FRED ARENA: 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.
FRED ARENA
Largest movements
- Tangible fixed assets +€30,188
up €30,188 (+1,055%), from €2,861 to €33,049
of which Furniture and vehicles: +€30,598
- Cash +€12,230
up €12,230 (+189%), from €6,477 to €18,707
mainly Debts after one year (+€22,250) and Net result for the year (+€11,715)
- Receivables within one year -€5,178
down €5,178 (-96.0%), from €5,395 to €217
of which Trade receivables: -€4,678
- Stocks and contracts -€3,284
down €3,284 (-38.3%), from €8,572 to €5,288
- Debts after one year +€22,250
new in 2025: €22,250
- Profit (loss) carried forward +€11,715
up €11,715 (+147%), from €7,981 to €19,696
- Trade debts -€7,644
down €7,644 (-76.0%), from €10,059 to €2,414
- Current portion of long-term debt +€5,527
new in 2025: €5,527
- Tax, wage and social debts +€1,414
up €1,414 (+44.2%), from €3,197 to €4,611
- Staff costs -€22,338
down €22,338 (-93.2%), from €23,979 to €1,642
- Gross operating margin -€4,001
down €4,001 (-16.0%), from €25,048 to €21,047
- Depreciation +€2,464
up €2,464 (+122%), from €2,028 to €4,492
- Other operating charges -€262
down €262 (-17.9%), from €1,467 to €1,205
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 | €23,304 | €57,261 | +€33,956 | +146% |
| Fixed assets | 21/28 | €2,861 | €33,049 | +€30,188 | +1,055% |
| Tangible fixed assets | 22/27 | €2,861 | €33,049 | +€30,188 | +1,055% |
| Furniture and vehicles | 24 | €2,397 | €32,995 | +€30,598 | +1,276% |
| Other tangible fixed assets | 26 | €464 | €54 | -€410 | -88.4% |
| Current assets | 29/58 | €20,443 | €24,212 | +€3,768 | +18.4% |
| Stocks and contracts in progress | 3 | €8,572 | €5,288 | -€3,284 | -38.3% |
| Stocks | 30/36 | €8,572 | €5,288 | -€3,284 | -38.3% |
| Amounts receivable within one year | 40/41 | €5,395 | €217 | -€5,178 | -96.0% |
| Trade receivables | 40 | €4,895 | €217 | -€4,678 | -95.6% |
| Other amounts receivable | 41 | €500 | - | -€500 | |
| Cash at bank and in hand | 54/58 | €6,477 | €18,707 | +€12,230 | +189% |
| Total equity and liabilities | 10/49 | €23,304 | €57,261 | +€33,956 | +146% |
| Equity | 10/15 | €9,981 | €21,696 | +€11,715 | +117% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,981 | €19,696 | +€11,715 | +147% |
| Amounts payable | 17/49 | €13,323 | €35,565 | +€22,242 | +167% |
| Amounts payable after more than one year | 17 | - | €22,250 | +€22,250 | |
| Financial debts | 170/4 | - | €22,250 | +€22,250 | |
| Amounts payable within one year | 42/48 | €13,323 | €13,315 | -€9 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | - | €5,527 | +€5,527 | |
| Trade debts | 44 | €10,059 | €2,414 | -€7,644 | -76.0% |
| Suppliers | 440/4 | €10,059 | €2,414 | -€7,644 | -76.0% |
| Taxes, remuneration and social security | 45 | €3,197 | €4,611 | +€1,414 | +44.2% |
| Taxes | 450/3 | €3,197 | €4,611 | +€1,414 | +44.2% |
| Other amounts payable | 47/48 | €67 | €762 | +€695 | +1,031% |
| Non-recurring operating income | 76A | - | €22 | +€22 | |
| Remuneration, social security and pensions | 62 | €23,979 | €1,642 | -€22,338 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,028 | €4,492 | +€2,464 | +122% |
| Other operating charges | 640/8 | €1,467 | €1,205 | -€262 | -17.9% |
| Non-recurring operating charges | 66A | €589 | €177 | -€412 | -70.0% |
| Gross operating margin | 9900 | €25,048 | €21,047 | -€4,001 | -16.0% |
| Operating profit (loss) | 9901 | -€3,015 | €13,533 | +€16,547 | |
| Financial income | 75/76B | €6 | €27 | +€21 | +334% |
| Recurring financial income | 75 | €6 | €27 | +€21 | +334% |
| Financial charges | 65/66B | €2,072 | €1,845 | -€228 | -11.0% |
| Recurring financial charges | 65 | €2,072 | €1,845 | -€228 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,081 | €11,715 | +€16,796 | |
| Profit (loss) for the period | 9904 | -€5,081 | €11,715 | +€16,796 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,081 | €11,715 | +€16,796 |
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 16 October 2026 via checked.be.