FRONT GROUP: 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.
FRONT GROUP
Largest movements
- Cash -€117,241
down €117,241 (-71.3%), from €164,404 to €47,163
mainly Net result for the year (-€58,479) and Receivables within one year (-€38,591)
- Receivables within one year +€38,591
up €38,591 (+47.5%), from €81,194 to €119,785
of which Trade receivables: +€25,331
- Stocks and contracts +€15,469
up €15,469 (+29.9%), from €51,652 to €67,121
- Profit (loss) carried forward -€58,479
down €58,479 (-57.8%), from €101,188 to €42,709
- Tax, wage and social debts -€6,649
down €6,649 (-66.5%), from €10,000 to €3,351
of which Taxes: -€5,031
- Gross operating margin -€85,733
down €85,733, from €67,657 to -€18,076
- Taxes -€8,603
down €8,603 (-97.8%), from €8,795 to €192
- Other operating charges -€5,903
down €5,903 (-72.5%), from €8,141 to €2,238
- Financial income -€4,940
down €4,940 (-88.5%), from €5,584 to €644
of which Non-recurring financial income: -€5,500
- Write-downs -€3,237
down €3,237, from €2,631 to -€606
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 | €307,117 | €241,393 | -€65,725 | -21.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €8,337 | €7,324 | -€1,013 | -12.2% |
| Tangible fixed assets | 22/27 | €2,724 | €1,711 | -€1,013 | -37.2% |
| Plant, machinery and equipment | 23 | €2,601 | €1,711 | -€890 | -34.2% |
| Furniture and vehicles | 24 | €124 | €0 | -€124 | -100% |
| Financial fixed assets | 28 | €5,613 | €5,613 | = | 0.0% |
| Current assets | 29/58 | €298,780 | €234,069 | -€64,711 | -21.7% |
| Stocks and contracts in progress | 3 | €51,652 | €67,121 | +€15,469 | +29.9% |
| Stocks | 30/36 | €51,652 | €67,121 | +€15,469 | +29.9% |
| Amounts receivable within one year | 40/41 | €81,194 | €119,785 | +€38,591 | +47.5% |
| Trade receivables | 40 | €30,456 | €55,787 | +€25,331 | +83.2% |
| Other amounts receivable | 41 | €50,738 | €63,998 | +€13,260 | +26.1% |
| Cash at bank and in hand | 54/58 | €164,404 | €47,163 | -€117,241 | -71.3% |
| Deferred charges and accrued income | 490/1 | €1,529 | - | -€1,529 | |
| Total equity and liabilities | 10/49 | €307,117 | €241,393 | -€65,725 | -21.4% |
| Equity | 10/15 | €137,019 | €78,540 | -€58,479 | -42.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,831 | €15,831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €750 | €750 | = | 0.0% |
| Reserves not available under the articles | 1311 | €750 | €750 | = | 0.0% |
| Distributable reserves | 133 | €15,081 | €15,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,188 | €42,709 | -€58,479 | -57.8% |
| Amounts payable | 17/49 | €170,098 | €162,852 | -€7,245 | -4.3% |
| Amounts payable within one year | 42/48 | €170,098 | €162,852 | -€7,245 | -4.3% |
| Financial debts | 43 | - | €244 | +€244 | |
| Credit institutions | 430/8 | - | €244 | +€244 | |
| Trade debts | 44 | €160,098 | €159,257 | -€841 | -0.5% |
| Suppliers | 440/4 | €160,098 | €159,257 | -€841 | -0.5% |
| Taxes, remuneration and social security | 45 | €10,000 | €3,351 | -€6,649 | -66.5% |
| Taxes | 450/3 | €6,539 | €1,508 | -€5,031 | -76.9% |
| Remuneration and social security | 454/9 | €3,461 | €1,843 | -€1,618 | -46.7% |
| Remuneration, social security and pensions | 62 | €37,183 | €37,298 | +€115 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €856 | €1,393 | +€537 | +62.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,631 | -€606 | -€3,237 | |
| Other operating charges | 640/8 | €8,141 | €2,238 | -€5,903 | -72.5% |
| Gross operating margin | 9900 | €67,657 | -€18,076 | -€85,733 | |
| Operating profit (loss) | 9901 | €18,846 | -€58,399 | -€77,245 | |
| Financial income | 75/76B | €5,584 | €644 | -€4,940 | -88.5% |
| Recurring financial income | 75 | €84 | €644 | +€560 | +670% |
| Non-recurring financial income | 76B | €5,500 | - | -€5,500 | |
| Financial charges | 65/66B | €554 | €532 | -€22 | -3.9% |
| Recurring financial charges | 65 | €554 | €532 | -€22 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €23,876 | -€58,287 | -€82,163 | |
| Income taxes | 67/77 | €8,795 | €192 | -€8,603 | -97.8% |
| Profit (loss) for the period | 9904 | €15,081 | -€58,479 | -€73,561 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,081 | -€58,479 | -€73,561 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.