FRITE DE WAND: 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 DE WAND
Largest movements
- Receivables within one year -€105,807
down €105,807 (-95.9%), from €110,274 to €4,466
of which Other amounts receivable: -€110,058
- Stocks and contracts +€22,171
up €22,171 (+67.5%), from €32,829 to €55,000
- Tangible fixed assets -€17,798
down €17,798 (-13.3%), from €133,948 to €116,150
of which Other tangible fixed assets: -€13,927
- Cash -€5,091
down €5,091 (-46.1%), from €11,055 to €5,964
mainly Trade debts (-€42,116) and Other debts (-€35,000)
- Trade debts -€42,116
down €42,116 (-72.9%), from €57,776 to €15,659
- Other debts -€35,000
no longer reported in 2025 (was €35,000)
- Tax, wage and social debts -€28,626
down €28,626 (-50.1%), from €57,122 to €28,495
of which Taxes: -€42,316
- Debts after one year -€12,493
down €12,493 (-14.1%), from €88,602 to €76,110
- Current portion of long-term debt +€10,702
up €10,702 (+24.8%), from €43,194 to €53,896
- Gross operating margin +€102,170
up €102,170 (+298%), from €34,236 to €136,406
- Staff costs +€79,654
new in 2025: €79,654
- Financial charges +€6,280
up €6,280 (+39.1%), from €16,060 to €22,340
- Other operating charges -€6,264
down €6,264 (-43.9%), from €14,269 to €8,005
- Taxes +€3,541
up €3,541 (+705%), from €502 to €4,043
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 | €288,469 | €181,943 | -€106,526 | -36.9% |
| Fixed assets | 21/28 | €134,311 | €116,513 | -€17,798 | -13.3% |
| Tangible fixed assets | 22/27 | €133,948 | €116,150 | -€17,798 | -13.3% |
| Land and buildings | 22 | €1,063 | €308 | -€755 | -71.0% |
| Plant, machinery and equipment | 23 | €3,152 | €429 | -€2,723 | -86.4% |
| Furniture and vehicles | 24 | €728 | €334 | -€394 | -54.1% |
| Other tangible fixed assets | 26 | €129,005 | €115,078 | -€13,927 | -10.8% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €154,158 | €65,431 | -€88,728 | -57.6% |
| Stocks and contracts in progress | 3 | €32,829 | €55,000 | +€22,171 | +67.5% |
| Stocks | 30/36 | €32,829 | €55,000 | +€22,171 | +67.5% |
| Amounts receivable within one year | 40/41 | €110,274 | €4,466 | -€105,807 | -95.9% |
| Trade receivables | 40 | - | €4,250 | +€4,250 | |
| Other amounts receivable | 41 | €110,274 | €216 | -€110,058 | -99.8% |
| Cash at bank and in hand | 54/58 | €11,055 | €5,964 | -€5,091 | -46.1% |
| Total equity and liabilities | 10/49 | €288,469 | €181,943 | -€106,526 | -36.9% |
| Equity | 10/15 | €6,517 | €7,783 | +€1,266 | +19.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €2,240 | €2,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,240 | €2,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,240 | €2,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,277 | €4,543 | +€1,266 | +38.6% |
| Amounts payable | 17/49 | €281,953 | €174,160 | -€107,792 | -38.2% |
| Amounts payable after more than one year | 17 | €88,602 | €76,110 | -€12,493 | -14.1% |
| Financial debts | 170/4 | €88,602 | €76,110 | -€12,493 | -14.1% |
| Amounts payable within one year | 42/48 | €193,350 | €98,051 | -€95,300 | -49.3% |
| Current portion of amounts payable after more than one year | 42 | €43,194 | €53,896 | +€10,702 | +24.8% |
| Trade debts | 44 | €57,776 | €15,659 | -€42,116 | -72.9% |
| Suppliers | 440/4 | €57,776 | €15,659 | -€42,116 | -72.9% |
| Advances received on contracts in progress | 46 | €259 | - | -€259 | |
| Taxes, remuneration and social security | 45 | €57,122 | €28,495 | -€28,626 | -50.1% |
| Taxes | 450/3 | €57,111 | €14,796 | -€42,316 | -74.1% |
| Remuneration and social security | 454/9 | €10 | €13,700 | +€13,690 | +134,080% |
| Other amounts payable | 47/48 | €35,000 | - | -€35,000 | |
| Remuneration, social security and pensions | 62 | - | €79,654 | +€79,654 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,853 | €21,098 | -€2,755 | -11.6% |
| Other operating charges | 640/8 | €14,269 | €8,005 | -€6,264 | -43.9% |
| Gross operating margin | 9900 | €34,236 | €136,406 | +€102,170 | +298% |
| Operating profit (loss) | 9901 | -€3,887 | €27,649 | +€31,536 | |
| Financial income | 75/76B | €13 | €0 | -€13 | -97.2% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -97.2% |
| Financial charges | 65/66B | €16,060 | €22,340 | +€6,280 | +39.1% |
| Recurring financial charges | 65 | €16,060 | €22,340 | +€6,280 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | -€19,934 | €5,309 | +€25,243 | |
| Income taxes | 67/77 | €502 | €4,043 | +€3,541 | +705% |
| Profit (loss) for the period | 9904 | -€20,436 | €1,266 | +€21,702 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,436 | €1,266 | +€21,702 |
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 23 October 2026 via checked.be.