FRC: 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.
FRC
Largest movements
- Tangible fixed assets +€7,890
up €7,890 (+419.0%), from €1,883 to €9,773
of which Furniture and vehicles: +€8,117
- Cash +€5,731
up €5,731 (+7.6%), from €75,194 to €80,925
mainly Tax, wage and social debts (+€13,439) and Net result for the year (+€8,311)
- Receivables within one year -€1,469
down €1,469 (-38.7%), from €3,799 to €2,330
of which Other amounts receivable: -€1,685
- Tax, wage and social debts +€13,439
up €13,439 (+164.5%), from €8,169 to €21,608
of which Remuneration and social security: +€11,551
- Profit (loss) carried forward +€8,311
up €8,311 (+13.7%), from €60,799 to €69,110
- Advances received -€7,024
no longer reported in 2025 (was €7,024)
- Trade debts -€1,920
no longer reported in 2025 (was €1,920)
- Gross operating margin -€15,278
down €15,278 (-53.7%), from €28,441 to €13,163
- Staff costs -€5,673
down €5,673 (-87.9%), from €6,455 to €782
- Taxes -€2,922
down €2,922 (-51.3%), from €5,692 to €2,770
- Depreciation +€1,309
up €1,309 (+163.6%), from €800 to €2,109
- Financial income +€1,104
new in 2025: €1,104
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 | €81,066 | €93,218 | +€12,152 | +15.0% |
| Fixed assets | 21/28 | €2,073 | €9,963 | +€7,890 | +380.6% |
| Tangible fixed assets | 22/27 | €1,883 | €9,773 | +€7,890 | +419.0% |
| Plant, machinery and equipment | 23 | €934 | €707 | -€227 | -24.3% |
| Furniture and vehicles | 24 | €949 | €9,066 | +€8,117 | +855.3% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €78,993 | €83,255 | +€4,262 | +5.4% |
| Amounts receivable within one year | 40/41 | €3,799 | €2,330 | -€1,469 | -38.7% |
| Trade receivables | 40 | €82 | €298 | +€216 | +263.4% |
| Other amounts receivable | 41 | €3,717 | €2,032 | -€1,685 | -45.3% |
| Cash at bank and in hand | 54/58 | €75,194 | €80,925 | +€5,731 | +7.6% |
| Total equity and liabilities | 10/49 | €81,066 | €93,218 | +€12,152 | +15.0% |
| Equity | 10/15 | €63,299 | €71,610 | +€8,311 | +13.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,799 | €69,110 | +€8,311 | +13.7% |
| Amounts payable | 17/49 | €17,767 | €21,608 | +€3,841 | +21.6% |
| Amounts payable within one year | 42/48 | €17,767 | €21,608 | +€3,841 | +21.6% |
| Trade debts | 44 | €1,920 | - | -€1,920 | |
| Suppliers | 440/4 | €1,920 | - | -€1,920 | |
| Advances received on contracts in progress | 46 | €7,024 | - | -€7,024 | |
| Taxes, remuneration and social security | 45 | €8,169 | €21,608 | +€13,439 | +164.5% |
| Taxes | 450/3 | €6,669 | €8,557 | +€1,888 | +28.3% |
| Remuneration and social security | 454/9 | €1,500 | €13,051 | +€11,551 | +770.1% |
| Other amounts payable | 47/48 | €654 | - | -€654 | |
| Remuneration, social security and pensions | 62 | €6,455 | €782 | -€5,673 | -87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €2,109 | +€1,309 | +163.6% |
| Other operating charges | 640/8 | €149 | €223 | +€74 | +49.7% |
| Gross operating margin | 9900 | €28,441 | €13,163 | -€15,278 | -53.7% |
| Operating profit (loss) | 9901 | €21,037 | €10,049 | -€10,988 | -52.2% |
| Financial income | 75/76B | - | €1,104 | +€1,104 | |
| Recurring financial income | 75 | - | €1,104 | +€1,104 | |
| Financial charges | 65/66B | €80 | €72 | -€8 | -10.0% |
| Recurring financial charges | 65 | €80 | €72 | -€8 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €20,957 | €11,081 | -€9,876 | -47.1% |
| Income taxes | 67/77 | €5,692 | €2,770 | -€2,922 | -51.3% |
| Profit (loss) for the period | 9904 | €15,265 | €8,311 | -€6,954 | -45.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,265 | €8,311 | -€6,954 | -45.6% |
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 8 October 2026 via checked.be.