FRONTX: 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.
FRONTX
Largest movements
- Current investments +€40,000
new in 2024: €40,000
- Cash -€27,337
down €27,337 (-96.0%), from €28,476 to €1,139
mainly Current investments (-€40,000) and Other debts (-€10,508)
- Receivables within one year -€7,603
down €7,603 (-56.0%), from €13,572 to €5,968
of which Trade receivables: -€13,572
- Formation expenses -€1,978
no longer reported in 2024 (was €1,978)
- Deferred charges and accrued income -€492
no longer reported in 2024 (was €492)
- Profit (loss) carried forward +€10,735
up €10,735 (+58.1%), from €18,464 to €29,198
- Other debts -€10,508
no longer reported in 2024 (was €10,508)
- Tax, wage and social debts +€1,325
up €1,325 (+10.6%), from €12,454 to €13,779
- Trade debts +€1,037
up €1,037 (+1118.9%), from €93 to €1,130
- Gross operating margin -€7,668
down €7,668 (-32.2%), from €23,842 to €16,174
- Taxes -€1,818
down €1,818 (-39.1%), from €4,651 to €2,833
- Depreciation +€1,649
up €1,649 (+500.2%), from €330 to €1,978
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €44,518 | €47,107 | +€2,589 | +5.8% |
| Formation expenses | 20 | €1,978 | - | -€1,978 | |
| Current assets | 29/58 | €42,540 | €47,107 | +€4,567 | +10.7% |
| Amounts receivable within one year | 40/41 | €13,572 | €5,968 | -€7,603 | -56.0% |
| Trade receivables | 40 | €13,572 | - | -€13,572 | |
| Other amounts receivable | 41 | - | €5,968 | +€5,968 | |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €28,476 | €1,139 | -€27,337 | -96.0% |
| Deferred charges and accrued income | 490/1 | €492 | - | -€492 | |
| Total equity and liabilities | 10/49 | €44,518 | €47,107 | +€2,589 | +5.8% |
| Equity | 10/15 | €21,464 | €32,198 | +€10,735 | +50.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,464 | €29,198 | +€10,735 | +58.1% |
| Amounts payable | 17/49 | €23,055 | €14,909 | -€8,146 | -35.3% |
| Amounts payable within one year | 42/48 | €23,055 | €14,909 | -€8,146 | -35.3% |
| Trade debts | 44 | €93 | €1,130 | +€1,037 | +1118.9% |
| Suppliers | 440/4 | €93 | €1,130 | +€1,037 | +1118.9% |
| Taxes, remuneration and social security | 45 | €12,454 | €13,779 | +€1,325 | +10.6% |
| Taxes | 450/3 | €12,454 | €13,779 | +€1,325 | +10.6% |
| Other amounts payable | 47/48 | €10,508 | - | -€10,508 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330 | €1,978 | +€1,649 | +500.2% |
| Other operating charges | 640/8 | €384 | €449 | +€65 | +16.9% |
| Gross operating margin | 9900 | €23,842 | €16,174 | -€7,668 | -32.2% |
| Operating profit (loss) | 9901 | €23,128 | €13,746 | -€9,382 | -40.6% |
| Financial charges | 65/66B | €14 | €179 | +€165 | +1176.6% |
| Recurring financial charges | 65 | €14 | €179 | +€165 | +1176.6% |
| Profit (loss) for the period before taxes | 9903 | €23,114 | €13,567 | -€9,547 | -41.3% |
| Income taxes | 67/77 | €4,651 | €2,833 | -€1,818 | -39.1% |
| Profit (loss) for the period | 9904 | €18,464 | €10,735 | -€7,729 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,464 | €10,735 | -€7,729 | -41.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.