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.
What changed
FRIANDA
NACE 10.850, Manufacture of food products
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€921,195
2025 · €778,990+€142,205
Equity
€2.1m
2025 · €2.0m+€85,017
Cash
€10,023
2025 · €447,785-€437,762
Balance sheet total
€9.6m
2025 · €9.6m+€42,359
Largest movements
Assets
- Receivables within one year +€443,787
up €443,787 (+33.4%), from €1.3m to €1.8m
of which Trade receivables: +€562,725
- Cash -€437,762
down €437,762 (-97.8%), from €447,785 to €10,023
mainly Short-term financial debts (-€1.0m) and Investment in fixed assets (net) (-€836,370)
Equity and liabilities
- Short-term financial debts -€1.0m
no longer reported in 2026 (was €1.0m)
- Other debts +€550,000
up €550,000 (+220.0%), from €250,000 to €800,000
- Trade debts +€249,072
up €249,072 (+36.2%), from €687,998 to €937,070
- Debts after one year +€240,087
up €240,087 (+5.5%), from €4.3m to €4.6m
- Profit (loss) carried forward +€121,195
up €121,195 (+7.3%), from €1.7m to €1.8m
Income statement
- Turnover +€945,545
up €945,545 (+7.8%), from €12.1m to €13.1m
- Services and other goods +€507,725
up €507,725 (+19.9%), from €2.5m to €3.1m
- Goods and materials +€309,151
up €309,151 (+5.9%), from €5.2m to €5.5m
of which Purchases: +€272,925
- Taxes +€179,802
up €179,802 (+99.9%), from €179,933 to €359,735
From the 2025 result to the 2026 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.
Result 2025
€778,990
Turnover
+€945,545
Other operating income
-€90,722
Goods and materials
-€309,151
Services and other goods
-€507,725
Staff costs
+€114,375
Depreciation
+€121,924
Write-downs
+€40,266
Other operating charges
+€31,723
Other operating items
+€61,437
Financial income
-€87,616
Financial charges
+€1,951
Taxes
-€179,802
Result 2026
€921,195
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€2.1m
Investment
-€836,370
Financing
-€1.7m
Cash 2025
€447,785
From operations (derived)
+€2.1m
Net result for the year
+€921,195
Depreciation
+€865,022
Stocks and contracts
-€70,407
Receivables within one year
-€443,787
Deferred charges and accrued income
+€5,422
Trade debts
+€249,072
Tax, wage and social debts
+€12,754
Other debts
+€550,000
Accrued charges and deferred income
+€9,799
Investment (derived)
-€836,370
Investment in fixed assets (net)
-€836,370
Financing
-€1.7m
Debts after one year
+€240,087
Current portion of long-term debt
-€104,370
Short-term financial debts
-€1.0m
Contributions, distributions and other
-€836,178
Cash 2026
€10,023
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,561,359 | €9,603,717 | +€42,359 | +0.4% |
| Fixed assets | 21/28 | €6,792,556 | €6,763,904 | -€28,652 | -0.4% |
| Intangible fixed assets | 21 | - | €7,269 | +€7,269 | |
| Tangible fixed assets | 22/27 | €6,792,556 | €6,756,635 | -€35,920 | -0.5% |
| Land and buildings | 22 | €4,302,869 | €3,947,478 | -€355,391 | -8.3% |
| Plant, machinery and equipment | 23 | €713,675 | €507,349 | -€206,325 | -28.9% |
| Furniture and vehicles | 24 | €9,468 | €53,338 | +€43,870 | +463.3% |
| Leasing and similar rights | 25 | €1,766,544 | €1,554,695 | -€211,848 | -12.0% |
| Assets under construction and advance payments | 27 | - | €693,775 | +€693,775 | |
| Current assets | 29/58 | €2,768,803 | €2,839,813 | +€71,010 | +2.6% |
| Stocks and contracts in progress | 3 | €986,408 | €1,056,815 | +€70,407 | +7.1% |
| Stocks | 30/36 | €980,982 | €1,006,528 | +€25,546 | +2.6% |
| Raw materials and consumables | 30/31 | €850,122 | €895,037 | +€44,915 | +5.3% |
| Work in progress | 32 | €118,257 | €104,993 | -€13,264 | -11.2% |
| Finished goods | 33 | €12,603 | €6,498 | -€6,105 | -48.4% |
| Contracts in progress | 37 | €5,426 | €50,287 | +€44,861 | +826.8% |
| Amounts receivable within one year | 40/41 | €1,327,430 | €1,771,217 | +€443,787 | +33.4% |
| Trade receivables | 40 | €1,123,996 | €1,686,721 | +€562,725 | +50.1% |
| Other amounts receivable | 41 | €203,434 | €84,496 | -€118,938 | -58.5% |
