Frisbi: 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.
Frisbi
Largest movements
- Financial fixed assets +€152,600
new in 2025: €152,600
- Receivables within one year +€60,902
up €60,902 (+204.1%), from €29,832 to €90,734
of which Other amounts receivable: +€51,303
- Tangible fixed assets -€44,322
down €44,322 (-2.6%), from €1.7m to €1.7m
of which Land and buildings: -€39,144
- Debts after one year +€105,220
up €105,220 (+7.3%), from €1.4m to €1.5m
- Other debts +€35,651
up €35,651 (+40.1%), from €88,889 to €124,540
- Current portion of long-term debt +€23,105
up €23,105 (+40.8%), from €56,675 to €79,780
- Depreciation -€18,128
down €18,128 (-25.7%), from €70,653 to €52,525
- Financial charges +€10,758
up €10,758 (+47.3%), from €22,739 to €33,497
- Other operating charges +€6,115
up €6,115 (+344.5%), from €1,775 to €7,890
- Gross operating margin -€5,067
down €5,067 (-4.9%), from €103,276 to €98,209
- Taxes -€3,386
down €3,386 (-60.1%), from €5,634 to €2,248
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 | €1,753,419 | €1,918,453 | +€165,034 | +9.4% |
| Fixed assets | 21/28 | €1,711,824 | €1,820,102 | +€108,278 | +6.3% |
| Tangible fixed assets | 22/27 | €1,711,824 | €1,667,502 | -€44,322 | -2.6% |
| Land and buildings | 22 | €1,704,526 | €1,665,382 | -€39,144 | -2.3% |
| Plant, machinery and equipment | 23 | €1,483 | €2,120 | +€637 | +43.0% |
| Furniture and vehicles | 24 | €5,815 | €0 | -€5,815 | -100.0% |
| Financial fixed assets | 28 | - | €152,600 | +€152,600 | |
| Current assets | 29/58 | €41,595 | €98,351 | +€56,756 | +136.4% |
| Amounts receivable within one year | 40/41 | €29,832 | €90,734 | +€60,902 | +204.1% |
| Trade receivables | 40 | €28,410 | €38,009 | +€9,599 | +33.8% |
| Other amounts receivable | 41 | €1,422 | €52,725 | +€51,303 | +3607.8% |
| Cash at bank and in hand | 54/58 | €10,735 | €6,502 | -€4,233 | -39.4% |
| Deferred charges and accrued income | 490/1 | €1,028 | €1,115 | +€87 | +8.5% |
| Total equity and liabilities | 10/49 | €1,753,419 | €1,918,453 | +€165,034 | +9.4% |
| Equity | 10/15 | €137,789 | €140,845 | +€3,056 | +2.2% |
| Contributions | 10/11 | €4,561 | €4,561 | = | 0.0% |
| Reserves | 13 | €133,228 | €136,284 | +€3,056 | +2.3% |
| Tax-exempt reserves | 132 | €122,739 | €118,715 | -€4,024 | -3.3% |
| Distributable reserves | 133 | €10,489 | €17,569 | +€7,080 | +67.5% |
| Provisions and deferred taxes | 16 | €30,685 | €29,679 | -€1,006 | -3.3% |
| Deferred taxes | 168 | €30,685 | €29,679 | -€1,006 | -3.3% |
| Amounts payable | 17/49 | €1,584,945 | €1,747,929 | +€162,984 | +10.3% |
| Amounts payable after more than one year | 17 | €1,431,973 | €1,537,193 | +€105,220 | +7.3% |
| Financial debts | 170/4 | €1,431,973 | €1,537,193 | +€105,220 | +7.3% |
| Amounts payable within one year | 42/48 | €151,972 | €209,736 | +€57,764 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | €56,675 | €79,780 | +€23,105 | +40.8% |
| Trade debts | 44 | €2,750 | €2,171 | -€579 | -21.1% |
| Suppliers | 440/4 | €2,750 | €2,171 | -€579 | -21.1% |
| Taxes, remuneration and social security | 45 | €3,658 | €3,245 | -€413 | -11.3% |
| Taxes | 450/3 | €3,658 | €3,245 | -€413 | -11.3% |
| Other amounts payable | 47/48 | €88,889 | €124,540 | +€35,651 | +40.1% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,653 | €52,525 | -€18,128 | -25.7% |
| Other operating charges | 640/8 | €1,775 | €7,890 | +€6,115 | +344.5% |
| Gross operating margin | 9900 | €103,276 | €98,209 | -€5,067 | -4.9% |
| Operating profit (loss) | 9901 | €30,848 | €37,794 | +€6,946 | +22.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €22,739 | €33,497 | +€10,758 | +47.3% |
| Recurring financial charges | 65 | €22,739 | €33,497 | +€10,758 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €8,109 | €4,298 | -€3,811 | -47.0% |
| Transfer from deferred taxes | 780 | €1,006 | €1,006 | = | 0.0% |
| Income taxes | 67/77 | €5,634 | €2,248 | -€3,386 | -60.1% |
| Profit (loss) for the period | 9904 | €3,481 | €3,056 | -€425 | -12.2% |
| Transfer from tax-exempt reserves | 789 | €4,025 | €4,024 | -€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,506 | €7,080 | -€426 | -5.7% |
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 5 October 2026 via checked.be.