Holding Fréval: 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.
Holding Fréval
Largest movements
- Cash +€90,468
up €90,468 (+29.9%), from €302,806 to €393,275
mainly Other debts (+€264,959) and Net result for the year (+€259,425)
- Tangible fixed assets -€35,695
down €35,695 (-4.9%), from €732,717 to €697,022
of which Land and buildings: -€25,788
- Other debts +€264,959
up €264,959 (+69.6%), from €380,441 to €645,399
- Reserves -€111,709
down €111,709 (-9.0%), from €1.2m to €1.1m
of which Distributable reserves: -€111,709
- Current portion of long-term debt -€90,833
down €90,833 (-69.4%), from €130,833 to €40,000
- Debts after one year -€40,000
down €40,000 (-22.6%), from €176,667 to €136,667
- Financial income +€49,739
up €49,739 (+49.2%), from €101,043 to €150,782
- Depreciation -€24,582
down €24,582 (-40.8%), from €60,276 to €35,695
- Taxes +€20,019
up €20,019 (+41.5%), from €48,207 to €68,225
- Gross operating margin +€16,213
up €16,213 (+7.6%), from €212,394 to €228,607
- Financial charges -€4,496
down €4,496 (-24.4%), from €18,455 to €13,959
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,009,849 | €3,040,322 | +€30,473 | +1.0% |
| Fixed assets | 21/28 | €2,482,742 | €2,447,047 | -€35,695 | -1.4% |
| Tangible fixed assets | 22/27 | €732,717 | €697,022 | -€35,695 | -4.9% |
| Land and buildings | 22 | €686,817 | €661,029 | -€25,788 | -3.8% |
| Furniture and vehicles | 24 | €45,900 | €35,994 | -€9,907 | -21.6% |
| Financial fixed assets | 28 | €1,750,025 | €1,750,025 | = | 0.0% |
| Current assets | 29/58 | €527,107 | €593,275 | +€66,167 | +12.6% |
| Amounts receivable within one year | 40/41 | €224,200 | €200,000 | -€24,200 | -10.8% |
| Trade receivables | 40 | €224,200 | €200,000 | -€24,200 | -10.8% |
| Cash at bank and in hand | 54/58 | €302,806 | €393,275 | +€90,468 | +29.9% |
| Deferred charges and accrued income | 490/1 | €101 | - | -€101 | |
| Total equity and liabilities | 10/49 | €3,009,849 | €3,040,322 | +€30,473 | +1.0% |
| Equity | 10/15 | €2,272,240 | €2,160,530 | -€111,709 | -4.9% |
| Contributions | 10/11 | €880,000 | €880,000 | = | 0.0% |
| Reserves | 13 | €1,236,077 | €1,124,368 | -€111,709 | -9.0% |
| Non-distributable reserves | 130/1 | €8,638 | €8,638 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,638 | €8,638 | = | 0.0% |
| Distributable reserves | 133 | €1,227,439 | €1,115,730 | -€111,709 | -9.1% |
| Profit (loss) carried forward | 14 | €156,163 | €156,163 | = | 0.0% |
| Amounts payable | 17/49 | €737,610 | €879,792 | +€142,182 | +19.3% |
| Amounts payable after more than one year | 17 | €176,667 | €136,667 | -€40,000 | -22.6% |
| Financial debts | 170/4 | €176,667 | €136,667 | -€40,000 | -22.6% |
| Amounts payable within one year | 42/48 | €559,400 | €743,125 | +€183,725 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €130,833 | €40,000 | -€90,833 | -69.4% |
| Trade debts | 44 | €6,786 | €4,366 | -€2,420 | -35.7% |
| Suppliers | 440/4 | €6,786 | €4,366 | -€2,420 | -35.7% |
| Taxes, remuneration and social security | 45 | €41,340 | €53,360 | +€12,020 | +29.1% |
| Taxes | 450/3 | €33,027 | €53,360 | +€20,333 | +61.6% |
| Remuneration and social security | 454/9 | €8,313 | - | -€8,313 | |
| Other amounts payable | 47/48 | €380,441 | €645,399 | +€264,959 | +69.6% |
| Accrued charges and deferred income | 492/3 | €1,543 | - | -€1,543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,276 | €35,695 | -€24,582 | -40.8% |
| Other operating charges | 640/8 | €2,830 | €2,085 | -€745 | -26.3% |
| Gross operating margin | 9900 | €212,394 | €228,607 | +€16,213 | +7.6% |
| Operating profit (loss) | 9901 | €149,288 | €190,827 | +€41,539 | +27.8% |
| Financial income | 75/76B | €101,043 | €150,782 | +€49,739 | +49.2% |
| Recurring financial income | 75 | €101,043 | €150,782 | +€49,739 | +49.2% |
| Financial charges | 65/66B | €18,455 | €13,959 | -€4,496 | -24.4% |
| Recurring financial charges | 65 | €18,455 | €13,959 | -€4,496 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €231,876 | €327,650 | +€95,774 | +41.3% |
| Income taxes | 67/77 | €48,207 | €68,225 | +€20,019 | +41.5% |
| Profit (loss) for the period | 9904 | €183,670 | €259,425 | +€75,755 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €183,670 | €259,425 | +€75,755 | +41.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.