FRIETSALON: 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.
FRIETSALON
Largest movements
- Cash +€125,684
up €125,684 (+109.1%), from €115,229 to €240,912
mainly Net result for the year (+€143,579) and Depreciation (+€100,675)
- Tangible fixed assets -€85,782
down €85,782 (-5.8%), from €1.5m to €1.4m
- Current investments -€60,000
down €60,000 (-37.5%), from €160,000 to €100,000
- Receivables within one year -€20,981
down €20,981 (-99.0%), from €21,202 to €221
of which Trade receivables: -€18,087
- Debts after one year -€125,311
down €125,311 (-11.5%), from €1.1m to €968,682
- Reserves +€121,000
up €121,000 (+24.9%), from €485,360 to €606,360
of which Distributable reserves: +€121,000
- Current portion of long-term debt -€26,932
down €26,932 (-23.9%), from €112,660 to €85,728
- Gross operating margin +€24,967
up €24,967 (+6.8%), from €368,078 to €393,045
- Taxes +€6,123
up €6,123 (+11.0%), from €55,726 to €61,850
- Staff costs +€5,541
up €5,541 (+10.7%), from €51,893 to €57,434
- Depreciation +€5,276
up €5,276 (+5.5%), from €95,399 to €100,675
- Financial income +€4,705
up €4,705 (+268.3%), from €1,754 to €6,458
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 | €1,780,999 | €1,745,141 | -€35,857 | -2.0% |
| Fixed assets | 21/28 | €1,472,206 | €1,385,600 | -€86,607 | -5.9% |
| Intangible fixed assets | 21 | €825 | - | -€825 | |
| Tangible fixed assets | 22/27 | €1,471,381 | €1,385,600 | -€85,782 | -5.8% |
| Land and buildings | 22 | €1,299,407 | €1,260,099 | -€39,308 | -3.0% |
| Plant, machinery and equipment | 23 | €90,123 | €69,215 | -€20,909 | -23.2% |
| Furniture and vehicles | 24 | €37,578 | €20,446 | -€17,132 | -45.6% |
| Leasing and similar rights | 25 | €44,273 | €35,840 | -€8,433 | -19.0% |
| Current assets | 29/58 | €308,792 | €359,542 | +€50,749 | +16.4% |
| Stocks and contracts in progress | 3 | €10,933 | €9,681 | -€1,252 | -11.5% |
| Stocks | 30/36 | €10,933 | €9,681 | -€1,252 | -11.5% |
| Amounts receivable within one year | 40/41 | €21,202 | €221 | -€20,981 | -99.0% |
| Trade receivables | 40 | €18,309 | €221 | -€18,087 | -98.8% |
| Other amounts receivable | 41 | €2,894 | - | -€2,894 | |
| Current investments | 50/53 | €160,000 | €100,000 | -€60,000 | -37.5% |
| Cash at bank and in hand | 54/58 | €115,229 | €240,912 | +€125,684 | +109.1% |
| Deferred charges and accrued income | 490/1 | €1,429 | €8,727 | +€7,298 | +510.8% |
| Total equity and liabilities | 10/49 | €1,780,999 | €1,745,141 | -€35,857 | -2.0% |
| Equity | 10/15 | €513,423 | €635,002 | +€121,579 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €485,360 | €606,360 | +€121,000 | +24.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €483,500 | €604,500 | +€121,000 | +25.0% |
| Profit (loss) carried forward | 14 | €9,463 | €10,042 | +€579 | +6.1% |
| Amounts payable | 17/49 | €1,267,576 | €1,110,139 | -€157,436 | -12.4% |
| Amounts payable after more than one year | 17 | €1,093,992 | €968,682 | -€125,311 | -11.5% |
| Financial debts | 170/4 | €1,093,992 | €968,682 | -€125,311 | -11.5% |
| Amounts payable within one year | 42/48 | €173,583 | €141,016 | -€32,568 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €112,660 | €85,728 | -€26,932 | -23.9% |
| Trade debts | 44 | €11,864 | €26,697 | +€14,833 | +125.0% |
| Suppliers | 440/4 | €11,864 | €26,697 | +€14,833 | +125.0% |
| Advances received on contracts in progress | 46 | €220 | - | -€220 | |
| Taxes, remuneration and social security | 45 | €39,456 | €23,002 | -€16,454 | -41.7% |
| Taxes | 450/3 | €35,635 | €19,992 | -€15,643 | -43.9% |
| Remuneration and social security | 454/9 | €3,821 | €3,010 | -€811 | -21.2% |
| Other amounts payable | 47/48 | €9,383 | €5,589 | -€3,794 | -40.4% |
| Accrued charges and deferred income | 492/3 | - | €442 | +€442 | |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €51,893 | €57,434 | +€5,541 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,399 | €100,675 | +€5,276 | +5.5% |
| Other operating charges | 640/8 | €7,970 | €6,452 | -€1,518 | -19.0% |
| Gross operating margin | 9900 | €368,078 | €393,045 | +€24,967 | +6.8% |
| Operating profit (loss) | 9901 | €212,817 | €228,484 | +€15,668 | +7.4% |
| Financial income | 75/76B | €1,754 | €6,458 | +€4,705 | +268.3% |
| Recurring financial income | 75 | €1,754 | €6,458 | +€4,705 | +268.3% |
| Financial charges | 65/66B | €25,218 | €29,514 | +€4,296 | +17.0% |
| Recurring financial charges | 65 | €25,218 | €29,514 | +€4,296 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €189,353 | €205,428 | +€16,076 | +8.5% |
| Income taxes | 67/77 | €55,726 | €61,850 | +€6,123 | +11.0% |
| Profit (loss) for the period | 9904 | €133,626 | €143,579 | +€9,952 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €133,626 | €143,579 | +€9,952 | +7.4% |
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.