FRIVOLE: 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.
FRIVOLE
Largest movements
- Tangible fixed assets -€100,503
down €100,503 (-17.5%), from €574,425 to €473,923
of which Land and buildings: -€98,880
- Receivables within one year +€75,973
up €75,973 (+26.0%), from €292,124 to €368,097
of which Other amounts receivable: +€138,182
- Cash -€46,251
down €46,251 (-85.0%), from €54,399 to €8,148
mainly Receivables within one year (-€75,973) and Debts after one year (-€41,203)
- Debts after one year -€41,203
down €41,203 (-9.1%), from €451,940 to €410,737
- Reserves -€29,131
down €29,131 (-10.3%), from €284,075 to €254,944
of which Distributable reserves: -€29,131
- Profit (loss) carried forward -€18,425
new in 2025: -€18,425
- Trade debts +€12,526
up €12,526 (+1734.3%), from €722 to €13,248
- Gross operating margin -€371,178
down €371,178 (-95.8%), from €387,291 to €16,113
- Taxes -€117,916
down €117,916 (-99.2%), from €118,892 to €976
- Other operating charges -€4,109
down €4,109 (-32.0%), from €12,855 to €8,746
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 | €921,324 | €850,387 | -€70,938 | -7.7% |
| Fixed assets | 21/28 | €574,425 | €473,923 | -€100,503 | -17.5% |
| Tangible fixed assets | 22/27 | €574,425 | €473,923 | -€100,503 | -17.5% |
| Land and buildings | 22 | €568,564 | €469,684 | -€98,880 | -17.4% |
| Plant, machinery and equipment | 23 | €5,862 | €4,239 | -€1,623 | -27.7% |
| Current assets | 29/58 | €346,899 | €376,464 | +€29,565 | +8.5% |
| Amounts receivable within one year | 40/41 | €292,124 | €368,097 | +€75,973 | +26.0% |
| Trade receivables | 40 | €148,422 | €86,213 | -€62,208 | -41.9% |
| Other amounts receivable | 41 | €143,703 | €281,884 | +€138,182 | +96.2% |
| Cash at bank and in hand | 54/58 | €54,399 | €8,148 | -€46,251 | -85.0% |
| Deferred charges and accrued income | 490/1 | €375 | €219 | -€157 | -41.8% |
| Total equity and liabilities | 10/49 | €921,324 | €850,387 | -€70,938 | -7.7% |
| Equity | 10/15 | €302,675 | €255,118 | -€47,557 | -15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,075 | €254,944 | -€29,131 | -10.3% |
| 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 | €282,215 | €253,084 | -€29,131 | -10.3% |
| Profit (loss) carried forward | 14 | - | -€18,425 | -€18,425 | |
| Amounts payable | 17/49 | €618,650 | €595,269 | -€23,381 | -3.8% |
| Amounts payable after more than one year | 17 | €451,940 | €410,737 | -€41,203 | -9.1% |
| Financial debts | 170/4 | €451,940 | €410,737 | -€41,203 | -9.1% |
| Amounts payable within one year | 42/48 | €166,709 | €178,026 | +€11,317 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €40,555 | €41,203 | +€648 | +1.6% |
| Trade debts | 44 | €722 | €13,248 | +€12,526 | +1734.3% |
| Suppliers | 440/4 | €722 | €13,248 | +€12,526 | +1734.3% |
| Taxes, remuneration and social security | 45 | €125,268 | €123,150 | -€2,118 | -1.7% |
| Taxes | 450/3 | €125,268 | €123,150 | -€2,118 | -1.7% |
| Other amounts payable | 47/48 | €165 | €425 | +€261 | +158.4% |
| Accrued charges and deferred income | 492/3 | €0 | €6,505 | +€6,505 | |
| Non-recurring operating income | 76A | €0 | €13,120 | +€13,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,544 | €17,927 | -€1,618 | -8.3% |
| Other operating charges | 640/8 | €12,855 | €8,746 | -€4,109 | -32.0% |
| Gross operating margin | 9900 | €387,291 | €16,113 | -€371,178 | -95.8% |
| Operating profit (loss) | 9901 | €354,892 | -€10,560 | -€365,452 | |
| Financial income | 75/76B | €252 | €62 | -€190 | -75.4% |
| Recurring financial income | 75 | €252 | €62 | -€190 | -75.4% |
| Financial charges | 65/66B | €10,436 | €6,952 | -€3,483 | -33.4% |
| Recurring financial charges | 65 | €10,436 | €6,952 | -€3,483 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €344,708 | -€17,450 | -€362,158 | |
| Income taxes | 67/77 | €118,892 | €976 | -€117,916 | -99.2% |
| Profit (loss) for the period | 9904 | €225,816 | -€18,425 | -€244,242 | |
| Profit (loss) for the period to be appropriated | 9905 | €225,816 | -€18,425 | -€244,242 |
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 30 September 2026 via checked.be.