FRICKELO: 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.
What changed
FRICKELO
NACE 28.300, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €718,863+€517,003
Equity
€2.7m
2024 · €2.1m+€534,667
Cash
€119,955
2024 · €202,602-€82,647
Balance sheet total
€4.4m
2024 · €4.0m+€474,233
Largest movements
Assets
- Stocks and contracts +€456,060
up €456,060 (+59.3%), from €768,940 to €1.2m
- Tangible fixed assets +€110,283
up €110,283 (+8.5%), from €1.3m to €1.4m
of which Land and buildings: +€93,941
- Cash -€82,647
down €82,647 (-40.8%), from €202,602 to €119,955
mainly Contributions, distributions and other (-€701,199) and Stocks and contracts (-€456,060)
Equity and liabilities
- Reserves +€535,866
up €535,866 (+26.8%), from €2.0m to €2.5m
of which Distributable reserves: +€372,592
- Other debts +€280,000
up €280,000 (+62.2%), from €450,000 to €730,000
- Trade debts -€130,812
down €130,812 (-49.8%), from €262,914 to €132,102
- Debts after one year -€117,419
down €117,419 (-17.9%), from €654,607 to €537,187
Income statement
- Gross operating margin +€544,919
up €544,919 (+38.9%), from €1.4m to €1.9m
- Taxes +€69,884
up €69,884 (+76.0%), from €91,942 to €161,826
- Staff costs -€36,642
down €36,642 (-7.5%), from €491,670 to €455,028
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.
Result 2024
€718,863
Gross operating margin
+€544,919
Staff costs
+€36,642
Depreciation
-€3,109
Other operating charges
-€1,800
Financial income
+€7,870
Financial charges
+€2,366
Taxes
-€69,884
Result 2025
€1.2m
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€949,299
Investment
-€142,067
Financing
-€889,879
Cash 2024
€202,602
From operations (derived)
+€949,299
Net result for the year
+€1.2m
Depreciation
+€72,901
Stocks and contracts
-€456,060
Receivables within one year
-€34,533
Smaller working-capital items
+€2,681
Trade debts
-€130,812
Tax, wage and social debts
+€7,318
Other debts
+€280,000
Accrued charges and deferred income
-€28,063
Investment (derived)
-€142,067
Investment in fixed assets (net)
-€183,185
Current investments
+€41,118
Financing
-€889,879
Debts after one year
-€117,419
Current portion of long-term debt
-€44,261
Short-term financial debts
-€26,999
Contributions, distributions and other
-€701,199
Cash 2025
€119,955
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,952,139 | €4,426,371 | +€474,233 | +12.0% |
| Fixed assets | 21/28 | €1,302,232 | €1,412,515 | +€110,283 | +8.5% |
| Tangible fixed assets | 22/27 | €1,302,232 | €1,412,515 | +€110,283 | +8.5% |
| Land and buildings | 22 | €1,268,219 | €1,362,160 | +€93,941 | +7.4% |
| Plant, machinery and equipment | 23 | €32,006 | €45,390 | +€13,384 | +41.8% |
| Furniture and vehicles | 24 | €2,007 | €4,965 | +€2,959 | +147% |
| Current assets | 29/58 | €2,649,907 | €3,013,856 | +€363,949 | +13.7% |
| Stocks and contracts in progress | 3 | €768,940 | €1,225,000 | +€456,060 | +59.3% |
| Stocks | 30/36 | €768,940 | €1,225,000 | +€456,060 | +59.3% |
| Amounts receivable within one year | 40/41 | €916,270 | €950,802 | +€34,533 | +3.8% |
| Trade receivables | 40 | €669,909 | €660,463 | -€9,446 | -1.4% |
| Other amounts receivable | 41 | €246,361 | €290,339 | +€43,978 | +17.9% |
| Current investments | 50/53 | €731,741 | €690,623 | -€41,118 | -5.6% |
| Cash at bank and in hand | 54/58 | €202,602 | €119,955 | -€82,647 | -40.8% |
| Deferred charges and accrued income | 490/1 | €30,354 | €27,476 | -€2,878 | -9.5% |
| Total equity and liabilities | 10/49 | €3,952,139 | €4,426,371 | +€474,233 | +12.0% |
| Equity | 10/15 | €2,149,640 | €2,684,307 | +€534,667 | +24.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €2,003,054 | €2,538,920 | +€535,866 | +26.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €320,876 | €484,150 | +€163,274 | +50.9% |
| Distributable reserves | 133 | €1,682,178 | €2,054,770 | +€372,592 | +22.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €21,586 | €20,387 | -€1,199 | -5.6% |
| Amounts payable | 17/49 | €1,802,499 | €1,742,065 | -€60,434 | -3.4% |
| Amounts payable after more than one year | 17 | €654,607 | €537,187 | -€117,419 | -17.9% |
| Financial debts | 170/4 | €654,607 | €537,187 | -€117,419 | -17.9% |
| Amounts payable within one year | 42/48 | €1,069,372 | €1,154,420 | +€85,048 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €162,692 | €118,431 | -€44,261 | -27.2% |
| Financial debts | 43 | €26,999 | €0 | -€26,999 | -100% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €26,999 | €0 | -€26,999 | -100% |
| Trade debts | 44 | €262,914 | €132,102 | -€130,812 | -49.8% |
| Suppliers | 440/4 | €262,914 | €132,102 | -€130,812 | -49.8% |
| Advances received on contracts in progress | 46 | €197 | €0 | -€197 | -100% |
| Taxes, remuneration and social security | 45 | €166,569 | €173,887 | +€7,318 | +4.4% |
| Taxes | 450/3 | €90,176 | €122,989 | +€32,813 | +36.4% |
| Remuneration and social security | 454/9 | €76,393 | €50,898 | -€25,495 | -33.4% |
| Other amounts payable | 47/48 | €450,000 | €730,000 | +€280,000 | +62.2% |
| Accrued charges and deferred income | 492/3 | €78,521 | €50,458 | -€28,063 | -35.7% |
| Non-recurring operating income | 76A | €1,000 | €4,460 | +€3,460 | +346% |
| Remuneration, social security and pensions | 62 | €491,670 | €455,028 | -€36,642 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,793 | €72,901 | +€3,109 | +4.5% |
| Other operating charges | 640/8 | €18,133 | €19,933 | +€1,800 | +9.9% |
| Gross operating margin | 9900 | €1,401,286 | €1,946,205 | +€544,919 | +38.9% |
| Operating profit (loss) | 9901 | €821,691 | €1,398,342 | +€576,651 | +70.2% |
| Financial income | 75/76B | €8,820 | €16,691 | +€7,870 | +89.2% |
| Recurring financial income | 75 | €8,820 | €16,691 | +€7,870 | +89.2% |
| Financial charges | 65/66B | €19,706 | €17,340 | -€2,366 | -12.0% |
| Recurring financial charges | 65 | €19,706 | €17,340 | -€2,366 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €810,805 | €1,397,692 | +€586,887 | +72.4% |
| Income taxes | 67/77 | €91,942 | €161,826 | +€69,884 | +76.0% |
| Profit (loss) for the period | 9904 | €718,863 | €1,235,866 | +€517,003 | +71.9% |
| Transfer to tax-exempt reserves | 689 | €134,431 | €163,274 | +€28,843 | +21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €584,431 | €1,072,592 | +€488,161 | +83.5% |
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 23 October 2026 via checked.be.