Fritz & C°: 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 & C°
Largest movements
- Cash +€4.5m
up €4.5m (+314.8%), from €1.4m to €5.9m
mainly Net result for the year (+€3.2m) and Other debts (+€1.2m)
- Current investments -€981,588
down €981,588 (-16.8%), from €5.8m to €4.9m
- Receivables within one year -€790,157
down €790,157 (-99.2%), from €796,361 to €6,205
of which Other amounts receivable: -€774,338
- Tangible fixed assets -€572,586
down €572,586 (-19.3%), from €3.0m to €2.4m
of which Land and buildings: -€473,467
- Other debts +€1.2m
up €1.2m (+139.8%), from €833,006 to €2.0m
- Reserves +€714,000
up €714,000 (+6.7%), from €10.7m to €11.4m
of which Distributable reserves: +€718,970
- Tax, wage and social debts +€421,829
up €421,829 (+103.8%), from €406,199 to €828,028
of which Taxes: +€402,447
- Gross operating margin +€812,370
up €812,370 (+27.7%), from €2.9m to €3.7m
- Financial income +€759,505
up €759,505 (+324.5%), from €234,073 to €993,578
- Taxes +€360,405
up €360,405 (+38.1%), from €946,732 to €1.3m
- Financial charges +€222,790
up €222,790, from -€153,829 to €68,960
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 | €12,064,105 | €14,340,019 | +€2.3m | +18.9% |
| Fixed assets | 21/28 | €3,979,695 | €3,533,783 | -€445,912 | -11.2% |
| Tangible fixed assets | 22/27 | €2,960,317 | €2,387,731 | -€572,586 | -19.3% |
| Land and buildings | 22 | €1,063,985 | €590,518 | -€473,467 | -44.5% |
| Plant, machinery and equipment | 23 | €627 | - | -€627 | |
| Furniture and vehicles | 24 | €33,115 | €21,182 | -€11,933 | -36.0% |
| Other tangible fixed assets | 26 | €1,862,590 | €1,776,031 | -€86,559 | -4.6% |
| Financial fixed assets | 28 | €1,019,378 | €1,146,053 | +€126,675 | +12.4% |
| Current assets | 29/58 | €8,084,410 | €10,806,236 | +€2.7m | +33.7% |
| Amounts receivable within one year | 40/41 | €796,361 | €6,205 | -€790,157 | -99.2% |
| Trade receivables | 40 | €22,023 | €6,205 | -€15,818 | -71.8% |
| Other amounts receivable | 41 | €774,338 | - | -€774,338 | |
| Current investments | 50/53 | €5,836,425 | €4,854,837 | -€981,588 | -16.8% |
| Cash at bank and in hand | 54/58 | €1,426,917 | €5,918,653 | +€4.5m | +314.8% |
| Deferred charges and accrued income | 490/1 | €24,706 | €26,542 | +€1,836 | +7.4% |
| Total equity and liabilities | 10/49 | €12,064,105 | €14,340,019 | +€2.3m | +18.9% |
| Equity | 10/15 | €10,730,962 | €11,444,962 | +€714,000 | +6.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €10,718,462 | €11,432,462 | +€714,000 | +6.7% |
| Tax-exempt reserves | 132 | €124,267 | €119,297 | -€4,970 | -4.0% |
| Distributable reserves | 133 | €10,594,195 | €11,313,165 | +€718,970 | +6.8% |
| Provisions and deferred taxes | 16 | €41,422 | €39,766 | -€1,657 | -4.0% |
| Deferred taxes | 168 | €41,422 | €39,766 | -€1,657 | -4.0% |
| Amounts payable | 17/49 | €1,291,720 | €2,855,292 | +€1.6m | +121.0% |
| Amounts payable within one year | 42/48 | €1,291,304 | €2,855,292 | +€1.6m | +121.1% |
| Financial debts | 43 | €34,500 | - | -€34,500 | |
| Credit institutions | 430/8 | €34,500 | - | -€34,500 | |
| Trade debts | 44 | €17,598 | €29,721 | +€12,123 | +68.9% |
| Suppliers | 440/4 | €17,598 | €29,721 | +€12,123 | +68.9% |
| Taxes, remuneration and social security | 45 | €406,199 | €828,028 | +€421,829 | +103.8% |
| Taxes | 450/3 | €400,920 | €803,367 | +€402,447 | +100.4% |
| Remuneration and social security | 454/9 | €5,279 | €24,661 | +€19,381 | +367.1% |
| Other amounts payable | 47/48 | €833,006 | €1,997,543 | +€1.2m | +139.8% |
| Accrued charges and deferred income | 492/3 | €417 | - | -€417 | |
| Remuneration, social security and pensions | 62 | €29,997 | €38,399 | +€8,402 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,624 | €129,925 | -€21,699 | -14.3% |
| Other operating charges | 640/8 | €15,238 | €17,202 | +€1,964 | +12.9% |
| Gross operating margin | 9900 | €2,934,982 | €3,747,352 | +€812,370 | +27.7% |
| Operating profit (loss) | 9901 | €2,738,123 | €3,561,827 | +€823,703 | +30.1% |
| Financial income | 75/76B | €234,073 | €993,578 | +€759,505 | +324.5% |
| Recurring financial income | 75 | €234,073 | €993,578 | +€759,505 | +324.5% |
| Financial charges | 65/66B | -€153,829 | €68,960 | +€222,790 | |
| Recurring financial charges | 65 | -€153,829 | €68,960 | +€222,790 | |
| Profit (loss) for the period before taxes | 9903 | €3,126,026 | €4,486,444 | +€1.4m | +43.5% |
| Transfer from deferred taxes | 780 | €1,657 | €1,657 | = | 0.0% |
| Income taxes | 67/77 | €946,732 | €1,307,138 | +€360,405 | +38.1% |
| Profit (loss) for the period | 9904 | €2,180,950 | €3,180,963 | +€1.0m | +45.9% |
| Transfer from tax-exempt reserves | 789 | €4,970 | €4,970 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,185,920 | €3,185,933 | +€1.0m | +45.7% |
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 5 October 2026 via checked.be.