Frijns Tim: 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.
Frijns Tim
Largest movements
- Cash -€15,549
down €15,549 (-40.2%), from €38,689 to €23,140
mainly Debts after one year (-€23,051) and Tax, wage and social debts (-€11,455)
- Debts after one year -€23,051
down €23,051 (-14.6%), from €157,753 to €134,702
- Reserves +€18,121
up €18,121 (+26.5%), from €68,291 to €86,412
- Tax, wage and social debts -€11,455
down €11,455 (-73.2%), from €15,655 to €4,199
- Taxes +€1,250
up €1,250 (+12.3%), from €10,199 to €11,450
- Depreciation +€695
up €695 (+106%), from €656 to €1,350
- Financial charges -€497
down €497 (-15.1%), from €3,299 to €2,802
- Gross operating margin -€417
down €417 (-1.2%), from €34,859 to €34,442
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 | €288,325 | €272,007 | -€16,318 | -5.7% |
| Fixed assets | 21/28 | €248,315 | €246,965 | -€1,350 | -0.5% |
| Tangible fixed assets | 22/27 | €5,315 | €3,965 | -€1,350 | -25.4% |
| Furniture and vehicles | 24 | €5,315 | €3,965 | -€1,350 | -25.4% |
| Financial fixed assets | 28 | €243,000 | €243,000 | = | 0.0% |
| Current assets | 29/58 | €40,010 | €25,042 | -€14,968 | -37.4% |
| Amounts receivable within one year | 40/41 | - | €581 | +€581 | |
| Other amounts receivable | 41 | - | €581 | +€581 | |
| Cash at bank and in hand | 54/58 | €38,689 | €23,140 | -€15,549 | -40.2% |
| Deferred charges and accrued income | 490/1 | €1,320 | €1,322 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €288,325 | €272,007 | -€16,318 | -5.7% |
| Equity | 10/15 | €83,291 | €101,412 | +€18,121 | +21.8% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €68,291 | €86,412 | +€18,121 | +26.5% |
| Distributable reserves | 133 | €68,291 | €86,412 | +€18,121 | +26.5% |
| Amounts payable | 17/49 | €205,034 | €170,595 | -€34,439 | -16.8% |
| Amounts payable after more than one year | 17 | €157,753 | €134,702 | -€23,051 | -14.6% |
| Financial debts | 170/4 | €157,753 | €134,702 | -€23,051 | -14.6% |
| Amounts payable within one year | 42/48 | €47,078 | €35,893 | -€11,185 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €22,640 | €23,051 | +€412 | +1.8% |
| Trade debts | 44 | €418 | €427 | +€9 | +2.2% |
| Suppliers | 440/4 | €418 | €427 | +€9 | +2.2% |
| Taxes, remuneration and social security | 45 | €15,655 | €4,199 | -€11,455 | -73.2% |
| Taxes | 450/3 | €15,655 | €4,199 | -€11,455 | -73.2% |
| Other amounts payable | 47/48 | €8,365 | €8,215 | -€150 | -1.8% |
| Accrued charges and deferred income | 492/3 | €203 | - | -€203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €656 | €1,350 | +€695 | +106% |
| Other operating charges | 640/8 | €712 | €719 | +€7 | +1.0% |
| Gross operating margin | 9900 | €34,859 | €34,442 | -€417 | -1.2% |
| Operating profit (loss) | 9901 | €33,491 | €32,373 | -€1,119 | -3.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,299 | €2,802 | -€497 | -15.1% |
| Recurring financial charges | 65 | €3,299 | €2,802 | -€497 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €30,192 | €29,571 | -€621 | -2.1% |
| Income taxes | 67/77 | €10,199 | €11,450 | +€1,250 | +12.3% |
| Profit (loss) for the period | 9904 | €19,993 | €18,121 | -€1,872 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,993 | €18,121 | -€1,872 | -9.4% |
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 15 October 2026 via checked.be.