FRED'S STRIPWINKEL: 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'S STRIPWINKEL
Largest movements
- Stocks and contracts -€79,297
down €79,297 (-15.7%), from €505,963 to €426,666
- Tangible fixed assets -€18,496
down €18,496 (-30.1%), from €61,516 to €43,020
of which Land and buildings: -€12,762
- Accrued charges and deferred income -€72,000
down €72,000 (-100%), from €72,000 to €0
- Short-term financial debts -€38,848
down €38,848 (-71.2%), from €54,540 to €15,692
- Reserves +€14,224
up €14,224 (+4.7%), from €305,025 to €319,250
of which Distributable reserves: +€14,224
- Trade debts +€11,447
up €11,447 (+66.4%), from €17,234 to €28,681
- Debts after one year -€6,706
down €6,706 (-17.7%), from €37,839 to €31,133
- Gross operating margin +€4,701
up €4,701 (+4.9%), from €95,630 to €100,330
- Taxes +€2,062
up €2,062 (+31.1%), from €6,639 to €8,701
- Other operating charges -€1,713
down €1,713 (-22.3%), from €7,674 to €5,962
- Staff costs +€1,131
up €1,131 (+2.6%), from €43,253 to €44,384
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 | €597,249 | €499,722 | -€97,527 | -16.3% |
| Fixed assets | 21/28 | €61,648 | €43,020 | -€18,628 | -30.2% |
| Tangible fixed assets | 22/27 | €61,516 | €43,020 | -€18,496 | -30.1% |
| Land and buildings | 22 | €32,928 | €20,166 | -€12,762 | -38.8% |
| Plant, machinery and equipment | 23 | - | €670 | +€670 | |
| Furniture and vehicles | 24 | €28,588 | €22,183 | -€6,404 | -22.4% |
| Financial fixed assets | 28 | €132 | €0 | -€132 | -100% |
| Current assets | 29/58 | €535,601 | €456,702 | -€78,898 | -14.7% |
| Stocks and contracts in progress | 3 | €505,963 | €426,666 | -€79,297 | -15.7% |
| Stocks | 30/36 | €505,963 | €426,666 | -€79,297 | -15.7% |
| Amounts receivable within one year | 40/41 | €22,225 | €22,859 | +€634 | +2.9% |
| Trade receivables | 40 | €4,541 | €5,825 | +€1,284 | +28.3% |
| Other amounts receivable | 41 | €17,684 | €17,034 | -€650 | -3.7% |
| Cash at bank and in hand | 54/58 | €6,220 | €5,110 | -€1,110 | -17.8% |
| Deferred charges and accrued income | 490/1 | €1,193 | €2,068 | +€875 | +73.4% |
| Total equity and liabilities | 10/49 | €597,249 | €499,722 | -€97,527 | -16.3% |
| Equity | 10/15 | €323,617 | €337,842 | +€14,224 | +4.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €305,025 | €319,250 | +€14,224 | +4.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €661 | €661 | = | 0.0% |
| Distributable reserves | 133 | €304,364 | €318,588 | +€14,224 | +4.7% |
| Amounts payable | 17/49 | €273,632 | €161,881 | -€111,751 | -40.8% |
| Amounts payable after more than one year | 17 | €37,839 | €31,133 | -€6,706 | -17.7% |
| Financial debts | 170/4 | €37,839 | €31,133 | -€6,706 | -17.7% |
| Amounts payable within one year | 42/48 | €163,793 | €130,748 | -€33,045 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €12,806 | €8,729 | -€4,077 | -31.8% |
| Financial debts | 43 | €54,540 | €15,692 | -€38,848 | -71.2% |
| Credit institutions | 430/8 | €54,540 | €15,692 | -€38,848 | -71.2% |
| Trade debts | 44 | €17,234 | €28,681 | +€11,447 | +66.4% |
| Suppliers | 440/4 | €17,234 | €28,681 | +€11,447 | +66.4% |
| Taxes, remuneration and social security | 45 | €31,421 | €34,224 | +€2,803 | +8.9% |
| Taxes | 450/3 | €28,239 | €27,837 | -€402 | -1.4% |
| Remuneration and social security | 454/9 | €3,182 | €6,387 | +€3,205 | +101% |
| Other amounts payable | 47/48 | €47,792 | €43,422 | -€4,370 | -9.1% |
| Accrued charges and deferred income | 492/3 | €72,000 | €0 | -€72,000 | -100% |
| Remuneration, social security and pensions | 62 | €43,253 | €44,384 | +€1,131 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,626 | €22,862 | +€236 | +1.0% |
| Other operating charges | 640/8 | €7,674 | €5,962 | -€1,713 | -22.3% |
| Gross operating margin | 9900 | €95,630 | €100,330 | +€4,701 | +4.9% |
| Operating profit (loss) | 9901 | €22,077 | €27,123 | +€5,046 | +22.9% |
| Financial income | 75/76B | €17 | €629 | +€612 | +3,574% |
| Recurring financial income | 75 | €17 | €629 | +€612 | +3,574% |
| Financial charges | 65/66B | €5,754 | €4,827 | -€927 | -16.1% |
| Recurring financial charges | 65 | €5,754 | €4,827 | -€927 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €16,340 | €22,926 | +€6,585 | +40.3% |
| Income taxes | 67/77 | €6,639 | €8,701 | +€2,062 | +31.1% |
| Profit (loss) for the period | 9904 | €9,701 | €14,224 | +€4,523 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,701 | €14,224 | +€4,523 | +46.6% |
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 29 October 2026 via checked.be.