FRIET SEBIET: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
FRIET SEBIET
Largest movements
- Cash +€29,662
up €29,662 (+21.6%), from €137,572 to €167,234
mainly Net result for the year (+€233,064) and Depreciation (+€47,241)
- Intangible fixed assets -€19,200
down €19,200 (-28.6%), from €67,200 to €48,000
- Tangible fixed assets -€12,847
down €12,847 (-10.5%), from €122,093 to €109,246
of which Plant, machinery and equipment: -€18,785
- Receivables within one year -€7,504
down €7,504 (-53.4%), from €14,040 to €6,537
of which Trade receivables: -€7,525
- Other debts +€27,176
up €27,176 (+10.5%), from €257,834 to €285,010
- Profit (loss) carried forward -€16,936
down €16,936 (-9.7%), from €174,014 to €157,078
- Accrued charges and deferred income -€8,725
down €8,725 (-43.8%), from €19,901 to €11,176
- Tax, wage and social debts +€5,946
up €5,946 (+288%), from €2,063 to €8,009
- Current portion of long-term debt -€5,911
down €5,911 (-58.0%), from €10,197 to €4,286
- Gross operating margin +€27,682
up €27,682 (+6.6%), from €420,578 to €448,260
- Taxes +€8,832
up €8,832 (+13.7%), from €64,339 to €73,171
- Financial income +€4,483
up €4,483 (+803%), from €559 to €5,042
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,482 | €497,729 | -€7,753 | -1.5% |
| Fixed assets | 21/28 | €189,293 | €157,246 | -€32,047 | -16.9% |
| Intangible fixed assets | 21 | €67,200 | €48,000 | -€19,200 | -28.6% |
| Tangible fixed assets | 22/27 | €122,093 | €109,246 | -€12,847 | -10.5% |
| Plant, machinery and equipment | 23 | €88,741 | €69,956 | -€18,785 | -21.2% |
| Furniture and vehicles | 24 | €27,402 | €33,223 | +€5,821 | +21.2% |
| Other tangible fixed assets | 26 | €5,950 | €6,067 | +€117 | +2.0% |
| Current assets | 29/58 | €316,189 | €340,483 | +€24,294 | +7.7% |
| Stocks and contracts in progress | 3 | €12,236 | €13,905 | +€1,669 | +13.6% |
| Stocks | 30/36 | €12,236 | €13,905 | +€1,669 | +13.6% |
| Amounts receivable within one year | 40/41 | €14,040 | €6,537 | -€7,504 | -53.4% |
| Trade receivables | 40 | €14,040 | €6,515 | -€7,525 | -53.6% |
| Other amounts receivable | 41 | - | €21 | +€21 | |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €137,572 | €167,234 | +€29,662 | +21.6% |
| Deferred charges and accrued income | 490/1 | €2,341 | €2,808 | +€467 | +20.0% |
| Total equity and liabilities | 10/49 | €505,482 | €497,729 | -€7,753 | -1.5% |
| Equity | 10/15 | €192,614 | €175,678 | -€16,936 | -8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,014 | €157,078 | -€16,936 | -9.7% |
| Amounts payable | 17/49 | €312,869 | €322,051 | +€9,183 | +2.9% |
| Amounts payable after more than one year | 17 | €4,286 | - | -€4,286 | |
| Financial debts | 170/4 | €4,286 | - | -€4,286 | |
| Amounts payable within one year | 42/48 | €288,681 | €310,876 | +€22,194 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €10,197 | €4,286 | -€5,911 | -58.0% |
| Trade debts | 44 | €18,587 | €13,570 | -€5,017 | -27.0% |
| Suppliers | 440/4 | €18,587 | €13,570 | -€5,017 | -27.0% |
| Taxes, remuneration and social security | 45 | €2,063 | €8,009 | +€5,946 | +288% |
| Taxes | 450/3 | €2,063 | €8,009 | +€5,946 | +288% |
| Other amounts payable | 47/48 | €257,834 | €285,010 | +€27,176 | +10.5% |
| Accrued charges and deferred income | 492/3 | €19,901 | €11,176 | -€8,725 | -43.8% |
| Remuneration, social security and pensions | 62 | €98,955 | €95,466 | -€3,489 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,944 | €47,241 | -€3,703 | -7.3% |
| Other operating charges | 640/8 | €1,655 | €1,706 | +€51 | +3.1% |
| Gross operating margin | 9900 | €420,578 | €448,260 | +€27,682 | +6.6% |
| Operating profit (loss) | 9901 | €269,024 | €303,848 | +€34,823 | +12.9% |
| Financial income | 75/76B | €559 | €5,042 | +€4,483 | +803% |
| Recurring financial income | 75 | €559 | €5,042 | +€4,483 | +803% |
| Financial charges | 65/66B | €2,875 | €2,654 | -€221 | -7.7% |
| Recurring financial charges | 65 | €2,875 | €2,654 | -€221 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €266,708 | €306,235 | +€39,527 | +14.8% |
| Income taxes | 67/77 | €64,339 | €73,171 | +€8,832 | +13.7% |
| Profit (loss) for the period | 9904 | €202,368 | €233,064 | +€30,696 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €202,368 | €233,064 | +€30,696 | +15.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.