Frederix E. Dr.: 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.
Frederix E. Dr.
Largest movements
- Current investments +€51,427
up €51,427 (+12.7%), from €406,362 to €457,789
- Cash +€45,142
up €45,142 (+25.3%), from €178,605 to €223,747
mainly Net result for the year (+€131,992) and Tax, wage and social debts (+€11,464)
- Reserves +€72,900
up €72,900 (+12.8%), from €571,252 to €644,152
- Tax, wage and social debts +€11,464
new in 2024: €11,464
- Gross operating margin +€11,579
up €11,579 (+6.6%), from €176,326 to €187,905
- Financial income +€7,570
up €7,570 (+271.9%), from €2,784 to €10,354
- Taxes +€5,449
up €5,449 (+10.1%), from €54,015 to €59,464
- Depreciation -€4,743
down €4,743 (-69.3%), from €6,844 to €2,101
- Other operating charges +€2,325
up €2,325 (+122.6%), from €1,897 to €4,222
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €602,228 | €690,817 | +€88,589 | +14.7% |
| Fixed assets | 21/28 | €6,281 | €4,179 | -€2,102 | -33.5% |
| Tangible fixed assets | 22/27 | €6,281 | €4,179 | -€2,102 | -33.5% |
| Land and buildings | 22 | €5,046 | €3,713 | -€1,333 | -26.4% |
| Furniture and vehicles | 24 | €1,235 | €466 | -€769 | -62.3% |
| Current assets | 29/58 | €595,947 | €686,638 | +€90,691 | +15.2% |
| Amounts receivable within one year | 40/41 | €985 | - | -€985 | |
| Other amounts receivable | 41 | €985 | - | -€985 | |
| Current investments | 50/53 | €406,362 | €457,789 | +€51,427 | +12.7% |
| Cash at bank and in hand | 54/58 | €178,605 | €223,747 | +€45,142 | +25.3% |
| Deferred charges and accrued income | 490/1 | €9,995 | €5,102 | -€4,893 | -49.0% |
| Total equity and liabilities | 10/49 | €602,228 | €690,817 | +€88,589 | +14.7% |
| Equity | 10/15 | €589,852 | €662,752 | +€72,900 | +12.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €571,252 | €644,152 | +€72,900 | +12.8% |
| Distributable reserves | 133 | €571,252 | €644,152 | +€72,900 | +12.8% |
| Amounts payable | 17/49 | €12,376 | €28,065 | +€15,689 | +126.8% |
| Amounts payable within one year | 42/48 | €12,376 | €27,946 | +€15,570 | +125.8% |
| Trade debts | 44 | €117 | €227 | +€110 | +94.0% |
| Suppliers | 440/4 | €117 | €227 | +€110 | +94.0% |
| Taxes, remuneration and social security | 45 | - | €11,464 | +€11,464 | |
| Taxes | 450/3 | - | €11,464 | +€11,464 | |
| Other amounts payable | 47/48 | €12,259 | €16,255 | +€3,996 | +32.6% |
| Accrued charges and deferred income | 492/3 | - | €119 | +€119 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,844 | €2,101 | -€4,743 | -69.3% |
| Other operating charges | 640/8 | €1,897 | €4,222 | +€2,325 | +122.6% |
| Gross operating margin | 9900 | €176,326 | €187,905 | +€11,579 | +6.6% |
| Operating profit (loss) | 9901 | €167,585 | €181,582 | +€13,997 | +8.4% |
| Financial income | 75/76B | €2,784 | €10,354 | +€7,570 | +271.9% |
| Recurring financial income | 75 | €2,784 | €10,354 | +€7,570 | +271.9% |
| Financial charges | 65/66B | €482 | €480 | -€2 | -0.4% |
| Recurring financial charges | 65 | €482 | €480 | -€2 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €169,887 | €191,456 | +€21,569 | +12.7% |
| Income taxes | 67/77 | €54,015 | €59,464 | +€5,449 | +10.1% |
| Profit (loss) for the period | 9904 | €115,872 | €131,992 | +€16,120 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €115,872 | €131,992 | +€16,120 | +13.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.