FRADE MANAGEMENT: 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.
FRADE MANAGEMENT
Largest movements
- Financial fixed assets +€157,494
up €157,494 (+39373.6%), from €400 to €157,894
- Cash +€17,477
up €17,477 (+111.5%), from €15,678 to €33,156
mainly Debts after one year (+€87,512) and Net result for the year (+€34,262)
- Receivables within one year -€7,304
down €7,304 (-15.1%), from €48,444 to €41,140
of which Other amounts receivable: -€27,874
- Debts after one year +€87,512
new in 2025: €87,512
- Reserves +€34,262
up €34,262 (+72.3%), from €47,400 to €81,662
- Tax, wage and social debts +€17,190
up €17,190 (+130.3%), from €13,193 to €30,383
- Current portion of long-term debt +€15,203
new in 2025: €15,203
- Other debts +€14,488
new in 2025: €14,488
- Other operating charges +€4,528
up €4,528 (+327.6%), from €1,382 to €5,910
- Financial charges +€3,718
up €3,718 (+11801.7%), from €32 to €3,749
- Taxes +€2,707
up €2,707 (+22.8%), from €11,850 to €14,557
- Gross operating margin -€2,185
down €2,185 (-3.6%), from €60,663 to €58,479
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 | €70,824 | €240,097 | +€169,273 | +239.0% |
| Fixed assets | 21/28 | €400 | €157,894 | +€157,494 | +39373.6% |
| Financial fixed assets | 28 | €400 | €157,894 | +€157,494 | +39373.6% |
| Current assets | 29/58 | €70,424 | €82,203 | +€11,779 | +16.7% |
| Amounts receivable within one year | 40/41 | €48,444 | €41,140 | -€7,304 | -15.1% |
| Trade receivables | 40 | €20,570 | €41,140 | +€20,570 | +100.0% |
| Other amounts receivable | 41 | €27,874 | - | -€27,874 | |
| Cash at bank and in hand | 54/58 | €15,678 | €33,156 | +€17,477 | +111.5% |
| Deferred charges and accrued income | 490/1 | €6,301 | €7,907 | +€1,606 | +25.5% |
| Total equity and liabilities | 10/49 | €70,824 | €240,097 | +€169,273 | +239.0% |
| Equity | 10/15 | €50,400 | €84,662 | +€34,262 | +68.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,400 | €81,662 | +€34,262 | +72.3% |
| Distributable reserves | 133 | €47,400 | €81,662 | +€34,262 | +72.3% |
| Amounts payable | 17/49 | €20,424 | €155,436 | +€135,011 | +661.0% |
| Amounts payable after more than one year | 17 | - | €87,512 | +€87,512 | |
| Financial debts | 170/4 | - | €87,512 | +€87,512 | |
| Amounts payable within one year | 42/48 | €20,424 | €67,924 | +€47,499 | +232.6% |
| Current portion of amounts payable after more than one year | 42 | - | €15,203 | +€15,203 | |
| Trade debts | 44 | €7,231 | €7,850 | +€618 | +8.6% |
| Suppliers | 440/4 | €7,231 | €7,850 | +€618 | +8.6% |
| Taxes, remuneration and social security | 45 | €13,193 | €30,383 | +€17,190 | +130.3% |
| Taxes | 450/3 | €13,193 | €30,383 | +€17,190 | +130.3% |
| Other amounts payable | 47/48 | - | €14,488 | +€14,488 | |
| Other operating charges | 640/8 | €1,382 | €5,910 | +€4,528 | +327.6% |
| Gross operating margin | 9900 | €60,663 | €58,479 | -€2,185 | -3.6% |
| Operating profit (loss) | 9901 | €59,281 | €52,568 | -€6,713 | -11.3% |
| Financial charges | 65/66B | €32 | €3,749 | +€3,718 | +11801.7% |
| Recurring financial charges | 65 | €32 | €3,749 | +€3,718 | +11801.7% |
| Profit (loss) for the period before taxes | 9903 | €59,249 | €48,819 | -€10,430 | -17.6% |
| Income taxes | 67/77 | €11,850 | €14,557 | +€2,707 | +22.8% |
| Profit (loss) for the period | 9904 | €47,400 | €34,262 | -€13,138 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,400 | €34,262 | -€13,138 | -27.7% |
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 6 October 2026 via checked.be.