FRITAPAPA WATERLOO: 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.
FRITAPAPA WATERLOO
Largest movements
- Tangible fixed assets -€32,042
down €32,042 (-17.6%), from €182,469 to €150,427
- Cash +€13,165
up €13,165 (+22.8%), from €57,801 to €70,966
mainly Depreciation (+€32,042) and Net result for the year (+€23,606)
- Stocks and contracts +€3,603
up €3,603 (+43.7%), from €8,238 to €11,841
- Trade debts -€25,522
down €25,522 (-54.4%), from €46,951 to €21,429
- Profit (loss) carried forward +€23,606
up €23,606 (+29.2%), from -€80,796 to -€57,190
- Other debts -€15,500
down €15,500 (-23.3%), from €66,400 to €50,900
- Tax, wage and social debts +€5,813
up €5,813 (+28.4%), from €20,435 to €26,248
of which Taxes: +€3,887
- Turnover -€617,433
no longer reported in 2025 (was €617,433)
- Purchases and services -€409,839
no longer reported in 2025 (was €409,839)
- Gross operating margin +€69,227
up €69,227 (+31.8%), from €217,707 to €286,935
- Staff costs -€10,608
down €10,608 (-4.5%), from €237,343 to €226,736
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 | €351,516 | €339,605 | -€11,911 | -3.4% |
| Fixed assets | 21/28 | €201,669 | €169,627 | -€32,042 | -15.9% |
| Tangible fixed assets | 22/27 | €182,469 | €150,427 | -€32,042 | -17.6% |
| Land and buildings | 22 | €7,488 | €4,488 | -€3,000 | -40.1% |
| Plant, machinery and equipment | 23 | €87,883 | €72,166 | -€15,717 | -17.9% |
| Other tangible fixed assets | 26 | €87,098 | €73,773 | -€13,325 | -15.3% |
| Financial fixed assets | 28 | €19,200 | €19,200 | = | 0.0% |
| Current assets | 29/58 | €149,848 | €169,978 | +€20,131 | +13.4% |
| Stocks and contracts in progress | 3 | €8,238 | €11,841 | +€3,603 | +43.7% |
| Stocks | 30/36 | €8,238 | €11,841 | +€3,603 | +43.7% |
| Amounts receivable within one year | 40/41 | €83,808 | €87,171 | +€3,363 | +4.0% |
| Trade receivables | 40 | €83,808 | €86,771 | +€2,963 | +3.5% |
| Other amounts receivable | 41 | - | €400 | +€400 | |
| Cash at bank and in hand | 54/58 | €57,801 | €70,966 | +€13,165 | +22.8% |
| Total equity and liabilities | 10/49 | €351,516 | €339,605 | -€11,911 | -3.4% |
| Equity | 10/15 | -€55,796 | -€32,190 | +€23,606 | +42.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,796 | -€57,190 | +€23,606 | +29.2% |
| Amounts payable | 17/49 | €407,313 | €371,795 | -€35,517 | -8.7% |
| Amounts payable after more than one year | 17 | €269,200 | €269,200 | = | 0.0% |
| Financial debts | 170/4 | €269,200 | €269,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €138,113 | €102,595 | -€35,517 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €4,327 | €4,018 | -€309 | -7.1% |
| Trade debts | 44 | €46,951 | €21,429 | -€25,522 | -54.4% |
| Suppliers | 440/4 | €46,951 | €21,429 | -€25,522 | -54.4% |
| Taxes, remuneration and social security | 45 | €20,435 | €26,248 | +€5,813 | +28.4% |
| Taxes | 450/3 | €1,465 | €5,352 | +€3,887 | +265% |
| Remuneration and social security | 454/9 | €18,969 | €20,896 | +€1,927 | +10.2% |
| Other amounts payable | 47/48 | €66,400 | €50,900 | -€15,500 | -23.3% |
| Turnover | 70 | €617,433 | - | -€617,433 | |
| Goods, raw materials, services and sundry goods | 60/61 | €409,839 | - | -€409,839 | |
| Remuneration, social security and pensions | 62 | €237,343 | €226,736 | -€10,608 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,579 | €32,042 | +€2,463 | +8.3% |
| Other operating charges | 640/8 | €1,170 | €1,205 | +€35 | +3.0% |
| Gross operating margin | 9900 | €217,707 | €286,935 | +€69,227 | +31.8% |
| Operating profit (loss) | 9901 | -€50,385 | €26,952 | +€77,337 | |
| Financial charges | 65/66B | €2,330 | €3,346 | +€1,016 | +43.6% |
| Recurring financial charges | 65 | €2,330 | €3,346 | +€1,016 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | -€52,715 | €23,606 | +€76,321 | |
| Profit (loss) for the period | 9904 | -€52,715 | €23,606 | +€76,321 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,715 | €23,606 | +€76,321 |
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 20 October 2026 via checked.be.