FREDART: 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.
FREDART
Largest movements
- Cash -€10
down €10 (-63.9%), from €16 to €6
mainly Net result for the year (-€627)
- Profit (loss) carried forward -€627
down €627 (-0.2%), from -€339,348 to -€339,975
- Other debts +€617
up €617 (+1.0%), from €64,181 to €64,798
- Gross operating margin -€409
down €409 (-641.0%), from -€64 to -€473
- Other operating charges -€384
down €384 (-72.7%), from €528 to €144
- Financial charges +€7
up €7 (+219.5%), from €3 to €10
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 | €16 | €6 | -€10 | -63.9% |
| Current assets | 29/58 | €16 | €6 | -€10 | -63.9% |
| Cash at bank and in hand | 54/58 | €16 | €6 | -€10 | -63.9% |
| Total equity and liabilities | 10/49 | €16 | €6 | -€10 | -63.9% |
| Equity | 10/15 | -€64,165 | -€64,792 | -€627 | -1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €262,783 | €262,783 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,480 | €2,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,480 | €2,480 | = | 0.0% |
| Distributable reserves | 133 | €260,303 | €260,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€339,348 | -€339,975 | -€627 | -0.2% |
| Amounts payable | 17/49 | €64,181 | €64,798 | +€617 | +1.0% |
| Amounts payable within one year | 42/48 | €64,181 | €64,798 | +€617 | +1.0% |
| Other amounts payable | 47/48 | €64,181 | €64,798 | +€617 | +1.0% |
| Other operating charges | 640/8 | €528 | €144 | -€384 | -72.7% |
| Gross operating margin | 9900 | -€64 | -€473 | -€409 | -641.0% |
| Operating profit (loss) | 9901 | -€592 | -€617 | -€25 | -4.2% |
| Financial charges | 65/66B | €3 | €10 | +€7 | +219.5% |
| Recurring financial charges | 65 | €3 | €10 | +€7 | +219.5% |
| Profit (loss) for the period before taxes | 9903 | -€595 | -€627 | -€31 | -5.3% |
| Profit (loss) for the period | 9904 | -€595 | -€627 | -€31 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€595 | -€627 | -€31 | -5.3% |
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 2 October 2026 via checked.be.