Frerox Electronics: 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.
Frerox Electronics
Largest movements
- Tangible fixed assets -€368,175
down €368,175 (-98.8%), from €372,648 to €4,474
of which Land and buildings: -€367,173
- Cash -€148,552
down €148,552 (-14.7%), from €1.0m to €859,488
mainly Contributions, distributions and other (-€591,005) and Receivables within one year (-€56,253)
- Receivables within one year +€56,253
up €56,253 (+20.8%), from €270,926 to €327,179
of which Trade receivables: +€124,592
- Reserves -€464,567
down €464,567 (-49.4%), from €940,186 to €475,619
of which Distributable reserves: -€464,567
- Tax, wage and social debts -€35,735
down €35,735 (-47.1%), from €75,864 to €40,129
- Other debts +€28,145
up €28,145 (+5.3%), from €535,941 to €564,086
- Gross operating margin +€61,700
up €61,700 (+34.9%), from €176,561 to €238,261
- Other operating charges +€33,735
up €33,735 (+915.4%), from €3,686 to €37,421
- Financial income -€12,758
down €12,758 (-54.3%), from €23,517 to €10,759
- Financial charges +€9,442
up €9,442 (+78.9%), from €11,974 to €21,416
- Depreciation -€8,325
down €8,325 (-75.0%), from €11,100 to €2,774
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 | €1,692,271 | €1,231,608 | -€460,664 | -27.2% |
| Fixed assets | 21/28 | €373,648 | €5,474 | -€368,175 | -98.5% |
| Tangible fixed assets | 22/27 | €372,648 | €4,474 | -€368,175 | -98.8% |
| Land and buildings | 22 | €367,173 | €0 | -€367,173 | -100.0% |
| Furniture and vehicles | 24 | €5,475 | €4,474 | -€1,002 | -18.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,318,623 | €1,226,134 | -€92,489 | -7.0% |
| Stocks and contracts in progress | 3 | €38,232 | €38,483 | +€251 | +0.7% |
| Stocks | 30/36 | €38,232 | €38,483 | +€251 | +0.7% |
| Amounts receivable within one year | 40/41 | €270,926 | €327,179 | +€56,253 | +20.8% |
| Trade receivables | 40 | €182,731 | €307,323 | +€124,592 | +68.2% |
| Other amounts receivable | 41 | €88,195 | €19,856 | -€68,339 | -77.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,008,040 | €859,488 | -€148,552 | -14.7% |
| Deferred charges and accrued income | 490/1 | €1,425 | €984 | -€441 | -31.0% |
| Total equity and liabilities | 10/49 | €1,692,271 | €1,231,608 | -€460,664 | -27.2% |
| Equity | 10/15 | €960,186 | €495,619 | -€464,567 | -48.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €940,186 | €475,619 | -€464,567 | -49.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €938,186 | €473,619 | -€464,567 | -49.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €732,085 | €735,988 | +€3,903 | +0.5% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €682,085 | €685,988 | +€3,903 | +0.6% |
| Trade debts | 44 | €70,280 | €81,773 | +€11,493 | +16.4% |
| Suppliers | 440/4 | €70,280 | €81,773 | +€11,493 | +16.4% |
| Taxes, remuneration and social security | 45 | €75,864 | €40,129 | -€35,735 | -47.1% |
| Taxes | 450/3 | €75,864 | €40,129 | -€35,735 | -47.1% |
| Other amounts payable | 47/48 | €535,941 | €564,086 | +€28,145 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,100 | €2,774 | -€8,325 | -75.0% |
| Other operating charges | 640/8 | €3,686 | €37,421 | +€33,735 | +915.4% |
| Gross operating margin | 9900 | €176,561 | €238,261 | +€61,700 | +34.9% |
| Operating profit (loss) | 9901 | €161,776 | €198,066 | +€36,290 | +22.4% |
| Financial income | 75/76B | €23,517 | €10,759 | -€12,758 | -54.3% |
| Recurring financial income | 75 | €23,517 | €10,759 | -€12,758 | -54.3% |
| Financial charges | 65/66B | €11,974 | €21,416 | +€9,442 | +78.9% |
| Recurring financial charges | 65 | €11,974 | €21,416 | +€9,442 | +78.9% |
| Profit (loss) for the period before taxes | 9903 | €173,319 | €187,408 | +€14,089 | +8.1% |
| Income taxes | 67/77 | €56,489 | €60,970 | +€4,482 | +7.9% |
| Profit (loss) for the period | 9904 | €116,830 | €126,438 | +€9,608 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,830 | €126,438 | +€9,608 | +8.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.