FRIENDLY GUYS ASSOCIATED: 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.
FRIENDLY GUYS ASSOCIATED
Largest movements
- Stocks and contracts +€9,917
new in 2024: €9,917
- Cash +€8,379
up €8,379 (+78.6%), from €10,665 to €19,045
mainly Advances received (+€30,000) and Trade debts (+€14,945)
- Tangible fixed assets +€5,714
up €5,714 (+2,644%), from €216 to €5,930
of which Plant, machinery and equipment: +€4,800
- Advances received +€30,000
new in 2024: €30,000
- Debts after one year -€26,814
down €26,814 (-15.6%), from €171,517 to €144,703
- Trade debts +€14,945
up €14,945 (+24.1%), from €62,000 to €76,945
- Profit (loss) carried forward +€4,753
up €4,753 (+7.0%), from €67,522 to €72,275
- Turnover +€24,600
up €24,600 (+22.1%), from €111,200 to €135,800
- Purchases and services +€23,230
up €23,230 (+41.6%), from €55,901 to €79,131
- Financial charges +€1,953
up €1,953 (+7.4%), from €26,432 to €28,385
of which Financial charges: +€21,301
- Gross operating margin +€1,370
up €1,370 (+2.5%), from €55,299 to €56,669
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €398,048 | €420,969 | +€22,920 | +5.8% |
| Fixed assets | 21/28 | €216 | €5,930 | +€5,714 | +2,644% |
| Tangible fixed assets | 22/27 | €216 | €5,930 | +€5,714 | +2,644% |
| Plant, machinery and equipment | 23 | - | €4,800 | +€4,800 | |
| Furniture and vehicles | 24 | €216 | €1,130 | +€914 | +423% |
| Current assets | 29/58 | €397,832 | €415,039 | +€17,206 | +4.3% |
| Stocks and contracts in progress | 3 | - | €9,917 | +€9,917 | |
| Stocks | 30/36 | - | €9,917 | +€9,917 | |
| Amounts receivable within one year | 40/41 | €87,167 | €86,077 | -€1,090 | -1.3% |
| Trade receivables | 40 | €69,721 | €67,321 | -€2,400 | -3.4% |
| Other amounts receivable | 41 | €17,446 | €18,755 | +€1,310 | +7.5% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,665 | €19,045 | +€8,379 | +78.6% |
| Total equity and liabilities | 10/49 | €398,048 | €420,969 | +€22,920 | +5.8% |
| Equity | 10/15 | €115,636 | €120,389 | +€4,753 | +4.1% |
| Contributions | 10/11 | €44,789 | €44,789 | = | 0.0% |
| Capital | 10 | €44,789 | €44,789 | = | 0.0% |
| Issued capital | 100 | €44,789 | €44,789 | = | 0.0% |
| Reserves | 13 | €3,325 | €3,325 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,325 | €3,325 | = | 0.0% |
| Legal reserve | 130 | €3,325 | €3,325 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,522 | €72,275 | +€4,753 | +7.0% |
| Amounts payable | 17/49 | €282,412 | €300,580 | +€18,168 | +6.4% |
| Amounts payable after more than one year | 17 | €171,517 | €144,703 | -€26,814 | -15.6% |
| Financial debts | 170/4 | €171,517 | €144,703 | -€26,814 | -15.6% |
| Amounts payable within one year | 42/48 | €110,895 | €155,877 | +€44,982 | +40.6% |
| Financial debts | 43 | €27,025 | €26,814 | -€210 | -0.8% |
| Credit institutions | 430/8 | €27,025 | €26,814 | -€210 | -0.8% |
| Trade debts | 44 | €62,000 | €76,945 | +€14,945 | +24.1% |
| Suppliers | 440/4 | €62,000 | €76,945 | +€14,945 | +24.1% |
| Advances received on contracts in progress | 46 | - | €30,000 | +€30,000 | |
| Taxes, remuneration and social security | 45 | €1,362 | €1,382 | +€20 | +1.5% |
| Remuneration and social security | 454/9 | €1,362 | €1,382 | +€20 | +1.5% |
| Other amounts payable | 47/48 | €20,510 | €20,736 | +€227 | +1.1% |
| Turnover | 70 | €111,200 | €135,800 | +€24,600 | +22.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €55,901 | €79,131 | +€23,230 | +41.6% |
| Remuneration, social security and pensions | 62 | €21,085 | €20,818 | -€267 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,078 | €1,767 | +€689 | +63.9% |
| Other operating charges | 640/8 | €1,547 | €947 | -€600 | -38.8% |
| Gross operating margin | 9900 | €55,299 | €56,669 | +€1,370 | +2.5% |
| Operating profit (loss) | 9901 | €31,590 | €33,138 | +€1,548 | +4.9% |
| Financial charges | 65/66B | €26,432 | €28,385 | +€1,953 | +7.4% |
| Recurring financial charges | 65 | €7,084 | €28,385 | +€21,301 | +301% |
| Non-recurring financial charges | 66B | €19,348 | - | -€19,348 | |
| Profit (loss) for the period before taxes | 9903 | €5,158 | €4,753 | -€405 | -7.9% |
| Profit (loss) for the period | 9904 | €5,158 | €4,753 | -€405 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,158 | €4,753 | -€405 | -7.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.