Frou-Frou: what changed
Frou-Frou
Largest movements
- Intangible fixed assets -€227,700
down €227,700 (-65.7%), from €346,500 to €118,800
- Tangible fixed assets -€188,054
down €188,054 (-10.1%), from €1.9m to €1.7m
- Receivables within one year -€85,240
down €85,240 (-54.7%), from €155,768 to €70,527
of which Other amounts receivable: -€82,308
- Cash +€76,344
up €76,344 (+214%), from €35,597 to €111,941
mainly Investment in fixed assets (net) (+€241,770) and Depreciation (+€105,907)
- Financial fixed assets +€68,077
up €68,077 (+4.9%), from €1.4m to €1.5m
- Debts after one year -€299,019
down €299,019 (-100%), from €299,019 to €0
- Provisions -€71,821
down €71,821 (-78.2%), from €91,863 to €20,042
- Reserves +€57,316
up €57,316 (+17.4%), from €329,290 to €386,606
of which Distributable reserves: +€272,778
- Other debts -€46,175
down €46,175 (-3.2%), from €1.4m to €1.4m
- Current portion of long-term debt -€43,285
down €43,285 (-45.4%), from €95,268 to €51,983
- Financial income -€121,131
down €121,131 (-43.9%), from €276,236 to €155,104
of which Financial income: -€189,208
- Depreciation -€40,251
down €40,251 (-27.5%), from €146,159 to €105,907
- Financial charges -€27,892
down €27,892 (-49.5%), from €56,320 to €28,428
- Other operating charges +€9,789
up €9,789 (+46.7%), from €20,984 to €30,773
- Gross operating margin -€7,324
down €7,324 (-4.9%), from €150,534 to €143,210
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,802,289 | €3,447,521 | -€354,768 | -9.3% |
| Fixed assets | 21/28 | €3,602,615 | €3,254,938 | -€347,677 | -9.7% |
| Intangible fixed assets | 21 | €346,500 | €118,800 | -€227,700 | -65.7% |
| Tangible fixed assets | 22/27 | €1,853,722 | €1,665,667 | -€188,054 | -10.1% |
| Land and buildings | 22 | €1,853,722 | €1,665,667 | -€188,054 | -10.1% |
| Financial fixed assets | 28 | €1,402,393 | €1,470,470 | +€68,077 | +4.9% |
| Current assets | 29/58 | €199,675 | €192,584 | -€7,091 | -3.6% |
| Amounts receivable within one year | 40/41 | €155,768 | €70,527 | -€85,240 | -54.7% |
| Trade receivables | 40 | €4,216 | €1,284 | -€2,932 | -69.5% |
| Other amounts receivable | 41 | €151,552 | €69,244 | -€82,308 | -54.3% |
| Cash at bank and in hand | 54/58 | €35,597 | €111,941 | +€76,344 | +214% |
| Deferred charges and accrued income | 490/1 | €8,310 | €10,116 | +€1,806 | +21.7% |
| Total equity and liabilities | 10/49 | €3,802,289 | €3,447,521 | -€354,768 | -9.3% |
| Equity | 10/15 | €1,868,899 | €1,926,215 | +€57,316 | +3.1% |
| Contributions | 10/11 | €182,202 | €182,202 | = | 0.0% |
| Capital | 10 | €182,202 | €182,202 | = | 0.0% |
| Issued capital | 100 | €182,202 | €182,202 | = | 0.0% |
| Reserves | 13 | €329,290 | €386,606 | +€57,316 | +17.4% |
| Non-distributable reserves | 130/1 | €18,221 | €18,221 | = | 0.0% |
| Legal reserve | 130 | €18,221 | €18,221 | = | 0.0% |
| Tax-exempt reserves | 132 | €275,589 | €60,127 | -€215,462 | -78.2% |
| Distributable reserves | 133 | €35,479 | €308,258 | +€272,778 | +769% |
| Profit (loss) carried forward | 14 | €1,357,408 | €1,357,408 | = | 0.0% |
| Provisions and deferred taxes | 16 | €91,863 | €20,042 | -€71,821 | -78.2% |
| Deferred taxes | 168 | €91,863 | €20,042 | -€71,821 | -78.2% |
| Amounts payable | 17/49 | €1,841,527 | €1,501,264 | -€340,263 | -18.5% |
| Amounts payable after more than one year | 17 | €299,019 | €0 | -€299,019 | -100% |
| Financial debts | 170/4 | €299,019 | €0 | -€299,019 | -100% |
| Amounts payable within one year | 42/48 | €1,542,508 | €1,501,264 | -€41,244 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €95,268 | €51,983 | -€43,285 | -45.4% |
| Trade debts | 44 | €1,581 | €9,885 | +€8,304 | +525% |
| Suppliers | 440/4 | €1,581 | €9,885 | +€8,304 | +525% |
| Taxes, remuneration and social security | 45 | €13,034 | €52,946 | +€39,912 | +306% |
| Taxes | 450/3 | €13,034 | €52,946 | +€39,912 | +306% |
| Other amounts payable | 47/48 | €1,432,625 | €1,386,450 | -€46,175 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,159 | €105,907 | -€40,251 | -27.5% |
| Other operating charges | 640/8 | €20,984 | €30,773 | +€9,789 | +46.7% |
| Non-recurring operating charges | 66A | - | €101,362 | +€101,362 | |
| Gross operating margin | 9900 | €150,534 | €143,210 | -€7,324 | -4.9% |
| Operating profit (loss) | 9901 | -€16,609 | -€94,833 | -€78,224 | -471% |
| Financial income | 75/76B | €276,236 | €155,104 | -€121,131 | -43.9% |
| Recurring financial income | 75 | €276,236 | €87,027 | -€189,208 | -68.5% |
| Non-recurring financial income | 76B | - | €68,077 | +€68,077 | |
| Financial charges | 65/66B | €56,320 | €28,428 | -€27,892 | -49.5% |
| Recurring financial charges | 65 | €56,320 | €28,428 | -€27,892 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €203,307 | €31,844 | -€171,462 | -84.3% |
| Transfer from deferred taxes | 780 | €2,421 | €71,821 | +€69,400 | +2,867% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €43,008 | €46,349 | +€3,341 | +7.8% |
| Profit (loss) for the period | 9904 | €162,720 | €57,316 | -€105,404 | -64.8% |
| Transfer from tax-exempt reserves | 789 | €7,262 | €215,462 | +€208,200 | +2,867% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €169,982 | €272,778 | +€102,797 | +60.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.