FRIOLA: 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.
FRIOLA
Largest movements
- Cash -€14,554
down €14,554 (-79.1%), from €18,388 to €3,834
mainly Net result for the year (-€81,890) and Investment in fixed assets (net) (-€45,691)
- Tangible fixed assets -€12,912
down €12,912 (-3.3%), from €387,400 to €374,488
of which Plant, machinery and equipment: -€37,393
- Intangible fixed assets -€6,598
down €6,598 (-20.9%), from €31,640 to €25,042
- Profit (loss) carried forward -€81,890
down €81,890 (-31.9%), from -€257,001 to -€338,891
- Debts after one year +€67,496
up €67,496 (+14.0%), from €483,000 to €550,496
- Trade debts -€20,577
down €20,577 (-100.0%), from €20,577 to €0
- Gross operating margin +€89,958
up €89,958, from -€64,301 to €25,657
- Staff costs -€70,646
down €70,646 (-64.8%), from €108,976 to €38,330
- Depreciation -€15,869
down €15,869 (-19.6%), from €81,070 to €65,201
- Other operating charges +€1,513
up €1,513 (+72.8%), from €2,080 to €3,593
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 | €452,149 | €415,482 | -€36,667 | -8.1% |
| Fixed assets | 21/28 | €419,039 | €399,530 | -€19,509 | -4.7% |
| Intangible fixed assets | 21 | €31,640 | €25,042 | -€6,598 | -20.9% |
| Tangible fixed assets | 22/27 | €387,400 | €374,488 | -€12,912 | -3.3% |
| Plant, machinery and equipment | 23 | €341,728 | €304,335 | -€37,393 | -10.9% |
| Furniture and vehicles | 24 | €45,672 | €70,153 | +€24,481 | +53.6% |
| Current assets | 29/58 | €33,110 | €15,952 | -€17,158 | -51.8% |
| Stocks and contracts in progress | 3 | €6,184 | €6,395 | +€211 | +3.4% |
| Stocks | 30/36 | €6,184 | €6,395 | +€211 | +3.4% |
| Amounts receivable within one year | 40/41 | €5,248 | €1,628 | -€3,620 | -69.0% |
| Trade receivables | 40 | €315 | €1,054 | +€738 | +234.1% |
| Other amounts receivable | 41 | €4,932 | €574 | -€4,359 | -88.4% |
| Cash at bank and in hand | 54/58 | €18,388 | €3,834 | -€14,554 | -79.1% |
| Deferred charges and accrued income | 490/1 | €3,289 | €4,095 | +€805 | +24.5% |
| Total equity and liabilities | 10/49 | €452,149 | €415,482 | -€36,667 | -8.1% |
| Equity | 10/15 | -€57,001 | -€138,891 | -€81,890 | -143.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€257,001 | -€338,891 | -€81,890 | -31.9% |
| Amounts payable | 17/49 | €509,149 | €554,373 | +€45,223 | +8.9% |
| Amounts payable after more than one year | 17 | €483,000 | €550,496 | +€67,496 | +14.0% |
| Other amounts payable | 178/9 | €483,000 | €550,496 | +€67,496 | +14.0% |
| Amounts payable within one year | 42/48 | €26,149 | €3,877 | -€22,272 | -85.2% |
| Trade debts | 44 | €20,577 | €0 | -€20,577 | -100.0% |
| Suppliers | 440/4 | €20,577 | €0 | -€20,577 | -100.0% |
| Advances received on contracts in progress | 46 | €640 | €427 | -€213 | -33.3% |
| Taxes, remuneration and social security | 45 | €4,933 | €3,450 | -€1,482 | -30.0% |
| Taxes | 450/3 | €579 | €0 | -€579 | -100.0% |
| Remuneration and social security | 454/9 | €4,354 | €3,450 | -€904 | -20.8% |
| Remuneration, social security and pensions | 62 | €108,976 | €38,330 | -€70,646 | -64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,070 | €65,201 | -€15,869 | -19.6% |
| Other operating charges | 640/8 | €2,080 | €3,593 | +€1,513 | +72.8% |
| Gross operating margin | 9900 | -€64,301 | €25,657 | +€89,958 | |
| Operating profit (loss) | 9901 | -€256,427 | -€81,467 | +€174,960 | +68.2% |
| Financial income | 75/76B | €542 | €282 | -€260 | -47.9% |
| Recurring financial income | 75 | €542 | €282 | -€260 | -47.9% |
| Financial charges | 65/66B | €1,115 | €705 | -€410 | -36.8% |
| Recurring financial charges | 65 | €1,115 | €705 | -€410 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | -€257,001 | -€81,890 | +€175,110 | +68.1% |
| Profit (loss) for the period | 9904 | -€257,001 | -€81,890 | +€175,110 | +68.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€257,001 | -€81,890 | +€175,110 | +68.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.