B2B Frago: 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.
B2B Frago
Largest movements
- Cash +€19,001
up €19,001 (+47.3%), from €40,141 to €59,142
mainly Depreciation (+€13,333) and Receivables within one year (+€12,757)
- Tangible fixed assets -€13,333
down €13,333 (-31.8%), from €41,967 to €28,634
of which Furniture and vehicles: -€11,833
- Receivables within one year -€12,757
down €12,757 (-54.4%), from €23,454 to €10,697
of which Other amounts receivable: -€7,529
- Deferred charges and accrued income -€3,000
no longer reported in 2025 (was €3,000)
- Profit (loss) carried forward -€4,684
down €4,684 (-16.0%), from €29,231 to €24,548
- Other debts -€3,102
down €3,102 (-13.6%), from €22,723 to €19,621
- Current portion of long-term debt -€3,000
no longer reported in 2025 (was €3,000)
- Gross operating margin +€4,383
up €4,383 (+82.5%), from €5,312 to €9,695
- Financial income -€671
down €671 (-67.6%), from €992 to €321
- Other operating charges +€191
up €191 (+25.5%), from €750 to €941
- Financial charges -€134
down €134 (-33.0%), from €405 to €272
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 | €108,562 | €98,474 | -€10,088 | -9.3% |
| Fixed assets | 21/28 | €41,967 | €28,634 | -€13,333 | -31.8% |
| Tangible fixed assets | 22/27 | €41,967 | €28,634 | -€13,333 | -31.8% |
| Land and buildings | 22 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €38,967 | €27,134 | -€11,833 | -30.4% |
| Current assets | 29/58 | €66,595 | €69,840 | +€3,244 | +4.9% |
| Amounts receivable within one year | 40/41 | €23,454 | €10,697 | -€12,757 | -54.4% |
| Trade receivables | 40 | €12,983 | €7,756 | -€5,228 | -40.3% |
| Other amounts receivable | 41 | €10,471 | €2,942 | -€7,529 | -71.9% |
| Cash at bank and in hand | 54/58 | €40,141 | €59,142 | +€19,001 | +47.3% |
| Deferred charges and accrued income | 490/1 | €3,000 | - | -€3,000 | |
| Total equity and liabilities | 10/49 | €108,562 | €98,474 | -€10,088 | -9.3% |
| Equity | 10/15 | €78,231 | €73,548 | -€4,684 | -6.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €29,000 | €29,000 | = | 0.0% |
| Distributable reserves | 133 | €29,000 | €29,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,231 | €24,548 | -€4,684 | -16.0% |
| Amounts payable | 17/49 | €30,331 | €24,926 | -€5,405 | -17.8% |
| Amounts payable within one year | 42/48 | €30,331 | €24,926 | -€5,405 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | - | -€3,000 | |
| Trade debts | 44 | €999 | €1,388 | +€389 | +39.0% |
| Suppliers | 440/4 | €999 | €1,388 | +€389 | +39.0% |
| Taxes, remuneration and social security | 45 | €3,609 | €3,916 | +€308 | +8.5% |
| Taxes | 450/3 | €3,609 | €3,916 | +€308 | +8.5% |
| Other amounts payable | 47/48 | €22,723 | €19,621 | -€3,102 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,333 | €13,333 | = | 0.0% |
| Other operating charges | 640/8 | €750 | €941 | +€191 | +25.5% |
| Gross operating margin | 9900 | €5,312 | €9,695 | +€4,383 | +82.5% |
| Operating profit (loss) | 9901 | -€8,770 | -€4,579 | +€4,191 | +47.8% |
| Financial income | 75/76B | €992 | €321 | -€671 | -67.6% |
| Recurring financial income | 75 | €992 | €321 | -€671 | -67.6% |
| Financial charges | 65/66B | €405 | €272 | -€134 | -33.0% |
| Recurring financial charges | 65 | €405 | €272 | -€134 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,183 | -€4,529 | +€3,654 | +44.7% |
| Income taxes | 67/77 | €223 | €155 | -€68 | -30.7% |
| Profit (loss) for the period | 9904 | -€8,406 | -€4,684 | +€3,722 | +44.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,406 | -€4,684 | +€3,722 | +44.3% |
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 18 October 2026 via checked.be.