Frabelec: 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.
Frabelec
Largest movements
- Receivables within one year +€216,548
up €216,548 (+35.3%), from €613,912 to €830,459
of which Trade receivables: +€128,711
- Tangible fixed assets +€43,719
up €43,719 (+23.2%), from €188,274 to €231,993
of which Furniture and vehicles: +€45,634
- Intangible fixed assets -€42,857
down €42,857 (-52.3%), from €82,014 to €39,157
- Deferred charges and accrued income +€28,170
up €28,170 (+317.6%), from €8,868 to €37,038
- Trade debts +€197,952
up €197,952 (+34.0%), from €582,774 to €780,725
- Other debts +€63,868
up €63,868 (+56650.8%), from €113 to €63,981
- Reserves -€29,814
down €29,814 (-13.8%), from €215,898 to €186,085
of which Distributable reserves: -€29,814
- Tax, wage and social debts +€16,086
up €16,086 (+30.3%), from €53,163 to €69,250
- Gross operating margin -€68,425
down €68,425 (-31.0%), from €221,047 to €152,621
- Taxes -€23,629
down €23,629 (-48.1%), from €49,126 to €25,497
- Depreciation +€15,154
up €15,154 (+21.4%), from €70,717 to €85,871
- Financial income +€3,457
up €3,457, from €0 to €3,457
- Other operating charges +€2,372
up €2,372 (+157.5%), from €1,506 to €3,878
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 | €987,757 | €1,240,202 | +€252,445 | +25.6% |
| Fixed assets | 21/28 | €270,288 | €271,149 | +€862 | +0.3% |
| Intangible fixed assets | 21 | €82,014 | €39,157 | -€42,857 | -52.3% |
| Tangible fixed assets | 22/27 | €188,274 | €231,993 | +€43,719 | +23.2% |
| Land and buildings | 22 | €19,488 | €17,544 | -€1,944 | -10.0% |
| Plant, machinery and equipment | 23 | €8,036 | €4,464 | -€3,571 | -44.4% |
| Furniture and vehicles | 24 | €160,750 | €206,384 | +€45,634 | +28.4% |
| Other tangible fixed assets | 26 | - | €3,600 | +€3,600 | |
| Current assets | 29/58 | €717,470 | €969,053 | +€251,584 | +35.1% |
| Amounts receivable within one year | 40/41 | €613,912 | €830,459 | +€216,548 | +35.3% |
| Trade receivables | 40 | €587,802 | €716,512 | +€128,711 | +21.9% |
| Other amounts receivable | 41 | €26,110 | €113,947 | +€87,837 | +336.4% |
| Cash at bank and in hand | 54/58 | €94,690 | €101,556 | +€6,866 | +7.3% |
| Deferred charges and accrued income | 490/1 | €8,868 | €37,038 | +€28,170 | +317.6% |
| Total equity and liabilities | 10/49 | €987,757 | €1,240,202 | +€252,445 | +25.6% |
| Equity | 10/15 | €222,098 | €192,285 | -€29,814 | -13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €215,898 | €186,085 | -€29,814 | -13.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €214,039 | €184,226 | -€29,814 | -13.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €765,659 | €1,047,918 | +€282,259 | +36.9% |
| Amounts payable after more than one year | 17 | €88,212 | €90,626 | +€2,414 | +2.7% |
| Financial debts | 170/4 | €88,212 | €90,626 | +€2,414 | +2.7% |
| Amounts payable within one year | 42/48 | €664,323 | €944,501 | +€280,177 | +42.2% |
| Current portion of amounts payable after more than one year | 42 | €28,274 | €30,545 | +€2,271 | +8.0% |
| Trade debts | 44 | €582,774 | €780,725 | +€197,952 | +34.0% |
| Suppliers | 440/4 | €582,774 | €780,725 | +€197,952 | +34.0% |
| Taxes, remuneration and social security | 45 | €53,163 | €69,250 | +€16,086 | +30.3% |
| Taxes | 450/3 | €53,163 | €69,250 | +€16,086 | +30.3% |
| Other amounts payable | 47/48 | €113 | €63,981 | +€63,868 | +56650.8% |
| Accrued charges and deferred income | 492/3 | €13,124 | €12,791 | -€333 | -2.5% |
| Non-recurring operating income | 76A | €22,500 | €26,447 | +€3,947 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,717 | €85,871 | +€15,154 | +21.4% |
| Other operating charges | 640/8 | €1,506 | €3,878 | +€2,372 | +157.5% |
| Gross operating margin | 9900 | €221,047 | €152,621 | -€68,425 | -31.0% |
| Operating profit (loss) | 9901 | €148,823 | €62,872 | -€85,951 | -57.8% |
| Financial income | 75/76B | €0 | €3,457 | +€3,457 | |
| Recurring financial income | 75 | €0 | €3,457 | +€3,457 | |
| Financial charges | 65/66B | €7,884 | €6,665 | -€1,219 | -15.5% |
| Recurring financial charges | 65 | €7,884 | €6,665 | -€1,219 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €140,940 | €59,664 | -€81,275 | -57.7% |
| Income taxes | 67/77 | €49,126 | €25,497 | -€23,629 | -48.1% |
| Profit (loss) for the period | 9904 | €91,813 | €34,167 | -€57,646 | -62.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,813 | €34,167 | -€57,646 | -62.8% |
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 12 October 2026 via checked.be.