FRED PLUS: 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 PLUS
Largest movements
- Tangible fixed assets +€45,907
up €45,907 (+272.0%), from €16,878 to €62,785
of which Furniture and vehicles: +€36,601
- Receivables within one year +€5,150
up €5,150 (+15.3%), from €33,555 to €38,705
of which Other amounts receivable: +€5,831
- Cash +€3,784
up €3,784 (+5.3%), from €72,007 to €75,790
mainly Other debts (+€185,227) and Net result for the year (+€51,045)
- Other debts +€185,227
up €185,227 (+2776.0%), from €6,672 to €191,900
- Reserves -€140,855
down €140,855 (-100.0%), from €140,855 to €0
- Debts after one year +€28,308
new in 2025: €28,308
- Tax, wage and social debts -€20,918
down €20,918 (-70.4%), from €29,721 to €8,803
- Current portion of long-term debt +€6,835
new in 2025: €6,835
- Gross operating margin -€16,022
down €16,022 (-17.5%), from €91,498 to €75,477
- Taxes -€5,083
down €5,083 (-22.5%), from €22,575 to €17,492
- Depreciation +€4,071
up €4,071 (+247.8%), from €1,643 to €5,713
- Financial charges -€2,927
down €2,927 (-80.6%), from €3,633 to €706
- Financial income -€2,798
down €2,798 (-93.4%), from €2,995 to €197
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 | €188,451 | €243,501 | +€55,051 | +29.2% |
| Fixed assets | 21/28 | €82,878 | €128,785 | +€45,907 | +55.4% |
| Tangible fixed assets | 22/27 | €16,878 | €62,785 | +€45,907 | +272.0% |
| Furniture and vehicles | 24 | €9,590 | €46,192 | +€36,601 | +381.7% |
| Other tangible fixed assets | 26 | €7,287 | €16,593 | +€9,306 | +127.7% |
| Financial fixed assets | 28 | €66,000 | €66,000 | = | 0.0% |
| Current assets | 29/58 | €105,573 | €114,717 | +€9,143 | +8.7% |
| Amounts receivable within one year | 40/41 | €33,555 | €38,705 | +€5,150 | +15.3% |
| Trade receivables | 40 | €31,705 | €31,024 | -€681 | -2.1% |
| Other amounts receivable | 41 | €1,849 | €7,681 | +€5,831 | +315.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €72,007 | €75,790 | +€3,784 | +5.3% |
| Deferred charges and accrued income | 490/1 | €12 | €221 | +€210 | +1823.0% |
| Total equity and liabilities | 10/49 | €188,451 | €243,501 | +€55,051 | +29.2% |
| Equity | 10/15 | €148,355 | €7,500 | -€140,855 | -94.9% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €140,855 | €0 | -€140,855 | -100.0% |
| Distributable reserves | 133 | €140,855 | €0 | -€140,855 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,096 | €236,001 | +€195,905 | +488.6% |
| Amounts payable after more than one year | 17 | - | €28,308 | +€28,308 | |
| Financial debts | 170/4 | - | €28,308 | +€28,308 | |
| Amounts payable within one year | 42/48 | €37,061 | €207,693 | +€170,632 | +460.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,835 | +€6,835 | |
| Trade debts | 44 | €667 | €155 | -€512 | -76.7% |
| Suppliers | 440/4 | €667 | €155 | -€512 | -76.7% |
| Taxes, remuneration and social security | 45 | €29,721 | €8,803 | -€20,918 | -70.4% |
| Taxes | 450/3 | €29,721 | €8,803 | -€20,918 | -70.4% |
| Other amounts payable | 47/48 | €6,672 | €191,900 | +€185,227 | +2776.0% |
| Accrued charges and deferred income | 492/3 | €3,035 | €0 | -€3,035 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,643 | €5,713 | +€4,071 | +247.8% |
| Other operating charges | 640/8 | €646 | €717 | +€72 | +11.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €91,498 | €75,477 | -€16,022 | -17.5% |
| Operating profit (loss) | 9901 | €89,210 | €69,046 | -€20,164 | -22.6% |
| Financial income | 75/76B | €2,995 | €197 | -€2,798 | -93.4% |
| Recurring financial income | 75 | €2,995 | €197 | -€2,798 | -93.4% |
| Financial charges | 65/66B | €3,633 | €706 | -€2,927 | -80.6% |
| Recurring financial charges | 65 | €3,633 | €706 | -€2,927 | -80.6% |
| Profit (loss) for the period before taxes | 9903 | €88,572 | €68,538 | -€20,034 | -22.6% |
| Income taxes | 67/77 | €22,575 | €17,492 | -€5,083 | -22.5% |
| Profit (loss) for the period | 9904 | €65,997 | €51,045 | -€14,952 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,997 | €51,045 | -€14,952 | -22.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.