FRIMAR: 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.
FRIMAR
Largest movements
- Tangible fixed assets -€10,777
down €10,777 (-27.1%), from €39,833 to €29,056
- Cash -€7,120
down €7,120 (-34.9%), from €20,417 to €13,297
mainly Debts after one year (-€11,109) and Other debts (-€7,471)
- Debts after one year -€11,109
down €11,109 (-50.0%), from €22,228 to €11,119
- Other debts -€7,471
down €7,471 (-27.5%), from €27,185 to €19,714
- Trade debts +€6,108
up €6,108 (+284.4%), from €2,148 to €8,256
- Tax, wage and social debts -€4,067
down €4,067 (-28.1%), from €14,471 to €10,404
- Gross operating margin -€18,521
down €18,521 (-51.3%), from €36,124 to €17,603
- Taxes -€4,097
down €4,097 (-69.9%), from €5,864 to €1,767
- Other operating charges -€1,464
no longer reported in 2025 (was €1,464)
- Provisions +€1,236
new in 2025: €1,236
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 | €294,206 | €278,441 | -€15,765 | -5.4% |
| Fixed assets | 21/28 | €40,387 | €29,610 | -€10,777 | -26.7% |
| Tangible fixed assets | 22/27 | €39,833 | €29,056 | -€10,777 | -27.1% |
| Furniture and vehicles | 24 | €39,833 | €29,056 | -€10,777 | -27.1% |
| Financial fixed assets | 28 | €554 | €554 | = | 0.0% |
| Current assets | 29/58 | €253,819 | €248,831 | -€4,988 | -2.0% |
| Amounts receivable after more than one year | 29 | €220,000 | €222,000 | +€2,000 | +0.9% |
| Other amounts receivable | 291 | €220,000 | €222,000 | +€2,000 | +0.9% |
| Amounts receivable within one year | 40/41 | €11,550 | €11,550 | = | 0.0% |
| Trade receivables | 40 | €11,495 | €11,495 | = | 0.0% |
| Other amounts receivable | 41 | €55 | €55 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,417 | €13,297 | -€7,120 | -34.9% |
| Deferred charges and accrued income | 490/1 | €1,852 | €1,984 | +€132 | +7.1% |
| Total equity and liabilities | 10/49 | €294,206 | €278,441 | -€15,765 | -5.4% |
| Equity | 10/15 | €215,761 | €217,839 | +€2,078 | +1.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,761 | €213,839 | +€2,078 | +1.0% |
| Amounts payable | 17/49 | €78,445 | €60,602 | -€17,843 | -22.7% |
| Amounts payable after more than one year | 17 | €22,228 | €11,119 | -€11,109 | -50.0% |
| Financial debts | 170/4 | €22,228 | €11,119 | -€11,109 | -50.0% |
| Amounts payable within one year | 42/48 | €56,217 | €49,483 | -€6,734 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €12,413 | €11,109 | -€1,304 | -10.5% |
| Trade debts | 44 | €2,148 | €8,256 | +€6,108 | +284.4% |
| Suppliers | 440/4 | €2,148 | €8,256 | +€6,108 | +284.4% |
| Taxes, remuneration and social security | 45 | €14,471 | €10,404 | -€4,067 | -28.1% |
| Taxes | 450/3 | €14,471 | €10,404 | -€4,067 | -28.1% |
| Other amounts payable | 47/48 | €27,185 | €19,714 | -€7,471 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,570 | €11,768 | +€198 | +1.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €1,236 | +€1,236 | |
| Other operating charges | 640/8 | €1,464 | - | -€1,464 | |
| Gross operating margin | 9900 | €36,124 | €17,603 | -€18,521 | -51.3% |
| Operating profit (loss) | 9901 | €23,090 | €4,599 | -€18,491 | -80.1% |
| Financial charges | 65/66B | €419 | €754 | +€335 | +80.0% |
| Recurring financial charges | 65 | €419 | €754 | +€335 | +80.0% |
| Profit (loss) for the period before taxes | 9903 | €22,671 | €3,845 | -€18,826 | -83.0% |
| Income taxes | 67/77 | €5,864 | €1,767 | -€4,097 | -69.9% |
| Profit (loss) for the period | 9904 | €16,807 | €2,078 | -€14,729 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,807 | €2,078 | -€14,729 | -87.6% |
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 8 October 2026 via checked.be.