FRAC: 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.
FRAC
Largest movements
- Cash +€112,478
up €112,478 (+586%), from €19,203 to €131,681
mainly Other debts (+€63,120) and Net result for the year (+€42,699)
- Tangible fixed assets -€18,641
down €18,641 (-4.6%), from €408,893 to €390,252
of which Land and buildings: -€19,165
- Receivables within one year -€11,971
no longer reported in 2025 (was €11,971)
of which Trade receivables: -€10,306
- Other debts +€63,120
up €63,120 (+201%), from €31,422 to €94,542
- Reserves +€41,869
up €41,869 (+182%), from €22,963 to €64,833
- Debts after one year -€28,899
down €28,899 (-8.8%), from €329,998 to €301,099
of which Financial debts: -€28,899
- Tax, wage and social debts +€9,527
up €9,527 (+157%), from €6,067 to €15,594
- Gross operating margin +€47,235
up €47,235 (+108%), from €43,709 to €90,944
- Taxes +€10,775
up €10,775 (+352%), from €3,065 to €13,840
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 | €442,003 | €523,033 | +€81,030 | +18.3% |
| Fixed assets | 21/28 | €408,893 | €390,252 | -€18,641 | -4.6% |
| Tangible fixed assets | 22/27 | €408,893 | €390,252 | -€18,641 | -4.6% |
| Land and buildings | 22 | €407,868 | €388,703 | -€19,165 | -4.7% |
| Furniture and vehicles | 24 | €1,025 | €1,549 | +€524 | +51.2% |
| Current assets | 29/58 | €33,110 | €132,781 | +€99,671 | +301% |
| Amounts receivable within one year | 40/41 | €11,971 | - | -€11,971 | |
| Trade receivables | 40 | €10,306 | - | -€10,306 | |
| Other amounts receivable | 41 | €1,665 | - | -€1,665 | |
| Cash at bank and in hand | 54/58 | €19,203 | €131,681 | +€112,478 | +586% |
| Deferred charges and accrued income | 490/1 | €1,936 | €1,100 | -€836 | -43.2% |
| Total equity and liabilities | 10/49 | €442,003 | €523,033 | +€81,030 | +18.3% |
| Equity | 10/15 | €42,847 | €84,717 | +€41,869 | +97.7% |
| Contributions | 10/11 | €19,884 | €19,884 | = | 0.0% |
| Reserves | 13 | €22,963 | €64,833 | +€41,869 | +182% |
| Distributable reserves | 133 | €22,963 | €64,833 | +€41,869 | +182% |
| Amounts payable | 17/49 | €399,155 | €438,316 | +€39,161 | +9.8% |
| Amounts payable after more than one year | 17 | €329,998 | €301,099 | -€28,899 | -8.8% |
| Financial debts | 170/4 | €287,998 | €259,099 | -€28,899 | -10.0% |
| Other amounts payable | 178/9 | €42,000 | €42,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €67,857 | €137,217 | +€69,360 | +102% |
| Current portion of amounts payable after more than one year | 42 | €29,505 | €26,991 | -€2,514 | -8.5% |
| Trade debts | 44 | €863 | €91 | -€773 | -89.5% |
| Suppliers | 440/4 | €863 | €91 | -€773 | -89.5% |
| Taxes, remuneration and social security | 45 | €6,067 | €15,594 | +€9,527 | +157% |
| Taxes | 450/3 | €6,067 | €15,594 | +€9,527 | +157% |
| Other amounts payable | 47/48 | €31,422 | €94,542 | +€63,120 | +201% |
| Accrued charges and deferred income | 492/3 | €1,300 | - | -€1,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,516 | €20,350 | +€834 | +4.3% |
| Other operating charges | 640/8 | €4,435 | €3,784 | -€651 | -14.7% |
| Gross operating margin | 9900 | €43,709 | €90,944 | +€47,235 | +108% |
| Operating profit (loss) | 9901 | €19,757 | €66,810 | +€47,052 | +238% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €9,521 | €10,270 | +€750 | +7.9% |
| Recurring financial charges | 65 | €9,521 | €10,270 | +€750 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €10,238 | €56,540 | +€46,302 | +452% |
| Income taxes | 67/77 | €3,065 | €13,840 | +€10,775 | +352% |
| Profit (loss) for the period | 9904 | €7,172 | €42,699 | +€35,527 | +495% |
| Profit (loss) for the period to be appropriated | 9905 | €7,172 | €42,699 | +€35,527 | +495% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.