Frianda: 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.
Frianda
Largest movements
- Tangible fixed assets +€292,002
up €292,002 (+19.6%), from €1.5m to €1.8m
of which Land and buildings: +€298,983
- Cash +€51,587
up €51,587 (+21.8%), from €237,040 to €288,627
mainly Other debts (+€312,018) and Net result for the year (+€205,590)
- Other debts +€312,018
up €312,018 (+163.1%), from €191,350 to €503,368
- Reserves +€65,500
up €65,500 (+5.0%), from €1.3m to €1.4m
of which Distributable reserves: +€65,500
- Current portion of long-term debt -€25,000
down €25,000 (-22.9%), from €109,226 to €84,226
- Depreciation +€19,097
up €19,097 (+30.9%), from €61,857 to €80,954
- Taxes -€8,311
down €8,311 (-7.8%), from €106,562 to €98,251
- Gross operating margin -€5,004
down €5,004 (-1.1%), from €453,757 to €448,753
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 | €1,749,446 | €2,113,757 | +€364,311 | +20.8% |
| Fixed assets | 21/28 | €1,489,465 | €1,781,467 | +€292,002 | +19.6% |
| Tangible fixed assets | 22/27 | €1,489,163 | €1,781,165 | +€292,002 | +19.6% |
| Land and buildings | 22 | €1,478,687 | €1,777,669 | +€298,983 | +20.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €10,476 | €3,495 | -€6,981 | -66.6% |
| Financial fixed assets | 28 | €302 | €302 | = | 0.0% |
| Current assets | 29/58 | €259,981 | €332,290 | +€72,309 | +27.8% |
| Amounts receivable within one year | 40/41 | €2,377 | €18,418 | +€16,041 | +674.9% |
| Trade receivables | 40 | - | €15,730 | +€15,730 | |
| Other amounts receivable | 41 | €2,377 | €2,688 | +€311 | +13.1% |
| Cash at bank and in hand | 54/58 | €237,040 | €288,627 | +€51,587 | +21.8% |
| Deferred charges and accrued income | 490/1 | €20,565 | €25,246 | +€4,681 | +22.8% |
| Total equity and liabilities | 10/49 | €1,749,446 | €2,113,757 | +€364,311 | +20.8% |
| Equity | 10/15 | €1,374,718 | €1,440,308 | +€65,590 | +4.8% |
| Contributions | 10/11 | €64,286 | €64,286 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €2,286 | €2,286 | = | 0.0% |
| Share premium | 1100/10 | €2,286 | €2,286 | = | 0.0% |
| Reserves | 13 | €1,302,184 | €1,367,684 | +€65,500 | +5.0% |
| Non-distributable reserves | 130/1 | €26,120 | €26,120 | = | 0.0% |
| Legal reserve | 130 | €26,120 | €26,120 | = | 0.0% |
| Tax-exempt reserves | 132 | €464 | €464 | = | 0.0% |
| Distributable reserves | 133 | €1,275,600 | €1,341,100 | +€65,500 | +5.1% |
| Profit (loss) carried forward | 14 | €8,248 | €8,338 | +€90 | +1.1% |
| Amounts payable | 17/49 | €374,728 | €673,449 | +€298,721 | +79.7% |
| Amounts payable after more than one year | 17 | €4,090 | €4,090 | = | 0.0% |
| Other amounts payable | 178/9 | €4,090 | €4,090 | = | 0.0% |
| Amounts payable within one year | 42/48 | €304,802 | €602,520 | +€297,719 | +97.7% |
| Current portion of amounts payable after more than one year | 42 | €109,226 | €84,226 | -€25,000 | -22.9% |
| Trade debts | 44 | €4,226 | €14,926 | +€10,700 | +253.2% |
| Suppliers | 440/4 | €4,226 | €14,926 | +€10,700 | +253.2% |
| Other amounts payable | 47/48 | €191,350 | €503,368 | +€312,018 | +163.1% |
| Accrued charges and deferred income | 492/3 | €65,836 | €66,839 | +€1,002 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,857 | €80,954 | +€19,097 | +30.9% |
| Other operating charges | 640/8 | €53,534 | €55,566 | +€2,032 | +3.8% |
| Gross operating margin | 9900 | €453,757 | €448,753 | -€5,004 | -1.1% |
| Operating profit (loss) | 9901 | €338,366 | €312,234 | -€26,133 | -7.7% |
| Financial income | 75/76B | €834 | €30 | -€803 | -96.4% |
| Recurring financial income | 75 | €834 | €30 | -€803 | -96.4% |
| Financial charges | 65/66B | €8,970 | €8,423 | -€548 | -6.1% |
| Recurring financial charges | 65 | €8,970 | €8,423 | -€548 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €330,230 | €303,841 | -€26,389 | -8.0% |
| Income taxes | 67/77 | €106,562 | €98,251 | -€8,311 | -7.8% |
| Profit (loss) for the period | 9904 | €223,667 | €205,590 | -€18,078 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €223,667 | €205,590 | -€18,078 | -8.1% |
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 28 September 2026 via checked.be.