FRIET & ZO: 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 & ZO
Largest movements
- Receivables within one year +€11,453
up €11,453 (+41.2%), from €27,776 to €39,230
- Tangible fixed assets -€7,201
down €7,201 (-39.1%), from €18,402 to €11,202
- Debts after one year -€10,851
down €10,851 (-43.4%), from €25,000 to €14,149
- Profit (loss) carried forward +€7,563
up €7,563 (+57.5%), from €13,157 to €20,720
- Current portion of long-term debt +€5,026
new in 2021: €5,026
- Accrued charges and deferred income +€2,250
new in 2021: €2,250
- Gross operating margin -€7,687
down €7,687 (-28.9%), from €26,609 to €18,921
- Taxes -€5,852
no longer reported in 2021 (was €5,852)
- Financial charges +€3,331
new in 2021: €3,331
- Other operating charges +€827
new in 2021: €827
- Depreciation -€400
down €400 (-5.3%), from €7,600 to €7,201
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,008 | €52,848 | +€3,840 | +7.8% |
| Fixed assets | 21/28 | €18,402 | €11,202 | -€7,201 | -39.1% |
| Tangible fixed assets | 22/27 | €18,402 | €11,202 | -€7,201 | -39.1% |
| Plant, machinery and equipment | 23 | €18,402 | €11,202 | -€7,201 | -39.1% |
| Current assets | 29/58 | €30,606 | €41,646 | +€11,040 | +36.1% |
| Stocks and contracts in progress | 3 | €1,820 | €1,820 | = | 0.0% |
| Stocks | 30/36 | €1,820 | €1,820 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €27,776 | €39,230 | +€11,453 | +41.2% |
| Other amounts receivable | 41 | €27,776 | €39,230 | +€11,453 | +41.2% |
| Cash at bank and in hand | 54/58 | €1,010 | €597 | -€413 | -40.9% |
| Total equity and liabilities | 10/49 | €49,008 | €52,848 | +€3,840 | +7.8% |
| Equity | 10/15 | €18,157 | €25,720 | +€7,563 | +41.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,157 | €20,720 | +€7,563 | +57.5% |
| Amounts payable | 17/49 | €30,852 | €27,128 | -€3,723 | -12.1% |
| Amounts payable after more than one year | 17 | €25,000 | €14,149 | -€10,851 | -43.4% |
| Financial debts | 170/4 | €25,000 | €14,149 | -€10,851 | -43.4% |
| Amounts payable within one year | 42/48 | €5,852 | €10,729 | +€4,877 | +83.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,026 | +€5,026 | |
| Taxes, remuneration and social security | 45 | €5,852 | €5,703 | -€149 | -2.5% |
| Taxes | 450/3 | €5,852 | €5,703 | -€149 | -2.5% |
| Accrued charges and deferred income | 492/3 | - | €2,250 | +€2,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,600 | €7,201 | -€400 | -5.3% |
| Other operating charges | 640/8 | - | €827 | +€827 | |
| Gross operating margin | 9900 | €26,609 | €18,921 | -€7,687 | -28.9% |
| Operating profit (loss) | 9901 | €19,008 | €10,894 | -€8,115 | -42.7% |
| Financial charges | 65/66B | - | €3,331 | +€3,331 | |
| Recurring financial charges | 65 | - | €3,331 | +€3,331 | |
| Profit (loss) for the period before taxes | 9903 | €19,008 | €7,563 | -€11,445 | -60.2% |
| Income taxes | 67/77 | €5,852 | - | -€5,852 | |
| Profit (loss) for the period | 9904 | €13,157 | €7,563 | -€5,594 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,157 | €7,563 | -€5,594 | -42.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.