FREDRICKSON: what changed
What changed
FREDRICKSON
NACE 74.130, Interior design
filed annual accounts (NBB)
Net result for the year
€953
2024 · €6,656-€5,703
Equity
€88,994
2024 · €88,874+€120
Cash
€256,189
2024 · €57,615+€198,574
Balance sheet total
€613,090
2024 · €611,272+€1,818
Largest movements
Assets
- Cash +€198,574
up €198,574 (+345%), from €57,615 to €256,189
mainly Current investments (+€140,000) and Receivables within one year (+€30,558)
- Current investments -€140,000
no longer reported in 2025 (was €140,000)
- Receivables within one year -€30,558
down €30,558 (-61.1%), from €50,042 to €19,484
of which Trade receivables: -€22,820
- Tangible fixed assets -€26,223
down €26,223 (-7.2%), from €362,643 to €336,420
of which Furniture and vehicles: -€13,329
Equity and liabilities
- Tax, wage and social debts +€16,516
up €16,516 (+29.6%), from €55,758 to €72,273
of which Remuneration and social security: +€15,689
- Debts after one year -€16,222
down €16,222 (-4.1%), from €396,073 to €379,851
of which Financial debts: -€21,222
Income statement
- Staff costs +€52,755
up €52,755 (+71.5%), from €73,738 to €126,493
- Gross operating margin +€43,453
up €43,453 (+35.3%), from €122,925 to €166,378
- Taxes -€1,763
down €1,763 (-63.0%), from €2,798 to €1,035
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6,656
Gross operating margin
+€43,453
Staff costs
-€52,755
Depreciation
+€653
Other operating charges
-€20
Financial income
+€140
Financial charges
+€1,064
Taxes
+€1,763
Result 2025
€953
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€75,196
Investment
+€140,000
Financing
-€16,622
Cash 2024
€57,615
From operations (derived)
+€75,196
Net result for the year
+€953
Depreciation
+€26,223
Receivables within one year
+€30,558
Deferred charges and accrued income
-€25
Trade debts
+€3,647
Tax, wage and social debts
+€16,516
Other debts
-€2,135
Accrued charges and deferred income
-€540
Investment (derived)
+€140,000
Current investments
+€140,000
Financing
-€16,622
Debts after one year
-€16,222
Current portion of long-term debt
+€432
Contributions, distributions and other
-€833
Cash 2025
€256,189
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €611,272 | €613,090 | +€1,818 | +0.3% |
| Fixed assets | 21/28 | €362,643 | €336,420 | -€26,223 | -7.2% |
| Tangible fixed assets | 22/27 | €362,643 | €336,420 | -€26,223 | -7.2% |
| Land and buildings | 22 | €322,453 | €312,731 | -€9,722 | -3.0% |
| Plant, machinery and equipment | 23 | €8,807 | €5,635 | -€3,172 | -36.0% |
| Furniture and vehicles | 24 | €31,383 | €18,054 | -€13,329 | -42.5% |
| Current assets | 29/58 | €248,629 | €276,670 | +€28,041 | +11.3% |
| Amounts receivable within one year | 40/41 | €50,042 | €19,484 | -€30,558 | -61.1% |
| Trade receivables | 40 | €22,820 | - | -€22,820 | |
| Other amounts receivable | 41 | €27,222 | €19,484 | -€7,738 | -28.4% |
| Current investments | 50/53 | €140,000 | - | -€140,000 | |
| Cash at bank and in hand | 54/58 | €57,615 | €256,189 | +€198,574 | +345% |
| Deferred charges and accrued income | 490/1 | €971 | €996 | +€25 | +2.5% |
| Total equity and liabilities | 10/49 | €611,272 | €613,090 | +€1,818 | +0.3% |
| Equity | 10/15 | €88,874 | €88,994 | +€120 | +0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €68,874 | €68,994 | +€120 | +0.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €66,874 | €66,994 | +€120 | +0.2% |
| Amounts payable | 17/49 | €522,398 | €524,096 | +€1,698 | +0.3% |
| Amounts payable after more than one year | 17 | €396,073 | €379,851 | -€16,222 | -4.1% |
| Financial debts | 170/4 | €313,073 | €291,851 | -€21,222 | -6.8% |
| Other amounts payable | 178/9 | €83,000 | €88,000 | +€5,000 | +6.0% |
| Amounts payable within one year | 42/48 | €115,725 | €134,184 | +€18,460 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €20,789 | €21,222 | +€432 | +2.1% |
| Trade debts | 44 | €2,414 | €6,061 | +€3,647 | +151% |
| Suppliers | 440/4 | €2,414 | €6,061 | +€3,647 | +151% |
| Taxes, remuneration and social security | 45 | €55,758 | €72,273 | +€16,516 | +29.6% |
| Taxes | 450/3 | €19,596 | €20,422 | +€827 | +4.2% |
| Remuneration and social security | 454/9 | €36,162 | €51,851 | +€15,689 | +43.4% |
| Other amounts payable | 47/48 | €36,763 | €34,628 | -€2,135 | -5.8% |
| Accrued charges and deferred income | 492/3 | €10,601 | €10,061 | -€540 | -5.1% |
| Remuneration, social security and pensions | 62 | €73,738 | €126,493 | +€52,755 | +71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,875 | €26,223 | -€653 | -2.4% |
| Other operating charges | 640/8 | €694 | €713 | +€20 | +2.9% |
| Gross operating margin | 9900 | €122,925 | €166,378 | +€43,453 | +35.3% |
| Operating profit (loss) | 9901 | €21,618 | €12,949 | -€8,669 | -40.1% |
| Financial income | 75/76B | €1,769 | €1,909 | +€140 | +7.9% |
| Recurring financial income | 75 | €1,769 | €1,909 | +€140 | +7.9% |
| Financial charges | 65/66B | €13,934 | €12,870 | -€1,064 | -7.6% |
| Recurring financial charges | 65 | €13,934 | €12,870 | -€1,064 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €9,453 | €1,988 | -€7,465 | -79.0% |
| Income taxes | 67/77 | €2,798 | €1,035 | -€1,763 | -63.0% |
| Profit (loss) for the period | 9904 | €6,656 | €953 | -€5,703 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,656 | €953 | -€5,703 | -85.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.