FRIT ONE: 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.
FRIT ONE
Largest movements
- Tangible fixed assets +€7,350
up €7,350 (+5.7%), from €128,429 to €135,779
of which Furniture and vehicles: +€25,228
- Cash +€7,337
up €7,337 (+20.2%), from €36,270 to €43,607
mainly Depreciation (+€19,881) and Net result for the year (+€11,457)
- Reserves +€11,457
up €11,457 (+15.7%), from €73,205 to €84,662
of which Distributable reserves: +€11,457
- Tax, wage and social debts -€10,451
down €10,451 (-56.9%), from €18,368 to €7,917
of which Taxes: -€10,597
- Current portion of long-term debt +€5,366
up €5,366 (+33.5%), from €15,994 to €21,360
- Trade debts +€5,192
up €5,192 (+94.4%), from €5,501 to €10,693
- Debts after one year +€4,396
up €4,396 (+4.9%), from €90,545 to €94,941
- Gross operating margin -€14,027
down €14,027 (-18.5%), from €75,669 to €61,641
- Financial income +€3,679
up €3,679 (+4061.7%), from €91 to €3,769
- Taxes -€2,255
down €2,255 (-29.3%), from €7,692 to €5,437
- Staff costs +€1,858
up €1,858 (+8.8%), from €21,057 to €22,915
- Depreciation +€1,047
up €1,047 (+5.6%), from €18,834 to €19,881
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 | €272,223 | €288,183 | +€15,960 | +5.9% |
| Fixed assets | 21/28 | €128,429 | €135,779 | +€7,350 | +5.7% |
| Tangible fixed assets | 22/27 | €128,429 | €135,779 | +€7,350 | +5.7% |
| Land and buildings | 22 | €98,459 | €92,613 | -€5,846 | -5.9% |
| Plant, machinery and equipment | 23 | €29,788 | €17,756 | -€12,033 | -40.4% |
| Furniture and vehicles | 24 | €183 | €25,411 | +€25,228 | +13813.7% |
| Current assets | 29/58 | €143,794 | €152,404 | +€8,610 | +6.0% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | -€0 | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | -€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €86,834 | €88,505 | +€1,671 | +1.9% |
| Other amounts receivable | 41 | €86,834 | €88,505 | +€1,671 | +1.9% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,270 | €43,607 | +€7,337 | +20.2% |
| Deferred charges and accrued income | 490/1 | €689 | €292 | -€397 | -57.6% |
| Total equity and liabilities | 10/49 | €272,223 | €288,183 | +€15,960 | +5.9% |
| Equity | 10/15 | €141,815 | €153,272 | +€11,457 | +8.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €73,205 | €84,662 | +€11,457 | +15.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €71,205 | €82,662 | +€11,457 | +16.1% |
| Profit (loss) carried forward | 14 | €48,610 | €48,610 | = | 0.0% |
| Amounts payable | 17/49 | €130,408 | €134,911 | +€4,503 | +3.5% |
| Amounts payable after more than one year | 17 | €90,545 | €94,941 | +€4,396 | +4.9% |
| Financial debts | 170/4 | €90,545 | €94,941 | +€4,396 | +4.9% |
| Amounts payable within one year | 42/48 | €39,863 | €39,969 | +€107 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €15,994 | €21,360 | +€5,366 | +33.5% |
| Trade debts | 44 | €5,501 | €10,693 | +€5,192 | +94.4% |
| Suppliers | 440/4 | €5,501 | €10,693 | +€5,192 | +94.4% |
| Taxes, remuneration and social security | 45 | €18,368 | €7,917 | -€10,451 | -56.9% |
| Taxes | 450/3 | €16,919 | €6,323 | -€10,597 | -62.6% |
| Remuneration and social security | 454/9 | €1,448 | €1,594 | +€146 | +10.1% |
| Non-recurring operating income | 76A | €14,000 | - | -€14,000 | |
| Remuneration, social security and pensions | 62 | €21,057 | €22,915 | +€1,858 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,834 | €19,881 | +€1,047 | +5.6% |
| Other operating charges | 640/8 | €2,794 | €2,264 | -€530 | -19.0% |
| Gross operating margin | 9900 | €75,669 | €61,641 | -€14,027 | -18.5% |
| Operating profit (loss) | 9901 | €32,983 | €16,581 | -€16,402 | -49.7% |
| Financial income | 75/76B | €91 | €3,769 | +€3,679 | +4061.7% |
| Recurring financial income | 75 | €91 | €3,769 | +€3,679 | +4061.7% |
| Financial charges | 65/66B | €4,487 | €3,456 | -€1,030 | -23.0% |
| Recurring financial charges | 65 | €4,487 | €3,456 | -€1,030 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €28,587 | €16,894 | -€11,693 | -40.9% |
| Income taxes | 67/77 | €7,692 | €5,437 | -€2,255 | -29.3% |
| Profit (loss) for the period | 9904 | €20,896 | €11,457 | -€9,439 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,896 | €11,457 | -€9,439 | -45.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.