FRITE BELGIUM: 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.
FRITE BELGIUM
Largest movements
- Tangible fixed assets +€65,881
up €65,881 (+39.3%), from €167,604 to €233,484
of which Furniture and vehicles: +€33,041
- Cash -€55,677
down €55,677 (-32.0%), from €173,978 to €118,301
mainly Investment in fixed assets (net) (-€100,055) and Current investments (-€50,000)
- Current investments +€50,000
up €50,000 (+333333.3%), from €15 to €50,015
- Receivables within one year +€44,494
up €44,494 (+77.2%), from €57,598 to €102,092
of which Trade receivables: +€31,036
- Stocks and contracts +€5,755
up €5,755 (+49.0%), from €11,739 to €17,495
- Other debts +€62,571
up €62,571 (+740.3%), from €8,452 to €71,022
- Trade debts +€57,198
up €57,198 (+100.6%), from €56,877 to €114,074
- Debts after one year -€13,486
down €13,486 (-16.9%), from €79,683 to €66,197
- Profit (loss) carried forward +€8,027
up €8,027 (+4.9%), from €165,165 to €173,192
- Gross operating margin +€76,259
up €76,259 (+30.5%), from €249,713 to €325,973
- Staff costs +€41,904
up €41,904 (+23.6%), from €177,398 to €219,302
- Depreciation +€3,781
up €3,781 (+12.4%), from €30,394 to €34,175
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 | €410,934 | €521,387 | +€110,452 | +26.9% |
| Fixed assets | 21/28 | €167,604 | €233,484 | +€65,881 | +39.3% |
| Tangible fixed assets | 22/27 | €167,604 | €233,484 | +€65,881 | +39.3% |
| Land and buildings | 22 | €112,343 | €143,952 | +€31,610 | +28.1% |
| Plant, machinery and equipment | 23 | €43,041 | €44,270 | +€1,230 | +2.9% |
| Furniture and vehicles | 24 | €12,220 | €45,261 | +€33,041 | +270.4% |
| Current assets | 29/58 | €243,331 | €287,903 | +€44,572 | +18.3% |
| Stocks and contracts in progress | 3 | €11,739 | €17,495 | +€5,755 | +49.0% |
| Stocks | 30/36 | €11,739 | €17,495 | +€5,755 | +49.0% |
| Amounts receivable within one year | 40/41 | €57,598 | €102,092 | +€44,494 | +77.2% |
| Trade receivables | 40 | €7,489 | €38,525 | +€31,036 | +414.4% |
| Other amounts receivable | 41 | €50,109 | €63,567 | +€13,458 | +26.9% |
| Current investments | 50/53 | €15 | €50,015 | +€50,000 | +333333.3% |
| Cash at bank and in hand | 54/58 | €173,978 | €118,301 | -€55,677 | -32.0% |
| Total equity and liabilities | 10/49 | €410,934 | €521,387 | +€110,452 | +26.9% |
| Equity | 10/15 | €220,165 | €228,192 | +€8,027 | +3.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,165 | €173,192 | +€8,027 | +4.9% |
| Amounts payable | 17/49 | €190,770 | €293,195 | +€102,426 | +53.7% |
| Amounts payable after more than one year | 17 | €79,683 | €66,197 | -€13,486 | -16.9% |
| Financial debts | 170/4 | €79,683 | €66,197 | -€13,486 | -16.9% |
| Amounts payable within one year | 42/48 | €111,087 | €226,998 | +€115,912 | +104.3% |
| Current portion of amounts payable after more than one year | 42 | €21,473 | €24,450 | +€2,977 | +13.9% |
| Trade debts | 44 | €56,877 | €114,074 | +€57,198 | +100.6% |
| Suppliers | 440/4 | €56,877 | €114,074 | +€57,198 | +100.6% |
| Advances received on contracts in progress | 46 | €4,575 | €104 | -€4,471 | -97.7% |
| Taxes, remuneration and social security | 45 | €19,710 | €17,348 | -€2,362 | -12.0% |
| Taxes | 450/3 | €765 | €48 | -€717 | -93.7% |
| Remuneration and social security | 454/9 | €18,945 | €17,300 | -€1,645 | -8.7% |
| Other amounts payable | 47/48 | €8,452 | €71,022 | +€62,571 | +740.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €177,398 | €219,302 | +€41,904 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,394 | €34,175 | +€3,781 | +12.4% |
| Other operating charges | 640/8 | €835 | €908 | +€73 | +8.7% |
| Non-recurring operating charges | 66A | €1,500 | €0 | -€1,500 | -100.0% |
| Gross operating margin | 9900 | €249,713 | €325,973 | +€76,259 | +30.5% |
| Operating profit (loss) | 9901 | €39,586 | €71,588 | +€32,001 | +80.8% |
| Financial income | 75/76B | €7 | €315 | +€308 | +4224.6% |
| Recurring financial income | 75 | €7 | €315 | +€308 | +4224.6% |
| Financial charges | 65/66B | €11,058 | €9,551 | -€1,506 | -13.6% |
| Recurring financial charges | 65 | €11,058 | €9,551 | -€1,506 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €28,536 | €62,352 | +€33,816 | +118.5% |
| Income taxes | 67/77 | €6,697 | €4,325 | -€2,372 | -35.4% |
| Profit (loss) for the period | 9904 | €21,840 | €58,027 | +€36,187 | +165.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,840 | €58,027 | +€36,187 | +165.7% |
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.