fredos: 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.
fredos
Largest movements
- Intangible fixed assets -€14,260
no longer reported in 2024 (was €14,260)
- Cash +€4,027
up €4,027 (+58.2%), from €6,920 to €10,947
mainly Depreciation (+€19,049) and Net result for the year (+€17,431)
- Current investments +€4,000
up €4,000 (+50.0%), from €8,000 to €12,000
- Tangible fixed assets -€3,644
down €3,644 (-15.0%), from €24,286 to €20,643
of which Furniture and vehicles: -€2,321
- Receivables within one year +€1,446
new in 2024: €1,446
of which Other amounts receivable: +€1,134
- Reserves +€15,000
up €15,000 (+138.1%), from €10,860 to €25,860
- Current portion of long-term debt -€8,692
down €8,692 (-57.7%), from €15,061 to €6,368
- Trade debts -€7,353
down €7,353 (-57.7%), from €12,752 to €5,399
- Debts after one year -€6,368
no longer reported in 2024 (was €6,368)
- Accrued charges and deferred income -€3,004
no longer reported in 2024 (was €3,004)
- Gross operating margin +€32,841
up €32,841 (+376.7%), from €8,717 to €41,558
- Taxes +€1,500
new in 2024: €1,500
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,363 | €55,860 | -€7,502 | -11.8% |
| Fixed assets | 21/28 | €46,240 | €28,337 | -€17,904 | -38.7% |
| Intangible fixed assets | 21 | €14,260 | - | -€14,260 | |
| Tangible fixed assets | 22/27 | €24,286 | €20,643 | -€3,644 | -15.0% |
| Furniture and vehicles | 24 | €6,735 | €4,414 | -€2,321 | -34.5% |
| Other tangible fixed assets | 26 | €17,551 | €16,228 | -€1,323 | -7.5% |
| Financial fixed assets | 28 | €7,694 | €7,694 | = | 0.0% |
| Current assets | 29/58 | €17,122 | €27,524 | +€10,402 | +60.7% |
| Stocks and contracts in progress | 3 | €1,845 | €3,130 | +€1,285 | +69.6% |
| Stocks | 30/36 | €1,845 | €3,130 | +€1,285 | +69.6% |
| Amounts receivable within one year | 40/41 | - | €1,446 | +€1,446 | |
| Trade receivables | 40 | - | €313 | +€313 | |
| Other amounts receivable | 41 | - | €1,134 | +€1,134 | |
| Current investments | 50/53 | €8,000 | €12,000 | +€4,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €6,920 | €10,947 | +€4,027 | +58.2% |
| Deferred charges and accrued income | 490/1 | €357 | - | -€357 | |
| Total equity and liabilities | 10/49 | €63,363 | €55,860 | -€7,502 | -11.8% |
| Equity | 10/15 | €18,692 | €36,123 | +€17,431 | +93.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,860 | €25,860 | +€15,000 | +138.1% |
| Distributable reserves | 133 | €10,860 | €25,860 | +€15,000 | +138.1% |
| Profit (loss) carried forward | 14 | -€10,768 | -€8,337 | +€2,431 | +22.6% |
| Amounts payable | 17/49 | €44,670 | €19,738 | -€24,933 | -55.8% |
| Amounts payable after more than one year | 17 | €6,368 | - | -€6,368 | |
| Financial debts | 170/4 | €6,368 | - | -€6,368 | |
| Amounts payable within one year | 42/48 | €35,298 | €19,738 | -€15,561 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €15,061 | €6,368 | -€8,692 | -57.7% |
| Trade debts | 44 | €12,752 | €5,399 | -€7,353 | -57.7% |
| Suppliers | 440/4 | €12,752 | €5,399 | -€7,353 | -57.7% |
| Taxes, remuneration and social security | 45 | €7,486 | €7,971 | +€485 | +6.5% |
| Taxes | 450/3 | €7,486 | €7,971 | +€485 | +6.5% |
| Accrued charges and deferred income | 492/3 | €3,004 | - | -€3,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,008 | €19,049 | +€41 | +0.2% |
| Other operating charges | 640/8 | €1,062 | €1,105 | +€43 | +4.0% |
| Gross operating margin | 9900 | €8,717 | €41,558 | +€32,841 | +376.7% |
| Operating profit (loss) | 9901 | -€11,353 | €21,404 | +€32,757 | |
| Financial charges | 65/66B | €2,260 | €2,474 | +€214 | +9.5% |
| Recurring financial charges | 65 | €2,260 | €2,474 | +€214 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,613 | €18,931 | +€32,543 | |
| Income taxes | 67/77 | - | €1,500 | +€1,500 | |
| Profit (loss) for the period | 9904 | -€13,613 | €17,431 | +€31,043 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,613 | €17,431 | +€31,043 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.