FRIDG'BI: 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
FRIDG'BI
NACE 33.200, Installation of industrial machinery and equipment
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€286,143
2024 · -€233,951-€52,193
Equity
€2.0m
2024 · €2.3m-€301,918
Cash
€50,328
2024 · €33,576+€16,751
Balance sheet total
€4.6m
2024 · €4.9m-€333,028
Largest movements
Assets
- Receivables within one year -€215,974
down €215,974 (-21.4%), from €1.0m to €793,926
of which Trade receivables: -€215,175
- Tangible fixed assets -€123,413
down €123,413 (-5.0%), from €2.5m to €2.4m
of which Land and buildings: -€101,735
- Stocks and contracts -€64,516
down €64,516 (-11.5%), from €562,633 to €498,117
Equity and liabilities
- Profit (loss) carried forward -€286,143
down €286,143 (-47.4%), from €603,723 to €317,580
- Debts after one year -€139,166
down €139,166 (-24.8%), from €561,718 to €422,552
- Trade debts +€108,525
up €108,525 (+19.9%), from €544,831 to €653,356
- Other debts +€92,588
up €92,588 (+748%), from €12,373 to €104,961
- Current portion of long-term debt -€60,973
down €60,973 (-27.1%), from €224,694 to €163,721
Income statement
- Gross operating margin -€294,558
down €294,558 (-16.6%), from €1.8m to €1.5m
- Staff costs -€181,557
down €181,557 (-11.8%), from €1.5m to €1.4m
- Other operating charges +€32,731
up €32,731 (+96.7%), from €33,861 to €66,592
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
-€233,951
Gross operating margin
-€294,558
Staff costs
+€181,557
Depreciation
-€16,028
Write-downs
+€5,650
Other operating charges
-€32,731
Other operating items
+€116,859
Financial income
-€678
Financial charges
-€9,604
Taxes
-€2,660
Result 2025
-€286,143
raises the resultlowers the resultnot broken down further in the accounts
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
+€318,356
Investment
-€89,874
Financing
-€211,731
Cash 2024
€33,576
From operations (derived)
+€318,356
Net result for the year
-€286,143
Depreciation
+€187,586
Stocks and contracts
+€64,516
Receivables within one year
+€215,974
Deferred charges and accrued income
-€28,422
Trade debts
+€108,525
Tax, wage and social debts
-€6,441
Advances received
-€10,143
Other debts
+€92,588
Accrued charges and deferred income
-€19,682
Investment (derived)
-€89,874
Investment in fixed assets (net)
-€89,874
Financing
-€211,731
Debts after one year
-€139,166
Current portion of long-term debt
-€60,973
Short-term financial debts
+€4,183
Contributions, distributions and other
-€15,774
Cash 2025
€50,328
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,915,174 | €4,582,147 | -€333,028 | -6.8% |
| Fixed assets | 21/28 | €3,271,371 | €3,173,659 | -€97,712 | -3.0% |
| Intangible fixed assets | 21 | €176,579 | €195,980 | +€19,401 | +11.0% |
| Tangible fixed assets | 22/27 | €2,487,124 | €2,363,711 | -€123,413 | -5.0% |
| Land and buildings | 22 | €2,431,037 | €2,329,302 | -€101,735 | -4.2% |
| Plant, machinery and equipment | 23 | €14,910 | €7,158 | -€7,752 | -52.0% |
| Furniture and vehicles | 24 | €41,177 | €27,252 | -€13,925 | -33.8% |
| Financial fixed assets | 28 | €607,668 | €613,968 | +€6,300 | +1.0% |
| Current assets | 29/58 | €1,643,803 | €1,408,487 | -€235,316 | -14.3% |
| Stocks and contracts in progress | 3 | €562,633 | €498,117 | -€64,516 | -11.5% |
| Stocks | 30/36 | €562,633 | €498,117 | -€64,516 | -11.5% |
| Amounts receivable within one year | 40/41 | €1,009,900 | €793,926 | -€215,974 | -21.4% |
