FUN-FRIT: 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.
FUN-FRIT
Largest movements
- Tangible fixed assets +€614,574
up €614,574 (+113%), from €542,789 to €1.2m
of which Other tangible fixed assets: +€624,884
- Cash -€134,276
down €134,276 (-43.9%), from €305,771 to €171,495
mainly Investment in fixed assets (net) (-€628,761) and Contributions, distributions and other (-€53,100)
- Receivables within one year -€34,893
down €34,893 (-83.9%), from €41,597 to €6,703
of which Other amounts receivable: -€25,819
- Debts after one year +€402,830
up €402,830 (+106%), from €380,714 to €783,545
- Tax, wage and social debts +€41,281
up €41,281 (+246%), from €16,781 to €58,062
of which Taxes: +€39,481
- Reserves +€36,458
up €36,458 (+8.9%), from €411,765 to €448,223
of which Distributable reserves: +€36,458
- Trade debts -€32,217
down €32,217 (-32.7%), from €98,569 to €66,352
- Gross operating margin +€27,234
up €27,234 (+13.3%), from €204,215 to €231,449
- Financial charges +€21,090
up €21,090 (+274%), from €7,711 to €28,801
- Staff costs +€8,332
up €8,332 (+16.1%), from €51,748 to €60,080
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 | €940,701 | €1,392,103 | +€451,402 | +48.0% |
| Fixed assets | 21/28 | €547,939 | €1,162,513 | +€614,574 | +112% |
| Tangible fixed assets | 22/27 | €542,789 | €1,157,363 | +€614,574 | +113% |
| Land and buildings | 22 | €513,597 | €509,503 | -€4,094 | -0.8% |
| Plant, machinery and equipment | 23 | €3,519 | €2,173 | -€1,346 | -38.2% |
| Furniture and vehicles | 24 | €10,406 | €5,536 | -€4,870 | -46.8% |
| Other tangible fixed assets | 26 | €15,267 | €640,151 | +€624,884 | +4,093% |
| Financial fixed assets | 28 | €5,150 | €5,150 | = | 0.0% |
| Current assets | 29/58 | €392,762 | €229,590 | -€163,172 | -41.5% |
| Amounts receivable after more than one year | 29 | €12,000 | €12,000 | = | 0.0% |
| Other amounts receivable | 291 | €12,000 | €12,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €16,093 | €20,542 | +€4,449 | +27.6% |
| Stocks | 30/36 | €16,093 | €20,542 | +€4,449 | +27.6% |
| Amounts receivable within one year | 40/41 | €41,597 | €6,703 | -€34,893 | -83.9% |
| Trade receivables | 40 | €15,778 | €6,703 | -€9,074 | -57.5% |
| Other amounts receivable | 41 | €25,819 | - | -€25,819 | |
| Current investments | 50/53 | €10,400 | €10,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €305,771 | €171,495 | -€134,276 | -43.9% |
| Deferred charges and accrued income | 490/1 | €6,900 | €8,449 | +€1,548 | +22.4% |
| Total equity and liabilities | 10/49 | €940,701 | €1,392,103 | +€451,402 | +48.0% |
| Equity | 10/15 | €430,365 | €466,323 | +€35,958 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,100 | -€500 | -2.7% |
| Reserves | 13 | €411,765 | €448,223 | +€36,458 | +8.9% |
| 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 | €409,905 | €446,363 | +€36,458 | +8.9% |
| Amounts payable | 17/49 | €510,336 | €925,780 | +€415,444 | +81.4% |
| Amounts payable after more than one year | 17 | €380,714 | €783,545 | +€402,830 | +106% |
| Financial debts | 170/4 | €380,714 | €783,545 | +€402,830 | +106% |
| Amounts payable within one year | 42/48 | €129,622 | €142,235 | +€12,614 | +9.7% |
| Current portion of amounts payable after more than one year | 42 | €13,472 | €14,063 | +€591 | +4.4% |
| Trade debts | 44 | €98,569 | €66,352 | -€32,217 | -32.7% |
| Suppliers | 440/4 | €98,569 | €66,352 | -€32,217 | -32.7% |
| Taxes, remuneration and social security | 45 | €16,781 | €58,062 | +€41,281 | +246% |
| Taxes | 450/3 | €12,629 | €52,110 | +€39,481 | +313% |
| Remuneration and social security | 454/9 | €4,152 | €5,952 | +€1,801 | +43.4% |
| Other amounts payable | 47/48 | €800 | €3,759 | +€2,959 | +370% |
| Remuneration, social security and pensions | 62 | €51,748 | €60,080 | +€8,332 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,754 | €14,187 | -€1,568 | -10.0% |
| Other operating charges | 640/8 | €1,852 | €2,231 | +€379 | +20.5% |
| Gross operating margin | 9900 | €204,215 | €231,449 | +€27,234 | +13.3% |
| Operating profit (loss) | 9901 | €134,861 | €154,951 | +€20,091 | +14.9% |
| Financial charges | 65/66B | €7,711 | €28,801 | +€21,090 | +274% |
| Recurring financial charges | 65 | €7,711 | €28,801 | +€21,090 | +274% |
| Profit (loss) for the period before taxes | 9903 | €127,150 | €126,151 | -€999 | -0.8% |
| Income taxes | 67/77 | €37,629 | €37,092 | -€537 | -1.4% |
| Profit (loss) for the period | 9904 | €89,521 | €89,058 | -€463 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,521 | €89,058 | -€463 | -0.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.