DE FRITHOEK: what changed
Two fiscal 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 FRITHOEK
Largest movements
- Cash +€25,341
up €25,341 (+17.6%), from €143,650 to €168,991
mainly Net result for the year (+€30,711) and Depreciation (+€12,411)
- Tangible fixed assets -€5,578
down €5,578 (-7.6%), from €73,417 to €67,839
of which Other tangible fixed assets: -€5,570
- Reserves +€30,711
up €30,711 (+18.1%), from €169,514 to €200,225
- Debts after one year -€10,830
down €10,830 (-31.9%), from €33,909 to €23,079
- Depreciation +€3,697
up €3,697 (+42.4%), from €8,714 to €12,411
- Gross operating margin +€2,908
up €2,908 (+5.0%), from €58,450 to €61,358
- Financial income -€692
down €692 (-27.4%), from €2,527 to €1,836
- Financial charges -€638
down €638 (-18.2%), from €3,502 to €2,864
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.
Cash bridge derived
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 | €239,150 | €256,826 | +€17,676 | +7.4% |
| Fixed assets | 21/28 | €73,417 | €67,839 | -€5,578 | -7.6% |
| Tangible fixed assets | 22/27 | €73,417 | €67,839 | -€5,578 | -7.6% |
| Plant, machinery and equipment | 23 | €4,764 | €2,286 | -€2,478 | -52.0% |
| Furniture and vehicles | 24 | - | €2,471 | +€2,471 | |
| Other tangible fixed assets | 26 | €68,653 | €63,083 | -€5,570 | -8.1% |
| Current assets | 29/58 | €165,733 | €188,987 | +€23,254 | +14.0% |
| Stocks and contracts in progress | 3 | €7,323 | €5,437 | -€1,885 | -25.7% |
| Stocks | 30/36 | €7,323 | €5,437 | -€1,885 | -25.7% |
| Amounts receivable within one year | 40/41 | €13,819 | €14,164 | +€345 | +2.5% |
| Trade receivables | 40 | €3,070 | €994 | -€2,076 | -67.6% |
| Other amounts receivable | 41 | €10,749 | €13,170 | +€2,421 | +22.5% |
| Cash at bank and in hand | 54/58 | €143,650 | €168,991 | +€25,341 | +17.6% |
| Deferred charges and accrued income | 490/1 | €941 | €394 | -€547 | -58.1% |
| Total equity and liabilities | 10/49 | €239,150 | €256,826 | +€17,676 | +7.4% |
| Equity | 10/15 | €180,274 | €210,985 | +€30,711 | +17.0% |
| Contributions | 10/11 | €10,760 | €10,760 | = | 0.0% |
| Reserves | 13 | €169,514 | €200,225 | +€30,711 | +18.1% |
| Distributable reserves | 133 | €169,514 | €200,225 | +€30,711 | +18.1% |
| Amounts payable | 17/49 | €58,876 | €45,841 | -€13,035 | -22.1% |
| Amounts payable after more than one year | 17 | €33,909 | €23,079 | -€10,830 | -31.9% |
| Financial debts | 170/4 | €33,909 | €23,079 | -€10,830 | -31.9% |
| Amounts payable within one year | 42/48 | €20,766 | €19,861 | -€905 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €17,274 | €17,204 | -€70 | -0.4% |
| Trade debts | 44 | €1,448 | €2,651 | +€1,203 | +83.1% |
| Suppliers | 440/4 | €1,448 | €2,651 | +€1,203 | +83.1% |
| Taxes, remuneration and social security | 45 | €326 | €6 | -€320 | -98.1% |
| Taxes | 450/3 | €326 | €6 | -€320 | -98.1% |
| Other amounts payable | 47/48 | €1,717 | - | -€1,717 | |
| Accrued charges and deferred income | 492/3 | €4,200 | €2,901 | -€1,300 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,714 | €12,411 | +€3,697 | +42.4% |
| Other operating charges | 640/8 | €1,969 | €2,101 | +€132 | +6.7% |
| Gross operating margin | 9900 | €58,450 | €61,358 | +€2,908 | +5.0% |
| Operating profit (loss) | 9901 | €47,768 | €46,846 | -€922 | -1.9% |
| Financial income | 75/76B | €2,527 | €1,836 | -€692 | -27.4% |
| Recurring financial income | 75 | €2,527 | €1,836 | -€692 | -27.4% |
| Financial charges | 65/66B | €3,502 | €2,864 | -€638 | -18.2% |
| Recurring financial charges | 65 | €3,502 | €2,864 | -€638 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €46,793 | €45,817 | -€976 | -2.1% |
| Income taxes | 67/77 | €14,601 | €15,106 | +€505 | +3.5% |
| Profit (loss) for the period | 9904 | €32,192 | €30,711 | -€1,480 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,192 | €30,711 | -€1,480 | -4.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.