FREDKO: 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.
FREDKO
Largest movements
- Cash +€318,367
up €318,367 (+494.9%), from €64,335 to €382,702
mainly Net result for the year (+€253,211) and Current investments (+€100,000)
- Current investments -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Receivables within one year +€36,089
up €36,089 (+61.7%), from €58,535 to €94,625
- Tangible fixed assets -€10,187
down €10,187 (-20.9%), from €48,707 to €38,519
of which Furniture and vehicles: -€8,507
- Reserves +€253,211
new in 2025: €253,211
- Tax, wage and social debts -€9,570
down €9,570 (-27.0%), from €35,491 to €25,921
of which Taxes: -€7,828
- Gross operating margin +€28,697
up €28,697 (+9.3%), from €307,489 to €336,186
- Taxes +€10,641
up €10,641 (+15.8%), from €67,489 to €78,130
- Financial income +€9,301
up €9,301 (+1317.9%), from €706 to €10,007
- Depreciation -€4,904
down €4,904 (-32.5%), from €15,091 to €10,187
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 | €471,979 | €716,268 | +€244,289 | +51.8% |
| Fixed assets | 21/28 | €48,707 | €38,519 | -€10,187 | -20.9% |
| Tangible fixed assets | 22/27 | €48,707 | €38,519 | -€10,187 | -20.9% |
| Land and buildings | 22 | €33,110 | €31,430 | -€1,680 | -5.1% |
| Furniture and vehicles | 24 | €15,597 | €7,089 | -€8,507 | -54.5% |
| Current assets | 29/58 | €423,272 | €677,748 | +€254,476 | +60.1% |
| Amounts receivable within one year | 40/41 | €58,535 | €94,625 | +€36,089 | +61.7% |
| Trade receivables | 40 | €58,535 | €94,625 | +€36,089 | +61.7% |
| Current investments | 50/53 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €64,335 | €382,702 | +€318,367 | +494.9% |
| Deferred charges and accrued income | 490/1 | €402 | €422 | +€19 | +4.8% |
| Total equity and liabilities | 10/49 | €471,979 | €716,268 | +€244,289 | +51.8% |
| Equity | 10/15 | €382,518 | €635,730 | +€253,211 | +66.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €253,211 | +€253,211 | |
| Distributable reserves | 133 | - | €253,211 | +€253,211 | |
| Profit (loss) carried forward | 14 | €380,018 | €380,018 | = | 0.0% |
| Amounts payable | 17/49 | €89,461 | €80,538 | -€8,923 | -10.0% |
| Amounts payable within one year | 42/48 | €86,036 | €76,740 | -€9,296 | -10.8% |
| Trade debts | 44 | €257 | €531 | +€275 | +107.0% |
| Suppliers | 440/4 | €257 | €531 | +€275 | +107.0% |
| Taxes, remuneration and social security | 45 | €35,491 | €25,921 | -€9,570 | -27.0% |
| Taxes | 450/3 | €33,749 | €25,921 | -€7,828 | -23.2% |
| Remuneration and social security | 454/9 | €1,742 | - | -€1,742 | |
| Other amounts payable | 47/48 | €50,288 | €50,288 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,425 | €3,797 | +€373 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,091 | €10,187 | -€4,904 | -32.5% |
| Other operating charges | 640/8 | €31 | €141 | +€110 | +357.2% |
| Gross operating margin | 9900 | €307,489 | €336,186 | +€28,697 | +9.3% |
| Operating profit (loss) | 9901 | €292,367 | €325,858 | +€33,491 | +11.5% |
| Financial income | 75/76B | €706 | €10,007 | +€9,301 | +1317.9% |
| Recurring financial income | 75 | €706 | €10,007 | +€9,301 | +1317.9% |
| Financial charges | 65/66B | €4,436 | €4,523 | +€88 | +2.0% |
| Recurring financial charges | 65 | €4,436 | €4,523 | +€88 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €288,637 | €331,341 | +€42,704 | +14.8% |
| Income taxes | 67/77 | €67,489 | €78,130 | +€10,641 | +15.8% |
| Profit (loss) for the period | 9904 | €221,148 | €253,211 | +€32,063 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €221,148 | €253,211 | +€32,063 | +14.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.