LA FRONTALIERE: 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.
LA FRONTALIERE
Largest movements
- Tangible fixed assets -€23,099
down €23,099 (-7.0%), from €331,919 to €308,819
- Cash +€6,690
up €6,690 (+29.7%), from €22,498 to €29,188
mainly Net result for the year (+€24,521) and Depreciation (+€23,099)
- Current portion of long-term debt -€28,598
no longer reported in 2025 (was €28,598)
- Profit (loss) carried forward +€12,521
up €12,521 (+6.7%), from €187,561 to €200,082
- Gross operating margin -€31,012
down €31,012 (-33.5%), from €92,617 to €61,605
- Taxes -€8,884
down €8,884 (-52.7%), from €16,874 to €7,990
- Financial charges -€1,211
down €1,211 (-71.5%), from €1,692 to €482
- Depreciation +€963
up €963 (+4.4%), from €22,136 to €23,099
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 | €354,707 | €338,304 | -€16,403 | -4.6% |
| Fixed assets | 21/28 | €332,169 | €309,069 | -€23,099 | -7.0% |
| Tangible fixed assets | 22/27 | €331,919 | €308,819 | -€23,099 | -7.0% |
| Land and buildings | 22 | €331,919 | €308,819 | -€23,099 | -7.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €22,538 | €29,234 | +€6,696 | +29.7% |
| Cash at bank and in hand | 54/58 | €22,498 | €29,188 | +€6,690 | +29.7% |
| Deferred charges and accrued income | 490/1 | €40 | €46 | +€6 | +13.8% |
| Total equity and liabilities | 10/49 | €354,707 | €338,304 | -€16,403 | -4.6% |
| Equity | 10/15 | €245,621 | €258,142 | +€12,521 | +5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Distributable reserves | 133 | €51,860 | €51,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,561 | €200,082 | +€12,521 | +6.7% |
| Amounts payable | 17/49 | €109,086 | €80,162 | -€28,924 | -26.5% |
| Amounts payable within one year | 42/48 | €109,086 | €80,162 | -€28,924 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €28,598 | - | -€28,598 | |
| Trade debts | 44 | €125 | - | -€125 | |
| Suppliers | 440/4 | €125 | - | -€125 | |
| Taxes, remuneration and social security | 45 | €12,553 | €12,290 | -€263 | -2.1% |
| Taxes | 450/3 | €12,553 | €12,290 | -€263 | -2.1% |
| Other amounts payable | 47/48 | €67,810 | €67,872 | +€63 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,136 | €23,099 | +€963 | +4.4% |
| Other operating charges | 640/8 | €5,061 | €5,513 | +€453 | +8.9% |
| Gross operating margin | 9900 | €92,617 | €61,605 | -€31,012 | -33.5% |
| Operating profit (loss) | 9901 | €65,420 | €32,992 | -€32,428 | -49.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,692 | €482 | -€1,211 | -71.5% |
| Recurring financial charges | 65 | €1,692 | €482 | -€1,211 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | €63,728 | €32,510 | -€31,218 | -49.0% |
| Income taxes | 67/77 | €16,874 | €7,990 | -€8,884 | -52.7% |
| Profit (loss) for the period | 9904 | €46,854 | €24,521 | -€22,334 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,854 | €24,521 | -€22,334 | -47.7% |
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 24 October 2026 via checked.be.