FREROBOIS: 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.
FREROBOIS
Largest movements
- Tangible fixed assets +€27,412
up €27,412 (+215.8%), from €12,701 to €40,113
- Cash -€5,065
down €5,065 (-29.3%), from €17,289 to €12,223
mainly Investment in fixed assets (net) (-€37,021) and Net result for the year (-€4,681)
- Stocks and contracts +€1,499
up €1,499 (+599.4%), from €250 to €1,749
- Receivables within one year +€1,442
up €1,442 (+36.6%), from €3,937 to €5,379
of which Other amounts receivable: +€842
- Other debts +€17,129
up €17,129 (+5681.7%), from €301 to €17,430
- Debts after one year +€9,589
new in 2025: €9,589
- Profit (loss) carried forward -€4,063
down €4,063 (-80.8%), from €5,032 to €969
- Tax, wage and social debts +€1,738
up €1,738 (+2772.1%), from €63 to €1,801
of which Taxes: +€1,073
- Current portion of long-term debt +€1,079
up €1,079 (+42.2%), from €2,556 to €3,635
- Gross operating margin +€19,282
up €19,282, from -€9,445 to €9,837
- Depreciation -€1,810
down €1,810 (-15.9%), from €11,419 to €9,609
- Other operating charges +€1,678
up €1,678 (+109.8%), from €1,528 to €3,206
- Financial charges +€967
up €967 (+274.7%), from €352 to €1,319
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 | €34,177 | €59,464 | +€25,286 | +74.0% |
| Fixed assets | 21/28 | €12,701 | €40,113 | +€27,412 | +215.8% |
| Tangible fixed assets | 22/27 | €12,701 | €40,113 | +€27,412 | +215.8% |
| Furniture and vehicles | 24 | €12,701 | €40,113 | +€27,412 | +215.8% |
| Current assets | 29/58 | €21,476 | €19,351 | -€2,125 | -9.9% |
| Stocks and contracts in progress | 3 | €250 | €1,749 | +€1,499 | +599.4% |
| Stocks | 30/36 | €250 | €1,749 | +€1,499 | +599.4% |
| Amounts receivable within one year | 40/41 | €3,937 | €5,379 | +€1,442 | +36.6% |
| Trade receivables | 40 | €3,937 | €4,537 | +€600 | +15.2% |
| Other amounts receivable | 41 | - | €842 | +€842 | |
| Cash at bank and in hand | 54/58 | €17,289 | €12,223 | -€5,065 | -29.3% |
| Total equity and liabilities | 10/49 | €34,177 | €59,464 | +€25,286 | +74.0% |
| Equity | 10/15 | €26,745 | €22,064 | -€4,681 | -17.5% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €1,262 | €645 | -€618 | -48.9% |
| Tax-exempt reserves | 132 | €1,262 | €645 | -€618 | -48.9% |
| Profit (loss) carried forward | 14 | €5,032 | €969 | -€4,063 | -80.8% |
| Provisions and deferred taxes | 16 | €421 | €215 | -€206 | -48.9% |
| Deferred taxes | 168 | €421 | €215 | -€206 | -48.9% |
| Amounts payable | 17/49 | €7,011 | €37,184 | +€30,173 | +430.4% |
| Amounts payable after more than one year | 17 | - | €9,589 | +€9,589 | |
| Financial debts | 170/4 | - | €9,589 | +€9,589 | |
| Amounts payable within one year | 42/48 | €5,744 | €25,509 | +€19,765 | +344.1% |
| Current portion of amounts payable after more than one year | 42 | €2,556 | €3,635 | +€1,079 | +42.2% |
| Trade debts | 44 | €2,824 | €2,643 | -€181 | -6.4% |
| Suppliers | 440/4 | €2,824 | €2,643 | -€181 | -6.4% |
| Taxes, remuneration and social security | 45 | €63 | €1,801 | +€1,738 | +2772.1% |
| Taxes | 450/3 | €63 | €1,136 | +€1,073 | +1711.3% |
| Remuneration and social security | 454/9 | - | €665 | +€665 | |
| Other amounts payable | 47/48 | €301 | €17,430 | +€17,129 | +5681.7% |
| Accrued charges and deferred income | 492/3 | €1,267 | €2,087 | +€819 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,419 | €9,609 | -€1,810 | -15.9% |
| Other operating charges | 640/8 | €1,528 | €3,206 | +€1,678 | +109.8% |
| Gross operating margin | 9900 | -€9,445 | €9,837 | +€19,282 | |
| Operating profit (loss) | 9901 | -€22,392 | -€2,978 | +€19,414 | +86.7% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €352 | €1,319 | +€967 | +274.7% |
| Recurring financial charges | 65 | €352 | €1,319 | +€967 | +274.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,744 | -€4,293 | +€18,451 | +81.1% |
| Transfer from deferred taxes | 780 | €206 | €206 | = | 0.0% |
| Income taxes | 67/77 | €542 | €594 | +€52 | +9.6% |
| Profit (loss) for the period | 9904 | -€23,080 | -€4,681 | +€18,399 | +79.7% |
| Transfer from tax-exempt reserves | 789 | €618 | €618 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,462 | -€4,063 | +€18,399 | +81.9% |
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 12 October 2026 via checked.be.