FRL CONSULT: 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.
FRL CONSULT
Largest movements
- Receivables within one year +€51,584
up €51,584 (+32.3%), from €159,468 to €211,052
of which Other amounts receivable: +€49,347
- Cash -€9,589
down €9,589 (-9.3%), from €103,653 to €94,064
mainly Contributions, distributions and other (-€114,500) and Receivables within one year (-€51,584)
- Other debts +€79,461
up €79,461 (+39.7%), from €200,000 to €279,461
- Tax, wage and social debts -€22,756
down €22,756 (-62.7%), from €36,276 to €13,520
of which Taxes: -€20,356
- Profit (loss) carried forward -€16,736
down €16,736 (-58.6%), from €28,579 to €11,844
- Gross operating margin +€9,322
up €9,322 (+8.3%), from €111,741 to €121,063
- Taxes +€1,352
up €1,352 (+5.7%), from €23,597 to €24,948
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 | €267,517 | €308,697 | +€41,179 | +15.4% |
| Fixed assets | 21/28 | €3,149 | €1,976 | -€1,174 | -37.3% |
| Tangible fixed assets | 22/27 | €3,106 | €1,932 | -€1,174 | -37.8% |
| Furniture and vehicles | 24 | €3,106 | €1,932 | -€1,174 | -37.8% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €264,368 | €306,721 | +€42,353 | +16.0% |
| Amounts receivable within one year | 40/41 | €159,468 | €211,052 | +€51,584 | +32.3% |
| Trade receivables | 40 | €13,763 | €16,000 | +€2,237 | +16.3% |
| Other amounts receivable | 41 | €145,705 | €195,052 | +€49,347 | +33.9% |
| Cash at bank and in hand | 54/58 | €103,653 | €94,064 | -€9,589 | -9.3% |
| Deferred charges and accrued income | 490/1 | €1,248 | €1,606 | +€358 | +28.7% |
| Total equity and liabilities | 10/49 | €267,517 | €308,697 | +€41,179 | +15.4% |
| Equity | 10/15 | €31,079 | €14,344 | -€16,736 | -53.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,579 | €11,844 | -€16,736 | -58.6% |
| Amounts payable | 17/49 | €236,438 | €294,353 | +€57,915 | +24.5% |
| Amounts payable within one year | 42/48 | €236,438 | €294,353 | +€57,915 | +24.5% |
| Trade debts | 44 | €162 | €1,372 | +€1,209 | +745.5% |
| Suppliers | 440/4 | €162 | €1,372 | +€1,209 | +745.5% |
| Taxes, remuneration and social security | 45 | €36,276 | €13,520 | -€22,756 | -62.7% |
| Taxes | 450/3 | €33,876 | €13,520 | -€20,356 | -60.1% |
| Remuneration and social security | 454/9 | €2,400 | - | -€2,400 | |
| Other amounts payable | 47/48 | €200,000 | €279,461 | +€79,461 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,174 | €1,174 | = | 0.0% |
| Other operating charges | 640/8 | €486 | €400 | -€87 | -17.8% |
| Gross operating margin | 9900 | €111,741 | €121,063 | +€9,322 | +8.3% |
| Operating profit (loss) | 9901 | €110,081 | €119,489 | +€9,409 | +8.5% |
| Financial income | 75/76B | €2,161 | €3,300 | +€1,139 | +52.7% |
| Recurring financial income | 75 | €2,161 | €3,300 | +€1,139 | +52.7% |
| Financial charges | 65/66B | €75 | €77 | +€2 | +2.0% |
| Recurring financial charges | 65 | €75 | €77 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €112,166 | €122,713 | +€10,546 | +9.4% |
| Income taxes | 67/77 | €23,597 | €24,948 | +€1,352 | +5.7% |
| Profit (loss) for the period | 9904 | €88,570 | €97,764 | +€9,195 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,570 | €97,764 | +€9,195 | +10.4% |
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 7 October 2026 via checked.be.