THE FROG: 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.
THE FROG
Largest movements
- Receivables within one year -€5,873
down €5,873 (-55.6%), from €10,565 to €4,692
of which Trade receivables: -€9,967
- Cash -€350
down €350 (-2.5%), from €13,748 to €13,398
mainly Contributions, distributions and other (-€12,000) and Tax, wage and social debts (-€404)
- Profit (loss) carried forward -€10,054
down €10,054 (-80.2%), from €12,542 to €2,488
- Other debts +€3,772
up €3,772 (+45.8%), from €8,228 to €12,000
- Accrued charges and deferred income +€584
new in 2025: €584
- Tax, wage and social debts -€404
no longer reported in 2025 (was €404)
- Gross operating margin -€8,611
down €8,611 (-73.8%), from €11,667 to €3,056
- Taxes -€2,458
down €2,458 (-78.1%), from €3,146 to €688
- Financial income -€706
down €706 (-87.6%), from €806 to €100
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 | €24,313 | €18,090 | -€6,223 | -25.6% |
| Current assets | 29/58 | €24,313 | €18,090 | -€6,223 | -25.6% |
| Amounts receivable within one year | 40/41 | €10,565 | €4,692 | -€5,873 | -55.6% |
| Trade receivables | 40 | €10,475 | €508 | -€9,967 | -95.2% |
| Other amounts receivable | 41 | €90 | €4,184 | +€4,094 | +4,549% |
| Cash at bank and in hand | 54/58 | €13,748 | €13,398 | -€350 | -2.5% |
| Total equity and liabilities | 10/49 | €24,313 | €18,090 | -€6,223 | -25.6% |
| Equity | 10/15 | €15,542 | €5,488 | -€10,054 | -64.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,542 | €2,488 | -€10,054 | -80.2% |
| Amounts payable | 17/49 | €8,771 | €12,602 | +€3,831 | +43.7% |
| Amounts payable within one year | 42/48 | €8,771 | €12,018 | +€3,247 | +37.0% |
| Trade debts | 44 | €139 | €18 | -€121 | -87.1% |
| Suppliers | 440/4 | €139 | €18 | -€121 | -87.1% |
| Taxes, remuneration and social security | 45 | €404 | - | -€404 | |
| Taxes | 450/3 | €404 | - | -€404 | |
| Other amounts payable | 47/48 | €8,228 | €12,000 | +€3,772 | +45.8% |
| Accrued charges and deferred income | 492/3 | - | €584 | +€584 | |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €11,667 | €3,056 | -€8,611 | -73.8% |
| Operating profit (loss) | 9901 | €11,280 | €2,656 | -€8,624 | -76.5% |
| Financial income | 75/76B | €806 | €100 | -€706 | -87.6% |
| Recurring financial income | 75 | €806 | €100 | -€706 | -87.6% |
| Financial charges | 65/66B | €133 | €122 | -€11 | -8.3% |
| Recurring financial charges | 65 | €133 | €122 | -€11 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €11,953 | €2,634 | -€9,319 | -78.0% |
| Income taxes | 67/77 | €3,146 | €688 | -€2,458 | -78.1% |
| Profit (loss) for the period | 9904 | €8,807 | €1,946 | -€6,861 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,807 | €1,946 | -€6,861 | -77.9% |
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 28 October 2026 via checked.be.