FREDEN: 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.
FREDEN
Largest movements
- Current investments +€57,000
new in 2025: €57,000
- Receivables within one year -€9,889
down €9,889 (-32.4%), from €30,547 to €20,658
of which Trade receivables: -€15,762
- Tangible fixed assets -€5,635
down €5,635 (-23.9%), from €23,583 to €17,949
of which Furniture and vehicles: -€5,426
- Reserves +€60,642
up €60,642 (+86.0%), from €70,546 to €131,187
- Trade debts -€15,398
down €15,398 (-98.8%), from €15,581 to €183
- Tax, wage and social debts -€2,818
down €2,818 (-25.1%), from €11,227 to €8,408
of which Remuneration and social security: -€3,000
- Gross operating margin +€2,640
up €2,640 (+3.1%), from €85,200 to €87,840
- Taxes +€2,037
up €2,037 (+10.9%), from €18,708 to €20,745
- Other operating charges -€1,059
down €1,059 (-44.2%), from €2,396 to €1,336
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 | €99,353 | €141,778 | +€42,425 | +42.7% |
| Fixed assets | 21/28 | €23,583 | €18,249 | -€5,335 | -22.6% |
| Tangible fixed assets | 22/27 | €23,583 | €17,949 | -€5,635 | -23.9% |
| Land and buildings | 22 | €2,072 | €1,863 | -€209 | -10.1% |
| Furniture and vehicles | 24 | €21,511 | €16,086 | -€5,426 | -25.2% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €75,770 | €123,530 | +€47,759 | +63.0% |
| Amounts receivable within one year | 40/41 | €30,547 | €20,658 | -€9,889 | -32.4% |
| Trade receivables | 40 | €30,426 | €14,664 | -€15,762 | -51.8% |
| Other amounts receivable | 41 | €121 | €5,994 | +€5,873 | +4,860% |
| Current investments | 50/53 | - | €57,000 | +€57,000 | |
| Cash at bank and in hand | 54/58 | €44,977 | €45,804 | +€827 | +1.8% |
| Deferred charges and accrued income | 490/1 | €247 | €68 | -€179 | -72.4% |
| Total equity and liabilities | 10/49 | €99,353 | €141,778 | +€42,425 | +42.7% |
| Equity | 10/15 | €72,546 | €133,187 | +€60,642 | +83.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €70,546 | €131,187 | +€60,642 | +86.0% |
| Distributable reserves | 133 | €70,546 | €131,187 | +€60,642 | +86.0% |
| Amounts payable | 17/49 | €26,808 | €8,591 | -€18,217 | -68.0% |
| Amounts payable within one year | 42/48 | €26,808 | €8,591 | -€18,217 | -68.0% |
| Trade debts | 44 | €15,581 | €183 | -€15,398 | -98.8% |
| Suppliers | 440/4 | €15,581 | €183 | -€15,398 | -98.8% |
| Taxes, remuneration and social security | 45 | €11,227 | €8,408 | -€2,818 | -25.1% |
| Taxes | 450/3 | €8,227 | €8,408 | +€182 | +2.2% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,382 | €5,635 | +€252 | +4.7% |
| Other operating charges | 640/8 | €2,396 | €1,336 | -€1,059 | -44.2% |
| Gross operating margin | 9900 | €85,200 | €87,840 | +€2,640 | +3.1% |
| Operating profit (loss) | 9901 | €77,422 | €80,869 | +€3,447 | +4.5% |
| Financial income | 75/76B | - | €556 | +€556 | |
| Recurring financial income | 75 | - | €556 | +€556 | |
| Financial charges | 65/66B | €102 | €39 | -€63 | -61.7% |
| Recurring financial charges | 65 | €102 | €39 | -€63 | -61.7% |
| Profit (loss) for the period before taxes | 9903 | €77,320 | €81,386 | +€4,067 | +5.3% |
| Income taxes | 67/77 | €18,708 | €20,745 | +€2,037 | +10.9% |
| Profit (loss) for the period | 9904 | €58,612 | €60,642 | +€2,030 | +3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,612 | €60,642 | +€2,030 | +3.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.