FREDIMEX: 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.
FREDIMEX
Largest movements
- Receivables within one year +€72,731
up €72,731 (+88.8%), from €81,921 to €154,652
of which Trade receivables: +€59,174
- Tangible fixed assets +€40,339
up €40,339 (+35.9%), from €112,519 to €152,858
of which Land and buildings: +€42,990
- Stocks and contracts -€24,073
down €24,073 (-5.8%), from €412,932 to €388,859
- Trade debts +€79,044
up €79,044 (+430.0%), from €18,383 to €97,427
- Advances received +€23,829
new in 2024: €23,829
- Short-term financial debts -€16,389
down €16,389 (-15.0%), from €109,386 to €92,997
- Other debts +€12,755
up €12,755 (+4.0%), from €320,977 to €333,732
- Current portion of long-term debt -€8,155
down €8,155 (-65.4%), from €12,479 to €4,323
- Gross operating margin +€9,287
up €9,287 (+17.8%), from €52,103 to €61,389
- Financial charges +€2,204
up €2,204 (+15.2%), from €14,544 to €16,748
- Other operating charges +€1,835
up €1,835 (+60.6%), from €3,026 to €4,861
- Depreciation -€1,403
down €1,403 (-5.1%), from €27,337 to €25,933
- Staff costs +€1,138
up €1,138 (+20.4%), from €5,587 to €6,726
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 | €610,047 | €700,945 | +€90,898 | +14.9% |
| Fixed assets | 21/28 | €112,519 | €152,858 | +€40,339 | +35.9% |
| Tangible fixed assets | 22/27 | €112,519 | €152,858 | +€40,339 | +35.9% |
| Land and buildings | 22 | €103,743 | €146,733 | +€42,990 | +41.4% |
| Plant, machinery and equipment | 23 | €8,776 | €6,125 | -€2,651 | -30.2% |
| Current assets | 29/58 | €497,528 | €548,087 | +€50,559 | +10.2% |
| Stocks and contracts in progress | 3 | €412,932 | €388,859 | -€24,073 | -5.8% |
| Stocks | 30/36 | €412,932 | €388,859 | -€24,073 | -5.8% |
| Amounts receivable within one year | 40/41 | €81,921 | €154,652 | +€72,731 | +88.8% |
| Trade receivables | 40 | €55,924 | €115,098 | +€59,174 | +105.8% |
| Other amounts receivable | 41 | €25,997 | €39,554 | +€13,557 | +52.1% |
| Cash at bank and in hand | 54/58 | €1,681 | €3,857 | +€2,176 | +129.5% |
| Deferred charges and accrued income | 490/1 | €995 | €720 | -€275 | -27.6% |
| Total equity and liabilities | 10/49 | €610,047 | €700,945 | +€90,898 | +14.9% |
| Equity | 10/15 | €93,767 | €101,405 | +€7,638 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,167 | €82,805 | +€7,638 | +10.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,700 | €1,700 | = | 0.0% |
| Distributable reserves | 133 | €71,607 | €79,245 | +€7,638 | +10.7% |
| Amounts payable | 17/49 | €516,280 | €599,540 | +€83,260 | +16.1% |
| Amounts payable after more than one year | 17 | €48,491 | €44,167 | -€4,323 | -8.9% |
| Financial debts | 170/4 | €48,491 | €44,167 | -€4,323 | -8.9% |
| Amounts payable within one year | 42/48 | €467,790 | €555,372 | +€87,583 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | €12,479 | €4,323 | -€8,155 | -65.4% |
| Financial debts | 43 | €109,386 | €92,997 | -€16,389 | -15.0% |
| Credit institutions | 430/8 | €109,386 | €92,997 | -€16,389 | -15.0% |
| Trade debts | 44 | €18,383 | €97,427 | +€79,044 | +430.0% |
| Suppliers | 440/4 | €18,383 | €97,427 | +€79,044 | +430.0% |
| Advances received on contracts in progress | 46 | - | €23,829 | +€23,829 | |
| Taxes, remuneration and social security | 45 | €6,565 | €3,063 | -€3,502 | -53.3% |
| Taxes | 450/3 | €6,125 | €2,175 | -€3,950 | -64.5% |
| Remuneration and social security | 454/9 | €440 | €888 | +€448 | +102.0% |
| Other amounts payable | 47/48 | €320,977 | €333,732 | +€12,755 | +4.0% |
| Remuneration, social security and pensions | 62 | €5,587 | €6,726 | +€1,138 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,337 | €25,933 | -€1,403 | -5.1% |
| Other operating charges | 640/8 | €3,026 | €4,861 | +€1,835 | +60.6% |
| Gross operating margin | 9900 | €52,103 | €61,389 | +€9,287 | +17.8% |
| Operating profit (loss) | 9901 | €16,153 | €23,869 | +€7,716 | +47.8% |
| Financial income | 75/76B | €403 | €517 | +€114 | +28.3% |
| Recurring financial income | 75 | €403 | €517 | +€114 | +28.3% |
| Financial charges | 65/66B | €14,544 | €16,748 | +€2,204 | +15.2% |
| Recurring financial charges | 65 | €14,544 | €16,748 | +€2,204 | +15.2% |
| Profit (loss) for the period before taxes | 9903 | €2,012 | €7,638 | +€5,626 | +279.6% |
| Profit (loss) for the period | 9904 | €2,012 | €7,638 | +€5,626 | +279.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,012 | €7,638 | +€5,626 | +279.6% |
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 2 October 2026 via checked.be.