FRIENDSHIP: 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.
FRIENDSHIP
Largest movements
- Receivables within one year -€18,067
down €18,067 (-66.6%), from €27,121 to €9,054
of which Trade receivables: -€17,644
- Stocks and contracts +€1,309
up €1,309 (+2.8%), from €47,255 to €48,564
- Trade debts -€15,184
no longer reported in 2025 (was €15,184)
- Profit (loss) carried forward -€4,738
down €4,738 (-7.0%), from -€68,124 to -€72,862
- Other debts +€4,374
up €4,374 (+4.2%), from €105,213 to €109,587
- Tax, wage and social debts -€1,093
down €1,093 (-38.2%), from €2,862 to €1,769
- Financial charges -€2,168
down €2,168 (-83.7%), from €2,591 to €423
- Other operating charges -€531
down €531 (-56.6%), from €937 to €406
- Gross operating margin +€121
up €121 (+3.0%), from -€4,029 to -€3,908
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,587 | €58,946 | -€16,641 | -22.0% |
| Fixed assets | 21/28 | €968 | €968 | = | 0.0% |
| Financial fixed assets | 28 | €968 | €968 | = | 0.0% |
| Current assets | 29/58 | €74,619 | €57,978 | -€16,641 | -22.3% |
| Stocks and contracts in progress | 3 | €47,255 | €48,564 | +€1,309 | +2.8% |
| Stocks | 30/36 | €47,255 | €48,564 | +€1,309 | +2.8% |
| Amounts receivable within one year | 40/41 | €27,121 | €9,054 | -€18,067 | -66.6% |
| Trade receivables | 40 | €26,698 | €9,054 | -€17,644 | -66.1% |
| Other amounts receivable | 41 | €423 | - | -€423 | |
| Cash at bank and in hand | 54/58 | €219 | €360 | +€140 | +64.0% |
| Deferred charges and accrued income | 490/1 | €24 | - | -€24 | |
| Total equity and liabilities | 10/49 | €75,587 | €58,946 | -€16,641 | -22.0% |
| Equity | 10/15 | -€47,673 | -€52,410 | -€4,738 | -9.9% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,701 | €1,701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,701 | €1,701 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,701 | €1,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,124 | -€72,862 | -€4,738 | -7.0% |
| Amounts payable | 17/49 | €123,259 | €111,356 | -€11,903 | -9.7% |
| Amounts payable within one year | 42/48 | €123,259 | €111,356 | -€11,903 | -9.7% |
| Trade debts | 44 | €15,184 | - | -€15,184 | |
| Suppliers | 440/4 | €15,184 | - | -€15,184 | |
| Taxes, remuneration and social security | 45 | €2,862 | €1,769 | -€1,093 | -38.2% |
| Taxes | 450/3 | €2,862 | €1,769 | -€1,093 | -38.2% |
| Other amounts payable | 47/48 | €105,213 | €109,587 | +€4,374 | +4.2% |
| Other operating charges | 640/8 | €937 | €406 | -€531 | -56.6% |
| Gross operating margin | 9900 | -€4,029 | -€3,908 | +€121 | +3.0% |
| Operating profit (loss) | 9901 | -€4,967 | -€4,315 | +€652 | +13.1% |
| Financial charges | 65/66B | €2,591 | €423 | -€2,168 | -83.7% |
| Recurring financial charges | 65 | €2,591 | €423 | -€2,168 | -83.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,558 | -€4,738 | +€2,820 | +37.3% |
| Profit (loss) for the period | 9904 | -€7,558 | -€4,738 | +€2,820 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,558 | -€4,738 | +€2,820 | +37.3% |
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 14 October 2026 via checked.be.