FIEND: 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.
FIEND
Largest movements
- Tangible fixed assets +€45,128
new in 2025: €45,128
- Cash +€25,021
new in 2025: €25,021
mainly Debts after one year (+€34,691) and Net result for the year (+€27,305)
- Receivables within one year +€17,559
up €17,559 (+375.0%), from €4,682 to €22,241
of which Trade receivables: +€19,274
- Current investments -€5,109
no longer reported in 2025 (was €5,109)
- Debts after one year +€34,691
new in 2025: €34,691
of which Other amounts payable: +€20,000
- Reserves +€26,231
up €26,231 (+299438.6%), from €9 to €26,240
- Tax, wage and social debts +€15,065
new in 2025: €15,065
- Current portion of long-term debt +€5,294
new in 2025: €5,294
- Trade debts +€1,803
new in 2025: €1,803
- Gross operating margin +€42,393
up €42,393 (+914.3%), from €4,637 to €47,030
- Taxes +€12,649
up €12,649 (+918.9%), from €1,376 to €14,025
- Depreciation +€4,103
new in 2025: €4,103
- Financial charges -€1,868
down €1,868 (-67.7%), from €2,758 to €890
- Other operating charges -€861
down €861 (-54.9%), from €1,568 to €707
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 | €9,791 | €92,391 | +€82,600 | +843.7% |
| Fixed assets | 21/28 | - | €45,128 | +€45,128 | |
| Tangible fixed assets | 22/27 | - | €45,128 | +€45,128 | |
| Furniture and vehicles | 24 | - | €45,128 | +€45,128 | |
| Current assets | 29/58 | €9,791 | €47,263 | +€37,472 | +382.7% |
| Amounts receivable within one year | 40/41 | €4,682 | €22,241 | +€17,559 | +375.0% |
| Trade receivables | 40 | €423 | €19,697 | +€19,274 | +4555.9% |
| Other amounts receivable | 41 | €4,259 | €2,544 | -€1,715 | -40.3% |
| Current investments | 50/53 | €5,109 | - | -€5,109 | |
| Cash at bank and in hand | 54/58 | - | €25,021 | +€25,021 | |
| Total equity and liabilities | 10/49 | €9,791 | €92,391 | +€82,600 | +843.7% |
| Equity | 10/15 | €1,943 | €29,240 | +€27,297 | +1405.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9 | €26,240 | +€26,231 | +299438.6% |
| Distributable reserves | 133 | €9 | €26,240 | +€26,231 | +299438.6% |
| Profit (loss) carried forward | 14 | -€1,066 | - | +€1,066 | |
| Amounts payable | 17/49 | €7,848 | €63,151 | +€55,303 | +704.7% |
| Amounts payable after more than one year | 17 | - | €34,691 | +€34,691 | |
| Financial debts | 170/4 | - | €14,691 | +€14,691 | |
| Other amounts payable | 178/9 | - | €20,000 | +€20,000 | |
| Amounts payable within one year | 42/48 | €7,848 | €28,460 | +€20,612 | +262.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,294 | +€5,294 | |
| Financial debts | 43 | €1,424 | - | -€1,424 | |
| Credit institutions | 430/8 | €1,424 | - | -€1,424 | |
| Trade debts | 44 | - | €1,803 | +€1,803 | |
| Suppliers | 440/4 | - | €1,803 | +€1,803 | |
| Taxes, remuneration and social security | 45 | - | €15,065 | +€15,065 | |
| Taxes | 450/3 | - | €15,065 | +€15,065 | |
| Other amounts payable | 47/48 | €6,424 | €6,299 | -€125 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,103 | +€4,103 | |
| Other operating charges | 640/8 | €1,568 | €707 | -€861 | -54.9% |
| Gross operating margin | 9900 | €4,637 | €47,030 | +€42,393 | +914.3% |
| Operating profit (loss) | 9901 | €3,069 | €42,220 | +€39,152 | +1275.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,758 | €890 | -€1,868 | -67.7% |
| Recurring financial charges | 65 | €2,758 | €890 | -€1,868 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | €311 | €41,330 | +€41,020 | +13208.4% |
| Income taxes | 67/77 | €1,376 | €14,025 | +€12,649 | +918.9% |
| Profit (loss) for the period | 9904 | -€1,066 | €27,305 | +€28,371 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,066 | €27,305 | +€28,371 |
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 6 October 2026 via checked.be.