Frimmo: 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.
Frimmo
Largest movements
- Deferred charges and accrued income -€49,439
down €49,439 (-26.0%), from €189,983 to €140,544
- Tangible fixed assets -€38,134
down €38,134 (-8.0%), from €479,193 to €441,059
of which Leasing and similar rights: -€34,965
- Cash -€35,852
down €35,852 (-93.5%), from €38,353 to €2,501
mainly Debts after one year (-€99,715) and Trade debts (-€37,336)
- Debts after one year -€99,715
down €99,715 (-19.1%), from €521,849 to €422,134
- Other debts +€54,562
up €54,562 (+513.2%), from €10,632 to €65,194
- Trade debts -€37,336
down €37,336 (-26.4%), from €141,690 to €104,354
- Current portion of long-term debt -€23,192
down €23,192 (-14.8%), from €156,610 to €133,418
- Tax, wage and social debts -€17,131
down €17,131 (-7.9%), from €215,943 to €198,812
of which Remuneration and social security: -€24,306
- Staff costs -€76,626
down €76,626 (-52.6%), from €145,712 to €69,086
- Depreciation -€43,025
down €43,025 (-40.1%), from €107,178 to €64,153
- Financial income -€18,413
down €18,413 (-48.5%), from €37,998 to €19,585
- Gross operating margin -€18,309
down €18,309 (-7.9%), from €230,636 to €212,327
- Other operating charges -€15,537
down €15,537 (-67.1%), from €23,165 to €7,628
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 | €1,605,708 | €1,491,139 | -€114,569 | -7.1% |
| Fixed assets | 21/28 | €479,193 | €441,059 | -€38,134 | -8.0% |
| Tangible fixed assets | 22/27 | €479,193 | €441,059 | -€38,134 | -8.0% |
| Land and buildings | 22 | €105,757 | €102,032 | -€3,725 | -3.5% |
| Plant, machinery and equipment | 23 | €4,949 | €6,034 | +€1,085 | +21.9% |
| Furniture and vehicles | 24 | €6,110 | €2,592 | -€3,518 | -57.6% |
| Leasing and similar rights | 25 | €191,925 | €156,960 | -€34,965 | -18.2% |
| Other tangible fixed assets | 26 | €170,452 | €173,440 | +€2,988 | +1.8% |
| Current assets | 29/58 | €1,126,515 | €1,050,080 | -€76,435 | -6.8% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €698,179 | €707,035 | +€8,856 | +1.3% |
| Trade receivables | 40 | €288,788 | €301,332 | +€12,544 | +4.3% |
| Other amounts receivable | 41 | €409,391 | €405,703 | -€3,688 | -0.9% |
| Cash at bank and in hand | 54/58 | €38,353 | €2,501 | -€35,852 | -93.5% |
| Deferred charges and accrued income | 490/1 | €189,983 | €140,544 | -€49,439 | -26.0% |
| Total equity and liabilities | 10/49 | €1,605,708 | €1,491,139 | -€114,569 | -7.1% |
| Equity | 10/15 | -€99,363 | -€99,524 | -€161 | -0.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €26,687 | €26,687 | -€0 | 0.0% |
| Distributable reserves | 133 | €26,687 | €26,687 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€201,050 | -€201,211 | -€161 | -0.1% |
| Amounts payable | 17/49 | €1,705,071 | €1,590,663 | -€114,408 | -6.7% |
| Amounts payable after more than one year | 17 | €521,849 | €422,134 | -€99,715 | -19.1% |
| Financial debts | 170/4 | €521,849 | €422,134 | -€99,715 | -19.1% |
| Amounts payable within one year | 42/48 | €1,183,222 | €1,160,170 | -€23,052 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €156,610 | €133,418 | -€23,192 | -14.8% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €141,690 | €104,354 | -€37,336 | -26.4% |
| Suppliers | 440/4 | €141,690 | €104,354 | -€37,336 | -26.4% |
| Advances received on contracts in progress | 46 | €158,347 | €158,392 | +€45 | 0.0% |
| Taxes, remuneration and social security | 45 | €215,943 | €198,812 | -€17,131 | -7.9% |
| Taxes | 450/3 | €180,500 | €187,675 | +€7,175 | +4.0% |
| Remuneration and social security | 454/9 | €35,443 | €11,137 | -€24,306 | -68.6% |
| Other amounts payable | 47/48 | €10,632 | €65,194 | +€54,562 | +513.2% |
| Accrued charges and deferred income | 492/3 | - | €8,359 | +€8,359 | |
| Non-recurring operating income | 76A | €18,513 | - | -€18,513 | |
| Remuneration, social security and pensions | 62 | €145,712 | €69,086 | -€76,626 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,178 | €64,153 | -€43,025 | -40.1% |
| Other operating charges | 640/8 | €23,165 | €7,628 | -€15,537 | -67.1% |
| Non-recurring operating charges | 66A | - | €3,158 | +€3,158 | |
| Gross operating margin | 9900 | €230,636 | €212,327 | -€18,309 | -7.9% |
| Operating profit (loss) | 9901 | -€45,419 | €68,302 | +€113,721 | |
| Financial income | 75/76B | €37,998 | €19,585 | -€18,413 | -48.5% |
| Recurring financial income | 75 | €37,998 | €19,585 | -€18,413 | -48.5% |
| Financial charges | 65/66B | €101,178 | €88,048 | -€13,130 | -13.0% |
| Recurring financial charges | 65 | €101,178 | €88,048 | -€13,130 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€108,599 | -€161 | +€108,438 | +99.9% |
| Income taxes | 67/77 | €4,246 | - | -€4,246 | |
| Profit (loss) for the period | 9904 | -€112,845 | -€161 | +€112,684 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€112,845 | -€161 | +€112,684 | +99.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.