FREDERIK FALEPIN: what changed
What changed
FREDERIK FALEPIN
NACE 69.201, Certified accountants and tax accountants
filed annual accounts (NBB)
Net result for the year
€199,987
2025 · €257,404-€57,417
Equity
€684,323
2025 · €684,323
Cash
€82,943
2025 · €633,820-€550,877
Balance sheet total
€1.2m
2025 · €1.4m-€258,284
Largest movements
Assets
- Cash -€550,877
down €550,877 (-86.9%), from €633,820 to €82,943
mainly Current investments (-€300,000) and Other debts (-€248,629)
- Current investments +€300,000
up €300,000 (+40.0%), from €749,356 to €1.0m
Equity and liabilities
- Other debts -€248,629
down €248,629 (-33.8%), from €735,724 to €487,095
- Tax, wage and social debts -€14,472
down €14,472 (-69.8%), from €20,746 to €6,274
Income statement
- Gross operating margin -€40,544
down €40,544 (-11.9%), from €340,943 to €300,399
- Financial income -€17,096
down €17,096 (-48.0%), from €35,594 to €18,498
- Taxes -€12,370
down €12,370 (-15.4%), from €80,585 to €68,215
- Financial charges +€11,588
up €11,588 (+56.9%), from €20,367 to €31,955
Change in the result, 2025 to 2026
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 2025
€257,404
Gross operating margin
-€40,544
Depreciation
-€517
Other operating charges
-€42
Financial income
-€17,096
Financial charges
-€11,588
Taxes
+€12,370
Result 2026
€199,987
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€43,177
Investment
-€307,713
Financing
-€199,987
Cash 2025
€633,820
From operations (derived)
-€43,177
Net result for the year
+€199,987
Depreciation
+€17,123
Receivables within one year
-€2,300
Deferred charges and accrued income
+€297
Trade debts
+€4,817
Tax, wage and social debts
-€14,472
Other debts
-€248,629
Investment (derived)
-€307,713
Investment in fixed assets (net)
-€7,713
Current investments
-€300,000
Financing
-€199,987
Contributions, distributions and other
-€199,987
Cash 2026
€82,943
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,442,030 | €1,183,746 | -€258,284 | -17.9% |
| Fixed assets | 21/28 | €56,442 | €47,032 | -€9,410 | -16.7% |
| Tangible fixed assets | 22/27 | €56,442 | €47,032 | -€9,410 | -16.7% |
| Plant, machinery and equipment | 23 | - | €1,850 | +€1,850 | |
| Furniture and vehicles | 24 | €56,442 | €45,182 | -€11,260 | -19.9% |
| Current assets | 29/58 | €1,385,588 | €1,136,714 | -€248,874 | -18.0% |
| Amounts receivable within one year | 40/41 | - | €2,300 | +€2,300 | |
| Other amounts receivable | 41 | - | €2,300 | +€2,300 | |
| Current investments | 50/53 | €749,356 | €1,049,356 | +€300,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €633,820 | €82,943 | -€550,877 | -86.9% |
| Deferred charges and accrued income | 490/1 | €2,412 | €2,115 | -€297 | -12.3% |
| Total equity and liabilities | 10/49 | €1,442,030 | €1,183,746 | -€258,284 | -17.9% |
| Equity | 10/15 | €684,323 | €684,323 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €665,723 | €665,723 | = | 0.0% |
| Distributable reserves | 133 | €665,723 | €665,723 | = | 0.0% |
| Amounts payable | 17/49 | €757,707 | €499,423 | -€258,284 | -34.1% |
| Amounts payable within one year | 42/48 | €757,707 | €499,423 | -€258,284 | -34.1% |
| Trade debts | 44 | €1,237 | €6,054 | +€4,817 | +389% |
| Suppliers | 440/4 | €1,237 | €6,054 | +€4,817 | +389% |
| Taxes, remuneration and social security | 45 | €20,746 | €6,274 | -€14,472 | -69.8% |
| Taxes | 450/3 | €20,746 | €6,274 | -€14,472 | -69.8% |
| Other amounts payable | 47/48 | €735,724 | €487,095 | -€248,629 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,606 | €17,123 | +€517 | +3.1% |
| Other operating charges | 640/8 | €1,575 | €1,617 | +€42 | +2.7% |
| Gross operating margin | 9900 | €340,943 | €300,399 | -€40,544 | -11.9% |
| Operating profit (loss) | 9901 | €322,762 | €281,659 | -€41,103 | -12.7% |
| Financial income | 75/76B | €35,594 | €18,498 | -€17,096 | -48.0% |
| Recurring financial income | 75 | €35,594 | €18,498 | -€17,096 | -48.0% |
| Financial charges | 65/66B | €20,367 | €31,955 | +€11,588 | +56.9% |
| Recurring financial charges | 65 | €20,367 | €31,955 | +€11,588 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €337,989 | €268,202 | -€69,787 | -20.6% |
| Income taxes | 67/77 | €80,585 | €68,215 | -€12,370 | -15.4% |
| Profit (loss) for the period | 9904 | €257,404 | €199,987 | -€57,417 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €257,404 | €199,987 | -€57,417 | -22.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.