FRITZ: 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.
FRITZ
Largest movements
- Cash -€17,566
down €17,566 (-60.0%), from €29,291 to €11,724
mainly Debts after one year (-€24,610) and Trade debts (-€6,553)
- Tangible fixed assets -€12,234
down €12,234 (-21.9%), from €55,772 to €43,537
of which Plant, machinery and equipment: -€8,339
- Receivables within one year -€2,242
down €2,242 (-5.1%), from €43,981 to €41,740
of which Other amounts receivable: -€2,142
- Debts after one year -€24,610
down €24,610 (-74.1%), from €33,200 to €8,590
- Trade debts -€6,553
down €6,553 (-91.7%), from €7,142 to €590
- Profit (loss) carried forward +€2,918
up €2,918 (+4.5%), from €64,230 to €67,148
- Tax, wage and social debts -€1,899
down €1,899 (-53.0%), from €3,583 to €1,684
- Accrued charges and deferred income -€1,368
down €1,368 (-68.4%), from €1,999 to €631
- Financial charges +€28,245
up €28,245 (+973.6%), from €2,901 to €31,146
- Gross operating margin -€6,845
down €6,845 (-12.4%), from €55,163 to €48,318
- Other operating charges -€1,462
down €1,462 (-70.6%), from €2,072 to €610
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 | €132,096 | €100,502 | -€31,594 | -23.9% |
| Fixed assets | 21/28 | €55,772 | €43,537 | -€12,234 | -21.9% |
| Tangible fixed assets | 22/27 | €55,772 | €43,537 | -€12,234 | -21.9% |
| Land and buildings | 22 | €17,365 | €14,486 | -€2,879 | -16.6% |
| Plant, machinery and equipment | 23 | €36,174 | €27,835 | -€8,339 | -23.1% |
| Furniture and vehicles | 24 | €2,233 | €1,217 | -€1,016 | -45.5% |
| Current assets | 29/58 | €76,325 | €56,964 | -€19,360 | -25.4% |
| Stocks and contracts in progress | 3 | €994 | €1,364 | +€370 | +37.2% |
| Stocks | 30/36 | €994 | €1,364 | +€370 | +37.2% |
| Amounts receivable within one year | 40/41 | €43,981 | €41,740 | -€2,242 | -5.1% |
| Trade receivables | 40 | €41,469 | €41,369 | -€100 | -0.2% |
| Other amounts receivable | 41 | €2,512 | €370 | -€2,142 | -85.3% |
| Cash at bank and in hand | 54/58 | €29,291 | €11,724 | -€17,566 | -60.0% |
| Deferred charges and accrued income | 490/1 | €2,059 | €2,136 | +€78 | +3.8% |
| Total equity and liabilities | 10/49 | €132,096 | €100,502 | -€31,594 | -23.9% |
| Equity | 10/15 | €86,089 | €89,007 | +€2,918 | +3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,230 | €67,148 | +€2,918 | +4.5% |
| Amounts payable | 17/49 | €46,007 | €11,495 | -€34,513 | -75.0% |
| Amounts payable after more than one year | 17 | €33,200 | €8,590 | -€24,610 | -74.1% |
| Other amounts payable | 178/9 | €33,200 | €8,590 | -€24,610 | -74.1% |
| Amounts payable within one year | 42/48 | €10,808 | €2,273 | -€8,535 | -79.0% |
| Trade debts | 44 | €7,142 | €590 | -€6,553 | -91.7% |
| Suppliers | 440/4 | €7,142 | €590 | -€6,553 | -91.7% |
| Taxes, remuneration and social security | 45 | €3,583 | €1,684 | -€1,899 | -53.0% |
| Taxes | 450/3 | €3,583 | €1,684 | -€1,899 | -53.0% |
| Other amounts payable | 47/48 | €83 | - | -€83 | |
| Accrued charges and deferred income | 492/3 | €1,999 | €631 | -€1,368 | -68.4% |
| Remuneration, social security and pensions | 62 | €165 | €180 | +€15 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,591 | €13,510 | -€81 | -0.6% |
| Other operating charges | 640/8 | €2,072 | €610 | -€1,462 | -70.6% |
| Non-recurring operating charges | 66A | €962 | - | -€962 | |
| Gross operating margin | 9900 | €55,163 | €48,318 | -€6,845 | -12.4% |
| Operating profit (loss) | 9901 | €38,372 | €34,018 | -€4,354 | -11.3% |
| Financial income | 75/76B | €55 | €47 | -€8 | -14.7% |
| Recurring financial income | 75 | €55 | €47 | -€8 | -14.7% |
| Financial charges | 65/66B | €2,901 | €31,146 | +€28,245 | +973.6% |
| Recurring financial charges | 65 | €2,901 | €31,146 | +€28,245 | +973.6% |
| Profit (loss) for the period before taxes | 9903 | €35,526 | €2,918 | -€32,608 | -91.8% |
| Profit (loss) for the period | 9904 | €35,526 | €2,918 | -€32,608 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,526 | €2,918 | -€32,608 | -91.8% |
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 1 October 2026 via checked.be.