FREDI GROUP: what changed
Two financial 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.
FREDI GROUP
Largest movements
- Cash +€38,027
up €38,027 (+115.5%), from €32,935 to €70,962
mainly Net result for the year (+€24,619) and Tax, wage and social debts (+€13,600)
- Receivables within one year -€10,186
down €10,186 (-27.5%), from €37,070 to €26,884
of which Other amounts receivable: -€6,114
- Tangible fixed assets -€9,855
down €9,855 (-17.4%), from €56,530 to €46,675
of which Furniture and vehicles: -€8,008
- Reserves +€24,619
up €24,619 (+1323.6%), from €1,860 to €26,479
of which Distributable reserves: +€24,619
- Debts after one year -€23,802
down €23,802 (-9.7%), from €244,525 to €220,723
- Tax, wage and social debts +€13,600
up €13,600 (+1478.3%), from €920 to €14,520
- Trade debts -€7,130
down €7,130 (-24.6%), from €28,974 to €21,844
- Current portion of long-term debt +€5,794
up €5,794 (+37.6%), from €15,392 to €21,186
- Gross operating margin +€47,861
up €47,861 (+335.1%), from €14,284 to €62,145
- Taxes +€15,672
up €15,672 (+217976.1%), from €7 to €15,680
- Depreciation +€8,551
up €8,551 (+193.8%), from €4,414 to €12,965
- Financial income +€2,328
up €2,328 (+300.6%), from €774 to €3,102
- Financial charges +€1,453
up €1,453 (+18.0%), from €8,086 to €9,538
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 | €362,401 | €379,201 | +€16,800 | +4.6% |
| Fixed assets | 21/28 | €56,530 | €46,675 | -€9,855 | -17.4% |
| Tangible fixed assets | 22/27 | €56,530 | €46,675 | -€9,855 | -17.4% |
| Plant, machinery and equipment | 23 | €2,931 | €1,084 | -€1,847 | -63.0% |
| Furniture and vehicles | 24 | €53,598 | €45,591 | -€8,008 | -14.9% |
| Current assets | 29/58 | €305,871 | €332,526 | +€26,655 | +8.7% |
| Stocks and contracts in progress | 3 | €234,489 | €234,489 | = | 0.0% |
| Stocks | 30/36 | €234,489 | €234,489 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €37,070 | €26,884 | -€10,186 | -27.5% |
| Trade receivables | 40 | €12,180 | €8,108 | -€4,071 | -33.4% |
| Other amounts receivable | 41 | €24,890 | €18,776 | -€6,114 | -24.6% |
| Cash at bank and in hand | 54/58 | €32,935 | €70,962 | +€38,027 | +115.5% |
| Deferred charges and accrued income | 490/1 | €1,377 | €191 | -€1,186 | -86.1% |
| Total equity and liabilities | 10/49 | €362,401 | €379,201 | +€16,800 | +4.6% |
| Equity | 10/15 | €53,860 | €78,478 | +€24,619 | +45.7% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €26,479 | +€24,619 | +1323.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €26,479 | +€24,619 | +1323.6% |
| Profit (loss) carried forward | 14 | €45,500 | €45,500 | = | 0.0% |
| Amounts payable | 17/49 | €308,541 | €300,723 | -€7,818 | -2.5% |
| Amounts payable after more than one year | 17 | €244,525 | €220,723 | -€23,802 | -9.7% |
| Financial debts | 170/4 | €244,525 | €220,723 | -€23,802 | -9.7% |
| Amounts payable within one year | 42/48 | €64,016 | €80,000 | +€15,984 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €15,392 | €21,186 | +€5,794 | +37.6% |
| Trade debts | 44 | €28,974 | €21,844 | -€7,130 | -24.6% |
| Suppliers | 440/4 | €28,974 | €21,844 | -€7,130 | -24.6% |
| Taxes, remuneration and social security | 45 | €920 | €14,520 | +€13,600 | +1478.3% |
| Taxes | 450/3 | €920 | €14,520 | +€13,600 | +1478.3% |
| Other amounts payable | 47/48 | €18,730 | €22,449 | +€3,720 | +19.9% |
| Non-recurring operating income | 76A | - | €550 | +€550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,414 | €12,965 | +€8,551 | +193.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,958 | €2,445 | +€487 | +24.9% |
| Gross operating margin | 9900 | €14,284 | €62,145 | +€47,861 | +335.1% |
| Operating profit (loss) | 9901 | €7,912 | €46,735 | +€38,823 | +490.7% |
| Financial income | 75/76B | €774 | €3,102 | +€2,328 | +300.6% |
| Recurring financial income | 75 | €774 | €3,102 | +€2,328 | +300.6% |
| Financial charges | 65/66B | €8,086 | €9,538 | +€1,453 | +18.0% |
| Recurring financial charges | 65 | €8,086 | €9,538 | +€1,453 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €601 | €40,298 | +€39,698 | +6607.6% |
| Income taxes | 67/77 | €7 | €15,680 | +€15,672 | +217976.1% |
| Profit (loss) for the period | 9904 | €594 | €24,619 | +€24,025 | +4047.4% |
| Profit (loss) for the period to be appropriated | 9905 | €594 | €24,619 | +€24,025 | +4047.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.