Frit-Time: 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-Time
Largest movements
- Receivables within one year -€27,730
down €27,730 (-62.4%), from €44,455 to €16,725
of which Trade receivables: -€42,726
- Tangible fixed assets +€3,952
up €3,952 (+3.3%), from €120,951 to €124,904
of which Furniture and vehicles: +€18,895
- Trade debts -€54,177
down €54,177 (-83.9%), from €64,591 to €10,414
- Profit (loss) carried forward +€16,425
up €16,425 (+69.6%), from -€23,609 to -€7,184
- Current portion of long-term debt +€11,825
up €11,825 (+82.8%), from €14,287 to €26,111
- Reserves +€3,244
up €3,244 (+7.2%), from €45,317 to €48,561
of which Distributable reserves: +€3,244
- Gross operating margin +€24,815
up €24,815 (+26.6%), from €93,117 to €117,932
- Depreciation +€12,734
up €12,734 (+97.6%), from €13,042 to €25,775
- Staff costs -€11,745
down €11,745 (-16.4%), from €71,419 to €59,674
- Other operating charges +€5,537
up €5,537 (+507.2%), from €1,092 to €6,629
- Financial charges +€1,399
up €1,399 (+29.0%), from €4,816 to €6,215
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 | €175,870 | €152,877 | -€22,994 | -13.1% |
| Fixed assets | 21/28 | €123,951 | €127,904 | +€3,952 | +3.2% |
| Tangible fixed assets | 22/27 | €120,951 | €124,904 | +€3,952 | +3.3% |
| Plant, machinery and equipment | 23 | €18,930 | €13,843 | -€5,087 | -26.9% |
| Furniture and vehicles | 24 | €18,215 | €37,110 | +€18,895 | +103.7% |
| Other tangible fixed assets | 26 | €83,806 | €73,950 | -€9,856 | -11.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €51,919 | €24,973 | -€26,946 | -51.9% |
| Stocks and contracts in progress | 3 | €2,809 | €2,407 | -€402 | -14.3% |
| Stocks | 30/36 | €2,809 | €2,407 | -€402 | -14.3% |
| Amounts receivable within one year | 40/41 | €44,455 | €16,725 | -€27,730 | -62.4% |
| Trade receivables | 40 | €44,253 | €1,527 | -€42,726 | -96.5% |
| Other amounts receivable | 41 | €201 | €15,198 | +€14,996 | +7445.0% |
| Cash at bank and in hand | 54/58 | €4,655 | €5,841 | +€1,186 | +25.5% |
| Total equity and liabilities | 10/49 | €175,870 | €152,877 | -€22,994 | -13.1% |
| Equity | 10/15 | €34,208 | €53,877 | +€19,668 | +57.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €45,317 | €48,561 | +€3,244 | +7.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €45,317 | €48,561 | +€3,244 | +7.2% |
| Profit (loss) carried forward | 14 | -€23,609 | -€7,184 | +€16,425 | +69.6% |
| Amounts payable | 17/49 | €141,662 | €99,000 | -€42,662 | -30.1% |
| Amounts payable after more than one year | 17 | €54,782 | €55,421 | +€639 | +1.2% |
| Financial debts | 170/4 | €54,782 | €55,421 | +€639 | +1.2% |
| Amounts payable within one year | 42/48 | €86,880 | €43,578 | -€43,301 | -49.8% |
| Current portion of amounts payable after more than one year | 42 | €14,287 | €26,111 | +€11,825 | +82.8% |
| Trade debts | 44 | €64,591 | €10,414 | -€54,177 | -83.9% |
| Suppliers | 440/4 | €64,591 | €10,414 | -€54,177 | -83.9% |
| Advances received on contracts in progress | 46 | €16 | €50 | +€34 | +203.2% |
| Taxes, remuneration and social security | 45 | €5,303 | €4,861 | -€443 | -8.3% |
| Taxes | 450/3 | €2,673 | €1,148 | -€1,525 | -57.0% |
| Remuneration and social security | 454/9 | €2,631 | €3,713 | +€1,082 | +41.1% |
| Other amounts payable | 47/48 | €2,683 | €2,142 | -€541 | -20.2% |
| Remuneration, social security and pensions | 62 | €71,419 | €59,674 | -€11,745 | -16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,042 | €25,775 | +€12,734 | +97.6% |
| Other operating charges | 640/8 | €1,092 | €6,629 | +€5,537 | +507.2% |
| Non-recurring operating charges | 66A | €937 | €0 | -€937 | -100.0% |
| Gross operating margin | 9900 | €93,117 | €117,932 | +€24,815 | +26.6% |
| Operating profit (loss) | 9901 | €6,628 | €25,854 | +€19,226 | +290.1% |
| Financial income | 75/76B | €641 | €30 | -€611 | -95.4% |
| Recurring financial income | 75 | €641 | €30 | -€611 | -95.4% |
| Financial charges | 65/66B | €4,816 | €6,215 | +€1,399 | +29.0% |
| Recurring financial charges | 65 | €4,816 | €6,215 | +€1,399 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €2,452 | €19,668 | +€17,216 | +702.1% |
| Profit (loss) for the period | 9904 | €2,452 | €19,668 | +€17,216 | +702.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,452 | €19,668 | +€17,216 | +702.1% |
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 1 October 2026 via checked.be.