FREDISA: 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.
FREDISA
Largest movements
- Receivables within one year -€2,952
down €2,952 (-7.7%), from €38,484 to €35,532
of which Trade receivables: -€3,312
- Cash +€2,681
up €2,681 (+278%), from €964 to €3,645
mainly Net result for the year (+€3,501) and Receivables within one year (+€2,952)
- Profit (loss) carried forward +€3,501
up €3,501 (+22.2%), from €15,772 to €19,273
- Tax, wage and social debts -€2,811
down €2,811 (-25.9%), from €10,846 to €8,035
- Short-term financial debts -€1,089
no longer reported in 2025 (was €1,089)
- Taxes -€5,630
down €5,630 (-89.7%), from €6,275 to €645
- Gross operating margin -€2,541
down €2,541 (-19.9%), from €12,781 to €10,240
- Financial charges -€748
down €748 (-47.6%), from €1,573 to €825
- Financial income -€282
down €282 (-15.8%), from €1,782 to €1,500
- Other operating charges -€245
down €245 (-17.9%), from €1,370 to €1,125
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.
Derived cash bridge
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 | €40,277 | €39,995 | -€282 | -0.7% |
| Fixed assets | 21/28 | €818 | €818 | = | 0.0% |
| Financial fixed assets | 28 | €818 | €818 | = | 0.0% |
| Current assets | 29/58 | €39,459 | €39,177 | -€282 | -0.7% |
| Amounts receivable within one year | 40/41 | €38,484 | €35,532 | -€2,952 | -7.7% |
| Trade receivables | 40 | €11,043 | €7,731 | -€3,312 | -30.0% |
| Other amounts receivable | 41 | €27,441 | €27,801 | +€360 | +1.3% |
| Current investments | 50/53 | €11 | - | -€11 | |
| Cash at bank and in hand | 54/58 | €964 | €3,645 | +€2,681 | +278% |
| Total equity and liabilities | 10/49 | €40,277 | €39,995 | -€282 | -0.7% |
| Equity | 10/15 | €23,836 | €27,337 | +€3,501 | +14.7% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Capital | 10 | €6,205 | €6,205 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,772 | €19,273 | +€3,501 | +22.2% |
| Amounts payable | 17/49 | €16,441 | €12,658 | -€3,783 | -23.0% |
| Amounts payable within one year | 42/48 | €16,441 | €12,658 | -€3,783 | -23.0% |
| Financial debts | 43 | €1,089 | - | -€1,089 | |
| Credit institutions | 430/8 | €1,089 | - | -€1,089 | |
| Trade debts | 44 | €4,506 | €4,623 | +€117 | +2.6% |
| Suppliers | 440/4 | €4,506 | €4,623 | +€117 | +2.6% |
| Taxes, remuneration and social security | 45 | €10,846 | €8,035 | -€2,811 | -25.9% |
| Taxes | 450/3 | €10,846 | €8,035 | -€2,811 | -25.9% |
| Other operating charges | 640/8 | €1,370 | €1,125 | -€245 | -17.9% |
| Non-recurring operating charges | 66A | - | €5,644 | +€5,644 | |
| Gross operating margin | 9900 | €12,781 | €10,240 | -€2,541 | -19.9% |
| Operating profit (loss) | 9901 | €11,411 | €3,471 | -€7,940 | -69.6% |
| Financial income | 75/76B | €1,782 | €1,500 | -€282 | -15.8% |
| Recurring financial income | 75 | €1,782 | €1,500 | -€282 | -15.8% |
| Financial charges | 65/66B | €1,573 | €825 | -€748 | -47.6% |
| Recurring financial charges | 65 | €1,573 | €825 | -€748 | -47.6% |
| Profit (loss) for the period before taxes | 9903 | €11,620 | €4,146 | -€7,474 | -64.3% |
| Income taxes | 67/77 | €6,275 | €645 | -€5,630 | -89.7% |
| Profit (loss) for the period | 9904 | €5,345 | €3,501 | -€1,844 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,345 | €3,501 | -€1,844 | -34.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.