FREVIN: 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.
FREVIN
Largest movements
- Cash +€157,380
up €157,380 (+76.4%), from €206,073 to €363,453
mainly Net result for the year (+€197,464) and Other debts (+€126,047)
- Current investments +€97,561
up €97,561 (+1738.0%), from €5,613 to €103,174
- Receivables within one year -€76,736
down €76,736 (-93.1%), from €82,426 to €5,689
of which Other amounts receivable: -€76,736
- Other debts +€126,047
up €126,047 (+390.3%), from €32,291 to €158,338
- Reserves +€45,000
up €45,000 (+10.9%), from €411,860 to €456,860
of which Distributable reserves: +€45,000
- Tax, wage and social debts +€27,375
up €27,375 (+215.2%), from €12,720 to €40,095
of which Taxes: +€24,375
- Current portion of long-term debt -€26,241
down €26,241 (-50.8%), from €51,690 to €25,449
- Debts after one year -€25,449
down €25,449 (-79.5%), from €32,005 to €6,556
- Gross operating margin +€61,717
up €61,717 (+49.0%), from €125,992 to €187,709
- Financial income -€50,405
down €50,405 (-32.0%), from €157,675 to €107,271
- Taxes +€15,942
up €15,942 (+34.1%), from €46,788 to €62,729
- Depreciation -€2,145
down €2,145 (-8.2%), from €26,248 to €24,103
- Financial charges +€2,098
up €2,098 (+44.9%), from €4,672 to €6,770
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 | €776,359 | €952,341 | +€175,981 | +22.7% |
| Fixed assets | 21/28 | €332,248 | €330,025 | -€2,223 | -0.7% |
| Tangible fixed assets | 22/27 | €232,228 | €230,005 | -€2,223 | -1.0% |
| Land and buildings | 22 | €221,607 | €215,475 | -€6,133 | -2.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €5,527 | €9,436 | +€3,909 | +70.7% |
| Other tangible fixed assets | 26 | €5,094 | €5,094 | = | 0.0% |
| Financial fixed assets | 28 | €100,020 | €100,020 | = | 0.0% |
| Current assets | 29/58 | €444,111 | €622,316 | +€178,205 | +40.1% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,426 | €5,689 | -€76,736 | -93.1% |
| Trade receivables | 40 | €5,036 | €5,036 | = | 0.0% |
| Other amounts receivable | 41 | €77,390 | €653 | -€76,736 | -99.2% |
| Current investments | 50/53 | €5,613 | €103,174 | +€97,561 | +1738.0% |
| Cash at bank and in hand | 54/58 | €206,073 | €363,453 | +€157,380 | +76.4% |
| Total equity and liabilities | 10/49 | €776,359 | €952,341 | +€175,981 | +22.7% |
| Equity | 10/15 | €620,133 | €667,598 | +€47,464 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €411,860 | €456,860 | +€45,000 | +10.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €410,000 | €455,000 | +€45,000 | +11.0% |
| Profit (loss) carried forward | 14 | €189,673 | €192,138 | +€2,464 | +1.3% |
| Provisions and deferred taxes | 16 | €20,000 | €20,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €136,226 | €264,743 | +€128,517 | +94.3% |
| Amounts payable after more than one year | 17 | €32,005 | €6,556 | -€25,449 | -79.5% |
| Financial debts | 170/4 | €32,005 | €6,556 | -€25,449 | -79.5% |
| Amounts payable within one year | 42/48 | €104,221 | €258,187 | +€153,966 | +147.7% |
| Current portion of amounts payable after more than one year | 42 | €51,690 | €25,449 | -€26,241 | -50.8% |
| Financial debts | 43 | €2,469 | €27,440 | +€24,971 | +1011.4% |
| Credit institutions | 430/8 | €2,469 | €27,440 | +€24,971 | +1011.4% |
| Trade debts | 44 | €5,051 | €6,865 | +€1,814 | +35.9% |
| Suppliers | 440/4 | €5,051 | €6,865 | +€1,814 | +35.9% |
| Taxes, remuneration and social security | 45 | €12,720 | €40,095 | +€27,375 | +215.2% |
| Taxes | 450/3 | €12,720 | €37,095 | +€24,375 | +191.6% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €32,291 | €158,338 | +€126,047 | +390.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,248 | €24,103 | -€2,145 | -8.2% |
| Other operating charges | 640/8 | €4,130 | €3,913 | -€217 | -5.3% |
| Gross operating margin | 9900 | €125,992 | €187,709 | +€61,717 | +49.0% |
| Operating profit (loss) | 9901 | €95,614 | €159,693 | +€64,079 | +67.0% |
| Financial income | 75/76B | €157,675 | €107,271 | -€50,405 | -32.0% |
| Recurring financial income | 75 | €157,675 | €107,271 | -€50,405 | -32.0% |
| Financial charges | 65/66B | €4,672 | €6,770 | +€2,098 | +44.9% |
| Recurring financial charges | 65 | €4,672 | €6,770 | +€2,098 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €248,617 | €260,194 | +€11,576 | +4.7% |
| Income taxes | 67/77 | €46,788 | €62,729 | +€15,942 | +34.1% |
| Profit (loss) for the period | 9904 | €201,830 | €197,464 | -€4,365 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €201,830 | €197,464 | -€4,365 | -2.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.