FRIET VAN MECHELEN: 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.
FRIET VAN MECHELEN
Largest movements
- Tangible fixed assets -€17,747
down €17,747 (-36.5%), from €48,638 to €30,891
of which Plant, machinery and equipment: -€17,100
- Cash +€10,308
up €10,308 (+13.5%), from €76,298 to €86,606
mainly Depreciation (+€20,350) and Other debts (+€5,485)
- Stocks and contracts +€3,447
new in 2025: €3,447
- Receivables within one year -€1,809
down €1,809 (-51.9%), from €3,484 to €1,675
- Deferred charges and accrued income +€1,773
up €1,773 (+285%), from €621 to €2,394
- Tax, wage and social debts -€9,448
down €9,448 (-37.9%), from €24,907 to €15,459
of which Taxes: -€7,723
- Debts after one year -€9,260
down €9,260 (-23.6%), from €39,197 to €29,937
- Other debts +€5,485
up €5,485 (+48.4%), from €11,323 to €16,808
- Reserves +€4,860
up €4,860 (+17.2%), from €28,201 to €33,061
- Trade debts +€4,157
up €4,157 (+45.3%), from €9,171 to €13,328
- Gross operating margin -€38,622
down €38,622 (-40.5%), from €95,375 to €56,753
- Staff costs -€10,474
down €10,474 (-30.5%), from €34,329 to €23,855
- Taxes -€7,704
down €7,704 (-78.2%), from €9,852 to €2,147
- Financial income -€2,884
no longer reported in 2025 (was €2,884)
- Depreciation -€1,023
down €1,023 (-4.8%), from €21,373 to €20,350
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 | €129,041 | €125,013 | -€4,028 | -3.1% |
| Fixed assets | 21/28 | €48,638 | €30,891 | -€17,747 | -36.5% |
| Tangible fixed assets | 22/27 | €48,638 | €30,891 | -€17,747 | -36.5% |
| Plant, machinery and equipment | 23 | €40,914 | €23,814 | -€17,100 | -41.8% |
| Furniture and vehicles | 24 | €7,724 | €7,077 | -€647 | -8.4% |
| Current assets | 29/58 | €80,403 | €94,121 | +€13,718 | +17.1% |
| Stocks and contracts in progress | 3 | - | €3,447 | +€3,447 | |
| Stocks | 30/36 | - | €3,447 | +€3,447 | |
| Amounts receivable within one year | 40/41 | €3,484 | €1,675 | -€1,809 | -51.9% |
| Other amounts receivable | 41 | €3,484 | €1,675 | -€1,809 | -51.9% |
| Cash at bank and in hand | 54/58 | €76,298 | €86,606 | +€10,308 | +13.5% |
| Deferred charges and accrued income | 490/1 | €621 | €2,394 | +€1,773 | +285% |
| Total equity and liabilities | 10/49 | €129,041 | €125,013 | -€4,028 | -3.1% |
| Equity | 10/15 | €33,201 | €38,061 | +€4,860 | +14.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,201 | €33,061 | +€4,860 | +17.2% |
| Distributable reserves | 133 | €28,201 | €33,061 | +€4,860 | +17.2% |
| Amounts payable | 17/49 | €95,840 | €86,952 | -€8,888 | -9.3% |
| Amounts payable after more than one year | 17 | €39,197 | €29,937 | -€9,260 | -23.6% |
| Financial debts | 170/4 | €39,197 | €29,937 | -€9,260 | -23.6% |
| Amounts payable within one year | 42/48 | €54,323 | €54,855 | +€532 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €8,922 | €9,260 | +€338 | +3.8% |
| Trade debts | 44 | €9,171 | €13,328 | +€4,157 | +45.3% |
| Suppliers | 440/4 | €9,171 | €13,328 | +€4,157 | +45.3% |
| Taxes, remuneration and social security | 45 | €24,907 | €15,459 | -€9,448 | -37.9% |
| Taxes | 450/3 | €15,772 | €8,049 | -€7,723 | -49.0% |
| Remuneration and social security | 454/9 | €9,135 | €7,410 | -€1,725 | -18.9% |
| Other amounts payable | 47/48 | €11,323 | €16,808 | +€5,485 | +48.4% |
| Accrued charges and deferred income | 492/3 | €2,320 | €2,160 | -€160 | -6.9% |
| Remuneration, social security and pensions | 62 | €34,329 | €23,855 | -€10,474 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,373 | €20,350 | -€1,023 | -4.8% |
| Other operating charges | 640/8 | €1,626 | €1,952 | +€325 | +20.0% |
| Gross operating margin | 9900 | €95,375 | €56,753 | -€38,622 | -40.5% |
| Operating profit (loss) | 9901 | €38,047 | €10,596 | -€27,450 | -72.1% |
| Financial income | 75/76B | €2,884 | - | -€2,884 | |
| Recurring financial income | 75 | €2,884 | - | -€2,884 | |
| Financial charges | 65/66B | €2,877 | €3,590 | +€712 | +24.8% |
| Recurring financial charges | 65 | €2,877 | €3,590 | +€712 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €38,053 | €7,007 | -€31,046 | -81.6% |
| Income taxes | 67/77 | €9,852 | €2,147 | -€7,704 | -78.2% |
| Profit (loss) for the period | 9904 | €28,201 | €4,860 | -€23,342 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,201 | €4,860 | -€23,342 | -82.8% |
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 24 October 2026 via checked.be.