FRIANDISE: 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.
FRIANDISE
Largest movements
- Cash +€71,838
up €71,838 (+26.1%), from €274,821 to €346,659
mainly Net result for the year (+€103,987) and Depreciation (+€54,922)
- Tangible fixed assets -€53,232
down €53,232 (-9.4%), from €568,646 to €515,414
of which Land and buildings: -€33,251
- Stocks and contracts -€11,407
down €11,407 (-17.7%), from €64,385 to €52,978
- Debts after one year -€42,066
down €42,066 (-8.7%), from €485,977 to €443,911
- Reserves +€38,604
up €38,604 (+13.5%), from €285,130 to €323,734
- Trade debts +€12,129
up €12,129 (+89.3%), from €13,589 to €25,718
- Accrued charges and deferred income +€9,693
up €9,693 (+77.5%), from €12,505 to €22,198
- Staff costs -€40,707
down €40,707 (-28.4%), from €143,276 to €102,569
- Taxes +€29,436
up €29,436 (+250.8%), from €11,738 to €41,173
- Write-downs -€24,060
down €24,060, from €8,930 to -€15,131
- Gross operating margin +€23,963
up €23,963 (+8.3%), from €289,114 to €313,077
- Other operating charges -€9,362
down €9,362 (-61.1%), from €15,328 to €5,966
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 | €937,617 | €939,805 | +€2,188 | +0.2% |
| Fixed assets | 21/28 | €569,146 | €515,914 | -€53,232 | -9.4% |
| Tangible fixed assets | 22/27 | €568,646 | €515,414 | -€53,232 | -9.4% |
| Land and buildings | 22 | €513,754 | €480,503 | -€33,251 | -6.5% |
| Plant, machinery and equipment | 23 | €2,847 | €1,186 | -€1,661 | -58.4% |
| Furniture and vehicles | 24 | €52,045 | €33,725 | -€18,320 | -35.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €368,470 | €423,890 | +€55,420 | +15.0% |
| Stocks and contracts in progress | 3 | €64,385 | €52,978 | -€11,407 | -17.7% |
| Stocks | 30/36 | €64,385 | €52,978 | -€11,407 | -17.7% |
| Amounts receivable within one year | 40/41 | €29,264 | €24,132 | -€5,132 | -17.5% |
| Trade receivables | 40 | €1,002 | €15,306 | +€14,304 | +1427.6% |
| Other amounts receivable | 41 | €28,262 | €8,827 | -€19,436 | -68.8% |
| Cash at bank and in hand | 54/58 | €274,821 | €346,659 | +€71,838 | +26.1% |
| Deferred charges and accrued income | 490/1 | €0 | €121 | +€121 | |
| Total equity and liabilities | 10/49 | €937,617 | €939,805 | +€2,188 | +0.2% |
| Equity | 10/15 | €303,730 | €342,334 | +€38,604 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €285,130 | €323,734 | +€38,604 | +13.5% |
| Distributable reserves | 133 | €285,130 | €323,734 | +€38,604 | +13.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €633,887 | €597,471 | -€36,416 | -5.7% |
| Amounts payable after more than one year | 17 | €485,977 | €443,911 | -€42,066 | -8.7% |
| Financial debts | 170/4 | €485,977 | €443,911 | -€42,066 | -8.7% |
| Amounts payable within one year | 42/48 | €135,405 | €131,362 | -€4,043 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €45,093 | €42,066 | -€3,027 | -6.7% |
| Trade debts | 44 | €13,589 | €25,718 | +€12,129 | +89.3% |
| Suppliers | 440/4 | €13,589 | €25,718 | +€12,129 | +89.3% |
| Advances received on contracts in progress | 46 | €197 | €0 | -€197 | -100.0% |
| Taxes, remuneration and social security | 45 | €65,456 | €61,526 | -€3,931 | -6.0% |
| Taxes | 450/3 | €45,010 | €45,684 | +€674 | +1.5% |
| Remuneration and social security | 454/9 | €20,446 | €15,842 | -€4,604 | -22.5% |
| Other amounts payable | 47/48 | €11,069 | €2,053 | -€9,017 | -81.5% |
| Accrued charges and deferred income | 492/3 | €12,505 | €22,198 | +€9,693 | +77.5% |
| Remuneration, social security and pensions | 62 | €143,276 | €102,569 | -€40,707 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,199 | €54,922 | -€2,277 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,930 | -€15,131 | -€24,060 | |
| Other operating charges | 640/8 | €15,328 | €5,966 | -€9,362 | -61.1% |
| Gross operating margin | 9900 | €289,114 | €313,077 | +€23,963 | +8.3% |
| Operating profit (loss) | 9901 | €64,381 | €164,751 | +€100,370 | +155.9% |
| Financial income | 75/76B | €713 | €100 | -€613 | -86.0% |
| Recurring financial income | 75 | €713 | €100 | -€613 | -86.0% |
| Financial charges | 65/66B | €23,668 | €19,691 | -€3,978 | -16.8% |
| Recurring financial charges | 65 | €23,668 | €19,691 | -€3,978 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €41,426 | €145,160 | +€103,734 | +250.4% |
| Income taxes | 67/77 | €11,738 | €41,173 | +€29,436 | +250.8% |
| Profit (loss) for the period | 9904 | €29,689 | €103,987 | +€74,298 | +250.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,689 | €103,987 | +€74,298 | +250.3% |
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 9 October 2026 via checked.be.