FREDDY VAN DEN ABBEELE: what changed
What changed
FREDDY VAN DEN ABBEELE
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
€27,860
2023 · €39,031-€11,171
Equity
€165,578
2023 · €137,718+€27,860
Cash
€22,764
2023 · €10,536+€12,228
Balance sheet total
€552,351
2023 · €527,728+€24,622
Largest movements
Assets
- Tangible fixed assets +€39,031
up €39,031 (+37.6%), from €103,922 to €142,953
of which Furniture and vehicles: +€65,920
- Stocks and contracts -€33,453
down €33,453 (-22.4%), from €149,208 to €115,756
- Cash +€12,228
up €12,228 (+116%), from €10,536 to €22,764
mainly Depreciation (+€52,453) and Trade debts (+€44,977)
Equity and liabilities
- Trade debts +€44,977
up €44,977 (+112%), from €40,095 to €85,072
- Reserves +€27,860
up €27,860 (+29.0%), from €96,156 to €124,017
of which Distributable reserves: +€27,860
- Other debts -€27,262
down €27,262 (-90.1%), from €30,242 to €2,980
- Debts after one year -€22,073
down €22,073 (-37.3%), from €59,190 to €37,117
- Short-term financial debts -€17,730
down €17,730 (-10.3%), from €172,500 to €154,770
Income statement
- Gross operating margin -€26,622
down €26,622 (-8.7%), from €307,733 to €281,111
- Staff costs -€21,526
down €21,526 (-11.1%), from €193,950 to €172,424
- Depreciation +€11,372
up €11,372 (+27.7%), from €41,081 to €52,453
- Financial charges -€7,883
down €7,883 (-45.1%), from €17,471 to €9,588
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€39,031
Gross operating margin
-€26,622
Staff costs
+€21,526
Depreciation
-€11,372
Other operating charges
-€1,808
Financial income
+€18
Financial charges
+€7,883
Taxes
-€795
Result 2024
€27,860
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€130,024
Investment
-€91,484
Financing
-€26,312
Cash 2023
€10,536
From operations (derived)
+€130,024
Net result for the year
+€27,860
Depreciation
+€52,453
Stocks and contracts
+€33,453
Receivables within one year
-€3,075
Deferred charges and accrued income
-€3,741
Trade debts
+€44,977
Tax, wage and social debts
+€6,330
Other debts
-€27,262
Accrued charges and deferred income
-€971
Investment (derived)
-€91,484
Investment in fixed assets (net)
-€91,484
Financing
-€26,312
Debts after one year
-€22,073
Current portion of long-term debt
+€13,491
Short-term financial debts
-€17,730
Cash 2024
€22,764
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €527,728 | €552,351 | +€24,622 | +4.7% |
| Fixed assets | 21/28 | €103,922 | €142,953 | +€39,031 | +37.6% |
| Tangible fixed assets | 22/27 | €103,922 | €142,953 | +€39,031 | +37.6% |
| Land and buildings | 22 | €82,217 | €55,126 | -€27,091 | -33.0% |
| Plant, machinery and equipment | 23 | €17,916 | €18,118 | +€202 | +1.1% |
| Furniture and vehicles | 24 | €3,789 | €69,708 | +€65,920 | +1,740% |
| Current assets | 29/58 | €423,807 | €409,398 | -€14,409 | -3.4% |
| Amounts receivable after more than one year | 29 | €175,000 | €175,000 | = | 0.0% |
| Other amounts receivable | 291 | €175,000 | €175,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €149,208 | €115,756 | -€33,453 | -22.4% |
| Stocks | 30/36 | €149,208 | €115,756 | -€33,453 | -22.4% |
| Amounts receivable within one year | 40/41 | €79,839 | €82,914 | +€3,075 | +3.9% |
| Trade receivables | 40 | €35,794 | €32,946 | -€2,849 | -8.0% |
| Other amounts receivable | 41 | €44,045 | €49,969 | +€5,924 | +13.4% |
| Cash at bank and in hand | 54/58 | €10,536 | €22,764 | +€12,228 | +116% |
| Deferred charges and accrued income | 490/1 | €9,223 | €12,965 | +€3,741 | +40.6% |
| Total equity and liabilities | 10/49 | €527,728 | €552,351 | +€24,622 | +4.7% |
| Equity | 10/15 | €137,718 | €165,578 | +€27,860 | +20.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €96,156 | €124,017 | +€27,860 | +29.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €96,156 | €124,017 | +€27,860 | +29.0% |
| Profit (loss) carried forward | 14 | €26,562 | €26,562 | = | 0.0% |
| Amounts payable | 17/49 | €390,010 | €386,773 | -€3,238 | -0.8% |
| Amounts payable after more than one year | 17 | €59,190 | €37,117 | -€22,073 | -37.3% |
| Financial debts | 170/4 | €59,190 | €37,117 | -€22,073 | -37.3% |
| Amounts payable within one year | 42/48 | €322,680 | €342,486 | +€19,806 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €50,595 | €64,086 | +€13,491 | +26.7% |
| Financial debts | 43 | €172,500 | €154,770 | -€17,730 | -10.3% |
| Credit institutions | 430/8 | €172,500 | €154,770 | -€17,730 | -10.3% |
| Trade debts | 44 | €40,095 | €85,072 | +€44,977 | +112% |
| Suppliers | 440/4 | €40,095 | €85,072 | +€44,977 | +112% |
| Taxes, remuneration and social security | 45 | €29,247 | €35,578 | +€6,330 | +21.6% |
| Taxes | 450/3 | €11,347 | €11,400 | +€53 | +0.5% |
| Remuneration and social security | 454/9 | €17,901 | €24,177 | +€6,277 | +35.1% |
| Other amounts payable | 47/48 | €30,242 | €2,980 | -€27,262 | -90.1% |
| Accrued charges and deferred income | 492/3 | €8,140 | €7,169 | -€971 | -11.9% |
| Remuneration, social security and pensions | 62 | €193,950 | €172,424 | -€21,526 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,081 | €52,453 | +€11,372 | +27.7% |
| Other operating charges | 640/8 | €11,133 | €12,940 | +€1,808 | +16.2% |
| Gross operating margin | 9900 | €307,733 | €281,111 | -€26,622 | -8.7% |
| Operating profit (loss) | 9901 | €61,570 | €43,294 | -€18,276 | -29.7% |
| Financial income | 75/76B | €4,844 | €4,862 | +€18 | +0.4% |
| Recurring financial income | 75 | €4,844 | €4,862 | +€18 | +0.4% |
| Financial charges | 65/66B | €17,471 | €9,588 | -€7,883 | -45.1% |
| Recurring financial charges | 65 | €17,471 | €9,588 | -€7,883 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €48,943 | €38,568 | -€10,375 | -21.2% |
| Income taxes | 67/77 | €9,912 | €10,708 | +€795 | +8.0% |
| Profit (loss) for the period | 9904 | €39,031 | €27,860 | -€11,171 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,031 | €27,860 | -€11,171 | -28.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.