FRONTIÈRE: what changed
FRONTIÈRE
Largest movements
- Tangible fixed assets +€15,506
up €15,506 (+66.6%), from €23,292 to €38,798
of which Furniture and vehicles: +€12,016
- Receivables within one year -€4,191
down €4,191 (-29.8%), from €14,046 to €9,854
of which Trade receivables: -€3,646
- Cash -€1,073
down €1,073 (-19.9%), from €5,405 to €4,332
mainly Investment in fixed assets (net) (-€24,363) and Debts after one year (-€2,979)
- Deferred charges and accrued income -€1,052
down €1,052 (-48.1%), from €2,185 to €1,133
- Other debts +€16,045
new in 2025: €16,045
- Debts after one year -€2,979
down €2,979 (-100%), from €2,979 to €0
- Trade debts -€2,746
down €2,746 (-63.6%), from €4,319 to €1,573
- Current portion of long-term debt -€1,378
down €1,378 (-31.6%), from €4,357 to €2,979
- Gross operating margin -€6,510
down €6,510 (-36.5%), from €17,841 to €11,331
- Other operating charges -€1,375
down €1,375 (-50.9%), from €2,704 to €1,328
- Taxes -€754
down €754 (-71.8%), from €1,050 to €296
- Financial charges -€332
down €332 (-44.0%), from €755 to €423
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,928 | €54,117 | +€9,189 | +20.5% |
| Fixed assets | 21/28 | €23,292 | €38,798 | +€15,506 | +66.6% |
| Tangible fixed assets | 22/27 | €23,292 | €38,798 | +€15,506 | +66.6% |
| Plant, machinery and equipment | 23 | €1,098 | €4,587 | +€3,489 | +318% |
| Furniture and vehicles | 24 | €22,194 | €34,211 | +€12,016 | +54.1% |
| Current assets | 29/58 | €21,636 | €15,319 | -€6,316 | -29.2% |
| Amounts receivable within one year | 40/41 | €14,046 | €9,854 | -€4,191 | -29.8% |
| Trade receivables | 40 | €10,965 | €7,319 | -€3,646 | -33.2% |
| Other amounts receivable | 41 | €3,081 | €2,535 | -€546 | -17.7% |
| Cash at bank and in hand | 54/58 | €5,405 | €4,332 | -€1,073 | -19.9% |
| Deferred charges and accrued income | 490/1 | €2,185 | €1,133 | -€1,052 | -48.1% |
| Total equity and liabilities | 10/49 | €44,928 | €54,117 | +€9,189 | +20.5% |
| Equity | 10/15 | €28,902 | €29,328 | +€427 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €22,702 | €23,128 | +€427 | +1.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €22,702 | €23,128 | +€427 | +1.9% |
| Amounts payable | 17/49 | €16,027 | €24,789 | +€8,763 | +54.7% |
| Amounts payable after more than one year | 17 | €2,979 | €0 | -€2,979 | -100% |
| Financial debts | 170/4 | €2,979 | €0 | -€2,979 | -100% |
| Amounts payable within one year | 42/48 | €12,858 | €24,262 | +€11,403 | +88.7% |
| Current portion of amounts payable after more than one year | 42 | €4,357 | €2,979 | -€1,378 | -31.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,319 | €1,573 | -€2,746 | -63.6% |
| Suppliers | 440/4 | €4,319 | €1,573 | -€2,746 | -63.6% |
| Taxes, remuneration and social security | 45 | €4,182 | €3,664 | -€518 | -12.4% |
| Taxes | 450/3 | €4,182 | €3,664 | -€518 | -12.4% |
| Other amounts payable | 47/48 | - | €16,045 | +€16,045 | |
| Accrued charges and deferred income | 492/3 | €189 | €528 | +€338 | +179% |
| Non-recurring operating income | 76A | €2,348 | €6,336 | +€3,988 | +170% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,934 | €8,857 | -€77 | -0.9% |
| Other operating charges | 640/8 | €2,704 | €1,328 | -€1,375 | -50.9% |
| Gross operating margin | 9900 | €17,841 | €11,331 | -€6,510 | -36.5% |
| Operating profit (loss) | 9901 | €6,203 | €1,145 | -€5,057 | -81.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +33.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +33.3% |
| Financial charges | 65/66B | €755 | €423 | -€332 | -44.0% |
| Recurring financial charges | 65 | €755 | €423 | -€332 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €5,448 | €723 | -€4,726 | -86.7% |
| Income taxes | 67/77 | €1,050 | €296 | -€754 | -71.8% |
| Profit (loss) for the period | 9904 | €4,398 | €427 | -€3,971 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,398 | €427 | -€3,971 | -90.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.