FRABRI: 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.
FRABRI
Largest movements
- Receivables within one year -€68,718
down €68,718 (-19.3%), from €355,537 to €286,818
of which Trade receivables: -€69,914
- Tangible fixed assets -€67,070
down €67,070 (-9.3%), from €718,321 to €651,250
of which Land and buildings: -€51,369
- Cash +€57,499
up €57,499 (+162.8%), from €35,323 to €92,822
mainly Net result for the year (+€315,000) and Other debts (+€166,861)
- Receivables after one year -€34,038
down €34,038 (-62.2%), from €54,732 to €20,695
- Stocks and contracts +€15,623
up €15,623 (+4.8%), from €323,518 to €339,140
- Trade debts -€455,581
down €455,581 (-77.0%), from €591,801 to €136,220
- Reserves +€315,000
up €315,000 (+72.7%), from €433,004 to €748,004
- Other debts +€166,861
up €166,861 (+320.0%), from €52,139 to €219,000
- Short-term financial debts -€72,883
no longer reported in 2025 (was €72,883)
- Debts after one year -€68,181
down €68,181 (-32.5%), from €209,482 to €141,301
of which Financial debts: -€66,658
- Write-downs -€140,589
down €140,589 (-89.3%), from €157,450 to €16,861
- Gross operating margin -€103,246
down €103,246 (-12.5%), from €823,844 to €720,598
- Staff costs +€60,836
up €60,836 (+25.3%), from €240,506 to €301,342
- Financial income +€32,850
up €32,850 (+1155.9%), from €2,842 to €35,692
- Financial charges -€17,325
down €17,325 (-55.5%), from €31,203 to €13,877
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 | €1,488,270 | €1,394,842 | -€93,428 | -6.3% |
| Fixed assets | 21/28 | €718,421 | €651,350 | -€67,070 | -9.3% |
| Tangible fixed assets | 22/27 | €718,321 | €651,250 | -€67,070 | -9.3% |
| Land and buildings | 22 | €382,459 | €331,090 | -€51,369 | -13.4% |
| Plant, machinery and equipment | 23 | €8,791 | €7,593 | -€1,197 | -13.6% |
| Furniture and vehicles | 24 | €327,071 | €312,567 | -€14,504 | -4.4% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €769,849 | €743,492 | -€26,358 | -3.4% |
| Amounts receivable after more than one year | 29 | €54,732 | €20,695 | -€34,038 | -62.2% |
| Other amounts receivable | 291 | €54,732 | €20,695 | -€34,038 | -62.2% |
| Stocks and contracts in progress | 3 | €323,518 | €339,140 | +€15,623 | +4.8% |
| Stocks | 30/36 | €323,518 | €339,140 | +€15,623 | +4.8% |
| Amounts receivable within one year | 40/41 | €355,537 | €286,818 | -€68,718 | -19.3% |
| Trade receivables | 40 | €319,194 | €249,281 | -€69,914 | -21.9% |
| Other amounts receivable | 41 | €36,342 | €37,537 | +€1,195 | +3.3% |
| Cash at bank and in hand | 54/58 | €35,323 | €92,822 | +€57,499 | +162.8% |
| Deferred charges and accrued income | 490/1 | €740 | €4,017 | +€3,277 | +443.0% |
| Total equity and liabilities | 10/49 | €1,488,270 | €1,394,842 | -€93,428 | -6.3% |
| Equity | 10/15 | €451,554 | €766,554 | +€315,000 | +69.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €433,004 | €748,004 | +€315,000 | +72.7% |
| Distributable reserves | 133 | €433,004 | €748,004 | +€315,000 | +72.7% |
| Amounts payable | 17/49 | €1,036,716 | €628,288 | -€408,428 | -39.4% |
| Amounts payable after more than one year | 17 | €209,482 | €141,301 | -€68,181 | -32.5% |
| Financial debts | 170/4 | €207,959 | €141,301 | -€66,658 | -32.1% |
| Other amounts payable | 178/9 | €1,523 | - | -€1,523 | |
| Amounts payable within one year | 42/48 | €826,828 | €479,091 | -€347,737 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €81,562 | €68,181 | -€13,381 | -16.4% |
| Financial debts | 43 | €72,883 | - | -€72,883 | |
| Credit institutions | 430/8 | €72,883 | - | -€72,883 | |
| Trade debts | 44 | €591,801 | €136,220 | -€455,581 | -77.0% |
| Suppliers | 440/4 | €591,801 | €136,220 | -€455,581 | -77.0% |
| Advances received on contracts in progress | 46 | - | €1,480 | +€1,480 | |
| Taxes, remuneration and social security | 45 | €28,442 | €54,210 | +€25,768 | +90.6% |
| Taxes | 450/3 | €4,698 | €23,511 | +€18,813 | +400.5% |
| Remuneration and social security | 454/9 | €23,745 | €30,699 | +€6,954 | +29.3% |
| Other amounts payable | 47/48 | €52,139 | €219,000 | +€166,861 | +320.0% |
| Accrued charges and deferred income | 492/3 | €406 | €7,896 | +€7,489 | +1843.1% |
| Remuneration, social security and pensions | 62 | €240,506 | €301,342 | +€60,836 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,622 | €106,979 | +€14,357 | +15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €157,450 | €16,861 | -€140,589 | -89.3% |
| Other operating charges | 640/8 | €5,507 | €2,051 | -€3,456 | -62.8% |
| Non-recurring operating charges | 66A | €7,000 | - | -€7,000 | |
| Gross operating margin | 9900 | €823,844 | €720,598 | -€103,246 | -12.5% |
| Operating profit (loss) | 9901 | €320,759 | €293,366 | -€27,394 | -8.5% |
| Financial income | 75/76B | €2,842 | €35,692 | +€32,850 | +1155.9% |
| Recurring financial income | 75 | €2,842 | €35,692 | +€32,850 | +1155.9% |
| Financial charges | 65/66B | €31,203 | €13,877 | -€17,325 | -55.5% |
| Recurring financial charges | 65 | €31,203 | €13,877 | -€17,325 | -55.5% |
| Profit (loss) for the period before taxes | 9903 | €292,399 | €315,181 | +€22,782 | +7.8% |
| Income taxes | 67/77 | €229 | €181 | -€49 | -21.3% |
| Profit (loss) for the period | 9904 | €292,169 | €315,000 | +€22,831 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €292,169 | €315,000 | +€22,831 | +7.8% |
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 3 October 2026 via checked.be.