Frabelco: 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.
Frabelco
Largest movements
- Financial fixed assets +€1.4m
up €1.4m (+12.4%), from €11.4m to €12.9m
- Receivables after one year -€1.3m
down €1.3m (-35.6%), from €3.5m to €2.3m
- Cash +€382,030
up €382,030 (+176955.8%), from €216 to €382,246
mainly Receivables after one year (+€1.3m) and Net result for the year (+€1.1m)
- Debts after one year -€1.1m
down €1.1m (-36.6%), from €3.1m to €2.0m
of which Financial debts: -€1.1m
- Profit (loss) carried forward +€1.1m
up €1.1m (+7.2%), from €14.7m to €15.8m
- Short-term financial debts +€514,056
up €514,056 (+47.7%), from €1.1m to €1.6m
of which Other loans: +€377,990
- Current portion of long-term debt -€284,338
down €284,338 (-58.0%), from €490,137 to €205,799
- Financial income +€296,829
up €296,829 (+34.4%), from €863,182 to €1.2m
- Other operating charges -€37,100
down €37,100 (-84.6%), from €43,853 to €6,753
- Financial charges -€8,192
down €8,192 (-17.8%), from €45,998 to €37,806
- Staff costs +€5,946
up €5,946 (+6.4%), from €93,233 to €99,179
- Gross operating margin -€5,764
down €5,764 (-7.9%), from €72,695 to €66,931
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 | €19,638,149 | €19,872,049 | +€233,900 | +1.2% |
| Fixed assets | 21/28 | €11,517,995 | €12,928,431 | +€1.4m | +12.2% |
| Tangible fixed assets | 22/27 | €77,434 | €64,970 | -€12,464 | -16.1% |
| Furniture and vehicles | 24 | €77,434 | €64,970 | -€12,464 | -16.1% |
| Financial fixed assets | 28 | €11,440,561 | €12,863,461 | +€1.4m | +12.4% |
| Current assets | 29/58 | €8,120,154 | €6,943,618 | -€1.2m | -14.5% |
| Amounts receivable after more than one year | 29 | €3,544,910 | €2,282,491 | -€1.3m | -35.6% |
| Other amounts receivable | 291 | €3,544,910 | €2,282,491 | -€1.3m | -35.6% |
| Amounts receivable within one year | 40/41 | €3,072,614 | €2,959,379 | -€113,235 | -3.7% |
| Trade receivables | 40 | €68,829 | €57,605 | -€11,225 | -16.3% |
| Other amounts receivable | 41 | €3,003,785 | €2,901,774 | -€102,010 | -3.4% |
| Current investments | 50/53 | €1,446,790 | €1,278,245 | -€168,546 | -11.6% |
| Cash at bank and in hand | 54/58 | €216 | €382,246 | +€382,030 | +176955.8% |
| Deferred charges and accrued income | 490/1 | €55,624 | €41,258 | -€14,367 | -25.8% |
| Total equity and liabilities | 10/49 | €19,638,149 | €19,872,049 | +€233,900 | +1.2% |
| Equity | 10/15 | €14,772,026 | €15,837,120 | +€1.1m | +7.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,703,856 | €15,768,949 | +€1.1m | +7.2% |
| Amounts payable | 17/49 | €4,866,122 | €4,034,929 | -€831,193 | -17.1% |
| Amounts payable after more than one year | 17 | €3,135,572 | €1,989,316 | -€1.1m | -36.6% |
| Financial debts | 170/4 | €2,991,983 | €1,846,149 | -€1.1m | -38.3% |
| Other amounts payable | 178/9 | €143,589 | €143,166 | -€422 | -0.3% |
| Amounts payable within one year | 42/48 | €1,730,551 | €2,045,614 | +€315,063 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €490,137 | €205,799 | -€284,338 | -58.0% |
| Financial debts | 43 | €1,076,906 | €1,590,961 | +€514,056 | +47.7% |
| Credit institutions | 430/8 | €72,193 | €208,258 | +€136,065 | +188.5% |
| Other loans | 439 | €1,004,713 | €1,382,703 | +€377,990 | +37.6% |
| Trade debts | 44 | €143,450 | €221,141 | +€77,691 | +54.2% |
| Suppliers | 440/4 | €143,450 | €221,141 | +€77,691 | +54.2% |
| Taxes, remuneration and social security | 45 | €20,058 | €27,712 | +€7,654 | +38.2% |
| Taxes | 450/3 | €4,690 | €6,188 | +€1,498 | +31.9% |
| Remuneration and social security | 454/9 | €15,368 | €21,525 | +€6,156 | +40.1% |
| Non-recurring operating income | 76A | €46,781 | - | -€46,781 | |
| Remuneration, social security and pensions | 62 | €93,233 | €99,179 | +€5,946 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,354 | €14,606 | +€1,252 | +9.4% |
| Other operating charges | 640/8 | €43,853 | €6,753 | -€37,100 | -84.6% |
| Non-recurring operating charges | 66A | €13,544 | - | -€13,544 | |
| Gross operating margin | 9900 | €72,695 | €66,931 | -€5,764 | -7.9% |
| Operating profit (loss) | 9901 | -€91,289 | -€53,607 | +€37,682 | +41.3% |
| Financial income | 75/76B | €863,182 | €1,160,011 | +€296,829 | +34.4% |
| Recurring financial income | 75 | €863,182 | €1,160,011 | +€296,829 | +34.4% |
| Financial charges | 65/66B | €45,998 | €37,806 | -€8,192 | -17.8% |
| Recurring financial charges | 65 | €45,998 | €37,806 | -€8,192 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €725,895 | €1,068,598 | +€342,703 | +47.2% |
| Income taxes | 67/77 | €472 | €3,505 | +€3,033 | +642.9% |
| Profit (loss) for the period | 9904 | €725,423 | €1,065,093 | +€339,670 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €725,423 | €1,065,093 | +€339,670 | +46.8% |
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 6 October 2026 via checked.be.