| Cash at bank and in hand | 54/58 | €447,785 | €10,023 | -€437,762 | -97.8% |
| Deferred charges and accrued income | 490/1 | €7,180 | €1,758 | -€5,422 | -75.5% |
| Total equity and liabilities | 10/49 | €9,561,359 | €9,603,717 | +€42,359 | +0.4% |
| Equity | 10/15 | €2,048,568 | €2,133,585 | +€85,017 | +4.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €160,281 | €160,281 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €152,781 | €152,781 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,662,812 | €1,784,007 | +€121,195 | +7.3% |
| Investment grants | 15 | €150,475 | €114,297 | -€36,178 | -24.0% |
| Amounts payable | 17/49 | €7,512,791 | €7,470,132 | -€42,658 | -0.6% |
| Amounts payable after more than one year | 17 | €4,333,784 | €4,573,871 | +€240,087 | +5.5% |
| Financial debts | 170/4 | €4,333,784 | €4,573,871 | +€240,087 | +5.5% |
| Leasing and similar obligations | 172 | €1,513,932 | €1,290,161 | -€223,771 | -14.8% |
| Credit institutions | 173 | €2,819,853 | €3,283,710 | +€463,858 | +16.4% |
| Amounts payable within one year | 42/48 | €3,179,006 | €2,886,463 | -€292,544 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €864,284 | €759,914 | -€104,370 | -12.1% |
| Financial debts | 43 | €1,000,000 | - | -€1.0m | |
| Credit institutions | 430/8 | €1,000,000 | - | -€1.0m | |
| Trade debts | 44 | €687,998 | €937,070 | +€249,072 | +36.2% |
| Suppliers | 440/4 | €687,998 | €937,070 | +€249,072 | +36.2% |
| Taxes, remuneration and social security | 45 | €376,724 | €389,479 | +€12,754 | +3.4% |
| Taxes | 450/3 | €12,971 | €19,695 | +€6,724 | +51.8% |
| Remuneration and social security | 454/9 | €363,754 | €369,784 | +€6,031 | +1.7% |
| Other amounts payable | 47/48 | €250,000 | €800,000 | +€550,000 | +220.0% |
| Accrued charges and deferred income | 492/3 | - | €9,799 | +€9,799 | |
| Operating income | 70/76A | €12,233,861 | €13,150,122 | +€916,261 | +7.5% |
| Turnover | 70 | €12,126,926 | €13,072,471 | +€945,545 | +7.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€35,945 | €25,492 | +€61,437 | |
| Other operating income | 74 | €142,881 | €52,159 | -€90,722 | -63.5% |
| Operating charges | 60/66A | €11,219,042 | €11,727,631 | +€508,588 | +4.5% |
| Goods for resale, raw materials and consumables | 60 | €5,232,202 | €5,541,354 | +€309,151 | +5.9% |
| Purchases | 600/8 | €5,252,166 | €5,525,092 | +€272,925 | +5.2% |
| Change in stocks: decrease (increase) | 609 | -€19,964 | €16,262 | +€36,226 | |
| Services and other goods | 61 | €2,549,091 | €3,056,816 | +€507,725 | +19.9% |
| Remuneration, social security and pensions | 62 | €2,345,025 | €2,230,650 | -€114,375 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €986,946 | €865,022 | -€121,924 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,536 | -€16,730 | -€40,266 | |
| Other operating charges | 640/8 | €82,242 | €50,519 | -€31,723 | -38.6% |
| Operating profit (loss) | 9901 | €1,014,819 | €1,422,492 | +€407,673 | +40.2% |
| Financial income | 75/76B | €131,902 | €44,286 | -€87,616 | -66.4% |
| Recurring financial income | 75 | €131,902 | €44,286 | -€87,616 | -66.4% |
| Income from current assets | 751 | €18,111 | €1,707 | -€16,403 | -90.6% |
| Other financial income | 752/9 | €113,792 | €42,579 | -€71,213 | -62.6% |
| Financial charges | 65/66B | €187,798 | €185,847 | -€1,951 | -1.0% |
| Recurring financial charges | 65 | €187,798 | €185,847 | -€1,951 | -1.0% |
| Debt charges | 650 | €91,102 | €112,513 | +€21,411 | +23.5% |
| Other financial charges | 652/9 | €96,696 | €73,334 | -€23,362 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €958,924 | €1,280,930 | +€322,007 | +33.6% |
| Income taxes | 67/77 | €179,933 | €359,735 | +€179,802 | +99.9% |
| Taxes | 670/3 | €179,933 | €359,735 | +€179,802 | +99.9% |
| Profit (loss) for the period | 9904 | €778,990 | €921,195 | +€142,205 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €778,990 | €921,195 | +€142,205 | +18.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.