FRISCH ANDRE: 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.
FRISCH ANDRE
Largest movements
- Current investments +€51,291
up €51,291 (+18.3%), from €279,899 to €331,190
- Cash -€49,593
down €49,593 (-55.3%), from €89,731 to €40,138
mainly Current investments (-€51,291) and Receivables within one year (-€8,109)
- Receivables within one year +€8,109
up €8,109 (+103.0%), from €7,873 to €15,982
of which Trade receivables: +€7,759
- Reserves +€8,686
up €8,686 (+13.9%), from €62,481 to €71,167
- Gross operating margin +€4,952
up €4,952 (+60.3%), from €8,206 to €13,158
- Other operating charges +€1,655
up €1,655 (+1071.5%), from €154 to €1,809
- Taxes +€914
up €914 (+28.2%), from €3,243 to €4,157
- Financial income -€457
down €457 (-19.6%), from €2,326 to €1,870
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 | €379,739 | €389,146 | +€9,407 | +2.5% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €379,739 | €389,146 | +€9,407 | +2.5% |
| Stocks and contracts in progress | 3 | €2,000 | €1,400 | -€600 | -30.0% |
| Stocks | 30/36 | €2,000 | €1,400 | -€600 | -30.0% |
| Amounts receivable within one year | 40/41 | €7,873 | €15,982 | +€8,109 | +103.0% |
| Trade receivables | 40 | €1,107 | €8,865 | +€7,759 | +701.2% |
| Other amounts receivable | 41 | €6,766 | €7,117 | +€350 | +5.2% |
| Current investments | 50/53 | €279,899 | €331,190 | +€51,291 | +18.3% |
| Cash at bank and in hand | 54/58 | €89,731 | €40,138 | -€49,593 | -55.3% |
| Deferred charges and accrued income | 490/1 | €237 | €436 | +€199 | +84.2% |
| Total equity and liabilities | 10/49 | €379,739 | €389,146 | +€9,407 | +2.5% |
| Equity | 10/15 | €378,394 | €387,080 | +€8,686 | +2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €62,481 | €71,167 | +€8,686 | +13.9% |
| Distributable reserves | 133 | €62,481 | €71,167 | +€8,686 | +13.9% |
| Profit (loss) carried forward | 14 | €297,320 | €297,320 | = | 0.0% |
| Amounts payable | 17/49 | €1,345 | €2,066 | +€721 | +53.6% |
| Amounts payable within one year | 42/48 | €1,345 | €2,066 | +€721 | +53.6% |
| Trade debts | 44 | €422 | €0 | -€422 | -100.0% |
| Suppliers | 440/4 | €422 | €0 | -€422 | -100.0% |
| Taxes, remuneration and social security | 45 | €673 | €1,541 | +€869 | +129.1% |
| Taxes | 450/3 | €673 | €1,541 | +€869 | +129.1% |
| Other amounts payable | 47/48 | €250 | €525 | +€275 | +110.0% |
| Other operating charges | 640/8 | €154 | €1,809 | +€1,655 | +1071.5% |
| Gross operating margin | 9900 | €8,206 | €13,158 | +€4,952 | +60.3% |
| Operating profit (loss) | 9901 | €8,052 | €11,349 | +€3,297 | +40.9% |
| Financial income | 75/76B | €2,326 | €1,870 | -€457 | -19.6% |
| Recurring financial income | 75 | €2,326 | €1,870 | -€457 | -19.6% |
| Financial charges | 65/66B | €407 | €376 | -€31 | -7.7% |
| Recurring financial charges | 65 | €407 | €376 | -€31 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €9,971 | €12,842 | +€2,871 | +28.8% |
| Income taxes | 67/77 | €3,243 | €4,157 | +€914 | +28.2% |
| Profit (loss) for the period | 9904 | €6,728 | €8,686 | +€1,958 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,728 | €8,686 | +€1,958 | +29.1% |
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.