FRERES & Cie: 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.
FRERES & Cie
Largest movements
- Receivables within one year +€3,949
up €3,949 (+29.2%), from €13,518 to €17,467
of which Other amounts receivable: +€4,157
- Cash +€3,074
up €3,074 (+42.8%), from €7,189 to €10,263
mainly Tax, wage and social debts (+€4,910) and Depreciation (+€1,435)
- Deferred charges and accrued income -€1,220
down €1,220 (-98.4%), from €1,240 to €20
- Tangible fixed assets -€879
down €879 (-18.1%), from €4,867 to €3,988
of which Furniture and vehicles: -€453
- Tax, wage and social debts +€4,910
up €4,910 (+186%), from €2,634 to €7,545
- Trade debts +€517
up €517 (+8.9%), from €5,793 to €6,310
- Profit (loss) carried forward -€503
down €503 (-0.8%), from -€63,229 to -€63,732
- Gross operating margin -€12,041
down €12,041 (-83.4%), from €14,430 to €2,389
- Taxes -€1,240
down €1,240 (-74.8%), from €1,658 to €418
- Depreciation +€853
up €853 (+147%), from €581 to €1,435
- Other operating charges +€272
up €272 (+154%), from €176 to €448
- Financial charges -€179
down €179 (-25.8%), from €691 to €513
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.
Derived cash bridge
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 | €26,814 | €31,739 | +€4,924 | +18.4% |
| Fixed assets | 21/28 | €4,867 | €3,988 | -€879 | -18.1% |
| Tangible fixed assets | 22/27 | €4,867 | €3,988 | -€879 | -18.1% |
| Plant, machinery and equipment | 23 | €1,924 | €1,499 | -€426 | -22.1% |
| Furniture and vehicles | 24 | €2,943 | €2,490 | -€453 | -15.4% |
| Current assets | 29/58 | €21,947 | €27,750 | +€5,803 | +26.4% |
| Amounts receivable within one year | 40/41 | €13,518 | €17,467 | +€3,949 | +29.2% |
| Trade receivables | 40 | €9,208 | €9,001 | -€207 | -2.3% |
| Other amounts receivable | 41 | €4,310 | €8,466 | +€4,157 | +96.4% |
| Cash at bank and in hand | 54/58 | €7,189 | €10,263 | +€3,074 | +42.8% |
| Deferred charges and accrued income | 490/1 | €1,240 | €20 | -€1,220 | -98.4% |
| Total equity and liabilities | 10/49 | €26,814 | €31,739 | +€4,924 | +18.4% |
| Equity | 10/15 | €5,528 | €5,025 | -€503 | -9.1% |
| Contributions | 10/11 | €68,756 | €68,756 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€63,229 | -€63,732 | -€503 | -0.8% |
| Amounts payable | 17/49 | €21,287 | €26,714 | +€5,427 | +25.5% |
| Amounts payable within one year | 42/48 | €21,287 | €26,714 | +€5,427 | +25.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,793 | €6,310 | +€517 | +8.9% |
| Suppliers | 440/4 | €5,793 | €6,310 | +€517 | +8.9% |
| Taxes, remuneration and social security | 45 | €2,634 | €7,545 | +€4,910 | +186% |
| Taxes | 450/3 | €2,634 | €7,545 | +€4,910 | +186% |
| Other amounts payable | 47/48 | €12,860 | €12,860 | = | 0.0% |
| Non-recurring operating income | 76A | - | €217 | +€217 | |
| Remuneration, social security and pensions | 62 | €148 | €79 | -€69 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581 | €1,435 | +€853 | +147% |
| Other operating charges | 640/8 | €176 | €448 | +€272 | +154% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €14,430 | €2,389 | -€12,041 | -83.4% |
| Operating profit (loss) | 9901 | €13,524 | €428 | -€13,096 | -96.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €691 | €513 | -€179 | -25.8% |
| Recurring financial charges | 65 | €691 | €513 | -€179 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €12,833 | -€85 | -€12,917 | |
| Income taxes | 67/77 | €1,658 | €418 | -€1,240 | -74.8% |
| Profit (loss) for the period | 9904 | €11,174 | -€503 | -€11,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,174 | -€503 | -€11,677 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.