FRA Studio: what changed
FRA Studio
Largest movements
- Tangible fixed assets -€5,669
down €5,669 (-39.5%), from €14,362 to €8,693
- Cash +€5,345
up €5,345 (+71.6%), from €7,464 to €12,808
mainly Net result for the year (+€11,640) and Depreciation (+€5,669)
- Receivables within one year +€584
up €584 (+6.6%), from €8,817 to €9,400
- Profit (loss) carried forward +€10,807
up €10,807 (+171%), from €6,328 to €17,134
- Tax, wage and social debts -€4,979
down €4,979 (-47.3%), from €10,519 to €5,540
of which Taxes: -€3,179
- Other debts -€4,500
down €4,500 (-41.3%), from €10,887 to €6,387
- Trade debts -€2,221
down €2,221 (-72.0%), from €3,085 to €864
- Accrued charges and deferred income +€1,281
new in 2025: €1,281
- Gross operating margin +€10,064
up €10,064 (+86.6%), from €11,617 to €21,681
- Depreciation +€3,024
up €3,024 (+114%), from €2,645 to €5,669
- Taxes +€1,212
up €1,212 (+47.0%), from €2,579 to €3,790
- Financial charges +€494
up €494 (+560%), from €88 to €582
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,219 | €31,606 | +€388 | +1.2% |
| Fixed assets | 21/28 | €14,362 | €8,693 | -€5,669 | -39.5% |
| Tangible fixed assets | 22/27 | €14,362 | €8,693 | -€5,669 | -39.5% |
| Furniture and vehicles | 24 | €14,362 | €8,693 | -€5,669 | -39.5% |
| Current assets | 29/58 | €16,856 | €22,913 | +€6,056 | +35.9% |
| Amounts receivable within one year | 40/41 | €8,817 | €9,400 | +€584 | +6.6% |
| Trade receivables | 40 | €8,817 | €9,400 | +€584 | +6.6% |
| Cash at bank and in hand | 54/58 | €7,464 | €12,808 | +€5,345 | +71.6% |
| Deferred charges and accrued income | 490/1 | €576 | €704 | +€128 | +22.2% |
| Total equity and liabilities | 10/49 | €31,219 | €31,606 | +€388 | +1.2% |
| Equity | 10/15 | €6,728 | €17,534 | +€10,807 | +161% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,328 | €17,134 | +€10,807 | +171% |
| Amounts payable | 17/49 | €24,491 | €14,072 | -€10,419 | -42.5% |
| Amounts payable within one year | 42/48 | €24,491 | €12,791 | -€11,700 | -47.8% |
| Trade debts | 44 | €3,085 | €864 | -€2,221 | -72.0% |
| Suppliers | 440/4 | €3,085 | €864 | -€2,221 | -72.0% |
| Taxes, remuneration and social security | 45 | €10,519 | €5,540 | -€4,979 | -47.3% |
| Taxes | 450/3 | €8,719 | €5,540 | -€3,179 | -36.5% |
| Remuneration and social security | 454/9 | €1,800 | - | -€1,800 | |
| Other amounts payable | 47/48 | €10,887 | €6,387 | -€4,500 | -41.3% |
| Accrued charges and deferred income | 492/3 | - | €1,281 | +€1,281 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,645 | €5,669 | +€3,024 | +114% |
| Gross operating margin | 9900 | €11,617 | €21,681 | +€10,064 | +86.6% |
| Operating profit (loss) | 9901 | €8,972 | €16,012 | +€7,040 | +78.5% |
| Financial income | 75/76B | €23 | €0 | -€23 | -100.0% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -100.0% |
| Financial charges | 65/66B | €88 | €582 | +€494 | +560% |
| Recurring financial charges | 65 | €88 | €582 | +€494 | +560% |
| Profit (loss) for the period before taxes | 9903 | €8,907 | €15,430 | +€6,523 | +73.2% |
| Income taxes | 67/77 | €2,579 | €3,790 | +€1,212 | +47.0% |
| Profit (loss) for the period | 9904 | €6,328 | €11,640 | +€5,312 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,328 | €11,640 | +€5,312 | +83.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.