FRED-DECO: 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.
FRED-DECO
Largest movements
- Cash +€56,107
up €56,107 (+551.5%), from €10,173 to €66,280
mainly Net result for the year (+€42,472) and Other debts (+€16,224)
- Receivables within one year -€14,835
down €14,835 (-87.2%), from €17,008 to €2,173
of which Trade receivables: -€14,168
- Tangible fixed assets +€2,906
up €2,906 (+87.5%), from €3,322 to €6,228
- Profit (loss) carried forward +€22,472
up €22,472 (+76.9%), from €29,230 to €51,701
- Other debts +€16,224
new in 2025: €16,224
- Trade debts +€3,415
up €3,415 (+105.5%), from €3,236 to €6,651
- Tax, wage and social debts +€1,392
up €1,392 (+71.8%), from €1,939 to €3,331
- Gross operating margin +€45,905
up €45,905 (+1345.1%), from €3,413 to €49,318
- Depreciation +€1,074
up €1,074 (+119.4%), from €900 to €1,974
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 | €44,865 | €88,367 | +€43,502 | +97.0% |
| Fixed assets | 21/28 | €3,422 | €6,328 | +€2,906 | +84.9% |
| Tangible fixed assets | 22/27 | €3,322 | €6,228 | +€2,906 | +87.5% |
| Furniture and vehicles | 24 | €3,322 | €6,228 | +€2,906 | +87.5% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €41,443 | €82,039 | +€40,596 | +98.0% |
| Amounts receivable within one year | 40/41 | €17,008 | €2,173 | -€14,835 | -87.2% |
| Trade receivables | 40 | €16,000 | €1,832 | -€14,168 | -88.6% |
| Other amounts receivable | 41 | €1,008 | €341 | -€667 | -66.2% |
| Cash at bank and in hand | 54/58 | €10,173 | €66,280 | +€56,107 | +551.5% |
| Deferred charges and accrued income | 490/1 | €14,262 | €13,586 | -€677 | -4.7% |
| Total equity and liabilities | 10/49 | €44,865 | €88,367 | +€43,502 | +97.0% |
| Equity | 10/15 | €39,690 | €62,161 | +€22,472 | +56.6% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,230 | €51,701 | +€22,472 | +76.9% |
| Amounts payable | 17/49 | €5,175 | €26,205 | +€21,030 | +406.4% |
| Amounts payable within one year | 42/48 | €5,175 | €26,205 | +€21,030 | +406.4% |
| Trade debts | 44 | €3,236 | €6,651 | +€3,415 | +105.5% |
| Suppliers | 440/4 | €3,236 | €6,651 | +€3,415 | +105.5% |
| Taxes, remuneration and social security | 45 | €1,939 | €3,331 | +€1,392 | +71.8% |
| Taxes | 450/3 | €1,939 | €3,331 | +€1,392 | +71.8% |
| Other amounts payable | 47/48 | - | €16,224 | +€16,224 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €900 | €1,974 | +€1,074 | +119.4% |
| Other operating charges | 640/8 | €738 | €1,109 | +€371 | +50.2% |
| Gross operating margin | 9900 | €3,413 | €49,318 | +€45,905 | +1345.1% |
| Operating profit (loss) | 9901 | €1,775 | €46,235 | +€44,460 | +2504.8% |
| Financial income | 75/76B | €37 | €45 | +€8 | +22.0% |
| Recurring financial income | 75 | €37 | €45 | +€8 | +22.0% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.2% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | €1,677 | €46,131 | +€44,453 | +2650.3% |
| Income taxes | 67/77 | €3,284 | €3,659 | +€375 | +11.4% |
| Profit (loss) for the period | 9904 | -€1,607 | €42,472 | +€44,078 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,607 | €42,472 | +€44,078 |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.