298 | -22.7% |
| Current assets | 29/58 | €14,510 | €11,212 | -€3,298 | -22.7% |
| Amounts receivable within one year | 40/41 | €1,249 | €1,741 | +€491 | +39.3% |
| Trade receivables | 40 | €1,157 | €1,689 | +€532 | +46.0% |
| Other amounts receivable | 41 | €92 | €51 | -€41 | -44.3% |
| Cash at bank and in hand | 54/58 | €11,351 | €8,234 | -€3,117 | -27.5% |
| Deferred charges and accrued income | 490/1 | €1,910 | €1,237 | -€673 | -35.2% |
| Total equity and liabilities | 10/49 | €14,510 | €11,212 | -€3,298 | -22.7% |
| Equity | 10/15 | €13,248 | €10,348 | -€2,901 | -21.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €35,828 | €35,828 | = | 0.0% |
| Distributable reserves | 133 | €35,828 | €35,828 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,580 | -€28,481 | -€2,901 | -11.3% |
| Amounts payable | 17/49 | €1,262 | €864 | -€398 | -31.5% |
| Amounts payable within one year | 42/48 | €1,262 | €864 | -€398 | -31.5% |
| Trade debts | 44 | €827 | €80 | -€747 | -90.3% |
| Suppliers | 440/4 | €827 | €80 | -€747 | -90.3% |
| Taxes, remuneration and social security | 45 | €435 | €384 | -€50 | -11.6% |
| Taxes | 450/3 | €435 | €384 | -€50 | -11.6% |
| Other amounts payable | 47/48 | - | €399 | +€399 | |
| Other operating charges | 640/8 | €981 | €1,005 | +€24 | +2.5% |
| Gross operating margin | 9900 | -€7,376 | -€1,124 | +€6,252 | +84.8% |
| Operating profit (loss) | 9901 | -€8,357 | -€2,130 | +€6,227 | +74.5% |
| Financial income | 75/76B | €4 | €5 | +€1 | +25.8% |
| Recurring financial income | 75 | €4 | €5 | +€1 | +25.8% |
| Financial charges | 65/66B | €788 | €577 | -€211 | -26.7% |
| Recurring financial charges | 65 | €788 | €577 | -€211 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | -€9,141 | -€2,702 | +€6,439 | +70.4% |
| Income taxes | 67/77 | €221 | €199 | -€22 | -10.0% |
| Profit (loss) for the period | 9904 | -€9,362 | -€2,901 | +€6,461 | +69.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,362 | -€2,901 | +€6,461 | +69.0% |
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 8 October 2026 via checked.be.