FRETRANS: 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.
FRETRANS
Largest movements
- Cash +€25,335
up €25,335 (+47.5%), from €53,316 to €78,651
mainly Net result for the year (+€20,484) and Receivables within one year (+€15,095)
- Receivables within one year -€15,095
down €15,095 (-24.3%), from €62,117 to €47,021
of which Trade receivables: -€12,981
- Tangible fixed assets -€9,524
down €9,524 (-23.2%), from €40,973 to €31,449
of which Furniture and vehicles: -€9,036
- Reserves +€20,484
up €20,484 (+28.1%), from €72,858 to €93,342
- Trade debts -€11,177
down €11,177 (-73.2%), from €15,260 to €4,083
- Debts after one year -€4,967
down €4,967 (-18.9%), from €26,228 to €21,261
- Tax, wage and social debts -€4,648
down €4,648 (-34.7%), from €13,390 to €8,742
- Depreciation -€12,450
down €12,450 (-53.9%), from €23,078 to €10,627
- Other operating charges +€7,806
up €7,806 (+354.7%), from €2,201 to €10,007
- Taxes +€2,251
up €2,251 (+39.8%), from €5,648 to €7,899
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 | €159,108 | €158,942 | -€165 | -0.1% |
| Fixed assets | 21/28 | €41,453 | €31,929 | -€9,524 | -23.0% |
| Tangible fixed assets | 22/27 | €40,973 | €31,449 | -€9,524 | -23.2% |
| Plant, machinery and equipment | 23 | €4,982 | €4,494 | -€488 | -9.8% |
| Furniture and vehicles | 24 | €35,991 | €26,954 | -€9,036 | -25.1% |
| Financial fixed assets | 28 | €480 | €480 | = | 0.0% |
| Current assets | 29/58 | €117,655 | €127,014 | +€9,358 | +8.0% |
| Amounts receivable within one year | 40/41 | €62,117 | €47,021 | -€15,095 | -24.3% |
| Trade receivables | 40 | €54,062 | €41,081 | -€12,981 | -24.0% |
| Other amounts receivable | 41 | €8,055 | €5,941 | -€2,114 | -26.2% |
| Cash at bank and in hand | 54/58 | €53,316 | €78,651 | +€25,335 | +47.5% |
| Deferred charges and accrued income | 490/1 | €2,223 | €1,341 | -€882 | -39.7% |
| Total equity and liabilities | 10/49 | €159,108 | €158,942 | -€165 | -0.1% |
| Equity | 10/15 | €89,674 | €110,158 | +€20,484 | +22.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €72,858 | €93,342 | +€20,484 | +28.1% |
| Distributable reserves | 133 | €72,858 | €93,342 | +€20,484 | +28.1% |
| Profit (loss) carried forward | 14 | €4,316 | €4,316 | = | 0.0% |
| Amounts payable | 17/49 | €69,434 | €48,784 | -€20,650 | -29.7% |
| Amounts payable after more than one year | 17 | €26,228 | €21,261 | -€4,967 | -18.9% |
| Financial debts | 170/4 | €26,228 | €21,261 | -€4,967 | -18.9% |
| Amounts payable within one year | 42/48 | €43,206 | €27,523 | -€15,683 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €4,748 | €4,967 | +€219 | +4.6% |
| Financial debts | 43 | €903 | €826 | -€77 | -8.5% |
| Credit institutions | 430/8 | €903 | €826 | -€77 | -8.5% |
| Trade debts | 44 | €15,260 | €4,083 | -€11,177 | -73.2% |
| Suppliers | 440/4 | €15,260 | €4,083 | -€11,177 | -73.2% |
| Taxes, remuneration and social security | 45 | €13,390 | €8,742 | -€4,648 | -34.7% |
| Taxes | 450/3 | €13,390 | €8,742 | -€4,648 | -34.7% |
| Other amounts payable | 47/48 | €8,905 | €8,905 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,078 | €10,627 | -€12,450 | -53.9% |
| Other operating charges | 640/8 | €2,201 | €10,007 | +€7,806 | +354.7% |
| Non-recurring operating charges | 66A | €4,262 | - | -€4,262 | |
| Gross operating margin | 9900 | €54,062 | €53,590 | -€473 | -0.9% |
| Operating profit (loss) | 9901 | €24,522 | €32,955 | +€8,433 | +34.4% |
| Financial income | 75/76B | €269 | €37 | -€232 | -86.4% |
| Recurring financial income | 75 | €239 | €37 | -€202 | -84.7% |
| Non-recurring financial income | 76B | €30 | - | -€30 | |
| Financial charges | 65/66B | €4,762 | €4,609 | -€153 | -3.2% |
| Recurring financial charges | 65 | €4,762 | €4,609 | -€153 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €20,029 | €28,383 | +€8,354 | +41.7% |
| Income taxes | 67/77 | €5,648 | €7,899 | +€2,251 | +39.8% |
| Profit (loss) for the period | 9904 | €14,381 | €20,484 | +€6,103 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,381 | €20,484 | +€6,103 | +42.4% |
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 11 October 2026 via checked.be.