FRACHA: 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.
FRACHA
Largest movements
- Tangible fixed assets +€643,986
up €643,986 (+168%), from €383,527 to €1.0m
of which Land and buildings: +€337,151
- Receivables within one year +€99,857
up €99,857 (+132%), from €75,677 to €175,533
of which Trade receivables: +€54,233
- Cash +€56,405
up €56,405 (+35.1%), from €160,652 to €217,057
mainly Debts after one year (+€581,750) and Trade debts (+€200,206)
- Debts after one year +€581,750
up €581,750, from €0 to €581,750
- Trade debts +€200,206
up €200,206 (+266%), from €75,324 to €275,530
- Reserves -€58,851
down €58,851 (-14.5%), from €404,987 to €346,136
of which Distributable reserves: -€55,851
- Current portion of long-term debt +€44,500
up €44,500 (+98.9%), from €45,000 to €89,500
- Other debts +€35,088
up €35,088 (+16.3%), from €214,811 to €249,899
- Staff costs +€205,326
up €205,326 (+221%), from €92,904 to €298,229
- Gross operating margin +€203,050
up €203,050 (+72.8%), from €278,884 to €481,933
- Other operating charges +€44,850
up €44,850 (+524%), from €8,563 to €53,413
- Depreciation +€41,348
up €41,348 (+39.5%), from €104,718 to €146,066
- Taxes -€14,666
no longer reported in 2025 (was €14,666)
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 | €799,369 | €1,613,690 | +€814,321 | +102% |
| Fixed assets | 21/28 | €383,527 | €1,027,649 | +€644,121 | +168% |
| Tangible fixed assets | 22/27 | €383,527 | €1,027,514 | +€643,986 | +168% |
| Land and buildings | 22 | €134,800 | €471,951 | +€337,151 | +250% |
| Plant, machinery and equipment | 23 | €220,094 | €394,841 | +€174,747 | +79.4% |
| Furniture and vehicles | 24 | €28,633 | €160,722 | +€132,088 | +461% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €415,842 | €586,041 | +€170,200 | +40.9% |
| Stocks and contracts in progress | 3 | €156,160 | €165,120 | +€8,960 | +5.7% |
| Stocks | 30/36 | €156,160 | €165,120 | +€8,960 | +5.7% |
| Amounts receivable within one year | 40/41 | €75,677 | €175,533 | +€99,857 | +132% |
| Trade receivables | 40 | €56,494 | €110,728 | +€54,233 | +96.0% |
| Other amounts receivable | 41 | €19,182 | €64,806 | +€45,623 | +238% |
| Current investments | 50/53 | €21,215 | €21,215 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €160,652 | €217,057 | +€56,405 | +35.1% |
| Deferred charges and accrued income | 490/1 | €2,137 | €7,116 | +€4,979 | +233% |
| Total equity and liabilities | 10/49 | €799,369 | €1,613,690 | +€814,321 | +102% |
| Equity | 10/15 | €460,729 | €393,629 | -€67,100 | -14.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €404,987 | €346,136 | -€58,851 | -14.5% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Reserves not available under the articles | 1311 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | €401,987 | €346,136 | -€55,851 | -13.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €25,742 | €17,493 | -€8,249 | -32.0% |
| Provisions and deferred taxes | 16 | €2,036 | €1,261 | -€775 | -38.1% |
| Deferred taxes | 168 | €2,036 | €1,261 | -€775 | -38.1% |
| Amounts payable | 17/49 | €336,604 | €1,218,800 | +€882,196 | +262% |
| Amounts payable after more than one year | 17 | €0 | €581,750 | +€581,750 | |
| Financial debts | 170/4 | €0 | €581,750 | +€581,750 | |
| Amounts payable within one year | 42/48 | €336,604 | €635,976 | +€299,372 | +88.9% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | €89,500 | +€44,500 | +98.9% |
| Trade debts | 44 | €75,324 | €275,530 | +€200,206 | +266% |
| Suppliers | 440/4 | €75,324 | €275,530 | +€200,206 | +266% |
| Taxes, remuneration and social security | 45 | €1,469 | €21,047 | +€19,578 | +1,333% |
| Taxes | 450/3 | €584 | - | -€584 | |
| Remuneration and social security | 454/9 | €885 | €21,047 | +€20,162 | +2,279% |
| Other amounts payable | 47/48 | €214,811 | €249,899 | +€35,088 | +16.3% |
| Accrued charges and deferred income | 492/3 | - | €1,074 | +€1,074 | |
| Remuneration, social security and pensions | 62 | €92,904 | €298,229 | +€205,326 | +221% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,718 | €146,066 | +€41,348 | +39.5% |
| Other operating charges | 640/8 | €8,563 | €53,413 | +€44,850 | +524% |
| Gross operating margin | 9900 | €278,884 | €481,933 | +€203,050 | +72.8% |
| Operating profit (loss) | 9901 | €72,699 | -€15,774 | -€88,473 | |
| Financial income | 75/76B | €12,004 | €8,956 | -€3,048 | -25.4% |
| Recurring financial income | 75 | €12,004 | €8,956 | -€3,048 | -25.4% |
| Financial charges | 65/66B | €5,690 | €11,398 | +€5,708 | +100% |
| Recurring financial charges | 65 | €5,690 | €11,398 | +€5,708 | +100% |
| Profit (loss) for the period before taxes | 9903 | €79,013 | -€18,217 | -€97,230 | |
| Transfer from deferred taxes | 780 | €775 | €775 | = | 0.0% |
| Income taxes | 67/77 | €14,666 | - | -€14,666 | |
| Profit (loss) for the period | 9904 | €65,122 | -€17,442 | -€82,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,122 | -€17,442 | -€82,564 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.