FRIOTRANS: 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.
FRIOTRANS
Largest movements
- Receivables within one year -€267,047
down €267,047 (-88.5%), from €301,700 to €34,653
of which Trade receivables: -€133,707
- Cash -€38,267
down €38,267 (-98.3%), from €38,937 to €670
mainly Net result for the year (-€150,376) and Trade debts (-€73,278)
- Tangible fixed assets -€10,888
down €10,888 (-17.3%), from €63,021 to €52,133
of which Land and buildings: -€10,427
- Profit (loss) carried forward -€150,376
down €150,376 (-55.1%), from -€272,684 to -€423,060
- Trade debts -€73,278
down €73,278 (-88.2%), from €83,060 to €9,782
- Tax, wage and social debts -€66,426
down €66,426 (-92.6%), from €71,768 to €5,341
of which Taxes: -€63,139
- Other debts -€28,284
down €28,284 (-6.1%), from €465,137 to €436,853
- Financial charges -€1.0m
down €1.0m (-99.9%), from €1.0m to €653
of which Non-recurring financial charges: -€1.0m
- Write-downs -€350,849
down €350,849 (-73.4%), from €478,267 to €127,418
- Gross operating margin -€189,550
down €189,550, from €186,340 to -€3,211
- Staff costs -€32,886
down €32,886, from €29,599 to -€3,287
- Other operating charges +€2,837
up €2,837 (+32.6%), from €8,707 to €11,544
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 | €415,480 | €97,148 | -€318,333 | -76.6% |
| Fixed assets | 21/28 | €74,521 | €61,133 | -€13,388 | -18.0% |
| Tangible fixed assets | 22/27 | €63,021 | €52,133 | -€10,888 | -17.3% |
| Land and buildings | 22 | €62,560 | €52,133 | -€10,427 | -16.7% |
| Plant, machinery and equipment | 23 | €461 | €0 | -€461 | -100% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €11,500 | €9,000 | -€2,500 | -21.7% |
| Current assets | 29/58 | €340,959 | €36,014 | -€304,945 | -89.4% |
| Amounts receivable within one year | 40/41 | €301,700 | €34,653 | -€267,047 | -88.5% |
| Trade receivables | 40 | €168,360 | €34,653 | -€133,707 | -79.4% |
| Other amounts receivable | 41 | €133,341 | €0 | -€133,341 | -100% |
| Cash at bank and in hand | 54/58 | €38,937 | €670 | -€38,267 | -98.3% |
| Deferred charges and accrued income | 490/1 | €322 | €692 | +€370 | +115% |
| Total equity and liabilities | 10/49 | €415,480 | €97,148 | -€318,333 | -76.6% |
| Equity | 10/15 | -€204,484 | -€354,860 | -€150,376 | -73.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€272,684 | -€423,060 | -€150,376 | -55.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €619,965 | €452,008 | -€167,957 | -27.1% |
| Amounts payable within one year | 42/48 | €619,965 | €451,976 | -€167,988 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €83,060 | €9,782 | -€73,278 | -88.2% |
| Suppliers | 440/4 | €83,060 | €9,782 | -€73,278 | -88.2% |
| Taxes, remuneration and social security | 45 | €71,768 | €5,341 | -€66,426 | -92.6% |
| Taxes | 450/3 | €68,481 | €5,341 | -€63,139 | -92.2% |
| Remuneration and social security | 454/9 | €3,287 | €0 | -€3,287 | -100% |
| Other amounts payable | 47/48 | €465,137 | €436,853 | -€28,284 | -6.1% |
| Accrued charges and deferred income | 492/3 | €0 | €31 | +€31 | |
| Non-recurring operating income | 76A | €31,550 | €0 | -€31,550 | -100% |
| Remuneration, social security and pensions | 62 | €29,599 | -€3,287 | -€32,886 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,057 | €10,427 | -€630 | -5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €478,267 | €127,418 | -€350,849 | -73.4% |
| Other operating charges | 640/8 | €8,707 | €11,544 | +€2,837 | +32.6% |
| Non-recurring operating charges | 66A | €65,490 | €461 | -€65,029 | -99.3% |
| Gross operating margin | 9900 | €186,340 | -€3,211 | -€189,550 | |
| Operating profit (loss) | 9901 | -€406,781 | -€149,774 | +€257,007 | +63.2% |
| Financial income | 75/76B | €102 | €0 | -€102 | -100% |
| Recurring financial income | 75 | €102 | €0 | -€102 | -100% |
| Financial charges | 65/66B | €1,009,074 | €653 | -€1.0m | -99.9% |
| Recurring financial charges | 65 | -€15,926 | €653 | +€16,578 | |
| Non-recurring financial charges | 66B | €1,025,000 | €0 | -€1.0m | -100% |
| Profit (loss) for the period before taxes | 9903 | -€1,415,753 | -€150,427 | +€1.3m | +89.4% |
| Transfer from deferred taxes | 780 | €78,112 | €0 | -€78,112 | -100% |
| Income taxes | 67/77 | -€1,084 | -€51 | +€1,033 | +95.3% |
| Profit (loss) for the period | 9904 | -€1,336,557 | -€150,376 | +€1.2m | +88.7% |
| Transfer from tax-exempt reserves | 789 | €234,334 | €0 | -€234,334 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,102,223 | -€150,376 | +€951,848 | +86.4% |
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.