Frederieks: what changed
What changed
Frederieks
NACE 63.920, Other information service activities
filed annual accounts (NBB)
Net result for the year
€67,996
2024 · €96,909-€28,913
Equity
€128,208
2024 · €223,212-€95,004
Cash
€72,938
2024 · €55,096+€17,841
Balance sheet total
€291,741
2024 · €272,894+€18,847
Largest movements
Assets
- Cash +€17,841
up €17,841 (+32.4%), from €55,096 to €72,938
mainly Other debts (+€128,459) and Net result for the year (+€67,996)
Equity and liabilities
- Other debts +€128,459
up €128,459 (+7,477%), from €1,718 to €130,177
- Reserves -€95,004
down €95,004 (-44.6%), from €213,212 to €118,208
- Tax, wage and social debts -€17,157
down €17,157 (-37.8%), from €45,337 to €28,180
of which Taxes: -€17,157
Income statement
- Financial income -€30,000
down €30,000 (-50.0%), from €60,000 to €30,000
- Depreciation -€3,423
down €3,423 (-90.8%), from €3,770 to €347
- Financial charges +€977
up €977, from -€807 to €170
- Taxes +€719
up €719 (+4.8%), from €15,114 to €15,832
- Other operating charges +€649
up €649 (+127%), from €510 to €1,159
Change in the result, 2024 to 2025
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 2024
€96,909
Gross operating margin
+€9
Depreciation
+€3,423
Other operating charges
-€649
Financial income
-€30,000
Financial charges
-€977
Taxes
-€719
Result 2025
€67,996
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€182,449
Investment
-€1,607
Financing
-€163,000
Cash 2024
€55,096
From operations (derived)
+€182,449
Net result for the year
+€67,996
Depreciation
+€347
Smaller working-capital items
+€270
Trade debts
+€2,534
Tax, wage and social debts
-€17,157
Other debts
+€128,459
Investment (derived)
-€1,607
Investment in fixed assets (net)
-€1,607
Financing
-€163,000
Contributions, distributions and other
-€163,000
Cash 2025
€72,938
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,894 | €291,741 | +€18,847 | +6.9% |
| Fixed assets | 21/28 | €203,000 | €204,261 | +€1,261 | +0.6% |
| Tangible fixed assets | 22/27 | €0 | €1,261 | +€1,261 | |
| Furniture and vehicles | 24 | €0 | €1,261 | +€1,261 | |
| Financial fixed assets | 28 | €203,000 | €203,000 | = | 0.0% |
| Current assets | 29/58 | €69,894 | €87,480 | +€17,586 | +25.2% |
| Amounts receivable within one year | 40/41 | €12,400 | €12,100 | -€300 | -2.4% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €300 | €0 | -€300 | -100% |
| Cash at bank and in hand | 54/58 | €55,096 | €72,938 | +€17,841 | +32.4% |
| Deferred charges and accrued income | 490/1 | €2,398 | €2,442 | +€45 | +1.9% |
| Total equity and liabilities | 10/49 | €272,894 | €291,741 | +€18,847 | +6.9% |
| Equity | 10/15 | €223,212 | €128,208 | -€95,004 | -42.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €213,212 | €118,208 | -€95,004 | -44.6% |
| Distributable reserves | 133 | €213,212 | €118,208 | -€95,004 | -44.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €49,683 | €163,533 | +€113,850 | +229% |
| Amounts payable within one year | 42/48 | €49,177 | €163,013 | +€113,836 | +231% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,122 | €4,656 | +€2,534 | +119% |
| Suppliers | 440/4 | €2,122 | €4,656 | +€2,534 | +119% |
| Taxes, remuneration and social security | 45 | €45,337 | €28,180 | -€17,157 | -37.8% |
| Taxes | 450/3 | €43,637 | €26,480 | -€17,157 | -39.3% |
| Remuneration and social security | 454/9 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 47/48 | €1,718 | €130,177 | +€128,459 | +7,477% |
| Accrued charges and deferred income | 492/3 | €506 | €520 | +€14 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,770 | €347 | -€3,423 | -90.8% |
| Other operating charges | 640/8 | €510 | €1,159 | +€649 | +127% |
| Gross operating margin | 9900 | €55,495 | €55,503 | +€9 | 0.0% |
| Operating profit (loss) | 9901 | €51,215 | €53,998 | +€2,782 | +5.4% |
| Financial income | 75/76B | €60,000 | €30,000 | -€30,000 | -50.0% |
| Recurring financial income | 75 | €60,000 | €30,000 | -€30,000 | -50.0% |
| Financial charges | 65/66B | -€807 | €170 | +€977 | |
| Recurring financial charges | 65 | -€807 | €170 | +€977 | |
| Profit (loss) for the period before taxes | 9903 | €112,022 | €83,828 | -€28,194 | -25.2% |
| Income taxes | 67/77 | €15,114 | €15,832 | +€719 | +4.8% |
| Profit (loss) for the period | 9904 | €96,909 | €67,996 | -€28,913 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,909 | €67,996 | -€28,913 | -29.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.