FREVAN: what changed
What changed
FREVAN
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€4,231
2024 · €24,657-€20,426
Equity
€2.5m
2024 · €2.5m+€4,231
Cash
€15,432
2024 · €15,460-€28
Balance sheet total
€2.8m
2024 · €2.9m-€13,790
Largest movements
Assets
- Tangible fixed assets -€40,979
down €40,979 (-1.9%), from €2.2m to €2.2m
of which Land and buildings: -€38,761
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€56,873
down €56,873 (-44.4%), from €128,124 to €71,251
- Financial charges -€24,388
down €24,388 (-66.2%), from €36,847 to €12,459
- Depreciation -€7,432
down €7,432 (-14.8%), from €50,219 to €42,787
- Other operating charges -€2,715
down €2,715 (-22.0%), from €12,327 to €9,612
- Taxes -€1,977
down €1,977 (-46.4%), from €4,261 to €2,284
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.
Result 2024
€24,657
Gross operating margin
-€56,873
Depreciation
+€7,432
Other operating charges
+€2,715
Financial income
-€65
Financial charges
+€24,388
Taxes
+€1,977
Result 2025
€4,231
raises the resultlowers the result
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.
From operations
+€20,748
Investment
-€1,808
Financing
-€18,967
Cash 2024
€15,460
From operations (derived)
+€20,748
Net result for the year
+€4,231
Depreciation
+€42,787
Receivables within one year
-€28,149
Deferred charges and accrued income
+€933
Trade debts
-€3,244
Tax, wage and social debts
-€3,022
Other debts
+€512
Accrued charges and deferred income
+€6,701
Investment (derived)
-€1,808
Investment in fixed assets (net)
-€1,808
Financing
-€18,967
Debts after one year
-€19,585
Current portion of long-term debt
+€618
Cash 2025
€15,432
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,857,027 | €2,843,237 | -€13,790 | -0.5% |
| Fixed assets | 21/28 | €2,688,735 | €2,647,756 | -€40,979 | -1.5% |
| Tangible fixed assets | 22/27 | €2,191,506 | €2,150,527 | -€40,979 | -1.9% |
| Land and buildings | 22 | €2,175,459 | €2,136,698 | -€38,761 | -1.8% |
| Plant, machinery and equipment | 23 | €16,047 | €13,830 | -€2,218 | -13.8% |
| Financial fixed assets | 28 | €497,229 | €497,229 | = | 0.0% |
| Current assets | 29/58 | €168,292 | €195,480 | +€27,188 | +16.2% |
| Amounts receivable within one year | 40/41 | €129,983 | €158,132 | +€28,149 | +21.7% |
| Trade receivables | 40 | €29,983 | €58,062 | +€28,079 | +93.7% |
| Other amounts receivable | 41 | €100,000 | €100,069 | +€69 | +0.1% |
| Cash at bank and in hand | 54/58 | €15,460 | €15,432 | -€28 | -0.2% |
| Deferred charges and accrued income | 490/1 | €22,850 | €21,917 | -€933 | -4.1% |
| Total equity and liabilities | 10/49 | €2,857,027 | €2,843,237 | -€13,790 | -0.5% |
| Equity | 10/15 | €2,505,176 | €2,509,407 | +€4,231 | +0.2% |
| Contributions | 10/11 | €2,238,942 | €2,238,942 | = | 0.0% |
| Capital | 10 | €2,238,942 | €2,238,942 | = | 0.0% |
| Issued capital | 100 | €2,238,942 | €2,238,942 | = | 0.0% |
| Reserves | 13 | €266,234 | €270,464 | +€4,231 | +1.6% |
| Non-distributable reserves | 130/1 | €13,928 | €13,928 | = | 0.0% |
| Legal reserve | 130 | €13,928 | €13,928 | = | 0.0% |
| Tax-exempt reserves | 132 | €36 | €36 | = | 0.0% |
| Distributable reserves | 133 | €252,270 | €256,500 | +€4,231 | +1.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €351,851 | €333,830 | -€18,021 | -5.1% |
| Amounts payable after more than one year | 17 | €316,422 | €296,837 | -€19,585 | -6.2% |
| Financial debts | 170/4 | €53,655 | €34,070 | -€19,585 | -36.5% |
| Other amounts payable | 178/9 | €262,767 | €262,767 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,258 | €30,122 | -€5,136 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €18,967 | €19,585 | +€618 | +3.3% |
| Trade debts | 44 | €3,244 | €0 | -€3,244 | -100% |
| Suppliers | 440/4 | €3,244 | €0 | -€3,244 | -100% |
| Taxes, remuneration and social security | 45 | €12,476 | €9,454 | -€3,022 | -24.2% |
| Taxes | 450/3 | €12,476 | €9,454 | -€3,022 | -24.2% |
| Other amounts payable | 47/48 | €570 | €1,083 | +€512 | +89.9% |
| Accrued charges and deferred income | 492/3 | €171 | €6,872 | +€6,701 | +3,921% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,219 | €42,787 | -€7,432 | -14.8% |
| Other operating charges | 640/8 | €12,327 | €9,612 | -€2,715 | -22.0% |
| Gross operating margin | 9900 | €128,124 | €71,251 | -€56,873 | -44.4% |
| Operating profit (loss) | 9901 | €65,578 | €18,853 | -€46,726 | -71.3% |
| Financial income | 75/76B | €186 | €121 | -€65 | -35.0% |
| Recurring financial income | 75 | €186 | €121 | -€65 | -35.0% |
| Financial charges | 65/66B | €36,847 | €12,459 | -€24,388 | -66.2% |
| Recurring financial charges | 65 | €36,847 | €12,459 | -€24,388 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €28,917 | €6,514 | -€22,403 | -77.5% |
| Income taxes | 67/77 | €4,261 | €2,284 | -€1,977 | -46.4% |
| Profit (loss) for the period | 9904 | €24,657 | €4,231 | -€20,426 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,657 | €4,231 | -€20,426 | -82.8% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.