FRED Electric: 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 Electric
Largest movements
- Cash +€14,272
up €14,272 (+49.4%), from €28,918 to €43,189
mainly Net result for the year (+€18,403) and Depreciation (+€5,137)
- Tangible fixed assets -€5,137
down €5,137 (-42.0%), from €12,245 to €7,108
- Receivables within one year +€3,801
up €3,801 (+90.7%), from €4,193 to €7,994
of which Trade receivables: +€2,318
- Reserves +€19,000
up €19,000 (+190%), from €10,000 to €29,000
- Current portion of long-term debt -€3,769
down €3,769 (-58.0%), from €6,496 to €2,727
- Trade debts +€3,497
up €3,497 (+2,853%), from €123 to €3,620
- Debts after one year -€2,727
no longer reported in 2025 (was €2,727)
- Other debts -€2,150
down €2,150 (-70.1%), from €3,069 to €919
- Gross operating margin +€8,124
up €8,124 (+37.7%), from €21,560 to €29,684
- Taxes +€1,738
up €1,738 (+53.4%), from €3,257 to €4,995
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 | €45,923 | €58,366 | +€12,444 | +27.1% |
| Fixed assets | 21/28 | €12,320 | €7,183 | -€5,137 | -41.7% |
| Tangible fixed assets | 22/27 | €12,245 | €7,108 | -€5,137 | -42.0% |
| Furniture and vehicles | 24 | €12,245 | €7,108 | -€5,137 | -42.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €33,603 | €51,183 | +€17,581 | +52.3% |
| Amounts receivable within one year | 40/41 | €4,193 | €7,994 | +€3,801 | +90.7% |
| Trade receivables | 40 | €3,518 | €5,835 | +€2,318 | +65.9% |
| Other amounts receivable | 41 | €675 | €2,159 | +€1,483 | +220% |
| Cash at bank and in hand | 54/58 | €28,918 | €43,189 | +€14,272 | +49.4% |
| Deferred charges and accrued income | 490/1 | €492 | - | -€492 | |
| Total equity and liabilities | 10/49 | €45,923 | €58,366 | +€12,444 | +27.1% |
| Equity | 10/15 | €30,048 | €48,451 | +€18,403 | +61.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,000 | €29,000 | +€19,000 | +190% |
| Distributable reserves | 133 | €10,000 | €29,000 | +€19,000 | +190% |
| Profit (loss) carried forward | 14 | €1,448 | €851 | -€597 | -41.2% |
| Amounts payable | 17/49 | €15,875 | €9,915 | -€5,960 | -37.5% |
| Amounts payable after more than one year | 17 | €2,727 | - | -€2,727 | |
| Financial debts | 170/4 | €2,727 | - | -€2,727 | |
| Amounts payable within one year | 42/48 | €13,148 | €9,915 | -€3,233 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €6,496 | €2,727 | -€3,769 | -58.0% |
| Trade debts | 44 | €123 | €3,620 | +€3,497 | +2,853% |
| Suppliers | 440/4 | €123 | €3,620 | +€3,497 | +2,853% |
| Taxes, remuneration and social security | 45 | €3,461 | €2,650 | -€811 | -23.4% |
| Taxes | 450/3 | €1,861 | €1,050 | -€811 | -43.6% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €3,069 | €919 | -€2,150 | -70.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,137 | €5,137 | = | 0.0% |
| Other operating charges | 640/8 | €1,089 | €910 | -€179 | -16.4% |
| Gross operating margin | 9900 | €21,560 | €29,684 | +€8,124 | +37.7% |
| Operating profit (loss) | 9901 | €15,334 | €23,637 | +€8,303 | +54.1% |
| Financial income | 75/76B | €0 | €12 | +€12 | +61,250% |
| Recurring financial income | 75 | €0 | €12 | +€12 | +61,250% |
| Financial charges | 65/66B | €273 | €252 | -€22 | -7.9% |
| Recurring financial charges | 65 | €273 | €252 | -€22 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €15,061 | €23,398 | +€8,337 | +55.4% |
| Income taxes | 67/77 | €3,257 | €4,995 | +€1,738 | +53.4% |
| Profit (loss) for the period | 9904 | €11,804 | €18,403 | +€6,599 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,804 | €18,403 | +€6,599 | +55.9% |
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 20 October 2026 via checked.be.