FREVALINE: what changed
Two fiscal 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.
FREVALINE
Largest movements
- Stocks and contracts +€204,607
up €204,607 (+53.0%), from €386,258 to €590,864
- Tangible fixed assets -€8,240
down €8,240 (-64.6%), from €12,753 to €4,513
of which Other tangible fixed assets: -€12,753
- Short-term financial debts +€217,474
up €217,474 (+100.3%), from €216,733 to €434,207
- Profit (loss) carried forward -€55,112
down €55,112 (-75.1%), from -€73,376 to -€128,488
- Other debts +€21,251
up €21,251 (+20.0%), from €106,496 to €127,747
- Accrued charges and deferred income +€7,971
new in 2024: €7,971
- Financial charges +€22,480
up €22,480 (+612.3%), from €3,671 to €26,151
- Gross operating margin -€3,189
down €3,189 (-33.0%), from -€9,655 to -€12,844
- Depreciation -€1,893
down €1,893 (-67.0%), from €2,826 to €932
- Financial income -€1,792
down €1,792 (-100.0%), from €1,792 to €0
- Other operating charges -€829
down €829 (-25.4%), from €3,261 to €2,433
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €405,674 | €601,439 | +€195,765 | +48.3% |
| Fixed assets | 21/28 | €12,753 | €4,513 | -€8,240 | -64.6% |
| Tangible fixed assets | 22/27 | €12,753 | €4,513 | -€8,240 | -64.6% |
| Furniture and vehicles | 24 | - | €4,513 | +€4,513 | |
| Other tangible fixed assets | 26 | €12,753 | €0 | -€12,753 | -100.0% |
| Current assets | 29/58 | €392,921 | €596,926 | +€204,005 | +51.9% |
| Stocks and contracts in progress | 3 | €386,258 | €590,864 | +€204,607 | +53.0% |
| Stocks | 30/36 | €386,258 | €590,864 | +€204,607 | +53.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €6,664 | €6,062 | -€602 | -9.0% |
| Total equity and liabilities | 10/49 | €405,674 | €601,439 | +€195,765 | +48.3% |
| Equity | 10/15 | €76,624 | €21,512 | -€55,112 | -71.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,376 | -€128,488 | -€55,112 | -75.1% |
| Amounts payable | 17/49 | €329,050 | €579,927 | +€250,877 | +76.2% |
| Amounts payable within one year | 42/48 | €329,050 | €571,956 | +€242,907 | +73.8% |
| Financial debts | 43 | €216,733 | €434,207 | +€217,474 | +100.3% |
| Credit institutions | 430/8 | €216,733 | €434,207 | +€217,474 | +100.3% |
| Trade debts | 44 | €5,821 | €10,003 | +€4,182 | +71.8% |
| Suppliers | 440/4 | €5,821 | €10,003 | +€4,182 | +71.8% |
| Other amounts payable | 47/48 | €106,496 | €127,747 | +€21,251 | +20.0% |
| Accrued charges and deferred income | 492/3 | - | €7,971 | +€7,971 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,826 | €932 | -€1,893 | -67.0% |
| Other operating charges | 640/8 | €3,261 | €2,433 | -€829 | -25.4% |
| Non-recurring operating charges | 66A | - | €12,753 | +€12,753 | |
| Gross operating margin | 9900 | -€9,655 | -€12,844 | -€3,189 | -33.0% |
| Operating profit (loss) | 9901 | -€15,742 | -€28,961 | -€13,219 | -84.0% |
| Financial income | 75/76B | €1,792 | €0 | -€1,792 | -100.0% |
| Recurring financial income | 75 | €1,792 | €0 | -€1,792 | -100.0% |
| Financial charges | 65/66B | €3,671 | €26,151 | +€22,480 | +612.3% |
| Recurring financial charges | 65 | €3,671 | €26,151 | +€22,480 | +612.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,621 | -€55,112 | -€37,491 | -212.8% |
| Profit (loss) for the period | 9904 | -€17,621 | -€55,112 | -€37,491 | -212.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,621 | -€55,112 | -€37,491 | -212.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.