FRUY-VERDUYN: 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.
FRUY-VERDUYN
Largest movements
- Current investments +€99,290
up €99,290 (+15.2%), from €654,670 to €753,960
- Deferred charges and accrued income -€87,311
down €87,311 (-77.4%), from €112,819 to €25,508
- Cash -€34,587
down €34,587 (-51.0%), from €67,882 to €33,295
mainly Current investments (-€99,290) and Tax, wage and social debts (-€53,924)
- Reserves +€58,156
up €58,156 (+7.8%), from €748,244 to €806,400
of which Distributable reserves: +€58,156
- Tax, wage and social debts -€53,924
down €53,924 (-81.9%), from €65,873 to €11,948
of which Taxes: -€53,924
- Other debts -€16,501
down €16,501 (-67.1%), from €24,607 to €8,106
- Trade debts -€14,281
down €14,281 (-81.8%), from €17,466 to €3,185
- Short-term financial debts -€9,797
down €9,797 (-100%), from €9,797 to €0
- Gross operating margin -€390,301
down €390,301 (-81.9%), from €476,825 to €86,524
- Taxes -€119,485
down €119,485 (-81.5%), from €146,519 to €27,034
- Financial income +€13,118
up €13,118 (+129%), from €10,148 to €23,265
- Financial charges +€12,766
up €12,766 (+468%), from €2,730 to €15,496
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 | €916,904 | €879,639 | -€37,266 | -4.1% |
| Fixed assets | 21/28 | €18,568 | €12,178 | -€6,390 | -34.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €17,818 | €11,428 | -€6,390 | -35.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €17,818 | €11,428 | -€6,390 | -35.9% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €898,337 | €867,461 | -€30,876 | -3.4% |
| Amounts receivable within one year | 40/41 | €62,966 | €54,699 | -€8,267 | -13.1% |
| Trade receivables | 40 | €48,774 | €28,699 | -€20,075 | -41.2% |
| Other amounts receivable | 41 | €14,192 | €26,000 | +€11,808 | +83.2% |
| Current investments | 50/53 | €654,670 | €753,960 | +€99,290 | +15.2% |
| Cash at bank and in hand | 54/58 | €67,882 | €33,295 | -€34,587 | -51.0% |
| Deferred charges and accrued income | 490/1 | €112,819 | €25,508 | -€87,311 | -77.4% |
| Total equity and liabilities | 10/49 | €916,904 | €879,639 | -€37,266 | -4.1% |
| Equity | 10/15 | €798,244 | €856,400 | +€58,156 | +7.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €748,244 | €806,400 | +€58,156 | +7.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €748,244 | €806,400 | +€58,156 | +7.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €118,661 | €23,239 | -€95,422 | -80.4% |
| Amounts payable within one year | 42/48 | €117,743 | €23,239 | -€94,504 | -80.3% |
| Financial debts | 43 | €9,797 | €0 | -€9,797 | -100% |
| Credit institutions | 430/8 | €9,797 | €0 | -€9,797 | -100% |
| Trade debts | 44 | €17,466 | €3,185 | -€14,281 | -81.8% |
| Suppliers | 440/4 | €17,466 | €3,185 | -€14,281 | -81.8% |
| Taxes, remuneration and social security | 45 | €65,873 | €11,948 | -€53,924 | -81.9% |
| Taxes | 450/3 | €65,873 | €11,948 | -€53,924 | -81.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,607 | €8,106 | -€16,501 | -67.1% |
| Accrued charges and deferred income | 492/3 | €918 | €0 | -€918 | -100% |
| Non-recurring operating income | 76A | €220,720 | €0 | -€220,720 | -100% |
| Remuneration, social security and pensions | 62 | €530 | €0 | -€530 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,390 | €6,390 | = | 0.0% |
| Other operating charges | 640/8 | €5,564 | €1,636 | -€3,929 | -70.6% |
| Non-recurring operating charges | 66A | €0 | €1,078 | +€1,078 | |
| Gross operating margin | 9900 | €476,825 | €86,524 | -€390,301 | -81.9% |
| Operating profit (loss) | 9901 | €464,341 | €77,421 | -€386,920 | -83.3% |
| Financial income | 75/76B | €10,148 | €23,265 | +€13,118 | +129% |
| Recurring financial income | 75 | €10,148 | €23,265 | +€13,118 | +129% |
| Financial charges | 65/66B | €2,730 | €15,496 | +€12,766 | +468% |
| Recurring financial charges | 65 | €2,730 | €15,496 | +€12,766 | +468% |
| Profit (loss) for the period before taxes | 9903 | €471,759 | €85,190 | -€386,569 | -81.9% |
| Income taxes | 67/77 | €146,519 | €27,034 | -€119,485 | -81.5% |
| Profit (loss) for the period | 9904 | €325,240 | €58,156 | -€267,084 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €325,240 | €58,156 | -€267,084 | -82.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.