fritzy's: 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.
fritzy's
Largest movements
- Tangible fixed assets -€34,570
down €34,570 (-7.1%), from €484,466 to €449,896
of which Land and buildings: -€21,615
- Current investments +€30,200
new in 2025: €30,200
- Cash -€8,062
down €8,062 (-47.3%), from €17,053 to €8,991
mainly Debts after one year (-€76,164) and Current investments (-€30,200)
- Reserves +€87,582
up €87,582 (+33.6%), from €261,044 to €348,626
of which Distributable reserves: +€87,582
- Debts after one year -€76,164
down €76,164 (-22.5%), from €338,128 to €261,964
of which Financial debts: -€56,102
- Profit (loss) carried forward -€31,773
no longer reported in 2025 (was €31,773)
- Tax, wage and social debts +€14,118
up €14,118 (+60.7%), from €23,251 to €37,369
of which Taxes: +€11,118
- Gross operating margin +€31,903
up €31,903 (+26.4%), from €120,876 to €152,779
- Depreciation +€7,333
up €7,333 (+15.5%), from €47,459 to €54,792
- Financial charges -€5,606
down €5,606 (-24.7%), from €22,709 to €17,102
- Taxes +€4,871
up €4,871 (+39.5%), from €12,326 to €17,197
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 | €759,251 | €740,594 | -€18,658 | -2.5% |
| Fixed assets | 21/28 | €484,842 | €449,896 | -€34,946 | -7.2% |
| Intangible fixed assets | 21 | €376 | - | -€376 | |
| Tangible fixed assets | 22/27 | €484,466 | €449,896 | -€34,570 | -7.1% |
| Land and buildings | 22 | €376,346 | €354,731 | -€21,615 | -5.7% |
| Plant, machinery and equipment | 23 | €23,506 | €19,211 | -€4,294 | -18.3% |
| Furniture and vehicles | 24 | €26,891 | €17,547 | -€9,344 | -34.7% |
| Leasing and similar rights | 25 | €25,071 | €36,388 | +€11,317 | +45.1% |
| Other tangible fixed assets | 26 | €32,652 | €22,018 | -€10,634 | -32.6% |
| Current assets | 29/58 | €274,409 | €290,698 | +€16,289 | +5.9% |
| Stocks and contracts in progress | 3 | €248,148 | €241,802 | -€6,346 | -2.6% |
| Stocks | 30/36 | €248,148 | €241,802 | -€6,346 | -2.6% |
| Amounts receivable within one year | 40/41 | €7,643 | €8,646 | +€1,003 | +13.1% |
| Other amounts receivable | 41 | €7,643 | €8,646 | +€1,003 | +13.1% |
| Current investments | 50/53 | - | €30,200 | +€30,200 | |
| Cash at bank and in hand | 54/58 | €17,053 | €8,991 | -€8,062 | -47.3% |
| Deferred charges and accrued income | 490/1 | €1,566 | €1,059 | -€507 | -32.4% |
| Total equity and liabilities | 10/49 | €759,251 | €740,594 | -€18,658 | -2.5% |
| Equity | 10/15 | €299,017 | €354,826 | +€55,809 | +18.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €261,044 | €348,626 | +€87,582 | +33.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €259,184 | €346,766 | +€87,582 | +33.8% |
| Profit (loss) carried forward | 14 | €31,773 | - | -€31,773 | |
| Amounts payable | 17/49 | €460,235 | €385,768 | -€74,467 | -16.2% |
| Amounts payable after more than one year | 17 | €338,128 | €261,964 | -€76,164 | -22.5% |
| Financial debts | 170/4 | €300,736 | €244,634 | -€56,102 | -18.7% |
| Other amounts payable | 178/9 | €37,392 | €17,330 | -€20,062 | -53.7% |
| Amounts payable within one year | 42/48 | €122,106 | €121,804 | -€302 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €81,267 | €74,361 | -€6,906 | -8.5% |
| Trade debts | 44 | €17,588 | €10,074 | -€7,514 | -42.7% |
| Suppliers | 440/4 | €17,588 | €10,074 | -€7,514 | -42.7% |
| Taxes, remuneration and social security | 45 | €23,251 | €37,369 | +€14,118 | +60.7% |
| Taxes | 450/3 | €21,751 | €32,869 | +€11,118 | +51.1% |
| Remuneration and social security | 454/9 | €1,500 | €4,500 | +€3,000 | +200% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Non-recurring operating income | 76A | €3,678 | €500 | -€3,178 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,459 | €54,792 | +€7,333 | +15.5% |
| Other operating charges | 640/8 | €6,689 | €6,296 | -€393 | -5.9% |
| Non-recurring operating charges | 66A | - | €1,583 | +€1,583 | |
| Gross operating margin | 9900 | €120,876 | €152,779 | +€31,903 | +26.4% |
| Operating profit (loss) | 9901 | €66,728 | €90,108 | +€23,380 | +35.0% |
| Financial income | 75/76B | €79 | - | -€79 | |
| Recurring financial income | 75 | €79 | - | -€79 | |
| Financial charges | 65/66B | €22,709 | €17,102 | -€5,606 | -24.7% |
| Recurring financial charges | 65 | €22,709 | €17,102 | -€5,606 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €44,099 | €73,006 | +€28,907 | +65.6% |
| Income taxes | 67/77 | €12,326 | €17,197 | +€4,871 | +39.5% |
| Profit (loss) for the period | 9904 | €31,773 | €55,809 | +€24,036 | +75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €31,773 | €55,809 | +€24,036 | +75.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.