Frederikx: what changed
Two fiscal 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.
Frederikx
Largest movements
- Receivables within one year -€59,227
down €59,227 (-36.6%), from €161,651 to €102,424
of which Trade receivables: -€49,640
- Stocks and contracts +€13,855
new in 2025: €13,855
- Cash -€3,976
down €3,976 (-11.8%), from €33,588 to €29,612
mainly Trade debts (-€53,908) and Contributions, distributions and other (-€40,000)
- Trade debts -€53,908
down €53,908 (-65.4%), from €82,451 to €28,543
- Other debts +€40,000
new in 2025: €40,000
- Profit (loss) carried forward -€27,119
down €27,119 (-32.1%), from €84,521 to €57,402
- Tax, wage and social debts -€10,051
down €10,051 (-56.1%), from €17,911 to €7,860
- Gross operating margin -€22,199
down €22,199 (-58.6%), from €37,866 to €15,667
- Taxes -€5,752
down €5,752 (-51.8%), from €11,112 to €5,360
- Financial income +€584
up €584 (+10.3%), from €5,652 to €6,236
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.
Cash bridge derived
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 | €206,882 | €155,805 | -€51,078 | -24.7% |
| Fixed assets | 21/28 | €10,265 | €8,331 | -€1,934 | -18.8% |
| Tangible fixed assets | 22/27 | €10,265 | €8,331 | -€1,934 | -18.8% |
| Land and buildings | 22 | €147 | - | -€147 | |
| Plant, machinery and equipment | 23 | €8,920 | €7,911 | -€1,010 | -11.3% |
| Furniture and vehicles | 24 | €1,198 | €420 | -€778 | -64.9% |
| Current assets | 29/58 | €196,617 | €147,474 | -€49,144 | -25.0% |
| Stocks and contracts in progress | 3 | - | €13,855 | +€13,855 | |
| Contracts in progress | 37 | - | €13,855 | +€13,855 | |
| Amounts receivable within one year | 40/41 | €161,651 | €102,424 | -€59,227 | -36.6% |
| Trade receivables | 40 | €106,508 | €56,868 | -€49,640 | -46.6% |
| Other amounts receivable | 41 | €55,143 | €45,556 | -€9,587 | -17.4% |
| Cash at bank and in hand | 54/58 | €33,588 | €29,612 | -€3,976 | -11.8% |
| Deferred charges and accrued income | 490/1 | €1,379 | €1,583 | +€204 | +14.8% |
| Total equity and liabilities | 10/49 | €206,882 | €155,805 | -€51,078 | -24.7% |
| Equity | 10/15 | €106,521 | €79,402 | -€27,119 | -25.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,521 | €57,402 | -€27,119 | -32.1% |
| Amounts payable | 17/49 | €100,362 | €76,403 | -€23,959 | -23.9% |
| Amounts payable within one year | 42/48 | €100,362 | €76,403 | -€23,959 | -23.9% |
| Trade debts | 44 | €82,451 | €28,543 | -€53,908 | -65.4% |
| Suppliers | 440/4 | €82,451 | €28,543 | -€53,908 | -65.4% |
| Taxes, remuneration and social security | 45 | €17,911 | €7,860 | -€10,051 | -56.1% |
| Taxes | 450/3 | €17,911 | €7,860 | -€10,051 | -56.1% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,934 | €1,934 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,437 | €1,617 | +€180 | +12.5% |
| Gross operating margin | 9900 | €37,866 | €15,667 | -€22,199 | -58.6% |
| Operating profit (loss) | 9901 | €34,495 | €12,116 | -€22,378 | -64.9% |
| Financial income | 75/76B | €5,652 | €6,236 | +€584 | +10.3% |
| Recurring financial income | 75 | €5,652 | €6,236 | +€584 | +10.3% |
| Financial charges | 65/66B | €87 | €111 | +€25 | +28.5% |
| Recurring financial charges | 65 | €87 | €111 | +€25 | +28.5% |
| Profit (loss) for the period before taxes | 9903 | €40,059 | €18,241 | -€21,819 | -54.5% |
| Income taxes | 67/77 | €11,112 | €5,360 | -€5,752 | -51.8% |
| Profit (loss) for the period | 9904 | €28,948 | €12,881 | -€16,066 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,948 | €12,881 | -€16,066 | -55.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.