FRIEMA: 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.
FRIEMA
Largest movements
- Cash +€55,472
up €55,472 (+23.6%), from €234,807 to €290,279
mainly Depreciation (+€28,344) and Net result for the year (+€19,958)
- Tangible fixed assets -€28,344
down €28,344 (-2.7%), from €1.1m to €1.0m
- Reserves +€18,292
up €18,292 (+23.7%), from €77,025 to €95,317
- Other operating charges +€2,038
up €2,038 (+45.3%), from €4,504 to €6,542
- Gross operating margin +€1,610
up €1,610 (+2.3%), from €70,346 to €71,956
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 | €1,293,583 | €1,317,365 | +€23,782 | +1.8% |
| Fixed assets | 21/28 | €1,052,226 | €1,023,882 | -€28,344 | -2.7% |
| Tangible fixed assets | 22/27 | €1,052,226 | €1,023,882 | -€28,344 | -2.7% |
| Land and buildings | 22 | €1,052,226 | €1,023,882 | -€28,344 | -2.7% |
| Current assets | 29/58 | €241,357 | €293,482 | +€52,126 | +21.6% |
| Amounts receivable within one year | 40/41 | €6,550 | €2,987 | -€3,562 | -54.4% |
| Other amounts receivable | 41 | €6,550 | €2,987 | -€3,562 | -54.4% |
| Cash at bank and in hand | 54/58 | €234,807 | €290,279 | +€55,472 | +23.6% |
| Deferred charges and accrued income | 490/1 | - | €216 | +€216 | |
| Total equity and liabilities | 10/49 | €1,293,583 | €1,317,365 | +€23,782 | +1.8% |
| Equity | 10/15 | €1,144,095 | €1,162,387 | +€18,292 | +1.6% |
| Contributions | 10/11 | €1,067,070 | €1,067,070 | = | 0.0% |
| Reserves | 13 | €77,025 | €95,317 | +€18,292 | +23.7% |
| Distributable reserves | 133 | €77,025 | €95,317 | +€18,292 | +23.7% |
| Amounts payable | 17/49 | €149,488 | €154,977 | +€5,489 | +3.7% |
| Amounts payable after more than one year | 17 | €109,400 | €109,400 | = | 0.0% |
| Other amounts payable | 178/9 | €109,400 | €109,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,088 | €45,577 | +€5,489 | +13.7% |
| Trade debts | 44 | €119 | - | -€119 | |
| Suppliers | 440/4 | €119 | - | -€119 | |
| Taxes, remuneration and social security | 45 | €5,700 | €3,342 | -€2,358 | -41.4% |
| Taxes | 450/3 | €5,700 | €3,342 | -€2,358 | -41.4% |
| Other amounts payable | 47/48 | €34,269 | €42,235 | +€7,966 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,344 | €28,344 | = | 0.0% |
| Other operating charges | 640/8 | €4,504 | €6,542 | +€2,038 | +45.3% |
| Gross operating margin | 9900 | €70,346 | €71,956 | +€1,610 | +2.3% |
| Operating profit (loss) | 9901 | €37,498 | €37,070 | -€428 | -1.1% |
| Financial charges | 65/66B | €10,817 | €10,099 | -€718 | -6.6% |
| Recurring financial charges | 65 | €10,817 | €10,099 | -€718 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €26,681 | €26,971 | +€290 | +1.1% |
| Income taxes | 67/77 | €6,940 | €7,013 | +€73 | +1.0% |
| Profit (loss) for the period | 9904 | €19,741 | €19,958 | +€218 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,741 | €19,958 | +€218 | +1.1% |
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 5 October 2026 via checked.be.