Le Freddie: 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.
Le Freddie
Largest movements
- Receivables within one year +€13,324
up €13,324 (+859%), from €1,551 to €14,875
of which Other amounts receivable: +€7,027
- Financial fixed assets -€7,500
no longer reported in 2025 (was €7,500)
- Cash -€885
down €885 (-24.7%), from €3,587 to €2,702
mainly Receivables within one year (-€13,324) and Other debts (-€7,529)
- Profit (loss) carried forward +€9,535
up €9,535 (+56.2%), from -€16,952 to -€7,417
- Other debts -€7,529
no longer reported in 2025 (was €7,529)
- Tax, wage and social debts +€2,567
new in 2025: €2,567
- Accrued charges and deferred income +€982
new in 2025: €982
- Trade debts -€617
down €617 (-48.3%), from €1,279 to €662
- Gross operating margin +€12,466
up €12,466, from -€2,410 to €10,056
- Other operating charges -€1,336
down €1,336 (-72.0%), from €1,856 to €520
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 | €12,639 | €17,577 | +€4,939 | +39.1% |
| Fixed assets | 21/28 | €7,500 | - | -€7,500 | |
| Financial fixed assets | 28 | €7,500 | - | -€7,500 | |
| Current assets | 29/58 | €5,139 | €17,577 | +€12,439 | +242% |
| Amounts receivable within one year | 40/41 | €1,551 | €14,875 | +€13,324 | +859% |
| Trade receivables | 40 | €600 | €6,897 | +€6,297 | +1,050% |
| Other amounts receivable | 41 | €951 | €7,978 | +€7,027 | +739% |
| Cash at bank and in hand | 54/58 | €3,587 | €2,702 | -€885 | -24.7% |
| Total equity and liabilities | 10/49 | €12,639 | €17,577 | +€4,939 | +39.1% |
| Equity | 10/15 | €3,831 | €13,366 | +€9,535 | +249% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €783 | €783 | = | 0.0% |
| Distributable reserves | 133 | €783 | €783 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,952 | -€7,417 | +€9,535 | +56.2% |
| Amounts payable | 17/49 | €8,808 | €4,211 | -€4,597 | -52.2% |
| Amounts payable within one year | 42/48 | €8,808 | €3,229 | -€5,579 | -63.3% |
| Trade debts | 44 | €1,279 | €662 | -€617 | -48.3% |
| Suppliers | 440/4 | €1,279 | €662 | -€617 | -48.3% |
| Taxes, remuneration and social security | 45 | - | €2,567 | +€2,567 | |
| Taxes | 450/3 | - | €2,567 | +€2,567 | |
| Other amounts payable | 47/48 | €7,529 | - | -€7,529 | |
| Accrued charges and deferred income | 492/3 | - | €982 | +€982 | |
| Other operating charges | 640/8 | €1,856 | €520 | -€1,336 | -72.0% |
| Gross operating margin | 9900 | -€2,410 | €10,056 | +€12,466 | |
| Operating profit (loss) | 9901 | -€4,265 | €9,537 | +€13,802 | |
| Financial income | 75/76B | €73 | €71 | -€2 | -2.9% |
| Recurring financial income | 75 | €73 | €71 | -€2 | -2.9% |
| Financial charges | 65/66B | €101 | €72 | -€28 | -28.2% |
| Recurring financial charges | 65 | €101 | €72 | -€28 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,293 | €9,535 | +€13,828 | |
| Profit (loss) for the period | 9904 | -€4,293 | €9,535 | +€13,828 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,293 | €9,535 | +€13,828 |
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 21 October 2026 via checked.be.