FRER: 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.
FRER
Largest movements
- Tangible fixed assets -€9,762
down €9,762 (-16.7%), from €58,396 to €48,634
of which Plant, machinery and equipment: -€6,844
- Receivables within one year +€3,150
up €3,150 (+7.1%), from €44,068 to €47,218
of which Trade receivables: +€2,847
- Financial fixed assets +€2,500
up €2,500 (+308.6%), from €810 to €3,310
- Debts after one year -€10,289
down €10,289 (-20.7%), from €49,703 to €39,414
- Other debts +€10,148
new in 2024: €10,148
- Current portion of long-term debt -€2,639
down €2,639 (-13.2%), from €20,000 to €17,361
- Staff costs +€35,314
up €35,314 (+17.1%), from €206,643 to €241,957
- Gross operating margin +€31,778
up €31,778 (+13.1%), from €242,613 to €274,391
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €217,008 | €215,195 | -€1,813 | -0.8% |
| Fixed assets | 21/28 | €59,206 | €51,944 | -€7,262 | -12.3% |
| Tangible fixed assets | 22/27 | €58,396 | €48,634 | -€9,762 | -16.7% |
| Land and buildings | 22 | €13,538 | €13,386 | -€152 | -1.1% |
| Plant, machinery and equipment | 23 | €28,537 | €21,693 | -€6,844 | -24.0% |
| Furniture and vehicles | 24 | €16,321 | €13,555 | -€2,766 | -16.9% |
| Financial fixed assets | 28 | €810 | €3,310 | +€2,500 | +308.6% |
| Current assets | 29/58 | €157,802 | €163,251 | +€5,449 | +3.5% |
| Stocks and contracts in progress | 3 | €68,645 | €69,363 | +€718 | +1.0% |
| Stocks | 30/36 | €68,645 | €69,363 | +€718 | +1.0% |
| Amounts receivable within one year | 40/41 | €44,068 | €47,218 | +€3,150 | +7.1% |
| Trade receivables | 40 | €13,989 | €16,836 | +€2,847 | +20.4% |
| Other amounts receivable | 41 | €30,079 | €30,382 | +€303 | +1.0% |
| Cash at bank and in hand | 54/58 | €40,885 | €41,574 | +€689 | +1.7% |
| Deferred charges and accrued income | 490/1 | €4,204 | €5,096 | +€892 | +21.2% |
| Total equity and liabilities | 10/49 | €217,008 | €215,195 | -€1,813 | -0.8% |
| Equity | 10/15 | €43,517 | €44,412 | +€895 | +2.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,066 | €23,961 | +€895 | +3.9% |
| Amounts payable | 17/49 | €173,491 | €170,783 | -€2,708 | -1.6% |
| Amounts payable after more than one year | 17 | €49,703 | €39,414 | -€10,289 | -20.7% |
| Financial debts | 170/4 | €49,703 | €39,414 | -€10,289 | -20.7% |
| Amounts payable within one year | 42/48 | €123,788 | €131,369 | +€7,581 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €17,361 | -€2,639 | -13.2% |
| Trade debts | 44 | €63,014 | €64,981 | +€1,967 | +3.1% |
| Suppliers | 440/4 | €63,014 | €64,981 | +€1,967 | +3.1% |
| Taxes, remuneration and social security | 45 | €40,774 | €38,879 | -€1,895 | -4.6% |
| Taxes | 450/3 | €21,354 | €18,534 | -€2,820 | -13.2% |
| Remuneration and social security | 454/9 | €19,420 | €20,345 | +€925 | +4.8% |
| Other amounts payable | 47/48 | - | €10,148 | +€10,148 | |
| Non-recurring operating income | 76A | - | €5,200 | +€5,200 | |
| Remuneration, social security and pensions | 62 | €206,643 | €241,957 | +€35,314 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,830 | €13,643 | +€1,813 | +15.3% |
| Other operating charges | 640/8 | €4,888 | €6,100 | +€1,212 | +24.8% |
| Gross operating margin | 9900 | €242,613 | €274,391 | +€31,778 | +13.1% |
| Operating profit (loss) | 9901 | €19,252 | €12,691 | -€6,561 | -34.1% |
| Financial income | 75/76B | €155 | €296 | +€141 | +91.0% |
| Recurring financial income | 75 | €155 | €296 | +€141 | +91.0% |
| Financial charges | 65/66B | €11,614 | €10,164 | -€1,450 | -12.5% |
| Recurring financial charges | 65 | €11,614 | €10,164 | -€1,450 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €7,793 | €2,823 | -€4,970 | -63.8% |
| Income taxes | 67/77 | - | €1,928 | +€1,928 | |
| Profit (loss) for the period | 9904 | €7,793 | €895 | -€6,898 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,793 | €895 | -€6,898 | -88.5% |
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 28 September 2026 via checked.be.