FRISIUS: 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.
FRISIUS
Largest movements
- Stocks and contracts +€41,500
up €41,500 (+71.8%), from €57,816 to €99,316
- Financial fixed assets +€40,427
up €40,427 (+69.7%), from €57,995 to €98,422
- Tangible fixed assets +€22,806
up €22,806 (+139.2%), from €16,386 to €39,192
of which Plant, machinery and equipment: +€18,849
- Cash -€14,407
down €14,407 (-22.0%), from €65,410 to €51,002
mainly Net result for the year (-€93,491) and Investment in fixed assets (net) (-€73,620)
- Receivables within one year -€7,300
down €7,300 (-7.7%), from €94,961 to €87,661
of which Other amounts receivable: -€23,939
- Other debts +€102,982
up €102,982 (+140.4%), from €73,364 to €176,346
- Trade debts +€77,079
up €77,079 (+109.0%), from €70,686 to €147,766
- Reserves -€76,252
down €76,252 (-97.6%), from €78,112 to €1,860
of which Distributable reserves: -€76,252
- Profit (loss) carried forward -€17,238
new in 2024: -€17,238
- Tax, wage and social debts -€15,308
down €15,308 (-80.7%), from €18,978 to €3,670
of which Taxes: -€11,118
- Gross operating margin -€90,434
down €90,434, from €82,176 to -€8,259
- Staff costs +€20,568
up €20,568 (+153.1%), from €13,431 to €33,999
- Other operating charges +€5,640
up €5,640 (+242.4%), from €2,327 to €7,967
- Financial income +€1,512
up €1,512 (+51.0%), from €2,963 to €4,475
- Taxes -€950
down €950 (-76.7%), from €1,239 to €289
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,661 | €378,227 | +€76,566 | +25.4% |
| Fixed assets | 21/28 | €74,381 | €137,614 | +€63,233 | +85.0% |
| Tangible fixed assets | 22/27 | €16,386 | €39,192 | +€22,806 | +139.2% |
| Plant, machinery and equipment | 23 | - | €18,849 | +€18,849 | |
| Furniture and vehicles | 24 | €1,045 | €1,056 | +€11 | +1.1% |
| Other tangible fixed assets | 26 | €15,342 | €19,288 | +€3,946 | +25.7% |
| Financial fixed assets | 28 | €57,995 | €98,422 | +€40,427 | +69.7% |
| Current assets | 29/58 | €227,280 | €240,612 | +€13,333 | +5.9% |
| Stocks and contracts in progress | 3 | €57,816 | €99,316 | +€41,500 | +71.8% |
| Stocks | 30/36 | €57,816 | €99,316 | +€41,500 | +71.8% |
| Amounts receivable within one year | 40/41 | €94,961 | €87,661 | -€7,300 | -7.7% |
| Trade receivables | 40 | €30,632 | €47,271 | +€16,639 | +54.3% |
| Other amounts receivable | 41 | €64,329 | €40,390 | -€23,939 | -37.2% |
| Cash at bank and in hand | 54/58 | €65,410 | €51,002 | -€14,407 | -22.0% |
| Deferred charges and accrued income | 490/1 | €9,093 | €2,632 | -€6,460 | -71.0% |
| Total equity and liabilities | 10/49 | €301,661 | €378,227 | +€76,566 | +25.4% |
| Equity | 10/15 | €84,312 | -€9,178 | -€93,491 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,112 | €1,860 | -€76,252 | -97.6% |
| 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 | €76,252 | €0 | -€76,252 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€17,238 | -€17,238 | |
| Amounts payable | 17/49 | €217,349 | €387,405 | +€170,057 | +78.2% |
| Amounts payable after more than one year | 17 | €38,765 | €40,806 | +€2,040 | +5.3% |
| Financial debts | 170/4 | €38,765 | €40,806 | +€2,040 | +5.3% |
| Amounts payable within one year | 42/48 | €178,583 | €346,599 | +€168,016 | +94.1% |
| Current portion of amounts payable after more than one year | 42 | €15,555 | €18,818 | +€3,263 | +21.0% |
| Trade debts | 44 | €70,686 | €147,766 | +€77,079 | +109.0% |
| Suppliers | 440/4 | €70,686 | €147,766 | +€77,079 | +109.0% |
| Taxes, remuneration and social security | 45 | €18,978 | €3,670 | -€15,308 | -80.7% |
| Taxes | 450/3 | €12,603 | €1,485 | -€11,118 | -88.2% |
| Remuneration and social security | 454/9 | €6,375 | €2,185 | -€4,189 | -65.7% |
| Other amounts payable | 47/48 | €73,364 | €176,346 | +€102,982 | +140.4% |
| Remuneration, social security and pensions | 62 | €13,431 | €33,999 | +€20,568 | +153.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,000 | €10,387 | -€613 | -5.6% |
| Other operating charges | 640/8 | €2,327 | €7,967 | +€5,640 | +242.4% |
| Non-recurring operating charges | 66A | - | €34,560 | +€34,560 | |
| Gross operating margin | 9900 | €82,176 | -€8,259 | -€90,434 | |
| Operating profit (loss) | 9901 | €55,418 | -€95,172 | -€150,590 | |
| Financial income | 75/76B | €2,963 | €4,475 | +€1,512 | +51.0% |
| Recurring financial income | 75 | €2,963 | €4,475 | +€1,512 | +51.0% |
| Financial charges | 65/66B | €2,604 | €2,504 | -€100 | -3.8% |
| Recurring financial charges | 65 | €2,604 | €2,504 | -€100 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €55,777 | -€93,202 | -€148,979 | |
| Income taxes | 67/77 | €1,239 | €289 | -€950 | -76.7% |
| Profit (loss) for the period | 9904 | €54,538 | -€93,491 | -€148,029 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,538 | -€93,491 | -€148,029 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.