FRADAU: 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.
FRADAU
Largest movements
- Tangible fixed assets -€121,599
down €121,599 (-16.0%), from €761,718 to €640,119
of which Plant, machinery and equipment: -€104,837
- Stocks and contracts +€15,755
up €15,755 (+10.9%), from €144,502 to €160,257
- Cash -€10,525
down €10,525 (-18.4%), from €57,049 to €46,525
mainly Net result for the year (-€87,153) and Debts after one year (-€54,500)
- Profit (loss) carried forward -€87,153
down €87,153 (-388.3%), from -€22,448 to -€109,601
- Debts after one year -€54,500
down €54,500 (-15.4%), from €354,637 to €300,137
- Trade debts +€54,347
up €54,347 (+17.8%), from €304,873 to €359,221
- Investment grants -€17,025
down €17,025 (-14.9%), from €113,925 to €96,900
- Gross operating margin -€145,882
down €145,882 (-39.7%), from €367,479 to €221,597
- Staff costs -€43,827
down €43,827 (-19.0%), from €230,833 to €187,005
- Financial charges -€5,206
down €5,206 (-19.5%), from €26,666 to €21,460
- Other operating charges +€3,981
up €3,981 (+1035.6%), from €384 to €4,366
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 | €982,527 | €871,910 | -€110,617 | -11.3% |
| Fixed assets | 21/28 | €762,168 | €640,569 | -€121,599 | -16.0% |
| Tangible fixed assets | 22/27 | €761,718 | €640,119 | -€121,599 | -16.0% |
| Plant, machinery and equipment | 23 | €724,608 | €619,771 | -€104,837 | -14.5% |
| Furniture and vehicles | 24 | €37,109 | €20,348 | -€16,761 | -45.2% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €220,359 | €231,341 | +€10,982 | +5.0% |
| Stocks and contracts in progress | 3 | €144,502 | €160,257 | +€15,755 | +10.9% |
| Stocks | 30/36 | €144,502 | €160,257 | +€15,755 | +10.9% |
| Amounts receivable within one year | 40/41 | €11,310 | €12,963 | +€1,653 | +14.6% |
| Trade receivables | 40 | €5,229 | €1,549 | -€3,680 | -70.4% |
| Other amounts receivable | 41 | €6,082 | €11,414 | +€5,333 | +87.7% |
| Cash at bank and in hand | 54/58 | €57,049 | €46,525 | -€10,525 | -18.4% |
| Deferred charges and accrued income | 490/1 | €7,498 | €11,596 | +€4,099 | +54.7% |
| Total equity and liabilities | 10/49 | €982,527 | €871,910 | -€110,617 | -11.3% |
| Equity | 10/15 | €153,477 | €49,299 | -€104,178 | -67.9% |
| 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% |
| Profit (loss) carried forward | 14 | -€22,448 | -€109,601 | -€87,153 | -388.3% |
| Investment grants | 15 | €113,925 | €96,900 | -€17,025 | -14.9% |
| Amounts payable | 17/49 | €829,050 | €822,611 | -€6,439 | -0.8% |
| Amounts payable after more than one year | 17 | €354,637 | €300,137 | -€54,500 | -15.4% |
| Financial debts | 170/4 | €354,637 | €300,137 | -€54,500 | -15.4% |
| Amounts payable within one year | 42/48 | €464,396 | €517,980 | +€53,584 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €63,623 | €68,869 | +€5,246 | +8.2% |
| Trade debts | 44 | €304,873 | €359,221 | +€54,347 | +17.8% |
| Suppliers | 440/4 | €304,873 | €359,221 | +€54,347 | +17.8% |
| Taxes, remuneration and social security | 45 | €11,723 | €6,849 | -€4,874 | -41.6% |
| Taxes | 450/3 | €269 | €130 | -€139 | -51.7% |
| Remuneration and social security | 454/9 | €11,453 | €6,718 | -€4,735 | -41.3% |
| Other amounts payable | 47/48 | €84,176 | €83,041 | -€1,135 | -1.3% |
| Accrued charges and deferred income | 492/3 | €10,017 | €4,494 | -€5,523 | -55.1% |
| Remuneration, social security and pensions | 62 | €230,833 | €187,005 | -€43,827 | -19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,013 | €112,839 | -€175 | -0.2% |
| Other operating charges | 640/8 | €384 | €4,366 | +€3,981 | +1035.6% |
| Gross operating margin | 9900 | €367,479 | €221,597 | -€145,882 | -39.7% |
| Operating profit (loss) | 9901 | €23,249 | -€82,612 | -€105,861 | |
| Financial income | 75/76B | €16,301 | €17,067 | +€767 | +4.7% |
| Recurring financial income | 75 | €16,301 | €17,067 | +€767 | +4.7% |
| Financial charges | 65/66B | €26,666 | €21,460 | -€5,206 | -19.5% |
| Recurring financial charges | 65 | €26,666 | €21,460 | -€5,206 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €12,883 | -€87,005 | -€99,888 | |
| Income taxes | 67/77 | €72 | €148 | +€76 | +106.3% |
| Profit (loss) for the period | 9904 | €12,812 | -€87,153 | -€99,965 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,812 | -€87,153 | -€99,965 |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.