DE FRIES: 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.
DE FRIES
Largest movements
- Current investments +€16,519
up €16,519 (+16.5%), from €100,080 to €116,599
- Cash -€8,255
down €8,255 (-53.0%), from €15,571 to €7,316
mainly Current investments (-€16,519) and Deferred charges and accrued income (-€1,442)
- Receivables within one year -€6,168
down €6,168 (-13.4%), from €45,982 to €39,814
of which Other amounts receivable: -€6,449
- Tangible fixed assets -€3,337
down €3,337 (-3.4%), from €97,533 to €94,196
of which Land and buildings: -€3,251
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€2,362
down €2,362 (-42.9%), from €5,504 to €3,141
- Other operating charges -€300
down €300 (-15.9%), from €1,882 to €1,583
- Financial income +€131
up €131 (+14.8%), from €889 to €1,020
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 | €265,653 | €265,854 | +€201 | +0.1% |
| Fixed assets | 21/28 | €104,020 | €100,683 | -€3,337 | -3.2% |
| Intangible fixed assets | 21 | €6,487 | €6,487 | = | 0.0% |
| Tangible fixed assets | 22/27 | €97,533 | €94,196 | -€3,337 | -3.4% |
| Land and buildings | 22 | €66,076 | €62,825 | -€3,251 | -4.9% |
| Plant, machinery and equipment | 23 | €29,259 | €29,259 | = | 0.0% |
| Furniture and vehicles | 24 | €2,198 | €2,112 | -€86 | -3.9% |
| Current assets | 29/58 | €161,633 | €165,171 | +€3,538 | +2.2% |
| Amounts receivable within one year | 40/41 | €45,982 | €39,814 | -€6,168 | -13.4% |
| Trade receivables | 40 | €300 | €582 | +€282 | +93.9% |
| Other amounts receivable | 41 | €45,682 | €39,233 | -€6,449 | -14.1% |
| Current investments | 50/53 | €100,080 | €116,599 | +€16,519 | +16.5% |
| Cash at bank and in hand | 54/58 | €15,571 | €7,316 | -€8,255 | -53.0% |
| Deferred charges and accrued income | 490/1 | - | €1,442 | +€1,442 | |
| Total equity and liabilities | 10/49 | €265,653 | €265,854 | +€201 | +0.1% |
| Equity | 10/15 | €261,434 | €260,561 | -€873 | -0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €188,723 | €188,723 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €182,523 | €182,523 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,711 | €9,838 | -€873 | -8.2% |
| Amounts payable | 17/49 | €4,218 | €5,293 | +€1,074 | +25.5% |
| Amounts payable after more than one year | 17 | - | €1,200 | +€1,200 | |
| Other amounts payable | 178/9 | - | €1,200 | +€1,200 | |
| Amounts payable within one year | 42/48 | €4,218 | €3,913 | -€306 | -7.2% |
| Trade debts | 44 | €407 | - | -€407 | |
| Suppliers | 440/4 | €407 | - | -€407 | |
| Taxes, remuneration and social security | 45 | €3,812 | €3,913 | +€101 | +2.6% |
| Taxes | 450/3 | €3,812 | €3,913 | +€101 | +2.6% |
| Accrued charges and deferred income | 492/3 | - | €180 | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,337 | €3,337 | = | 0.0% |
| Other operating charges | 640/8 | €1,882 | €1,583 | -€300 | -15.9% |
| Gross operating margin | 9900 | €5,504 | €3,141 | -€2,362 | -42.9% |
| Operating profit (loss) | 9901 | €284 | -€1,778 | -€2,063 | |
| Financial income | 75/76B | €889 | €1,020 | +€131 | +14.8% |
| Recurring financial income | 75 | €889 | €1,020 | +€131 | +14.8% |
| Financial charges | 65/66B | €74 | €115 | +€42 | +56.9% |
| Recurring financial charges | 65 | €74 | €115 | +€42 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €1,100 | -€873 | -€1,973 | |
| Profit (loss) for the period | 9904 | €1,100 | -€873 | -€1,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,100 | -€873 | -€1,973 |
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 16 October 2026 via checked.be.