FRIMADES: 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.
FRIMADES
Largest movements
- Current investments +€800,000
up €800,000 (+266.7%), from €300,000 to €1.1m
- Receivables within one year -€713,297
down €713,297 (-92.2%), from €773,519 to €60,222
of which Trade receivables: -€746,016
- Stocks and contracts -€590,098
down €590,098 (-4.6%), from €12.8m to €12.2m
- Trade debts -€234,132
down €234,132 (-97.5%), from €240,147 to €6,015
- Tax, wage and social debts -€144,745
down €144,745 (-94.5%), from €153,138 to €8,392
of which Taxes: -€144,799
- Gross operating margin +€38,830
up €38,830 (+27.6%), from €140,506 to €179,337
- Financial charges +€17,644
up €17,644 (+68.9%), from €25,599 to €43,243
- Financial income -€10,440
down €10,440 (-75.2%), from €13,891 to €3,450
- Taxes +€2,371
up €2,371 (+7.7%), from €30,921 to €33,292
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 | €14,452,610 | €14,090,162 | -€362,449 | -2.5% |
| Current assets | 29/58 | €14,452,610 | €14,090,162 | -€362,449 | -2.5% |
| Stocks and contracts in progress | 3 | €12,789,134 | €12,199,036 | -€590,098 | -4.6% |
| Stocks | 30/36 | €12,789,134 | €12,199,036 | -€590,098 | -4.6% |
| Amounts receivable within one year | 40/41 | €773,519 | €60,222 | -€713,297 | -92.2% |
| Trade receivables | 40 | €758,116 | €12,100 | -€746,016 | -98.4% |
| Other amounts receivable | 41 | €15,403 | €48,122 | +€32,720 | +212.4% |
| Current investments | 50/53 | €300,000 | €1,100,000 | +€800,000 | +266.7% |
| Cash at bank and in hand | 54/58 | €589,958 | €730,903 | +€140,946 | +23.9% |
| Total equity and liabilities | 10/49 | €14,452,610 | €14,090,162 | -€362,449 | -2.5% |
| Equity | 10/15 | €13,304,191 | €13,402,991 | +€98,801 | +0.7% |
| Contributions | 10/11 | €8,000,000 | €8,000,000 | = | 0.0% |
| Capital | 10 | €8,000,000 | €8,000,000 | = | 0.0% |
| Issued capital | 100 | €8,000,000 | €8,000,000 | = | 0.0% |
| Reserves | 13 | €5,304,191 | €5,402,991 | +€98,801 | +1.9% |
| Non-distributable reserves | 130/1 | €198,523 | €297,323 | +€98,801 | +49.8% |
| Legal reserve | 130 | €198,523 | €297,323 | +€98,801 | +49.8% |
| Distributable reserves | 133 | €5,105,668 | €5,105,668 | = | 0.0% |
| Amounts payable | 17/49 | €1,148,419 | €687,170 | -€461,249 | -40.2% |
| Amounts payable within one year | 42/48 | €1,148,419 | €687,170 | -€461,249 | -40.2% |
| Trade debts | 44 | €240,147 | €6,015 | -€234,132 | -97.5% |
| Suppliers | 440/4 | €240,147 | €6,015 | -€234,132 | -97.5% |
| Taxes, remuneration and social security | 45 | €153,138 | €8,392 | -€144,745 | -94.5% |
| Taxes | 450/3 | €144,799 | - | -€144,799 | |
| Remuneration and social security | 454/9 | €8,339 | €8,392 | +€53 | +0.6% |
| Other amounts payable | 47/48 | €755,135 | €672,763 | -€82,372 | -10.9% |
| Other operating charges | 640/8 | €6,194 | €6,060 | -€134 | -2.2% |
| Non-recurring operating charges | 66A | - | €1,392 | +€1,392 | |
| Gross operating margin | 9900 | €140,506 | €179,337 | +€38,830 | +27.6% |
| Operating profit (loss) | 9901 | €134,313 | €171,886 | +€37,573 | +28.0% |
| Financial income | 75/76B | €13,891 | €3,450 | -€10,440 | -75.2% |
| Recurring financial income | 75 | €13,891 | €3,450 | -€10,440 | -75.2% |
| Financial charges | 65/66B | €25,599 | €43,243 | +€17,644 | +68.9% |
| Recurring financial charges | 65 | €25,599 | €43,243 | +€17,644 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | €122,604 | €132,092 | +€9,488 | +7.7% |
| Income taxes | 67/77 | €30,921 | €33,292 | +€2,371 | +7.7% |
| Profit (loss) for the period | 9904 | €91,683 | €98,801 | +€7,117 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,683 | €98,801 | +€7,117 | +7.8% |
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 4 October 2026 via checked.be.