FRWR: 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.
FRWR
Largest movements
- Cash +€24,323
up €24,323 (+49.0%), from €49,661 to €73,984
mainly Net result for the year (+€35,036) and Other debts (+€12,082)
- Tangible fixed assets +€22,283
up €22,283 (+361.7%), from €6,162 to €28,445
of which Land and buildings: +€25,650
- Receivables within one year -€2,293
down €2,293 (-92.5%), from €2,479 to €185
of which Other amounts receivable: -€2,226
- Profit (loss) carried forward +€35,036
up €35,036, from -€21,304 to €13,733
- Other debts +€12,082
up €12,082 (+167.7%), from €7,203 to €19,285
- Debts after one year -€2,882
down €2,882 (-34.7%), from €8,306 to €5,424
- Tax, wage and social debts -€2,779
down €2,779 (-12.5%), from €22,255 to €19,475
of which Remuneration and social security: -€3,171
- Trade debts +€1,585
up €1,585 (+61.5%), from €2,579 to €4,164
- Gross operating margin +€56,979
up €56,979 (+84.8%), from €67,227 to €124,207
- Staff costs +€9,944
up €9,944 (+16.0%), from €62,345 to €72,290
- Other operating charges -€6,309
down €6,309 (-45.1%), from €14,001 to €7,693
- Depreciation +€2,964
up €2,964 (+91.1%), from €3,253 to €6,217
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 | €62,424 | €105,784 | +€43,360 | +69.5% |
| Fixed assets | 21/28 | €6,162 | €28,445 | +€22,283 | +361.7% |
| Tangible fixed assets | 22/27 | €6,162 | €28,445 | +€22,283 | +361.7% |
| Land and buildings | 22 | - | €25,650 | +€25,650 | |
| Plant, machinery and equipment | 23 | €347 | €231 | -€117 | -33.6% |
| Furniture and vehicles | 24 | €5,814 | €2,564 | -€3,250 | -55.9% |
| Current assets | 29/58 | €56,262 | €77,339 | +€21,076 | +37.5% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,479 | €185 | -€2,293 | -92.5% |
| Trade receivables | 40 | €67 | - | -€67 | |
| Other amounts receivable | 41 | €2,411 | €185 | -€2,226 | -92.3% |
| Cash at bank and in hand | 54/58 | €49,661 | €73,984 | +€24,323 | +49.0% |
| Deferred charges and accrued income | 490/1 | €2,623 | €1,669 | -€954 | -36.4% |
| Total equity and liabilities | 10/49 | €62,424 | €105,784 | +€43,360 | +69.5% |
| Equity | 10/15 | €19,346 | €54,383 | +€35,036 | +181.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,450 | €34,450 | = | 0.0% |
| Distributable reserves | 133 | €34,450 | €34,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,304 | €13,733 | +€35,036 | |
| Amounts payable | 17/49 | €43,078 | €51,401 | +€8,323 | +19.3% |
| Amounts payable after more than one year | 17 | €8,306 | €5,424 | -€2,882 | -34.7% |
| Financial debts | 170/4 | €8,306 | €5,424 | -€2,882 | -34.7% |
| Amounts payable within one year | 42/48 | €34,771 | €45,807 | +€11,035 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €2,735 | €2,882 | +€148 | +5.4% |
| Trade debts | 44 | €2,579 | €4,164 | +€1,585 | +61.5% |
| Suppliers | 440/4 | €2,579 | €4,164 | +€1,585 | +61.5% |
| Taxes, remuneration and social security | 45 | €22,255 | €19,475 | -€2,779 | -12.5% |
| Taxes | 450/3 | €9,616 | €10,007 | +€392 | +4.1% |
| Remuneration and social security | 454/9 | €12,639 | €9,468 | -€3,171 | -25.1% |
| Other amounts payable | 47/48 | €7,203 | €19,285 | +€12,082 | +167.7% |
| Accrued charges and deferred income | 492/3 | - | €170 | +€170 | |
| Remuneration, social security and pensions | 62 | €62,345 | €72,290 | +€9,944 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,253 | €6,217 | +€2,964 | +91.1% |
| Other operating charges | 640/8 | €14,001 | €7,693 | -€6,309 | -45.1% |
| Gross operating margin | 9900 | €67,227 | €124,207 | +€56,979 | +84.8% |
| Operating profit (loss) | 9901 | -€12,372 | €38,008 | +€50,379 | |
| Financial charges | 65/66B | €2,217 | €2,193 | -€24 | -1.1% |
| Recurring financial charges | 65 | €2,217 | €2,193 | -€24 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,589 | €35,815 | +€50,403 | |
| Income taxes | 67/77 | €1,245 | €778 | -€467 | -37.5% |
| Profit (loss) for the period | 9904 | -€15,834 | €35,036 | +€50,870 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,834 | €35,036 | +€50,870 |
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 12 October 2026 via checked.be.