FREYA: 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.
FREYA
Largest movements
- Cash +€3,666
up €3,666 (+5.0%), from €73,492 to €77,158
mainly Other debts (+€48,995) and Depreciation (+€2,789)
- Tangible fixed assets -€2,062
down €2,062 (-33.9%), from €6,079 to €4,017
of which Plant, machinery and equipment: -€1,174
- Stocks and contracts -€1,186
no longer reported in 2025 (was €1,186)
- Profit (loss) carried forward -€49,156
down €49,156 (-75.1%), from €65,484 to €16,328
- Other debts +€48,995
up €48,995 (+57243.8%), from €86 to €49,081
- Gross operating margin -€7,747
down €7,747 (-69.7%), from €11,115 to €3,367
- Depreciation +€851
up €851 (+43.9%), from €1,938 to €2,789
- Financial income +€358
up €358 (+1573.8%), from €23 to €380
- Taxes -€276
down €276 (-41.7%), from €661 to €385
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 | €87,642 | €86,999 | -€643 | -0.7% |
| Fixed assets | 21/28 | €6,129 | €4,067 | -€2,062 | -33.6% |
| Tangible fixed assets | 22/27 | €6,079 | €4,017 | -€2,062 | -33.9% |
| Plant, machinery and equipment | 23 | €4,539 | €3,365 | -€1,174 | -25.9% |
| Furniture and vehicles | 24 | €1,540 | €652 | -€889 | -57.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €81,513 | €82,932 | +€1,419 | +1.7% |
| Stocks and contracts in progress | 3 | €1,186 | - | -€1,186 | |
| Stocks | 30/36 | €1,186 | - | -€1,186 | |
| Amounts receivable within one year | 40/41 | €5,349 | €5,003 | -€346 | -6.5% |
| Trade receivables | 40 | €4,507 | €2,429 | -€2,078 | -46.1% |
| Other amounts receivable | 41 | €842 | €2,574 | +€1,732 | +205.8% |
| Cash at bank and in hand | 54/58 | €73,492 | €77,158 | +€3,666 | +5.0% |
| Deferred charges and accrued income | 490/1 | €1,486 | €771 | -€716 | -48.1% |
| Total equity and liabilities | 10/49 | €87,642 | €86,999 | -€643 | -0.7% |
| Equity | 10/15 | €85,944 | €36,788 | -€49,156 | -57.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,484 | €16,328 | -€49,156 | -75.1% |
| Amounts payable | 17/49 | €1,698 | €50,211 | +€48,513 | +2856.8% |
| Amounts payable within one year | 42/48 | €1,567 | €50,211 | +€48,644 | +3103.7% |
| Trade debts | 44 | €837 | €87 | -€750 | -89.7% |
| Suppliers | 440/4 | €837 | €87 | -€750 | -89.7% |
| Taxes, remuneration and social security | 45 | €645 | €1,044 | +€399 | +61.9% |
| Taxes | 450/3 | €645 | €1,044 | +€399 | +61.9% |
| Other amounts payable | 47/48 | €86 | €49,081 | +€48,995 | +57243.8% |
| Accrued charges and deferred income | 492/3 | €131 | - | -€131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,938 | €2,789 | +€851 | +43.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €11,115 | €3,367 | -€7,747 | -69.7% |
| Operating profit (loss) | 9901 | €8,790 | €179 | -€8,611 | -98.0% |
| Financial income | 75/76B | €23 | €380 | +€358 | +1573.8% |
| Recurring financial income | 75 | €23 | €380 | +€358 | +1573.8% |
| Financial charges | 65/66B | €274 | €330 | +€56 | +20.4% |
| Recurring financial charges | 65 | €274 | €330 | +€56 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €8,538 | €229 | -€8,309 | -97.3% |
| Income taxes | 67/77 | €661 | €385 | -€276 | -41.7% |
| Profit (loss) for the period | 9904 | €7,877 | -€156 | -€8,033 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,877 | -€156 | -€8,033 |
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 12 October 2026 via checked.be.