FRI-JAN: 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.
FRI-JAN
Largest movements
- Cash -€17,980
down €17,980 (-44.1%), from €40,774 to €22,794
mainly Net result for the year (-€46,582) and Stocks and contracts (-€13,813)
- Stocks and contracts +€13,813
up €13,813 (+20.8%), from €66,250 to €80,062
- Tangible fixed assets -€8,486
down €8,486 (-82.5%), from €10,283 to €1,797
of which Furniture and vehicles: -€8,000
- Intangible fixed assets -€7,500
down €7,500 (-85.9%), from €8,730 to €1,230
- Profit (loss) carried forward -€44,582
down €44,582 (-95.7%), from €46,566 to €1,984
- Trade debts +€25,617
up €25,617 (+360%), from €7,108 to €32,725
- Other debts +€13,108
up €13,108 (+57.9%), from €22,625 to €35,733
- Tax, wage and social debts -€6,583
down €6,583 (-28.9%), from €22,793 to €16,210
of which Taxes: -€3,706
- Current portion of long-term debt -€6,206
no longer reported in 2025 (was €6,206)
- Gross operating margin -€78,573
down €78,573 (-60.8%), from €129,259 to €50,686
- Staff costs +€9,963
up €9,963 (+15.3%), from €64,916 to €74,878
- Financial charges -€6,247
down €6,247 (-89.3%), from €6,994 to €746
- Taxes -€4,317
no longer reported in 2025 (was €4,317)
- Other operating charges -€1,966
down €1,966 (-28.1%), from €7,001 to €5,035
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 | €127,298 | €106,651 | -€20,647 | -16.2% |
| Formation expenses | 20 | €838 | €0 | -€838 | -100.0% |
| Fixed assets | 21/28 | €19,242 | €3,256 | -€15,986 | -83.1% |
| Intangible fixed assets | 21 | €8,730 | €1,230 | -€7,500 | -85.9% |
| Tangible fixed assets | 22/27 | €10,283 | €1,797 | -€8,486 | -82.5% |
| Land and buildings | 22 | €972 | €486 | -€486 | -50.0% |
| Furniture and vehicles | 24 | €9,311 | €1,311 | -€8,000 | -85.9% |
| Financial fixed assets | 28 | €230 | €230 | = | 0.0% |
| Current assets | 29/58 | €107,217 | €103,395 | -€3,823 | -3.6% |
| Stocks and contracts in progress | 3 | €66,250 | €80,062 | +€13,813 | +20.8% |
| Stocks | 30/36 | €66,250 | €80,062 | +€13,813 | +20.8% |
| Amounts receivable within one year | 40/41 | €194 | €538 | +€344 | +178% |
| Trade receivables | 40 | €194 | €468 | +€274 | +142% |
| Other amounts receivable | 41 | - | €70 | +€70 | |
| Cash at bank and in hand | 54/58 | €40,774 | €22,794 | -€17,980 | -44.1% |
| Total equity and liabilities | 10/49 | €127,298 | €106,651 | -€20,647 | -16.2% |
| Equity | 10/15 | €68,566 | €21,984 | -€46,582 | -67.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €46,566 | €1,984 | -€44,582 | -95.7% |
| Amounts payable | 17/49 | €58,732 | €84,667 | +€25,935 | +44.2% |
| Amounts payable within one year | 42/48 | €58,732 | €84,667 | +€25,935 | +44.2% |
| Current portion of amounts payable after more than one year | 42 | €6,206 | - | -€6,206 | |
| Trade debts | 44 | €7,108 | €32,725 | +€25,617 | +360% |
| Suppliers | 440/4 | €7,108 | €32,725 | +€25,617 | +360% |
| Taxes, remuneration and social security | 45 | €22,793 | €16,210 | -€6,583 | -28.9% |
| Taxes | 450/3 | €8,023 | €4,317 | -€3,706 | -46.2% |
| Remuneration and social security | 454/9 | €14,770 | €11,893 | -€2,877 | -19.5% |
| Other amounts payable | 47/48 | €22,625 | €35,733 | +€13,108 | +57.9% |
| Remuneration, social security and pensions | 62 | €64,916 | €74,878 | +€9,963 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,824 | €16,824 | -€0 | 0.0% |
| Other operating charges | 640/8 | €7,001 | €5,035 | -€1,966 | -28.1% |
| Gross operating margin | 9900 | €129,259 | €50,686 | -€78,573 | -60.8% |
| Operating profit (loss) | 9901 | €40,518 | -€46,051 | -€86,569 | |
| Financial income | 75/76B | - | €216 | +€216 | |
| Recurring financial income | 75 | - | €216 | +€216 | |
| Financial charges | 65/66B | €6,994 | €746 | -€6,247 | -89.3% |
| Recurring financial charges | 65 | €6,994 | €746 | -€6,247 | -89.3% |
| Profit (loss) for the period before taxes | 9903 | €33,524 | -€46,582 | -€80,106 | |
| Income taxes | 67/77 | €4,317 | - | -€4,317 | |
| Profit (loss) for the period | 9904 | €29,207 | -€46,582 | -€75,789 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,207 | -€46,582 | -€75,789 |
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 17 October 2026 via checked.be.