FRACA: 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.
FRACA
Largest movements
- Deferred charges and accrued income +€31,676
up €31,676 (+211.2%), from €15,000 to €46,676
- Tangible fixed assets -€24,433
down €24,433 (-2.7%), from €904,989 to €880,556
- Receivables within one year +€19,008
up €19,008 (+158.0%), from €12,032 to €31,040
of which Trade receivables: +€25,132
- Reserves +€44,501
up €44,501 (+7.8%), from €569,217 to €613,719
of which Distributable reserves: +€44,501
- Other debts -€15,000
down €15,000 (-13.0%), from €115,000 to €100,000
- Financial income -€80,826
down €80,826 (-98.7%), from €81,852 to €1,025
- Gross operating margin -€67,204
down €67,204 (-23.2%), from €289,446 to €222,241
- Taxes -€15,197
down €15,197 (-50.6%), from €30,031 to €14,834
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 | €992,050 | €1,009,637 | +€17,586 | +1.8% |
| Fixed assets | 21/28 | €904,989 | €880,556 | -€24,433 | -2.7% |
| Tangible fixed assets | 22/27 | €904,989 | €880,556 | -€24,433 | -2.7% |
| Land and buildings | 22 | €904,989 | €880,556 | -€24,433 | -2.7% |
| Current assets | 29/58 | €87,061 | €129,081 | +€42,020 | +48.3% |
| Amounts receivable within one year | 40/41 | €12,032 | €31,040 | +€19,008 | +158.0% |
| Trade receivables | 40 | €5,442 | €30,575 | +€25,132 | +461.8% |
| Other amounts receivable | 41 | €6,590 | €466 | -€6,124 | -92.9% |
| Current investments | 50/53 | €6,000 | €0 | -€6,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €54,029 | €51,364 | -€2,665 | -4.9% |
| Deferred charges and accrued income | 490/1 | €15,000 | €46,676 | +€31,676 | +211.2% |
| Total equity and liabilities | 10/49 | €992,050 | €1,009,637 | +€17,586 | +1.8% |
| Equity | 10/15 | €856,655 | €901,156 | +€44,501 | +5.2% |
| Contributions | 10/11 | €250,375 | €250,375 | = | 0.0% |
| Capital | 10 | €250,375 | €250,375 | = | 0.0% |
| Issued capital | 100 | €250,375 | €250,375 | = | 0.0% |
| Revaluation surpluses | 12 | €37,062 | €37,062 | = | 0.0% |
| Reserves | 13 | €569,217 | €613,719 | +€44,501 | +7.8% |
| Non-distributable reserves | 130/1 | €25,038 | €25,038 | = | 0.0% |
| Legal reserve | 130 | €25,038 | €25,038 | = | 0.0% |
| Distributable reserves | 133 | €544,180 | €588,681 | +€44,501 | +8.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €135,396 | €108,481 | -€26,915 | -19.9% |
| Amounts payable within one year | 42/48 | €126,239 | €107,335 | -€18,904 | -15.0% |
| Trade debts | 44 | €8,819 | €7,168 | -€1,651 | -18.7% |
| Suppliers | 440/4 | €8,819 | €7,168 | -€1,651 | -18.7% |
| Taxes, remuneration and social security | 45 | €2,420 | €167 | -€2,253 | -93.1% |
| Taxes | 450/3 | €2,420 | €167 | -€2,253 | -93.1% |
| Other amounts payable | 47/48 | €115,000 | €100,000 | -€15,000 | -13.0% |
| Accrued charges and deferred income | 492/3 | €9,157 | €1,146 | -€8,011 | -87.5% |
| Non-recurring operating income | 76A | €45,780 | €0 | -€45,780 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,168 | €24,433 | -€734 | -2.9% |
| Other operating charges | 640/8 | €37,943 | €39,131 | +€1,189 | +3.1% |
| Gross operating margin | 9900 | €289,446 | €222,241 | -€67,204 | -23.2% |
| Operating profit (loss) | 9901 | €226,335 | €158,677 | -€67,659 | -29.9% |
| Financial income | 75/76B | €81,852 | €1,025 | -€80,826 | -98.7% |
| Recurring financial income | 75 | €81,852 | €1,025 | -€80,826 | -98.7% |
| Financial charges | 65/66B | €351 | €367 | +€15 | +4.4% |
| Recurring financial charges | 65 | €351 | €367 | +€15 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €307,836 | €159,335 | -€148,501 | -48.2% |
| Transfer from deferred taxes | 780 | €22 | €0 | -€22 | -100.0% |
| Income taxes | 67/77 | €30,031 | €14,834 | -€15,197 | -50.6% |
| Profit (loss) for the period | 9904 | €277,827 | €144,501 | -€133,326 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €277,827 | €144,501 | -€133,326 | -48.0% |
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 10 October 2026 via checked.be.