FRABENCO: 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.
FRABENCO
Largest movements
- Financial fixed assets -€203,927
down €203,927 (-98.8%), from €206,427 to €2,500
- Tangible fixed assets +€114,101
up €114,101 (+961%), from €11,873 to €125,974
of which Furniture and vehicles: +€91,222
- Current investments +€100,000
new in 2025: €100,000
- Receivables after one year +€30,720
new in 2025: €30,720
- Cash +€17,857
up €17,857 (+209%), from €8,557 to €26,414
mainly Net result for the year (+€110,945) and Investment in fixed assets (net) (+€86,260)
- Reserves +€110,945
up €110,945 (+115%), from €96,105 to €207,050
- Debts after one year -€48,312
down €48,312 (-59.3%), from €81,476 to €33,164
- Other debts -€17,854
down €17,854 (-92.7%), from €19,254 to €1,400
- Tax, wage and social debts +€15,250
up €15,250 (+138%), from €11,022 to €26,271
- Financial income +€141,860
up €141,860 (+466%), from €30,467 to €172,327
- Taxes +€43,070
up €43,070 (+444%), from €9,708 to €52,779
- Gross operating margin +€9,728
up €9,728 (+249%), from €3,908 to €13,636
- Other operating charges +€5,662
up €5,662 (+370%), from €1,528 to €7,190
- Depreciation -€5,505
down €5,505 (-60.7%), from €9,070 to €3,565
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.
Derived cash bridge
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 | €230,412 | €290,472 | +€60,059 | +26.1% |
| Fixed assets | 21/28 | €218,299 | €128,474 | -€89,825 | -41.1% |
| Tangible fixed assets | 22/27 | €11,873 | €125,974 | +€114,101 | +961% |
| Land and buildings | 22 | - | €23,459 | +€23,459 | |
| Plant, machinery and equipment | 23 | €1,560 | €981 | -€579 | -37.1% |
| Furniture and vehicles | 24 | €10,313 | €101,535 | +€91,222 | +885% |
| Financial fixed assets | 28 | €206,427 | €2,500 | -€203,927 | -98.8% |
| Current assets | 29/58 | €12,113 | €161,998 | +€149,884 | +1,237% |
| Amounts receivable after more than one year | 29 | - | €30,720 | +€30,720 | |
| Other amounts receivable | 291 | - | €30,720 | +€30,720 | |
| Amounts receivable within one year | 40/41 | €1,856 | €1,856 | = | 0.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,856 | €1,856 | = | 0.0% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €8,557 | €26,414 | +€17,857 | +209% |
| Deferred charges and accrued income | 490/1 | €1,700 | €3,008 | +€1,308 | +76.9% |
| Total equity and liabilities | 10/49 | €230,412 | €290,472 | +€60,059 | +26.1% |
| Equity | 10/15 | €102,305 | €213,250 | +€110,945 | +108% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,105 | €207,050 | +€110,945 | +115% |
| Distributable reserves | 133 | €96,105 | €207,050 | +€110,945 | +115% |
| Amounts payable | 17/49 | €128,108 | €77,221 | -€50,886 | -39.7% |
| Amounts payable after more than one year | 17 | €81,476 | €33,164 | -€48,312 | -59.3% |
| Financial debts | 170/4 | €81,476 | €33,164 | -€48,312 | -59.3% |
| Amounts payable within one year | 42/48 | €46,632 | €44,058 | -€2,574 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €14,351 | €13,436 | -€915 | -6.4% |
| Trade debts | 44 | €2,005 | €2,950 | +€945 | +47.1% |
| Suppliers | 440/4 | €2,005 | €2,950 | +€945 | +47.1% |
| Taxes, remuneration and social security | 45 | €11,022 | €26,271 | +€15,250 | +138% |
| Taxes | 450/3 | €11,022 | €26,271 | +€15,250 | +138% |
| Other amounts payable | 47/48 | €19,254 | €1,400 | -€17,854 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,070 | €3,565 | -€5,505 | -60.7% |
| Other operating charges | 640/8 | €1,528 | €7,190 | +€5,662 | +370% |
| Non-recurring operating charges | 66A | €0 | €6,569 | +€6,569 | |
| Gross operating margin | 9900 | €3,908 | €13,636 | +€9,728 | +249% |
| Operating profit (loss) | 9901 | -€6,690 | -€3,687 | +€3,003 | +44.9% |
| Financial income | 75/76B | €30,467 | €172,327 | +€141,860 | +466% |
| Recurring financial income | 75 | €30,467 | €172,327 | +€141,860 | +466% |
| Financial charges | 65/66B | €4,220 | €4,915 | +€695 | +16.5% |
| Recurring financial charges | 65 | €4,220 | €4,915 | +€695 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €19,557 | €163,724 | +€144,167 | +737% |
| Income taxes | 67/77 | €9,708 | €52,779 | +€43,070 | +444% |
| Profit (loss) for the period | 9904 | €9,848 | €110,945 | +€101,097 | +1,027% |
| Profit (loss) for the period to be appropriated | 9905 | €9,848 | €110,945 | +€101,097 | +1,027% |
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 17 October 2026 via checked.be.