FRA RENO: 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.
FRA RENO
Largest movements
- Deferred charges and accrued income +€16,594
up €16,594 (+1,058%), from €1,568 to €18,162
- Tangible fixed assets -€13,925
down €13,925 (-32.9%), from €42,271 to €28,345
of which Leasing and similar rights: -€8,018
- Cash -€4,420
down €4,420 (-85.7%), from €5,157 to €737
mainly Deferred charges and accrued income (-€16,594) and Debts after one year (-€9,335)
- Receivables within one year -€1,532
down €1,532 (-45.9%), from €3,336 to €1,803
of which Other amounts receivable: -€908
- Debts after one year -€9,335
down €9,335 (-33.5%), from €27,854 to €18,518
- Trade debts +€4,188
up €4,188 (+2,009%), from €208 to €4,396
- Profit (loss) carried forward +€2,766
up €2,766 (+28.2%), from €9,826 to €12,592
- Tax, wage and social debts -€1,338
down €1,338 (-53.1%), from €2,518 to €1,181
of which Taxes: -€1,338
- Gross operating margin -€2,882
down €2,882 (-12.5%), from €23,003 to €20,121
- Depreciation +€1,753
up €1,753 (+14.4%), from €12,172 to €13,925
- Taxes -€744
down €744 (-38.6%), from €1,925 to €1,181
- Other operating charges -€468
down €468 (-41.1%), from €1,139 to €671
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 | €52,331 | €49,047 | -€3,284 | -6.3% |
| Fixed assets | 21/28 | €42,271 | €28,345 | -€13,925 | -32.9% |
| Tangible fixed assets | 22/27 | €42,271 | €28,345 | -€13,925 | -32.9% |
| Plant, machinery and equipment | 23 | €8,524 | €3,904 | -€4,620 | -54.2% |
| Furniture and vehicles | 24 | €2,861 | €1,573 | -€1,287 | -45.0% |
| Leasing and similar rights | 25 | €30,886 | €22,868 | -€8,018 | -26.0% |
| Current assets | 29/58 | €10,060 | €20,702 | +€10,642 | +106% |
| Amounts receivable within one year | 40/41 | €3,336 | €1,803 | -€1,532 | -45.9% |
| Trade receivables | 40 | €702 | €78 | -€624 | -88.9% |
| Other amounts receivable | 41 | €2,633 | €1,725 | -€908 | -34.5% |
| Cash at bank and in hand | 54/58 | €5,157 | €737 | -€4,420 | -85.7% |
| Deferred charges and accrued income | 490/1 | €1,568 | €18,162 | +€16,594 | +1,058% |
| Total equity and liabilities | 10/49 | €52,331 | €49,047 | -€3,284 | -6.3% |
| Equity | 10/15 | €12,826 | €15,592 | +€2,766 | +21.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,826 | €12,592 | +€2,766 | +28.2% |
| Amounts payable | 17/49 | €39,505 | €33,455 | -€6,050 | -15.3% |
| Amounts payable after more than one year | 17 | €27,854 | €18,518 | -€9,335 | -33.5% |
| Financial debts | 170/4 | €27,854 | €18,518 | -€9,335 | -33.5% |
| Amounts payable within one year | 42/48 | €11,651 | €14,912 | +€3,261 | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €8,925 | €9,335 | +€411 | +4.6% |
| Trade debts | 44 | €208 | €4,396 | +€4,188 | +2,009% |
| Suppliers | 440/4 | €208 | €4,396 | +€4,188 | +2,009% |
| Taxes, remuneration and social security | 45 | €2,518 | €1,181 | -€1,338 | -53.1% |
| Taxes | 450/3 | €2,518 | €1,181 | -€1,338 | -53.1% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €25 | +€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,172 | €13,925 | +€1,753 | +14.4% |
| Other operating charges | 640/8 | €1,139 | €671 | -€468 | -41.1% |
| Gross operating margin | 9900 | €23,003 | €20,121 | -€2,882 | -12.5% |
| Operating profit (loss) | 9901 | €9,692 | €5,525 | -€4,167 | -43.0% |
| Financial income | 75/76B | €15 | €15 | +€0 | +1.1% |
| Recurring financial income | 75 | €15 | €15 | +€0 | +1.1% |
| Financial charges | 65/66B | €1,782 | €1,593 | -€188 | -10.6% |
| Recurring financial charges | 65 | €1,782 | €1,593 | -€188 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €7,925 | €3,947 | -€3,979 | -50.2% |
| Income taxes | 67/77 | €1,925 | €1,181 | -€744 | -38.6% |
| Profit (loss) for the period | 9904 | €6,001 | €2,766 | -€3,235 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,001 | €2,766 | -€3,235 | -53.9% |
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 22 October 2026 via checked.be.