Le Freyr: what changed
Two fiscal 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 Freyr
Largest movements
- Cash -€20,058
down €20,058 (-40.1%), from €50,003 to €29,945
mainly Net result for the year (-€14,641) and Receivables within one year (-€11,986)
- Receivables within one year +€11,986
up €11,986 (+156.2%), from €7,675 to €19,661
of which Trade receivables: +€13,762
- Tangible fixed assets -€7,535
down €7,535 (-27.6%), from €27,288 to €19,754
of which Furniture and vehicles: -€5,773
- Stocks and contracts -€2,445
down €2,445 (-57.5%), from €4,251 to €1,806
- Profit (loss) carried forward -€14,641
down €14,641 (-21.3%), from €68,805 to €54,164
- Tax, wage and social debts -€5,537
down €5,537 (-42.2%), from €13,113 to €7,576
of which Remuneration and social security: -€4,670
- Trade debts +€1,576
up €1,576 (+48.4%), from €3,256 to €4,832
- Gross operating margin -€149,240
down €149,240, from €145,534 to -€3,706
- Staff costs -€92,828
down €92,828 (-99.4%), from €93,385 to €557
- Taxes -€11,576
no longer reported in 2025 (was €11,576)
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 | €90,174 | €71,572 | -€18,602 | -20.6% |
| Fixed assets | 21/28 | €27,611 | €20,076 | -€7,535 | -27.3% |
| Tangible fixed assets | 22/27 | €27,288 | €19,754 | -€7,535 | -27.6% |
| Plant, machinery and equipment | 23 | €11,950 | €10,188 | -€1,762 | -14.7% |
| Furniture and vehicles | 24 | €15,339 | €9,566 | -€5,773 | -37.6% |
| Financial fixed assets | 28 | €322 | €322 | = | 0.0% |
| Current assets | 29/58 | €62,563 | €51,496 | -€11,067 | -17.7% |
| Stocks and contracts in progress | 3 | €4,251 | €1,806 | -€2,445 | -57.5% |
| Stocks | 30/36 | €4,251 | €1,806 | -€2,445 | -57.5% |
| Amounts receivable within one year | 40/41 | €7,675 | €19,661 | +€11,986 | +156.2% |
| Trade receivables | 40 | - | €13,762 | +€13,762 | |
| Other amounts receivable | 41 | €7,675 | €5,899 | -€1,775 | -23.1% |
| Cash at bank and in hand | 54/58 | €50,003 | €29,945 | -€20,058 | -40.1% |
| Deferred charges and accrued income | 490/1 | €635 | €84 | -€551 | -86.8% |
| Total equity and liabilities | 10/49 | €90,174 | €71,572 | -€18,602 | -20.6% |
| Equity | 10/15 | €73,805 | €59,164 | -€14,641 | -19.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,805 | €54,164 | -€14,641 | -21.3% |
| Amounts payable | 17/49 | €16,369 | €12,408 | -€3,961 | -24.2% |
| Amounts payable within one year | 42/48 | €16,369 | €12,408 | -€3,961 | -24.2% |
| Trade debts | 44 | €3,256 | €4,832 | +€1,576 | +48.4% |
| Suppliers | 440/4 | €3,256 | €4,832 | +€1,576 | +48.4% |
| Taxes, remuneration and social security | 45 | €13,113 | €7,576 | -€5,537 | -42.2% |
| Taxes | 450/3 | €8,443 | €7,576 | -€867 | -10.3% |
| Remuneration and social security | 454/9 | €4,670 | - | -€4,670 | |
| Remuneration, social security and pensions | 62 | €93,385 | €557 | -€92,828 | -99.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,035 | €7,535 | -€500 | -6.2% |
| Other operating charges | 640/8 | €2,672 | €2,759 | +€87 | +3.3% |
| Gross operating margin | 9900 | €145,534 | -€3,706 | -€149,240 | |
| Operating profit (loss) | 9901 | €41,442 | -€14,556 | -€55,998 | |
| Financial income | 75/76B | €317 | €315 | -€2 | -0.5% |
| Recurring financial income | 75 | €317 | €315 | -€2 | -0.5% |
| Financial charges | 65/66B | €631 | €401 | -€230 | -36.5% |
| Recurring financial charges | 65 | €631 | €401 | -€230 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €41,128 | -€14,641 | -€55,769 | |
| Income taxes | 67/77 | €11,576 | - | -€11,576 | |
| Profit (loss) for the period | 9904 | €29,552 | -€14,641 | -€44,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,552 | -€14,641 | -€44,193 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.