FRIBEMO: 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.
FRIBEMO
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Tangible fixed assets -€36,679
down €36,679 (-3.7%), from €990,074 to €953,395
of which Furniture and vehicles: -€20,965
- Receivables within one year -€23,935
down €23,935 (-61.8%), from €38,756 to €14,821
of which Trade receivables: -€15,422
- Other debts +€585,216
up €585,216 (+1327.1%), from €44,099 to €629,315
- Reserves -€316,437
down €316,437 (-100.0%), from €316,437 to €0
of which Distributable reserves: -€284,862
- Debts after one year -€38,219
down €38,219 (-6.5%), from €589,803 to €551,585
- Tax, wage and social debts -€22,566
down €22,566 (-75.3%), from €29,986 to €7,420
of which Taxes: -€22,566
- Current portion of long-term debt -€13,050
down €13,050 (-25.5%), from €51,268 to €38,219
- Gross operating margin +€114,464
up €114,464 (+45.8%), from €249,901 to €364,366
- Depreciation -€38,752
down €38,752 (-46.1%), from €84,073 to €45,321
- Taxes +€38,683
up €38,683 (+130.3%), from €29,699 to €68,383
- Other operating charges +€4,814
up €4,814 (+125.2%), from €3,845 to €8,658
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 | €1,053,541 | €1,235,906 | +€182,365 | +17.3% |
| Fixed assets | 21/28 | €990,074 | €953,395 | -€36,679 | -3.7% |
| Tangible fixed assets | 22/27 | €990,074 | €953,395 | -€36,679 | -3.7% |
| Land and buildings | 22 | €949,372 | €933,658 | -€15,714 | -1.7% |
| Furniture and vehicles | 24 | €40,702 | €19,737 | -€20,965 | -51.5% |
| Current assets | 29/58 | €63,467 | €282,511 | +€219,044 | +345.1% |
| Amounts receivable within one year | 40/41 | €38,756 | €14,821 | -€23,935 | -61.8% |
| Trade receivables | 40 | €28,127 | €12,705 | -€15,422 | -54.8% |
| Other amounts receivable | 41 | €10,629 | €2,116 | -€8,514 | -80.1% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €21,894 | €15,249 | -€6,645 | -30.3% |
| Deferred charges and accrued income | 490/1 | €2,817 | €2,442 | -€376 | -13.3% |
| Total equity and liabilities | 10/49 | €1,053,541 | €1,235,906 | +€182,365 | +17.3% |
| Equity | 10/15 | €318,937 | €2,500 | -€316,437 | -99.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €316,437 | €0 | -€316,437 | -100.0% |
| Tax-exempt reserves | 132 | €31,575 | €0 | -€31,575 | -100.0% |
| Distributable reserves | 133 | €284,862 | €0 | -€284,862 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €734,604 | €1,233,406 | +€498,803 | +67.9% |
| Amounts payable after more than one year | 17 | €589,803 | €551,585 | -€38,219 | -6.5% |
| Financial debts | 170/4 | €589,803 | €551,585 | -€38,219 | -6.5% |
| Amounts payable within one year | 42/48 | €142,209 | €681,821 | +€539,613 | +379.5% |
| Current portion of amounts payable after more than one year | 42 | €51,268 | €38,219 | -€13,050 | -25.5% |
| Financial debts | 43 | €10,232 | €0 | -€10,232 | -100.0% |
| Other loans | 439 | €10,232 | €0 | -€10,232 | -100.0% |
| Trade debts | 44 | €6,624 | €6,868 | +€244 | +3.7% |
| Suppliers | 440/4 | €6,624 | €6,868 | +€244 | +3.7% |
| Taxes, remuneration and social security | 45 | €29,986 | €7,420 | -€22,566 | -75.3% |
| Taxes | 450/3 | €27,856 | €5,290 | -€22,566 | -81.0% |
| Remuneration and social security | 454/9 | €2,130 | €2,130 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €44,099 | €629,315 | +€585,216 | +1327.1% |
| Accrued charges and deferred income | 492/3 | €2,591 | €0 | -€2,591 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,248 | €901 | -€347 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,073 | €45,321 | -€38,752 | -46.1% |
| Other operating charges | 640/8 | €3,845 | €8,658 | +€4,814 | +125.2% |
| Gross operating margin | 9900 | €249,901 | €364,366 | +€114,464 | +45.8% |
| Operating profit (loss) | 9901 | €160,736 | €309,486 | +€148,750 | +92.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1400.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1400.0% |
| Financial charges | 65/66B | €19,288 | €21,007 | +€1,719 | +8.9% |
| Recurring financial charges | 65 | €19,288 | €21,007 | +€1,719 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €141,449 | €288,479 | +€147,031 | +103.9% |
| Income taxes | 67/77 | €29,699 | €68,383 | +€38,683 | +130.3% |
| Profit (loss) for the period | 9904 | €111,749 | €220,097 | +€108,347 | +97.0% |
| Transfer from tax-exempt reserves | 789 | - | €31,575 | +€31,575 | |
| Profit (loss) for the period to be appropriated | 9905 | €111,749 | €251,672 | +€139,922 | +125.2% |
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 10 October 2026 via checked.be.