Dick Fréres: what changed
Two fiscal 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.
What changed
Dick Fréres
NACE 49.410, Freight transport by road
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€264,672
2024 · €24,423+€240,249
Equity
€1.1m
2024 · €865,567+€240,390
Cash
€119,226
2024 · €125,452-€6,226
Balance sheet total
€9.5m
2024 · €6.5m+€3.1m
Largest movements
Assets
- Tangible fixed assets +€2.9m
up €2.9m (+63.1%), from €4.6m to €7.5m
of which Leasing and similar rights: +€3.0m
- Receivables within one year +€165,456
up €165,456 (+9.5%), from €1.7m to €1.9m
of which Trade receivables: +€116,213
Equity and liabilities
- Debts after one year +€2.4m
up €2.4m (+100.6%), from €2.4m to €4.9m
- Trade debts +€423,169
up €423,169 (+29.4%), from €1.4m to €1.9m
- Profit (loss) carried forward +€240,390
up €240,390 (+34.4%), from €698,042 to €938,433
- Current portion of long-term debt +€180,674
up €180,674 (+18.4%), from €983,917 to €1.2m
- Other debts -€155,686
down €155,686 (-90.8%), from €171,438 to €15,751
Income statement
- Turnover +€6.0m
new in 2025: €6.0m
- Purchases and services +€3.0m
new in 2025: €3.0m
- Gross operating margin +€557,555
up €557,555 (+18.6%), from €3.0m to €3.6m
- Depreciation +€466,983
up €466,983 (+57.2%), from €816,077 to €1.3m
- Taxes -€357,859
no longer reported in 2025 (was €357,859)
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.
Result 2024
€24,423
Gross operating margin
+€557,555
Staff costs
-€134,532
Depreciation
-€466,983
Other operating charges
-€23,645
Financial income
+€40,580
Financial charges
-€90,584
Taxes
+€357,859
Result 2025
€264,672
Cash bridge derived
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.
From operations
+€1.6m
Investment
-€4.2m
Financing
+€2.6m
Cash 2024
€125,452
From operations (derived)
+€1.6m
Net result for the year
+€264,672
Depreciation
+€1.3m
Receivables within one year
-€165,456
Deferred charges and accrued income
-€4,777
Trade debts
+€423,169
Tax, wage and social debts
-€42,705
Other debts
-€155,686
Investment (derived)
-€4.2m
Investment in fixed assets (net)
-€4.2m
Financing
+€2.6m
Debts after one year
+€2.4m
Current portion of long-term debt
+€180,674
Short-term financial debts
-€21,481
Contributions, distributions and other
-€24,282
Cash 2025
€119,226
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,476,107 | €9,539,970 | +€3.1m | +47.3% |
| Fixed assets | 21/28 | €4,595,867 | €7,495,723 | +€2.9m | +63.1% |
| Tangible fixed assets | 22/27 | €4,595,722 | €7,495,578 | +€2.9m | +63.1% |
| Land and buildings | 22 | €1,829,729 | €1,706,008 | -€123,720 | -6.8% |
| Plant, machinery and equipment | 23 | €62,326 | €53,812 | -€8,515 | -13.7% |
| Furniture and vehicles | 24 | €89,783 | €77,664 | -€12,118 | -13.5% |
| Leasing and similar rights | 25 | €2,613,884 | €5,658,094 | +€3.0m | +116.5% |
| Financial fixed assets | 28 | €145 | €145 | = | 0.0% |
| Current assets | 29/58 | €1,880,240 | €2,044,247 | +€164,007 | +8.7% |
| Stocks and contracts in progress | 3 | €17,380 | €17,380 | = | 0.0% |
| Stocks | 30/36 | €17,380 | €17,380 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,737,408 | €1,902,864 | +€165,456 | +9.5% |
| Trade receivables | 40 | €1,732,570 | €1,848,783 | +€116,213 | +6.7% |
| Other amounts receivable | 41 | €4,839 | €54,081 | +€49,243 | +1017.7% |
| Cash at bank and in hand | 54/58 | €125,452 | €119,226 | -€6,226 | -5.0% |
| Deferred charges and accrued income | 490/1 | - | €4,777 | +€4,777 | |
| Total equity and liabilities | 10/49 | €6,476,107 | €9,539,970 | +€3.1m | +47.3% |
| Equity | 10/15 | €865,567 | €1,105,958 | +€240,390 | +27.8% |
| Contributions | 10/11 | €116,510 | €116,510 | = | 0.0% |
| Capital | 10 | €116,510 | €116,510 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Uncalled capital | 101 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €51,015 | €51,015 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,120 | €1,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | €698,042 | €938,433 | +€240,390 | +34.4% |
| Amounts payable | 17/49 | €5,610,540 | €8,434,013 | +€2.8m | +50.3% |
| Amounts payable after more than one year | 17 | €2,425,804 | €4,865,307 | +€2.4m | +100.6% |
| Financial debts | 170/4 | €2,425,804 | €4,865,307 | +€2.4m | +100.6% |
| Amounts payable within one year | 42/48 | €3,184,735 | €3,568,706 | +€383,971 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €983,917 | €1,164,592 | +€180,674 | +18.4% |
| Financial debts | 43 | €345,432 | €323,951 | -€21,481 | -6.2% |
| Credit institutions | 430/8 | €345,432 | €323,951 | -€21,481 | -6.2% |
| Trade debts | 44 | €1,438,364 | €1,861,533 | +€423,169 | +29.4% |
| Suppliers | 440/4 | €1,438,364 | €1,861,533 | +€423,169 | +29.4% |
| Taxes, remuneration and social security | 45 | €245,584 | €202,879 | -€42,705 | -17.4% |
| Taxes | 450/3 | €153,115 | €105,134 | -€47,981 | -31.3% |
| Remuneration and social security | 454/9 | €92,469 | €97,745 | +€5,277 | +5.7% |
| Other amounts payable | 47/48 | €171,438 | €15,751 | -€155,686 | -90.8% |
| Turnover | 70 | - | €5,978,468 | +€6.0m | |
| Non-recurring operating income | 76A | €46,748 | €600,000 | +€553,252 | +1183.5% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,020,273 | +€3.0m | |
| Remuneration, social security and pensions | 62 | €1,527,284 | €1,661,816 | +€134,532 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €816,077 | €1,283,061 | +€466,983 | +57.2% |
| Other operating charges | 640/8 | €200,271 | €223,916 | +€23,645 | +11.8% |
| Gross operating margin | 9900 | €3,000,640 | €3,558,195 | +€557,555 | +18.6% |
| Operating profit (loss) | 9901 | €457,007 | €389,402 | -€67,606 | -14.8% |
| Financial income | 75/76B | €829 | €41,409 | +€40,580 | +4894.5% |
| Recurring financial income | 75 | €829 | €41,409 | +€40,580 | +4894.5% |
| Financial charges | 65/66B | €75,554 | €166,139 | +€90,584 | +119.9% |
| Recurring financial charges | 65 | €75,554 | €166,139 | +€90,584 | +119.9% |
| Profit (loss) for the period before taxes | 9903 | €382,282 | €264,672 | -€117,610 | -30.8% |
| Income taxes | 67/77 | €357,859 | - | -€357,859 | |
| Profit (loss) for the period | 9904 | €24,423 | €264,672 | +€240,249 | +983.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,423 | €264,672 | +€240,249 | +983.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.