| Trade receivables | 40 | €845,541 | €630,366 | -€215,175 | -25.4% |
| Other amounts receivable | 41 | €164,358 | €163,559 | -€799 | -0.5% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,576 | €50,328 | +€16,751 | +49.9% |
| Deferred charges and accrued income | 490/1 | €27,695 | €56,117 | +€28,422 | +103% |
| Total equity and liabilities | 10/49 | €4,915,174 | €4,582,147 | -€333,028 | -6.8% |
| Equity | 10/15 | €2,328,175 | €2,026,258 | -€301,918 | -13.0% |
| Contributions | 10/11 | €12,400 | €14,260 | +€1,860 | +15.0% |
| Revaluation surpluses | 12 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €70,860 | €69,000 | -€1,860 | -2.6% |
| Distributable reserves | 133 | €70,860 | €69,000 | -€1,860 | -2.6% |
| Profit (loss) carried forward | 14 | €603,723 | €317,580 | -€286,143 | -47.4% |
| Investment grants | 15 | €141,192 | €125,418 | -€15,774 | -11.2% |
| Amounts payable | 17/49 | €2,586,999 | €2,555,889 | -€31,110 | -1.2% |
| Amounts payable after more than one year | 17 | €561,718 | €422,552 | -€139,166 | -24.8% |
| Financial debts | 170/4 | €561,718 | €422,552 | -€139,166 | -24.8% |
| Amounts payable within one year | 42/48 | €2,004,879 | €2,132,617 | +€127,738 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €224,694 | €163,721 | -€60,973 | -27.1% |
| Financial debts | 43 | €316,074 | €320,256 | +€4,183 | +1.3% |
| Credit institutions | 430/8 | €316,074 | €320,256 | +€4,183 | +1.3% |
| Trade debts | 44 | €544,831 | €653,356 | +€108,525 | +19.9% |
| Suppliers | 440/4 | €544,831 | €653,356 | +€108,525 | +19.9% |
| Advances received on contracts in progress | 46 | €10,143 | - | -€10,143 | |
| Taxes, remuneration and social security | 45 | €896,765 | €890,323 | -€6,441 | -0.7% |
| Taxes | 450/3 | €368,405 | €381,202 | +€12,797 | +3.5% |
| Remuneration and social security | 454/9 | €528,359 | €509,121 | -€19,238 | -3.6% |
| Other amounts payable | 47/48 | €12,373 | €104,961 | +€92,588 | +748% |
| Accrued charges and deferred income | 492/3 | €20,402 | €720 | -€19,682 | -96.5% |
| Non-recurring operating income | 76A | €12,468 | - | -€12,468 | |
| Remuneration, social security and pensions | 62 | €1,532,728 | €1,351,171 | -€181,557 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €171,558 | €187,586 | +€16,028 | +9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,650 | - | -€5,650 | |
| Other operating charges | 640/8 | €33,861 | €66,592 | +€32,731 | +96.7% |
| Operating charges capitalised as restructuring costs | 649 | -€141,244 | - | +€141,244 | |
| Non-recurring operating charges | 66A | €258,103 | - | -€258,103 | |
| Gross operating margin | 9900 | €1,778,618 | €1,484,060 | -€294,558 | -16.6% |
| Operating profit (loss) | 9901 | -€82,039 | -€121,289 | -€39,251 | -47.8% |
| Financial income | 75/76B | €16,730 | €16,052 | -€678 | -4.0% |
| Recurring financial income | 75 | €16,730 | €16,052 | -€678 | -4.0% |
| Financial charges | 65/66B | €168,802 | €178,406 | +€9,604 | +5.7% |
| Recurring financial charges | 65 | €168,802 | €178,406 | +€9,604 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€234,111 | -€283,643 | -€49,532 | -21.2% |
| Income taxes | 67/77 | -€160 | €2,500 | +€2,660 | |
| Profit (loss) for the period | 9904 | -€233,951 | -€286,143 | -€52,193 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€233,951 | -€286,143 | -€52,193 | -22.3% |
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 27 October 2026 via checked.be.