FREDIE: 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.
FREDIE
Largest movements
- Cash +€7,655
up €7,655 (+237.0%), from €3,231 to €10,886
mainly Net result for the year (+€4,030) and Trade debts (+€3,831)
- Receivables within one year -€2,363
down €2,363 (-39.5%), from €5,984 to €3,621
of which Trade receivables: -€2,075
- Tangible fixed assets -€478
down €478 (-54.2%), from €883 to €405
of which Plant, machinery and equipment: -€367
- Profit (loss) carried forward +€4,030
up €4,030 (+9.7%), from -€41,526 to -€37,496
- Trade debts +€3,831
up €3,831 (+771.3%), from €497 to €4,327
- Accrued charges and deferred income -€1,961
down €1,961 (-68.0%), from €2,884 to €924
- Tax, wage and social debts -€1,250
down €1,250 (-58.5%), from €2,137 to €886
- Other debts +€165
up €165 (+0.8%), from €21,682 to €21,847
- Gross operating margin +€14,542
up €14,542, from -€9,153 to €5,389
- Depreciation -€338
down €338 (-41.4%), from €816 to €478
- Financial charges -€96
down €96 (-21.4%), from €449 to €353
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 | €10,097 | €14,911 | +€4,814 | +47.7% |
| Fixed assets | 21/28 | €883 | €405 | -€478 | -54.2% |
| Tangible fixed assets | 22/27 | €883 | €405 | -€478 | -54.2% |
| Plant, machinery and equipment | 23 | €669 | €302 | -€367 | -54.9% |
| Furniture and vehicles | 24 | €214 | €103 | -€111 | -51.9% |
| Current assets | 29/58 | €9,214 | €14,507 | +€5,293 | +57.4% |
| Amounts receivable within one year | 40/41 | €5,984 | €3,621 | -€2,363 | -39.5% |
| Trade receivables | 40 | €5,695 | €3,621 | -€2,075 | -36.4% |
| Other amounts receivable | 41 | €288 | €0 | -€288 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,231 | €10,886 | +€7,655 | +237.0% |
| Total equity and liabilities | 10/49 | €10,097 | €14,911 | +€4,814 | +47.7% |
| Equity | 10/15 | -€17,102 | -€13,073 | +€4,030 | +23.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,224 | €18,224 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €18,224 | €18,224 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,526 | -€37,496 | +€4,030 | +9.7% |
| Amounts payable | 17/49 | €27,199 | €27,984 | +€785 | +2.9% |
| Amounts payable within one year | 42/48 | €24,315 | €27,061 | +€2,746 | +11.3% |
| Trade debts | 44 | €497 | €4,327 | +€3,831 | +771.3% |
| Suppliers | 440/4 | €497 | €4,327 | +€3,831 | +771.3% |
| Taxes, remuneration and social security | 45 | €2,137 | €886 | -€1,250 | -58.5% |
| Taxes | 450/3 | €2,137 | €886 | -€1,250 | -58.5% |
| Other amounts payable | 47/48 | €21,682 | €21,847 | +€165 | +0.8% |
| Accrued charges and deferred income | 492/3 | €2,884 | €924 | -€1,961 | -68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €816 | €478 | -€338 | -41.4% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€9,153 | €5,389 | +€14,542 | |
| Operating profit (loss) | 9901 | -€10,483 | €4,383 | +€14,866 | |
| Financial income | 75/76B | €31 | €0 | -€31 | -100.0% |
| Recurring financial income | 75 | €31 | €0 | -€31 | -100.0% |
| Financial charges | 65/66B | €449 | €353 | -€96 | -21.4% |
| Recurring financial charges | 65 | €449 | €353 | -€96 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,901 | €4,030 | +€14,931 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€10,901 | €4,030 | +€14,931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,901 | €4,030 | +€14,931 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.