FRIT EXPRESS: 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.
FRIT EXPRESS
Largest movements
- Tangible fixed assets +€96,547
up €96,547 (+75.6%), from €127,628 to €224,175
of which Furniture and vehicles: +€93,526
- Cash +€79,681
up €79,681 (+69.2%), from €115,066 to €194,747
mainly Net result for the year (+€208,151) and Depreciation (+€46,676)
- Receivables within one year +€12,691
up €12,691 (+2.7%), from €467,513 to €480,204
of which Trade receivables: +€13,803
- Reserves +€208,151
up €208,151 (+55.2%), from €377,366 to €585,516
of which Distributable reserves: +€208,151
- Other debts -€39,752
down €39,752 (-62.0%), from €64,092 to €24,340
- Debts after one year +€23,228
up €23,228 (+64.8%), from €35,834 to €59,062
- Trade debts -€23,157
down €23,157 (-16.2%), from €143,278 to €120,121
- Current portion of long-term debt +€13,390
up €13,390 (+55.4%), from €24,165 to €37,555
- Gross operating margin +€154,453
up €154,453 (+74.2%), from €208,197 to €362,650
- Taxes +€45,178
up €45,178 (+106.1%), from €42,570 to €87,747
- Depreciation +€16,976
up €16,976 (+57.2%), from €29,700 to €46,676
- Other operating charges -€5,059
down €5,059 (-30.7%), from €16,469 to €11,410
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 | €723,530 | €920,294 | +€196,764 | +27.2% |
| Fixed assets | 21/28 | €127,951 | €224,399 | +€96,447 | +75.4% |
| Intangible fixed assets | 21 | €189 | €89 | -€100 | -53.0% |
| Tangible fixed assets | 22/27 | €127,628 | €224,175 | +€96,547 | +75.6% |
| Land and buildings | 22 | €33,569 | €34,067 | +€499 | +1.5% |
| Plant, machinery and equipment | 23 | €14 | €2,536 | +€2,522 | +18041.8% |
| Furniture and vehicles | 24 | €94,045 | €187,571 | +€93,526 | +99.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €595,578 | €695,895 | +€100,317 | +16.8% |
| Stocks and contracts in progress | 3 | €5,988 | €9,149 | +€3,161 | +52.8% |
| Stocks | 30/36 | €5,988 | €9,149 | +€3,161 | +52.8% |
| Amounts receivable within one year | 40/41 | €467,513 | €480,204 | +€12,691 | +2.7% |
| Trade receivables | 40 | €453,911 | €467,714 | +€13,803 | +3.0% |
| Other amounts receivable | 41 | €13,602 | €12,490 | -€1,112 | -8.2% |
| Cash at bank and in hand | 54/58 | €115,066 | €194,747 | +€79,681 | +69.2% |
| Deferred charges and accrued income | 490/1 | €7,011 | €11,796 | +€4,785 | +68.2% |
| Total equity and liabilities | 10/49 | €723,530 | €920,294 | +€196,764 | +27.2% |
| Equity | 10/15 | €439,339 | €647,490 | +€208,151 | +47.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €377,366 | €585,516 | +€208,151 | +55.2% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €371,168 | €579,319 | +€208,151 | +56.1% |
| Amounts payable | 17/49 | €284,191 | €272,804 | -€11,387 | -4.0% |
| Amounts payable after more than one year | 17 | €35,834 | €59,062 | +€23,228 | +64.8% |
| Financial debts | 170/4 | €35,834 | €59,062 | +€23,228 | +64.8% |
| Amounts payable within one year | 42/48 | €242,289 | €203,266 | -€39,023 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €24,165 | €37,555 | +€13,390 | +55.4% |
| Trade debts | 44 | €143,278 | €120,121 | -€23,157 | -16.2% |
| Suppliers | 440/4 | €143,278 | €120,121 | -€23,157 | -16.2% |
| Taxes, remuneration and social security | 45 | €10,755 | €21,250 | +€10,495 | +97.6% |
| Taxes | 450/3 | €10,755 | €21,250 | +€10,495 | +97.6% |
| Other amounts payable | 47/48 | €64,092 | €24,340 | -€39,752 | -62.0% |
| Accrued charges and deferred income | 492/3 | €6,067 | €10,476 | +€4,409 | +72.7% |
| Non-recurring operating income | 76A | - | €17,000 | +€17,000 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,700 | €46,676 | +€16,976 | +57.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,556 | €0 | -€3,556 | -100.0% |
| Other operating charges | 640/8 | €16,469 | €11,410 | -€5,059 | -30.7% |
| Non-recurring operating charges | 66A | - | €89 | +€89 | |
| Gross operating margin | 9900 | €208,197 | €362,650 | +€154,453 | +74.2% |
| Operating profit (loss) | 9901 | €158,472 | €304,476 | +€146,003 | +92.1% |
| Financial income | 75/76B | €11 | €148 | +€136 | +1193.4% |
| Recurring financial income | 75 | €11 | €148 | +€136 | +1193.4% |
| Financial charges | 65/66B | €8,363 | €8,725 | +€362 | +4.3% |
| Recurring financial charges | 65 | €8,363 | €8,725 | +€362 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €150,121 | €295,898 | +€145,777 | +97.1% |
| Income taxes | 67/77 | €42,570 | €87,747 | +€45,178 | +106.1% |
| Profit (loss) for the period | 9904 | €107,551 | €208,151 | +€100,600 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €107,551 | €208,151 | +€100,600 | +93.5% |
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 12 October 2026 via checked.be.