FRIANE: 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.
FRIANE
Largest movements
- Cash -€20,088
down €20,088 (-31.3%), from €64,233 to €44,145
mainly Contributions, distributions and other (-€50,000) and Investment in fixed assets (net) (-€26,419)
- Receivables within one year +€16,264
up €16,264 (+48.2%), from €33,714 to €49,978
of which Trade receivables: +€32,264
- Tangible fixed assets -€7,814
down €7,814 (-5.0%), from €155,006 to €147,192
of which Furniture and vehicles: -€4,531
- Stocks and contracts -€4,850
down €4,850 (-4.3%), from €111,521 to €106,671
- Profit (loss) carried forward -€50,000
down €50,000 (-42.6%), from €117,251 to €67,251
- Reserves +€22,069
up €22,069 (+15.7%), from €140,361 to €162,430
- Accrued charges and deferred income +€19,483
up €19,483 (+202.8%), from €9,606 to €29,090
- Debts after one year -€11,213
down €11,213 (-59.0%), from €19,001 to €7,789
- Trade debts +€9,613
up €9,613 (+52.2%), from €18,431 to €28,044
- Other operating charges -€3,012
down €3,012 (-34.8%), from €8,653 to €5,641
- Taxes +€1,295
up €1,295 (+16.1%), from €8,018 to €9,313
- Gross operating margin +€1,226
up €1,226 (+1.8%), from €68,188 to €69,415
- Depreciation +€1,180
up €1,180 (+3.6%), from €33,052 to €34,232
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €407,209 | €390,919 | -€16,291 | -4.0% |
| Fixed assets | 21/28 | €155,006 | €147,192 | -€7,814 | -5.0% |
| Tangible fixed assets | 22/27 | €155,006 | €147,192 | -€7,814 | -5.0% |
| Land and buildings | 22 | €77,345 | €76,208 | -€1,137 | -1.5% |
| Plant, machinery and equipment | 23 | €4,753 | €2,608 | -€2,146 | -45.1% |
| Furniture and vehicles | 24 | €72,907 | €68,377 | -€4,531 | -6.2% |
| Current assets | 29/58 | €252,203 | €243,726 | -€8,477 | -3.4% |
| Amounts receivable after more than one year | 29 | €31,000 | €31,000 | = | 0.0% |
| Other amounts receivable | 291 | €31,000 | €31,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €111,521 | €106,671 | -€4,850 | -4.3% |
| Stocks | 30/36 | €111,521 | €106,671 | -€4,850 | -4.3% |
| Amounts receivable within one year | 40/41 | €33,714 | €49,978 | +€16,264 | +48.2% |
| Trade receivables | 40 | €2,145 | €34,409 | +€32,264 | +1504.2% |
| Other amounts receivable | 41 | €31,569 | €15,569 | -€16,000 | -50.7% |
| Cash at bank and in hand | 54/58 | €64,233 | €44,145 | -€20,088 | -31.3% |
| Deferred charges and accrued income | 490/1 | €11,735 | €11,932 | +€197 | +1.7% |
| Total equity and liabilities | 10/49 | €407,209 | €390,919 | -€16,291 | -4.0% |
| Equity | 10/15 | €276,204 | €248,273 | -€27,931 | -10.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €140,361 | €162,430 | +€22,069 | +15.7% |
| Distributable reserves | 133 | €140,361 | €162,430 | +€22,069 | +15.7% |
| Profit (loss) carried forward | 14 | €117,251 | €67,251 | -€50,000 | -42.6% |
| Amounts payable | 17/49 | €131,005 | €142,646 | +€11,640 | +8.9% |
| Amounts payable after more than one year | 17 | €19,001 | €7,789 | -€11,213 | -59.0% |
| Financial debts | 170/4 | €19,001 | €7,789 | -€11,213 | -59.0% |
| Amounts payable within one year | 42/48 | €102,398 | €105,767 | +€3,370 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €11,411 | €11,213 | -€198 | -1.7% |
| Trade debts | 44 | €18,431 | €28,044 | +€9,613 | +52.2% |
| Suppliers | 440/4 | €18,431 | €28,044 | +€9,613 | +52.2% |
| Taxes, remuneration and social security | 45 | €22,556 | €16,511 | -€6,046 | -26.8% |
| Taxes | 450/3 | €22,556 | €16,511 | -€6,046 | -26.8% |
| Other amounts payable | 47/48 | €50,000 | €50,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,606 | €29,090 | +€19,483 | +202.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,052 | €34,232 | +€1,180 | +3.6% |
| Other operating charges | 640/8 | €8,653 | €5,641 | -€3,012 | -34.8% |
| Gross operating margin | 9900 | €68,188 | €69,415 | +€1,226 | +1.8% |
| Operating profit (loss) | 9901 | €26,483 | €29,541 | +€3,059 | +11.5% |
| Financial income | 75/76B | €2,873 | €3,329 | +€456 | +15.9% |
| Recurring financial income | 75 | €2,873 | €3,329 | +€456 | +15.9% |
| Financial charges | 65/66B | €1,836 | €1,488 | -€348 | -18.9% |
| Recurring financial charges | 65 | €1,836 | €1,488 | -€348 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €27,520 | €31,382 | +€3,862 | +14.0% |
| Income taxes | 67/77 | €8,018 | €9,313 | +€1,295 | +16.1% |
| Profit (loss) for the period | 9904 | €19,502 | €22,069 | +€2,567 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,502 | €22,069 | +€2,567 | +13.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.