FREAK OUT: 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.
FREAK OUT
Largest movements
- Cash +€16,575
up €16,575 (+42.3%), from €39,175 to €55,750
mainly Depreciation (+€14,694) and Net result for the year (+€11,374)
- Stocks and contracts -€11,301
down €11,301 (-14.0%), from €80,992 to €69,691
- Tangible fixed assets -€6,124
down €6,124 (-2.5%), from €248,150 to €242,026
of which Land and buildings: -€8,349
- Receivables within one year -€5,604
down €5,604 (-33.2%), from €16,903 to €11,299
of which Other amounts receivable: -€3,785
- Debts after one year -€25,709
down €25,709 (-11.8%), from €217,267 to €191,557
- Reserves +€11,370
up €11,370 (+104.7%), from €10,860 to €22,230
- Tax, wage and social debts +€8,759
up €8,759 (+67.7%), from €12,932 to €21,691
of which Taxes: +€11,331
- Current portion of long-term debt -€8,041
down €8,041 (-23.8%), from €33,750 to €25,709
- Trade debts +€4,570
up €4,570 (+45.1%), from €10,139 to €14,709
- Gross operating margin +€13,629
up €13,629 (+24.3%), from €56,015 to €69,644
- Taxes +€4,433
up €4,433 (+683.3%), from €649 to €5,081
- Staff costs -€3,855
down €3,855 (-12.8%), from €30,208 to €26,353
- Write-downs +€1,500
new in 2024: €1,500
- Depreciation +€1,057
up €1,057 (+7.8%), from €13,637 to €14,694
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €389,670 | €380,805 | -€8,865 | -2.3% |
| Fixed assets | 21/28 | €248,150 | €242,026 | -€6,124 | -2.5% |
| Tangible fixed assets | 22/27 | €248,150 | €242,026 | -€6,124 | -2.5% |
| Land and buildings | 22 | €247,644 | €239,295 | -€8,349 | -3.4% |
| Plant, machinery and equipment | 23 | €507 | €381 | -€126 | -24.9% |
| Furniture and vehicles | 24 | - | €2,350 | +€2,350 | |
| Current assets | 29/58 | €141,520 | €138,779 | -€2,741 | -1.9% |
| Stocks and contracts in progress | 3 | €80,992 | €69,691 | -€11,301 | -14.0% |
| Stocks | 30/36 | €80,992 | €69,691 | -€11,301 | -14.0% |
| Amounts receivable within one year | 40/41 | €16,903 | €11,299 | -€5,604 | -33.2% |
| Trade receivables | 40 | €10,815 | €8,996 | -€1,819 | -16.8% |
| Other amounts receivable | 41 | €6,089 | €2,304 | -€3,785 | -62.2% |
| Cash at bank and in hand | 54/58 | €39,175 | €55,750 | +€16,575 | +42.3% |
| Deferred charges and accrued income | 490/1 | €4,449 | €2,038 | -€2,411 | -54.2% |
| Total equity and liabilities | 10/49 | €389,670 | €380,805 | -€8,865 | -2.3% |
| Equity | 10/15 | €111,351 | €121,892 | +€10,541 | +9.5% |
| Contributions | 10/11 | €99,600 | €99,600 | = | 0.0% |
| Reserves | 13 | €10,860 | €22,230 | +€11,370 | +104.7% |
| Distributable reserves | 133 | €10,860 | €22,230 | +€11,370 | +104.7% |
| Profit (loss) carried forward | 14 | €891 | €62 | -€829 | -93.1% |
| Amounts payable | 17/49 | €278,320 | €258,914 | -€19,406 | -7.0% |
| Amounts payable after more than one year | 17 | €217,267 | €191,557 | -€25,709 | -11.8% |
| Financial debts | 170/4 | €217,267 | €191,557 | -€25,709 | -11.8% |
| Amounts payable within one year | 42/48 | €58,183 | €63,567 | +€5,384 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €33,750 | €25,709 | -€8,041 | -23.8% |
| Financial debts | 43 | €1,361 | €612 | -€749 | -55.0% |
| Credit institutions | 430/8 | €1,361 | €612 | -€749 | -55.0% |
| Trade debts | 44 | €10,139 | €14,709 | +€4,570 | +45.1% |
| Suppliers | 440/4 | €10,139 | €14,709 | +€4,570 | +45.1% |
| Taxes, remuneration and social security | 45 | €12,932 | €21,691 | +€8,759 | +67.7% |
| Taxes | 450/3 | €9,761 | €21,092 | +€11,331 | +116.1% |
| Remuneration and social security | 454/9 | €3,171 | €600 | -€2,572 | -81.1% |
| Other amounts payable | 47/48 | - | €845 | +€845 | |
| Accrued charges and deferred income | 492/3 | €2,870 | €3,790 | +€920 | +32.1% |
| Remuneration, social security and pensions | 62 | €30,208 | €26,353 | -€3,855 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,637 | €14,694 | +€1,057 | +7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,500 | +€1,500 | |
| Other operating charges | 640/8 | €4,280 | €3,847 | -€432 | -10.1% |
| Gross operating margin | 9900 | €56,015 | €69,644 | +€13,629 | +24.3% |
| Operating profit (loss) | 9901 | €7,890 | €23,250 | +€15,360 | +194.7% |
| Financial income | 75/76B | €3,185 | €2,873 | -€313 | -9.8% |
| Recurring financial income | 75 | €3,185 | €2,873 | -€313 | -9.8% |
| Financial charges | 65/66B | €10,242 | €9,668 | -€574 | -5.6% |
| Recurring financial charges | 65 | €10,242 | €9,668 | -€574 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €833 | €16,455 | +€15,622 | +1874.4% |
| Income taxes | 67/77 | €649 | €5,081 | +€4,433 | +683.3% |
| Profit (loss) for the period | 9904 | €185 | €11,374 | +€11,189 | +6057.7% |
| Profit (loss) for the period to be appropriated | 9905 | €185 | €11,374 | +€11,189 | +6057.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.