FRACECO: 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.
What changed
FRACECO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€50,707
2024 · -€76,494+€25,787
Equity
€2.5m
2024 · €2.5m-€50,707
Cash
€216,133
2024 · €43,450+€172,683
Balance sheet total
€6.2m
2024 · €6.1m+€178,752
Largest movements
Assets
- Cash +€172,683
up €172,683 (+397%), from €43,450 to €216,133
mainly Other debts (+€153,467) and Accrued charges and deferred income (+€54,513)
Equity and liabilities
- Other debts +€153,467
up €153,467 (+5.1%), from €3.0m to €3.2m
Income statement
- Financial charges +€45,073
up €45,073 (+101%), from €44,470 to €89,544
- Gross operating margin +€37,433
up €37,433, from -€11,428 to €26,005
- Financial income +€33,151
up €33,151 (+76.2%), from €43,486 to €76,637
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.
Result 2024
-€76,494
Gross operating margin
+€37,433
Other operating charges
+€247
Financial income
+€33,151
Financial charges
-€45,073
Taxes
+€29
Result 2025
-€50,707
raises the resultlowers the result
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.
From operations
+€229,302
Investment
-€56,619
Financing
€0
Cash 2024
€43,450
From operations (derived)
+€229,302
Net result for the year
-€50,707
Depreciation
+€52,729
Receivables within one year
-€3,910
Deferred charges and accrued income
+€1,730
Trade debts
-€1,883
Tax, wage and social debts
+€23,363
Other debts
+€153,467
Accrued charges and deferred income
+€54,513
Investment (derived)
-€56,619
Current investments
-€56,619
Cash 2025
€216,133
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,055,306 | €6,234,058 | +€178,752 | +3.0% |
| Fixed assets | 21/28 | €4,561,717 | €4,508,987 | -€52,729 | -1.2% |
| Tangible fixed assets | 22/27 | €4,561,717 | €4,508,987 | -€52,729 | -1.2% |
| Land and buildings | 22 | €4,558,692 | €4,507,686 | -€51,005 | -1.1% |
| Plant, machinery and equipment | 23 | €3,025 | €1,301 | -€1,724 | -57.0% |
| Current assets | 29/58 | €1,493,589 | €1,725,071 | +€231,482 | +15.5% |
| Amounts receivable within one year | 40/41 | €7,571 | €11,481 | +€3,910 | +51.6% |
| Trade receivables | 40 | €1,223 | €2,799 | +€1,576 | +129% |
| Other amounts receivable | 41 | €6,348 | €8,682 | +€2,334 | +36.8% |
| Current investments | 50/53 | €1,438,162 | €1,494,781 | +€56,619 | +3.9% |
| Cash at bank and in hand | 54/58 | €43,450 | €216,133 | +€172,683 | +397% |
| Deferred charges and accrued income | 490/1 | €4,406 | €2,676 | -€1,730 | -39.3% |
| Total equity and liabilities | 10/49 | €6,055,306 | €6,234,058 | +€178,752 | +3.0% |
| Equity | 10/15 | €2,549,750 | €2,499,043 | -€50,707 | -2.0% |
| Contributions | 10/11 | €1,547,563 | €1,547,563 | = | 0.0% |
| Reserves | 13 | €1,547,487 | €1,547,487 | = | 0.0% |
| Non-distributable reserves | 130/1 | €163,042 | €163,042 | = | 0.0% |
| Reserves not available under the articles | 1311 | €163,042 | €163,042 | = | 0.0% |
| Distributable reserves | 133 | €1,384,445 | €1,384,445 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€545,300 | -€596,006 | -€50,707 | -9.3% |
| Amounts payable | 17/49 | €3,505,556 | €3,735,015 | +€229,459 | +6.5% |
| Amounts payable within one year | 42/48 | €3,153,284 | €3,328,231 | +€174,947 | +5.5% |
| Trade debts | 44 | €2,227 | €344 | -€1,883 | -84.6% |
| Suppliers | 440/4 | €2,227 | €344 | -€1,883 | -84.6% |
| Taxes, remuneration and social security | 45 | €150,973 | €174,336 | +€23,363 | +15.5% |
| Taxes | 450/3 | €150,973 | €174,336 | +€23,363 | +15.5% |
| Other amounts payable | 47/48 | €3,000,084 | €3,153,551 | +€153,467 | +5.1% |
| Accrued charges and deferred income | 492/3 | €352,271 | €406,784 | +€54,513 | +15.5% |
| Non-recurring operating income | 76A | €11,755 | €7,546 | -€4,209 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,729 | €52,729 | = | 0.0% |
| Other operating charges | 640/8 | €9,385 | €9,138 | -€247 | -2.6% |
| Gross operating margin | 9900 | -€11,428 | €26,005 | +€37,433 | |
| Operating profit (loss) | 9901 | -€73,543 | -€35,862 | +€37,680 | +51.2% |
| Financial income | 75/76B | €43,486 | €76,637 | +€33,151 | +76.2% |
| Recurring financial income | 75 | €43,486 | €76,637 | +€33,151 | +76.2% |
| Financial charges | 65/66B | €44,470 | €89,544 | +€45,073 | +101% |
| Recurring financial charges | 65 | €44,470 | €89,544 | +€45,073 | +101% |
| Profit (loss) for the period before taxes | 9903 | -€74,527 | -€48,769 | +€25,758 | +34.6% |
| Income taxes | 67/77 | €1,967 | €1,938 | -€29 | -1.5% |
| Profit (loss) for the period | 9904 | -€76,494 | -€50,707 | +€25,787 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,494 | -€50,707 | +€25,787 | +33.7% |
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 18 October 2026 via checked.be.