FRISKE: what changed
Two financial 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.
FRISKE
Largest movements
- Receivables within one year -€192,503
down €192,503 (-37.7%), from €511,090 to €318,587
of which Trade receivables: -€185,604
- Tangible fixed assets +€171,918
up €171,918 (+67.2%), from €255,697 to €427,615
of which Other tangible fixed assets: +€175,039
- Cash -€120,938
down €120,938 (-74.8%), from €161,787 to €40,849
mainly Investment in fixed assets (net) (-€242,892) and Accrued charges and deferred income (-€213,900)
- Stocks and contracts +€28,968
up €28,968 (+11.0%), from €262,731 to €291,698
- Accrued charges and deferred income -€213,900
down €213,900 (-100%), from €213,900 to €0
- Reserves +€83,189
up €83,189 (+20.3%), from €410,636 to €493,825
- Debts after one year +€28,246
up €28,246 (+21.3%), from €132,500 to €160,746
- Gross operating margin -€38,201
down €38,201 (-7.1%), from €536,430 to €498,229
- Depreciation +€24,119
up €24,119 (+50.9%), from €47,380 to €71,499
- Taxes -€22,007
down €22,007 (-29.2%), from €75,251 to €53,245
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.
Derived cash bridge
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 | €1,203,727 | €1,090,926 | -€112,802 | -9.4% |
| Fixed assets | 21/28 | €256,592 | €427,985 | +€171,393 | +66.8% |
| Intangible fixed assets | 21 | €895 | €370 | -€525 | -58.7% |
| Tangible fixed assets | 22/27 | €255,697 | €427,615 | +€171,918 | +67.2% |
| Land and buildings | 22 | €97,759 | €38,272 | -€59,487 | -60.9% |
| Plant, machinery and equipment | 23 | €16,564 | €17,985 | +€1,421 | +8.6% |
| Furniture and vehicles | 24 | €73,299 | €128,244 | +€54,944 | +75.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €68,075 | €243,115 | +€175,039 | +257% |
| Current assets | 29/58 | €947,136 | €662,941 | -€284,195 | -30.0% |
| Stocks and contracts in progress | 3 | €262,731 | €291,698 | +€28,968 | +11.0% |
| Stocks | 30/36 | €262,731 | €291,698 | +€28,968 | +11.0% |
| Amounts receivable within one year | 40/41 | €511,090 | €318,587 | -€192,503 | -37.7% |
| Trade receivables | 40 | €434,572 | €248,968 | -€185,604 | -42.7% |
| Other amounts receivable | 41 | €76,519 | €69,620 | -€6,899 | -9.0% |
| Cash at bank and in hand | 54/58 | €161,787 | €40,849 | -€120,938 | -74.8% |
| Deferred charges and accrued income | 490/1 | €11,527 | €11,806 | +€279 | +2.4% |
| Total equity and liabilities | 10/49 | €1,203,727 | €1,090,926 | -€112,802 | -9.4% |
| Equity | 10/15 | €429,236 | €512,425 | +€83,189 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €410,636 | €493,825 | +€83,189 | +20.3% |
| Distributable reserves | 133 | €410,636 | €493,825 | +€83,189 | +20.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €774,491 | €578,501 | -€195,991 | -25.3% |
| Amounts payable after more than one year | 17 | €132,500 | €160,746 | +€28,246 | +21.3% |
| Financial debts | 170/4 | €132,500 | €160,746 | +€28,246 | +21.3% |
| Amounts payable within one year | 42/48 | €428,091 | €417,754 | -€10,337 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €36,276 | €27,759 | -€8,517 | -23.5% |
| Trade debts | 44 | €281,949 | €285,600 | +€3,651 | +1.3% |
| Suppliers | 440/4 | €281,949 | €285,600 | +€3,651 | +1.3% |
| Taxes, remuneration and social security | 45 | €19,307 | €18,731 | -€576 | -3.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €19,307 | €18,731 | -€576 | -3.0% |
| Other amounts payable | 47/48 | €90,560 | €85,664 | -€4,895 | -5.4% |
| Accrued charges and deferred income | 492/3 | €213,900 | €0 | -€213,900 | -100% |
| Remuneration, social security and pensions | 62 | €234,352 | €232,112 | -€2,240 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,380 | €71,499 | +€24,119 | +50.9% |
| Other operating charges | 640/8 | €3,844 | €2,827 | -€1,017 | -26.5% |
| Gross operating margin | 9900 | €536,430 | €498,229 | -€38,201 | -7.1% |
| Operating profit (loss) | 9901 | €250,853 | €191,790 | -€59,063 | -23.5% |
| Financial income | 75/76B | €4,484 | €3,964 | -€520 | -11.6% |
| Recurring financial income | 75 | €4,484 | €3,964 | -€520 | -11.6% |
| Financial charges | 65/66B | €5,267 | €9,494 | +€4,227 | +80.2% |
| Recurring financial charges | 65 | €5,267 | €9,494 | +€4,227 | +80.2% |
| Profit (loss) for the period before taxes | 9903 | €250,070 | €186,261 | -€63,810 | -25.5% |
| Income taxes | 67/77 | €75,251 | €53,245 | -€22,007 | -29.2% |
| Profit (loss) for the period | 9904 | €174,819 | €133,016 | -€41,803 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €174,819 | €133,016 | -€41,803 | -23.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.