FREROPTIC: 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.
FREROPTIC
Largest movements
- Receivables within one year +€20,900
up €20,900 (+7.8%), from €266,377 to €287,277
of which Other amounts receivable: +€19,439
- Tangible fixed assets +€16,285
up €16,285 (+40.7%), from €39,964 to €56,249
of which Plant, machinery and equipment: +€26,293
- Stocks and contracts +€13,829
up €13,829 (+28.5%), from €48,540 to €62,370
- Cash +€10,019
up €10,019 (+17.5%), from €57,414 to €67,433
mainly Debts after one year (+€56,706) and Current portion of long-term debt (+€19,721)
- Debts after one year +€56,706
up €56,706 (+156.3%), from €36,286 to €92,992
- Current portion of long-term debt +€19,721
up €19,721 (+129.2%), from €15,264 to €34,985
- Tax, wage and social debts -€13,226
down €13,226 (-25.5%), from €51,891 to €38,665
of which Taxes: -€14,230
- Trade debts +€7,675
up €7,675 (+12.2%), from €63,169 to €70,844
- Gross operating margin -€45,500
down €45,500 (-31.6%), from €144,089 to €98,589
- Taxes -€10,491
down €10,491 (-40.6%), from €25,850 to €15,358
- Financial income +€4,809
up €4,809 (+131.6%), from €3,654 to €8,463
- Depreciation +€2,237
up €2,237 (+22.3%), from €10,009 to €12,245
- Financial charges +€2,226
up €2,226 (+54.6%), from €4,073 to €6,299
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 | €413,285 | €477,585 | +€64,300 | +15.6% |
| Fixed assets | 21/28 | €40,164 | €56,449 | +€16,285 | +40.5% |
| Tangible fixed assets | 22/27 | €39,964 | €56,249 | +€16,285 | +40.7% |
| Plant, machinery and equipment | 23 | - | €26,293 | +€26,293 | |
| Other tangible fixed assets | 26 | €39,964 | €29,955 | -€10,009 | -25.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €373,121 | €421,137 | +€48,016 | +12.9% |
| Stocks and contracts in progress | 3 | €48,540 | €62,370 | +€13,829 | +28.5% |
| Stocks | 30/36 | €48,540 | €62,370 | +€13,829 | +28.5% |
| Amounts receivable within one year | 40/41 | €266,377 | €287,277 | +€20,900 | +7.8% |
| Trade receivables | 40 | €1,556 | €3,017 | +€1,461 | +93.9% |
| Other amounts receivable | 41 | €264,821 | €284,260 | +€19,439 | +7.3% |
| Cash at bank and in hand | 54/58 | €57,414 | €67,433 | +€10,019 | +17.5% |
| Deferred charges and accrued income | 490/1 | €790 | €4,058 | +€3,267 | +413.5% |
| Total equity and liabilities | 10/49 | €413,285 | €477,585 | +€64,300 | +15.6% |
| Equity | 10/15 | €183,308 | €183,531 | +€223 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,848 | €163,071 | +€223 | +0.1% |
| Amounts payable | 17/49 | €229,977 | €294,054 | +€64,077 | +27.9% |
| Amounts payable after more than one year | 17 | €36,286 | €92,992 | +€56,706 | +156.3% |
| Financial debts | 170/4 | €36,286 | €92,992 | +€56,706 | +156.3% |
| Amounts payable within one year | 42/48 | €193,504 | €201,061 | +€7,557 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €15,264 | €34,985 | +€19,721 | +129.2% |
| Financial debts | 43 | €2,163 | - | -€2,163 | |
| Credit institutions | 430/8 | €2,163 | - | -€2,163 | |
| Trade debts | 44 | €63,169 | €70,844 | +€7,675 | +12.2% |
| Suppliers | 440/4 | €63,169 | €70,844 | +€7,675 | +12.2% |
| Taxes, remuneration and social security | 45 | €51,891 | €38,665 | -€13,226 | -25.5% |
| Taxes | 450/3 | €44,119 | €29,889 | -€14,230 | -32.3% |
| Remuneration and social security | 454/9 | €7,772 | €8,776 | +€1,004 | +12.9% |
| Other amounts payable | 47/48 | €61,017 | €56,567 | -€4,451 | -7.3% |
| Accrued charges and deferred income | 492/3 | €186 | - | -€186 | |
| Remuneration, social security and pensions | 62 | €46,273 | €46,797 | +€524 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,009 | €12,245 | +€2,237 | +22.3% |
| Other operating charges | 640/8 | €7,685 | €6,103 | -€1,582 | -20.6% |
| Non-recurring operating charges | 66A | €673 | €1,526 | +€853 | +126.7% |
| Gross operating margin | 9900 | €144,089 | €98,589 | -€45,500 | -31.6% |
| Operating profit (loss) | 9901 | €79,448 | €31,917 | -€47,531 | -59.8% |
| Financial income | 75/76B | €3,654 | €8,463 | +€4,809 | +131.6% |
| Recurring financial income | 75 | €3,654 | €8,463 | +€4,809 | +131.6% |
| Financial charges | 65/66B | €4,073 | €6,299 | +€2,226 | +54.6% |
| Recurring financial charges | 65 | €4,073 | €6,299 | +€2,226 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €79,030 | €34,081 | -€44,948 | -56.9% |
| Income taxes | 67/77 | €25,850 | €15,358 | -€10,491 | -40.6% |
| Profit (loss) for the period | 9904 | €53,180 | €18,723 | -€34,457 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,180 | €18,723 | -€34,457 | -64.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.