FREYA NELEN: 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 NELEN
Largest movements
- Cash -€3,871
down €3,871 (-49.5%), from €7,821 to €3,950
mainly Net result for the year (-€4,206) and Investment in fixed assets (net) (-€3,678)
- Tangible fixed assets +€2,423
up €2,423 (+82.7%), from €2,930 to €5,352
of which Other tangible fixed assets: +€3,239
- Receivables within one year -€200
down €200 (-100%), from €200 to €0
- Reserves -€4,206
down €4,206 (-99.9%), from €4,212 to €6
- Tax, wage and social debts +€1,957
up €1,957 (+69.5%), from €2,814 to €4,772
of which Remuneration and social security: +€1,850
- Other debts +€595
up €595 (+74.5%), from €799 to €1,394
- Gross operating margin -€7,057
down €7,057, from €4,861 to -€2,196
- Taxes -€1,140
down €1,140 (-90.3%), from €1,263 to €123
- Depreciation +€1,047
up €1,047 (+502%), from €209 to €1,256
- Other operating charges +€402
up €402 (+340%), from €118 to €520
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 | €12,017 | €10,371 | -€1,647 | -13.7% |
| Fixed assets | 21/28 | €3,815 | €6,237 | +€2,423 | +63.5% |
| Tangible fixed assets | 22/27 | €2,930 | €5,352 | +€2,423 | +82.7% |
| Plant, machinery and equipment | 23 | €1,522 | €1,179 | -€344 | -22.6% |
| Furniture and vehicles | 24 | €1,407 | €934 | -€473 | -33.6% |
| Other tangible fixed assets | 26 | - | €3,239 | +€3,239 | |
| Financial fixed assets | 28 | €885 | €885 | = | 0.0% |
| Current assets | 29/58 | €8,203 | €4,133 | -€4,069 | -49.6% |
| Amounts receivable within one year | 40/41 | €200 | €0 | -€200 | -100% |
| Trade receivables | 40 | €200 | €0 | -€200 | -100% |
| Cash at bank and in hand | 54/58 | €7,821 | €3,950 | -€3,871 | -49.5% |
| Deferred charges and accrued income | 490/1 | €182 | €184 | +€2 | +1.0% |
| Total equity and liabilities | 10/49 | €12,017 | €10,371 | -€1,647 | -13.7% |
| Equity | 10/15 | €6,212 | €2,006 | -€4,206 | -67.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,212 | €6 | -€4,206 | -99.9% |
| Distributable reserves | 133 | €4,212 | €6 | -€4,206 | -99.9% |
| Amounts payable | 17/49 | €5,805 | €8,365 | +€2,559 | +44.1% |
| Amounts payable within one year | 42/48 | €5,805 | €8,365 | +€2,559 | +44.1% |
| Trade debts | 44 | €2,192 | €2,200 | +€7 | +0.3% |
| Suppliers | 440/4 | €2,192 | €2,200 | +€7 | +0.3% |
| Taxes, remuneration and social security | 45 | €2,814 | €4,772 | +€1,957 | +69.5% |
| Taxes | 450/3 | €2,814 | €2,922 | +€107 | +3.8% |
| Remuneration and social security | 454/9 | - | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | €799 | €1,394 | +€595 | +74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209 | €1,256 | +€1,047 | +502% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340% |
| Gross operating margin | 9900 | €4,861 | -€2,196 | -€7,057 | |
| Operating profit (loss) | 9901 | €4,534 | -€3,972 | -€8,506 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €96 | €112 | +€16 | +16.7% |
| Recurring financial charges | 65 | €96 | €112 | +€16 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €4,440 | -€4,083 | -€8,523 | |
| Income taxes | 67/77 | €1,263 | €123 | -€1,140 | -90.3% |
| Profit (loss) for the period | 9904 | €3,177 | -€4,206 | -€7,383 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,177 | -€4,206 | -€7,383 |
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 25 October 2026 via checked.be.