FREND SHOP: 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.
FREND SHOP
Largest movements
- Tangible fixed assets -€14,778
down €14,778 (-2.9%), from €516,585 to €501,807
- Debts after one year -€37,413
down €37,413 (-12.7%), from €293,567 to €256,154
- Other debts +€13,788
up €13,788 (+6.9%), from €200,049 to €213,837
- Profit (loss) carried forward +€7,622
up €7,622 (+37.2%), from -€20,475 to -€12,854
- Gross operating margin +€7,350
up €7,350 (+17.2%), from €42,704 to €50,053
- Taxes +€2,056
up €2,056 (+285.9%), from €719 to €2,774
- Financial charges -€1,251
down €1,251 (-8.6%), from €14,491 to €13,240
- Other operating charges +€1,076
up €1,076 (+10.2%), from €10,563 to €11,639
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 | €516,904 | €504,640 | -€12,264 | -2.4% |
| Fixed assets | 21/28 | €516,585 | €501,807 | -€14,778 | -2.9% |
| Tangible fixed assets | 22/27 | €516,585 | €501,807 | -€14,778 | -2.9% |
| Land and buildings | 22 | €516,585 | €501,807 | -€14,778 | -2.9% |
| Current assets | 29/58 | €318 | €2,832 | +€2,514 | +789.7% |
| Amounts receivable within one year | 40/41 | €318 | €318 | = | 0.0% |
| Other amounts receivable | 41 | €318 | €318 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €2,514 | +€2,514 | |
| Total equity and liabilities | 10/49 | €516,904 | €504,640 | -€12,264 | -2.4% |
| Equity | 10/15 | -€14,243 | -€6,621 | +€7,622 | +53.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33 | €33 | = | 0.0% |
| Distributable reserves | 133 | €33 | €33 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,475 | -€12,854 | +€7,622 | +37.2% |
| Amounts payable | 17/49 | €531,146 | €511,261 | -€19,886 | -3.7% |
| Amounts payable after more than one year | 17 | €293,567 | €256,154 | -€37,413 | -12.7% |
| Financial debts | 170/4 | €293,567 | €256,154 | -€37,413 | -12.7% |
| Amounts payable within one year | 42/48 | €237,579 | €255,106 | +€17,527 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €36,001 | €37,413 | +€1,411 | +3.9% |
| Financial debts | 43 | €96 | - | -€96 | |
| Credit institutions | 430/8 | €96 | - | -€96 | |
| Trade debts | 44 | €714 | €1,082 | +€368 | +51.6% |
| Suppliers | 440/4 | €714 | €1,082 | +€368 | +51.6% |
| Taxes, remuneration and social security | 45 | €719 | €2,774 | +€2,056 | +285.9% |
| Taxes | 450/3 | €719 | €2,774 | +€2,056 | +285.9% |
| Other amounts payable | 47/48 | €200,049 | €213,837 | +€13,788 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,778 | €14,778 | = | 0.0% |
| Other operating charges | 640/8 | €10,563 | €11,639 | +€1,076 | +10.2% |
| Gross operating margin | 9900 | €42,704 | €50,053 | +€7,350 | +17.2% |
| Operating profit (loss) | 9901 | €17,362 | €23,636 | +€6,274 | +36.1% |
| Financial charges | 65/66B | €14,491 | €13,240 | -€1,251 | -8.6% |
| Recurring financial charges | 65 | €14,491 | €13,240 | -€1,251 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €2,871 | €10,396 | +€7,525 | +262.1% |
| Income taxes | 67/77 | €719 | €2,774 | +€2,056 | +285.9% |
| Profit (loss) for the period | 9904 | €2,152 | €7,622 | +€5,469 | +254.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,152 | €7,622 | +€5,469 | +254.1% |
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.