FRED EAU VERT: 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 EAU VERT
Largest movements
- Tangible fixed assets -€16,463
down €16,463 (-3.3%), from €493,550 to €477,087
- Stocks and contracts -€14,106
down €14,106 (-62.6%), from €22,545 to €8,439
- Debts after one year -€43,134
down €43,134 (-14.6%), from €295,390 to €252,256
of which Financial debts: -€43,134
- Profit (loss) carried forward -€38,381
down €38,381 (-31.4%), from €122,171 to €83,790
- Trade debts +€22,701
up €22,701 (+151.4%), from €14,996 to €37,697
- Short-term financial debts +€21,689
up €21,689 (+311.3%), from €6,968 to €28,657
- Other debts +€8,438
up €8,438 (+70.6%), from €11,955 to €20,393
- Gross operating margin -€73,477
down €73,477, from €66,314 to -€7,163
- Taxes -€7,137
down €7,137 (-98.6%), from €7,235 to €98
- Financial charges -€4,987
down €4,987 (-32.1%), from €15,548 to €10,561
- Other operating charges -€2,192
down €2,192 (-34.8%), from €6,303 to €4,111
- Financial income -€936
down €936 (-98.4%), from €951 to €15
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €522,421 | €493,686 | -€28,735 | -5.5% |
| Fixed assets | 21/28 | €493,550 | €477,087 | -€16,463 | -3.3% |
| Tangible fixed assets | 22/27 | €493,550 | €477,087 | -€16,463 | -3.3% |
| Land and buildings | 22 | €493,550 | €477,087 | -€16,463 | -3.3% |
| Current assets | 29/58 | €28,871 | €16,599 | -€12,272 | -42.5% |
| Stocks and contracts in progress | 3 | €22,545 | €8,439 | -€14,106 | -62.6% |
| Stocks | 30/36 | €22,545 | €8,439 | -€14,106 | -62.6% |
| Amounts receivable within one year | 40/41 | €6,326 | €8,159 | +€1,833 | +29.0% |
| Trade receivables | 40 | €6,183 | €8,159 | +€1,976 | +32.0% |
| Other amounts receivable | 41 | €143 | - | -€143 | |
| Deferred charges and accrued income | 490/1 | - | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €522,421 | €493,686 | -€28,735 | -5.5% |
| Equity | 10/15 | €140,771 | €102,390 | -€38,381 | -27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,171 | €83,790 | -€38,381 | -31.4% |
| Amounts payable | 17/49 | €381,650 | €391,296 | +€9,646 | +2.5% |
| Amounts payable after more than one year | 17 | €295,390 | €252,256 | -€43,134 | -14.6% |
| Financial debts | 170/4 | €265,390 | €222,256 | -€43,134 | -16.3% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,260 | €139,040 | +€52,780 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | €45,106 | €43,134 | -€1,972 | -4.4% |
| Financial debts | 43 | €6,968 | €28,657 | +€21,689 | +311.3% |
| Credit institutions | 430/8 | €6,968 | €28,657 | +€21,689 | +311.3% |
| Trade debts | 44 | €14,996 | €37,697 | +€22,701 | +151.4% |
| Suppliers | 440/4 | €14,996 | €37,697 | +€22,701 | +151.4% |
| Taxes, remuneration and social security | 45 | €7,235 | €9,159 | +€1,924 | +26.6% |
| Taxes | 450/3 | €7,235 | €9,159 | +€1,924 | +26.6% |
| Other amounts payable | 47/48 | €11,955 | €20,393 | +€8,438 | +70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,463 | €16,463 | = | 0.0% |
| Other operating charges | 640/8 | €6,303 | €4,111 | -€2,192 | -34.8% |
| Gross operating margin | 9900 | €66,314 | -€7,163 | -€73,477 | |
| Operating profit (loss) | 9901 | €43,548 | -€27,737 | -€71,285 | |
| Financial income | 75/76B | €951 | €15 | -€936 | -98.4% |
| Recurring financial income | 75 | €951 | €15 | -€936 | -98.4% |
| Financial charges | 65/66B | €15,548 | €10,561 | -€4,987 | -32.1% |
| Recurring financial charges | 65 | €15,548 | €10,561 | -€4,987 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €28,951 | -€38,283 | -€67,234 | |
| Income taxes | 67/77 | €7,235 | €98 | -€7,137 | -98.6% |
| Profit (loss) for the period | 9904 | €21,716 | -€38,381 | -€60,097 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,716 | -€38,381 | -€60,097 |
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 9 October 2026 via checked.be.