FRIETVOSJE: 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.
FRIETVOSJE
Largest movements
- Tangible fixed assets +€253,851
up €253,851 (+103%), from €246,697 to €500,547
of which Land and buildings: +€294,938
- Cash +€38,220
up €38,220 (+45.2%), from €84,479 to €122,700
mainly Debts after one year (+€236,993) and Depreciation (+€82,706)
- Receivables within one year +€22,956
up €22,956 (+376%), from €6,112 to €29,068
of which Other amounts receivable: +€19,405
- Intangible fixed assets -€10,714
down €10,714 (-15.8%), from €67,808 to €57,094
- Debts after one year +€236,993
up €236,993 (+280%), from €84,694 to €321,687
- Reserves +€73,500
up €73,500 (+103%), from €71,100 to €144,600
- Other debts -€46,088
down €46,088 (-31.1%), from €148,367 to €102,279
- Current portion of long-term debt +€29,445
up €29,445 (+126%), from €23,412 to €52,857
- Gross operating margin +€189,582
up €189,582 (+48.3%), from €392,250 to €581,832
- Staff costs +€137,585
up €137,585 (+57.6%), from €238,702 to €376,287
- Depreciation +€40,885
up €40,885 (+97.8%), from €41,821 to €82,706
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 | €412,737 | €718,958 | +€306,221 | +74.2% |
| Fixed assets | 21/28 | €314,547 | €558,492 | +€243,944 | +77.6% |
| Intangible fixed assets | 21 | €67,808 | €57,094 | -€10,714 | -15.8% |
| Tangible fixed assets | 22/27 | €246,697 | €500,547 | +€253,851 | +103% |
| Land and buildings | 22 | - | €294,938 | +€294,938 | |
| Plant, machinery and equipment | 23 | €75,303 | €70,466 | -€4,837 | -6.4% |
| Furniture and vehicles | 24 | €17,668 | €15,880 | -€1,788 | -10.1% |
| Other tangible fixed assets | 26 | €153,725 | €119,264 | -€34,462 | -22.4% |
| Financial fixed assets | 28 | €43 | €850 | +€808 | +1,893% |
| Current assets | 29/58 | €98,189 | €160,466 | +€62,277 | +63.4% |
| Stocks and contracts in progress | 3 | €7,002 | €5,360 | -€1,642 | -23.5% |
| Stocks | 30/36 | €7,002 | €5,360 | -€1,642 | -23.5% |
| Amounts receivable within one year | 40/41 | €6,112 | €29,068 | +€22,956 | +376% |
| Trade receivables | 40 | €710 | €4,262 | +€3,551 | +500% |
| Other amounts receivable | 41 | €5,402 | €24,807 | +€19,405 | +359% |
| Cash at bank and in hand | 54/58 | €84,479 | €122,700 | +€38,220 | +45.2% |
| Deferred charges and accrued income | 490/1 | €595 | €3,338 | +€2,742 | +461% |
| Total equity and liabilities | 10/49 | €412,737 | €718,958 | +€306,221 | +74.2% |
| Equity | 10/15 | €86,162 | €160,877 | +€74,715 | +86.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €71,100 | €144,600 | +€73,500 | +103% |
| Distributable reserves | 133 | €71,100 | €144,600 | +€73,500 | +103% |
| Profit (loss) carried forward | 14 | €62 | €1,277 | +€1,215 | +1,968% |
| Amounts payable | 17/49 | €326,575 | €558,080 | +€231,505 | +70.9% |
| Amounts payable after more than one year | 17 | €84,694 | €321,687 | +€236,993 | +280% |
| Financial debts | 170/4 | €84,694 | €321,687 | +€236,993 | +280% |
| Amounts payable within one year | 42/48 | €241,881 | €231,834 | -€10,047 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €23,412 | €52,857 | +€29,445 | +126% |
| Trade debts | 44 | €37,373 | €42,357 | +€4,984 | +13.3% |
| Suppliers | 440/4 | €37,373 | €42,357 | +€4,984 | +13.3% |
| Taxes, remuneration and social security | 45 | €32,729 | €34,341 | +€1,611 | +4.9% |
| Taxes | 450/3 | €4,706 | €7,384 | +€2,678 | +56.9% |
| Remuneration and social security | 454/9 | €28,023 | €26,956 | -€1,066 | -3.8% |
| Other amounts payable | 47/48 | €148,367 | €102,279 | -€46,088 | -31.1% |
| Accrued charges and deferred income | 492/3 | - | €4,560 | +€4,560 | |
| Remuneration, social security and pensions | 62 | €238,702 | €376,287 | +€137,585 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,821 | €82,706 | +€40,885 | +97.8% |
| Other operating charges | 640/8 | €4,099 | €6,110 | +€2,011 | +49.1% |
| Gross operating margin | 9900 | €392,250 | €581,832 | +€189,582 | +48.3% |
| Operating profit (loss) | 9901 | €107,628 | €116,729 | +€9,101 | +8.5% |
| Financial income | 75/76B | €70 | €180 | +€111 | +159% |
| Recurring financial income | 75 | €70 | €180 | +€111 | +159% |
| Financial charges | 65/66B | €10,239 | €13,316 | +€3,077 | +30.1% |
| Recurring financial charges | 65 | €10,239 | €13,316 | +€3,077 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | €97,459 | €103,593 | +€6,134 | +6.3% |
| Income taxes | 67/77 | €26,297 | €28,878 | +€2,580 | +9.8% |
| Profit (loss) for the period | 9904 | €71,162 | €74,715 | +€3,554 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,162 | €74,715 | +€3,554 | +5.0% |
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 1 November 2026 via checked.be.