Fred Retouching: 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 Retouching
Largest movements
- Cash +€27,608
up €27,608 (+532%), from €5,190 to €32,798
mainly Net result for the year (+€16,778) and Other debts (+€9,922)
- Tangible fixed assets -€5,384
down €5,384 (-56.8%), from €9,474 to €4,090
- Receivables within one year -€782
down €782 (-8.0%), from €9,739 to €8,957
of which Trade receivables: -€5,782
- Deferred charges and accrued income +€500
new in 2025: €500
- Other debts +€9,922
up €9,922 (+1,475%), from €673 to €10,595
- Tax, wage and social debts +€8,448
up €8,448 (+114%), from €7,381 to €15,829
of which Taxes: +€8,368
- Profit (loss) carried forward +€5,013
up €5,013 (+41.8%), from €11,993 to €17,007
- Trade debts -€1,441
down €1,441 (-60.0%), from €2,402 to €961
- Gross operating margin +€18,114
up €18,114 (+151%), from €11,978 to €30,092
- Taxes +€3,348
up €3,348 (+168%), from €1,991 to €5,339
- Depreciation +€978
up €978 (+22.2%), from €4,405 to €5,384
- Other operating charges -€324
down €324 (-37.8%), from €858 to €534
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 | €24,449 | €46,391 | +€21,942 | +89.7% |
| Fixed assets | 21/28 | €9,521 | €4,137 | -€5,384 | -56.5% |
| Tangible fixed assets | 22/27 | €9,474 | €4,090 | -€5,384 | -56.8% |
| Furniture and vehicles | 24 | €9,474 | €4,090 | -€5,384 | -56.8% |
| Financial fixed assets | 28 | €47 | €47 | = | 0.0% |
| Current assets | 29/58 | €14,929 | €42,254 | +€27,326 | +183% |
| Amounts receivable within one year | 40/41 | €9,739 | €8,957 | -€782 | -8.0% |
| Trade receivables | 40 | €9,739 | €3,957 | -€5,782 | -59.4% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €5,190 | €32,798 | +€27,608 | +532% |
| Deferred charges and accrued income | 490/1 | - | €500 | +€500 | |
| Total equity and liabilities | 10/49 | €24,449 | €46,391 | +€21,942 | +89.7% |
| Equity | 10/15 | €13,993 | €19,007 | +€5,013 | +35.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,993 | €17,007 | +€5,013 | +41.8% |
| Amounts payable | 17/49 | €10,456 | €27,385 | +€16,929 | +162% |
| Amounts payable within one year | 42/48 | €10,456 | €27,385 | +€16,929 | +162% |
| Trade debts | 44 | €2,402 | €961 | -€1,441 | -60.0% |
| Suppliers | 440/4 | €2,402 | €961 | -€1,441 | -60.0% |
| Taxes, remuneration and social security | 45 | €7,381 | €15,829 | +€8,448 | +114% |
| Taxes | 450/3 | €7,381 | €15,749 | +€8,368 | +113% |
| Remuneration and social security | 454/9 | - | €80 | +€80 | |
| Other amounts payable | 47/48 | €673 | €10,595 | +€9,922 | +1,475% |
| Non-recurring operating income | 76A | €1,401 | - | -€1,401 | |
| Remuneration, social security and pensions | 62 | €1,772 | €1,789 | +€17 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,405 | €5,384 | +€978 | +22.2% |
| Other operating charges | 640/8 | €858 | €534 | -€324 | -37.8% |
| Gross operating margin | 9900 | €11,978 | €30,092 | +€18,114 | +151% |
| Operating profit (loss) | 9901 | €4,942 | €22,386 | +€17,443 | +353% |
| Financial charges | 65/66B | €240 | €269 | +€29 | +11.9% |
| Recurring financial charges | 65 | €240 | €269 | +€29 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €4,702 | €22,117 | +€17,415 | +370% |
| Income taxes | 67/77 | €1,991 | €5,339 | +€3,348 | +168% |
| Profit (loss) for the period | 9904 | €2,711 | €16,778 | +€14,067 | +519% |
| Profit (loss) for the period to be appropriated | 9905 | €2,711 | €16,778 | +€14,067 | +519% |
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 15 October 2026 via checked.be.