FRITESSA: 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.
FRITESSA
Largest movements
- Tangible fixed assets +€281,013
up €281,013 (+1,132%), from €24,827 to €305,840
of which Land and buildings: +€293,343
- Cash -€46,501
down €46,501 (-41.1%), from €113,187 to €66,686
mainly Investment in fixed assets (net) (-€328,272) and Trade debts (-€8,136)
- Receivables within one year -€28,251
down €28,251 (-77.7%), from €36,368 to €8,117
of which Trade receivables: -€32,804
- Debts after one year +€191,941
new in 2025: €191,941
- Current portion of long-term debt +€17,556
up €17,556 (+670%), from €2,621 to €20,177
- Trade debts -€8,136
down €8,136 (-59.2%), from €13,742 to €5,606
- Profit (loss) carried forward +€7,931
up €7,931 (+5.7%), from €139,184 to €147,115
- Depreciation +€35,707
up €35,707 (+279%), from €12,802 to €48,509
- Gross operating margin +€26,972
up €26,972 (+48.0%), from €56,195 to €83,167
- Financial charges +€8,097
up €8,097 (+213%), from €3,798 to €11,895
- Taxes -€4,321
down €4,321 (-52.9%), from €8,164 to €3,843
- Staff costs +€2,151
up €2,151 (+166%), from €1,297 to €3,448
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 | €181,356 | €388,369 | +€207,013 | +114% |
| Fixed assets | 21/28 | €27,398 | €307,161 | +€279,763 | +1,021% |
| Tangible fixed assets | 22/27 | €24,827 | €305,840 | +€281,013 | +1,132% |
| Land and buildings | 22 | - | €293,343 | +€293,343 | |
| Plant, machinery and equipment | 23 | €2,314 | €363 | -€1,951 | -84.3% |
| Furniture and vehicles | 24 | €22,007 | €11,899 | -€10,108 | -45.9% |
| Other tangible fixed assets | 26 | €506 | €235 | -€271 | -53.6% |
| Financial fixed assets | 28 | €2,571 | €1,321 | -€1,250 | -48.6% |
| Current assets | 29/58 | €153,958 | €81,208 | -€72,750 | -47.3% |
| Stocks and contracts in progress | 3 | €3,415 | €5,459 | +€2,044 | +59.9% |
| Stocks | 30/36 | €3,415 | €5,459 | +€2,044 | +59.9% |
| Amounts receivable within one year | 40/41 | €36,368 | €8,117 | -€28,251 | -77.7% |
| Trade receivables | 40 | €33,886 | €1,082 | -€32,804 | -96.8% |
| Other amounts receivable | 41 | €2,482 | €7,035 | +€4,553 | +183% |
| Cash at bank and in hand | 54/58 | €113,187 | €66,686 | -€46,501 | -41.1% |
| Deferred charges and accrued income | 490/1 | €988 | €946 | -€42 | -4.3% |
| Total equity and liabilities | 10/49 | €181,356 | €388,369 | +€207,013 | +114% |
| Equity | 10/15 | €159,644 | €167,575 | +€7,931 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,184 | €147,115 | +€7,931 | +5.7% |
| Amounts payable | 17/49 | €21,712 | €220,794 | +€199,082 | +917% |
| Amounts payable after more than one year | 17 | - | €191,941 | +€191,941 | |
| Financial debts | 170/4 | - | €191,941 | +€191,941 | |
| Amounts payable within one year | 42/48 | €21,712 | €28,853 | +€7,141 | +32.9% |
| Current portion of amounts payable after more than one year | 42 | €2,621 | €20,177 | +€17,556 | +670% |
| Financial debts | 43 | €2,199 | €2,022 | -€177 | -8.0% |
| Credit institutions | 430/8 | €2,199 | €2,022 | -€177 | -8.0% |
| Trade debts | 44 | €13,742 | €5,606 | -€8,136 | -59.2% |
| Suppliers | 440/4 | €13,742 | €5,606 | -€8,136 | -59.2% |
| Advances received on contracts in progress | 46 | - | €583 | +€583 | |
| Taxes, remuneration and social security | 45 | €506 | €386 | -€120 | -23.7% |
| Taxes | 450/3 | €108 | €108 | = | 0.0% |
| Remuneration and social security | 454/9 | €398 | €278 | -€120 | -30.2% |
| Other amounts payable | 47/48 | €2,644 | €79 | -€2,565 | -97.0% |
| Remuneration, social security and pensions | 62 | €1,297 | €3,448 | +€2,151 | +166% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,802 | €48,509 | +€35,707 | +279% |
| Other operating charges | 640/8 | €6,071 | €7,795 | +€1,724 | +28.4% |
| Gross operating margin | 9900 | €56,195 | €83,167 | +€26,972 | +48.0% |
| Operating profit (loss) | 9901 | €36,025 | €23,415 | -€12,610 | -35.0% |
| Financial income | 75/76B | €463 | €252 | -€211 | -45.6% |
| Recurring financial income | 75 | €463 | €252 | -€211 | -45.6% |
| Financial charges | 65/66B | €3,798 | €11,895 | +€8,097 | +213% |
| Recurring financial charges | 65 | €3,798 | €11,895 | +€8,097 | +213% |
| Profit (loss) for the period before taxes | 9903 | €32,690 | €11,772 | -€20,918 | -64.0% |
| Income taxes | 67/77 | €8,164 | €3,843 | -€4,321 | -52.9% |
| Profit (loss) for the period | 9904 | €24,526 | €7,929 | -€16,597 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,526 | €7,929 | -€16,597 | -67.7% |
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 17 October 2026 via checked.be.