FRONTES: 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.
FRONTES
Largest movements
- Cash +€500,083
up €500,083 (+338.0%), from €147,937 to €648,020
mainly Net result for the year (+€564,002) and Other debts (+€150,000)
- Current investments -€120,000
down €120,000 (-100.0%), from €120,000 to €0
- Tangible fixed assets +€91,566
up €91,566 (+471.4%), from €19,422 to €110,988
- Stocks and contracts +€74,650
up €74,650 (+1990.7%), from €3,750 to €78,400
- Receivables within one year +€42,444
up €42,444 (+117.9%), from €36,014 to €78,458
of which Trade receivables: +€43,231
- Reserves +€324,002
up €324,002 (+1014.7%), from €31,930 to €355,932
- Other debts +€150,000
up €150,000 (+166.7%), from €90,000 to €240,000
- Tax, wage and social debts +€108,228
up €108,228 (+1332.3%), from €8,123 to €116,351
- Trade debts -€37,189
down €37,189 (-49.1%), from €75,767 to €38,578
- Debts after one year +€23,337
up €23,337 (+68.3%), from €34,147 to €57,483
- Gross operating margin +€560,665
up €560,665 (+418.7%), from €133,917 to €694,582
- Taxes +€91,103
up €91,103 (+1121.5%), from €8,123 to €99,226
- Depreciation +€15,311
up €15,311 (+1968.5%), from €778 to €16,089
- Financial charges +€10,506
up €10,506 (+337.5%), from €3,112 to €13,618
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 | €336,935 | €926,704 | +€589,769 | +175.0% |
| Fixed assets | 21/28 | €23,472 | €115,038 | +€91,566 | +390.1% |
| Tangible fixed assets | 22/27 | €19,422 | €110,988 | +€91,566 | +471.4% |
| Plant, machinery and equipment | 23 | €19,422 | €54,394 | +€34,971 | +180.1% |
| Furniture and vehicles | 24 | - | €19,121 | +€19,121 | |
| Leasing and similar rights | 25 | - | €37,473 | +€37,473 | |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €313,462 | €811,666 | +€498,204 | +158.9% |
| Stocks and contracts in progress | 3 | €3,750 | €78,400 | +€74,650 | +1990.7% |
| Stocks | 30/36 | €3,750 | €78,400 | +€74,650 | +1990.7% |
| Amounts receivable within one year | 40/41 | €36,014 | €78,458 | +€42,444 | +117.9% |
| Trade receivables | 40 | €35,227 | €78,458 | +€43,231 | +122.7% |
| Other amounts receivable | 41 | €787 | €0 | -€787 | -100.0% |
| Current investments | 50/53 | €120,000 | €0 | -€120,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €147,937 | €648,020 | +€500,083 | +338.0% |
| Deferred charges and accrued income | 490/1 | €5,761 | €6,788 | +€1,027 | +17.8% |
| Total equity and liabilities | 10/49 | €336,935 | €926,704 | +€589,769 | +175.0% |
| Equity | 10/15 | €33,930 | €357,932 | +€324,002 | +954.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,930 | €355,932 | +€324,002 | +1014.7% |
| Distributable reserves | 133 | €31,930 | €355,932 | +€324,002 | +1014.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €303,004 | €568,772 | +€265,767 | +87.7% |
| Amounts payable after more than one year | 17 | €34,147 | €57,483 | +€23,337 | +68.3% |
| Financial debts | 170/4 | €34,147 | €57,483 | +€23,337 | +68.3% |
| Amounts payable within one year | 42/48 | €268,858 | €511,289 | +€242,431 | +90.2% |
| Current portion of amounts payable after more than one year | 42 | €22,923 | €38,645 | +€15,722 | +68.6% |
| Trade debts | 44 | €75,767 | €38,578 | -€37,189 | -49.1% |
| Suppliers | 440/4 | €75,767 | €38,578 | -€37,189 | -49.1% |
| Advances received on contracts in progress | 46 | €72,045 | €77,716 | +€5,671 | +7.9% |
| Taxes, remuneration and social security | 45 | €8,123 | €116,351 | +€108,228 | +1332.3% |
| Taxes | 450/3 | €8,123 | €116,351 | +€108,228 | +1332.3% |
| Other amounts payable | 47/48 | €90,000 | €240,000 | +€150,000 | +166.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | €16,089 | +€15,311 | +1968.5% |
| Other operating charges | 640/8 | €100 | €2,687 | +€2,587 | +2587.4% |
| Gross operating margin | 9900 | €133,917 | €694,582 | +€560,665 | +418.7% |
| Operating profit (loss) | 9901 | €133,039 | €675,806 | +€542,767 | +408.0% |
| Financial income | 75/76B | €127 | €1,040 | +€913 | +720.3% |
| Recurring financial income | 75 | €127 | €1,040 | +€913 | +720.3% |
| Financial charges | 65/66B | €3,112 | €13,618 | +€10,506 | +337.5% |
| Recurring financial charges | 65 | €3,112 | €13,618 | +€10,506 | +337.5% |
| Profit (loss) for the period before taxes | 9903 | €130,053 | €663,227 | +€533,174 | +410.0% |
| Income taxes | 67/77 | €8,123 | €99,226 | +€91,103 | +1121.5% |
| Profit (loss) for the period | 9904 | €121,930 | €564,002 | +€442,072 | +362.6% |
| Profit (loss) for the period to be appropriated | 9905 | €121,930 | €564,002 | +€442,072 | +362.6% |
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 28 September 2026 via checked.be.