FRABATI: 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.
FRABATI
Largest movements
- Deferred charges and accrued income +€15,102
up €15,102 (+196.3%), from €7,693 to €22,796
- Receivables within one year -€9,300
down €9,300 (-65.7%), from €14,161 to €4,862
of which Trade receivables: -€11,608
- Tangible fixed assets -€7,779
down €7,779 (-27.5%), from €28,255 to €20,476
of which Plant, machinery and equipment: -€5,961
- Stocks and contracts +€5,783
up €5,783 (+47.9%), from €12,072 to €17,854
- Profit (loss) carried forward -€13,696
down €13,696 (-186.8%), from -€7,333 to -€21,028
- Other debts +€12,411
up €12,411 (+397.7%), from €3,121 to €15,532
- Tax, wage and social debts +€6,014
up €6,014 (+111.9%), from €5,375 to €11,389
of which Remuneration and social security: +€10,355
- Staff costs +€12,312
up €12,312 (+7.2%), from €170,757 to €183,069
- Financial charges -€6,355
down €6,355 (-82.1%), from €7,739 to €1,384
- Depreciation +€5,961
up €5,961 (+327.9%), from €1,818 to €7,779
- Gross operating margin -€3,007
down €3,007 (-1.6%), from €184,124 to €181,116
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 | €117,746 | €121,584 | +€3,839 | +3.3% |
| Fixed assets | 21/28 | €38,848 | €31,069 | -€7,779 | -20.0% |
| Tangible fixed assets | 22/27 | €28,255 | €20,476 | -€7,779 | -27.5% |
| Plant, machinery and equipment | 23 | €18,487 | €12,526 | -€5,961 | -32.2% |
| Other tangible fixed assets | 26 | €9,769 | €7,951 | -€1,818 | -18.6% |
| Financial fixed assets | 28 | €10,593 | €10,593 | = | 0.0% |
| Current assets | 29/58 | €78,897 | €90,515 | +€11,618 | +14.7% |
| Stocks and contracts in progress | 3 | €12,072 | €17,854 | +€5,783 | +47.9% |
| Stocks | 30/36 | €12,072 | €17,854 | +€5,783 | +47.9% |
| Amounts receivable within one year | 40/41 | €14,161 | €4,862 | -€9,300 | -65.7% |
| Trade receivables | 40 | €13,834 | €2,226 | -€11,608 | -83.9% |
| Other amounts receivable | 41 | €327 | €2,636 | +€2,308 | +705.1% |
| Cash at bank and in hand | 54/58 | €44,971 | €45,004 | +€33 | +0.1% |
| Deferred charges and accrued income | 490/1 | €7,693 | €22,796 | +€15,102 | +196.3% |
| Total equity and liabilities | 10/49 | €117,746 | €121,584 | +€3,839 | +3.3% |
| Equity | 10/15 | €108,300 | €94,604 | -€13,696 | -12.6% |
| Contributions | 10/11 | €75,566 | €75,566 | = | 0.0% |
| Outside capital | 11 | €75,566 | €75,566 | = | 0.0% |
| Other | 1109/19 | €75,566 | €75,566 | = | 0.0% |
| Reserves | 13 | €40,067 | €40,067 | = | 0.0% |
| Distributable reserves | 133 | €40,067 | €40,067 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,333 | -€21,028 | -€13,696 | -186.8% |
| Amounts payable | 17/49 | €9,446 | €26,980 | +€17,534 | +185.6% |
| Amounts payable within one year | 42/48 | €9,446 | €26,980 | +€17,534 | +185.6% |
| Trade debts | 44 | €950 | €59 | -€891 | -93.7% |
| Suppliers | 440/4 | €950 | €59 | -€891 | -93.7% |
| Taxes, remuneration and social security | 45 | €5,375 | €11,389 | +€6,014 | +111.9% |
| Taxes | 450/3 | €5,193 | €852 | -€4,341 | -83.6% |
| Remuneration and social security | 454/9 | €182 | €10,537 | +€10,355 | +5691.7% |
| Other amounts payable | 47/48 | €3,121 | €15,532 | +€12,411 | +397.7% |
| Remuneration, social security and pensions | 62 | €170,757 | €183,069 | +€12,312 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,818 | €7,779 | +€5,961 | +327.9% |
| Other operating charges | 640/8 | €3,536 | €2,153 | -€1,382 | -39.1% |
| Gross operating margin | 9900 | €184,124 | €181,116 | -€3,007 | -1.6% |
| Operating profit (loss) | 9901 | €8,013 | -€11,886 | -€19,898 | |
| Financial charges | 65/66B | €7,739 | €1,384 | -€6,355 | -82.1% |
| Recurring financial charges | 65 | €7,739 | €1,384 | -€6,355 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | €274 | -€13,269 | -€13,543 | |
| Income taxes | 67/77 | €584 | €427 | -€158 | -27.0% |
| Profit (loss) for the period | 9904 | -€311 | -€13,696 | -€13,385 | -4309.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€311 | -€13,696 | -€13,385 | -4309.8% |
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 7 October 2026 via checked.be.