FRDConsult: 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.
FRDConsult
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€6,644
down €6,644 (-49.5%), from €13,433 to €6,789
- Cash -€4,507
down €4,507 (-5.5%), from €81,460 to €76,953
mainly Current investments (-€50,000) and Receivables within one year (-€2,739)
- Receivables within one year +€2,739
up €2,739 (+7.7%), from €35,654 to €38,393
of which Other amounts receivable: +€5,690
- Deferred charges and accrued income +€1,903
up €1,903, from €0 to €1,903
- Reserves +€39,349
up €39,349 (+45.1%), from €87,186 to €126,535
- Tax, wage and social debts +€3,503
up €3,503 (+167%), from €2,095 to €5,598
- Gross operating margin -€6,999
down €6,999 (-9.6%), from €72,767 to €65,769
- Taxes -€2,131
down €2,131 (-11.6%), from €18,375 to €16,245
- Other operating charges +€729
up €729 (+101%), from €719 to €1,447
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 | €130,547 | €174,039 | +€43,491 | +33.3% |
| Fixed assets | 21/28 | €13,433 | €6,789 | -€6,644 | -49.5% |
| Tangible fixed assets | 22/27 | €13,433 | €6,789 | -€6,644 | -49.5% |
| Furniture and vehicles | 24 | €13,433 | €6,789 | -€6,644 | -49.5% |
| Current assets | 29/58 | €117,114 | €167,249 | +€50,135 | +42.8% |
| Amounts receivable within one year | 40/41 | €35,654 | €38,393 | +€2,739 | +7.7% |
| Trade receivables | 40 | €30,029 | €27,078 | -€2,951 | -9.8% |
| Other amounts receivable | 41 | €5,625 | €11,315 | +€5,690 | +101% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €81,460 | €76,953 | -€4,507 | -5.5% |
| Deferred charges and accrued income | 490/1 | €0 | €1,903 | +€1,903 | |
| Total equity and liabilities | 10/49 | €130,547 | €174,039 | +€43,491 | +33.3% |
| Equity | 10/15 | €107,186 | €146,535 | +€39,349 | +36.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €87,186 | €126,535 | +€39,349 | +45.1% |
| Distributable reserves | 133 | €87,186 | €126,535 | +€39,349 | +45.1% |
| Amounts payable | 17/49 | €23,362 | €27,504 | +€4,142 | +17.7% |
| Amounts payable within one year | 42/48 | €23,317 | €27,504 | +€4,187 | +18.0% |
| Trade debts | 44 | €76 | €277 | +€201 | +264% |
| Suppliers | 440/4 | €76 | €277 | +€201 | +264% |
| Taxes, remuneration and social security | 45 | €2,095 | €5,598 | +€3,503 | +167% |
| Taxes | 450/3 | €2,095 | €5,598 | +€3,503 | +167% |
| Other amounts payable | 47/48 | €21,146 | €21,629 | +€483 | +2.3% |
| Accrued charges and deferred income | 492/3 | €45 | €0 | -€45 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,644 | €6,644 | = | 0.0% |
| Other operating charges | 640/8 | €719 | €1,447 | +€729 | +101% |
| Gross operating margin | 9900 | €72,767 | €65,769 | -€6,999 | -9.6% |
| Operating profit (loss) | 9901 | €65,405 | €57,678 | -€7,727 | -11.8% |
| Financial charges | 65/66B | €1,863 | €2,084 | +€221 | +11.9% |
| Recurring financial charges | 65 | €1,863 | €2,084 | +€221 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €63,542 | €55,594 | -€7,948 | -12.5% |
| Income taxes | 67/77 | €18,375 | €16,245 | -€2,131 | -11.6% |
| Profit (loss) for the period | 9904 | €45,166 | €39,349 | -€5,818 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,166 | €39,349 | -€5,818 | -12.9% |
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 19 October 2026 via checked.be.