FRERES SCHUL: 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 SCHUL
Largest movements
- Cash -€6,415
down €6,415 (-6.4%), from €100,453 to €94,038
mainly Current portion of long-term debt (-€8,453) and Investment in fixed assets (net) (-€4,596)
- Receivables within one year +€4,029
up €4,029 (+31.6%), from €12,741 to €16,770
of which Trade receivables: +€12,590
- Stocks and contracts -€2,421
down €2,421 (-74.6%), from €3,247 to €826
- Tangible fixed assets -€2,224
down €2,224 (-11.8%), from €18,892 to €16,668
of which Furniture and vehicles: -€4,321
- Current portion of long-term debt -€8,453
down €8,453 (-83.2%), from €10,154 to €1,702
- Profit (loss) carried forward -€4,267
down €4,267 (-6.6%), from €64,721 to €60,454
- Other debts +€2,747
up €2,747 (+982%), from €280 to €3,027
- Tax, wage and social debts +€2,697
up €2,697 (+87.5%), from €3,083 to €5,780
of which Remuneration and social security: +€2,220
- Debts after one year -€1,702
no longer reported in 2024 (was €1,702)
- Depreciation -€9,846
down €9,846 (-59.1%), from €16,666 to €6,820
- Gross operating margin +€5,444
up €5,444 (+751%), from €725 to €6,169
- Other operating charges -€3,793
down €3,793 (-81.5%), from €4,652 to €859
- Financial charges +€1,932
up €1,932 (+548%), from €352 to €2,284
- Taxes +€461
up €461 (+2,895%), from €16 to €477
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.
Derived cash bridge
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 | €138,050 | €130,587 | -€7,463 | -5.4% |
| Fixed assets | 21/28 | €19,239 | €17,015 | -€2,224 | -11.6% |
| Tangible fixed assets | 22/27 | €18,892 | €16,668 | -€2,224 | -11.8% |
| Plant, machinery and equipment | 23 | €5,637 | €7,735 | +€2,097 | +37.2% |
| Furniture and vehicles | 24 | €13,254 | €8,933 | -€4,321 | -32.6% |
| Financial fixed assets | 28 | €347 | €347 | = | 0.0% |
| Current assets | 29/58 | €118,811 | €113,571 | -€5,239 | -4.4% |
| Stocks and contracts in progress | 3 | €3,247 | €826 | -€2,421 | -74.6% |
| Stocks | 30/36 | €3,247 | €826 | -€2,421 | -74.6% |
| Amounts receivable within one year | 40/41 | €12,741 | €16,770 | +€4,029 | +31.6% |
| Trade receivables | 40 | €1,738 | €14,329 | +€12,590 | +724% |
| Other amounts receivable | 41 | €11,003 | €2,442 | -€8,561 | -77.8% |
| Cash at bank and in hand | 54/58 | €100,453 | €94,038 | -€6,415 | -6.4% |
| Deferred charges and accrued income | 490/1 | €2,370 | €1,938 | -€432 | -18.2% |
| Total equity and liabilities | 10/49 | €138,050 | €130,587 | -€7,463 | -5.4% |
| Equity | 10/15 | €119,018 | €114,751 | -€4,267 | -3.6% |
| Contributions | 10/11 | €26,000 | €26,000 | = | 0.0% |
| Reserves | 13 | €28,297 | €28,297 | = | 0.0% |
| Distributable reserves | 133 | €28,297 | €28,297 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,721 | €60,454 | -€4,267 | -6.6% |
| Amounts payable | 17/49 | €19,032 | €15,836 | -€3,196 | -16.8% |
| Amounts payable after more than one year | 17 | €1,702 | - | -€1,702 | |
| Financial debts | 170/4 | €1,702 | - | -€1,702 | |
| Amounts payable within one year | 42/48 | €17,330 | €15,836 | -€1,494 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €10,154 | €1,702 | -€8,453 | -83.2% |
| Trade debts | 44 | €3,813 | €5,327 | +€1,515 | +39.7% |
| Suppliers | 440/4 | €3,813 | €5,327 | +€1,515 | +39.7% |
| Taxes, remuneration and social security | 45 | €3,083 | €5,780 | +€2,697 | +87.5% |
| Taxes | 450/3 | €3,083 | €3,560 | +€477 | +15.5% |
| Remuneration and social security | 454/9 | - | €2,220 | +€2,220 | |
| Other amounts payable | 47/48 | €280 | €3,027 | +€2,747 | +982% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,666 | €6,820 | -€9,846 | -59.1% |
| Other operating charges | 640/8 | €4,652 | €859 | -€3,793 | -81.5% |
| Gross operating margin | 9900 | €725 | €6,169 | +€5,444 | +751% |
| Operating profit (loss) | 9901 | -€20,593 | -€1,509 | +€19,084 | +92.7% |
| Financial income | 75/76B | €6 | €3 | -€3 | -51.9% |
| Recurring financial income | 75 | €6 | €3 | -€3 | -51.9% |
| Financial charges | 65/66B | €352 | €2,284 | +€1,932 | +548% |
| Recurring financial charges | 65 | €352 | €2,284 | +€1,932 | +548% |
| Profit (loss) for the period before taxes | 9903 | -€20,939 | -€3,790 | +€17,149 | +81.9% |
| Income taxes | 67/77 | €16 | €477 | +€461 | +2,895% |
| Profit (loss) for the period | 9904 | -€20,955 | -€4,267 | +€16,688 | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,955 | -€4,267 | +€16,688 | +79.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.