FRIT & ZO: 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 & ZO
Largest movements
- Receivables within one year +€20,422
up €20,422 (+9.7%), from €210,802 to €231,224
- Cash +€7,809
up €7,809 (+70.8%), from €11,024 to €18,833
mainly Debts after one year (+€36,887) and Net result for the year (+€5,698)
- Debts after one year +€36,887
new in 2025: €36,887
- Current portion of long-term debt -€10,593
down €10,593 (-53.0%), from €20,000 to €9,407
- Reserves +€5,698
up €5,698 (+8.3%), from €68,475 to €74,173
- Tax, wage and social debts -€3,740
down €3,740 (-8.0%), from €46,621 to €42,881
of which Taxes: -€3,977
- Trade debts -€2,546
down €2,546 (-29.7%), from €8,584 to €6,038
- Gross operating margin -€39,550
down €39,550 (-53.8%), from €73,503 to €33,953
- Taxes -€18,236
down €18,236 (-85.7%), from €21,277 to €3,041
- Financial income -€11,132
down €11,132 (-99.7%), from €11,168 to €36
- Staff costs +€1,690
up €1,690 (+9.2%), from €18,450 to €20,140
- Depreciation +€1,482
up €1,482 (+442.9%), from €335 to €1,817
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 | €227,861 | €253,566 | +€25,706 | +11.3% |
| Fixed assets | 21/28 | €5,327 | €3,510 | -€1,817 | -34.1% |
| Tangible fixed assets | 22/27 | €5,327 | €3,510 | -€1,817 | -34.1% |
| Plant, machinery and equipment | 23 | €30 | - | -€30 | |
| Furniture and vehicles | 24 | €5,297 | €3,510 | -€1,787 | -33.7% |
| Current assets | 29/58 | €222,534 | €250,057 | +€27,523 | +12.4% |
| Amounts receivable within one year | 40/41 | €210,802 | €231,224 | +€20,422 | +9.7% |
| Other amounts receivable | 41 | €210,802 | €231,224 | +€20,422 | +9.7% |
| Cash at bank and in hand | 54/58 | €11,024 | €18,833 | +€7,809 | +70.8% |
| Deferred charges and accrued income | 490/1 | €708 | - | -€708 | |
| Total equity and liabilities | 10/49 | €227,861 | €253,566 | +€25,706 | +11.3% |
| Equity | 10/15 | €152,655 | €158,353 | +€5,698 | +3.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €68,475 | €74,173 | +€5,698 | +8.3% |
| Distributable reserves | 133 | €68,475 | €74,173 | +€5,698 | +8.3% |
| Profit (loss) carried forward | 14 | €65,631 | €65,631 | = | 0.0% |
| Amounts payable | 17/49 | €75,205 | €95,213 | +€20,008 | +26.6% |
| Amounts payable after more than one year | 17 | - | €36,887 | +€36,887 | |
| Financial debts | 170/4 | - | €36,887 | +€36,887 | |
| Amounts payable within one year | 42/48 | €75,205 | €58,326 | -€16,879 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €9,407 | -€10,593 | -53.0% |
| Trade debts | 44 | €8,584 | €6,038 | -€2,546 | -29.7% |
| Suppliers | 440/4 | €8,584 | €6,038 | -€2,546 | -29.7% |
| Taxes, remuneration and social security | 45 | €46,621 | €42,881 | -€3,740 | -8.0% |
| Taxes | 450/3 | €45,600 | €41,623 | -€3,977 | -8.7% |
| Remuneration and social security | 454/9 | €1,021 | €1,259 | +€237 | +23.2% |
| Non-recurring operating income | 76A | €1,210 | - | -€1,210 | |
| Remuneration, social security and pensions | 62 | €18,450 | €20,140 | +€1,690 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €335 | €1,817 | +€1,482 | +442.9% |
| Other operating charges | 640/8 | €2,100 | €1,408 | -€692 | -33.0% |
| Gross operating margin | 9900 | €73,503 | €33,953 | -€39,550 | -53.8% |
| Operating profit (loss) | 9901 | €52,618 | €10,588 | -€42,030 | -79.9% |
| Financial income | 75/76B | €11,168 | €36 | -€11,132 | -99.7% |
| Recurring financial income | 75 | €11,168 | €36 | -€11,132 | -99.7% |
| Financial charges | 65/66B | €580 | €1,885 | +€1,305 | +225.1% |
| Recurring financial charges | 65 | €580 | €1,885 | +€1,305 | +225.1% |
| Profit (loss) for the period before taxes | 9903 | €63,207 | €8,739 | -€54,468 | -86.2% |
| Income taxes | 67/77 | €21,277 | €3,041 | -€18,236 | -85.7% |
| Profit (loss) for the period | 9904 | €41,930 | €5,698 | -€36,232 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,930 | €5,698 | -€36,232 | -86.4% |
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 9 October 2026 via checked.be.