FREROTRANS: 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.
FREROTRANS
Largest movements
- Tangible fixed assets -€51,471
down €51,471 (-40.2%), from €128,069 to €76,598
of which Furniture and vehicles: -€27,878
- Cash +€22,778
up €22,778 (+17.8%), from €127,838 to €150,616
mainly Depreciation (+€45,638) and Other debts (+€31,540)
- Debts after one year -€49,431
down €49,431 (-31.5%), from €156,991 to €107,560
- Other debts +€31,540
up €31,540 (+247%), from €12,746 to €44,286
- Current portion of long-term debt -€12,590
down €12,590 (-36.5%), from €34,467 to €21,878
- Profit (loss) carried forward -€7,643
down €7,643 (-94.2%), from €8,118 to €475
- Tax, wage and social debts +€4,480
up €4,480 (+49.0%), from €9,133 to €13,613
of which Taxes: +€4,780
- Gross operating margin +€17,787
up €17,787 (+20.5%), from €86,602 to €104,389
- Other operating charges +€5,650
up €5,650 (+106%), from €5,317 to €10,966
- Depreciation -€5,597
down €5,597 (-10.9%), from €51,235 to €45,638
- Taxes +€2,413
up €2,413 (+42.9%), from €5,629 to €8,043
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 | €336,141 | €303,465 | -€32,677 | -9.7% |
| Fixed assets | 21/28 | €128,069 | €76,598 | -€51,471 | -40.2% |
| Tangible fixed assets | 22/27 | €128,069 | €76,598 | -€51,471 | -40.2% |
| Plant, machinery and equipment | 23 | €315 | €0 | -€315 | -100% |
| Furniture and vehicles | 24 | €58,686 | €30,807 | -€27,878 | -47.5% |
| Leasing and similar rights | 25 | €69,069 | €45,791 | -€23,278 | -33.7% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €208,072 | €226,866 | +€18,794 | +9.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €73,157 | €71,058 | -€2,099 | -2.9% |
| Trade receivables | 40 | €68,765 | €62,926 | -€5,839 | -8.5% |
| Other amounts receivable | 41 | €4,392 | €8,132 | +€3,741 | +85.2% |
| Cash at bank and in hand | 54/58 | €127,838 | €150,616 | +€22,778 | +17.8% |
| Deferred charges and accrued income | 490/1 | €7,078 | €5,193 | -€1,885 | -26.6% |
| Total equity and liabilities | 10/49 | €336,141 | €303,465 | -€32,677 | -9.7% |
| Equity | 10/15 | €115,118 | €107,475 | -€7,643 | -6.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €102,000 | €102,000 | = | 0.0% |
| Distributable reserves | 133 | €102,000 | €102,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,118 | €475 | -€7,643 | -94.2% |
| Amounts payable | 17/49 | €221,024 | €195,990 | -€25,034 | -11.3% |
| Amounts payable after more than one year | 17 | €156,991 | €107,560 | -€49,431 | -31.5% |
| Financial debts | 170/4 | €156,991 | €107,560 | -€49,431 | -31.5% |
| Amounts payable within one year | 42/48 | €59,316 | €84,081 | +€24,765 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €34,467 | €21,878 | -€12,590 | -36.5% |
| Trade debts | 44 | €2,970 | €4,305 | +€1,335 | +44.9% |
| Suppliers | 440/4 | €2,970 | €4,305 | +€1,335 | +44.9% |
| Taxes, remuneration and social security | 45 | €9,133 | €13,613 | +€4,480 | +49.0% |
| Taxes | 450/3 | €4,820 | €9,599 | +€4,780 | +99.2% |
| Remuneration and social security | 454/9 | €4,313 | €4,013 | -€300 | -7.0% |
| Other amounts payable | 47/48 | €12,746 | €44,286 | +€31,540 | +247% |
| Accrued charges and deferred income | 492/3 | €4,716 | €4,349 | -€368 | -7.8% |
| Remuneration, social security and pensions | 62 | €532 | €897 | +€365 | +68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,235 | €45,638 | -€5,597 | -10.9% |
| Other operating charges | 640/8 | €5,317 | €10,966 | +€5,650 | +106% |
| Gross operating margin | 9900 | €86,602 | €104,389 | +€17,787 | +20.5% |
| Operating profit (loss) | 9901 | €29,518 | €46,888 | +€17,369 | +58.8% |
| Financial income | 75/76B | €640 | €105 | -€535 | -83.6% |
| Recurring financial income | 75 | €640 | €105 | -€535 | -83.6% |
| Financial charges | 65/66B | €9,013 | €8,593 | -€420 | -4.7% |
| Recurring financial charges | 65 | €9,013 | €8,593 | -€420 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €21,146 | €38,400 | +€17,254 | +81.6% |
| Income taxes | 67/77 | €5,629 | €8,043 | +€2,413 | +42.9% |
| Profit (loss) for the period | 9904 | €15,516 | €30,357 | +€14,841 | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,516 | €30,357 | +€14,841 | +95.6% |
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 18 October 2026 via checked.be.