FRETIME: what changed
FRETIME
Largest movements
- Receivables within one year -€22,784
down €22,784 (-95.0%), from €23,987 to €1,204
of which Trade receivables: -€12,395
- Tangible fixed assets -€6,801
down €6,801 (-10.4%), from €65,555 to €58,754
of which Furniture and vehicles: -€9,874
- Deferred charges and accrued income +€1,875
new in 2025: €1,875
- Cash -€1,264
down €1,264 (-49.8%), from €2,540 to €1,276
mainly Trade debts (-€34,009) and Investment in fixed assets (net) (-€8,822)
- Trade debts -€34,009
down €34,009 (-83.5%), from €40,745 to €6,736
- Debts after one year +€10,377
up €10,377 (+307%), from €3,381 to €13,758
- Current portion of long-term debt -€4,806
down €4,806 (-39.1%), from €12,299 to €7,494
- Purchases and services -€45,954
no longer reported in 2025 (was €45,954)
- Turnover -€44,926
no longer reported in 2025 (was €44,926)
- Gross operating margin +€9,492
up €9,492 (+124%), from €7,682 to €17,175
- Depreciation +€8,347
up €8,347 (+115%), from €7,275 to €15,622
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €92,082 | €63,109 | -€28,973 | -31.5% |
| Fixed assets | 21/28 | €65,555 | €58,754 | -€6,801 | -10.4% |
| Tangible fixed assets | 22/27 | €65,555 | €58,754 | -€6,801 | -10.4% |
| Land and buildings | 22 | €1,389 | €3,781 | +€2,392 | +172% |
| Plant, machinery and equipment | 23 | €14,589 | €15,271 | +€681 | +4.7% |
| Furniture and vehicles | 24 | €49,577 | €39,703 | -€9,874 | -19.9% |
| Current assets | 29/58 | €26,527 | €4,354 | -€22,172 | -83.6% |
| Amounts receivable within one year | 40/41 | €23,987 | €1,204 | -€22,784 | -95.0% |
| Trade receivables | 40 | €13,550 | €1,155 | -€12,395 | -91.5% |
| Other amounts receivable | 41 | €10,437 | €49 | -€10,389 | -99.5% |
| Cash at bank and in hand | 54/58 | €2,540 | €1,276 | -€1,264 | -49.8% |
| Deferred charges and accrued income | 490/1 | - | €1,875 | +€1,875 | |
| Total equity and liabilities | 10/49 | €92,082 | €63,109 | -€28,973 | -31.5% |
| Equity | 10/15 | €35,400 | €34,733 | -€667 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,433 | €35,433 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €33,573 | €33,573 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,633 | -€19,301 | -€667 | -3.6% |
| Amounts payable | 17/49 | €56,682 | €28,376 | -€28,306 | -49.9% |
| Amounts payable after more than one year | 17 | €3,381 | €13,758 | +€10,377 | +307% |
| Financial debts | 170/4 | €3,381 | €13,758 | +€10,377 | +307% |
| Amounts payable within one year | 42/48 | €53,301 | €14,617 | -€38,683 | -72.6% |
| Current portion of amounts payable after more than one year | 42 | €12,299 | €7,494 | -€4,806 | -39.1% |
| Trade debts | 44 | €40,745 | €6,736 | -€34,009 | -83.5% |
| Suppliers | 440/4 | €40,745 | €6,736 | -€34,009 | -83.5% |
| Taxes, remuneration and social security | 45 | €257 | €197 | -€60 | -23.2% |
| Taxes | 450/3 | €257 | €197 | -€60 | -23.2% |
| Other amounts payable | 47/48 | - | €191 | +€191 | |
| Turnover | 70 | €44,926 | - | -€44,926 | |
| Non-recurring operating income | 76A | €4,660 | - | -€4,660 | |
| Goods, raw materials, services and sundry goods | 60/61 | €45,954 | - | -€45,954 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,275 | €15,622 | +€8,347 | +115% |
| Other operating charges | 640/8 | €676 | €520 | -€156 | -23.1% |
| Gross operating margin | 9900 | €7,682 | €17,175 | +€9,492 | +124% |
| Operating profit (loss) | 9901 | -€269 | €1,032 | +€1,301 | |
| Financial income | 75/76B | €20 | €3 | -€17 | -85.1% |
| Recurring financial income | 75 | €20 | €3 | -€17 | -85.1% |
| Financial charges | 65/66B | €933 | €1,363 | +€430 | +46.1% |
| Recurring financial charges | 65 | €933 | €1,363 | +€430 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,182 | -€328 | +€855 | +72.3% |
| Income taxes | 67/77 | €424 | €339 | -€84 | -19.9% |
| Profit (loss) for the period | 9904 | -€1,606 | -€667 | +€939 | +58.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,606 | -€667 | +€939 | +58.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.