FREVACO: 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.
FREVACO
Largest movements
- Cash -€9,874
down €9,874 (-85.6%), from €11,540 to €1,666
mainly Tax, wage and social debts (-€34,999) and Net result for the year (-€15,604)
- Tangible fixed assets -€6,976
down €6,976 (-1.8%), from €394,730 to €387,754
of which Land and buildings: -€6,976
- Other debts +€41,415
up €41,415 (+166%), from €25,000 to €66,415
- Tax, wage and social debts -€34,999
down €34,999 (-57.7%), from €60,693 to €25,694
- Profit (loss) carried forward -€15,604
down €15,604 (-12.5%), from €124,398 to €108,794
- Trade debts -€7,852
down €7,852 (-53.3%), from €14,730 to €6,878
- Gross operating margin -€274,693
down €274,693, from €264,257 to -€10,436
- Taxes -€60,693
no longer reported in 2025 (was €60,693)
- Turnover -€11,356
no longer reported in 2025 (was €11,356)
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 | €430,414 | €413,374 | -€17,040 | -4.0% |
| Fixed assets | 21/28 | €394,780 | €387,804 | -€6,976 | -1.8% |
| Tangible fixed assets | 22/27 | €394,730 | €387,754 | -€6,976 | -1.8% |
| Land and buildings | 22 | €229,730 | €222,754 | -€6,976 | -3.0% |
| Furniture and vehicles | 24 | €165,000 | €165,000 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €35,634 | €25,570 | -€10,064 | -28.2% |
| Amounts receivable within one year | 40/41 | €24,094 | €23,904 | -€190 | -0.8% |
| Trade receivables | 40 | €3,790 | €1,601 | -€2,189 | -57.8% |
| Other amounts receivable | 41 | €20,304 | €22,303 | +€1,999 | +9.8% |
| Cash at bank and in hand | 54/58 | €11,540 | €1,666 | -€9,874 | -85.6% |
| Total equity and liabilities | 10/49 | €430,414 | €413,374 | -€17,040 | -4.0% |
| Equity | 10/15 | €305,991 | €290,387 | -€15,604 | -5.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €120,093 | €120,093 | = | 0.0% |
| Distributable reserves | 133 | €120,093 | €120,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,398 | €108,794 | -€15,604 | -12.5% |
| Provisions and deferred taxes | 16 | €24,000 | €24,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,000 | €24,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable | 17/49 | €100,423 | €98,987 | -€1,436 | -1.4% |
| Amounts payable within one year | 42/48 | €100,423 | €98,987 | -€1,436 | -1.4% |
| Trade debts | 44 | €14,730 | €6,878 | -€7,852 | -53.3% |
| Suppliers | 440/4 | €14,730 | €6,878 | -€7,852 | -53.3% |
| Taxes, remuneration and social security | 45 | €60,693 | €25,694 | -€34,999 | -57.7% |
| Taxes | 450/3 | €60,693 | €25,694 | -€34,999 | -57.7% |
| Other amounts payable | 47/48 | €25,000 | €66,415 | +€41,415 | +166% |
| Turnover | 70 | €11,356 | - | -€11,356 | |
| Non-recurring operating income | 76A | €278,190 | - | -€278,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,290 | €4,167 | -€123 | -2.9% |
| Other operating charges | 640/8 | €182 | €855 | +€673 | +370% |
| Gross operating margin | 9900 | €264,257 | -€10,436 | -€274,693 | |
| Operating profit (loss) | 9901 | €259,785 | -€15,458 | -€275,243 | |
| Financial charges | 65/66B | €167 | €146 | -€21 | -12.6% |
| Recurring financial charges | 65 | €167 | €146 | -€21 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €259,618 | -€15,604 | -€275,222 | |
| Income taxes | 67/77 | €60,693 | - | -€60,693 | |
| Profit (loss) for the period | 9904 | €198,925 | -€15,604 | -€214,529 | |
| Profit (loss) for the period to be appropriated | 9905 | €198,925 | -€15,604 | -€214,529 |
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 14 October 2026 via checked.be.