FRILIN: 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.
FRILIN
Largest movements
- Tangible fixed assets +€960,353
up €960,353 (+75.0%), from €1.3m to €2.2m
of which Land and buildings: +€537,504
- Receivables within one year +€26,455
up €26,455 (+92.3%), from €28,662 to €55,117
of which Other amounts receivable: +€35,754
- Other debts +€457,550
up €457,550 (+111.0%), from €412,331 to €869,881
- Debts after one year +€417,738
up €417,738 (+53.5%), from €781,500 to €1.2m
- Trade debts +€55,667
up €55,667 (+78.5%), from €70,938 to €126,605
- Current portion of long-term debt +€49,544
up €49,544 (+127.7%), from €38,807 to €88,351
- Gross operating margin +€5,448
up €5,448 (+7.4%), from €73,182 to €78,630
- Financial charges +€5,183
up €5,183 (+46.1%), from €11,243 to €16,426
- Staff costs -€1,935
down €1,935 (-3.7%), from €51,625 to €49,690
- Depreciation -€1,171
no longer reported in 2024 (was €1,171)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,387,447 | €2,384,428 | +€996,981 | +71.9% |
| Formation expenses | 20 | €1,031 | €14,709 | +€13,678 | +1326.4% |
| Fixed assets | 21/28 | €1,279,869 | €2,241,221 | +€961,353 | +75.1% |
| Intangible fixed assets | 21 | - | €1,000 | +€1,000 | |
| Tangible fixed assets | 22/27 | €1,279,689 | €2,240,041 | +€960,353 | +75.0% |
| Land and buildings | 22 | €1,162,206 | €1,699,711 | +€537,504 | +46.2% |
| Plant, machinery and equipment | 23 | €82,950 | €438,283 | +€355,333 | +428.4% |
| Furniture and vehicles | 24 | €34,533 | €102,048 | +€67,515 | +195.5% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €106,547 | €128,497 | +€21,951 | +20.6% |
| Stocks and contracts in progress | 3 | €3,477 | €3,047 | -€430 | -12.4% |
| Stocks | 30/36 | €3,477 | €3,047 | -€430 | -12.4% |
| Amounts receivable within one year | 40/41 | €28,662 | €55,117 | +€26,455 | +92.3% |
| Trade receivables | 40 | €9,299 | - | -€9,299 | |
| Other amounts receivable | 41 | €19,363 | €55,117 | +€35,754 | +184.6% |
| Cash at bank and in hand | 54/58 | €68,182 | €67,015 | -€1,167 | -1.7% |
| Deferred charges and accrued income | 490/1 | €6,226 | €3,318 | -€2,907 | -46.7% |
| Total equity and liabilities | 10/49 | €1,387,447 | €2,384,428 | +€996,981 | +71.9% |
| Equity | 10/15 | €63,953 | €68,459 | +€4,506 | +7.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €72,459 | €72,459 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,713 | €6,713 | = | 0.0% |
| Distributable reserves | 133 | €65,746 | €65,746 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,506 | -€29,000 | +€4,506 | +13.4% |
| Amounts payable | 17/49 | €1,323,494 | €2,315,969 | +€992,475 | +75.0% |
| Amounts payable after more than one year | 17 | €781,500 | €1,199,238 | +€417,738 | +53.5% |
| Financial debts | 170/4 | €781,500 | €1,199,238 | +€417,738 | +53.5% |
| Amounts payable within one year | 42/48 | €541,994 | €1,116,731 | +€574,737 | +106.0% |
| Current portion of amounts payable after more than one year | 42 | €38,807 | €88,351 | +€49,544 | +127.7% |
| Financial debts | 43 | €12,973 | - | -€12,973 | |
| Credit institutions | 430/8 | €12,973 | - | -€12,973 | |
| Trade debts | 44 | €70,938 | €126,605 | +€55,667 | +78.5% |
| Suppliers | 440/4 | €70,938 | €126,605 | +€55,667 | +78.5% |
| Advances received on contracts in progress | 46 | - | €22,807 | +€22,807 | |
| Taxes, remuneration and social security | 45 | €6,944 | €9,087 | +€2,143 | +30.9% |
| Taxes | 450/3 | €2,125 | €2,278 | +€153 | +7.2% |
| Remuneration and social security | 454/9 | €4,819 | €6,809 | +€1,990 | +41.3% |
| Other amounts payable | 47/48 | €412,331 | €869,881 | +€457,550 | +111.0% |
| Remuneration, social security and pensions | 62 | €51,625 | €49,690 | -€1,935 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,171 | - | -€1,171 | |
| Other operating charges | 640/8 | €7,570 | €7,651 | +€81 | +1.1% |
| Gross operating margin | 9900 | €73,182 | €78,630 | +€5,448 | +7.4% |
| Operating profit (loss) | 9901 | €12,815 | €21,289 | +€8,474 | +66.1% |
| Financial income | 75/76B | €570 | - | -€570 | |
| Recurring financial income | 75 | €570 | - | -€570 | |
| Financial charges | 65/66B | €11,243 | €16,426 | +€5,183 | +46.1% |
| Recurring financial charges | 65 | €11,243 | €16,426 | +€5,183 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €2,142 | €4,863 | +€2,721 | +127.0% |
| Income taxes | 67/77 | €458 | €357 | -€101 | -22.1% |
| Profit (loss) for the period | 9904 | €1,684 | €4,506 | +€2,822 | +167.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,684 | €4,506 | +€2,822 | +167.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.