FREDIP: 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.
FREDIP
Largest movements
- Financial fixed assets -€1.9m
down €1.9m (-40.7%), from €4.7m to €2.8m
- Other debts -€3.0m
down €3.0m (-59.1%), from €5.1m to €2.1m
- Profit (loss) carried forward +€1.2m
up €1.2m (+35.5%), from -€3.3m to -€2.1m
- Tax, wage and social debts -€74,625
down €74,625 (-36.9%), from €202,279 to €127,654
- Accrued charges and deferred income +€61,091
up €61,091 (+2.6%), from €2.4m to €2.4m
- Financial income +€3.1m
new in 2025: €3.1m
- Financial charges -€92,618
down €92,618 (-45.8%), from €202,091 to €109,473
- Taxes -€74,275
down €74,275 (-74.1%), from €100,246 to €25,971
- Gross operating margin +€2,052
up €2,052 (+12.2%), from -€16,804 to -€14,753
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 | €4,694,563 | €2,825,609 | -€1.9m | -39.8% |
| Fixed assets | 21/28 | €4,693,175 | €2,781,153 | -€1.9m | -40.7% |
| Financial fixed assets | 28 | €4,693,175 | €2,781,153 | -€1.9m | -40.7% |
| Current assets | 29/58 | €1,388 | €44,457 | +€43,068 | +3101.8% |
| Amounts receivable within one year | 40/41 | - | €348 | +€348 | |
| Other amounts receivable | 41 | - | €348 | +€348 | |
| Cash at bank and in hand | 54/58 | €191 | €44,109 | +€43,918 | +23044.4% |
| Deferred charges and accrued income | 490/1 | €1,198 | €0 | -€1,198 | -100.0% |
| Total equity and liabilities | 10/49 | €4,694,563 | €2,825,609 | -€1.9m | -39.8% |
| Equity | 10/15 | -€2,999,423 | -€1,836,997 | +€1.2m | +38.8% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €24,790 | €24,790 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,790 | €24,790 | = | 0.0% |
| Legal reserve | 130 | €24,790 | €24,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,272,107 | -€2,109,680 | +€1.2m | +35.5% |
| Amounts payable | 17/49 | €7,693,986 | €4,662,606 | -€3.0m | -39.4% |
| Amounts payable within one year | 42/48 | €5,331,605 | €2,239,134 | -€3.1m | -58.0% |
| Trade debts | 44 | €5,325 | €14,892 | +€9,567 | +179.7% |
| Suppliers | 440/4 | €5,325 | €14,892 | +€9,567 | +179.7% |
| Taxes, remuneration and social security | 45 | €202,279 | €127,654 | -€74,625 | -36.9% |
| Taxes | 450/3 | €202,279 | €127,654 | -€74,625 | -36.9% |
| Other amounts payable | 47/48 | €5,124,001 | €2,096,588 | -€3.0m | -59.1% |
| Accrued charges and deferred income | 492/3 | €2,362,382 | €2,423,472 | +€61,091 | +2.6% |
| Other operating charges | 640/8 | €1,055 | €1,106 | +€51 | +4.8% |
| Non-recurring operating charges | 66A | - | €1,792,508 | +€1.8m | |
| Gross operating margin | 9900 | -€16,804 | -€14,753 | +€2,052 | +12.2% |
| Operating profit (loss) | 9901 | -€17,859 | -€1,808,367 | -€1.8m | -10025.6% |
| Financial income | 75/76B | - | €3,106,237 | +€3.1m | |
| Recurring financial income | 75 | - | €3,106,237 | +€3.1m | |
| Financial charges | 65/66B | €202,091 | €109,473 | -€92,618 | -45.8% |
| Recurring financial charges | 65 | €202,091 | €109,473 | -€92,618 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | -€219,951 | €1,188,397 | +€1.4m | |
| Income taxes | 67/77 | €100,246 | €25,971 | -€74,275 | -74.1% |
| Profit (loss) for the period | 9904 | -€320,196 | €1,162,426 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€320,196 | €1,162,426 | +€1.5m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.