FREDALAN: 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.
FREDALAN
Largest movements
- Receivables within one year +€8,088
up €8,088 (+26.4%), from €30,629 to €38,717
of which Trade receivables: +€12,338
- Cash -€7,992
no longer reported in 2025 (was €7,992)
mainly Net result for the year (-€21,978) and Receivables within one year (-€8,088)
- Tangible fixed assets -€2,498
down €2,498 (-6.1%), from €40,713 to €38,215
of which Land and buildings: -€1,926
- Deferred charges and accrued income +€2,093
new in 2025: €2,093
- Other debts +€22,346
up €22,346 (+69.0%), from €32,377 to €54,723
- Profit (loss) carried forward -€21,978
down €21,978 (-133.5%), from -€16,465 to -€38,443
- Current portion of long-term debt -€5,937
no longer reported in 2025 (was €5,937)
- Trade debts +€3,759
up €3,759 (+223.9%), from €1,679 to €5,438
- Short-term financial debts +€1,760
new in 2025: €1,760
- Gross operating margin -€37,882
down €37,882, from €20,608 to -€17,275
- Depreciation -€13,292
down €13,292 (-84.2%), from €15,790 to €2,498
- Other operating charges +€271
up €271 (+20.1%), from €1,346 to €1,617
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 | €79,334 | €79,026 | -€308 | -0.4% |
| Fixed assets | 21/28 | €40,713 | €38,215 | -€2,498 | -6.1% |
| Tangible fixed assets | 22/27 | €40,713 | €38,215 | -€2,498 | -6.1% |
| Land and buildings | 22 | €17,325 | €15,398 | -€1,926 | -11.1% |
| Furniture and vehicles | 24 | €23,388 | €22,817 | -€572 | -2.4% |
| Current assets | 29/58 | €38,621 | €40,811 | +€2,190 | +5.7% |
| Amounts receivable within one year | 40/41 | €30,629 | €38,717 | +€8,088 | +26.4% |
| Trade receivables | 40 | €25,989 | €38,327 | +€12,338 | +47.5% |
| Other amounts receivable | 41 | €4,641 | €391 | -€4,250 | -91.6% |
| Cash at bank and in hand | 54/58 | €7,992 | - | -€7,992 | |
| Deferred charges and accrued income | 490/1 | - | €2,093 | +€2,093 | |
| Total equity and liabilities | 10/49 | €79,334 | €79,026 | -€308 | -0.4% |
| Equity | 10/15 | €32,347 | €10,369 | -€21,978 | -67.9% |
| Reserves | 13 | €48,812 | €48,812 | = | 0.0% |
| Distributable reserves | 133 | €48,812 | €48,812 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,465 | -€38,443 | -€21,978 | -133.5% |
| Amounts payable | 17/49 | €46,987 | €68,657 | +€21,670 | +46.1% |
| Amounts payable within one year | 42/48 | €46,316 | €67,919 | +€21,603 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €5,937 | - | -€5,937 | |
| Financial debts | 43 | - | €1,760 | +€1,760 | |
| Credit institutions | 430/8 | - | €1,760 | +€1,760 | |
| Trade debts | 44 | €1,679 | €5,438 | +€3,759 | +223.9% |
| Suppliers | 440/4 | €1,679 | €5,438 | +€3,759 | +223.9% |
| Taxes, remuneration and social security | 45 | €6,323 | €5,998 | -€325 | -5.1% |
| Taxes | 450/3 | €6,323 | €5,998 | -€325 | -5.1% |
| Other amounts payable | 47/48 | €32,377 | €54,723 | +€22,346 | +69.0% |
| Accrued charges and deferred income | 492/3 | €671 | €738 | +€67 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,790 | €2,498 | -€13,292 | -84.2% |
| Other operating charges | 640/8 | €1,346 | €1,617 | +€271 | +20.1% |
| Gross operating margin | 9900 | €20,608 | -€17,275 | -€37,882 | |
| Operating profit (loss) | 9901 | €3,472 | -€21,389 | -€24,861 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €448 | €470 | +€22 | +4.9% |
| Recurring financial charges | 65 | €448 | €470 | +€22 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €3,024 | -€21,859 | -€24,883 | |
| Income taxes | 67/77 | €160 | €119 | -€41 | -25.5% |
| Profit (loss) for the period | 9904 | €2,864 | -€21,978 | -€24,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,864 | -€21,978 | -€24,843 |
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 11 October 2026 via checked.be.