FRUYSSCHAERT: 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.
FRUYSSCHAERT
Largest movements
- Receivables within one year -€65,408
down €65,408 (-39.1%), from €167,450 to €102,042
- Deferred charges and accrued income -€8,811
down €8,811 (-33.4%), from €26,360 to €17,549
- Cash -€7,572
down €7,572 (-24.5%), from €30,871 to €23,299
mainly Contributions, distributions and other (-€162,500) and Tax, wage and social debts (-€30,099)
- Reserves -€54,996
down €54,996 (-33.4%), from €164,733 to €109,737
of which Distributable reserves: -€54,996
- Tax, wage and social debts -€30,099
down €30,099 (-83.8%), from €35,934 to €5,835
- Financial income -€2,761
down €2,761 (-18.9%), from €14,600 to €11,839
- Gross operating margin -€1,989
down €1,989 (-1.5%), from €131,009 to €129,021
- Taxes -€1,347
down €1,347 (-4.2%), from €31,835 to €30,488
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 | €226,704 | €144,480 | -€82,224 | -36.3% |
| Fixed assets | 21/28 | €2,023 | €1,590 | -€433 | -21.4% |
| Tangible fixed assets | 22/27 | €2,023 | €1,590 | -€433 | -21.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,023 | €1,590 | -€433 | -21.4% |
| Current assets | 29/58 | €224,681 | €142,890 | -€81,791 | -36.4% |
| Amounts receivable within one year | 40/41 | €167,450 | €102,042 | -€65,408 | -39.1% |
| Other amounts receivable | 41 | €167,450 | €102,042 | -€65,408 | -39.1% |
| Cash at bank and in hand | 54/58 | €30,871 | €23,299 | -€7,572 | -24.5% |
| Deferred charges and accrued income | 490/1 | €26,360 | €17,549 | -€8,811 | -33.4% |
| Total equity and liabilities | 10/49 | €226,704 | €144,480 | -€82,224 | -36.3% |
| Equity | 10/15 | €183,333 | €128,337 | -€54,996 | -30.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €164,733 | €109,737 | -€54,996 | -33.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €162,873 | €107,877 | -€54,996 | -33.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,371 | €16,144 | -€27,228 | -62.8% |
| Amounts payable within one year | 42/48 | €43,371 | €15,628 | -€27,743 | -64.0% |
| Financial debts | 43 | €7,438 | €8,750 | +€1,312 | +17.6% |
| Credit institutions | 430/8 | €7,438 | €8,750 | +€1,312 | +17.6% |
| Trade debts | 44 | €0 | €1,044 | +€1,044 | |
| Suppliers | 440/4 | €0 | €1,044 | +€1,044 | |
| Taxes, remuneration and social security | 45 | €35,934 | €5,835 | -€30,099 | -83.8% |
| Taxes | 450/3 | €35,934 | €5,835 | -€30,099 | -83.8% |
| Accrued charges and deferred income | 492/3 | - | €515 | +€515 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €802 | €433 | -€369 | -46.1% |
| Other operating charges | 640/8 | €1,493 | €1,783 | +€291 | +19.5% |
| Gross operating margin | 9900 | €131,009 | €129,021 | -€1,989 | -1.5% |
| Operating profit (loss) | 9901 | €128,715 | €126,805 | -€1,910 | -1.5% |
| Financial income | 75/76B | €14,600 | €11,839 | -€2,761 | -18.9% |
| Recurring financial income | 75 | €14,600 | €11,839 | -€2,761 | -18.9% |
| Financial charges | 65/66B | €697 | €652 | -€45 | -6.5% |
| Recurring financial charges | 65 | €697 | €652 | -€45 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €142,617 | €137,992 | -€4,625 | -3.2% |
| Income taxes | 67/77 | €31,835 | €30,488 | -€1,347 | -4.2% |
| Profit (loss) for the period | 9904 | €110,783 | €107,504 | -€3,279 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €110,783 | €107,504 | -€3,279 | -3.0% |
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 5 October 2026 via checked.be.