FRED FRENCH TOUCH: 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 FRENCH TOUCH
Largest movements
- Receivables within one year -€20,122
down €20,122 (-72.1%), from €27,898 to €7,776
of which Other amounts receivable: -€16,034
- Cash +€2,040
up €2,040 (+172%), from €1,185 to €3,225
mainly Receivables within one year (+€20,122) and Depreciation (+€2,048)
- Tangible fixed assets +€1,330
up €1,330 (+29.9%), from €4,452 to €5,782
of which Other tangible fixed assets: +€3,415
- Profit (loss) carried forward -€14,721
down €14,721 (-66.5%), from €22,122 to €7,401
- Tax, wage and social debts -€2,486
down €2,486 (-45.0%), from €5,526 to €3,040
of which Taxes: -€1,516
- Other debts +€900
new in 2025: €900
- Current portion of long-term debt -€599
down €599 (-15.4%), from €3,879 to €3,280
- Gross operating margin -€39,703
down €39,703, from €32,147 to -€7,556
- Taxes -€6,140
no longer reported in 2025 (was €6,140)
- Other operating charges -€1,869
down €1,869 (-30.8%), from €6,069 to €4,200
- Financial charges -€1,204
down €1,204 (-56.8%), from €2,122 to €918
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 | €33,535 | €16,784 | -€16,752 | -50.0% |
| Fixed assets | 21/28 | €4,452 | €5,782 | +€1,330 | +29.9% |
| Tangible fixed assets | 22/27 | €4,452 | €5,782 | +€1,330 | +29.9% |
| Furniture and vehicles | 24 | €1,934 | €2,367 | +€433 | +22.4% |
| Other tangible fixed assets | 26 | - | €3,415 | +€3,415 | |
| Assets under construction and advance payments | 27 | €2,518 | - | -€2,518 | |
| Current assets | 29/58 | €29,083 | €11,001 | -€18,082 | -62.2% |
| Amounts receivable within one year | 40/41 | €27,898 | €7,776 | -€20,122 | -72.1% |
| Trade receivables | 40 | €9,004 | €4,915 | -€4,089 | -45.4% |
| Other amounts receivable | 41 | €18,895 | €2,861 | -€16,034 | -84.9% |
| Cash at bank and in hand | 54/58 | €1,185 | €3,225 | +€2,040 | +172% |
| Total equity and liabilities | 10/49 | €33,535 | €16,784 | -€16,752 | -50.0% |
| Equity | 10/15 | €24,122 | €9,401 | -€14,721 | -61.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,122 | €7,401 | -€14,721 | -66.5% |
| Amounts payable | 17/49 | €9,414 | €7,383 | -€2,031 | -21.6% |
| Amounts payable within one year | 42/48 | €9,414 | €7,383 | -€2,031 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €3,879 | €3,280 | -€599 | -15.4% |
| Trade debts | 44 | €9 | €163 | +€154 | +1,662% |
| Suppliers | 440/4 | €9 | €163 | +€154 | +1,662% |
| Taxes, remuneration and social security | 45 | €5,526 | €3,040 | -€2,486 | -45.0% |
| Taxes | 450/3 | €4,556 | €3,040 | -€1,516 | -33.3% |
| Remuneration and social security | 454/9 | €970 | - | -€970 | |
| Other amounts payable | 47/48 | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,135 | €2,048 | -€87 | -4.1% |
| Other operating charges | 640/8 | €6,069 | €4,200 | -€1,869 | -30.8% |
| Gross operating margin | 9900 | €32,147 | -€7,556 | -€39,703 | |
| Operating profit (loss) | 9901 | €23,943 | -€13,804 | -€37,747 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +475% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +475% |
| Financial charges | 65/66B | €2,122 | €918 | -€1,204 | -56.8% |
| Recurring financial charges | 65 | €2,122 | €918 | -€1,204 | -56.8% |
| Profit (loss) for the period before taxes | 9903 | €21,821 | -€14,721 | -€36,542 | |
| Income taxes | 67/77 | €6,140 | - | -€6,140 | |
| Profit (loss) for the period | 9904 | €15,681 | -€14,721 | -€30,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,681 | -€14,721 | -€30,401 |
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 28 October 2026 via checked.be.