Fredantiques: 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.
Fredantiques
Largest movements
- Stocks and contracts -€154,038
no longer reported in 2025 (was €154,038)
- Cash +€112,865
up €112,865 (+331.9%), from €34,005 to €146,870
mainly Stocks and contracts (+€154,038) and Receivables within one year (+€88,300)
- Receivables within one year -€88,300
down €88,300 (-92.9%), from €95,042 to €6,741
of which Trade receivables: -€54,630
- Tangible fixed assets -€11,235
down €11,235 (-31.2%), from €36,043 to €24,807
- Other debts -€153,594
down €153,594 (-89.3%), from €171,957 to €18,363
- Reserves +€73,447
up €73,447 (+106.6%), from €68,909 to €142,357
- Trade debts -€27,692
down €27,692 (-96.0%), from €28,833 to €1,141
- Advances received -€25,000
no longer reported in 2025 (was €25,000)
- Debts after one year -€4,934
down €4,934 (-34.1%), from €14,472 to €9,538
- Gross operating margin +€52,779
up €52,779 (+83.8%), from €63,006 to €115,785
- Taxes +€10,736
up €10,736 (+57.8%), from €18,585 to €29,321
- Depreciation +€4,139
up €4,139 (+58.3%), from €7,096 to €11,235
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 | €319,627 | €178,919 | -€140,709 | -44.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €36,543 | €25,307 | -€11,235 | -30.7% |
| Tangible fixed assets | 22/27 | €36,043 | €24,807 | -€11,235 | -31.2% |
| Furniture and vehicles | 24 | €36,043 | €24,807 | -€11,235 | -31.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €283,085 | €153,612 | -€129,473 | -45.7% |
| Stocks and contracts in progress | 3 | €154,038 | - | -€154,038 | |
| Stocks | 30/36 | €154,038 | - | -€154,038 | |
| Amounts receivable within one year | 40/41 | €95,042 | €6,741 | -€88,300 | -92.9% |
| Trade receivables | 40 | €55,530 | €900 | -€54,630 | -98.4% |
| Other amounts receivable | 41 | €39,512 | €5,841 | -€33,670 | -85.2% |
| Cash at bank and in hand | 54/58 | €34,005 | €146,870 | +€112,865 | +331.9% |
| Total equity and liabilities | 10/49 | €319,627 | €178,919 | -€140,709 | -44.0% |
| Equity | 10/15 | €69,969 | €143,416 | +€73,447 | +105.0% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €68,909 | €142,357 | +€73,447 | +106.6% |
| Distributable reserves | 133 | €68,909 | €142,357 | +€73,447 | +106.6% |
| Profit (loss) carried forward | 14 | €860 | €860 | = | 0.0% |
| Amounts payable | 17/49 | €249,659 | €35,502 | -€214,156 | -85.8% |
| Amounts payable after more than one year | 17 | €14,472 | €9,538 | -€4,934 | -34.1% |
| Financial debts | 170/4 | €14,472 | €9,538 | -€4,934 | -34.1% |
| Amounts payable within one year | 42/48 | €235,186 | €25,964 | -€209,222 | -89.0% |
| Current portion of amounts payable after more than one year | 42 | €4,753 | €4,934 | +€181 | +3.8% |
| Trade debts | 44 | €28,833 | €1,141 | -€27,692 | -96.0% |
| Suppliers | 440/4 | €28,833 | €1,141 | -€27,692 | -96.0% |
| Advances received on contracts in progress | 46 | €25,000 | - | -€25,000 | |
| Taxes, remuneration and social security | 45 | €4,643 | €1,526 | -€3,117 | -67.1% |
| Taxes | 450/3 | €4,643 | €1,526 | -€3,117 | -67.1% |
| Other amounts payable | 47/48 | €171,957 | €18,363 | -€153,594 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,096 | €11,235 | +€4,139 | +58.3% |
| Other operating charges | 640/8 | €1,457 | €1,064 | -€393 | -27.0% |
| Gross operating margin | 9900 | €63,006 | €115,785 | +€52,779 | +83.8% |
| Operating profit (loss) | 9901 | €54,453 | €103,485 | +€49,032 | +90.0% |
| Financial income | 75/76B | €331 | €361 | +€30 | +9.2% |
| Recurring financial income | 75 | €331 | €361 | +€30 | +9.2% |
| Financial charges | 65/66B | €672 | €1,077 | +€405 | +60.2% |
| Recurring financial charges | 65 | €672 | €1,077 | +€405 | +60.2% |
| Profit (loss) for the period before taxes | 9903 | €54,111 | €102,769 | +€48,658 | +89.9% |
| Income taxes | 67/77 | €18,585 | €29,321 | +€10,736 | +57.8% |
| Profit (loss) for the period | 9904 | €35,526 | €73,447 | +€37,921 | +106.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,526 | €73,447 | +€37,921 | +106.7% |
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 1 October 2026 via checked.be.