ASKFRED: 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.
ASKFRED
Largest movements
- Receivables within one year +€31,182
up €31,182 (+247%), from €12,604 to €43,786
of which Trade receivables: +€32,140
- Current investments -€26,680
down €26,680 (-53.3%), from €50,094 to €23,414
- Cash +€14,281
up €14,281 (+48.1%), from €29,714 to €43,994
mainly Net result for the year (+€78,575) and Current investments (+€26,680)
- Tangible fixed assets -€12,261
down €12,261 (-3.9%), from €313,373 to €301,112
of which Land and buildings: -€11,210
- Trade debts +€23,874
up €23,874 (+57,211%), from €42 to €23,916
- Debts after one year -€18,393
down €18,393 (-10.5%), from €174,590 to €156,198
- Other debts -€9,535
down €9,535 (-16.1%), from €59,185 to €49,650
- Tax, wage and social debts +€8,216
up €8,216 (+208%), from €3,952 to €12,169
- Gross operating margin +€21,892
up €21,892 (+25.4%), from €86,194 to €108,085
- Financial income +€18,038
up €18,038 (+4,138%), from €436 to €18,474
- Taxes +€13,251
up €13,251 (+93.0%), from €14,250 to €27,501
- Financial charges -€1,695
down €1,695 (-22.2%), from €7,644 to €5,949
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 | €406,595 | €414,174 | +€7,580 | +1.9% |
| Fixed assets | 21/28 | €313,373 | €301,112 | -€12,261 | -3.9% |
| Tangible fixed assets | 22/27 | €313,373 | €301,112 | -€12,261 | -3.9% |
| Land and buildings | 22 | €308,938 | €297,728 | -€11,210 | -3.6% |
| Furniture and vehicles | 24 | €4,434 | €3,384 | -€1,051 | -23.7% |
| Current assets | 29/58 | €93,222 | €113,062 | +€19,840 | +21.3% |
| Amounts receivable within one year | 40/41 | €12,604 | €43,786 | +€31,182 | +247% |
| Trade receivables | 40 | €11,644 | €43,784 | +€32,140 | +276% |
| Other amounts receivable | 41 | €960 | €2 | -€958 | -99.8% |
| Current investments | 50/53 | €50,094 | €23,414 | -€26,680 | -53.3% |
| Cash at bank and in hand | 54/58 | €29,714 | €43,994 | +€14,281 | +48.1% |
| Deferred charges and accrued income | 490/1 | €810 | €1,868 | +€1,057 | +130% |
| Total equity and liabilities | 10/49 | €406,595 | €414,174 | +€7,580 | +1.9% |
| Equity | 10/15 | €149,505 | €151,898 | +€2,393 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,905 | €133,298 | +€2,393 | +1.8% |
| Distributable reserves | 133 | €130,905 | €133,298 | +€2,393 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €257,090 | €262,276 | +€5,186 | +2.0% |
| Amounts payable after more than one year | 17 | €174,590 | €156,198 | -€18,393 | -10.5% |
| Financial debts | 170/4 | €174,590 | €156,198 | -€18,393 | -10.5% |
| Amounts payable within one year | 42/48 | €82,499 | €105,103 | +€22,604 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €18,152 | €18,393 | +€241 | +1.3% |
| Financial debts | 43 | €1,169 | €976 | -€193 | -16.5% |
| Credit institutions | 430/8 | €1,169 | €976 | -€193 | -16.5% |
| Trade debts | 44 | €42 | €23,916 | +€23,874 | +57,211% |
| Suppliers | 440/4 | €42 | €23,916 | +€23,874 | +57,211% |
| Taxes, remuneration and social security | 45 | €3,952 | €12,169 | +€8,216 | +208% |
| Taxes | 450/3 | €3,952 | €12,169 | +€8,216 | +208% |
| Other amounts payable | 47/48 | €59,185 | €49,650 | -€9,535 | -16.1% |
| Accrued charges and deferred income | 492/3 | - | €975 | +€975 | |
| Non-recurring operating income | 76A | - | €54 | +€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,342 | €13,838 | -€504 | -3.5% |
| Other operating charges | 640/8 | €743 | €696 | -€47 | -6.3% |
| Gross operating margin | 9900 | €86,194 | €108,085 | +€21,892 | +25.4% |
| Operating profit (loss) | 9901 | €71,108 | €93,551 | +€22,443 | +31.6% |
| Financial income | 75/76B | €436 | €18,474 | +€18,038 | +4,138% |
| Recurring financial income | 75 | €436 | €18,474 | +€18,038 | +4,138% |
| Financial charges | 65/66B | €7,644 | €5,949 | -€1,695 | -22.2% |
| Recurring financial charges | 65 | €7,644 | €5,949 | -€1,695 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €63,900 | €106,076 | +€42,176 | +66.0% |
| Income taxes | 67/77 | €14,250 | €27,501 | +€13,251 | +93.0% |
| Profit (loss) for the period | 9904 | €49,650 | €78,575 | +€28,925 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,650 | €78,575 | +€28,925 | +58.3% |
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 13 October 2026 via checked.be.