FREYANCE: 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.
FREYANCE
Largest movements
- Financial fixed assets +€4.5m
up €4.5m (+450%), from €1.0m to €5.5m
- Tangible fixed assets -€381,920
down €381,920 (-69.6%), from €548,833 to €166,913
of which Land and buildings: -€376,834
- Cash -€337,807
down €337,807 (-94.3%), from €358,107 to €20,300
mainly Investment in fixed assets (net) (-€4.1m) and Contributions, distributions and other (-€303,885)
- Current investments -€185,000
down €185,000 (-42.5%), from €435,000 to €250,000
- Receivables after one year -€175,985
down €175,985 (-100%), from €175,985 to €0
- Debts after one year +€1.6m
up €1.6m (+763%), from €208,907 to €1.8m
- Reserves +€905,409
up €905,409 (+42.6%), from €2.1m to €3.0m
- Other debts +€855,526
up €855,526 (+748%), from €114,405 to €969,931
- Gross operating margin +€1.6m
up €1.6m (+1,107%), from €147,935 to €1.8m
- Taxes +€382,429
up €382,429 (+1,280%), from €29,869 to €412,298
- Depreciation -€48,874
down €48,874 (-77.1%), from €63,389 to €14,515
- Financial charges +€48,243
up €48,243 (+541%), from €8,911 to €57,153
- Financial income -€22,609
down €22,609 (-75.4%), from €29,974 to €7,366
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 | €2,552,829 | €5,966,951 | +€3.4m | +134% |
| Fixed assets | 21/28 | €1,548,833 | €5,666,913 | +€4.1m | +266% |
| Tangible fixed assets | 22/27 | €548,833 | €166,913 | -€381,920 | -69.6% |
| Land and buildings | 22 | €543,748 | €166,913 | -€376,834 | -69.3% |
| Furniture and vehicles | 24 | €5,085 | €0 | -€5,085 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,000,000 | €5,500,000 | +€4.5m | +450% |
| Current assets | 29/58 | €1,003,996 | €300,038 | -€703,958 | -70.1% |
| Amounts receivable after more than one year | 29 | €175,985 | €0 | -€175,985 | -100% |
| Other amounts receivable | 291 | €175,985 | €0 | -€175,985 | -100% |
| Amounts receivable within one year | 40/41 | €28,698 | €27,225 | -€1,473 | -5.1% |
| Trade receivables | 40 | €21,780 | €27,225 | +€5,445 | +25.0% |
| Other amounts receivable | 41 | €6,918 | €0 | -€6,918 | -100% |
| Current investments | 50/53 | €435,000 | €250,000 | -€185,000 | -42.5% |
| Cash at bank and in hand | 54/58 | €358,107 | €20,300 | -€337,807 | -94.3% |
| Deferred charges and accrued income | 490/1 | €6,206 | €2,513 | -€3,693 | -59.5% |
| Total equity and liabilities | 10/49 | €2,552,829 | €5,966,951 | +€3.4m | +134% |
| Equity | 10/15 | €2,138,130 | €3,043,539 | +€905,409 | +42.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,125,730 | €3,031,139 | +€905,409 | +42.6% |
| Distributable reserves | 133 | €2,125,730 | €3,031,139 | +€905,409 | +42.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €414,699 | €2,923,412 | +€2.5m | +605% |
| Amounts payable after more than one year | 17 | €208,907 | €1,802,244 | +€1.6m | +763% |
| Financial debts | 170/4 | €208,907 | €1,802,244 | +€1.6m | +763% |
| Amounts payable within one year | 42/48 | €198,805 | €1,067,538 | +€868,734 | +437% |
| Current portion of amounts payable after more than one year | 42 | €18,903 | €19,163 | +€260 | +1.4% |
| Trade debts | 44 | €10,068 | €6,653 | -€3,415 | -33.9% |
| Suppliers | 440/4 | €10,068 | €6,653 | -€3,415 | -33.9% |
| Advances received on contracts in progress | 46 | €25,915 | €0 | -€25,915 | -100% |
| Taxes, remuneration and social security | 45 | €29,514 | €71,791 | +€42,277 | +143% |
| Taxes | 450/3 | €29,514 | €71,791 | +€42,277 | +143% |
| Other amounts payable | 47/48 | €114,405 | €969,931 | +€855,526 | +748% |
| Accrued charges and deferred income | 492/3 | €6,987 | €53,630 | +€46,643 | +668% |
| Non-recurring operating income | 76A | - | €3,396 | +€3,396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,389 | €14,515 | -€48,874 | -77.1% |
| Other operating charges | 640/8 | €5,061 | €18,986 | +€13,925 | +275% |
| Non-recurring operating charges | 66A | - | €80,409 | +€80,409 | |
| Gross operating margin | 9900 | €147,935 | €1,785,289 | +€1.6m | +1,107% |
| Operating profit (loss) | 9901 | €79,486 | €1,671,380 | +€1.6m | +2,003% |
| Financial income | 75/76B | €29,974 | €7,366 | -€22,609 | -75.4% |
| Recurring financial income | 75 | €29,974 | €7,366 | -€22,609 | -75.4% |
| Financial charges | 65/66B | €8,911 | €57,153 | +€48,243 | +541% |
| Recurring financial charges | 65 | €8,911 | €57,153 | +€48,243 | +541% |
| Profit (loss) for the period before taxes | 9903 | €100,550 | €1,621,593 | +€1.5m | +1,513% |
| Income taxes | 67/77 | €29,869 | €412,298 | +€382,429 | +1,280% |
| Profit (loss) for the period | 9904 | €70,681 | €1,209,294 | +€1.1m | +1,611% |
| Profit (loss) for the period to be appropriated | 9905 | €70,681 | €1,209,294 | +€1.1m | +1,611% |
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 28 October 2026 via checked.be.