FRIETBROERS: 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.
FRIETBROERS
Largest movements
- Cash +€21,524
up €21,524 (+1,117%), from €1,927 to €23,451
mainly Net result for the year (+€55,173) and Trade debts (+€17,730)
- Receivables within one year +€20,903
up €20,903 (+98.0%), from €21,328 to €42,231
of which Trade receivables: +€19,781
- Reserves +€55,500
up €55,500 (+85.4%), from €65,000 to €120,500
- Debts after one year -€38,448
down €38,448 (-12.2%), from €314,348 to €275,901
- Trade debts +€17,730
up €17,730 (+280%), from €6,324 to €24,054
- Gross operating margin +€17,017
up €17,017 (+24.7%), from €68,774 to €85,791
- Taxes +€3,781
up €3,781 (+36.2%), from €10,448 to €14,229
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 | €530,614 | €573,020 | +€42,406 | +8.0% |
| Fixed assets | 21/28 | €505,000 | €505,000 | = | 0.0% |
| Financial fixed assets | 28 | €505,000 | €505,000 | = | 0.0% |
| Current assets | 29/58 | €25,614 | €68,020 | +€42,406 | +166% |
| Amounts receivable within one year | 40/41 | €21,328 | €42,231 | +€20,903 | +98.0% |
| Trade receivables | 40 | €19,258 | €39,039 | +€19,781 | +103% |
| Other amounts receivable | 41 | €2,071 | €3,193 | +€1,122 | +54.2% |
| Cash at bank and in hand | 54/58 | €1,927 | €23,451 | +€21,524 | +1,117% |
| Deferred charges and accrued income | 490/1 | €2,358 | €2,337 | -€21 | -0.9% |
| Total equity and liabilities | 10/49 | €530,614 | €573,020 | +€42,406 | +8.0% |
| Equity | 10/15 | €165,424 | €220,597 | +€55,173 | +33.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €65,000 | €120,500 | +€55,500 | +85.4% |
| Distributable reserves | 133 | €65,000 | €120,500 | +€55,500 | +85.4% |
| Profit (loss) carried forward | 14 | €424 | €97 | -€327 | -77.1% |
| Amounts payable | 17/49 | €365,190 | €352,422 | -€12,767 | -3.5% |
| Amounts payable after more than one year | 17 | €314,348 | €275,901 | -€38,448 | -12.2% |
| Financial debts | 170/4 | €314,348 | €275,901 | -€38,448 | -12.2% |
| Amounts payable within one year | 42/48 | €50,842 | €76,522 | +€25,680 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €36,881 | €38,448 | +€1,567 | +4.2% |
| Trade debts | 44 | €6,324 | €24,054 | +€17,730 | +280% |
| Suppliers | 440/4 | €6,324 | €24,054 | +€17,730 | +280% |
| Advances received on contracts in progress | 46 | - | €3,000 | +€3,000 | |
| Taxes, remuneration and social security | 45 | €7,637 | €11,020 | +€3,383 | +44.3% |
| Taxes | 450/3 | €7,637 | €8,363 | +€726 | +9.5% |
| Remuneration and social security | 454/9 | €0 | €2,657 | +€2,657 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Other operating charges | 640/8 | €1,086 | €591 | -€495 | -45.6% |
| Gross operating margin | 9900 | €68,774 | €85,791 | +€17,017 | +24.7% |
| Operating profit (loss) | 9901 | €67,687 | €85,200 | +€17,512 | +25.9% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €15,754 | €15,797 | +€43 | +0.3% |
| Recurring financial charges | 65 | €15,754 | €15,797 | +€43 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €51,939 | €69,403 | +€17,463 | +33.6% |
| Income taxes | 67/77 | €10,448 | €14,229 | +€3,781 | +36.2% |
| Profit (loss) for the period | 9904 | €41,491 | €55,173 | +€13,682 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,491 | €55,173 | +€13,682 | +33.0% |
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 20 October 2026 via checked.be.