Friethuis: 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.
Friethuis
Largest movements
- Tangible fixed assets +€16,222
up €16,222 (+15.8%), from €102,828 to €119,050
of which Leasing and similar rights: +€13,477
- Cash -€5,422
down €5,422 (-99.0%), from €5,475 to €53
mainly Investment in fixed assets (net) (-€43,857) and Contributions, distributions and other (-€15,000)
- Current portion of long-term debt +€8,418
up €8,418 (+73.1%), from €11,523 to €19,941
- Trade debts +€3,540
up €3,540 (+19.0%), from €18,671 to €22,211
- Tax, wage and social debts -€3,382
down €3,382 (-49.9%), from €6,777 to €3,395
- Debts after one year +€2,775
up €2,775 (+11.9%), from €23,317 to €26,092
- Other debts +€1,869
up €1,869 (+64.5%), from €2,897 to €4,766
- Staff costs +€16,746
up €16,746 (+43.0%), from €38,947 to €55,693
- Gross operating margin +€10,710
up €10,710 (+11.3%), from €94,601 to €105,311
- Depreciation +€5,141
up €5,141 (+22.6%), from €22,746 to €27,887
- Taxes -€3,994
down €3,994 (-46.5%), from €8,597 to €4,603
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 | €121,597 | €133,650 | +€12,053 | +9.9% |
| Formation expenses | 20 | €252 | - | -€252 | |
| Fixed assets | 21/28 | €103,328 | €119,550 | +€16,222 | +15.7% |
| Tangible fixed assets | 22/27 | €102,828 | €119,050 | +€16,222 | +15.8% |
| Plant, machinery and equipment | 23 | €102,828 | €105,069 | +€2,241 | +2.2% |
| Furniture and vehicles | 24 | - | €504 | +€504 | |
| Leasing and similar rights | 25 | - | €13,477 | +€13,477 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €18,017 | €14,100 | -€3,917 | -21.7% |
| Stocks and contracts in progress | 3 | €6,784 | €7,188 | +€404 | +6.0% |
| Stocks | 30/36 | €6,784 | €7,188 | +€404 | +6.0% |
| Amounts receivable within one year | 40/41 | €3,113 | €4,176 | +€1,063 | +34.1% |
| Other amounts receivable | 41 | €3,113 | €4,176 | +€1,063 | +34.1% |
| Cash at bank and in hand | 54/58 | €5,475 | €53 | -€5,422 | -99.0% |
| Deferred charges and accrued income | 490/1 | €2,645 | €2,683 | +€38 | +1.4% |
| Total equity and liabilities | 10/49 | €121,597 | €133,650 | +€12,053 | +9.9% |
| Equity | 10/15 | €58,412 | €57,245 | -€1,167 | -2.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | - | -€100 | |
| Reserves not available under the articles | 1311 | €100 | - | -€100 | |
| Distributable reserves | 133 | - | €100 | +€100 | |
| Profit (loss) carried forward | 14 | €57,312 | €56,145 | -€1,167 | -2.0% |
| Amounts payable | 17/49 | €63,185 | €76,405 | +€13,220 | +20.9% |
| Amounts payable after more than one year | 17 | €23,317 | €26,092 | +€2,775 | +11.9% |
| Financial debts | 170/4 | €23,317 | €26,092 | +€2,775 | +11.9% |
| Amounts payable within one year | 42/48 | €39,868 | €50,313 | +€10,445 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €11,523 | €19,941 | +€8,418 | +73.1% |
| Trade debts | 44 | €18,671 | €22,211 | +€3,540 | +19.0% |
| Suppliers | 440/4 | €18,671 | €22,211 | +€3,540 | +19.0% |
| Taxes, remuneration and social security | 45 | €6,777 | €3,395 | -€3,382 | -49.9% |
| Taxes | 450/3 | €6,777 | €3,395 | -€3,382 | -49.9% |
| Other amounts payable | 47/48 | €2,897 | €4,766 | +€1,869 | +64.5% |
| Remuneration, social security and pensions | 62 | €38,947 | €55,693 | +€16,746 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,746 | €27,887 | +€5,141 | +22.6% |
| Other operating charges | 640/8 | €1,271 | €1,414 | +€143 | +11.3% |
| Gross operating margin | 9900 | €94,601 | €105,311 | +€10,710 | +11.3% |
| Operating profit (loss) | 9901 | €31,637 | €20,317 | -€11,320 | -35.8% |
| Financial income | 75/76B | €173 | €386 | +€213 | +123.1% |
| Recurring financial income | 75 | €173 | €386 | +€213 | +123.1% |
| Financial charges | 65/66B | €1,608 | €2,267 | +€659 | +41.0% |
| Recurring financial charges | 65 | €1,608 | €2,267 | +€659 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €30,202 | €18,436 | -€11,766 | -39.0% |
| Income taxes | 67/77 | €8,597 | €4,603 | -€3,994 | -46.5% |
| Profit (loss) for the period | 9904 | €21,605 | €13,833 | -€7,772 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,605 | €13,833 | -€7,772 | -36.0% |
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 7 October 2026 via checked.be.