FRINSO: 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.
FRINSO
Largest movements
- Cash +€341,775
up €341,775 (+265.0%), from €128,957 to €470,732
mainly Net result for the year (+€292,733) and Tax, wage and social debts (+€42,743)
- Tangible fixed assets +€52,137
up €52,137 (+35.9%), from €145,111 to €197,248
of which Furniture and vehicles: +€73,303
- Receivables within one year -€29,401
down €29,401 (-26.9%), from €109,385 to €79,983
of which Trade receivables: -€24,802
- Reserves +€200,000
up €200,000 (+91.2%), from €219,304 to €419,304
- Profit (loss) carried forward +€92,733
up €92,733 (+167.3%), from €55,436 to €148,169
- Tax, wage and social debts +€42,743
up €42,743 (+49.3%), from €86,672 to €129,416
of which Taxes: +€54,654
- Trade debts +€27,832
up €27,832 (+145.1%), from €19,176 to €47,007
- Gross operating margin +€298,040
up €298,040 (+202.7%), from €147,059 to €445,099
- Taxes +€79,245
up €79,245 (+205.1%), from €38,645 to €117,890
- Depreciation +€14,877
up €14,877 (+72.4%), from €20,541 to €35,418
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 | €385,588 | €748,896 | +€363,308 | +94.2% |
| Fixed assets | 21/28 | €145,111 | €197,248 | +€52,137 | +35.9% |
| Tangible fixed assets | 22/27 | €145,111 | €197,248 | +€52,137 | +35.9% |
| Furniture and vehicles | 24 | €3,839 | €77,142 | +€73,303 | +1909.4% |
| Other tangible fixed assets | 26 | €141,272 | €120,107 | -€21,166 | -15.0% |
| Current assets | 29/58 | €240,476 | €551,648 | +€311,172 | +129.4% |
| Amounts receivable within one year | 40/41 | €109,385 | €79,983 | -€29,401 | -26.9% |
| Trade receivables | 40 | €96,056 | €71,254 | -€24,802 | -25.8% |
| Other amounts receivable | 41 | €13,329 | €8,730 | -€4,599 | -34.5% |
| Cash at bank and in hand | 54/58 | €128,957 | €470,732 | +€341,775 | +265.0% |
| Deferred charges and accrued income | 490/1 | €2,134 | €932 | -€1,202 | -56.3% |
| Total equity and liabilities | 10/49 | €385,588 | €748,896 | +€363,308 | +94.2% |
| Equity | 10/15 | €279,739 | €572,473 | +€292,733 | +104.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €219,304 | €419,304 | +€200,000 | +91.2% |
| Distributable reserves | 133 | €219,304 | €419,304 | +€200,000 | +91.2% |
| Profit (loss) carried forward | 14 | €55,436 | €148,169 | +€92,733 | +167.3% |
| Amounts payable | 17/49 | €105,848 | €176,423 | +€70,575 | +66.7% |
| Amounts payable within one year | 42/48 | €105,848 | €176,423 | +€70,575 | +66.7% |
| Trade debts | 44 | €19,176 | €47,007 | +€27,832 | +145.1% |
| Suppliers | 440/4 | €19,176 | €47,007 | +€27,832 | +145.1% |
| Taxes, remuneration and social security | 45 | €86,672 | €129,416 | +€42,743 | +49.3% |
| Taxes | 450/3 | €74,762 | €129,416 | +€54,654 | +73.1% |
| Remuneration and social security | 454/9 | €11,911 | - | -€11,911 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,541 | €35,418 | +€14,877 | +72.4% |
| Other operating charges | 640/8 | €431 | €684 | +€253 | +58.8% |
| Gross operating margin | 9900 | €147,059 | €445,099 | +€298,040 | +202.7% |
| Operating profit (loss) | 9901 | €126,087 | €408,996 | +€282,909 | +224.4% |
| Financial income | 75/76B | €1,146 | €1,755 | +€610 | +53.2% |
| Recurring financial income | 75 | €1,146 | €1,755 | +€610 | +53.2% |
| Financial charges | 65/66B | €170 | €128 | -€42 | -24.8% |
| Recurring financial charges | 65 | €170 | €128 | -€42 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €127,062 | €410,624 | +€283,561 | +223.2% |
| Income taxes | 67/77 | €38,645 | €117,890 | +€79,245 | +205.1% |
| Profit (loss) for the period | 9904 | €88,417 | €292,733 | +€204,316 | +231.1% |
| Profit (loss) for the period to be appropriated | 9905 | €88,417 | €292,733 | +€204,316 | +231.1% |
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 11 October 2026 via checked.be.