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
- Cash +€33,793
up €33,793 (+21.4%), from €158,269 to €192,063
mainly Net result for the year (+€69,780) and Depreciation (+€25,908)
- Tangible fixed assets +€15,731
up €15,731 (+35.5%), from €44,332 to €60,063
of which Plant, machinery and equipment: +€20,188
- Stocks and contracts -€4,003
down €4,003 (-41.3%), from €9,703 to €5,700
- Receivables within one year +€3,591
up €3,591 (+49.3%), from €7,279 to €10,870
of which Other amounts receivable: +€5,158
- Reserves +€69,780
up €69,780 (+90.4%), from €77,232 to €147,012
of which Distributable reserves: +€69,780
- Trade debts +€11,021
up €11,021 (+133.4%), from €8,262 to €19,283
- Tax, wage and social debts -€9,774
down €9,774 (-54.9%), from €17,797 to €8,023
of which Taxes: -€8,849
- Debts after one year -€8,975
down €8,975 (-100.0%), from €8,975 to €0
- Current portion of long-term debt -€6,830
down €6,830 (-43.9%), from €15,549 to €8,719
- Gross operating margin -€3,249
down €3,249 (-2.1%), from €152,753 to €149,504
- Staff costs -€2,560
down €2,560 (-11.4%), from €22,410 to €19,850
- Taxes +€2,531
up €2,531 (+10.9%), from €23,229 to €25,761
- Other operating charges +€1,678
up €1,678 (+64.1%), from €2,617 to €4,295
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 | €223,585 | €272,716 | +€49,131 | +22.0% |
| Fixed assets | 21/28 | €44,332 | €60,063 | +€15,731 | +35.5% |
| Tangible fixed assets | 22/27 | €44,332 | €60,063 | +€15,731 | +35.5% |
| Land and buildings | 22 | €28,831 | €30,196 | +€1,365 | +4.7% |
| Plant, machinery and equipment | 23 | €7,994 | €28,181 | +€20,188 | +252.5% |
| Leasing and similar rights | 25 | €6,533 | €1,686 | -€4,847 | -74.2% |
| Other tangible fixed assets | 26 | €975 | €0 | -€975 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €179,253 | €212,653 | +€33,400 | +18.6% |
| Stocks and contracts in progress | 3 | €9,703 | €5,700 | -€4,003 | -41.3% |
| Stocks | 30/36 | €9,703 | €5,700 | -€4,003 | -41.3% |
| Amounts receivable within one year | 40/41 | €7,279 | €10,870 | +€3,591 | +49.3% |
| Trade receivables | 40 | €7,032 | €5,465 | -€1,567 | -22.3% |
| Other amounts receivable | 41 | €247 | €5,405 | +€5,158 | +2090.0% |
| Cash at bank and in hand | 54/58 | €158,269 | €192,063 | +€33,793 | +21.4% |
| Deferred charges and accrued income | 490/1 | €4,001 | €4,020 | +€19 | +0.5% |
| Total equity and liabilities | 10/49 | €223,585 | €272,716 | +€49,131 | +22.0% |
| Equity | 10/15 | €149,727 | €219,507 | +€69,780 | +46.6% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €77,232 | €147,012 | +€69,780 | +90.4% |
| Tax-exempt reserves | 132 | €191 | €191 | = | 0.0% |
| Distributable reserves | 133 | €77,041 | €146,821 | +€69,780 | +90.6% |
| Profit (loss) carried forward | 14 | €58,295 | €58,295 | = | 0.0% |
| Amounts payable | 17/49 | €73,857 | €53,209 | -€20,649 | -28.0% |
| Amounts payable after more than one year | 17 | €8,975 | €0 | -€8,975 | -100.0% |
| Financial debts | 170/4 | €8,975 | €0 | -€8,975 | -100.0% |
| Amounts payable within one year | 42/48 | €64,882 | €53,209 | -€11,674 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €15,549 | €8,719 | -€6,830 | -43.9% |
| Trade debts | 44 | €8,262 | €19,283 | +€11,021 | +133.4% |
| Suppliers | 440/4 | €8,262 | €19,283 | +€11,021 | +133.4% |
| Taxes, remuneration and social security | 45 | €17,797 | €8,023 | -€9,774 | -54.9% |
| Taxes | 450/3 | €16,709 | €7,860 | -€8,849 | -53.0% |
| Remuneration and social security | 454/9 | €1,088 | €163 | -€925 | -85.0% |
| Other amounts payable | 47/48 | €23,275 | €17,184 | -€6,091 | -26.2% |
| Remuneration, social security and pensions | 62 | €22,410 | €19,850 | -€2,560 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,317 | €25,908 | +€591 | +2.3% |
| Other operating charges | 640/8 | €2,617 | €4,295 | +€1,678 | +64.1% |
| Gross operating margin | 9900 | €152,753 | €149,504 | -€3,249 | -2.1% |
| Operating profit (loss) | 9901 | €102,409 | €99,451 | -€2,957 | -2.9% |
| Financial income | 75/76B | €31 | €25 | -€6 | -19.5% |
| Recurring financial income | 75 | €31 | €25 | -€6 | -19.5% |
| Financial charges | 65/66B | €4,030 | €3,936 | -€94 | -2.3% |
| Recurring financial charges | 65 | €4,030 | €3,936 | -€94 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €98,410 | €95,541 | -€2,870 | -2.9% |
| Income taxes | 67/77 | €23,229 | €25,761 | +€2,531 | +10.9% |
| Profit (loss) for the period | 9904 | €75,181 | €69,780 | -€5,401 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,181 | €69,780 | -€5,401 | -7.2% |
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.