FREVA: 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.
FREVA
Largest movements
- Receivables within one year +€19,978
up €19,978 (+29.6%), from €67,572 to €87,550
of which Trade receivables: +€22,593
- Tangible fixed assets -€6,197
down €6,197 (-33.2%), from €18,675 to €12,478
of which Leasing and similar rights: -€4,443
- Deferred charges and accrued income -€4,847
down €4,847 (-51.7%), from €9,371 to €4,524
- Cash +€4,520
up €4,520 (+32.7%), from €13,831 to €18,351
mainly Other debts (+€12,083) and Depreciation (+€6,197)
- Other debts +€12,083
up €12,083 (+29.7%), from €40,639 to €52,722
- Debts after one year -€4,306
down €4,306 (-59.1%), from €7,289 to €2,983
- Tax, wage and social debts +€3,410
up €3,410 (+71.6%), from €4,762 to €8,172
of which Remuneration and social security: +€2,274
- Trade debts +€2,052
up €2,052 (+1,754%), from €117 to €2,169
- Gross operating margin -€3,231
down €3,231 (-23.5%), from €13,728 to €10,497
- Depreciation -€915
down €915 (-12.9%), from €7,113 to €6,197
- Financial charges -€324
down €324 (-26.8%), from €1,207 to €884
- Taxes +€229
up €229 (+20.5%), from €1,117 to €1,345
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 | €109,449 | €122,902 | +€13,454 | +12.3% |
| Fixed assets | 21/28 | €18,675 | €12,478 | -€6,197 | -33.2% |
| Tangible fixed assets | 22/27 | €18,675 | €12,478 | -€6,197 | -33.2% |
| Plant, machinery and equipment | 23 | €1,374 | €22 | -€1,353 | -98.4% |
| Furniture and vehicles | 24 | €978 | €576 | -€402 | -41.1% |
| Leasing and similar rights | 25 | €16,323 | €11,880 | -€4,443 | -27.2% |
| Current assets | 29/58 | €90,773 | €110,424 | +€19,651 | +21.6% |
| Amounts receivable within one year | 40/41 | €67,572 | €87,550 | +€19,978 | +29.6% |
| Trade receivables | 40 | €37,357 | €59,950 | +€22,593 | +60.5% |
| Other amounts receivable | 41 | €30,215 | €27,600 | -€2,615 | -8.7% |
| Cash at bank and in hand | 54/58 | €13,831 | €18,351 | +€4,520 | +32.7% |
| Deferred charges and accrued income | 490/1 | €9,371 | €4,524 | -€4,847 | -51.7% |
| Total equity and liabilities | 10/49 | €109,449 | €122,902 | +€13,454 | +12.3% |
| Equity | 10/15 | €52,530 | €52,549 | +€19 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,261 | €50,261 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,005 | €1,005 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,005 | €1,005 | = | 0.0% |
| Distributable reserves | 133 | €49,256 | €49,256 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,331 | -€16,312 | +€19 | +0.1% |
| Amounts payable | 17/49 | €56,919 | €70,353 | +€13,434 | +23.6% |
| Amounts payable after more than one year | 17 | €7,289 | €2,983 | -€4,306 | -59.1% |
| Financial debts | 170/4 | €7,289 | €2,983 | -€4,306 | -59.1% |
| Amounts payable within one year | 42/48 | €49,630 | €67,370 | +€17,740 | +35.7% |
| Current portion of amounts payable after more than one year | 42 | €4,112 | €4,306 | +€194 | +4.7% |
| Trade debts | 44 | €117 | €2,169 | +€2,052 | +1,754% |
| Suppliers | 440/4 | €117 | €2,169 | +€2,052 | +1,754% |
| Taxes, remuneration and social security | 45 | €4,762 | €8,172 | +€3,410 | +71.6% |
| Taxes | 450/3 | €4,762 | €5,898 | +€1,136 | +23.9% |
| Remuneration and social security | 454/9 | - | €2,274 | +€2,274 | |
| Other amounts payable | 47/48 | €40,639 | €52,722 | +€12,083 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,113 | €6,197 | -€915 | -12.9% |
| Other operating charges | 640/8 | €1,985 | €2,051 | +€67 | +3.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €13,728 | €10,497 | -€3,231 | -23.5% |
| Operating profit (loss) | 9901 | €4,630 | €2,248 | -€2,382 | -51.4% |
| Financial charges | 65/66B | €1,207 | €884 | -€324 | -26.8% |
| Recurring financial charges | 65 | €1,207 | €884 | -€324 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €3,423 | €1,365 | -€2,058 | -60.1% |
| Income taxes | 67/77 | €1,117 | €1,345 | +€229 | +20.5% |
| Profit (loss) for the period | 9904 | €2,306 | €19 | -€2,287 | -99.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,306 | €19 | -€2,287 | -99.2% |
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.