Freddy Mothet: 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 Mothet
Largest movements
- Receivables within one year +€10,814
up €10,814 (+43.9%), from €24,661 to €35,475
of which Trade receivables: +€8,601
- Cash +€8,728
up €8,728 (+35.6%), from €24,545 to €33,273
mainly Trade debts (+€16,705) and Net result for the year (+€3,105)
- Tangible fixed assets -€1,228
down €1,228 (-22.7%), from €5,398 to €4,170
of which Furniture and vehicles: -€718
- Trade debts +€16,705
up €16,705 (+316%), from €5,283 to €21,988
- Reserves +€3,105
up €3,105 (+31.0%), from €10,000 to €13,105
- Gross operating margin -€12,106
down €12,106 (-60.2%), from €20,110 to €8,004
- Taxes -€2,468
down €2,468 (-58.1%), from €4,250 to €1,782
- Depreciation -€584
down €584 (-20.7%), from €2,818 to €2,235
- Other operating charges -€565
down €565 (-38.8%), from €1,457 to €893
- Financial charges -€343
down €343 (-78.1%), from €439 to €96
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 | €56,091 | €74,997 | +€18,907 | +33.7% |
| Fixed assets | 21/28 | €5,398 | €4,170 | -€1,228 | -22.7% |
| Tangible fixed assets | 22/27 | €5,398 | €4,170 | -€1,228 | -22.7% |
| Plant, machinery and equipment | 23 | €1,366 | €1,057 | -€309 | -22.6% |
| Furniture and vehicles | 24 | €2,706 | €1,988 | -€718 | -26.5% |
| Other tangible fixed assets | 26 | €1,327 | €1,126 | -€201 | -15.2% |
| Current assets | 29/58 | €50,692 | €70,827 | +€20,135 | +39.7% |
| Amounts receivable within one year | 40/41 | €24,661 | €35,475 | +€10,814 | +43.9% |
| Trade receivables | 40 | €21,568 | €30,168 | +€8,601 | +39.9% |
| Other amounts receivable | 41 | €3,093 | €5,307 | +€2,213 | +71.5% |
| Cash at bank and in hand | 54/58 | €24,545 | €33,273 | +€8,728 | +35.6% |
| Deferred charges and accrued income | 490/1 | €1,486 | €2,079 | +€593 | +39.9% |
| Total equity and liabilities | 10/49 | €56,091 | €74,997 | +€18,907 | +33.7% |
| Equity | 10/15 | €49,905 | €53,010 | +€3,105 | +6.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €10,000 | €13,105 | +€3,105 | +31.0% |
| Distributable reserves | 133 | €10,000 | €13,105 | +€3,105 | +31.0% |
| Profit (loss) carried forward | 14 | €19,445 | €19,445 | = | 0.0% |
| Amounts payable | 17/49 | €6,185 | €21,988 | +€15,802 | +255% |
| Amounts payable within one year | 42/48 | €6,185 | €21,988 | +€15,802 | +255% |
| Trade debts | 44 | €5,283 | €21,988 | +€16,705 | +316% |
| Suppliers | 440/4 | €5,283 | €21,988 | +€16,705 | +316% |
| Taxes, remuneration and social security | 45 | €450 | - | -€450 | |
| Taxes | 450/3 | €450 | - | -€450 | |
| Other amounts payable | 47/48 | €453 | - | -€453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,818 | €2,235 | -€584 | -20.7% |
| Other operating charges | 640/8 | €1,457 | €893 | -€565 | -38.8% |
| Gross operating margin | 9900 | €20,110 | €8,004 | -€12,106 | -60.2% |
| Operating profit (loss) | 9901 | €15,834 | €4,877 | -€10,957 | -69.2% |
| Financial income | 75/76B | - | €106 | +€106 | |
| Recurring financial income | 75 | - | €106 | +€106 | |
| Financial charges | 65/66B | €439 | €96 | -€343 | -78.1% |
| Recurring financial charges | 65 | €439 | €96 | -€343 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €15,395 | €4,887 | -€10,509 | -68.3% |
| Income taxes | 67/77 | €4,250 | €1,782 | -€2,468 | -58.1% |
| Profit (loss) for the period | 9904 | €11,145 | €3,105 | -€8,041 | -72.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,145 | €3,105 | -€8,041 | -72.1% |
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 20 October 2026 via checked.be.