FRISHA: 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.
FRISHA
Largest movements
- Tangible fixed assets +€64,231
up €64,231 (+406.7%), from €15,794 to €80,025
of which Land and buildings: +€63,291
- Receivables within one year +€34,374
up €34,374 (+301.6%), from €11,397 to €45,772
of which Trade receivables: +€24,068
- Debts after one year +€59,599
new in 2025: €59,599
- Trade debts +€28,255
up €28,255 (+301.5%), from €9,373 to €37,629
- Reserves +€10,312
up €10,312 (+38.3%), from €26,904 to €37,215
- Current portion of long-term debt +€3,285
new in 2025: €3,285
- Tax, wage and social debts -€2,487
down €2,487 (-27.5%), from €9,044 to €6,558
of which Remuneration and social security: -€2,797
- Gross operating margin -€41,092
down €41,092 (-38.1%), from €107,718 to €66,626
- Staff costs -€27,079
down €27,079 (-41.0%), from €66,016 to €38,936
- Other operating charges +€8,077
up €8,077 (+1426.7%), from €566 to €8,643
- Taxes -€3,873
down €3,873 (-54.2%), from €7,147 to €3,274
- Financial charges -€1,352
down €1,352 (-25.3%), from €5,349 to €3,996
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 | €50,721 | €149,286 | +€98,564 | +194.3% |
| Fixed assets | 21/28 | €15,794 | €80,025 | +€64,231 | +406.7% |
| Tangible fixed assets | 22/27 | €15,794 | €80,025 | +€64,231 | +406.7% |
| Land and buildings | 22 | €15,362 | €78,653 | +€63,291 | +412.0% |
| Plant, machinery and equipment | 23 | €431 | €1,372 | +€940 | +218.1% |
| Current assets | 29/58 | €34,928 | €69,261 | +€34,333 | +98.3% |
| Stocks and contracts in progress | 3 | €1,229 | €1,169 | -€60 | -4.8% |
| Stocks | 30/36 | €1,229 | €1,169 | -€60 | -4.8% |
| Amounts receivable within one year | 40/41 | €11,397 | €45,772 | +€34,374 | +301.6% |
| Trade receivables | 40 | €1,578 | €25,646 | +€24,068 | +1525.0% |
| Other amounts receivable | 41 | €9,819 | €20,125 | +€10,306 | +105.0% |
| Cash at bank and in hand | 54/58 | €20,955 | €21,480 | +€524 | +2.5% |
| Deferred charges and accrued income | 490/1 | €1,346 | €840 | -€506 | -37.6% |
| Total equity and liabilities | 10/49 | €50,721 | €149,286 | +€98,564 | +194.3% |
| Equity | 10/15 | €31,904 | €42,215 | +€10,312 | +32.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,904 | €37,215 | +€10,312 | +38.3% |
| Distributable reserves | 133 | €26,904 | €37,215 | +€10,312 | +38.3% |
| Amounts payable | 17/49 | €18,818 | €107,070 | +€88,253 | +469.0% |
| Amounts payable after more than one year | 17 | - | €59,599 | +€59,599 | |
| Financial debts | 170/4 | - | €59,599 | +€59,599 | |
| Amounts payable within one year | 42/48 | €18,418 | €47,471 | +€29,054 | +157.8% |
| Current portion of amounts payable after more than one year | 42 | - | €3,285 | +€3,285 | |
| Trade debts | 44 | €9,373 | €37,629 | +€28,255 | +301.5% |
| Suppliers | 440/4 | €9,373 | €37,629 | +€28,255 | +301.5% |
| Taxes, remuneration and social security | 45 | €9,044 | €6,558 | -€2,487 | -27.5% |
| Taxes | 450/3 | €41 | €351 | +€310 | +764.2% |
| Remuneration and social security | 454/9 | €9,004 | €6,207 | -€2,797 | -31.1% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Remuneration, social security and pensions | 62 | €66,016 | €38,936 | -€27,079 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,971 | €1,991 | +€20 | +1.0% |
| Other operating charges | 640/8 | €566 | €8,643 | +€8,077 | +1426.7% |
| Gross operating margin | 9900 | €107,718 | €66,626 | -€41,092 | -38.1% |
| Operating profit (loss) | 9901 | €39,164 | €17,055 | -€22,109 | -56.5% |
| Financial income | 75/76B | €234 | €527 | +€292 | +124.6% |
| Recurring financial income | 75 | €234 | €527 | +€292 | +124.6% |
| Financial charges | 65/66B | €5,349 | €3,996 | -€1,352 | -25.3% |
| Recurring financial charges | 65 | €5,349 | €3,996 | -€1,352 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €34,050 | €13,586 | -€20,465 | -60.1% |
| Income taxes | 67/77 | €7,147 | €3,274 | -€3,873 | -54.2% |
| Profit (loss) for the period | 9904 | €26,904 | €10,312 | -€16,592 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,904 | €10,312 | -€16,592 | -61.7% |
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.