FREDDY en WILLY: 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.
FREDDY en WILLY
Largest movements
- Tangible fixed assets -€7,498
down €7,498 (-5.7%), from €132,082 to €124,584
of which Land and buildings: -€5,032
- Cash +€4,266
up €4,266 (+30.4%), from €14,047 to €18,313
mainly Depreciation (+€7,498) and Tax, wage and social debts (+€1,682)
- Current portion of long-term debt -€3,447
down €3,447 (-36.0%), from €9,564 to €6,118
- Trade debts -€3,143
down €3,143 (-30.3%), from €10,362 to €7,219
- Tax, wage and social debts +€1,682
up €1,682 (+97.5%), from €1,725 to €3,408
- Profit (loss) carried forward +€1,675
up €1,675 (+6.8%), from -€24,675 to -€22,999
- Gross operating margin -€3,808
down €3,808 (-21.9%), from €17,426 to €13,618
- Financial charges -€1,779
down €1,779 (-37.7%), from €4,724 to €2,945
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,943 | €144,711 | -€3,232 | -2.2% |
| Fixed assets | 21/28 | €132,082 | €124,584 | -€7,498 | -5.7% |
| Tangible fixed assets | 22/27 | €132,082 | €124,584 | -€7,498 | -5.7% |
| Land and buildings | 22 | €129,324 | €124,292 | -€5,032 | -3.9% |
| Furniture and vehicles | 24 | €2,757 | €291 | -€2,466 | -89.4% |
| Current assets | 29/58 | €15,862 | €20,128 | +€4,266 | +26.9% |
| Stocks and contracts in progress | 3 | €1,815 | €1,815 | = | 0.0% |
| Stocks | 30/36 | €1,815 | €1,815 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,047 | €18,313 | +€4,266 | +30.4% |
| Total equity and liabilities | 10/49 | €147,943 | €144,711 | -€3,232 | -2.2% |
| Equity | 10/15 | €17,712 | €19,388 | +€1,675 | +9.5% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Capital | 10 | - | €20,451 | +€20,451 | |
| Issued capital | 100 | - | €20,451 | +€20,451 | |
| Reserves | 13 | €21,936 | €21,936 | = | 0.0% |
| Distributable reserves | 133 | €21,936 | €21,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,675 | -€22,999 | +€1,675 | +6.8% |
| Amounts payable | 17/49 | €130,231 | €125,323 | -€4,908 | -3.8% |
| Amounts payable after more than one year | 17 | €76,852 | €76,852 | = | 0.0% |
| Financial debts | 170/4 | €76,852 | €76,852 | = | 0.0% |
| Amounts payable within one year | 42/48 | €53,378 | €48,471 | -€4,908 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €9,564 | €6,118 | -€3,447 | -36.0% |
| Trade debts | 44 | €10,362 | €7,219 | -€3,143 | -30.3% |
| Suppliers | 440/4 | €10,362 | €7,219 | -€3,143 | -30.3% |
| Taxes, remuneration and social security | 45 | €1,725 | €3,408 | +€1,682 | +97.5% |
| Taxes | 450/3 | €1,725 | €3,408 | +€1,682 | +97.5% |
| Other amounts payable | 47/48 | €31,727 | €31,727 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,498 | €7,498 | = | 0.0% |
| Other operating charges | 640/8 | €1,443 | €1,499 | +€56 | +3.9% |
| Gross operating margin | 9900 | €17,426 | €13,618 | -€3,808 | -21.9% |
| Operating profit (loss) | 9901 | €8,485 | €4,621 | -€3,864 | -45.5% |
| Financial charges | 65/66B | €4,724 | €2,945 | -€1,779 | -37.7% |
| Recurring financial charges | 65 | €4,724 | €2,945 | -€1,779 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €3,761 | €1,675 | -€2,085 | -55.4% |
| Profit (loss) for the period | 9904 | €3,761 | €1,675 | -€2,085 | -55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,761 | €1,675 | -€2,085 | -55.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.