FREMABEL: what changed
What changed
FREMABEL
filed annual accounts (NBB)
Net result for the year
€8,051
2024 · €8,333-€282
Equity
€403,249
2024 · €395,198+€8,051
Cash
€3,933
2024 · €9,130-€5,197
Balance sheet total
€571,923
2024 · €583,859-€11,937
Largest movements
Assets
- Receivables within one year -€17,702
down €17,702 (-97.6%), from €18,135 to €433
- Tangible fixed assets +€10,754
up €10,754 (+1.9%), from €554,298 to €565,052
Equity and liabilities
- Debts after one year -€29,600
down €29,600 (-20.0%), from €148,000 to €118,400
- Other debts +€13,309
new in 2025: €13,309
- Profit (loss) carried forward +€8,051
up €8,051 (+2.1%), from €380,938 to €388,989
Income statement
- Financial charges -€3,805
down €3,805 (-38.1%), from €9,990 to €6,186
- Gross operating margin -€3,482
down €3,482 (-10.7%), from €32,428 to €28,946
- Financial income -€377
down €377 (-64.3%), from €586 to €209
- Depreciation +€339
up €339 (+4.3%), from €7,856 to €8,195
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€8,333
Gross operating margin
-€3,482
Depreciation
-€339
Other operating charges
-€113
Financial income
-€377
Financial charges
+€3,805
Taxes
+€224
Result 2025
€8,051
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€43,352
Investment
-€18,949
Financing
-€29,600
Cash 2024
€9,130
From operations (derived)
+€43,352
Net result for the year
+€8,051
Depreciation
+€8,195
Receivables within one year
+€17,702
Deferred charges and accrued income
-€209
Trade debts
-€3,838
Other debts
+€13,309
Accrued charges and deferred income
+€142
Investment (derived)
-€18,949
Investment in fixed assets (net)
-€18,949
Financing
-€29,600
Debts after one year
-€29,600
Cash 2025
€3,933
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €583,859 | €571,923 | -€11,937 | -2.0% |
| Fixed assets | 21/28 | €554,298 | €565,052 | +€10,754 | +1.9% |
| Tangible fixed assets | 22/27 | €554,298 | €565,052 | +€10,754 | +1.9% |
| Land and buildings | 22 | €554,298 | €565,052 | +€10,754 | +1.9% |
| Current assets | 29/58 | €29,561 | €6,871 | -€22,691 | -76.8% |
| Amounts receivable within one year | 40/41 | €18,135 | €433 | -€17,702 | -97.6% |
| Other amounts receivable | 41 | €18,135 | €433 | -€17,702 | -97.6% |
| Cash at bank and in hand | 54/58 | €9,130 | €3,933 | -€5,197 | -56.9% |
| Deferred charges and accrued income | 490/1 | €2,295 | €2,504 | +€209 | +9.1% |
| Total equity and liabilities | 10/49 | €583,859 | €571,923 | -€11,937 | -2.0% |
| Equity | 10/15 | €395,198 | €403,249 | +€8,051 | +2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €380,938 | €388,989 | +€8,051 | +2.1% |
| Amounts payable | 17/49 | €188,661 | €168,673 | -€19,988 | -10.6% |
| Amounts payable after more than one year | 17 | €148,000 | €118,400 | -€29,600 | -20.0% |
| Financial debts | 170/4 | €148,000 | €118,400 | -€29,600 | -20.0% |
| Amounts payable within one year | 42/48 | €36,462 | €45,932 | +€9,471 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €29,600 | €29,600 | = | 0.0% |
| Trade debts | 44 | €6,861 | €3,023 | -€3,838 | -55.9% |
| Suppliers | 440/4 | €6,861 | €3,023 | -€3,838 | -55.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €13,309 | +€13,309 | |
| Accrued charges and deferred income | 492/3 | €4,200 | €4,342 | +€142 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,856 | €8,195 | +€339 | +4.3% |
| Other operating charges | 640/8 | €3,927 | €4,040 | +€113 | +2.9% |
| Gross operating margin | 9900 | €32,428 | €28,946 | -€3,482 | -10.7% |
| Operating profit (loss) | 9901 | €20,645 | €16,711 | -€3,934 | -19.1% |
| Financial income | 75/76B | €586 | €209 | -€377 | -64.3% |
| Recurring financial income | 75 | €586 | €209 | -€377 | -64.3% |
| Financial charges | 65/66B | €9,990 | €6,186 | -€3,805 | -38.1% |
| Recurring financial charges | 65 | €9,990 | €6,186 | -€3,805 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €11,241 | €10,735 | -€506 | -4.5% |
| Income taxes | 67/77 | €2,908 | €2,684 | -€224 | -7.7% |
| Profit (loss) for the period | 9904 | €8,333 | €8,051 | -€282 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,333 | €8,051 | -€282 | -3.4% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.