Frowin: 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.
Frowin
Largest movements
- Cash +€48,720
up €48,720 (+936.1%), from €5,204 to €53,924
mainly Net result for the year (+€37,261) and Other debts (+€28,235)
- Tangible fixed assets -€16,261
down €16,261 (-31.7%), from €51,373 to €35,112
- Receivables within one year -€13,688
down €13,688 (-48.8%), from €28,056 to €14,368
of which Trade receivables: -€13,733
- Debts after one year -€45,200
no longer reported in 2025 (was €45,200)
- Profit (loss) carried forward +€33,001
new in 2025: €33,001
- Other debts +€28,235
up €28,235 (+104.3%), from €27,067 to €55,303
- Tax, wage and social debts +€2,026
up €2,026 (+33.0%), from €6,146 to €8,172
- Gross operating margin +€25,500
up €25,500 (+57.1%), from €44,636 to €70,136
- Taxes +€6,860
up €6,860 (+92.9%), from €7,382 to €14,242
- Depreciation +€5,226
up €5,226 (+39.5%), from €13,234 to €18,460
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 | €85,761 | €104,712 | +€18,951 | +22.1% |
| Fixed assets | 21/28 | €51,373 | €35,112 | -€16,261 | -31.7% |
| Tangible fixed assets | 22/27 | €51,373 | €35,112 | -€16,261 | -31.7% |
| Furniture and vehicles | 24 | €51,373 | €35,112 | -€16,261 | -31.7% |
| Current assets | 29/58 | €34,388 | €69,600 | +€35,212 | +102.4% |
| Amounts receivable within one year | 40/41 | €28,056 | €14,368 | -€13,688 | -48.8% |
| Trade receivables | 40 | €26,567 | €12,834 | -€13,733 | -51.7% |
| Other amounts receivable | 41 | €1,488 | €1,534 | +€46 | +3.1% |
| Cash at bank and in hand | 54/58 | €5,204 | €53,924 | +€48,720 | +936.1% |
| Deferred charges and accrued income | 490/1 | €1,128 | €1,308 | +€181 | +16.0% |
| Total equity and liabilities | 10/49 | €85,761 | €104,712 | +€18,951 | +22.1% |
| Equity | 10/15 | €7,000 | €40,001 | +€33,001 | +471.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €33,001 | +€33,001 | |
| Amounts payable | 17/49 | €78,761 | €64,711 | -€14,050 | -17.8% |
| Amounts payable after more than one year | 17 | €45,200 | - | -€45,200 | |
| Financial debts | 170/4 | €45,200 | - | -€45,200 | |
| Amounts payable within one year | 42/48 | €33,561 | €64,711 | +€31,150 | +92.8% |
| Trade debts | 44 | €347 | €1,236 | +€889 | +255.7% |
| Suppliers | 440/4 | €347 | €1,236 | +€889 | +255.7% |
| Taxes, remuneration and social security | 45 | €6,146 | €8,172 | +€2,026 | +33.0% |
| Taxes | 450/3 | €6,146 | €8,172 | +€2,026 | +33.0% |
| Other amounts payable | 47/48 | €27,067 | €55,303 | +€28,235 | +104.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,234 | €18,460 | +€5,226 | +39.5% |
| Other operating charges | 640/8 | €243 | - | -€243 | |
| Gross operating margin | 9900 | €44,636 | €70,136 | +€25,500 | +57.1% |
| Operating profit (loss) | 9901 | €31,159 | €51,676 | +€20,518 | +65.8% |
| Financial income | 75/76B | €1 | €2 | +€1 | +83.1% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +83.1% |
| Financial charges | 65/66B | €154 | €175 | +€21 | +13.9% |
| Recurring financial charges | 65 | €154 | €175 | +€21 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €31,006 | €51,503 | +€20,497 | +66.1% |
| Income taxes | 67/77 | €7,382 | €14,242 | +€6,860 | +92.9% |
| Profit (loss) for the period | 9904 | €23,625 | €37,261 | +€13,637 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,625 | €37,261 | +€13,637 | +57.7% |
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 6 October 2026 via checked.be.