FRIMO: what changed
Two financial 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.
FRIMO
Largest movements
- Cash +€405,849
up €405,849 (+41.3%), from €981,684 to €1.4m
mainly Net result for the year (+€324,543) and Receivables within one year (+€199,271)
- Receivables within one year -€199,271
down €199,271 (-24.0%), from €828,679 to €629,408
of which Other amounts receivable: -€207,136
- Profit (loss) carried forward +€324,543
up €324,543 (+13.0%), from €2.5m to €2.8m
- Debts after one year -€99,996
down €99,996 (-12.5%), from €800,008 to €700,012
- Financial income +€104,463
up €104,463 (+51.4%), from €203,151 to €307,614
- Gross operating margin +€51,674
up €51,674 (+21.0%), from €246,182 to €297,855
- Taxes +€41,768
up €41,768 (+56.4%), from €74,041 to €115,809
- Financial charges -€15,096
down €15,096 (-18.5%), from €81,517 to €66,421
- Depreciation -€3,479
down €3,479 (-4.6%), from €75,064 to €71,586
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.
Derived cash bridge
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 | €7,120,023 | €7,355,554 | +€235,531 | +3.3% |
| Fixed assets | 21/28 | €1,915,838 | €1,875,801 | -€40,037 | -2.1% |
| Tangible fixed assets | 22/27 | €1,914,888 | €1,874,851 | -€40,037 | -2.1% |
| Land and buildings | 22 | €1,914,888 | €1,874,851 | -€40,037 | -2.1% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €5,204,185 | €5,479,753 | +€275,568 | +5.3% |
| Amounts receivable within one year | 40/41 | €828,679 | €629,408 | -€199,271 | -24.0% |
| Trade receivables | 40 | - | €7,865 | +€7,865 | |
| Other amounts receivable | 41 | €828,679 | €621,543 | -€207,136 | -25.0% |
| Current investments | 50/53 | €3,393,822 | €3,456,976 | +€63,153 | +1.9% |
| Cash at bank and in hand | 54/58 | €981,684 | €1,387,533 | +€405,849 | +41.3% |
| Deferred charges and accrued income | 490/1 | - | €5,837 | +€5,837 | |
| Total equity and liabilities | 10/49 | €7,120,023 | €7,355,554 | +€235,531 | +3.3% |
| Equity | 10/15 | €6,121,031 | €6,445,574 | +€324,543 | +5.3% |
| Contributions | 10/11 | €1,970,000 | €1,970,000 | = | 0.0% |
| Capital | 10 | €1,970,000 | €1,970,000 | = | 0.0% |
| Issued capital | 100 | €1,970,000 | €1,970,000 | = | 0.0% |
| Reserves | 13 | €1,660,936 | €1,660,936 | = | 0.0% |
| Non-distributable reserves | 130/1 | €197,000 | €197,000 | = | 0.0% |
| Legal reserve | 130 | €197,000 | €197,000 | = | 0.0% |
| Distributable reserves | 133 | €1,463,936 | €1,463,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,490,095 | €2,814,638 | +€324,543 | +13.0% |
| Amounts payable | 17/49 | €998,992 | €909,981 | -€89,012 | -8.9% |
| Amounts payable after more than one year | 17 | €800,008 | €700,012 | -€99,996 | -12.5% |
| Financial debts | 170/4 | €800,008 | €700,012 | -€99,996 | -12.5% |
| Amounts payable within one year | 42/48 | €198,984 | €209,969 | +€10,984 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €99,996 | €99,996 | = | 0.0% |
| Trade debts | 44 | €56,395 | €9,157 | -€47,238 | -83.8% |
| Suppliers | 440/4 | €56,395 | €9,157 | -€47,238 | -83.8% |
| Taxes, remuneration and social security | 45 | €42,593 | €100,816 | +€58,223 | +137% |
| Taxes | 450/3 | €42,593 | €100,816 | +€58,223 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,064 | €71,586 | -€3,479 | -4.6% |
| Other operating charges | 640/8 | €27,166 | €27,111 | -€56 | -0.2% |
| Gross operating margin | 9900 | €246,182 | €297,855 | +€51,674 | +21.0% |
| Operating profit (loss) | 9901 | €143,951 | €199,159 | +€55,208 | +38.4% |
| Financial income | 75/76B | €203,151 | €307,614 | +€104,463 | +51.4% |
| Recurring financial income | 75 | €203,151 | €307,614 | +€104,463 | +51.4% |
| Financial charges | 65/66B | €81,517 | €66,421 | -€15,096 | -18.5% |
| Recurring financial charges | 65 | €81,517 | €66,421 | -€15,096 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €265,585 | €440,352 | +€174,767 | +65.8% |
| Income taxes | 67/77 | €74,041 | €115,809 | +€41,768 | +56.4% |
| Profit (loss) for the period | 9904 | €191,544 | €324,543 | +€132,999 | +69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €191,544 | €324,543 | +€132,999 | +69.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.