FRED-POMPING: 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-POMPING
Largest movements
- Tangible fixed assets +€235,370
up €235,370 (+25.4%), from €926,021 to €1.2m
of which Furniture and vehicles: +€219,743
- Receivables within one year -€81,382
down €81,382 (-14.5%), from €559,331 to €477,949
of which Trade receivables: -€47,183
- Current investments +€62,500
up €62,500 (+100.0%), from €62,500 to €125,000
- Cash +€53,808
up €53,808 (+212.3%), from €25,348 to €79,155
mainly Depreciation (+€302,547) and Net result for the year (+€184,599)
- Reserves +€184,599
up €184,599 (+50.6%), from €364,633 to €549,232
of which Distributable reserves: +€184,599
- Debts after one year +€127,393
up €127,393 (+19.5%), from €654,590 to €781,983
- Other debts -€54,009
down €54,009 (-80.0%), from €67,502 to €13,493
- Tax, wage and social debts +€42,384
up €42,384 (+725.9%), from €5,839 to €48,223
of which Taxes: +€43,792
- Current portion of long-term debt -€41,778
down €41,778 (-11.3%), from €370,241 to €328,463
- Gross operating margin +€292,061
up €292,061 (+68.2%), from €428,309 to €720,370
- Staff costs +€99,213
up €99,213 (+558.2%), from €17,773 to €116,986
- Taxes +€27,079
up €27,079 (+124.6%), from €21,725 to €48,804
- Depreciation -€23,762
down €23,762 (-7.3%), from €326,309 to €302,547
- Financial charges +€16,413
up €16,413 (+43.5%), from €37,739 to €54,151
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 | €1,589,274 | €1,848,435 | +€259,162 | +16.3% |
| Fixed assets | 21/28 | €930,826 | €1,166,331 | +€235,505 | +25.3% |
| Tangible fixed assets | 22/27 | €926,021 | €1,161,391 | +€235,370 | +25.4% |
| Land and buildings | 22 | €76,437 | - | -€76,437 | |
| Plant, machinery and equipment | 23 | €24,371 | €120,800 | +€96,429 | +395.7% |
| Furniture and vehicles | 24 | €13,449 | €233,192 | +€219,743 | +1633.9% |
| Leasing and similar rights | 25 | €811,764 | €807,399 | -€4,364 | -0.5% |
| Financial fixed assets | 28 | €4,805 | €4,940 | +€135 | +2.8% |
| Current assets | 29/58 | €658,447 | €682,104 | +€23,657 | +3.6% |
| Stocks and contracts in progress | 3 | €10,000 | - | -€10,000 | |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €559,331 | €477,949 | -€81,382 | -14.5% |
| Trade receivables | 40 | €260,117 | €212,935 | -€47,183 | -18.1% |
| Other amounts receivable | 41 | €299,213 | €265,014 | -€34,199 | -11.4% |
| Current investments | 50/53 | €62,500 | €125,000 | +€62,500 | +100.0% |
| Cash at bank and in hand | 54/58 | €25,348 | €79,155 | +€53,808 | +212.3% |
| Deferred charges and accrued income | 490/1 | €1,269 | - | -€1,269 | |
| Total equity and liabilities | 10/49 | €1,589,274 | €1,848,435 | +€259,162 | +16.3% |
| Equity | 10/15 | €385,129 | €569,728 | +€184,599 | +47.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €364,633 | €549,232 | +€184,599 | +50.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €362,633 | €547,232 | +€184,599 | +50.9% |
| Profit (loss) carried forward | 14 | €495 | €495 | = | 0.0% |
| Amounts payable | 17/49 | €1,204,145 | €1,278,708 | +€74,563 | +6.2% |
| Amounts payable after more than one year | 17 | €654,590 | €781,983 | +€127,393 | +19.5% |
| Financial debts | 170/4 | €654,590 | €781,983 | +€127,393 | +19.5% |
| Amounts payable within one year | 42/48 | €549,555 | €494,025 | -€55,530 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €370,241 | €328,463 | -€41,778 | -11.3% |
| Trade debts | 44 | €82,007 | €103,846 | +€21,838 | +26.6% |
| Suppliers | 440/4 | €82,007 | €103,846 | +€21,838 | +26.6% |
| Advances received on contracts in progress | 46 | €23,966 | - | -€23,966 | |
| Taxes, remuneration and social security | 45 | €5,839 | €48,223 | +€42,384 | +725.9% |
| Taxes | 450/3 | €4,431 | €48,223 | +€43,792 | +988.2% |
| Remuneration and social security | 454/9 | €1,408 | - | -€1,408 | |
| Other amounts payable | 47/48 | €67,502 | €13,493 | -€54,009 | -80.0% |
| Accrued charges and deferred income | 492/3 | - | €2,699 | +€2,699 | |
| Non-recurring operating income | 76A | €162,500 | €219,594 | +€57,094 | +35.1% |
| Remuneration, social security and pensions | 62 | €17,773 | €116,986 | +€99,213 | +558.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €326,309 | €302,547 | -€23,762 | -7.3% |
| Other operating charges | 640/8 | €3,160 | €13,981 | +€10,822 | +342.5% |
| Gross operating margin | 9900 | €428,309 | €720,370 | +€292,061 | +68.2% |
| Operating profit (loss) | 9901 | €81,068 | €286,856 | +€205,788 | +253.8% |
| Financial income | 75/76B | €502 | €699 | +€197 | +39.2% |
| Recurring financial income | 75 | €502 | €699 | +€197 | +39.2% |
| Financial charges | 65/66B | €37,739 | €54,151 | +€16,413 | +43.5% |
| Recurring financial charges | 65 | €37,739 | €54,151 | +€16,413 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €43,831 | €233,403 | +€189,572 | +432.5% |
| Income taxes | 67/77 | €21,725 | €48,804 | +€27,079 | +124.6% |
| Profit (loss) for the period | 9904 | €22,106 | €184,599 | +€162,493 | +735.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,106 | €184,599 | +€162,493 | +735.1% |
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.