FRED ELECTRIQUE: 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 ELECTRIQUE
Largest movements
- Receivables within one year +€40,558
up €40,558 (+155%), from €26,174 to €66,732
of which Trade receivables: +€37,928
- Cash +€8,753
up €8,753 (+38.4%), from €22,810 to €31,563
mainly Net result for the year (+€74,458) and Trade debts (+€13,253)
- Stocks and contracts +€5,923
up €5,923 (+65.1%), from €9,095 to €15,018
- Financial fixed assets -€2,130
no longer reported in 2024 (was €2,130)
- Reserves +€37,450
up €37,450 (+86.9%), from €43,080 to €80,530
of which Distributable reserves: +€37,850
- Trade debts +€13,253
up €13,253 (+270%), from €4,911 to €18,164
- Tax, wage and social debts +€7,779
up €7,779 (+37.6%), from €20,705 to €28,484
of which Taxes: +€6,440
- Other debts -€4,687
down €4,687 (-10.1%), from €46,526 to €41,839
- Gross operating margin +€61,186
up €61,186 (+64.0%), from €95,582 to €156,768
- Staff costs +€22,735
up €22,735 (+61.1%), from €37,184 to €59,919
- Taxes +€12,275
up €12,275 (+169%), from €7,274 to €19,549
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.
Derived cash bridge
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 | €122,617 | €176,707 | +€54,090 | +44.1% |
| Fixed assets | 21/28 | €8,862 | €7,064 | -€1,798 | -20.3% |
| Tangible fixed assets | 22/27 | €6,732 | €7,064 | +€332 | +4.9% |
| Plant, machinery and equipment | 23 | €2,396 | €2,725 | +€329 | +13.7% |
| Furniture and vehicles | 24 | €4,336 | €4,339 | +€3 | +0.1% |
| Financial fixed assets | 28 | €2,130 | - | -€2,130 | |
| Current assets | 29/58 | €113,755 | €169,643 | +€55,888 | +49.1% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €9,095 | €15,018 | +€5,923 | +65.1% |
| Stocks | 30/36 | €9,095 | €15,018 | +€5,923 | +65.1% |
| Amounts receivable within one year | 40/41 | €26,174 | €66,732 | +€40,558 | +155% |
| Trade receivables | 40 | €16,039 | €53,967 | +€37,928 | +236% |
| Other amounts receivable | 41 | €10,135 | €12,765 | +€2,630 | +25.9% |
| Cash at bank and in hand | 54/58 | €22,810 | €31,563 | +€8,753 | +38.4% |
| Deferred charges and accrued income | 490/1 | €676 | €1,330 | +€654 | +96.7% |
| Total equity and liabilities | 10/49 | €122,617 | €176,707 | +€54,090 | +44.1% |
| Equity | 10/15 | €50,275 | €87,733 | +€37,458 | +74.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €43,080 | €80,530 | +€37,450 | +86.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €800 | €400 | -€400 | -50.0% |
| Distributable reserves | 133 | €40,420 | €78,270 | +€37,850 | +93.6% |
| Profit (loss) carried forward | 14 | €995 | €1,003 | +€8 | +0.8% |
| Provisions and deferred taxes | 16 | €200 | €100 | -€100 | -50.0% |
| Deferred taxes | 168 | €200 | €100 | -€100 | -50.0% |
| Amounts payable | 17/49 | €72,142 | €88,874 | +€16,732 | +23.2% |
| Amounts payable within one year | 42/48 | €72,142 | €88,487 | +€16,345 | +22.7% |
| Trade debts | 44 | €4,911 | €18,164 | +€13,253 | +270% |
| Suppliers | 440/4 | €4,911 | €18,164 | +€13,253 | +270% |
| Taxes, remuneration and social security | 45 | €20,705 | €28,484 | +€7,779 | +37.6% |
| Taxes | 450/3 | €14,794 | €21,234 | +€6,440 | +43.5% |
| Remuneration and social security | 454/9 | €5,911 | €7,250 | +€1,339 | +22.7% |
| Other amounts payable | 47/48 | €46,526 | €41,839 | -€4,687 | -10.1% |
| Accrued charges and deferred income | 492/3 | - | €387 | +€387 | |
| Non-recurring operating income | 76A | - | €7,049 | +€7,049 | |
| Remuneration, social security and pensions | 62 | €37,184 | €59,919 | +€22,735 | +61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,817 | €2,349 | +€532 | +29.3% |
| Other operating charges | 640/8 | €2,349 | €1,914 | -€435 | -18.5% |
| Gross operating margin | 9900 | €95,582 | €156,768 | +€61,186 | +64.0% |
| Operating profit (loss) | 9901 | €54,232 | €92,586 | +€38,354 | +70.7% |
| Financial income | 75/76B | €1,825 | €2,661 | +€836 | +45.8% |
| Recurring financial income | 75 | €1,825 | €2,661 | +€836 | +45.8% |
| Financial charges | 65/66B | €2,539 | €1,340 | -€1,199 | -47.2% |
| Recurring financial charges | 65 | €2,539 | €1,340 | -€1,199 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €53,518 | €93,907 | +€40,389 | +75.5% |
| Transfer from deferred taxes | 780 | €400 | €100 | -€300 | -75.0% |
| Income taxes | 67/77 | €7,274 | €19,549 | +€12,275 | +169% |
| Profit (loss) for the period | 9904 | €46,644 | €74,458 | +€27,814 | +59.6% |
| Transfer from tax-exempt reserves | 789 | €100 | €400 | +€300 | +300% |
| Profit (loss) for the period to be appropriated | 9905 | €46,744 | €74,858 | +€28,114 | +60.1% |
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 27 October 2026 via checked.be.