FREEK DEMETS: 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.
FREEK DEMETS
Largest movements
- Tangible fixed assets -€12,717
down €12,717 (-25.9%), from €49,011 to €36,294
of which Furniture and vehicles: -€12,272
- Stocks and contracts -€4,306
down €4,306 (-42.1%), from €10,231 to €5,925
of which Contracts in progress: -€3,000
- Cash +€3,080
up €3,080 (+35.0%), from €8,806 to €11,886
mainly Depreciation (+€12,717) and Stocks and contracts (+€4,306)
- Receivables within one year -€2,899
down €2,899 (-38.9%), from €7,447 to €4,549
of which Trade receivables: -€2,416
- Other debts -€11,635
down €11,635 (-37.8%), from €30,777 to €19,142
- Reserves -€2,400
down €2,400 (-11.2%), from €21,360 to €18,960
- Accrued charges and deferred income -€2,110
down €2,110 (-55.4%), from €3,811 to €1,700
- Trade debts -€1,501
down €1,501 (-81.1%), from €1,852 to €351
- Profit (loss) carried forward +€805
up €805, from -€805 to €0
- Financial charges -€1,263
down €1,263 (-40.2%), from €3,138 to €1,875
- Gross operating margin -€848
down €848 (-5.9%), from €14,441 to €13,593
- Other operating charges -€189
down €189 (-27.3%), from €693 to €503
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 | €75,596 | €58,753 | -€16,842 | -22.3% |
| Fixed assets | 21/28 | €49,111 | €36,394 | -€12,717 | -25.9% |
| Tangible fixed assets | 22/27 | €49,011 | €36,294 | -€12,717 | -25.9% |
| Plant, machinery and equipment | 23 | €365 | €236 | -€129 | -35.4% |
| Furniture and vehicles | 24 | €47,445 | €35,173 | -€12,272 | -25.9% |
| Other tangible fixed assets | 26 | €1,202 | €885 | -€316 | -26.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €26,484 | €22,359 | -€4,125 | -15.6% |
| Stocks and contracts in progress | 3 | €10,231 | €5,925 | -€4,306 | -42.1% |
| Stocks | 30/36 | €4,231 | €2,925 | -€1,306 | -30.9% |
| Contracts in progress | 37 | €6,000 | €3,000 | -€3,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €7,447 | €4,549 | -€2,899 | -38.9% |
| Trade receivables | 40 | €6,413 | €3,997 | -€2,416 | -37.7% |
| Other amounts receivable | 41 | €1,034 | €551 | -€483 | -46.7% |
| Cash at bank and in hand | 54/58 | €8,806 | €11,886 | +€3,080 | +35.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €75,596 | €58,753 | -€16,842 | -22.3% |
| Equity | 10/15 | €39,155 | €37,560 | -€1,596 | -4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,360 | €18,960 | -€2,400 | -11.2% |
| Distributable reserves | 133 | €21,360 | €18,960 | -€2,400 | -11.2% |
| Profit (loss) carried forward | 14 | -€805 | €0 | +€805 | |
| Amounts payable | 17/49 | €36,440 | €21,193 | -€15,247 | -41.8% |
| Amounts payable within one year | 42/48 | €32,630 | €19,493 | -€13,136 | -40.3% |
| Trade debts | 44 | €1,852 | €351 | -€1,501 | -81.1% |
| Suppliers | 440/4 | €1,852 | €351 | -€1,501 | -81.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,777 | €19,142 | -€11,635 | -37.8% |
| Accrued charges and deferred income | 492/3 | €3,811 | €1,700 | -€2,110 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,771 | €12,717 | -€54 | -0.4% |
| Other operating charges | 640/8 | €693 | €503 | -€189 | -27.3% |
| Gross operating margin | 9900 | €14,441 | €13,593 | -€848 | -5.9% |
| Operating profit (loss) | 9901 | €978 | €373 | -€605 | -61.9% |
| Financial income | 75/76B | €1 | €38 | +€37 | +3,118% |
| Recurring financial income | 75 | €1 | €38 | +€37 | +3,118% |
| Financial charges | 65/66B | €3,138 | €1,875 | -€1,263 | -40.2% |
| Recurring financial charges | 65 | €3,138 | €1,875 | -€1,263 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,159 | -€1,464 | +€695 | +32.2% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€2,287 | -€1,596 | +€691 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,287 | -€1,596 | +€691 | +30.2% |
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 18 October 2026 via checked.be.