DR. USE FREDERIQUE: 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.
DR. USE FREDERIQUE
Largest movements
- Cash +€69,412
up €69,412 (+78.1%), from €88,871 to €158,283
mainly Net result for the year (+€75,309) and Depreciation (+€18,496)
- Tangible fixed assets -€15,783
down €15,783 (-12.6%), from €125,675 to €109,893
of which Furniture and vehicles: -€11,406
- Receivables within one year -€9,925
down €9,925 (-5.5%), from €181,436 to €171,511
of which Other amounts receivable: -€9,925
- Receivables after one year -€7,500
down €7,500 (-8.5%), from €88,125 to €80,625
- Reserves +€48,000
up €48,000 (+17.1%), from €280,593 to €328,593
of which Distributable reserves: +€48,000
- Debts after one year -€10,528
down €10,528 (-12.8%), from €82,080 to €71,552
- Gross operating margin +€9,048
up €9,048 (+8.6%), from €105,676 to €114,724
- Financial income +€5,690
up €5,690 (+76.6%), from €7,428 to €13,118
- Taxes +€3,376
up €3,376 (+12.9%), from €26,124 to €29,500
- Depreciation +€3,205
up €3,205 (+21.0%), from €15,291 to €18,496
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 | €506,665 | €539,732 | +€33,066 | +6.5% |
| Fixed assets | 21/28 | €125,675 | €109,893 | -€15,783 | -12.6% |
| Tangible fixed assets | 22/27 | €125,675 | €109,893 | -€15,783 | -12.6% |
| Land and buildings | 22 | €64,233 | €56,033 | -€8,200 | -12.8% |
| Furniture and vehicles | 24 | €45,708 | €34,302 | -€11,406 | -25.0% |
| Other tangible fixed assets | 26 | €15,734 | €19,557 | +€3,824 | +24.3% |
| Current assets | 29/58 | €380,990 | €429,839 | +€48,849 | +12.8% |
| Amounts receivable after more than one year | 29 | €88,125 | €80,625 | -€7,500 | -8.5% |
| Other amounts receivable | 291 | €88,125 | €80,625 | -€7,500 | -8.5% |
| Amounts receivable within one year | 40/41 | €181,436 | €171,511 | -€9,925 | -5.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €181,436 | €171,511 | -€9,925 | -5.5% |
| Cash at bank and in hand | 54/58 | €88,871 | €158,283 | +€69,412 | +78.1% |
| Deferred charges and accrued income | 490/1 | €22,558 | €19,419 | -€3,138 | -13.9% |
| Total equity and liabilities | 10/49 | €506,665 | €539,732 | +€33,066 | +6.5% |
| Equity | 10/15 | €408,680 | €456,988 | +€48,309 | +11.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €280,593 | €328,593 | +€48,000 | +17.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €280,593 | €328,593 | +€48,000 | +17.1% |
| Profit (loss) carried forward | 14 | €109,486 | €109,795 | +€309 | +0.3% |
| Amounts payable | 17/49 | €97,985 | €82,743 | -€15,242 | -15.6% |
| Amounts payable after more than one year | 17 | €82,080 | €71,552 | -€10,528 | -12.8% |
| Financial debts | 170/4 | €82,080 | €71,552 | -€10,528 | -12.8% |
| Amounts payable within one year | 42/48 | €15,521 | €10,803 | -€4,718 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €10,164 | €10,528 | +€363 | +3.6% |
| Trade debts | 44 | €107 | €276 | +€169 | +159% |
| Suppliers | 440/4 | €107 | €276 | +€169 | +159% |
| Taxes, remuneration and social security | 45 | €5,250 | €0 | -€5,250 | -100% |
| Taxes | 450/3 | €5,250 | €0 | -€5,250 | -100% |
| Accrued charges and deferred income | 492/3 | €384 | €387 | +€3 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,291 | €18,496 | +€3,205 | +21.0% |
| Other operating charges | 640/8 | €1,607 | €1,287 | -€320 | -19.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €105,676 | €114,724 | +€9,048 | +8.6% |
| Operating profit (loss) | 9901 | €88,778 | €94,942 | +€6,164 | +6.9% |
| Financial income | 75/76B | €7,428 | €13,118 | +€5,690 | +76.6% |
| Recurring financial income | 75 | €7,428 | €13,118 | +€5,690 | +76.6% |
| Financial charges | 65/66B | €3,610 | €3,250 | -€360 | -10.0% |
| Recurring financial charges | 65 | €3,610 | €3,250 | -€360 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €92,595 | €104,809 | +€12,213 | +13.2% |
| Income taxes | 67/77 | €26,124 | €29,500 | +€3,376 | +12.9% |
| Profit (loss) for the period | 9904 | €66,471 | €75,309 | +€8,837 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,471 | €75,309 | +€8,837 | +13.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.