DE FRIETCHALET: 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 FRIETCHALET
Largest movements
- Tangible fixed assets +€34,588
up €34,588 (+18.1%), from €190,937 to €225,524
of which Plant, machinery and equipment: +€43,882
- Cash -€10,931
down €10,931 (-35.8%), from €30,538 to €19,607
mainly Investment in fixed assets (net) (-€52,059) and Other debts (-€14,481)
- Stocks and contracts +€7,277
up €7,277 (+275%), from €2,650 to €9,927
- Debts after one year +€27,609
up €27,609 (+21.7%), from €127,099 to €154,708
- Other debts -€14,481
down €14,481 (-59.4%), from €24,395 to €9,915
- Reserves +€11,073
up €11,073 (+77.7%), from €14,250 to €25,323
- Current portion of long-term debt +€8,154
up €8,154 (+28.0%), from €29,107 to €37,260
- Gross operating margin +€27,626
up €27,626 (+71.7%), from €38,521 to €66,147
- Other operating charges -€718
down €718 (-16.2%), from €4,442 to €3,724
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 | €226,361 | €259,637 | +€33,276 | +14.7% |
| Fixed assets | 21/28 | €190,937 | €225,524 | +€34,588 | +18.1% |
| Tangible fixed assets | 22/27 | €190,937 | €225,524 | +€34,588 | +18.1% |
| Land and buildings | 22 | €102,864 | €101,377 | -€1,486 | -1.4% |
| Plant, machinery and equipment | 23 | €58,230 | €102,111 | +€43,882 | +75.4% |
| Furniture and vehicles | 24 | €27,727 | €20,897 | -€6,830 | -24.6% |
| Leasing and similar rights | 25 | €2,117 | €1,139 | -€978 | -46.2% |
| Current assets | 29/58 | €35,424 | €34,112 | -€1,311 | -3.7% |
| Stocks and contracts in progress | 3 | €2,650 | €9,927 | +€7,277 | +275% |
| Stocks | 30/36 | €2,650 | €9,927 | +€7,277 | +275% |
| Amounts receivable within one year | 40/41 | €831 | €2,958 | +€2,127 | +256% |
| Other amounts receivable | 41 | €831 | €2,958 | +€2,127 | +256% |
| Cash at bank and in hand | 54/58 | €30,538 | €19,607 | -€10,931 | -35.8% |
| Deferred charges and accrued income | 490/1 | €1,404 | €1,620 | +€216 | +15.4% |
| Total equity and liabilities | 10/49 | €226,361 | €259,637 | +€33,276 | +14.7% |
| Equity | 10/15 | €26,700 | €37,773 | +€11,073 | +41.5% |
| Contributions | 10/11 | €12,450 | €12,450 | = | 0.0% |
| Reserves | 13 | €14,250 | €25,323 | +€11,073 | +77.7% |
| Distributable reserves | 133 | €14,250 | €25,323 | +€11,073 | +77.7% |
| Amounts payable | 17/49 | €199,660 | €221,864 | +€22,204 | +11.1% |
| Amounts payable after more than one year | 17 | €127,099 | €154,708 | +€27,609 | +21.7% |
| Financial debts | 170/4 | €127,099 | €154,708 | +€27,609 | +21.7% |
| Amounts payable within one year | 42/48 | €72,561 | €67,156 | -€5,405 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €29,107 | €37,260 | +€8,154 | +28.0% |
| Trade debts | 44 | €11,395 | €12,863 | +€1,468 | +12.9% |
| Suppliers | 440/4 | €11,395 | €12,863 | +€1,468 | +12.9% |
| Advances received on contracts in progress | 46 | €60 | €100 | +€40 | +66.7% |
| Taxes, remuneration and social security | 45 | €7,604 | €7,018 | -€586 | -7.7% |
| Taxes | 450/3 | €7,604 | €7,018 | -€586 | -7.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,395 | €9,915 | -€14,481 | -59.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€341 | €0 | +€341 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,902 | €17,471 | +€569 | +3.4% |
| Other operating charges | 640/8 | €4,442 | €3,724 | -€718 | -16.2% |
| Non-recurring operating charges | 66A | €278 | €24,196 | +€23,917 | +8,589% |
| Gross operating margin | 9900 | €38,521 | €66,147 | +€27,626 | +71.7% |
| Operating profit (loss) | 9901 | €17,239 | €20,756 | +€3,517 | +20.4% |
| Financial income | 75/76B | €0 | €0 | +€0 | +23.5% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +23.5% |
| Financial charges | 65/66B | €6,633 | €6,172 | -€461 | -7.0% |
| Recurring financial charges | 65 | €6,633 | €6,172 | -€461 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €10,606 | €14,584 | +€3,978 | +37.5% |
| Income taxes | 67/77 | €3,291 | €3,512 | +€221 | +6.7% |
| Profit (loss) for the period | 9904 | €7,315 | €11,073 | +€3,757 | +51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,315 | €11,073 | +€3,757 | +51.4% |
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 31 October 2026 via checked.be.