Frim: 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.
Frim
Largest movements
- Cash -€125,975
down €125,975 (-51.4%), from €244,932 to €118,957
mainly Receivables within one year (-€113,083) and Current investments (-€74,010)
- Receivables within one year +€113,083
up €113,083 (+210.7%), from €53,679 to €166,761
of which Trade receivables: +€112,395
- Current investments +€74,010
up €74,010 (+4934.0%), from €1,500 to €75,510
- Tangible fixed assets -€57,469
down €57,469 (-2.6%), from €2.2m to €2.2m
of which Land and buildings: -€50,300
- Debts after one year -€32,400
down €32,400 (-2.5%), from €1.3m to €1.3m
- Profit (loss) carried forward +€31,878
up €31,878 (+15.9%), from -€200,698 to -€168,820
- Financial income +€49,091
up €49,091 (+370.0%), from €13,268 to €62,359
- Financial charges -€33,366
down €33,366 (-36.2%), from €92,286 to €58,920
- Gross operating margin -€10,420
down €10,420 (-8.5%), from €122,895 to €112,475
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 | €2,525,645 | €2,529,438 | +€3,794 | +0.2% |
| Fixed assets | 21/28 | €2,219,816 | €2,162,347 | -€57,469 | -2.6% |
| Tangible fixed assets | 22/27 | €2,219,816 | €2,162,347 | -€57,469 | -2.6% |
| Land and buildings | 22 | €1,720,464 | €1,670,164 | -€50,300 | -2.9% |
| Plant, machinery and equipment | 23 | €56,371 | €41,428 | -€14,943 | -26.5% |
| Other tangible fixed assets | 26 | €442,981 | €450,755 | +€7,774 | +1.8% |
| Current assets | 29/58 | €305,829 | €367,091 | +€61,263 | +20.0% |
| Amounts receivable within one year | 40/41 | €53,679 | €166,761 | +€113,083 | +210.7% |
| Trade receivables | 40 | €53,668 | €166,062 | +€112,395 | +209.4% |
| Other amounts receivable | 41 | €11 | €699 | +€688 | +6276.7% |
| Current investments | 50/53 | €1,500 | €75,510 | +€74,010 | +4934.0% |
| Cash at bank and in hand | 54/58 | €244,932 | €118,957 | -€125,975 | -51.4% |
| Deferred charges and accrued income | 490/1 | €5,718 | €5,863 | +€146 | +2.6% |
| Total equity and liabilities | 10/49 | €2,525,645 | €2,529,438 | +€3,794 | +0.2% |
| Equity | 10/15 | €1,085,325 | €1,117,203 | +€31,878 | +2.9% |
| Contributions | 10/11 | €823,525 | €823,525 | = | 0.0% |
| Capital | 10 | €823,525 | €823,525 | = | 0.0% |
| Issued capital | 100 | €823,525 | €823,525 | = | 0.0% |
| Revaluation surpluses | 12 | €380,145 | €380,145 | = | 0.0% |
| Reserves | 13 | €82,353 | €82,353 | = | 0.0% |
| Non-distributable reserves | 130/1 | €82,353 | €82,353 | = | 0.0% |
| Legal reserve | 130 | €82,353 | €82,353 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€200,698 | -€168,820 | +€31,878 | +15.9% |
| Amounts payable | 17/49 | €1,440,320 | €1,412,235 | -€28,084 | -1.9% |
| Amounts payable after more than one year | 17 | €1,284,000 | €1,251,600 | -€32,400 | -2.5% |
| Financial debts | 170/4 | €1,284,000 | €1,251,600 | -€32,400 | -2.5% |
| Amounts payable within one year | 42/48 | €154,634 | €158,910 | +€4,276 | +2.8% |
| Trade debts | 44 | €40,219 | €38,941 | -€1,279 | -3.2% |
| Suppliers | 440/4 | €40,219 | €38,941 | -€1,279 | -3.2% |
| Taxes, remuneration and social security | 45 | €3,299 | €9,820 | +€6,522 | +197.7% |
| Taxes | 450/3 | €3,299 | €9,820 | +€6,522 | +197.7% |
| Other amounts payable | 47/48 | €111,116 | €110,149 | -€967 | -0.9% |
| Accrued charges and deferred income | 492/3 | €1,686 | €1,726 | +€40 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,487 | €65,243 | +€756 | +1.2% |
| Other operating charges | 640/8 | €18,062 | €18,794 | +€732 | +4.1% |
| Gross operating margin | 9900 | €122,895 | €112,475 | -€10,420 | -8.5% |
| Operating profit (loss) | 9901 | €40,347 | €28,438 | -€11,908 | -29.5% |
| Financial income | 75/76B | €13,268 | €62,359 | +€49,091 | +370.0% |
| Recurring financial income | 75 | €13,268 | €62,359 | +€49,091 | +370.0% |
| Financial charges | 65/66B | €92,286 | €58,920 | -€33,366 | -36.2% |
| Recurring financial charges | 65 | €92,286 | €58,920 | -€33,366 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,671 | €31,878 | +€70,549 | |
| Profit (loss) for the period | 9904 | -€38,671 | €31,878 | +€70,549 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,671 | €31,878 | +€70,549 |
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 6 October 2026 via checked.be.