FRIER: 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.
FRIER
Largest movements
- Tangible fixed assets +€48,751
up €48,751 (+114.8%), from €42,451 to €91,202
of which Furniture and vehicles: +€56,877
- Receivables after one year +€5,000
new in 2025: €5,000
- Receivables within one year +€2,930
up €2,930 (+18.7%), from €15,658 to €18,588
of which Trade receivables: +€8,006
- Cash +€2,691
up €2,691 (+237.8%), from €1,132 to €3,822
mainly Depreciation (+€22,428) and Debts after one year (+€21,065)
- Deferred charges and accrued income -€1,961
no longer reported in 2025 (was €1,961)
- Debts after one year +€21,065
up €21,065 (+97.3%), from €21,654 to €42,719
- Current portion of long-term debt +€16,987
up €16,987 (+142.7%), from €11,905 to €28,892
- Reserves +€12,044
up €12,044 (+62.7%), from €19,207 to €31,250
of which Distributable reserves: +€14,052
- Trade debts +€5,153
up €5,153 (+94.1%), from €5,478 to €10,631
- Gross operating margin +€14,763
up €14,763 (+49.1%), from €30,059 to €44,823
- Depreciation +€5,462
up €5,462 (+32.2%), from €16,967 to €22,428
- Taxes +€4,855
new in 2025: €4,855
- Financial charges +€1,026
up €1,026 (+34.8%), from €2,949 to €3,975
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 | €61,202 | €118,612 | +€57,410 | +93.8% |
| Fixed assets | 21/28 | €42,451 | €91,202 | +€48,751 | +114.8% |
| Tangible fixed assets | 22/27 | €42,451 | €91,202 | +€48,751 | +114.8% |
| Plant, machinery and equipment | 23 | €343 | €167 | -€176 | -51.3% |
| Furniture and vehicles | 24 | €14,338 | €71,214 | +€56,877 | +396.7% |
| Leasing and similar rights | 25 | €27,771 | €19,821 | -€7,950 | -28.6% |
| Current assets | 29/58 | €18,751 | €27,410 | +€8,659 | +46.2% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €15,658 | €18,588 | +€2,930 | +18.7% |
| Trade receivables | 40 | €6,954 | €14,960 | +€8,006 | +115.1% |
| Other amounts receivable | 41 | €8,704 | €3,628 | -€5,076 | -58.3% |
| Cash at bank and in hand | 54/58 | €1,132 | €3,822 | +€2,691 | +237.8% |
| Deferred charges and accrued income | 490/1 | €1,961 | - | -€1,961 | |
| Total equity and liabilities | 10/49 | €61,202 | €118,612 | +€57,410 | +93.8% |
| Equity | 10/15 | €20,316 | €33,250 | +€12,935 | +63.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,207 | €31,250 | +€12,044 | +62.7% |
| Non-distributable reserves | 130/1 | €2,008 | - | -€2,008 | |
| Reserves not available under the articles | 1311 | €2,008 | - | -€2,008 | |
| Distributable reserves | 133 | €17,198 | €31,250 | +€14,052 | +81.7% |
| Profit (loss) carried forward | 14 | -€891 | - | +€891 | |
| Amounts payable | 17/49 | €40,886 | €85,362 | +€44,475 | +108.8% |
| Amounts payable after more than one year | 17 | €21,654 | €42,719 | +€21,065 | +97.3% |
| Financial debts | 170/4 | €21,654 | €42,719 | +€21,065 | +97.3% |
| Amounts payable within one year | 42/48 | €19,232 | €42,642 | +€23,411 | +121.7% |
| Current portion of amounts payable after more than one year | 42 | €11,905 | €28,892 | +€16,987 | +142.7% |
| Trade debts | 44 | €5,478 | €10,631 | +€5,153 | +94.1% |
| Suppliers | 440/4 | €5,478 | €10,631 | +€5,153 | +94.1% |
| Taxes, remuneration and social security | 45 | €1,767 | €2,767 | +€1,000 | +56.6% |
| Remuneration and social security | 454/9 | €1,767 | €2,767 | +€1,000 | +56.6% |
| Other amounts payable | 47/48 | €82 | €352 | +€270 | +328.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,967 | €22,428 | +€5,462 | +32.2% |
| Other operating charges | 640/8 | €678 | €762 | +€84 | +12.3% |
| Gross operating margin | 9900 | €30,059 | €44,823 | +€14,763 | +49.1% |
| Operating profit (loss) | 9901 | €12,414 | €21,632 | +€9,218 | +74.3% |
| Financial income | 75/76B | €23 | €131 | +€108 | +470.5% |
| Recurring financial income | 75 | €23 | €131 | +€108 | +470.5% |
| Financial charges | 65/66B | €2,949 | €3,975 | +€1,026 | +34.8% |
| Recurring financial charges | 65 | €2,949 | €3,975 | +€1,026 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €9,489 | €17,789 | +€8,301 | +87.5% |
| Income taxes | 67/77 | - | €4,855 | +€4,855 | |
| Profit (loss) for the period | 9904 | €9,489 | €12,935 | +€3,446 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,489 | €12,935 | +€3,446 | +36.3% |
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 11 October 2026 via checked.be.