Fradani: 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.
Fradani
Largest movements
- Receivables within one year +€64,544
up €64,544 (+2.4%), from €2.7m to €2.8m
of which Other amounts receivable: +€55,091
- Reserves +€99,455
up €99,455 (+2.2%), from €4.5m to €4.5m
of which Distributable reserves: +€99,455
- Gross operating margin -€115,723
down €115,723 (-71.4%), from €162,072 to €46,349
- Staff costs -€114,242
down €114,242, from €110,095 to -€4,147
- Financial income +€43,974
up €43,974 (+58.2%), from €75,544 to €119,518
- Taxes +€19,528
up €19,528 (+121%), from €16,103 to €35,631
- Other operating charges -€10,605
down €10,605 (-41.3%), from €25,684 to €15,079
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,568,264 | €4,630,838 | +€62,574 | +1.4% |
| Fixed assets | 21/28 | €174,329 | €166,668 | -€7,660 | -4.4% |
| Tangible fixed assets | 22/27 | €174,329 | €166,668 | -€7,660 | -4.4% |
| Land and buildings | 22 | €174,329 | €166,668 | -€7,660 | -4.4% |
| Current assets | 29/58 | €4,393,935 | €4,464,169 | +€70,234 | +1.6% |
| Amounts receivable within one year | 40/41 | €2,732,819 | €2,797,363 | +€64,544 | +2.4% |
| Trade receivables | 40 | €9,381 | €18,834 | +€9,453 | +101% |
| Other amounts receivable | 41 | €2,723,438 | €2,778,529 | +€55,091 | +2.0% |
| Current investments | 50/53 | €1,487,301 | €1,514,481 | +€27,180 | +1.8% |
| Cash at bank and in hand | 54/58 | €132,963 | €110,647 | -€22,316 | -16.8% |
| Deferred charges and accrued income | 490/1 | €40,852 | €41,678 | +€826 | +2.0% |
| Total equity and liabilities | 10/49 | €4,568,264 | €4,630,838 | +€62,574 | +1.4% |
| Equity | 10/15 | €4,512,504 | €4,611,959 | +€99,455 | +2.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €4,450,504 | €4,549,959 | +€99,455 | +2.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €4,444,304 | €4,543,759 | +€99,455 | +2.2% |
| Amounts payable | 17/49 | €55,760 | €18,878 | -€36,881 | -66.1% |
| Amounts payable within one year | 42/48 | €55,760 | €18,878 | -€36,881 | -66.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €15,136 | €3,596 | -€11,539 | -76.2% |
| Suppliers | 440/4 | €15,136 | €3,596 | -€11,539 | -76.2% |
| Taxes, remuneration and social security | 45 | €40,624 | €15,282 | -€25,342 | -62.4% |
| Taxes | 450/3 | €18,160 | €15,282 | -€2,878 | -15.8% |
| Remuneration and social security | 454/9 | €22,464 | €0 | -€22,464 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €413 | €1,500 | +€1,087 | +263% |
| Remuneration, social security and pensions | 62 | €110,095 | -€4,147 | -€114,242 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,660 | €7,660 | = | 0.0% |
| Other operating charges | 640/8 | €25,684 | €15,079 | -€10,605 | -41.3% |
| Gross operating margin | 9900 | €162,072 | €46,349 | -€115,723 | -71.4% |
| Operating profit (loss) | 9901 | €18,633 | €27,756 | +€9,123 | +49.0% |
| Financial income | 75/76B | €75,544 | €119,518 | +€43,974 | +58.2% |
| Recurring financial income | 75 | €75,544 | €119,518 | +€43,974 | +58.2% |
| Financial charges | 65/66B | €12,219 | €12,188 | -€30 | -0.2% |
| Recurring financial charges | 65 | €12,219 | €12,188 | -€30 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €81,958 | €135,086 | +€53,128 | +64.8% |
| Income taxes | 67/77 | €16,103 | €35,631 | +€19,528 | +121% |
| Profit (loss) for the period | 9904 | €65,855 | €99,455 | +€33,600 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,855 | €99,455 | +€33,600 | +51.0% |
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 20 October 2026 via checked.be.