FRIT FLAGEY: 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 FLAGEY
Largest movements
- Cash +€128,564
up €128,564 (+48.6%), from €264,667 to €393,231
mainly Net result for the year (+€296,561) and Other debts (+€163,287)
- Tangible fixed assets -€4,744
down €4,744 (-30.1%), from €15,752 to €11,008
of which Plant, machinery and equipment: -€3,109
- Stocks and contracts +€4,575
up €4,575 (+43.5%), from €10,520 to €15,094
- Other debts +€163,287
up €163,287 (+89.0%), from €183,376 to €346,663
- Reserves -€48,484
down €48,484 (-96.3%), from €50,344 to €1,860
- Tax, wage and social debts +€18,113
up €18,113 (+40.0%), from €45,326 to €63,439
of which Taxes: +€15,410
- Trade debts -€6,114
down €6,114 (-57.1%), from €10,702 to €4,588
- Gross operating margin +€78,423
up €78,423 (+16.1%), from €486,500 to €564,924
- Taxes +€18,774
up €18,774 (+24.5%), from €76,662 to €95,437
- Staff costs +€7,205
up €7,205 (+4.9%), from €147,485 to €154,690
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 | €308,348 | €435,182 | +€126,834 | +41.1% |
| Fixed assets | 21/28 | €25,752 | €21,008 | -€4,744 | -18.4% |
| Tangible fixed assets | 22/27 | €15,752 | €11,008 | -€4,744 | -30.1% |
| Plant, machinery and equipment | 23 | €13,056 | €9,947 | -€3,109 | -23.8% |
| Furniture and vehicles | 24 | €2,696 | €1,061 | -€1,635 | -60.6% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €282,596 | €414,174 | +€131,578 | +46.6% |
| Stocks and contracts in progress | 3 | €10,520 | €15,094 | +€4,575 | +43.5% |
| Stocks | 30/36 | €10,520 | €15,094 | +€4,575 | +43.5% |
| Amounts receivable within one year | 40/41 | €1,033 | €33 | -€1,000 | -96.8% |
| Trade receivables | 40 | - | €33 | +€33 | |
| Other amounts receivable | 41 | €1,033 | - | -€1,033 | |
| Cash at bank and in hand | 54/58 | €264,667 | €393,231 | +€128,564 | +48.6% |
| Deferred charges and accrued income | 490/1 | €6,376 | €5,816 | -€560 | -8.8% |
| Total equity and liabilities | 10/49 | €308,348 | €435,182 | +€126,834 | +41.1% |
| Equity | 10/15 | €68,944 | €20,460 | -€48,484 | -70.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,344 | €1,860 | -€48,484 | -96.3% |
| Distributable reserves | 133 | €50,344 | €1,860 | -€48,484 | -96.3% |
| Amounts payable | 17/49 | €239,404 | €414,722 | +€175,318 | +73.2% |
| Amounts payable within one year | 42/48 | €239,404 | €414,722 | +€175,318 | +73.2% |
| Current portion of amounts payable after more than one year | 42 | - | €33 | +€33 | |
| Trade debts | 44 | €10,702 | €4,588 | -€6,114 | -57.1% |
| Suppliers | 440/4 | €10,702 | €4,588 | -€6,114 | -57.1% |
| Taxes, remuneration and social security | 45 | €45,326 | €63,439 | +€18,113 | +40.0% |
| Taxes | 450/3 | €8,536 | €23,946 | +€15,410 | +181% |
| Remuneration and social security | 454/9 | €36,790 | €39,492 | +€2,703 | +7.3% |
| Other amounts payable | 47/48 | €183,376 | €346,663 | +€163,287 | +89.0% |
| Remuneration, social security and pensions | 62 | €147,485 | €154,690 | +€7,205 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,997 | €4,744 | -€253 | -5.1% |
| Other operating charges | 640/8 | €735 | €756 | +€21 | +2.9% |
| Gross operating margin | 9900 | €486,500 | €564,924 | +€78,423 | +16.1% |
| Operating profit (loss) | 9901 | €333,284 | €404,733 | +€71,450 | +21.4% |
| Financial income | 75/76B | €825 | €762 | -€62 | -7.5% |
| Recurring financial income | 75 | €825 | €762 | -€62 | -7.5% |
| Financial charges | 65/66B | €10,867 | €13,498 | +€2,631 | +24.2% |
| Recurring financial charges | 65 | €10,867 | €13,498 | +€2,631 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €323,241 | €391,998 | +€68,757 | +21.3% |
| Income taxes | 67/77 | €76,662 | €95,437 | +€18,774 | +24.5% |
| Profit (loss) for the period | 9904 | €246,579 | €296,561 | +€49,982 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €246,579 | €296,561 | +€49,982 | +20.3% |
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 21 October 2026 via checked.be.