RICK FREMAU: 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.
RICK FREMAU
Largest movements
- Cash +€24,148
up €24,148 (+192%), from €12,546 to €36,694
mainly Net result for the year (+€27,206) and Trade debts (+€8,000)
- Tangible fixed assets +€12,045
up €12,045 (+300%), from €4,011 to €16,056
- Receivables within one year +€5,058
new in 2025: €5,058
- Profit (loss) carried forward +€26,373
up €26,373 (+427%), from €6,179 to €32,553
- Trade debts +€8,000
new in 2025: €8,000
- Tax, wage and social debts +€6,183
up €6,183 (+107%), from €5,768 to €11,951
- Other debts +€955
up €955 (+59.3%), from €1,610 to €2,565
- Gross operating margin +€32,493
up €32,493 (+356%), from €9,133 to €41,626
- Taxes +€5,910
up €5,910 (+329%), from €1,798 to €7,708
- Depreciation +€5,676
up €5,676 (+2,033%), from €279 to €5,955
- Other operating charges +€697
new in 2025: €697
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 | €16,557 | €58,069 | +€41,511 | +251% |
| Fixed assets | 21/28 | €4,011 | €16,056 | +€12,045 | +300% |
| Tangible fixed assets | 22/27 | €4,011 | €16,056 | +€12,045 | +300% |
| Furniture and vehicles | 24 | €4,011 | €16,056 | +€12,045 | +300% |
| Current assets | 29/58 | €12,546 | €42,012 | +€29,466 | +235% |
| Amounts receivable within one year | 40/41 | - | €5,058 | +€5,058 | |
| Trade receivables | 40 | - | €5,058 | +€5,058 | |
| Cash at bank and in hand | 54/58 | €12,546 | €36,694 | +€24,148 | +192% |
| Deferred charges and accrued income | 490/1 | - | €260 | +€260 | |
| Total equity and liabilities | 10/49 | €16,557 | €58,069 | +€41,511 | +251% |
| Equity | 10/15 | €9,179 | €35,553 | +€26,373 | +287% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,179 | €32,553 | +€26,373 | +427% |
| Amounts payable | 17/49 | €7,378 | €22,516 | +€15,138 | +205% |
| Amounts payable within one year | 42/48 | €7,378 | €22,516 | +€15,138 | +205% |
| Trade debts | 44 | - | €8,000 | +€8,000 | |
| Suppliers | 440/4 | - | €8,000 | +€8,000 | |
| Taxes, remuneration and social security | 45 | €5,768 | €11,951 | +€6,183 | +107% |
| Taxes | 450/3 | €5,768 | €11,951 | +€6,183 | +107% |
| Other amounts payable | 47/48 | €1,610 | €2,565 | +€955 | +59.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279 | €5,955 | +€5,676 | +2,033% |
| Other operating charges | 640/8 | - | €697 | +€697 | |
| Gross operating margin | 9900 | €9,133 | €41,626 | +€32,493 | +356% |
| Operating profit (loss) | 9901 | €8,854 | €34,975 | +€26,121 | +295% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €44 | €60 | +€16 | +37.4% |
| Recurring financial charges | 65 | €44 | €60 | +€16 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €8,811 | €34,914 | +€26,104 | +296% |
| Income taxes | 67/77 | €1,798 | €7,708 | +€5,910 | +329% |
| Profit (loss) for the period | 9904 | €7,012 | €27,206 | +€20,194 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €7,012 | €27,206 | +€20,194 | +288% |
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 24 October 2026 via checked.be.