FRIESAM: 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.
FRIESAM
Largest movements
- Tangible fixed assets -€2,861
down €2,861 (-33.5%), from €8,538 to €5,677
- Deferred charges and accrued income +€1,784
up €1,784 (+1682.6%), from €106 to €1,890
- Cash -€1,691
down €1,691 (-5.9%), from €28,641 to €26,950
mainly Contributions, distributions and other (-€11,585) and Tax, wage and social debts (-€2,622)
- Stocks and contracts -€727
down €727 (-10.7%), from €6,780 to €6,053
- Reserves -€4,049
down €4,049 (-15.7%), from €25,739 to €21,690
of which Distributable reserves: -€4,049
- Trade debts +€3,540
up €3,540 (+141.5%), from €2,501 to €6,041
- Tax, wage and social debts -€2,622
down €2,622 (-21.5%), from €12,191 to €9,569
of which Remuneration and social security: -€3,504
- Current portion of long-term debt -€577
no longer reported in 2025 (was €577)
- Gross operating margin -€14,712
down €14,712 (-19.6%), from €75,099 to €60,387
- Staff costs -€7,013
down €7,013 (-13.8%), from €50,871 to €43,858
- Depreciation -€3,259
down €3,259 (-53.2%), from €6,120 to €2,861
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 | €48,140 | €44,454 | -€3,685 | -7.7% |
| Fixed assets | 21/28 | €11,388 | €8,527 | -€2,861 | -25.1% |
| Tangible fixed assets | 22/27 | €8,538 | €5,677 | -€2,861 | -33.5% |
| Plant, machinery and equipment | 23 | €2,024 | €998 | -€1,026 | -50.7% |
| Furniture and vehicles | 24 | €1,014 | €520 | -€494 | -48.7% |
| Other tangible fixed assets | 26 | €5,500 | €4,159 | -€1,341 | -24.4% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €36,752 | €35,927 | -€824 | -2.2% |
| Stocks and contracts in progress | 3 | €6,780 | €6,053 | -€727 | -10.7% |
| Stocks | 30/36 | €6,780 | €6,053 | -€727 | -10.7% |
| Amounts receivable within one year | 40/41 | €1,225 | €1,035 | -€190 | -15.5% |
| Other amounts receivable | 41 | €1,225 | €1,035 | -€190 | -15.5% |
| Cash at bank and in hand | 54/58 | €28,641 | €26,950 | -€1,691 | -5.9% |
| Deferred charges and accrued income | 490/1 | €106 | €1,890 | +€1,784 | +1682.6% |
| Total equity and liabilities | 10/49 | €48,140 | €44,454 | -€3,685 | -7.7% |
| Equity | 10/15 | €31,939 | €27,890 | -€4,049 | -12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,739 | €21,690 | -€4,049 | -15.7% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €25,690 | €21,641 | -€4,049 | -15.8% |
| Amounts payable | 17/49 | €16,200 | €16,564 | +€363 | +2.2% |
| Amounts payable within one year | 42/48 | €16,200 | €16,564 | +€363 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €577 | - | -€577 | |
| Trade debts | 44 | €2,501 | €6,041 | +€3,540 | +141.5% |
| Suppliers | 440/4 | €2,501 | €6,041 | +€3,540 | +141.5% |
| Taxes, remuneration and social security | 45 | €12,191 | €9,569 | -€2,622 | -21.5% |
| Taxes | 450/3 | €6,640 | €7,522 | +€882 | +13.3% |
| Remuneration and social security | 454/9 | €5,551 | €2,048 | -€3,504 | -63.1% |
| Other amounts payable | 47/48 | €931 | €954 | +€23 | +2.4% |
| Remuneration, social security and pensions | 62 | €50,871 | €43,858 | -€7,013 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,120 | €2,861 | -€3,259 | -53.2% |
| Other operating charges | 640/8 | €717 | €1,182 | +€465 | +64.9% |
| Gross operating margin | 9900 | €75,099 | €60,387 | -€14,712 | -19.6% |
| Operating profit (loss) | 9901 | €17,391 | €12,486 | -€4,906 | -28.2% |
| Financial income | 75/76B | €1,149 | €584 | -€565 | -49.2% |
| Recurring financial income | 75 | €1,149 | €584 | -€565 | -49.2% |
| Financial charges | 65/66B | €1,646 | €1,594 | -€51 | -3.1% |
| Recurring financial charges | 65 | €1,646 | €1,594 | -€51 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €16,895 | €11,475 | -€5,420 | -32.1% |
| Income taxes | 67/77 | €4,275 | €3,940 | -€335 | -7.8% |
| Profit (loss) for the period | 9904 | €12,620 | €7,536 | -€5,084 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,620 | €7,536 | -€5,084 | -40.3% |
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 8 October 2026 via checked.be.