FRI-MER: 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-MER
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Short-term financial debts +€2,241
up €2,241 (+117%), from €1,914 to €4,155
- Profit (loss) carried forward -€1,295
down €1,295 (-5.1%), from -€25,219 to -€26,514
- Accrued charges and deferred income -€900
no longer reported in 2025 (was €900)
- Gross operating margin +€6,256
up €6,256, from -€5,247 to €1,010
- Financial charges +€336
up €336 (+130%), from €258 to €595
- Depreciation +€179
up €179 (+34.0%), from €526 to €704
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 | €29,712 | €29,330 | -€381 | -1.3% |
| Fixed assets | 21/28 | €1,590 | €1,385 | -€205 | -12.9% |
| Tangible fixed assets | 22/27 | €1,511 | €1,306 | -€205 | -13.6% |
| Plant, machinery and equipment | 23 | €585 | €403 | -€182 | -31.0% |
| Furniture and vehicles | 24 | €926 | €902 | -€23 | -2.5% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €28,121 | €27,945 | -€176 | -0.6% |
| Stocks and contracts in progress | 3 | €777 | €509 | -€268 | -34.5% |
| Stocks | 30/36 | €777 | €509 | -€268 | -34.5% |
| Amounts receivable within one year | 40/41 | €27,195 | €27,178 | -€17 | -0.1% |
| Trade receivables | 40 | €20,200 | €20,024 | -€175 | -0.9% |
| Other amounts receivable | 41 | €6,995 | €7,153 | +€158 | +2.3% |
| Cash at bank and in hand | 54/58 | €46 | €4 | -€42 | -91.7% |
| Deferred charges and accrued income | 490/1 | €104 | €255 | +€151 | +145% |
| Total equity and liabilities | 10/49 | €29,712 | €29,330 | -€381 | -1.3% |
| Equity | 10/15 | -€335 | -€1,629 | -€1,295 | -387% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €6,292 | €6,292 | = | 0.0% |
| Distributable reserves | 133 | €6,292 | €6,292 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,219 | -€26,514 | -€1,295 | -5.1% |
| Amounts payable | 17/49 | €30,046 | €30,959 | +€913 | +3.0% |
| Amounts payable within one year | 42/48 | €29,146 | €30,959 | +€1,813 | +6.2% |
| Financial debts | 43 | €1,914 | €4,155 | +€2,241 | +117% |
| Credit institutions | 430/8 | €1,914 | €4,155 | +€2,241 | +117% |
| Trade debts | 44 | €2,275 | €2,062 | -€213 | -9.4% |
| Suppliers | 440/4 | €2,275 | €2,062 | -€213 | -9.4% |
| Taxes, remuneration and social security | 45 | - | €58 | +€58 | |
| Taxes | 450/3 | - | €58 | +€58 | |
| Other amounts payable | 47/48 | €24,957 | €24,684 | -€273 | -1.1% |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €526 | €704 | +€179 | +34.0% |
| Other operating charges | 640/8 | €1,023 | €1,015 | -€8 | -0.7% |
| Gross operating margin | 9900 | -€5,247 | €1,010 | +€6,256 | |
| Operating profit (loss) | 9901 | -€6,795 | -€710 | +€6,085 | +89.6% |
| Financial income | 75/76B | €25 | €10 | -€15 | -59.9% |
| Recurring financial income | 75 | €25 | €10 | -€15 | -59.9% |
| Financial charges | 65/66B | €258 | €595 | +€336 | +130% |
| Recurring financial charges | 65 | €258 | €595 | +€336 | +130% |
| Profit (loss) for the period before taxes | 9903 | -€7,029 | -€1,295 | +€5,734 | +81.6% |
| Profit (loss) for the period | 9904 | -€7,029 | -€1,295 | +€5,734 | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,029 | -€1,295 | +€5,734 | +81.6% |
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 13 October 2026 via checked.be.