FRABEN: 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.
FRABEN
Largest movements
- Receivables within one year +€151,718
up €151,718 (+13.4%), from €1.1m to €1.3m
of which Other amounts receivable: +€152,653
- Tangible fixed assets -€39,163
down €39,163 (-5.4%), from €731,530 to €692,367
of which Land and buildings: -€35,939
- Reserves +€131,515
up €131,515 (+10.5%), from €1.3m to €1.4m
of which Distributable reserves: +€76,785
- Tax, wage and social debts -€37,101
down €37,101 (-58.9%), from €63,034 to €25,933
of which Taxes: -€21,410
- Trade debts +€36,440
up €36,440 (+1110.8%), from €3,281 to €39,720
- Other debts -€27,000
down €27,000 (-34.6%), from €78,031 to €51,031
- Gross operating margin -€145,551
down €145,551 (-44.6%), from €326,293 to €180,743
- Financial income +€80,894
up €80,894 (+1273.5%), from €6,352 to €87,246
- Taxes -€16,972
down €16,972 (-22.0%), from €77,258 to €60,286
- Staff costs +€15,866
new in 2025: €15,866
- Depreciation -€5,420
down €5,420 (-9.1%), from €59,421 to €54,001
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 | €2,066,194 | €2,172,559 | +€106,365 | +5.1% |
| Fixed assets | 21/28 | €925,174 | €886,075 | -€39,099 | -4.2% |
| Intangible fixed assets | 21 | €193,643 | €193,643 | = | 0.0% |
| Tangible fixed assets | 22/27 | €731,530 | €692,367 | -€39,163 | -5.4% |
| Land and buildings | 22 | €705,607 | €669,668 | -€35,939 | -5.1% |
| Plant, machinery and equipment | 23 | €4,138 | €10,549 | +€6,411 | +154.9% |
| Furniture and vehicles | 24 | €21,785 | €12,150 | -€9,636 | -44.2% |
| Financial fixed assets | 28 | - | €65 | +€65 | |
| Current assets | 29/58 | €1,141,020 | €1,286,484 | +€145,464 | +12.7% |
| Amounts receivable within one year | 40/41 | €1,132,489 | €1,284,208 | +€151,718 | +13.4% |
| Trade receivables | 40 | €935 | - | -€935 | |
| Other amounts receivable | 41 | €1,131,554 | €1,284,208 | +€152,653 | +13.5% |
| Cash at bank and in hand | 54/58 | €3,619 | €787 | -€2,832 | -78.3% |
| Deferred charges and accrued income | 490/1 | €4,911 | €1,489 | -€3,422 | -69.7% |
| Total equity and liabilities | 10/49 | €2,066,194 | €2,172,559 | +€106,365 | +5.1% |
| Equity | 10/15 | €1,892,565 | €2,024,080 | +€131,515 | +6.9% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €1,252,834 | €1,384,349 | +€131,515 | +10.5% |
| Tax-exempt reserves | 132 | €471,520 | €526,250 | +€54,730 | +11.6% |
| Distributable reserves | 133 | €781,314 | €858,099 | +€76,785 | +9.8% |
| Profit (loss) carried forward | 14 | €389,731 | €389,731 | = | 0.0% |
| Provisions and deferred taxes | 16 | €26,600 | €26,600 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €26,600 | €26,600 | = | 0.0% |
| Other liabilities and charges | 164/5 | €26,600 | €26,600 | = | 0.0% |
| Amounts payable | 17/49 | €147,028 | €121,879 | -€25,149 | -17.1% |
| Amounts payable within one year | 42/48 | €144,346 | €116,685 | -€27,661 | -19.2% |
| Trade debts | 44 | €3,281 | €39,720 | +€36,440 | +1110.8% |
| Suppliers | 440/4 | €3,281 | €39,720 | +€36,440 | +1110.8% |
| Taxes, remuneration and social security | 45 | €63,034 | €25,933 | -€37,101 | -58.9% |
| Taxes | 450/3 | €43,374 | €21,964 | -€21,410 | -49.4% |
| Remuneration and social security | 454/9 | €19,660 | €3,969 | -€15,690 | -79.8% |
| Other amounts payable | 47/48 | €78,031 | €51,031 | -€27,000 | -34.6% |
| Accrued charges and deferred income | 492/3 | €2,682 | €5,194 | +€2,512 | +93.6% |
| Non-recurring operating income | 76A | €16,446 | - | -€16,446 | |
| Remuneration, social security and pensions | 62 | - | €15,866 | +€15,866 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,421 | €54,001 | -€5,420 | -9.1% |
| Other operating charges | 640/8 | €2,686 | €2,474 | -€211 | -7.9% |
| Gross operating margin | 9900 | €326,293 | €180,743 | -€145,551 | -44.6% |
| Operating profit (loss) | 9901 | €264,186 | €108,401 | -€155,785 | -59.0% |
| Financial income | 75/76B | €6,352 | €87,246 | +€80,894 | +1273.5% |
| Recurring financial income | 75 | €6,352 | €87,246 | +€80,894 | +1273.5% |
| Financial charges | 65/66B | €4,052 | €3,847 | -€205 | -5.1% |
| Recurring financial charges | 65 | €4,052 | €3,847 | -€205 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €266,486 | €191,800 | -€74,686 | -28.0% |
| Income taxes | 67/77 | €77,258 | €60,286 | -€16,972 | -22.0% |
| Profit (loss) for the period | 9904 | €189,229 | €131,515 | -€57,714 | -30.5% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €54,730 | -€50,520 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,979 | €76,785 | -€7,194 | -8.6% |
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 9 October 2026 via checked.be.