FRISA: 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.
FRISA
Largest movements
- Receivables within one year +€8,634
up €8,634 (+62.4%), from €13,829 to €22,463
of which Trade receivables: +€12,899
- Tangible fixed assets +€8,449
up €8,449 (+88.2%), from €9,583 to €18,032
of which Furniture and vehicles: +€9,131
- Cash +€1,805
up €1,805 (+38.6%), from €4,672 to €6,478
mainly Other debts (+€16,024) and Trade debts (+€5,010)
- Other debts +€16,024
up €16,024 (+49.3%), from €32,514 to €48,538
- Trade debts +€5,010
up €5,010 (+72.7%), from €6,888 to €11,897
- Profit (loss) carried forward -€1,198
down €1,198 (-2.6%), from -€46,495 to -€47,693
- Tax, wage and social debts -€966
down €966 (-50.6%), from €1,908 to €942
- Gross operating margin +€13,279
up €13,279 (+73.1%), from -€18,175 to -€4,895
- Financial income +€6,356
new in 2025: €6,356
of which Financial income: +€6,356
- Taxes -€942
down €942 (-100.0%), from €942 to €0
- Other operating charges -€468
down €468 (-100.0%), from €468 to €0
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 | €28,491 | €47,360 | +€18,870 | +66.2% |
| Fixed assets | 21/28 | €9,583 | €18,032 | +€8,449 | +88.2% |
| Tangible fixed assets | 22/27 | €9,583 | €18,032 | +€8,449 | +88.2% |
| Plant, machinery and equipment | 23 | €4,804 | €4,123 | -€681 | -14.2% |
| Furniture and vehicles | 24 | €4,778 | €13,909 | +€9,131 | +191.1% |
| Current assets | 29/58 | €18,908 | €29,328 | +€10,420 | +55.1% |
| Amounts receivable within one year | 40/41 | €13,829 | €22,463 | +€8,634 | +62.4% |
| Trade receivables | 40 | €7,415 | €20,314 | +€12,899 | +174.0% |
| Other amounts receivable | 41 | €6,414 | €2,149 | -€4,265 | -66.5% |
| Cash at bank and in hand | 54/58 | €4,672 | €6,478 | +€1,805 | +38.6% |
| Deferred charges and accrued income | 490/1 | €407 | €388 | -€19 | -4.7% |
| Total equity and liabilities | 10/49 | €28,491 | €47,360 | +€18,870 | +66.2% |
| Equity | 10/15 | -€12,819 | -€14,017 | -€1,198 | -9.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,476 | €27,476 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,616 | €25,616 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,495 | -€47,693 | -€1,198 | -2.6% |
| Amounts payable | 17/49 | €41,310 | €61,378 | +€20,068 | +48.6% |
| Amounts payable within one year | 42/48 | €41,310 | €61,378 | +€20,068 | +48.6% |
| Trade debts | 44 | €6,888 | €11,897 | +€5,010 | +72.7% |
| Suppliers | 440/4 | €6,888 | €11,897 | +€5,010 | +72.7% |
| Taxes, remuneration and social security | 45 | €1,908 | €942 | -€966 | -50.6% |
| Taxes | 450/3 | €1,908 | €942 | -€966 | -50.6% |
| Other amounts payable | 47/48 | €32,514 | €48,538 | +€16,024 | +49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,274 | €2,363 | +€89 | +3.9% |
| Other operating charges | 640/8 | €468 | €0 | -€468 | -100.0% |
| Gross operating margin | 9900 | -€18,175 | -€4,895 | +€13,279 | +73.1% |
| Operating profit (loss) | 9901 | -€20,917 | -€7,258 | +€13,659 | +65.3% |
| Financial income | 75/76B | - | €6,356 | +€6,356 | |
| Recurring financial income | 75 | - | €6,356 | +€6,356 | |
| Non-recurring financial income | 76B | - | €6,356 | +€6,356 | |
| Financial charges | 65/66B | €263 | €296 | +€33 | +12.6% |
| Recurring financial charges | 65 | €263 | €296 | +€33 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,179 | -€1,198 | +€19,981 | +94.3% |
| Income taxes | 67/77 | €942 | €0 | -€942 | -100.0% |
| Profit (loss) for the period | 9904 | -€22,122 | -€1,198 | +€20,923 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,122 | -€1,198 | +€20,923 | +94.6% |
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 9 October 2026 via checked.be.