FRADA: 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.
FRADA
Largest movements
- Cash +€76,899
up €76,899 (+396.3%), from €19,403 to €96,301
mainly Current investments (+€70,000) and Depreciation (+€16,840)
- Current investments -€70,000
down €70,000 (-100.0%), from €70,000 to €0
- Tangible fixed assets -€16,840
down €16,840 (-73.4%), from €22,949 to €6,109
of which Furniture and vehicles: -€16,840
- Receivables within one year -€13,457
down €13,457 (-28.6%), from €47,000 to €33,543
of which Trade receivables: -€14,000
- Profit (loss) carried forward -€25,647
new in 2025: -€25,647
- Trade debts +€2,185
up €2,185 (+848.0%), from €258 to €2,443
- Gross operating margin -€71,416
down €71,416, from €61,114 to -€10,303
- Taxes -€9,024
down €9,024 (-98.6%), from €9,156 to €132
- Financial income +€1,670
up €1,670 (+288.0%), from €580 to €2,250
- Financial charges -€1,592
down €1,592 (-92.1%), from €1,728 to €136
- Other operating charges -€1,230
down €1,230 (-71.7%), from €1,716 to €486
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 | €159,352 | €135,953 | -€23,399 | -14.7% |
| Fixed assets | 21/28 | €22,949 | €6,109 | -€16,840 | -73.4% |
| Tangible fixed assets | 22/27 | €22,949 | €6,109 | -€16,840 | -73.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €22,949 | €6,109 | -€16,840 | -73.4% |
| Current assets | 29/58 | €136,403 | €129,844 | -€6,559 | -4.8% |
| Amounts receivable within one year | 40/41 | €47,000 | €33,543 | -€13,457 | -28.6% |
| Trade receivables | 40 | €47,000 | €33,000 | -€14,000 | -29.8% |
| Other amounts receivable | 41 | - | €543 | +€543 | |
| Current investments | 50/53 | €70,000 | €0 | -€70,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €19,403 | €96,301 | +€76,899 | +396.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €159,352 | €135,953 | -€23,399 | -14.7% |
| Equity | 10/15 | €151,953 | €126,306 | -€25,647 | -16.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €145,753 | €145,753 | = | 0.0% |
| Distributable reserves | 133 | €145,753 | €145,753 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€25,647 | -€25,647 | |
| Amounts payable | 17/49 | €7,399 | €9,647 | +€2,248 | +30.4% |
| Amounts payable within one year | 42/48 | €7,399 | €9,647 | +€2,248 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €258 | €2,443 | +€2,185 | +848.0% |
| Suppliers | 440/4 | €258 | €2,443 | +€2,185 | +848.0% |
| Taxes, remuneration and social security | 45 | €7,016 | €7,016 | = | 0.0% |
| Taxes | 450/3 | €7,016 | €7,016 | = | 0.0% |
| Other amounts payable | 47/48 | €125 | €188 | +€63 | +50.5% |
| Non-recurring operating income | 76A | €30,000 | €0 | -€30,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,445 | €16,840 | +€395 | +2.4% |
| Other operating charges | 640/8 | €1,716 | €486 | -€1,230 | -71.7% |
| Non-recurring operating charges | 66A | €9,904 | €0 | -€9,904 | -100.0% |
| Gross operating margin | 9900 | €61,114 | -€10,303 | -€71,416 | |
| Operating profit (loss) | 9901 | €33,048 | -€27,628 | -€60,676 | |
| Financial income | 75/76B | €580 | €2,250 | +€1,670 | +288.0% |
| Recurring financial income | 75 | €580 | €2,250 | +€1,670 | +288.0% |
| Financial charges | 65/66B | €1,728 | €136 | -€1,592 | -92.1% |
| Recurring financial charges | 65 | €1,728 | €136 | -€1,592 | -92.1% |
| Profit (loss) for the period before taxes | 9903 | €31,900 | -€25,515 | -€57,414 | |
| Income taxes | 67/77 | €9,156 | €132 | -€9,024 | -98.6% |
| Profit (loss) for the period | 9904 | €22,743 | -€25,647 | -€48,390 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,743 | -€25,647 | -€48,390 |
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 9 October 2026 via checked.be.