FRITLAND: 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.
FRITLAND
Largest movements
- Cash +€38,370
up €38,370 (+29.1%), from €132,040 to €170,409
mainly Net result for the year (+€147,867) and Other debts (+€118,077)
- Tangible fixed assets -€35,429
down €35,429 (-14.5%), from €244,903 to €209,474
of which Other tangible fixed assets: -€19,891
- Deferred charges and accrued income +€31,880
up €31,880 (+102%), from €31,180 to €63,060
- Receivables within one year -€22,071
down €22,071 (-6.4%), from €346,959 to €324,887
of which Other amounts receivable: -€56,572
- Reserves -€259,902
down €259,902 (-44.4%), from €584,748 to €324,846
of which Distributable reserves: -€260,000
- Profit (loss) carried forward +€147,769
up €147,769 (+236%), from €62,523 to €210,292
- Other debts +€118,077
new in 2025: €118,077
- Tax, wage and social debts +€30,325
up €30,325 (+42.8%), from €70,915 to €101,241
of which Remuneration and social security: +€22,561
- Trade debts -€22,734
down €22,734 (-15.3%), from €148,986 to €126,252
- Gross operating margin +€213,565
up €213,565 (+19.4%), from €1.1m to €1.3m
- Staff costs +€126,366
up €126,366 (+14.1%), from €899,001 to €1.0m
- Taxes +€31,888
up €31,888 (+151%), from €21,073 to €52,961
- Depreciation -€24,127
down €24,127 (-30.6%), from €78,836 to €54,709
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 | €918,445 | €931,545 | +€13,100 | +1.4% |
| Fixed assets | 21/28 | €380,349 | €344,920 | -€35,429 | -9.3% |
| Tangible fixed assets | 22/27 | €244,903 | €209,474 | -€35,429 | -14.5% |
| Plant, machinery and equipment | 23 | €83,604 | €81,283 | -€2,321 | -2.8% |
| Furniture and vehicles | 24 | €20,476 | €7,259 | -€13,218 | -64.6% |
| Other tangible fixed assets | 26 | €140,822 | €120,932 | -€19,891 | -14.1% |
| Financial fixed assets | 28 | €135,446 | €135,446 | = | 0.0% |
| Current assets | 29/58 | €538,096 | €586,625 | +€48,529 | +9.0% |
| Stocks and contracts in progress | 3 | €27,918 | €28,269 | +€351 | +1.3% |
| Stocks | 30/36 | €27,918 | €28,269 | +€351 | +1.3% |
| Amounts receivable within one year | 40/41 | €346,959 | €324,887 | -€22,071 | -6.4% |
| Trade receivables | 40 | €16,428 | €50,929 | +€34,501 | +210% |
| Other amounts receivable | 41 | €330,530 | €273,958 | -€56,572 | -17.1% |
| Cash at bank and in hand | 54/58 | €132,040 | €170,409 | +€38,370 | +29.1% |
| Deferred charges and accrued income | 490/1 | €31,180 | €63,060 | +€31,880 | +102% |
| Total equity and liabilities | 10/49 | €918,445 | €931,545 | +€13,100 | +1.4% |
| Equity | 10/15 | €667,722 | €555,589 | -€112,133 | -16.8% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €584,748 | €324,846 | -€259,902 | -44.4% |
| Tax-exempt reserves | 132 | €146 | €244 | +€98 | +66.9% |
| Distributable reserves | 133 | €584,602 | €324,602 | -€260,000 | -44.5% |
| Profit (loss) carried forward | 14 | €62,523 | €210,292 | +€147,769 | +236% |
| Amounts payable | 17/49 | €250,723 | €375,956 | +€125,233 | +49.9% |
| Amounts payable within one year | 42/48 | €250,723 | €375,956 | +€125,233 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €30,821 | €30,386 | -€436 | -1.4% |
| Trade debts | 44 | €148,986 | €126,252 | -€22,734 | -15.3% |
| Suppliers | 440/4 | €148,986 | €126,252 | -€22,734 | -15.3% |
| Taxes, remuneration and social security | 45 | €70,915 | €101,241 | +€30,325 | +42.8% |
| Taxes | 450/3 | €8,158 | €15,923 | +€7,765 | +95.2% |
| Remuneration and social security | 454/9 | €62,757 | €85,318 | +€22,561 | +35.9% |
| Other amounts payable | 47/48 | - | €118,077 | +€118,077 | |
| Non-recurring operating income | 76A | €4,817 | €133 | -€4,684 | -97.2% |
| Remuneration, social security and pensions | 62 | €899,001 | €1,025,367 | +€126,366 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,836 | €54,709 | -€24,127 | -30.6% |
| Other operating charges | 640/8 | €1,622 | €1,897 | +€275 | +16.9% |
| Non-recurring operating charges | 66A | €11,740 | - | -€11,740 | |
| Gross operating margin | 9900 | €1,099,366 | €1,312,931 | +€213,565 | +19.4% |
| Operating profit (loss) | 9901 | €108,167 | €230,959 | +€122,791 | +114% |
| Financial charges | 65/66B | €25,051 | €30,131 | +€5,080 | +20.3% |
| Recurring financial charges | 65 | €25,051 | €30,131 | +€5,080 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €83,116 | €200,828 | +€117,712 | +142% |
| Income taxes | 67/77 | €21,073 | €52,961 | +€31,888 | +151% |
| Profit (loss) for the period | 9904 | €62,043 | €147,867 | +€85,824 | +138% |
| Transfer to tax-exempt reserves | 689 | €98 | €98 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,946 | €147,769 | +€85,824 | +139% |
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.