FREYMANN: 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.
FREYMANN
Largest movements
- Cash +€42,133
up €42,133 (+44.6%), from €94,550 to €136,683
mainly Other debts (+€53,866) and Stocks and contracts (+€36,932)
- Stocks and contracts -€36,932
down €36,932 (-38.2%), from €96,748 to €59,816
- Tangible fixed assets -€16,169
down €16,169 (-23.7%), from €68,197 to €52,028
- Other debts +€53,866
new in 2025: €53,866
- Profit (loss) carried forward -€49,266
down €49,266 (-100.0%), from €49,266 to €0
- Debts after one year -€8,426
down €8,426 (-100.0%), from €8,426 to €0
- Current portion of long-term debt -€5,946
down €5,946 (-35.0%), from €16,968 to €11,023
- Trade debts -€3,424
down €3,424 (-47.0%), from €7,283 to €3,859
- Gross operating margin -€23,202
down €23,202 (-50.9%), from €45,596 to €22,394
- Write-downs -€9,073
down €9,073, from €1,658 to -€7,414
- Taxes -€3,910
down €3,910 (-39.4%), from €9,927 to €6,017
- Financial charges -€1,585
down €1,585 (-44.2%), from €3,589 to €2,003
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 | €274,814 | €261,046 | -€13,768 | -5.0% |
| Fixed assets | 21/28 | €68,297 | €52,128 | -€16,169 | -23.7% |
| Tangible fixed assets | 22/27 | €68,197 | €52,028 | -€16,169 | -23.7% |
| Land and buildings | 22 | €53,702 | €45,676 | -€8,026 | -14.9% |
| Plant, machinery and equipment | 23 | €2,168 | €1,346 | -€822 | -37.9% |
| Furniture and vehicles | 24 | €12,327 | €5,006 | -€7,321 | -59.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €206,517 | €208,918 | +€2,401 | +1.2% |
| Stocks and contracts in progress | 3 | €96,748 | €59,816 | -€36,932 | -38.2% |
| Stocks | 30/36 | €96,748 | €59,816 | -€36,932 | -38.2% |
| Amounts receivable within one year | 40/41 | €9,092 | €7,186 | -€1,906 | -21.0% |
| Trade receivables | 40 | €622 | €126 | -€496 | -79.8% |
| Other amounts receivable | 41 | €8,470 | €7,060 | -€1,410 | -16.6% |
| Current investments | 50/53 | €60 | €60 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €94,550 | €136,683 | +€42,133 | +44.6% |
| Deferred charges and accrued income | 490/1 | €6,067 | €5,173 | -€894 | -14.7% |
| Total equity and liabilities | 10/49 | €274,814 | €261,046 | -€13,768 | -5.0% |
| Equity | 10/15 | €226,177 | €179,048 | -€47,129 | -20.8% |
| Contributions | 10/11 | €46,000 | €46,000 | = | 0.0% |
| Reserves | 13 | €130,911 | €133,048 | +€2,137 | +1.6% |
| Tax-exempt reserves | 132 | €15,136 | €12,021 | -€3,114 | -20.6% |
| Distributable reserves | 133 | €115,775 | €121,026 | +€5,251 | +4.5% |
| Profit (loss) carried forward | 14 | €49,266 | €0 | -€49,266 | -100.0% |
| Provisions and deferred taxes | 16 | €3,784 | €3,005 | -€779 | -20.6% |
| Deferred taxes | 168 | €3,784 | €3,005 | -€779 | -20.6% |
| Amounts payable | 17/49 | €44,854 | €78,994 | +€34,140 | +76.1% |
| Amounts payable after more than one year | 17 | €8,426 | €0 | -€8,426 | -100.0% |
| Other amounts payable | 178/9 | €8,426 | €0 | -€8,426 | -100.0% |
| Amounts payable within one year | 42/48 | €33,594 | €77,704 | +€44,110 | +131.3% |
| Current portion of amounts payable after more than one year | 42 | €16,968 | €11,023 | -€5,946 | -35.0% |
| Trade debts | 44 | €7,283 | €3,859 | -€3,424 | -47.0% |
| Suppliers | 440/4 | €7,283 | €3,859 | -€3,424 | -47.0% |
| Advances received on contracts in progress | 46 | €980 | €667 | -€313 | -31.9% |
| Taxes, remuneration and social security | 45 | €8,362 | €8,290 | -€73 | -0.9% |
| Taxes | 450/3 | €4,829 | €4,504 | -€325 | -6.7% |
| Remuneration and social security | 454/9 | €3,533 | €3,785 | +€252 | +7.1% |
| Other amounts payable | 47/48 | - | €53,866 | +€53,866 | |
| Accrued charges and deferred income | 492/3 | €2,834 | €1,289 | -€1,545 | -54.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,814 | €16,169 | +€355 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,658 | -€7,414 | -€9,073 | |
| Other operating charges | 640/8 | €986 | €920 | -€65 | -6.6% |
| Gross operating margin | 9900 | €45,596 | €22,394 | -€23,202 | -50.9% |
| Operating profit (loss) | 9901 | €27,138 | €12,719 | -€14,419 | -53.1% |
| Financial income | 75/76B | €1,116 | €1,260 | +€144 | +12.9% |
| Recurring financial income | 75 | €1,116 | €1,260 | +€144 | +12.9% |
| Financial charges | 65/66B | €3,589 | €2,003 | -€1,585 | -44.2% |
| Recurring financial charges | 65 | €3,589 | €2,003 | -€1,585 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €24,665 | €11,976 | -€12,689 | -51.4% |
| Transfer from deferred taxes | 780 | €779 | €779 | = | 0.0% |
| Income taxes | 67/77 | €9,927 | €6,017 | -€3,910 | -39.4% |
| Profit (loss) for the period | 9904 | €15,516 | €6,737 | -€8,779 | -56.6% |
| Transfer from tax-exempt reserves | 789 | €3,114 | €3,114 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,630 | €9,851 | -€8,779 | -47.1% |
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 10 October 2026 via checked.be.