FREY WILLE Brussels: what changed
FREY WILLE Brussels
Largest movements
- Receivables within one year +€49,444
up €49,444 (+118%), from €41,841 to €91,285
of which Trade receivables: +€66,445
- Tangible fixed assets -€3,066
down €3,066 (-40.6%), from €7,560 to €4,493
- Deferred charges and accrued income +€1,818
up €1,818 (+224%), from €811 to €2,629
- Cash +€1,729
up €1,729 (+47.7%), from €3,625 to €5,354
mainly Other debts (+€76,551) and Depreciation (+€3,066)
- Other debts +€76,551
new in 2026: €76,551
- Trade debts -€22,668
down €22,668 (-53.4%), from €42,482 to €19,814
- Tax, wage and social debts -€2,282
down €2,282 (-9.0%), from €25,416 to €23,134
of which Remuneration and social security: -€2,808
- Profit (loss) carried forward -€1,676
down €1,676 (-22.6%), from -€7,406 to -€9,082
- Gross operating margin +€20,223
up €20,223 (+14.2%), from €142,891 to €163,114
- Staff costs +€5,459
up €5,459 (+3.7%), from €146,442 to €151,901
- Other operating charges +€3,430
up €3,430 (+414%), from €829 to €4,259
- Depreciation -€1,868
down €1,868 (-37.9%), from €4,934 to €3,066
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,172 | €123,097 | +€49,924 | +68.2% |
| Fixed assets | 21/28 | €26,895 | €23,829 | -€3,066 | -11.4% |
| Tangible fixed assets | 22/27 | €7,560 | €4,493 | -€3,066 | -40.6% |
| Plant, machinery and equipment | 23 | €7,560 | €4,493 | -€3,066 | -40.6% |
| Financial fixed assets | 28 | €19,336 | €19,336 | = | 0.0% |
| Current assets | 29/58 | €46,277 | €99,268 | +€52,991 | +115% |
| Amounts receivable within one year | 40/41 | €41,841 | €91,285 | +€49,444 | +118% |
| Trade receivables | 40 | €23,503 | €89,948 | +€66,445 | +283% |
| Other amounts receivable | 41 | €18,338 | €1,337 | -€17,001 | -92.7% |
| Cash at bank and in hand | 54/58 | €3,625 | €5,354 | +€1,729 | +47.7% |
| Deferred charges and accrued income | 490/1 | €811 | €2,629 | +€1,818 | +224% |
| Total equity and liabilities | 10/49 | €73,172 | €123,097 | +€49,924 | +68.2% |
| Equity | 10/15 | €5,274 | €3,598 | -€1,676 | -31.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €280 | €280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €280 | €280 | = | 0.0% |
| Reserves not available under the articles | 1311 | €280 | €280 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,406 | -€9,082 | -€1,676 | -22.6% |
| Amounts payable | 17/49 | €67,898 | €119,498 | +€51,601 | +76.0% |
| Amounts payable within one year | 42/48 | €67,898 | €119,498 | +€51,601 | +76.0% |
| Trade debts | 44 | €42,482 | €19,814 | -€22,668 | -53.4% |
| Suppliers | 440/4 | €42,482 | €19,814 | -€22,668 | -53.4% |
| Taxes, remuneration and social security | 45 | €25,416 | €23,134 | -€2,282 | -9.0% |
| Taxes | 450/3 | €4,768 | €5,294 | +€526 | +11.0% |
| Remuneration and social security | 454/9 | €20,648 | €17,840 | -€2,808 | -13.6% |
| Other amounts payable | 47/48 | - | €76,551 | +€76,551 | |
| Remuneration, social security and pensions | 62 | €146,442 | €151,901 | +€5,459 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,934 | €3,066 | -€1,868 | -37.9% |
| Other operating charges | 640/8 | €829 | €4,259 | +€3,430 | +414% |
| Gross operating margin | 9900 | €142,891 | €163,114 | +€20,223 | +14.2% |
| Operating profit (loss) | 9901 | -€9,314 | €3,888 | +€13,201 | |
| Financial income | 75/76B | €79 | €232 | +€153 | +195% |
| Recurring financial income | 75 | €79 | €232 | +€153 | +195% |
| Financial charges | 65/66B | €5,610 | €5,796 | +€186 | +3.3% |
| Recurring financial charges | 65 | €5,610 | €5,796 | +€186 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,845 | -€1,676 | +€13,169 | +88.7% |
| Profit (loss) for the period | 9904 | -€14,845 | -€1,676 | +€13,169 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,845 | -€1,676 | +€13,169 | +88.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.