FRABUJA: 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.
FRABUJA
Largest movements
- Receivables within one year -€96,843
down €96,843 (-17.8%), from €545,336 to €448,493
of which Trade receivables: -€66,184
- Cash +€21,405
new in 2025: €21,405
mainly Other debts (+€425,703) and Net result for the year (+€148,113)
- Tangible fixed assets -€13,114
down €13,114 (-11.7%), from €111,696 to €98,581
of which Land and buildings: -€8,987
- Other debts +€425,703
up €425,703 (+995.8%), from €42,750 to €468,453
- Reserves -€237,000
down €237,000 (-30.9%), from €768,229 to €531,229
of which Distributable reserves: -€237,000
- Tax, wage and social debts -€150,884
down €150,884 (-72.0%), from €209,659 to €58,775
- Profit (loss) carried forward -€107,616
no longer reported in 2025 (was €107,616)
- Gross operating margin -€61,261
down €61,261 (-24.0%), from €254,996 to €193,736
- Taxes -€11,914
down €11,914 (-14.3%), from €83,408 to €71,494
- Financial charges -€11,262
down €11,262 (-77.0%), from €14,618 to €3,356
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 | €1,233,719 | €1,142,495 | -€91,224 | -7.4% |
| Fixed assets | 21/28 | €111,869 | €98,755 | -€13,114 | -11.7% |
| Tangible fixed assets | 22/27 | €111,696 | €98,581 | -€13,114 | -11.7% |
| Land and buildings | 22 | €77,962 | €68,976 | -€8,987 | -11.5% |
| Plant, machinery and equipment | 23 | €29,000 | €25,960 | -€3,040 | -10.5% |
| Furniture and vehicles | 24 | €3,414 | €2,381 | -€1,033 | -30.3% |
| Other tangible fixed assets | 26 | €1,319 | €1,265 | -€54 | -4.1% |
| Financial fixed assets | 28 | €174 | €174 | = | 0.0% |
| Current assets | 29/58 | €1,121,850 | €1,043,740 | -€78,110 | -7.0% |
| Amounts receivable after more than one year | 29 | €568,700 | €568,700 | = | 0.0% |
| Other amounts receivable | 291 | €568,700 | €568,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €545,336 | €448,493 | -€96,843 | -17.8% |
| Trade receivables | 40 | €66,184 | - | -€66,184 | |
| Other amounts receivable | 41 | €479,152 | €448,493 | -€30,659 | -6.4% |
| Cash at bank and in hand | 54/58 | - | €21,405 | +€21,405 | |
| Deferred charges and accrued income | 490/1 | €7,814 | €5,142 | -€2,672 | -34.2% |
| Total equity and liabilities | 10/49 | €1,233,719 | €1,142,495 | -€91,224 | -7.4% |
| Equity | 10/15 | €906,831 | €562,215 | -€344,616 | -38.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €768,229 | €531,229 | -€237,000 | -30.9% |
| Non-distributable reserves | 130/1 | €21,729 | €21,729 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,729 | €21,729 | = | 0.0% |
| Distributable reserves | 133 | €746,500 | €509,500 | -€237,000 | -31.7% |
| Profit (loss) carried forward | 14 | €107,616 | - | -€107,616 | |
| Amounts payable | 17/49 | €326,888 | €580,279 | +€253,391 | +77.5% |
| Amounts payable after more than one year | 17 | €4,628 | - | -€4,628 | |
| Financial debts | 170/4 | €4,628 | - | -€4,628 | |
| Amounts payable within one year | 42/48 | €322,079 | €580,222 | +€258,142 | +80.1% |
| Current portion of amounts payable after more than one year | 42 | €53,845 | €42,764 | -€11,081 | -20.6% |
| Financial debts | 43 | €4,593 | - | -€4,593 | |
| Credit institutions | 430/8 | €4,593 | - | -€4,593 | |
| Trade debts | 44 | €11,232 | €10,230 | -€1,003 | -8.9% |
| Suppliers | 440/4 | €11,232 | €10,230 | -€1,003 | -8.9% |
| Taxes, remuneration and social security | 45 | €209,659 | €58,775 | -€150,884 | -72.0% |
| Taxes | 450/3 | €209,659 | €58,775 | -€150,884 | -72.0% |
| Other amounts payable | 47/48 | €42,750 | €468,453 | +€425,703 | +995.8% |
| Accrued charges and deferred income | 492/3 | €181 | €58 | -€123 | -68.1% |
| Non-recurring operating income | 76A | - | €40 | +€40 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,900 | €13,114 | -€786 | -5.7% |
| Other operating charges | 640/8 | €2,816 | €3,127 | +€311 | +11.0% |
| Non-recurring operating charges | 66A | €8,342 | - | -€8,342 | |
| Gross operating margin | 9900 | €254,996 | €193,736 | -€61,261 | -24.0% |
| Operating profit (loss) | 9901 | €229,938 | €177,494 | -€52,444 | -22.8% |
| Financial income | 75/76B | €43,086 | €45,468 | +€2,382 | +5.5% |
| Recurring financial income | 75 | €43,086 | €45,468 | +€2,382 | +5.5% |
| Financial charges | 65/66B | €14,618 | €3,356 | -€11,262 | -77.0% |
| Recurring financial charges | 65 | €14,618 | €3,356 | -€11,262 | -77.0% |
| Profit (loss) for the period before taxes | 9903 | €258,406 | €219,606 | -€38,800 | -15.0% |
| Income taxes | 67/77 | €83,408 | €71,494 | -€11,914 | -14.3% |
| Profit (loss) for the period | 9904 | €174,998 | €148,113 | -€26,886 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €174,998 | €148,113 | -€26,886 | -15.4% |
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 7 October 2026 via checked.be.