Fritiko 4: 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.
Fritiko 4
Largest movements
- Receivables after one year +€117,262
new in 2025: €117,262
- Receivables within one year -€114,973
down €114,973 (-78.0%), from €147,398 to €32,424
of which Other amounts receivable: -€114,431
- Cash -€25,396
down €25,396 (-41.9%), from €60,592 to €35,196
mainly Receivables after one year (-€117,262) and Trade debts (-€26,052)
- Trade debts -€26,052
down €26,052 (-35.5%), from €73,453 to €47,402
- Accrued charges and deferred income -€12,300
no longer reported in 2025 (was €12,300)
- Tax, wage and social debts +€8,305
up €8,305 (+42.0%), from €19,762 to €28,068
of which Taxes: +€11,270
- Profit (loss) carried forward +€6,687
up €6,687 (+5.8%), from €114,932 to €121,619
- Staff costs +€27,705
up €27,705 (+91.5%), from €30,293 to €57,998
- Gross operating margin +€16,416
up €16,416 (+23.5%), from €69,911 to €86,326
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 | €223,448 | €200,088 | -€23,359 | -10.5% |
| Fixed assets | 21/28 | €9,503 | €8,126 | -€1,377 | -14.5% |
| Intangible fixed assets | 21 | €168 | - | -€168 | |
| Tangible fixed assets | 22/27 | €8,935 | €7,726 | -€1,209 | -13.5% |
| Land and buildings | 22 | €3,698 | €3,273 | -€425 | -11.5% |
| Plant, machinery and equipment | 23 | €3,268 | €3,850 | +€582 | +17.8% |
| Furniture and vehicles | 24 | €1,969 | €603 | -€1,366 | -69.4% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €213,944 | €191,962 | -€21,982 | -10.3% |
| Amounts receivable after more than one year | 29 | - | €117,262 | +€117,262 | |
| Other amounts receivable | 291 | - | €117,262 | +€117,262 | |
| Stocks and contracts in progress | 3 | €5,955 | €7,079 | +€1,124 | +18.9% |
| Stocks | 30/36 | €5,955 | €7,079 | +€1,124 | +18.9% |
| Amounts receivable within one year | 40/41 | €147,398 | €32,424 | -€114,973 | -78.0% |
| Trade receivables | 40 | €3,691 | €3,149 | -€542 | -14.7% |
| Other amounts receivable | 41 | €143,707 | €29,275 | -€114,431 | -79.6% |
| Cash at bank and in hand | 54/58 | €60,592 | €35,196 | -€25,396 | -41.9% |
| Total equity and liabilities | 10/49 | €223,448 | €200,088 | -€23,359 | -10.5% |
| Equity | 10/15 | €117,932 | €124,619 | +€6,687 | +5.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,932 | €121,619 | +€6,687 | +5.8% |
| Amounts payable | 17/49 | €105,516 | €75,470 | -€30,046 | -28.5% |
| Amounts payable within one year | 42/48 | €93,216 | €75,470 | -€17,746 | -19.0% |
| Trade debts | 44 | €73,453 | €47,402 | -€26,052 | -35.5% |
| Suppliers | 440/4 | €73,453 | €47,402 | -€26,052 | -35.5% |
| Taxes, remuneration and social security | 45 | €19,762 | €28,068 | +€8,305 | +42.0% |
| Taxes | 450/3 | €6,485 | €17,756 | +€11,270 | +173.8% |
| Remuneration and social security | 454/9 | €13,277 | €10,312 | -€2,965 | -22.3% |
| Accrued charges and deferred income | 492/3 | €12,300 | - | -€12,300 | |
| Remuneration, social security and pensions | 62 | €30,293 | €57,998 | +€27,705 | +91.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,590 | €3,777 | +€187 | +5.2% |
| Other operating charges | 640/8 | €7,857 | €7,095 | -€763 | -9.7% |
| Gross operating margin | 9900 | €69,911 | €86,326 | +€16,416 | +23.5% |
| Operating profit (loss) | 9901 | €28,170 | €17,457 | -€10,714 | -38.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €339 | €502 | +€163 | +48.0% |
| Recurring financial charges | 65 | €339 | €502 | +€163 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €27,832 | €16,954 | -€10,877 | -39.1% |
| Income taxes | 67/77 | €9,667 | €10,268 | +€601 | +6.2% |
| Profit (loss) for the period | 9904 | €18,165 | €6,687 | -€11,479 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,165 | €6,687 | -€11,479 | -63.2% |
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 10 October 2026 via checked.be.