FRISO BRUURS: 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.
FRISO BRUURS
Largest movements
- Financial fixed assets +€115,000
new in 2025: €115,000
- Receivables within one year +€94,988
up €94,988 (+270%), from €35,184 to €130,171
of which Trade receivables: +€100,034
- Tangible fixed assets +€41,460
up €41,460 (+12.9%), from €322,458 to €363,919
of which Plant, machinery and equipment: +€58,829
- Cash -€26,877
down €26,877 (-19.5%), from €137,845 to €110,968
mainly Investment in fixed assets (net) (-€250,713) and Receivables within one year (-€94,988)
- Debts after one year +€120,000
up €120,000, from €0 to €120,000
- Reserves +€70,715
up €70,715 (+18.5%), from €383,023 to €453,738
of which Distributable reserves: +€70,715
- Tax, wage and social debts +€38,370
up €38,370 (+396%), from €9,685 to €48,055
- Gross operating margin +€62,625
up €62,625 (+47.6%), from €131,442 to €194,067
- Taxes +€10,407
up €10,407 (+74.9%), from €13,888 to €24,295
- Depreciation +€8,631
up €8,631 (+10.1%), from €85,621 to €94,252
- Other operating charges +€2,920
up €2,920 (+114%), from €2,556 to €5,475
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 | €495,487 | €720,058 | +€224,571 | +45.3% |
| Fixed assets | 21/28 | €322,458 | €478,919 | +€156,460 | +48.5% |
| Tangible fixed assets | 22/27 | €322,458 | €363,919 | +€41,460 | +12.9% |
| Land and buildings | 22 | €89,983 | €70,908 | -€19,075 | -21.2% |
| Plant, machinery and equipment | 23 | €232,475 | €291,304 | +€58,829 | +25.3% |
| Furniture and vehicles | 24 | €0 | €1,707 | +€1,707 | |
| Financial fixed assets | 28 | - | €115,000 | +€115,000 | |
| Current assets | 29/58 | €173,028 | €241,139 | +€68,111 | +39.4% |
| Amounts receivable within one year | 40/41 | €35,184 | €130,171 | +€94,988 | +270% |
| Trade receivables | 40 | €28,002 | €128,036 | +€100,034 | +357% |
| Other amounts receivable | 41 | €7,182 | €2,135 | -€5,047 | -70.3% |
| Cash at bank and in hand | 54/58 | €137,845 | €110,968 | -€26,877 | -19.5% |
| Total equity and liabilities | 10/49 | €495,487 | €720,058 | +€224,571 | +45.3% |
| Equity | 10/15 | €475,023 | €545,738 | +€70,715 | +14.9% |
| Contributions | 10/11 | €92,000 | €92,000 | = | 0.0% |
| Reserves | 13 | €383,023 | €453,738 | +€70,715 | +18.5% |
| Tax-exempt reserves | 132 | €18,435 | €18,435 | -€0 | 0.0% |
| Distributable reserves | 133 | €364,588 | €435,303 | +€70,715 | +19.4% |
| Amounts payable | 17/49 | €20,464 | €174,320 | +€153,856 | +752% |
| Amounts payable after more than one year | 17 | €0 | €120,000 | +€120,000 | |
| Other amounts payable | 178/9 | €0 | €120,000 | +€120,000 | |
| Amounts payable within one year | 42/48 | €19,464 | €52,320 | +€32,856 | +169% |
| Trade debts | 44 | €9,779 | €4,265 | -€5,514 | -56.4% |
| Suppliers | 440/4 | €9,779 | €4,265 | -€5,514 | -56.4% |
| Taxes, remuneration and social security | 45 | €9,685 | €48,055 | +€38,370 | +396% |
| Taxes | 450/3 | €9,685 | €48,055 | +€38,370 | +396% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,000 | €2,000 | +€1,000 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,621 | €94,252 | +€8,631 | +10.1% |
| Other operating charges | 640/8 | €2,556 | €5,475 | +€2,920 | +114% |
| Gross operating margin | 9900 | €131,442 | €194,067 | +€62,625 | +47.6% |
| Operating profit (loss) | 9901 | €43,265 | €94,340 | +€51,074 | +118% |
| Financial income | 75/76B | €666 | €1,134 | +€467 | +70.1% |
| Recurring financial income | 75 | €666 | €1,134 | +€467 | +70.1% |
| Financial charges | 65/66B | €714 | €463 | -€251 | -35.1% |
| Recurring financial charges | 65 | €714 | €463 | -€251 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €43,218 | €95,010 | +€51,792 | +120% |
| Income taxes | 67/77 | €13,888 | €24,295 | +€10,407 | +74.9% |
| Profit (loss) for the period | 9904 | €29,330 | €70,715 | +€41,385 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €29,330 | €70,715 | +€41,385 | +141% |
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 27 October 2026 via checked.be.