LES FREROTS: 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.
LES FREROTS
Largest movements
- Tangible fixed assets -€4,497
down €4,497 (-11.7%), from €38,475 to €33,978
of which Plant, machinery and equipment: -€4,497
- Receivables within one year -€3,477
down €3,477 (-61.6%), from €5,644 to €2,167
of which Trade receivables: -€4,785
- Cash -€2,529
down €2,529 (-16.7%), from €15,161 to €12,633
mainly Debts after one year (-€7,228) and Contributions, distributions and other (-€4,760)
- Debts after one year -€7,228
down €7,228 (-21.7%), from €33,312 to €26,084
- Trade debts -€3,786
down €3,786 (-60.0%), from €6,310 to €2,524
- Tax, wage and social debts -€674
down €674 (-20.7%), from €3,256 to €2,582
of which Taxes: -€1,271
- Gross operating margin -€4,203
down €4,203 (-10.2%), from €41,310 to €37,107
- Staff costs -€2,845
down €2,845 (-15.7%), from €18,162 to €15,317
- Depreciation -€2,303
down €2,303 (-33.9%), from €6,800 to €4,497
- Taxes +€1,994
up €1,994 (+865%), from €230 to €2,224
- Financial charges -€562
down €562 (-11.2%), from €4,998 to €4,436
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 | €62,315 | €51,698 | -€10,617 | -17.0% |
| Fixed assets | 21/28 | €38,475 | €33,978 | -€4,497 | -11.7% |
| Tangible fixed assets | 22/27 | €38,475 | €33,978 | -€4,497 | -11.7% |
| Land and buildings | 22 | €27,440 | €27,440 | = | 0.0% |
| Plant, machinery and equipment | 23 | €11,035 | €6,538 | -€4,497 | -40.8% |
| Current assets | 29/58 | €23,840 | €17,720 | -€6,120 | -25.7% |
| Stocks and contracts in progress | 3 | €1,011 | €989 | -€22 | -2.1% |
| Stocks | 30/36 | €1,011 | €989 | -€22 | -2.1% |
| Amounts receivable within one year | 40/41 | €5,644 | €2,167 | -€3,477 | -61.6% |
| Trade receivables | 40 | €5,575 | €790 | -€4,785 | -85.8% |
| Other amounts receivable | 41 | €70 | €1,377 | +€1,308 | +1,881% |
| Cash at bank and in hand | 54/58 | €15,161 | €12,633 | -€2,529 | -16.7% |
| Deferred charges and accrued income | 490/1 | €2,024 | €1,931 | -€93 | -4.6% |
| Total equity and liabilities | 10/49 | €62,315 | €51,698 | -€10,617 | -17.0% |
| Equity | 10/15 | €9,802 | €10,219 | +€417 | +4.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,802 | €7,219 | +€417 | +6.1% |
| Amounts payable | 17/49 | €52,512 | €41,478 | -€11,034 | -21.0% |
| Amounts payable after more than one year | 17 | €33,312 | €26,084 | -€7,228 | -21.7% |
| Financial debts | 170/4 | €33,312 | €26,084 | -€7,228 | -21.7% |
| Amounts payable within one year | 42/48 | €18,308 | €14,519 | -€3,789 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €6,877 | €7,228 | +€351 | +5.1% |
| Trade debts | 44 | €6,310 | €2,524 | -€3,786 | -60.0% |
| Suppliers | 440/4 | €6,310 | €2,524 | -€3,786 | -60.0% |
| Taxes, remuneration and social security | 45 | €3,256 | €2,582 | -€674 | -20.7% |
| Taxes | 450/3 | €1,635 | €364 | -€1,271 | -77.8% |
| Remuneration and social security | 454/9 | €1,621 | €2,219 | +€598 | +36.9% |
| Other amounts payable | 47/48 | €1,865 | €2,185 | +€320 | +17.1% |
| Accrued charges and deferred income | 492/3 | €893 | €876 | -€17 | -1.9% |
| Remuneration, social security and pensions | 62 | €18,162 | €15,317 | -€2,845 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,800 | €4,497 | -€2,303 | -33.9% |
| Other operating charges | 640/8 | €5,505 | €5,547 | +€42 | +0.8% |
| Gross operating margin | 9900 | €41,310 | €37,107 | -€4,203 | -10.2% |
| Operating profit (loss) | 9901 | €10,843 | €11,746 | +€903 | +8.3% |
| Financial income | 75/76B | €110 | €91 | -€18 | -16.8% |
| Recurring financial income | 75 | €110 | €91 | -€18 | -16.8% |
| Financial charges | 65/66B | €4,998 | €4,436 | -€562 | -11.2% |
| Recurring financial charges | 65 | €4,998 | €4,436 | -€562 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €5,955 | €7,402 | +€1,447 | +24.3% |
| Income taxes | 67/77 | €230 | €2,224 | +€1,994 | +865% |
| Profit (loss) for the period | 9904 | €5,724 | €5,177 | -€547 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,724 | €5,177 | -€547 | -9.6% |
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 20 October 2026 via checked.be.