FREYR MANAGEMENT: 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.
FREYR MANAGEMENT
Largest movements
- Cash -€94,567
down €94,567 (-38.9%), from €243,314 to €148,747
mainly Contributions, distributions and other (-€134,900) and Other debts (-€99,234)
- Current investments -€13,000
down €13,000 (-33.3%), from €39,000 to €26,000
- Tangible fixed assets +€8,515
up €8,515, from €0 to €8,515
- Other debts -€99,234
down €99,234 (-37.7%), from €263,412 to €164,178
- Gross operating margin +€3,503
up €3,503 (+2.0%), from €171,018 to €174,522
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 | €285,968 | €188,871 | -€97,097 | -34.0% |
| Fixed assets | 21/28 | €0 | €8,515 | +€8,515 | |
| Tangible fixed assets | 22/27 | €0 | €8,515 | +€8,515 | |
| Furniture and vehicles | 24 | €0 | €8,515 | +€8,515 | |
| Current assets | 29/58 | €285,968 | €180,356 | -€105,612 | -36.9% |
| Amounts receivable within one year | 40/41 | €2,513 | €4,384 | +€1,870 | +74.4% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €2,513 | €4,384 | +€1,870 | +74.4% |
| Current investments | 50/53 | €39,000 | €26,000 | -€13,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €243,314 | €148,747 | -€94,567 | -38.9% |
| Deferred charges and accrued income | 490/1 | €1,140 | €1,224 | +€84 | +7.4% |
| Total equity and liabilities | 10/49 | €285,968 | €188,871 | -€97,097 | -34.0% |
| Equity | 10/15 | €10,387 | €10,053 | -€334 | -3.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €387 | €53 | -€334 | -86.2% |
| Amounts payable | 17/49 | €275,581 | €178,817 | -€96,763 | -35.1% |
| Amounts payable within one year | 42/48 | €275,581 | €178,817 | -€96,763 | -35.1% |
| Trade debts | 44 | €28 | €1,285 | +€1,258 | +4,573% |
| Suppliers | 440/4 | €28 | €1,285 | +€1,258 | +4,573% |
| Taxes, remuneration and social security | 45 | €12,141 | €13,354 | +€1,213 | +10.0% |
| Taxes | 450/3 | €12,141 | €13,354 | +€1,213 | +10.0% |
| Other amounts payable | 47/48 | €263,412 | €164,178 | -€99,234 | -37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,137 | +€1,137 | |
| Other operating charges | 640/8 | €1,068 | €1,166 | +€98 | +9.2% |
| Gross operating margin | 9900 | €171,018 | €174,522 | +€3,503 | +2.0% |
| Operating profit (loss) | 9901 | €169,951 | €172,219 | +€2,268 | +1.3% |
| Financial income | 75/76B | €1,560 | €1,170 | -€390 | -25.0% |
| Recurring financial income | 75 | €1,560 | €1,170 | -€390 | -25.0% |
| Financial charges | 65/66B | €516 | €342 | -€174 | -33.7% |
| Recurring financial charges | 65 | €516 | €342 | -€174 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €170,995 | €173,047 | +€2,052 | +1.2% |
| Income taxes | 67/77 | €37,955 | €38,481 | +€526 | +1.4% |
| Profit (loss) for the period | 9904 | €133,040 | €134,566 | +€1,526 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €133,040 | €134,566 | +€1,526 | +1.1% |
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 16 October 2026 via checked.be.