Frespar: 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.
Frespar
Largest movements
- Tangible fixed assets +€33,993
up €33,993 (+648%), from €5,246 to €39,239
of which Other tangible fixed assets: +€33,988
- Cash +€22,548
up €22,548 (+69.1%), from €32,636 to €55,184
mainly Debts after one year (+€25,601) and Trade debts (+€15,738)
- Receivables within one year -€4,172
down €4,172 (-37.2%), from €11,228 to €7,057
of which Trade receivables: -€4,434
- Debts after one year +€25,601
new in 2025: €25,601
- Trade debts +€15,738
up €15,738 (+47.2%), from €33,360 to €49,097
- Current portion of long-term debt +€7,395
new in 2025: €7,395
- Other debts +€2,237
up €2,237 (+2,048%), from €109 to €2,346
- Profit (loss) carried forward +€1,057
up €1,057 (+13.5%), from €7,856 to €8,913
- Gross operating margin +€6,927
up €6,927 (+240%), from €2,884 to €9,811
- Depreciation +€3,538
up €3,538 (+231%), from €1,530 to €5,068
- Other operating charges +€1,270
new in 2025: €1,270
- Financial charges +€865
up €865 (+106%), from €819 to €1,684
- Taxes +€350
up €350 (+91.5%), from €382 to €732
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 | €49,707 | €101,792 | +€52,085 | +105% |
| Fixed assets | 21/28 | €5,246 | €39,239 | +€33,993 | +648% |
| Tangible fixed assets | 22/27 | €5,246 | €39,239 | +€33,993 | +648% |
| Plant, machinery and equipment | 23 | €5,246 | €3,819 | -€1,427 | -27.2% |
| Furniture and vehicles | 24 | - | €1,432 | +€1,432 | |
| Other tangible fixed assets | 26 | - | €33,988 | +€33,988 | |
| Current assets | 29/58 | €44,461 | €62,553 | +€18,092 | +40.7% |
| Amounts receivable within one year | 40/41 | €11,228 | €7,057 | -€4,172 | -37.2% |
| Trade receivables | 40 | €7,537 | €3,103 | -€4,434 | -58.8% |
| Other amounts receivable | 41 | €3,691 | €3,954 | +€263 | +7.1% |
| Cash at bank and in hand | 54/58 | €32,636 | €55,184 | +€22,548 | +69.1% |
| Deferred charges and accrued income | 490/1 | €596 | €312 | -€285 | -47.7% |
| Total equity and liabilities | 10/49 | €49,707 | €101,792 | +€52,085 | +105% |
| Equity | 10/15 | €15,856 | €16,913 | +€1,057 | +6.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,856 | €8,913 | +€1,057 | +13.5% |
| Amounts payable | 17/49 | €33,851 | €84,879 | +€51,028 | +151% |
| Amounts payable after more than one year | 17 | - | €25,601 | +€25,601 | |
| Financial debts | 170/4 | - | €25,601 | +€25,601 | |
| Amounts payable within one year | 42/48 | €33,851 | €59,278 | +€25,427 | +75.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,395 | +€7,395 | |
| Financial debts | 43 | - | €440 | +€440 | |
| Credit institutions | 430/8 | - | €440 | +€440 | |
| Trade debts | 44 | €33,360 | €49,097 | +€15,738 | +47.2% |
| Suppliers | 440/4 | €33,360 | €49,097 | +€15,738 | +47.2% |
| Taxes, remuneration and social security | 45 | €382 | - | -€382 | |
| Taxes | 450/3 | €382 | - | -€382 | |
| Other amounts payable | 47/48 | €109 | €2,346 | +€2,237 | +2,048% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,530 | €5,068 | +€3,538 | +231% |
| Other operating charges | 640/8 | - | €1,270 | +€1,270 | |
| Gross operating margin | 9900 | €2,884 | €9,811 | +€6,927 | +240% |
| Operating profit (loss) | 9901 | €1,354 | €3,473 | +€2,120 | +157% |
| Financial charges | 65/66B | €819 | €1,684 | +€865 | +106% |
| Recurring financial charges | 65 | €819 | €1,684 | +€865 | +106% |
| Profit (loss) for the period before taxes | 9903 | €535 | €1,789 | +€1,255 | +235% |
| Income taxes | 67/77 | €382 | €732 | +€350 | +91.5% |
| Profit (loss) for the period | 9904 | €152 | €1,057 | +€905 | +593% |
| Profit (loss) for the period to be appropriated | 9905 | €152 | €1,057 | +€905 | +593% |
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 13 October 2026 via checked.be.