Fredography: 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.
Fredography
Largest movements
- Tangible fixed assets -€2,845
down €2,845 (-58.1%), from €4,895 to €2,051
- Cash -€1,368
down €1,368 (-7.5%), from €18,323 to €16,955
mainly Tax, wage and social debts (-€4,856) and Receivables within one year (-€1,095)
- Receivables within one year +€1,095
up €1,095 (+23.1%), from €4,743 to €5,838
- Tax, wage and social debts -€4,856
down €4,856 (-56.9%), from €8,531 to €3,675
of which Remuneration and social security: -€4,995
- Profit (loss) carried forward +€3,408
up €3,408 (+81.0%), from -€4,209 to -€801
- Trade debts -€1,058
down €1,058 (-65.0%), from €1,628 to €569
- Other debts -€598
down €598 (-16.7%), from €3,587 to €2,989
- Turnover +€3,262
up €3,262 (+6.6%), from €49,228 to €52,490
- Gross operating margin +€3,145
up €3,145 (+65.6%), from €4,795 to €7,940
- Purchases and services +€1,958
up €1,958 (+4.5%), from €43,905 to €45,862
- Taxes +€1,170
up €1,170 (+2238.6%), from €52 to €1,222
- Depreciation -€1,048
down €1,048 (-26.9%), from €3,892 to €2,845
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 | €28,461 | €25,356 | -€3,105 | -10.9% |
| Fixed assets | 21/28 | €5,395 | €2,551 | -€2,845 | -52.7% |
| Tangible fixed assets | 22/27 | €4,895 | €2,051 | -€2,845 | -58.1% |
| Plant, machinery and equipment | 23 | €4,895 | €2,051 | -€2,845 | -58.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €23,066 | €22,806 | -€260 | -1.1% |
| Amounts receivable within one year | 40/41 | €4,743 | €5,838 | +€1,095 | +23.1% |
| Trade receivables | 40 | €4,743 | €5,838 | +€1,095 | +23.1% |
| Cash at bank and in hand | 54/58 | €18,323 | €16,955 | -€1,368 | -7.5% |
| Deferred charges and accrued income | 490/1 | - | €13 | +€13 | |
| Total equity and liabilities | 10/49 | €28,461 | €25,356 | -€3,105 | -10.9% |
| Equity | 10/15 | €14,715 | €18,123 | +€3,408 | +23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €324 | €324 | = | 0.0% |
| Distributable reserves | 133 | €324 | €324 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,209 | -€801 | +€3,408 | +81.0% |
| Amounts payable | 17/49 | €13,746 | €7,233 | -€6,513 | -47.4% |
| Amounts payable within one year | 42/48 | €13,746 | €7,233 | -€6,513 | -47.4% |
| Trade debts | 44 | €1,628 | €569 | -€1,058 | -65.0% |
| Suppliers | 440/4 | €1,628 | €569 | -€1,058 | -65.0% |
| Taxes, remuneration and social security | 45 | €8,531 | €3,675 | -€4,856 | -56.9% |
| Taxes | 450/3 | €3,045 | €3,184 | +€139 | +4.6% |
| Remuneration and social security | 454/9 | €5,486 | €491 | -€4,995 | -91.0% |
| Other amounts payable | 47/48 | €3,587 | €2,989 | -€598 | -16.7% |
| Turnover | 70 | €49,228 | €52,490 | +€3,262 | +6.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €43,905 | €45,862 | +€1,958 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,892 | €2,845 | -€1,048 | -26.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €4,795 | €7,940 | +€3,145 | +65.6% |
| Operating profit (loss) | 9901 | €397 | €4,576 | +€4,179 | +1051.7% |
| Financial income | 75/76B | €50 | €194 | +€143 | +286.0% |
| Recurring financial income | 75 | €50 | €194 | +€143 | +286.0% |
| Financial charges | 65/66B | €164 | €139 | -€24 | -14.7% |
| Recurring financial charges | 65 | €164 | €139 | -€24 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €284 | €4,630 | +€4,346 | +1531.2% |
| Income taxes | 67/77 | €52 | €1,222 | +€1,170 | +2238.6% |
| Profit (loss) for the period | 9904 | €232 | €3,408 | +€3,176 | +1371.5% |
| Profit (loss) for the period to be appropriated | 9905 | €232 | €3,408 | +€3,176 | +1371.5% |
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 11 October 2026 via checked.be.