FRABIBO: 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.
FRABIBO
Largest movements
- Financial fixed assets +€645,200
up €645,200 (+258080.0%), from €250 to €645,450
- Receivables after one year -€32,091
down €32,091 (-8.0%), from €401,812 to €369,721
- Cash +€27,002
up €27,002 (+13413.7%), from €201 to €27,203
mainly Debts after one year (+€605,000) and Net result for the year (+€50,940)
- Debts after one year +€605,000
up €605,000 (+1512.5%), from €40,000 to €645,000
- Reserves +€50,940
up €50,940 (+17.0%), from €299,189 to €350,129
- Gross operating margin +€17,222
up €17,222 (+22.4%), from €76,976 to €94,198
- Taxes +€8,789
up €8,789 (+37.7%), from €23,308 to €32,097
- Other operating charges +€4,700
up €4,700 (+139.9%), from €3,359 to €8,059
- Financial charges +€2,353
up €2,353 (+34.3%), from €6,851 to €9,204
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 | €462,435 | €1,122,303 | +€659,868 | +142.7% |
| Fixed assets | 21/28 | €8,213 | €652,886 | +€644,673 | +7849.6% |
| Tangible fixed assets | 22/27 | €7,963 | €7,436 | -€527 | -6.6% |
| Furniture and vehicles | 24 | €3,721 | €1,855 | -€1,866 | -50.1% |
| Other tangible fixed assets | 26 | €4,242 | €5,580 | +€1,338 | +31.6% |
| Financial fixed assets | 28 | €250 | €645,450 | +€645,200 | +258080.0% |
| Current assets | 29/58 | €454,223 | €469,418 | +€15,195 | +3.3% |
| Amounts receivable after more than one year | 29 | €401,812 | €369,721 | -€32,091 | -8.0% |
| Other amounts receivable | 291 | €401,812 | €369,721 | -€32,091 | -8.0% |
| Amounts receivable within one year | 40/41 | €36,158 | €46,456 | +€10,297 | +28.5% |
| Trade receivables | 40 | €18,755 | €22,083 | +€3,328 | +17.7% |
| Other amounts receivable | 41 | €17,403 | €24,373 | +€6,970 | +40.0% |
| Cash at bank and in hand | 54/58 | €201 | €27,203 | +€27,002 | +13413.7% |
| Deferred charges and accrued income | 490/1 | €16,051 | €26,038 | +€9,987 | +62.2% |
| Total equity and liabilities | 10/49 | €462,435 | €1,122,303 | +€659,868 | +142.7% |
| Equity | 10/15 | €359,114 | €410,054 | +€50,940 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €299,189 | €350,129 | +€50,940 | +17.0% |
| Distributable reserves | 133 | €299,189 | €350,129 | +€50,940 | +17.0% |
| Profit (loss) carried forward | 14 | €41,325 | €41,325 | = | 0.0% |
| Amounts payable | 17/49 | €103,321 | €712,249 | +€608,928 | +589.4% |
| Amounts payable after more than one year | 17 | €40,000 | €645,000 | +€605,000 | +1512.5% |
| Financial debts | 170/4 | €40,000 | €645,000 | +€605,000 | +1512.5% |
| Amounts payable within one year | 42/48 | €63,321 | €67,249 | +€3,928 | +6.2% |
| Financial debts | 43 | €4,254 | - | -€4,254 | |
| Credit institutions | 430/8 | €4,254 | - | -€4,254 | |
| Trade debts | 44 | €2,791 | €3,248 | +€457 | +16.4% |
| Suppliers | 440/4 | €2,791 | €3,248 | +€457 | +16.4% |
| Taxes, remuneration and social security | 45 | €55,157 | €62,462 | +€7,305 | +13.2% |
| Taxes | 450/3 | €55,157 | €62,462 | +€7,305 | +13.2% |
| Other amounts payable | 47/48 | €1,120 | €1,540 | +€420 | +37.5% |
| Non-recurring operating income | 76A | - | €19,008 | +€19,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,152 | €4,560 | +€408 | +9.8% |
| Other operating charges | 640/8 | €3,359 | €8,059 | +€4,700 | +139.9% |
| Gross operating margin | 9900 | €76,976 | €94,198 | +€17,222 | +22.4% |
| Operating profit (loss) | 9901 | €69,465 | €81,579 | +€12,113 | +17.4% |
| Financial income | 75/76B | €9,786 | €10,663 | +€877 | +9.0% |
| Recurring financial income | 75 | €9,786 | €10,663 | +€877 | +9.0% |
| Financial charges | 65/66B | €6,851 | €9,204 | +€2,353 | +34.3% |
| Recurring financial charges | 65 | €6,851 | €9,204 | +€2,353 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €72,400 | €83,037 | +€10,637 | +14.7% |
| Income taxes | 67/77 | €23,308 | €32,097 | +€8,789 | +37.7% |
| Profit (loss) for the period | 9904 | €49,092 | €50,940 | +€1,848 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,092 | €50,940 | +€1,848 | +3.8% |
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 5 October 2026 via checked.be.