FRNDS: 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.
FRNDS
Largest movements
- Cash -€63,058
down €63,058 (-64.0%), from €98,560 to €35,501
mainly Current investments (-€60,000) and Accrued charges and deferred income (-€14,000)
- Current investments +€60,000
new in 2025: €60,000
- Receivables within one year +€11,890
up €11,890, from €0 to €11,890
of which Trade receivables: +€11,890
- Intangible fixed assets -€1,966
down €1,966 (-36.9%), from €5,334 to €3,368
- Profit (loss) carried forward +€14,539
up €14,539 (+18.1%), from €80,273 to €94,811
- Accrued charges and deferred income -€14,000
down €14,000 (-93.3%), from €15,000 to €1,000
- Tax, wage and social debts +€3,849
up €3,849 (+147%), from €2,617 to €6,466
- Trade debts +€3,388
up €3,388 (+320%), from €1,060 to €4,449
- Gross operating margin -€3,785
down €3,785 (-13.8%), from €27,328 to €23,543
- Other operating charges -€318
down €318 (-41.3%), from €770 to €452
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 | €120,950 | €128,726 | +€7,776 | +6.4% |
| Fixed assets | 21/28 | €5,334 | €3,368 | -€1,966 | -36.9% |
| Intangible fixed assets | 21 | €5,334 | €3,368 | -€1,966 | -36.9% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €115,616 | €125,358 | +€9,742 | +8.4% |
| Amounts receivable within one year | 40/41 | €0 | €11,890 | +€11,890 | |
| Trade receivables | 40 | €0 | €11,890 | +€11,890 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €98,560 | €35,501 | -€63,058 | -64.0% |
| Deferred charges and accrued income | 490/1 | €17,056 | €17,966 | +€910 | +5.3% |
| Total equity and liabilities | 10/49 | €120,950 | €128,726 | +€7,776 | +6.4% |
| Equity | 10/15 | €102,273 | €116,811 | +€14,539 | +14.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,273 | €94,811 | +€14,539 | +18.1% |
| Amounts payable | 17/49 | €18,678 | €11,915 | -€6,763 | -36.2% |
| Amounts payable within one year | 42/48 | €3,678 | €10,915 | +€7,237 | +197% |
| Trade debts | 44 | €1,060 | €4,449 | +€3,388 | +320% |
| Suppliers | 440/4 | €1,060 | €4,449 | +€3,388 | +320% |
| Taxes, remuneration and social security | 45 | €2,617 | €6,466 | +€3,849 | +147% |
| Taxes | 450/3 | €2,617 | €6,466 | +€3,849 | +147% |
| Accrued charges and deferred income | 492/3 | €15,000 | €1,000 | -€14,000 | -93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,235 | €1,966 | -€268 | -12.0% |
| Other operating charges | 640/8 | €770 | €452 | -€318 | -41.3% |
| Gross operating margin | 9900 | €27,328 | €23,543 | -€3,785 | -13.8% |
| Operating profit (loss) | 9901 | €24,323 | €21,125 | -€3,198 | -13.1% |
| Financial income | 75/76B | €0 | €152 | +€152 | |
| Recurring financial income | 75 | €0 | €152 | +€152 | |
| Financial charges | 65/66B | €275 | €272 | -€3 | -1.3% |
| Recurring financial charges | 65 | €275 | €272 | -€3 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €24,048 | €21,005 | -€3,043 | -12.7% |
| Income taxes | 67/77 | €6,617 | €6,466 | -€151 | -2.3% |
| Profit (loss) for the period | 9904 | €17,430 | €14,539 | -€2,891 | -16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,430 | €14,539 | -€2,891 | -16.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.