Frinvestco: 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.
Frinvestco
Largest movements
- Receivables within one year -€175,000
no longer reported in 2025 (was €175,000)
- Financial fixed assets -€27,709
down €27,709 (-6.3%), from €443,176 to €415,467
- Cash +€25,429
up €25,429 (+24.7%), from €103,159 to €128,588
mainly Receivables within one year (+€175,000) and Net result for the year (+€119,979)
- Receivables after one year -€15,000
down €15,000 (-7.2%), from €207,955 to €192,955
- Debts after one year -€150,000
down €150,000 (-60.0%), from €250,000 to €100,000
- Other debts -€30,000
down €30,000 (-20.0%), from €150,000 to €120,000
- Contributions -€25,000
down €25,000 (-9.1%), from €275,000 to €250,000
- Gross operating margin -€21,846
down €21,846 (-16.6%), from €131,353 to €109,507
- Financial charges -€4,760
down €4,760 (-36.5%), from €13,033 to €8,273
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 | €940,841 | €743,020 | -€197,822 | -21.0% |
| Fixed assets | 21/28 | €443,176 | €415,467 | -€27,709 | -6.3% |
| Financial fixed assets | 28 | €443,176 | €415,467 | -€27,709 | -6.3% |
| Current assets | 29/58 | €497,665 | €327,552 | -€170,113 | -34.2% |
| Amounts receivable after more than one year | 29 | €207,955 | €192,955 | -€15,000 | -7.2% |
| Other amounts receivable | 291 | €207,955 | €192,955 | -€15,000 | -7.2% |
| Amounts receivable within one year | 40/41 | €175,000 | - | -€175,000 | |
| Other amounts receivable | 41 | €175,000 | - | -€175,000 | |
| Cash at bank and in hand | 54/58 | €103,159 | €128,588 | +€25,429 | +24.7% |
| Deferred charges and accrued income | 490/1 | €11,551 | €6,009 | -€5,541 | -48.0% |
| Total equity and liabilities | 10/49 | €940,841 | €743,020 | -€197,822 | -21.0% |
| Equity | 10/15 | €539,876 | €514,855 | -€25,021 | -4.6% |
| Contributions | 10/11 | €275,000 | €250,000 | -€25,000 | -9.1% |
| Profit (loss) carried forward | 14 | €264,876 | €264,855 | -€21 | 0.0% |
| Amounts payable | 17/49 | €400,965 | €228,164 | -€172,801 | -43.1% |
| Amounts payable after more than one year | 17 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Financial debts | 170/4 | €250,000 | €100,000 | -€150,000 | -60.0% |
| Amounts payable within one year | 42/48 | €150,965 | €120,612 | -€30,353 | -20.1% |
| Taxes, remuneration and social security | 45 | €965 | €612 | -€353 | -36.6% |
| Taxes | 450/3 | €965 | €612 | -€353 | -36.6% |
| Other amounts payable | 47/48 | €150,000 | €120,000 | -€30,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | - | €7,552 | +€7,552 | |
| Non-recurring operating income | 76A | €144,533 | €118,546 | -€25,986 | -18.0% |
| Other operating charges | 640/8 | €1,053 | €1,206 | +€154 | +14.6% |
| Gross operating margin | 9900 | €131,353 | €109,507 | -€21,846 | -16.6% |
| Operating profit (loss) | 9901 | €130,301 | €108,301 | -€22,000 | -16.9% |
| Financial income | 75/76B | €19,688 | €19,952 | +€264 | +1.3% |
| Recurring financial income | 75 | €19,688 | €19,952 | +€264 | +1.3% |
| Financial charges | 65/66B | €13,033 | €8,273 | -€4,760 | -36.5% |
| Recurring financial charges | 65 | €13,033 | €8,273 | -€4,760 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €136,955 | €119,979 | -€16,976 | -12.4% |
| Profit (loss) for the period | 9904 | €136,955 | €119,979 | -€16,976 | -12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €136,955 | €119,979 | -€16,976 | -12.4% |
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 31 October 2026 via checked.be.