Le frêne bleu: 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.
Le frêne bleu
Largest movements
- Cash +€18,529
up €18,529 (+83.7%), from €22,130 to €40,659
mainly Net result for the year (+€31,211) and Deferred charges and accrued income (+€5,809)
- Deferred charges and accrued income -€5,809
down €5,809 (-91.5%), from €6,347 to €538
- Receivables within one year +€4,673
up €4,673 (+96.9%), from €4,821 to €9,495
of which Other amounts receivable: +€4,449
- Tangible fixed assets -€4,100
down €4,100 (-47.4%), from €8,657 to €4,557
- Profit (loss) carried forward +€24,068
new in 2025: €24,068
- Trade debts -€8,151
down €8,151 (-99.4%), from €8,200 to €49
- Tax, wage and social debts -€2,796
down €2,796 (-100%), from €2,796 to €0
- Taxes -€2,956
down €2,956 (-20.5%), from €14,411 to €11,455
- Gross operating margin -€1,790
down €1,790 (-3.6%), from €49,267 to €47,477
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 | €41,956 | €55,249 | +€13,293 | +31.7% |
| Fixed assets | 21/28 | €8,657 | €4,557 | -€4,100 | -47.4% |
| Tangible fixed assets | 22/27 | €8,657 | €4,557 | -€4,100 | -47.4% |
| Furniture and vehicles | 24 | €8,657 | €4,557 | -€4,100 | -47.4% |
| Current assets | 29/58 | €33,299 | €50,692 | +€17,393 | +52.2% |
| Amounts receivable within one year | 40/41 | €4,821 | €9,495 | +€4,673 | +96.9% |
| Trade receivables | 40 | - | €224 | +€224 | |
| Other amounts receivable | 41 | €4,821 | €9,271 | +€4,449 | +92.3% |
| Cash at bank and in hand | 54/58 | €22,130 | €40,659 | +€18,529 | +83.7% |
| Deferred charges and accrued income | 490/1 | €6,347 | €538 | -€5,809 | -91.5% |
| Total equity and liabilities | 10/49 | €41,956 | €55,249 | +€13,293 | +31.7% |
| Equity | 10/15 | €30,960 | €55,028 | +€24,068 | +77.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,960 | €27,960 | = | 0.0% |
| Distributable reserves | 133 | €27,960 | €27,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €24,068 | +€24,068 | |
| Amounts payable | 17/49 | €10,996 | €221 | -€10,775 | -98.0% |
| Amounts payable within one year | 42/48 | €10,996 | €49 | -€10,947 | -99.6% |
| Trade debts | 44 | €8,200 | €49 | -€8,151 | -99.4% |
| Suppliers | 440/4 | €8,200 | €49 | -€8,151 | -99.4% |
| Taxes, remuneration and social security | 45 | €2,796 | €0 | -€2,796 | -100% |
| Taxes | 450/3 | €2,796 | €0 | -€2,796 | -100% |
| Accrued charges and deferred income | 492/3 | - | €171 | +€171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,643 | €4,100 | +€457 | +12.5% |
| Other operating charges | 640/8 | €856 | €695 | -€162 | -18.9% |
| Gross operating margin | 9900 | €49,267 | €47,477 | -€1,790 | -3.6% |
| Operating profit (loss) | 9901 | €44,768 | €42,682 | -€2,086 | -4.7% |
| Financial income | 75/76B | €98 | €57 | -€42 | -42.5% |
| Recurring financial income | 75 | €98 | €57 | -€42 | -42.5% |
| Financial charges | 65/66B | €67 | €73 | +€6 | +8.4% |
| Recurring financial charges | 65 | €67 | €73 | +€6 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €44,799 | €42,666 | -€2,133 | -4.8% |
| Income taxes | 67/77 | €14,411 | €11,455 | -€2,956 | -20.5% |
| Profit (loss) for the period | 9904 | €30,389 | €31,211 | +€823 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,389 | €31,211 | +€823 | +2.7% |
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 26 October 2026 via checked.be.