FRISANE: 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.
FRISANE
Largest movements
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Receivables within one year +€42,004
up €42,004 (+74.3%), from €56,534 to €98,538
of which Other amounts receivable: +€69,673
- Deferred charges and accrued income +€12,226
up €12,226 (+1368.6%), from €893 to €13,119
- Cash -€11,225
down €11,225 (-71.2%), from €15,767 to €4,542
mainly Receivables within one year (-€42,004) and Deferred charges and accrued income (-€12,226)
- Other debts -€3,623
down €3,623 (-16.2%), from €22,430 to €18,807
- Tax, wage and social debts -€3,406
down €3,406 (-33.0%), from €10,329 to €6,924
of which Taxes: -€3,406
- Gross operating margin -€28,611
down €28,611 (-97.9%), from €29,217 to €606
- Taxes +€2,387
up €2,387, from -€2,387 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 | €217,587 | €210,804 | -€6,783 | -3.1% |
| Fixed assets | 21/28 | €94,393 | €94,605 | +€213 | +0.2% |
| Tangible fixed assets | 22/27 | €94,368 | €94,580 | +€213 | +0.2% |
| Land and buildings | 22 | €93,706 | €93,337 | -€369 | -0.4% |
| Furniture and vehicles | 24 | €661 | €1,243 | +€582 | +87.9% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €123,194 | €116,199 | -€6,995 | -5.7% |
| Amounts receivable within one year | 40/41 | €56,534 | €98,538 | +€42,004 | +74.3% |
| Trade receivables | 40 | €46,176 | €18,507 | -€27,669 | -59.9% |
| Other amounts receivable | 41 | €10,358 | €80,031 | +€69,673 | +672.7% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €15,767 | €4,542 | -€11,225 | -71.2% |
| Deferred charges and accrued income | 490/1 | €893 | €13,119 | +€12,226 | +1368.6% |
| Total equity and liabilities | 10/49 | €217,587 | €210,804 | -€6,783 | -3.1% |
| Equity | 10/15 | €184,162 | €183,003 | -€1,159 | -0.6% |
| Contributions | 10/11 | €116,275 | €116,275 | = | 0.0% |
| Capital | 10 | €116,275 | €116,275 | = | 0.0% |
| Issued capital | 100 | €116,275 | €116,275 | = | 0.0% |
| Reserves | 13 | €30,538 | €30,538 | = | 0.0% |
| Non-distributable reserves | 130/1 | €557 | €557 | = | 0.0% |
| Legal reserve | 130 | €557 | €557 | = | 0.0% |
| Distributable reserves | 133 | €29,981 | €29,981 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,350 | €36,191 | -€1,159 | -3.1% |
| Amounts payable | 17/49 | €33,425 | €27,801 | -€5,623 | -16.8% |
| Amounts payable within one year | 42/48 | €33,412 | €27,801 | -€5,610 | -16.8% |
| Trade debts | 44 | €652 | €2,070 | +€1,418 | +217.5% |
| Suppliers | 440/4 | €652 | €2,070 | +€1,418 | +217.5% |
| Taxes, remuneration and social security | 45 | €10,329 | €6,924 | -€3,406 | -33.0% |
| Taxes | 450/3 | €10,329 | €6,924 | -€3,406 | -33.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €22,430 | €18,807 | -€3,623 | -16.2% |
| Accrued charges and deferred income | 492/3 | €13 | €0 | -€13 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,180 | €1,247 | +€67 | +5.7% |
| Other operating charges | 640/8 | €531 | €465 | -€65 | -12.3% |
| Gross operating margin | 9900 | €29,217 | €606 | -€28,611 | -97.9% |
| Operating profit (loss) | 9901 | €27,506 | -€1,106 | -€28,613 | |
| Financial income | 75/76B | €285 | €103 | -€182 | -63.8% |
| Recurring financial income | 75 | €285 | €103 | -€182 | -63.8% |
| Financial charges | 65/66B | €198 | €156 | -€42 | -21.0% |
| Recurring financial charges | 65 | €198 | €156 | -€42 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €27,594 | -€1,159 | -€28,753 | |
| Income taxes | 67/77 | -€2,387 | €0 | +€2,387 | |
| Profit (loss) for the period | 9904 | €29,981 | -€1,159 | -€31,140 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,981 | -€1,159 | -€31,140 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.