FRS Management Resources: what changed
Two financial 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.
FRS Management Resources
Largest movements
- Cash +€48,940
up €48,940 (+145%), from €33,666 to €82,606
mainly Net result for the year (+€22,674) and Current investments (+€19,634)
- Current investments -€19,634
down €19,634 (-39.9%), from €49,244 to €29,610
- Tangible fixed assets -€5,610
down €5,610 (-32.1%), from €17,489 to €11,879
of which Furniture and vehicles: -€5,610
- Receivables within one year -€2,164
no longer reported in 2025 (was €2,164)
- Reserves +€22,500
up €22,500 (+29.6%), from €76,125 to €98,625
of which Distributable reserves: +€22,500
- Turnover +€53,633
new in 2025: €53,633
- Gross operating margin -€30,815
down €30,815 (-43.9%), from €70,121 to €39,306
- Purchases and services +€16,373
new in 2025: €16,373
- Taxes -€9,108
down €9,108 (-44.2%), from €20,598 to €11,491
- Depreciation -€3,014
down €3,014 (-34.9%), from €8,624 to €5,610
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.
Derived cash bridge
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 | €104,327 | €125,717 | +€21,390 | +20.5% |
| Fixed assets | 21/28 | €18,233 | €12,623 | -€5,610 | -30.8% |
| Tangible fixed assets | 22/27 | €17,489 | €11,879 | -€5,610 | -32.1% |
| Furniture and vehicles | 24 | €17,489 | €11,879 | -€5,610 | -32.1% |
| Other tangible fixed assets | 26 | - | €0 | +€0 | |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €86,094 | €113,094 | +€27,000 | +31.4% |
| Amounts receivable within one year | 40/41 | €2,164 | - | -€2,164 | |
| Trade receivables | 40 | €2,164 | - | -€2,164 | |
| Current investments | 50/53 | €49,244 | €29,610 | -€19,634 | -39.9% |
| Cash at bank and in hand | 54/58 | €33,666 | €82,606 | +€48,940 | +145% |
| Deferred charges and accrued income | 490/1 | €1,019 | €878 | -€141 | -13.9% |
| Total equity and liabilities | 10/49 | €104,327 | €125,717 | +€21,390 | +20.5% |
| Equity | 10/15 | €91,025 | €113,699 | +€22,674 | +24.9% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €76,125 | €98,625 | +€22,500 | +29.6% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €74,250 | €96,750 | +€22,500 | +30.3% |
| Profit (loss) carried forward | 14 | €8,650 | €8,824 | +€174 | +2.0% |
| Amounts payable | 17/49 | €13,302 | €12,018 | -€1,284 | -9.7% |
| Amounts payable within one year | 42/48 | €13,061 | €12,018 | -€1,043 | -8.0% |
| Trade debts | 44 | €180 | €90 | -€90 | -50.0% |
| Suppliers | 440/4 | €180 | €90 | -€90 | -50.0% |
| Taxes, remuneration and social security | 45 | €4,302 | €4,276 | -€25 | -0.6% |
| Taxes | 450/3 | €4,302 | €4,276 | -€25 | -0.6% |
| Other amounts payable | 47/48 | €8,580 | €7,652 | -€928 | -10.8% |
| Accrued charges and deferred income | 492/3 | €241 | - | -€241 | |
| Turnover | 70 | - | €53,633 | +€53,633 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €16,373 | +€16,373 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,624 | €5,610 | -€3,014 | -34.9% |
| Other operating charges | 640/8 | €713 | €676 | -€37 | -5.2% |
| Gross operating margin | 9900 | €70,121 | €39,306 | -€30,815 | -43.9% |
| Operating profit (loss) | 9901 | €60,784 | €33,019 | -€27,765 | -45.7% |
| Financial income | 75/76B | €1,808 | €1,317 | -€491 | -27.2% |
| Recurring financial income | 75 | €273 | €1,317 | +€1,045 | +383% |
| Non-recurring financial income | 76B | €1,536 | - | -€1,536 | |
| Financial charges | 65/66B | €106 | €172 | +€66 | +62.1% |
| Recurring financial charges | 65 | €106 | €172 | +€66 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €62,486 | €34,164 | -€28,322 | -45.3% |
| Income taxes | 67/77 | €20,598 | €11,491 | -€9,108 | -44.2% |
| Profit (loss) for the period | 9904 | €41,888 | €22,674 | -€19,214 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,888 | €22,674 | -€19,214 | -45.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.