FRIE: 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.
FRIE
Largest movements
- Receivables after one year -€17,103
down €17,103 (-9.1%), from €188,130 to €171,027
- Receivables within one year +€16,317
up €16,317 (+292.4%), from €5,580 to €21,897
- Cash -€2,476
down €2,476 (-73.0%), from €3,391 to €915
mainly Other debts (-€45,087) and Receivables within one year (-€16,317)
- Other debts -€45,087
down €45,087 (-99.2%), from €45,436 to €348
- Reserves +€20,176
up €20,176 (+15.9%), from €126,865 to €147,041
- Short-term financial debts +€15,566
up €15,566 (+460.1%), from €3,383 to €18,949
- Current portion of long-term debt +€3,369
up €3,369, from €0 to €3,369
- Gross operating margin +€5,869
up €5,869 (+29.4%), from €19,935 to €25,804
- Taxes +€1,782
up €1,782 (+26.6%), from €6,705 to €8,488
- Financial income -€455
down €455 (-8.4%), from €5,442 to €4,987
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 | €202,695 | €197,846 | -€4,849 | -2.4% |
| Current assets | 29/58 | €202,695 | €197,846 | -€4,849 | -2.4% |
| Amounts receivable after more than one year | 29 | €188,130 | €171,027 | -€17,103 | -9.1% |
| Other amounts receivable | 291 | €188,130 | €171,027 | -€17,103 | -9.1% |
| Amounts receivable within one year | 40/41 | €5,580 | €21,897 | +€16,317 | +292.4% |
| Other amounts receivable | 41 | €5,580 | €21,897 | +€16,317 | +292.4% |
| Cash at bank and in hand | 54/58 | €3,391 | €915 | -€2,476 | -73.0% |
| Deferred charges and accrued income | 490/1 | €5,594 | €4,007 | -€1,587 | -28.4% |
| Total equity and liabilities | 10/49 | €202,695 | €197,846 | -€4,849 | -2.4% |
| Equity | 10/15 | €139,265 | €159,441 | +€20,176 | +14.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €126,865 | €147,041 | +€20,176 | +15.9% |
| Distributable reserves | 133 | €126,865 | €147,041 | +€20,176 | +15.9% |
| Amounts payable | 17/49 | €63,430 | €38,406 | -€25,025 | -39.5% |
| Amounts payable within one year | 42/48 | €63,430 | €38,406 | -€25,025 | -39.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €3,369 | +€3,369 | |
| Financial debts | 43 | €3,383 | €18,949 | +€15,566 | +460.1% |
| Credit institutions | 430/8 | €3,383 | €18,949 | +€15,566 | +460.1% |
| Trade debts | 44 | €7,536 | €8,310 | +€774 | +10.3% |
| Suppliers | 440/4 | €7,536 | €8,310 | +€774 | +10.3% |
| Taxes, remuneration and social security | 45 | €7,075 | €7,429 | +€354 | +5.0% |
| Taxes | 450/3 | €7,075 | €7,429 | +€354 | +5.0% |
| Other amounts payable | 47/48 | €45,436 | €348 | -€45,087 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €607 | €483 | -€125 | -20.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €19,935 | €25,804 | +€5,869 | +29.4% |
| Operating profit (loss) | 9901 | €19,327 | €25,321 | +€5,994 | +31.0% |
| Financial income | 75/76B | €5,442 | €4,987 | -€455 | -8.4% |
| Recurring financial income | 75 | €5,442 | €4,987 | -€455 | -8.4% |
| Financial charges | 65/66B | €1,810 | €1,645 | -€165 | -9.1% |
| Recurring financial charges | 65 | €1,810 | €1,645 | -€165 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €22,959 | €28,664 | +€5,705 | +24.8% |
| Income taxes | 67/77 | €6,705 | €8,488 | +€1,782 | +26.6% |
| Profit (loss) for the period | 9904 | €16,253 | €20,176 | +€3,922 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,253 | €20,176 | +€3,922 | +24.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.