Elect FRIAS: what changed
Elect FRIAS
Largest movements
- Cash +€62,405
up €62,405 (+156%), from €40,077 to €102,481
mainly Net result for the year (+€31,730) and Tax, wage and social debts (+€23,125)
- Receivables within one year -€20,266
down €20,266 (-36.1%), from €56,181 to €35,915
of which Other amounts receivable: -€12,709
- Tangible fixed assets +€6,040
up €6,040 (+11.5%), from €52,680 to €58,720
of which Furniture and vehicles: +€4,600
- Tax, wage and social debts +€23,125
up €23,125 (+501%), from €4,617 to €27,742
of which Remuneration and social security: +€17,554
- Other debts +€10,764
new in 2025: €10,764
- Reserves +€7,330
up €7,330 (+7.5%), from €98,335 to €105,666
- Trade debts +€7,166
up €7,166 (+128%), from €5,608 to €12,773
- Gross operating margin +€96,235
up €96,235 (+47.2%), from €203,775 to €300,010
- Staff costs +€58,218
up €58,218 (+32.4%), from €179,731 to €237,949
- Taxes +€11,707
up €11,707 (+209%), from €5,595 to €17,302
- Other operating charges +€8,105
up €8,105 (+781%), from €1,038 to €9,144
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,690 | €203,075 | +€48,384 | +31.3% |
| Fixed assets | 21/28 | €53,080 | €59,120 | +€6,040 | +11.4% |
| Tangible fixed assets | 22/27 | €52,680 | €58,720 | +€6,040 | +11.5% |
| Land and buildings | 22 | €51,271 | €49,898 | -€1,374 | -2.7% |
| Plant, machinery and equipment | 23 | €653 | €3,466 | +€2,814 | +431% |
| Furniture and vehicles | 24 | €756 | €5,356 | +€4,600 | +608% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €101,610 | €143,954 | +€42,344 | +41.7% |
| Amounts receivable within one year | 40/41 | €56,181 | €35,915 | -€20,266 | -36.1% |
| Trade receivables | 40 | €32,197 | €24,641 | -€7,557 | -23.5% |
| Other amounts receivable | 41 | €23,984 | €11,275 | -€12,709 | -53.0% |
| Cash at bank and in hand | 54/58 | €40,077 | €102,481 | +€62,405 | +156% |
| Deferred charges and accrued income | 490/1 | €5,352 | €5,558 | +€206 | +3.9% |
| Total equity and liabilities | 10/49 | €154,690 | €203,075 | +€48,384 | +31.3% |
| Equity | 10/15 | €144,465 | €151,796 | +€7,330 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,335 | €105,666 | +€7,330 | +7.5% |
| Distributable reserves | 133 | €98,335 | €105,666 | +€7,330 | +7.5% |
| Profit (loss) carried forward | 14 | €39,930 | €39,930 | = | 0.0% |
| Amounts payable | 17/49 | €10,225 | €51,279 | +€41,054 | +402% |
| Amounts payable within one year | 42/48 | €10,225 | €51,279 | +€41,054 | +402% |
| Trade debts | 44 | €5,608 | €12,773 | +€7,166 | +128% |
| Suppliers | 440/4 | €5,608 | €12,773 | +€7,166 | +128% |
| Taxes, remuneration and social security | 45 | €4,617 | €27,742 | +€23,125 | +501% |
| Taxes | 450/3 | - | €5,571 | +€5,571 | |
| Remuneration and social security | 454/9 | €4,617 | €22,171 | +€17,554 | +380% |
| Other amounts payable | 47/48 | - | €10,764 | +€10,764 | |
| Remuneration, social security and pensions | 62 | €179,731 | €237,949 | +€58,218 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,851 | €2,967 | -€884 | -23.0% |
| Other operating charges | 640/8 | €1,038 | €9,144 | +€8,105 | +781% |
| Gross operating margin | 9900 | €203,775 | €300,010 | +€96,235 | +47.2% |
| Operating profit (loss) | 9901 | €19,155 | €49,951 | +€30,796 | +161% |
| Financial income | 75/76B | €539 | €3 | -€536 | -99.4% |
| Recurring financial income | 75 | €539 | €3 | -€536 | -99.4% |
| Financial charges | 65/66B | €3,604 | €921 | -€2,682 | -74.4% |
| Recurring financial charges | 65 | €3,604 | €921 | -€2,682 | -74.4% |
| Profit (loss) for the period before taxes | 9903 | €16,090 | €49,032 | +€32,942 | +205% |
| Income taxes | 67/77 | €5,595 | €17,302 | +€11,707 | +209% |
| Profit (loss) for the period | 9904 | €10,495 | €31,730 | +€21,236 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €10,495 | €31,730 | +€21,236 | +202% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.