FREYA JORENS: 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 JORENS
Largest movements
- Current investments +€181,290
new in 2025: €181,290
- Receivables within one year -€111,478
down €111,478 (-96.6%), from €115,381 to €3,903
of which Trade receivables: -€115,131
- Tangible fixed assets -€15,568
down €15,568 (-12.1%), from €128,856 to €113,288
of which Furniture and vehicles: -€15,133
- Cash -€11,186
down €11,186 (-5.1%), from €221,156 to €209,971
mainly Contributions, distributions and other (-€200,000) and Current investments (-€181,290)
- Other debts +€155,068
up €155,068 (+3,145%), from €4,931 to €159,998
- Tax, wage and social debts -€46,247
down €46,247 (-73.3%), from €63,118 to €16,871
- Reserves -€41,580
down €41,580 (-11.3%), from €367,289 to €325,709
of which Distributable reserves: -€41,580
- Current portion of long-term debt -€23,184
down €23,184 (-91.5%), from €25,332 to €2,148
- Gross operating margin -€3,449
down €3,449 (-1.5%), from €229,515 to €226,067
- Depreciation +€3,031
up €3,031 (+16.5%), from €18,346 to €21,377
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.
Derived cash bridge
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 | €467,577 | €511,910 | +€44,333 | +9.5% |
| Fixed assets | 21/28 | €128,856 | €113,288 | -€15,568 | -12.1% |
| Tangible fixed assets | 22/27 | €128,856 | €113,288 | -€15,568 | -12.1% |
| Plant, machinery and equipment | 23 | €686 | €436 | -€250 | -36.4% |
| Furniture and vehicles | 24 | €68,833 | €53,700 | -€15,133 | -22.0% |
| Other tangible fixed assets | 26 | €59,337 | €59,152 | -€185 | -0.3% |
| Current assets | 29/58 | €338,720 | €398,622 | +€59,901 | +17.7% |
| Amounts receivable within one year | 40/41 | €115,381 | €3,903 | -€111,478 | -96.6% |
| Trade receivables | 40 | €115,131 | - | -€115,131 | |
| Other amounts receivable | 41 | €250 | €3,903 | +€3,653 | +1,461% |
| Current investments | 50/53 | - | €181,290 | +€181,290 | |
| Cash at bank and in hand | 54/58 | €221,156 | €209,971 | -€11,186 | -5.1% |
| Deferred charges and accrued income | 490/1 | €2,183 | €3,458 | +€1,276 | +58.4% |
| Total equity and liabilities | 10/49 | €467,577 | €511,910 | +€44,333 | +9.5% |
| Equity | 10/15 | €370,289 | €328,709 | -€41,580 | -11.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €367,289 | €325,709 | -€41,580 | -11.3% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €366,989 | €325,409 | -€41,580 | -11.3% |
| Amounts payable | 17/49 | €97,288 | €183,201 | +€85,912 | +88.3% |
| Amounts payable after more than one year | 17 | €2,148 | - | -€2,148 | |
| Financial debts | 170/4 | €2,148 | - | -€2,148 | |
| Amounts payable within one year | 42/48 | €95,140 | €179,907 | +€84,767 | +89.1% |
| Current portion of amounts payable after more than one year | 42 | €25,332 | €2,148 | -€23,184 | -91.5% |
| Trade debts | 44 | €1,759 | €890 | -€869 | -49.4% |
| Suppliers | 440/4 | €1,759 | €890 | -€869 | -49.4% |
| Taxes, remuneration and social security | 45 | €63,118 | €16,871 | -€46,247 | -73.3% |
| Taxes | 450/3 | €63,118 | €16,871 | -€46,247 | -73.3% |
| Other amounts payable | 47/48 | €4,931 | €159,998 | +€155,068 | +3,145% |
| Accrued charges and deferred income | 492/3 | - | €3,293 | +€3,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,346 | €21,377 | +€3,031 | +16.5% |
| Other operating charges | 640/8 | €1,078 | €780 | -€298 | -27.6% |
| Gross operating margin | 9900 | €229,515 | €226,067 | -€3,449 | -1.5% |
| Operating profit (loss) | 9901 | €210,091 | €203,909 | -€6,182 | -2.9% |
| Financial income | 75/76B | €1,076 | €2,511 | +€1,435 | +133% |
| Recurring financial income | 75 | €1,076 | €2,511 | +€1,435 | +133% |
| Financial charges | 65/66B | €1,263 | €899 | -€364 | -28.8% |
| Recurring financial charges | 65 | €1,263 | €899 | -€364 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €209,904 | €205,521 | -€4,383 | -2.1% |
| Income taxes | 67/77 | €47,647 | €47,100 | -€547 | -1.1% |
| Profit (loss) for the period | 9904 | €162,257 | €158,420 | -€3,836 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €162,257 | €158,420 | -€3,836 | -2.4% |
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 21 October 2026 via checked.be.