FRIVER INVEST: what changed
FRIVER INVEST
Largest movements
- Deferred charges and accrued income -€8,278
down €8,278 (-90.4%), from €9,161 to €884
- Cash +€1,850
up €1,850 (+4.4%), from €42,176 to €44,026
mainly Deferred charges and accrued income (+€8,278) and Depreciation (+€410)
- Profit (loss) carried forward -€6,792
new in 2025: -€6,792
- Financial charges -€26,524
down €26,524 (-99.5%), from €26,654 to €130
of which Non-recurring financial charges: -€26,562
- Depreciation -€2,125
down €2,125 (-83.8%), from €2,535 to €410
- Gross operating margin -€646
down €646 (-14.8%), from €4,363 to €3,718
- Financial income +€135
up €135 (+63.4%), from €214 to €349
- Other operating charges +€93
up €93 (+8.8%), from €1,064 to €1,157
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €82,734 | €76,001 | -€6,733 | -8.1% |
| Fixed assets | 21/28 | €31,333 | €30,923 | -€410 | -1.3% |
| Tangible fixed assets | 22/27 | €31,333 | €30,923 | -€410 | -1.3% |
| Land and buildings | 22 | €31,333 | €30,923 | -€410 | -1.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €51,401 | €45,078 | -€6,323 | -12.3% |
| Amounts receivable within one year | 40/41 | €64 | €169 | +€105 | +163% |
| Other amounts receivable | 41 | €64 | €169 | +€105 | +163% |
| Cash at bank and in hand | 54/58 | €42,176 | €44,026 | +€1,850 | +4.4% |
| Deferred charges and accrued income | 490/1 | €9,161 | €884 | -€8,278 | -90.4% |
| Total equity and liabilities | 10/49 | €82,734 | €76,001 | -€6,733 | -8.1% |
| Equity | 10/15 | €80,150 | €73,359 | -€6,792 | -8.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €18,150 | €18,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €11,950 | €11,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,792 | -€6,792 | |
| Amounts payable | 17/49 | €2,584 | €2,643 | +€59 | +2.3% |
| Amounts payable within one year | 42/48 | €2,584 | €2,643 | +€59 | +2.3% |
| Trade debts | 44 | €2,377 | €2,436 | +€59 | +2.5% |
| Suppliers | 440/4 | €2,377 | €2,436 | +€59 | +2.5% |
| Other amounts payable | 47/48 | €207 | €207 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,535 | €410 | -€2,125 | -83.8% |
| Other operating charges | 640/8 | €1,064 | €1,157 | +€93 | +8.8% |
| Non-recurring operating charges | 66A | - | €9,161 | +€9,161 | |
| Gross operating margin | 9900 | €4,363 | €3,718 | -€646 | -14.8% |
| Operating profit (loss) | 9901 | €764 | -€7,011 | -€7,775 | |
| Financial income | 75/76B | €214 | €349 | +€135 | +63.4% |
| Recurring financial income | 75 | €214 | €349 | +€135 | +63.4% |
| Financial charges | 65/66B | €26,654 | €130 | -€26,524 | -99.5% |
| Recurring financial charges | 65 | €92 | €130 | +€38 | +41.3% |
| Non-recurring financial charges | 66B | €26,562 | - | -€26,562 | |
| Profit (loss) for the period before taxes | 9903 | -€25,676 | -€6,792 | +€18,884 | +73.5% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€25,676 | -€6,792 | +€18,884 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,676 | -€6,792 | +€18,884 | +73.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.