FRIANE: 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.
FRIANE
Largest movements
- Cash +€42,697
up €42,697 (+96.7%), from €44,145 to €86,842
mainly Stocks and contracts (+€40,496) and Trade debts (+€38,851)
- Stocks and contracts -€40,496
down €40,496 (-38.0%), from €106,671 to €66,176
- Tangible fixed assets -€32,206
down €32,206 (-21.9%), from €147,192 to €114,986
of which Furniture and vehicles: -€24,627
- Receivables within one year +€14,471
up €14,471 (+29.0%), from €49,978 to €64,449
of which Trade receivables: +€30,040
- Trade debts +€38,851
up €38,851 (+139%), from €28,044 to €66,895
- Other debts -€38,327
down €38,327 (-76.7%), from €50,000 to €11,673
- Accrued charges and deferred income -€19,435
down €19,435 (-66.8%), from €29,090 to €9,655
- Reserves +€15,054
up €15,054 (+9.3%), from €162,430 to €177,484
- Current portion of long-term debt -€6,055
down €6,055 (-54.0%), from €11,213 to €5,158
- Gross operating margin -€10,063
down €10,063 (-14.5%), from €69,415 to €59,352
- Taxes -€2,762
down €2,762 (-29.7%), from €9,313 to €6,551
- Financial income -€1,203
down €1,203 (-36.1%), from €3,329 to €2,127
- Other operating charges -€821
down €821 (-14.6%), from €5,641 to €4,820
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 | €390,919 | €373,727 | -€17,191 | -4.4% |
| Fixed assets | 21/28 | €147,192 | €114,986 | -€32,206 | -21.9% |
| Tangible fixed assets | 22/27 | €147,192 | €114,986 | -€32,206 | -21.9% |
| Land and buildings | 22 | €76,208 | €70,265 | -€5,943 | -7.8% |
| Plant, machinery and equipment | 23 | €2,608 | €972 | -€1,636 | -62.7% |
| Furniture and vehicles | 24 | €68,377 | €43,749 | -€24,627 | -36.0% |
| Current assets | 29/58 | €243,726 | €258,741 | +€15,015 | +6.2% |
| Amounts receivable after more than one year | 29 | €31,000 | €31,000 | = | 0.0% |
| Other amounts receivable | 291 | €31,000 | €31,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €106,671 | €66,176 | -€40,496 | -38.0% |
| Stocks | 30/36 | €106,671 | €66,176 | -€40,496 | -38.0% |
| Amounts receivable within one year | 40/41 | €49,978 | €64,449 | +€14,471 | +29.0% |
| Trade receivables | 40 | €34,409 | €64,449 | +€30,040 | +87.3% |
| Other amounts receivable | 41 | €15,569 | - | -€15,569 | |
| Cash at bank and in hand | 54/58 | €44,145 | €86,842 | +€42,697 | +96.7% |
| Deferred charges and accrued income | 490/1 | €11,932 | €10,275 | -€1,657 | -13.9% |
| Total equity and liabilities | 10/49 | €390,919 | €373,727 | -€17,191 | -4.4% |
| Equity | 10/15 | €248,273 | €263,327 | +€15,054 | +6.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €162,430 | €177,484 | +€15,054 | +9.3% |
| Distributable reserves | 133 | €162,430 | €177,484 | +€15,054 | +9.3% |
| Profit (loss) carried forward | 14 | €67,251 | €67,251 | = | 0.0% |
| Amounts payable | 17/49 | €142,646 | €110,400 | -€32,245 | -22.6% |
| Amounts payable after more than one year | 17 | €7,789 | €2,631 | -€5,158 | -66.2% |
| Financial debts | 170/4 | €7,789 | €2,631 | -€5,158 | -66.2% |
| Amounts payable within one year | 42/48 | €105,767 | €98,114 | -€7,653 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €11,213 | €5,158 | -€6,055 | -54.0% |
| Trade debts | 44 | €28,044 | €66,895 | +€38,851 | +139% |
| Suppliers | 440/4 | €28,044 | €66,895 | +€38,851 | +139% |
| Taxes, remuneration and social security | 45 | €16,511 | €14,388 | -€2,122 | -12.9% |
| Taxes | 450/3 | €16,511 | €14,388 | -€2,122 | -12.9% |
| Other amounts payable | 47/48 | €50,000 | €11,673 | -€38,327 | -76.7% |
| Accrued charges and deferred income | 492/3 | €29,090 | €9,655 | -€19,435 | -66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,232 | €33,909 | -€323 | -0.9% |
| Other operating charges | 640/8 | €5,641 | €4,820 | -€821 | -14.6% |
| Gross operating margin | 9900 | €69,415 | €59,352 | -€10,063 | -14.5% |
| Operating profit (loss) | 9901 | €29,541 | €20,623 | -€8,919 | -30.2% |
| Financial income | 75/76B | €3,329 | €2,127 | -€1,203 | -36.1% |
| Recurring financial income | 75 | €3,329 | €2,127 | -€1,203 | -36.1% |
| Financial charges | 65/66B | €1,488 | €1,144 | -€344 | -23.1% |
| Recurring financial charges | 65 | €1,488 | €1,144 | -€344 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €31,382 | €21,605 | -€9,777 | -31.2% |
| Income taxes | 67/77 | €9,313 | €6,551 | -€2,762 | -29.7% |
| Profit (loss) for the period | 9904 | €22,069 | €15,054 | -€7,015 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,069 | €15,054 | -€7,015 | -31.8% |
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 22 October 2026 via checked.be.