Deborah 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.
Deborah Fries
Largest movements
- Cash +€42,298
up €42,298 (+191%), from €22,090 to €64,387
mainly Net result for the year (+€70,497) and Depreciation (+€38,295)
- Intangible fixed assets -€27,500
down €27,500 (-17.4%), from €158,068 to €130,568
- Receivables within one year -€11,014
down €11,014 (-25.4%), from €43,294 to €32,280
of which Trade receivables: -€28,935
- Tangible fixed assets -€10,795
down €10,795 (-53.3%), from €20,267 to €9,472
of which Furniture and vehicles: -€9,269
- Debts after one year -€33,944
down €33,944 (-73.0%), from €46,507 to €12,563
- Trade debts +€12,142
up €12,142 (+188%), from €6,462 to €18,604
- Profit (loss) carried forward +€9,521
new in 2025: €9,521
- Other debts +€5,993
up €5,993 (+8.6%), from €69,887 to €75,879
- Tax, wage and social debts -€3,838
down €3,838 (-10.2%), from €37,653 to €33,814
of which Taxes: -€2,300
- Taxes +€6,990
up €6,990 (+33.4%), from €20,930 to €27,920
- Gross operating margin -€4,612
down €4,612 (-2.1%), from €214,572 to €209,960
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 | €248,690 | €242,051 | -€6,639 | -2.7% |
| Fixed assets | 21/28 | €178,605 | €140,310 | -€38,295 | -21.4% |
| Intangible fixed assets | 21 | €158,068 | €130,568 | -€27,500 | -17.4% |
| Tangible fixed assets | 22/27 | €20,267 | €9,472 | -€10,795 | -53.3% |
| Plant, machinery and equipment | 23 | €5,755 | €4,229 | -€1,526 | -26.5% |
| Furniture and vehicles | 24 | €14,512 | €5,243 | -€9,269 | -63.9% |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €70,085 | €101,742 | +€31,656 | +45.2% |
| Amounts receivable within one year | 40/41 | €43,294 | €32,280 | -€11,014 | -25.4% |
| Trade receivables | 40 | €43,294 | €14,359 | -€28,935 | -66.8% |
| Other amounts receivable | 41 | - | €17,921 | +€17,921 | |
| Cash at bank and in hand | 54/58 | €22,090 | €64,387 | +€42,298 | +191% |
| Deferred charges and accrued income | 490/1 | €4,702 | €5,075 | +€372 | +7.9% |
| Total equity and liabilities | 10/49 | €248,690 | €242,051 | -€6,639 | -2.7% |
| Equity | 10/15 | €54,940 | €64,461 | +€9,521 | +17.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €51,940 | €51,940 | = | 0.0% |
| Distributable reserves | 133 | €51,940 | €51,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €9,521 | +€9,521 | |
| Amounts payable | 17/49 | €193,750 | €177,590 | -€16,160 | -8.3% |
| Amounts payable after more than one year | 17 | €46,507 | €12,563 | -€33,944 | -73.0% |
| Financial debts | 170/4 | €46,507 | €12,563 | -€33,944 | -73.0% |
| Amounts payable within one year | 42/48 | €147,243 | €162,242 | +€14,998 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €33,242 | €33,944 | +€702 | +2.1% |
| Trade debts | 44 | €6,462 | €18,604 | +€12,142 | +188% |
| Suppliers | 440/4 | €6,462 | €18,604 | +€12,142 | +188% |
| Taxes, remuneration and social security | 45 | €37,653 | €33,814 | -€3,838 | -10.2% |
| Taxes | 450/3 | €26,265 | €23,965 | -€2,300 | -8.8% |
| Remuneration and social security | 454/9 | €11,387 | €9,849 | -€1,538 | -13.5% |
| Other amounts payable | 47/48 | €69,887 | €75,879 | +€5,993 | +8.6% |
| Accrued charges and deferred income | 492/3 | - | €2,785 | +€2,785 | |
| Remuneration, social security and pensions | 62 | €67,821 | €68,068 | +€247 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,809 | €38,295 | -€514 | -1.3% |
| Other operating charges | 640/8 | €1,828 | €2,953 | +€1,125 | +61.5% |
| Gross operating margin | 9900 | €214,572 | €209,960 | -€4,612 | -2.1% |
| Operating profit (loss) | 9901 | €106,114 | €100,643 | -€5,470 | -5.2% |
| Financial income | 75/76B | €1 | €56 | +€55 | +7,725% |
| Recurring financial income | 75 | €1 | €56 | +€55 | +7,725% |
| Financial charges | 65/66B | €2,974 | €2,282 | -€691 | -23.2% |
| Recurring financial charges | 65 | €2,974 | €2,282 | -€691 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €103,141 | €98,417 | -€4,724 | -4.6% |
| Income taxes | 67/77 | €20,930 | €27,920 | +€6,990 | +33.4% |
| Profit (loss) for the period | 9904 | €82,211 | €70,497 | -€11,714 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,211 | €70,497 | -€11,714 | -14.2% |
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.