Frontal Design: 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.
Frontal Design
Largest movements
- Tangible fixed assets +€83,119
up €83,119 (+4,647%), from €1,789 to €84,907
of which Furniture and vehicles: +€78,045
- Cash -€34,644
down €34,644 (-49.6%), from €69,802 to €35,158
mainly Investment in fixed assets (net) (-€85,989) and Tax, wage and social debts (-€7,886)
- Receivables after one year +€5,252
up €5,252 (+67.8%), from €7,748 to €13,000
- Receivables within one year +€3,687
up €3,687 (+29.5%), from €12,506 to €16,193
of which Other amounts receivable: +€1,878
- Debts after one year +€50,941
new in 2025: €50,941
- Current portion of long-term debt +€11,559
new in 2025: €11,559
- Tax, wage and social debts -€7,886
down €7,886 (-50.2%), from €15,694 to €7,808
- Trade debts +€1,683
up €1,683 (+85.0%), from €1,979 to €3,662
- Gross operating margin -€30,210
down €30,210 (-84.2%), from €35,879 to €5,669
- Taxes -€5,838
down €5,838 (-81.3%), from €7,180 to €1,342
- Depreciation +€1,764
up €1,764 (+159%), from €1,106 to €2,870
- Financial income +€493
up €493 (+208%), from €238 to €731
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 | €93,372 | €150,765 | +€57,393 | +61.5% |
| Fixed assets | 21/28 | €1,789 | €84,907 | +€83,119 | +4,647% |
| Tangible fixed assets | 22/27 | €1,789 | €84,907 | +€83,119 | +4,647% |
| Plant, machinery and equipment | 23 | €193 | €5,266 | +€5,073 | +2,630% |
| Furniture and vehicles | 24 | €1,596 | €79,641 | +€78,045 | +4,891% |
| Current assets | 29/58 | €91,584 | €65,858 | -€25,726 | -28.1% |
| Amounts receivable after more than one year | 29 | €7,748 | €13,000 | +€5,252 | +67.8% |
| Other amounts receivable | 291 | €7,748 | €13,000 | +€5,252 | +67.8% |
| Amounts receivable within one year | 40/41 | €12,506 | €16,193 | +€3,687 | +29.5% |
| Trade receivables | 40 | €11,591 | €13,400 | +€1,809 | +15.6% |
| Other amounts receivable | 41 | €915 | €2,793 | +€1,878 | +205% |
| Cash at bank and in hand | 54/58 | €69,802 | €35,158 | -€34,644 | -49.6% |
| Deferred charges and accrued income | 490/1 | €1,527 | €1,506 | -€21 | -1.4% |
| Total equity and liabilities | 10/49 | €93,372 | €150,765 | +€57,393 | +61.5% |
| Equity | 10/15 | €75,700 | €76,796 | +€1,096 | +1.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €74,200 | €75,296 | +€1,096 | +1.5% |
| Distributable reserves | 133 | €74,200 | €75,296 | +€1,096 | +1.5% |
| Amounts payable | 17/49 | €17,672 | €73,970 | +€56,297 | +319% |
| Amounts payable after more than one year | 17 | - | €50,941 | +€50,941 | |
| Financial debts | 170/4 | - | €50,941 | +€50,941 | |
| Amounts payable within one year | 42/48 | €17,672 | €23,029 | +€5,357 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,559 | +€11,559 | |
| Trade debts | 44 | €1,979 | €3,662 | +€1,683 | +85.0% |
| Suppliers | 440/4 | €1,979 | €3,662 | +€1,683 | +85.0% |
| Taxes, remuneration and social security | 45 | €15,694 | €7,808 | -€7,886 | -50.2% |
| Taxes | 450/3 | €15,694 | €7,808 | -€7,886 | -50.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,106 | €2,870 | +€1,764 | +159% |
| Other operating charges | 640/8 | €920 | €611 | -€309 | -33.6% |
| Non-recurring operating charges | 66A | - | €193 | +€193 | |
| Gross operating margin | 9900 | €35,879 | €5,669 | -€30,210 | -84.2% |
| Operating profit (loss) | 9901 | €33,853 | €1,995 | -€31,858 | -94.1% |
| Financial income | 75/76B | €238 | €731 | +€493 | +208% |
| Recurring financial income | 75 | €238 | €731 | +€493 | +208% |
| Financial charges | 65/66B | €267 | €288 | +€21 | +8.0% |
| Recurring financial charges | 65 | €267 | €288 | +€21 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €33,824 | €2,438 | -€31,386 | -92.8% |
| Income taxes | 67/77 | €7,180 | €1,342 | -€5,838 | -81.3% |
| Profit (loss) for the period | 9904 | €26,644 | €1,096 | -€25,548 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,644 | €1,096 | -€25,548 | -95.9% |
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 21 October 2026 via checked.be.