FRITSEL: what changed
Two fiscal 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.
FRITSEL
Largest movements
- Intangible fixed assets -€624
down €624 (-59.3%), from €1,051 to €427
- Cash -€462
down €462 (-14.1%), from €3,271 to €2,809
mainly Net result for the year (-€3,417) and Receivables within one year (-€261)
- Formation expenses -€269
down €269 (-98.4%), from €274 to €4
- Receivables within one year +€261
up €261 (+12.0%), from €2,168 to €2,429
- Profit (loss) carried forward -€3,417
down €3,417 (-14.0%), from -€24,428 to -€27,845
- Trade debts +€2,080
up €2,080 (+89.3%), from €2,329 to €4,409
- Short-term financial debts +€284
new in 2025: €284
- Gross operating margin +€2,133
up €2,133 (+52.5%), from -€4,065 to -€1,932
- Financial charges +€256
up €256 (+108.9%), from €235 to €491
- Other operating charges +€100
new in 2025: €100
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 | €6,764 | €5,670 | -€1,094 | -16.2% |
| Formation expenses | 20 | €274 | €4 | -€269 | -98.4% |
| Fixed assets | 21/28 | €1,051 | €427 | -€624 | -59.3% |
| Intangible fixed assets | 21 | €1,051 | €427 | -€624 | -59.3% |
| Current assets | 29/58 | €5,439 | €5,238 | -€201 | -3.7% |
| Amounts receivable within one year | 40/41 | €2,168 | €2,429 | +€261 | +12.0% |
| Other amounts receivable | 41 | €2,168 | €2,429 | +€261 | +12.0% |
| Cash at bank and in hand | 54/58 | €3,271 | €2,809 | -€462 | -14.1% |
| Total equity and liabilities | 10/49 | €6,764 | €5,670 | -€1,094 | -16.2% |
| Equity | 10/15 | €572 | -€2,845 | -€3,417 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,428 | -€27,845 | -€3,417 | -14.0% |
| Amounts payable | 17/49 | €6,193 | €8,515 | +€2,323 | +37.5% |
| Amounts payable after more than one year | 17 | €2,863 | €2,823 | -€41 | -1.4% |
| Other amounts payable | 178/9 | €2,863 | €2,823 | -€41 | -1.4% |
| Amounts payable within one year | 42/48 | €3,329 | €5,692 | +€2,363 | +71.0% |
| Financial debts | 43 | - | €284 | +€284 | |
| Credit institutions | 430/8 | - | €284 | +€284 | |
| Trade debts | 44 | €2,329 | €4,409 | +€2,080 | +89.3% |
| Suppliers | 440/4 | €2,329 | €4,409 | +€2,080 | +89.3% |
| Other amounts payable | 47/48 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €893 | €893 | = | 0.0% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | -€4,065 | -€1,932 | +€2,133 | +52.5% |
| Operating profit (loss) | 9901 | -€4,958 | -€2,926 | +€2,033 | +41.0% |
| Financial charges | 65/66B | €235 | €491 | +€256 | +108.9% |
| Recurring financial charges | 65 | €235 | €491 | +€256 | +108.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,194 | -€3,417 | +€1,777 | +34.2% |
| Profit (loss) for the period | 9904 | -€5,194 | -€3,417 | +€1,777 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,194 | -€3,417 | +€1,777 | +34.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.