FRAA PLUS: what changed
Two fiscal 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.
FRAA PLUS
Largest movements
- Stocks and contracts -€87,698
down €87,698 (-100.0%), from €87,698 to €0
- Current investments +€17,000
up €17,000 (+9.4%), from €180,000 to €197,000
- Cash -€15,510
down €15,510 (-10.0%), from €155,767 to €140,258
mainly Other debts (-€105,212) and Tax, wage and social debts (-€20,492)
- Other debts -€105,212
down €105,212 (-100.0%), from €105,212 to €0
- Reserves +€38,978
up €38,978 (+13.4%), from €290,065 to €329,043
- Tax, wage and social debts -€20,492
down €20,492 (-86.7%), from €23,629 to €3,138
- Gross operating margin -€39,137
down €39,137 (-44.2%), from €88,496 to €49,359
- Taxes -€12,631
down €12,631 (-46.4%), from €27,247 to €14,617
- Financial income -€7,131
down €7,131 (-59.1%), from €12,060 to €4,929
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.
Cash bridge derived
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 | €424,096 | €337,258 | -€86,838 | -20.5% |
| Current assets | 29/58 | €424,096 | €337,258 | -€86,838 | -20.5% |
| Stocks and contracts in progress | 3 | €87,698 | €0 | -€87,698 | -100.0% |
| Stocks | 30/36 | €87,698 | €0 | -€87,698 | -100.0% |
| Current investments | 50/53 | €180,000 | €197,000 | +€17,000 | +9.4% |
| Cash at bank and in hand | 54/58 | €155,767 | €140,258 | -€15,510 | -10.0% |
| Deferred charges and accrued income | 490/1 | €631 | €0 | -€631 | -100.0% |
| Total equity and liabilities | 10/49 | €424,096 | €337,258 | -€86,838 | -20.5% |
| Equity | 10/15 | €295,065 | €334,043 | +€38,978 | +13.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €290,065 | €329,043 | +€38,978 | +13.4% |
| Distributable reserves | 133 | €290,065 | €329,043 | +€38,978 | +13.4% |
| Amounts payable | 17/49 | €129,030 | €3,214 | -€125,816 | -97.5% |
| Amounts payable within one year | 42/48 | €129,030 | €3,214 | -€125,816 | -97.5% |
| Trade debts | 44 | €189 | €76 | -€113 | -59.6% |
| Suppliers | 440/4 | €189 | €76 | -€113 | -59.6% |
| Taxes, remuneration and social security | 45 | €23,629 | €3,138 | -€20,492 | -86.7% |
| Taxes | 450/3 | €23,629 | €3,138 | -€20,492 | -86.7% |
| Other amounts payable | 47/48 | €105,212 | €0 | -€105,212 | -100.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €88,496 | €49,359 | -€39,137 | -44.2% |
| Operating profit (loss) | 9901 | €87,968 | €48,815 | -€39,153 | -44.5% |
| Financial income | 75/76B | €12,060 | €4,929 | -€7,131 | -59.1% |
| Recurring financial income | 75 | €12,060 | €4,929 | -€7,131 | -59.1% |
| Financial charges | 65/66B | €121 | €150 | +€29 | +24.2% |
| Recurring financial charges | 65 | €121 | €150 | +€29 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €99,907 | €53,594 | -€46,313 | -46.4% |
| Income taxes | 67/77 | €27,247 | €14,617 | -€12,631 | -46.4% |
| Profit (loss) for the period | 9904 | €72,660 | €38,978 | -€33,682 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,660 | €38,978 | -€33,682 | -46.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.