FREXDEL: 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.
FREXDEL
Largest movements
- Cash +€1,054
up €1,054 (+131.7%), from €801 to €1,855
mainly Other debts (+€2,093) and Depreciation (+€974)
- Formation expenses -€974
no longer reported in 2025 (was €974)
- Receivables within one year +€511
up €511 (+188.0%), from €272 to €783
of which Other amounts receivable: +€506
- Other debts +€2,093
up €2,093 (+43.4%), from €4,820 to €6,913
- Profit (loss) carried forward -€965
down €965, from €162 to -€803
- Trade debts -€481
down €481 (-47.6%), from €1,010 to €529
- Purchases and services +€5,360
up €5,360 (+476.7%), from €1,124 to €6,484
- Depreciation +€974
new in 2025: €974
- Gross operating margin -€191
down €191 (-76.6%), from €250 to €58
- Taxes -€49
down €49 (-91.0%), from €54 to €5
- Financial charges +€11
up €11 (+33.3%), from €34 to €45
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 | €11,046 | €11,638 | +€592 | +5.4% |
| Formation expenses | 20 | €974 | - | -€974 | |
| Fixed assets | 21/28 | €9,000 | €9,000 | = | 0.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €1,073 | €2,638 | +€1,566 | +146.0% |
| Amounts receivable within one year | 40/41 | €272 | €783 | +€511 | +188.0% |
| Trade receivables | 40 | €121 | €126 | +€5 | +4.3% |
| Other amounts receivable | 41 | €151 | €657 | +€506 | +335.3% |
| Cash at bank and in hand | 54/58 | €801 | €1,855 | +€1,054 | +131.7% |
| Total equity and liabilities | 10/49 | €11,046 | €11,638 | +€592 | +5.4% |
| Equity | 10/15 | €5,162 | €4,197 | -€965 | -18.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162 | -€803 | -€965 | |
| Amounts payable | 17/49 | €5,884 | €7,442 | +€1,557 | +26.5% |
| Amounts payable within one year | 42/48 | €5,884 | €7,442 | +€1,557 | +26.5% |
| Trade debts | 44 | €1,010 | €529 | -€481 | -47.6% |
| Suppliers | 440/4 | €1,010 | €529 | -€481 | -47.6% |
| Taxes, remuneration and social security | 45 | €54 | - | -€54 | |
| Taxes | 450/3 | €54 | - | -€54 | |
| Other amounts payable | 47/48 | €4,820 | €6,913 | +€2,093 | +43.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,124 | €6,484 | +€5,360 | +476.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €974 | +€974 | |
| Gross operating margin | 9900 | €250 | €58 | -€191 | -76.6% |
| Operating profit (loss) | 9901 | €250 | -€915 | -€1,165 | |
| Financial charges | 65/66B | €34 | €45 | +€11 | +33.3% |
| Recurring financial charges | 65 | €34 | €45 | +€11 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €216 | -€960 | -€1,176 | |
| Income taxes | 67/77 | €54 | €5 | -€49 | -91.0% |
| Profit (loss) for the period | 9904 | €162 | -€965 | -€1,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €162 | -€965 | -€1,127 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.