FROY & DIND: 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.
FROY & DIND
Largest movements
- Receivables within one year -€85,513
down €85,513 (-12.7%), from €670,924 to €585,411
of which Trade receivables: -€85,513
- Tangible fixed assets -€44,273
down €44,273 (-3.8%), from €1.2m to €1.1m
of which Land and buildings: -€41,956
- Current investments -€23,717
down €23,717 (-100.0%), from €23,717 to €0
- Debts after one year -€146,074
down €146,074 (-24.5%), from €596,473 to €450,399
of which Financial debts: -€137,907
- Depreciation -€82,365
down €82,365 (-69.8%), from €118,052 to €35,688
- Gross operating margin -€72,496
down €72,496 (-34.5%), from €210,066 to €137,570
- Other operating charges +€22,954
up €22,954 (+163.9%), from €14,002 to €36,956
- Financial charges -€18,518
down €18,518 (-25.0%), from €74,122 to €55,604
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 | €1,847,790 | €1,694,386 | -€153,404 | -8.3% |
| Fixed assets | 21/28 | €1,151,706 | €1,107,433 | -€44,273 | -3.8% |
| Tangible fixed assets | 22/27 | €1,151,706 | €1,107,433 | -€44,273 | -3.8% |
| Land and buildings | 22 | €1,149,389 | €1,107,433 | -€41,956 | -3.7% |
| Furniture and vehicles | 24 | €2,317 | €0 | -€2,317 | -100.0% |
| Current assets | 29/58 | €696,084 | €586,953 | -€109,131 | -15.7% |
| Amounts receivable within one year | 40/41 | €670,924 | €585,411 | -€85,513 | -12.7% |
| Trade receivables | 40 | €171,968 | €86,455 | -€85,513 | -49.7% |
| Other amounts receivable | 41 | €498,956 | €498,956 | +€0 | 0.0% |
| Current investments | 50/53 | €23,717 | €0 | -€23,717 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,443 | €1,542 | +€99 | +6.8% |
| Total equity and liabilities | 10/49 | €1,847,790 | €1,694,386 | -€153,404 | -8.3% |
| Equity | 10/15 | €429,310 | €436,083 | +€6,773 | +1.6% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €422,577 | €425,083 | +€2,506 | +0.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €420,717 | €425,083 | +€4,366 | +1.0% |
| Profit (loss) carried forward | 14 | -€4,267 | €0 | +€4,267 | |
| Amounts payable | 17/49 | €1,418,480 | €1,258,303 | -€160,177 | -11.3% |
| Amounts payable after more than one year | 17 | €596,473 | €450,399 | -€146,074 | -24.5% |
| Financial debts | 170/4 | €588,306 | €450,399 | -€137,907 | -23.4% |
| Other amounts payable | 178/9 | €8,167 | €0 | -€8,167 | -100.0% |
| Amounts payable within one year | 42/48 | €822,007 | €807,904 | -€14,103 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €157,807 | €148,167 | -€9,640 | -6.1% |
| Financial debts | 43 | €610,000 | €610,000 | = | 0.0% |
| Credit institutions | 430/8 | €610,000 | €610,000 | = | 0.0% |
| Trade debts | 44 | €12,233 | €0 | -€12,233 | -100.0% |
| Suppliers | 440/4 | €12,233 | €0 | -€12,233 | -100.0% |
| Taxes, remuneration and social security | 45 | €10,999 | €7,482 | -€3,517 | -32.0% |
| Taxes | 450/3 | €5,809 | €5,482 | -€327 | -5.6% |
| Remuneration and social security | 454/9 | €5,190 | €2,000 | -€3,190 | -61.5% |
| Other amounts payable | 47/48 | €30,968 | €42,255 | +€11,287 | +36.4% |
| Non-recurring operating income | 76A | - | €2,768 | +€2,768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,052 | €35,688 | -€82,365 | -69.8% |
| Other operating charges | 640/8 | €14,002 | €36,956 | +€22,954 | +163.9% |
| Gross operating margin | 9900 | €210,066 | €137,570 | -€72,496 | -34.5% |
| Operating profit (loss) | 9901 | €78,012 | €64,927 | -€13,085 | -16.8% |
| Financial income | 75/76B | €40 | €418 | +€378 | +945.5% |
| Recurring financial income | 75 | €40 | €418 | +€378 | +945.5% |
| Non-recurring financial income | 76B | €40 | - | -€40 | |
| Financial charges | 65/66B | €74,122 | €55,604 | -€18,518 | -25.0% |
| Recurring financial charges | 65 | €74,122 | €55,604 | -€18,518 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €3,930 | €9,741 | +€5,811 | +147.9% |
| Income taxes | 67/77 | €1,713 | €2,968 | +€1,255 | +73.2% |
| Profit (loss) for the period | 9904 | €2,217 | €6,773 | +€4,556 | +205.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,217 | €6,773 | +€4,556 | +205.5% |
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 1 October 2026 via checked.be.