FREDIMMO: 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.
FREDIMMO
Largest movements
- Cash +€14,346
up €14,346 (+3.1%), from €467,873 to €482,219
mainly Net result for the year (+€37,465) and Deferred charges and accrued income (+€5,383)
- Reserves +€37,465
up €37,465 (+16.1%), from €232,796 to €270,261
- Provisions -€30,411
no longer reported in 2025 (was €30,411)
- Financial income -€11,756
down €11,756 (-56.8%), from €20,683 to €8,927
- Gross operating margin +€9,743
up €9,743 (+23.8%), from €40,927 to €50,670
- Taxes +€9,161
up €9,161 (+275.4%), from €3,327 to €12,488
- Other operating charges +€826
up €826 (+11.4%), from €7,265 to €8,091
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 | €988,427 | €997,080 | +€8,653 | +0.9% |
| Fixed assets | 21/28 | €9,075 | €8,167 | -€908 | -10.0% |
| Tangible fixed assets | 22/27 | €9,075 | €8,167 | -€908 | -10.0% |
| Furniture and vehicles | 24 | €9,075 | €8,167 | -€908 | -10.0% |
| Current assets | 29/58 | €979,352 | €988,913 | +€9,561 | +1.0% |
| Stocks and contracts in progress | 3 | €504,888 | €504,889 | +€1 | 0.0% |
| Stocks | 30/36 | €504,888 | €504,889 | +€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €1,208 | €1,805 | +€597 | +49.4% |
| Other amounts receivable | 41 | €1,208 | €1,805 | +€597 | +49.4% |
| Cash at bank and in hand | 54/58 | €467,873 | €482,219 | +€14,346 | +3.1% |
| Deferred charges and accrued income | 490/1 | €5,383 | - | -€5,383 | |
| Total equity and liabilities | 10/49 | €988,427 | €997,080 | +€8,653 | +0.9% |
| Equity | 10/15 | €397,796 | €435,261 | +€37,465 | +9.4% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €232,796 | €270,261 | +€37,465 | +16.1% |
| Distributable reserves | 133 | €232,796 | €270,261 | +€37,465 | +16.1% |
| Provisions and deferred taxes | 16 | €30,411 | - | -€30,411 | |
| Provisions for liabilities and charges | 160/5 | €30,411 | - | -€30,411 | |
| Other liabilities and charges | 164/5 | €30,411 | - | -€30,411 | |
| Amounts payable | 17/49 | €560,220 | €561,819 | +€1,599 | +0.3% |
| Amounts payable within one year | 42/48 | €560,220 | €561,819 | +€1,599 | +0.3% |
| Other amounts payable | 47/48 | €560,220 | €561,819 | +€1,599 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €908 | €908 | = | 0.0% |
| Other operating charges | 640/8 | €7,265 | €8,091 | +€826 | +11.4% |
| Gross operating margin | 9900 | €40,927 | €50,670 | +€9,743 | +23.8% |
| Operating profit (loss) | 9901 | €32,754 | €41,671 | +€8,917 | +27.2% |
| Financial income | 75/76B | €20,683 | €8,927 | -€11,756 | -56.8% |
| Recurring financial income | 75 | €20,683 | €8,927 | -€11,756 | -56.8% |
| Financial charges | 65/66B | €1,043 | €645 | -€398 | -38.2% |
| Recurring financial charges | 65 | €147 | €151 | +€4 | +2.7% |
| Non-recurring financial charges | 66B | €896 | €494 | -€402 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €52,394 | €49,953 | -€2,441 | -4.7% |
| Income taxes | 67/77 | €3,327 | €12,488 | +€9,161 | +275.4% |
| Profit (loss) for the period | 9904 | €49,067 | €37,465 | -€11,602 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,067 | €37,465 | -€11,602 | -23.6% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.