FRIEBARA: 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.
FRIEBARA
Largest movements
- Tangible fixed assets +€53,084
up €53,084 (+54.8%), from €96,890 to €149,974
of which Land and buildings: +€72,227
- Receivables within one year +€16,049
up €16,049 (+78.3%), from €20,496 to €36,545
of which Other amounts receivable: +€17,681
- Profit (loss) carried forward +€285,763
up €285,763 (+87.3%), from -€327,216 to -€41,453
- Contributions -€257,216
down €257,216 (-61.4%), from €418,600 to €161,384
- Other debts +€65,914
up €65,914 (+18.7%), from €351,724 to €417,637
- Trade debts -€23,543
down €23,543 (-44.2%), from €53,323 to €29,781
- Gross operating margin -€76,772
down €76,772, from €71,952 to -€4,820
- Depreciation +€2,821
up €2,821 (+8.5%), from €33,223 to €36,044
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 | €517,427 | €586,622 | +€69,195 | +13.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €496,890 | €549,974 | +€53,084 | +10.7% |
| Tangible fixed assets | 22/27 | €96,890 | €149,974 | +€53,084 | +54.8% |
| Land and buildings | 22 | - | €72,227 | +€72,227 | |
| Plant, machinery and equipment | 23 | €96,890 | €77,747 | -€19,143 | -19.8% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €20,537 | €36,648 | +€16,111 | +78.4% |
| Amounts receivable within one year | 40/41 | €20,496 | €36,545 | +€16,049 | +78.3% |
| Trade receivables | 40 | €2,996 | €1,364 | -€1,632 | -54.5% |
| Other amounts receivable | 41 | €17,500 | €35,181 | +€17,681 | +101.0% |
| Cash at bank and in hand | 54/58 | €41 | €103 | +€62 | +150.5% |
| Total equity and liabilities | 10/49 | €517,427 | €586,622 | +€69,195 | +13.4% |
| Equity | 10/15 | €91,432 | €119,979 | +€28,547 | +31.2% |
| Contributions | 10/11 | €418,600 | €161,384 | -€257,216 | -61.4% |
| Reserves | 13 | €48 | €48 | = | 0.0% |
| Distributable reserves | 133 | €48 | €48 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€327,216 | -€41,453 | +€285,763 | +87.3% |
| Amounts payable | 17/49 | €425,995 | €466,643 | +€40,648 | +9.5% |
| Amounts payable after more than one year | 17 | €18,600 | €18,600 | = | 0.0% |
| Financial debts | 170/4 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €407,395 | €448,043 | +€40,648 | +10.0% |
| Trade debts | 44 | €53,323 | €29,781 | -€23,543 | -44.2% |
| Suppliers | 440/4 | €53,323 | €29,781 | -€23,543 | -44.2% |
| Advances received on contracts in progress | 46 | €1,500 | €625 | -€875 | -58.3% |
| Taxes, remuneration and social security | 45 | €848 | - | -€848 | |
| Taxes | 450/3 | €848 | - | -€848 | |
| Other amounts payable | 47/48 | €351,724 | €417,637 | +€65,914 | +18.7% |
| Non-recurring operating income | 76A | €74,705 | - | -€74,705 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,223 | €36,044 | +€2,821 | +8.5% |
| Gross operating margin | 9900 | €71,952 | -€4,820 | -€76,772 | |
| Operating profit (loss) | 9901 | €38,729 | -€40,863 | -€79,593 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €453 | €590 | +€136 | +30.1% |
| Recurring financial charges | 65 | €453 | €590 | +€136 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €38,280 | -€41,453 | -€79,734 | |
| Profit (loss) for the period | 9904 | €38,280 | -€41,453 | -€79,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,280 | -€41,453 | -€79,734 |
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 30 September 2026 via checked.be.