FREOLI: 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.
FREOLI
Largest movements
- Tangible fixed assets -€34,149
down €34,149 (-6.5%), from €526,644 to €492,496
of which Land and buildings: -€33,869
- Receivables within one year +€6,259
up €6,259 (+310%), from €2,016 to €8,275
- Profit (loss) carried forward -€50,907
down €50,907 (-35.7%), from -€142,747 to -€193,655
- Other debts +€38,694
up €38,694 (+13.9%), from €279,219 to €317,913
- Debts after one year -€24,418
down €24,418 (-6.8%), from €356,593 to €332,175
- Trade debts +€5,365
up €5,365 (+84.2%), from €6,370 to €11,735
- Gross operating margin -€11,060
down €11,060 (-63.8%), from €17,344 to €6,284
- Other operating charges +€3,186
up €3,186 (+48.9%), from €6,519 to €9,705
- Financial charges -€855
down €855 (-6.0%), from €14,194 to €13,339
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 | €532,519 | €502,229 | -€30,290 | -5.7% |
| Fixed assets | 21/28 | €526,644 | €492,496 | -€34,149 | -6.5% |
| Tangible fixed assets | 22/27 | €526,644 | €492,496 | -€34,149 | -6.5% |
| Land and buildings | 22 | €525,938 | €492,069 | -€33,869 | -6.4% |
| Furniture and vehicles | 24 | €706 | €426 | -€280 | -39.6% |
| Current assets | 29/58 | €5,875 | €9,733 | +€3,858 | +65.7% |
| Amounts receivable within one year | 40/41 | €2,016 | €8,275 | +€6,259 | +310% |
| Other amounts receivable | 41 | €2,016 | €8,275 | +€6,259 | +310% |
| Cash at bank and in hand | 54/58 | €3,859 | €1,457 | -€2,401 | -62.2% |
| Total equity and liabilities | 10/49 | €532,519 | €502,229 | -€30,290 | -5.7% |
| Equity | 10/15 | -€136,547 | -€187,455 | -€50,907 | -37.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€142,747 | -€193,655 | -€50,907 | -35.7% |
| Amounts payable | 17/49 | €669,067 | €689,683 | +€20,617 | +3.1% |
| Amounts payable after more than one year | 17 | €356,593 | €332,175 | -€24,418 | -6.8% |
| Financial debts | 170/4 | €356,593 | €332,175 | -€24,418 | -6.8% |
| Amounts payable within one year | 42/48 | €311,126 | €356,078 | +€44,952 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €25,537 | €26,431 | +€894 | +3.5% |
| Trade debts | 44 | €6,370 | €11,735 | +€5,365 | +84.2% |
| Suppliers | 440/4 | €6,370 | €11,735 | +€5,365 | +84.2% |
| Other amounts payable | 47/48 | €279,219 | €317,913 | +€38,694 | +13.9% |
| Accrued charges and deferred income | 492/3 | €1,348 | €1,430 | +€82 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,149 | €34,149 | = | 0.0% |
| Other operating charges | 640/8 | €6,519 | €9,705 | +€3,186 | +48.9% |
| Gross operating margin | 9900 | €17,344 | €6,284 | -€11,060 | -63.8% |
| Operating profit (loss) | 9901 | -€23,324 | -€37,569 | -€14,246 | -61.1% |
| Financial income | 75/76B | €122 | €1 | -€122 | -99.4% |
| Recurring financial income | 75 | €122 | €1 | -€122 | -99.4% |
| Financial charges | 65/66B | €14,194 | €13,339 | -€855 | -6.0% |
| Recurring financial charges | 65 | €14,194 | €13,339 | -€855 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€37,395 | -€50,907 | -€13,512 | -36.1% |
| Income taxes | 67/77 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€37,395 | -€50,907 | -€13,512 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,395 | -€50,907 | -€13,512 | -36.1% |
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 22 October 2026 via checked.be.