FRE SOLUTIONS: what changed
FRE SOLUTIONS
Largest movements
- Cash +€6,488
up €6,488 (+372%), from €1,744 to €8,232
mainly Net result for the year (+€7,728) and Tax, wage and social debts (+€6,226)
- Receivables within one year +€6,464
up €6,464 (+67.4%), from €9,595 to €16,059
of which Trade receivables: +€5,833
- Tangible fixed assets +€2,370
up €2,370 (+31.9%), from €7,421 to €9,791
of which Plant, machinery and equipment: +€2,719
- Reserves +€6,895
up €6,895 (+161%), from €4,293 to €11,188
- Tax, wage and social debts +€6,226
up €6,226 (+62.0%), from €10,040 to €16,266
of which Taxes: +€3,726
- Other debts +€3,317
up €3,317 (+402%), from €825 to €4,142
- Accrued charges and deferred income -€1,300
down €1,300 (-100%), from €1,300 to €0
- Gross operating margin +€7,647
up €7,647 (+82.3%), from €9,292 to €16,939
- Taxes +€1,726
up €1,726 (+65.3%), from €2,643 to €4,368
- Depreciation +€618
up €618 (+79.0%), from €783 to €1,401
- Financial charges +€251
up €251 (+17.4%), from €1,439 to €1,690
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,703 | €34,976 | +€15,273 | +77.5% |
| Fixed assets | 21/28 | €7,546 | €9,916 | +€2,370 | +31.4% |
| Tangible fixed assets | 22/27 | €7,421 | €9,791 | +€2,370 | +31.9% |
| Plant, machinery and equipment | 23 | €6,578 | €9,297 | +€2,719 | +41.3% |
| Furniture and vehicles | 24 | €843 | €494 | -€349 | -41.4% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €12,157 | €25,060 | +€12,903 | +106% |
| Amounts receivable within one year | 40/41 | €9,595 | €16,059 | +€6,464 | +67.4% |
| Trade receivables | 40 | €9,595 | €15,428 | +€5,833 | +60.8% |
| Other amounts receivable | 41 | - | €632 | +€632 | |
| Cash at bank and in hand | 54/58 | €1,744 | €8,232 | +€6,488 | +372% |
| Deferred charges and accrued income | 490/1 | €818 | €769 | -€50 | -6.1% |
| Total equity and liabilities | 10/49 | €19,703 | €34,976 | +€15,273 | +77.5% |
| Equity | 10/15 | €6,293 | €13,188 | +€6,895 | +110% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,293 | €11,188 | +€6,895 | +161% |
| Distributable reserves | 133 | €4,293 | €11,188 | +€6,895 | +161% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €13,411 | €21,788 | +€8,377 | +62.5% |
| Amounts payable within one year | 42/48 | €12,111 | €21,788 | +€9,677 | +79.9% |
| Trade debts | 44 | €1,245 | €1,379 | +€134 | +10.8% |
| Suppliers | 440/4 | €1,245 | €1,379 | +€134 | +10.8% |
| Taxes, remuneration and social security | 45 | €10,040 | €16,266 | +€6,226 | +62.0% |
| Taxes | 450/3 | €10,040 | €13,766 | +€3,726 | +37.1% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €825 | €4,142 | +€3,317 | +402% |
| Accrued charges and deferred income | 492/3 | €1,300 | €0 | -€1,300 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €783 | €1,401 | +€618 | +79.0% |
| Other operating charges | 640/8 | €164 | €99 | -€65 | -39.4% |
| Non-recurring operating charges | 66A | - | €1,652 | +€1,652 | |
| Gross operating margin | 9900 | €9,292 | €16,939 | +€7,647 | +82.3% |
| Operating profit (loss) | 9901 | €8,345 | €13,786 | +€5,441 | +65.2% |
| Financial income | 75/76B | €29 | €0 | -€28 | -98.7% |
| Recurring financial income | 75 | €29 | €0 | -€28 | -98.7% |
| Financial charges | 65/66B | €1,439 | €1,690 | +€251 | +17.4% |
| Recurring financial charges | 65 | €1,439 | €1,690 | +€251 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €6,935 | €12,097 | +€5,162 | +74.4% |
| Income taxes | 67/77 | €2,643 | €4,368 | +€1,726 | +65.3% |
| Profit (loss) for the period | 9904 | €4,293 | €7,728 | +€3,436 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,293 | €7,728 | +€3,436 | +80.0% |
Next steps
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 4 November 2026 via checked.be.