FRDRK: 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.
FRDRK
Largest movements
- Cash -€72,229
down €72,229 (-85.4%), from €84,614 to €12,385
mainly Other debts (-€50,204) and Receivables within one year (-€15,317)
- Receivables within one year +€15,317
up €15,317, from €0 to €15,317
of which Trade receivables: +€9,317
- Other debts -€50,204
down €50,204 (-89.5%), from €56,100 to €5,897
- Tax, wage and social debts -€5,867
down €5,867 (-43.8%), from €13,381 to €7,514
- Gross operating margin -€44,867
down €44,867 (-77.8%), from €57,657 to €12,790
- Taxes -€8,614
down €8,614 (-76.8%), from €11,218 to €2,604
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,978 | €34,725 | -€56,253 | -61.8% |
| Fixed assets | 21/28 | €3,919 | €4,817 | +€899 | +22.9% |
| Tangible fixed assets | 22/27 | €3,919 | €4,817 | +€899 | +22.9% |
| Plant, machinery and equipment | 23 | - | €3,087 | +€3,087 | |
| Furniture and vehicles | 24 | €3,919 | €1,730 | -€2,189 | -55.9% |
| Current assets | 29/58 | €87,060 | €29,908 | -€57,152 | -65.6% |
| Amounts receivable within one year | 40/41 | €0 | €15,317 | +€15,317 | |
| Trade receivables | 40 | €0 | €9,317 | +€9,317 | |
| Other amounts receivable | 41 | €0 | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €84,614 | €12,385 | -€72,229 | -85.4% |
| Deferred charges and accrued income | 490/1 | €2,446 | €2,206 | -€240 | -9.8% |
| Total equity and liabilities | 10/49 | €90,978 | €34,725 | -€56,253 | -61.8% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,378 | €16,125 | -€56,253 | -77.7% |
| Amounts payable within one year | 42/48 | €72,378 | €16,125 | -€56,253 | -77.7% |
| Trade debts | 44 | €2,897 | €2,715 | -€182 | -6.3% |
| Suppliers | 440/4 | €2,897 | €2,715 | -€182 | -6.3% |
| Taxes, remuneration and social security | 45 | €13,381 | €7,514 | -€5,867 | -43.8% |
| Taxes | 450/3 | €13,381 | €7,514 | -€5,867 | -43.8% |
| Other amounts payable | 47/48 | €56,100 | €5,897 | -€50,204 | -89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,578 | €2,296 | -€283 | -11.0% |
| Other operating charges | 640/8 | €528 | €604 | +€76 | +14.4% |
| Gross operating margin | 9900 | €57,657 | €12,790 | -€44,867 | -77.8% |
| Operating profit (loss) | 9901 | €54,551 | €9,890 | -€44,660 | -81.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,416 | €1,390 | -€26 | -1.9% |
| Recurring financial charges | 65 | €1,416 | €1,390 | -€26 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €53,135 | €8,501 | -€44,634 | -84.0% |
| Income taxes | 67/77 | €11,218 | €2,604 | -€8,614 | -76.8% |
| Profit (loss) for the period | 9904 | €41,917 | €5,897 | -€36,020 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,917 | €5,897 | -€36,020 | -85.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.