FRADEK: 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.
FRADEK
Largest movements
- Receivables within one year -€51,298
down €51,298 (-58.6%), from €87,487 to €36,189
of which Other amounts receivable: -€53,714
- Tangible fixed assets -€16,209
down €16,209 (-25.8%), from €62,903 to €46,694
of which Plant, machinery and equipment: -€12,128
- Trade debts -€30,892
down €30,892 (-84.9%), from €36,393 to €5,501
- Other debts -€26,025
down €26,025 (-59.4%), from €43,794 to €17,769
- Current portion of long-term debt -€17,700
down €17,700 (-100%), from €17,700 to €0
- Tax, wage and social debts +€7,192
up €7,192 (+147%), from €4,903 to €12,095
of which Remuneration and social security: +€3,699
- Gross operating margin -€14,814
down €14,814 (-12.7%), from €116,851 to €102,037
- Staff costs +€10,215
up €10,215 (+19.6%), from €52,156 to €62,372
- Other operating charges -€5,246
down €5,246 (-87.9%), from €5,967 to €721
- Depreciation +€3,216
up €3,216 (+19.2%), from €16,723 to €19,939
- Taxes +€2,566
up €2,566 (+8,961%), from €29 to €2,595
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 | €163,474 | €96,815 | -€66,659 | -40.8% |
| Fixed assets | 21/28 | €62,903 | €46,694 | -€16,209 | -25.8% |
| Tangible fixed assets | 22/27 | €62,903 | €46,694 | -€16,209 | -25.8% |
| Plant, machinery and equipment | 23 | €38,476 | €26,348 | -€12,128 | -31.5% |
| Furniture and vehicles | 24 | €3,313 | €3,838 | +€525 | +15.9% |
| Other tangible fixed assets | 26 | €21,114 | €16,508 | -€4,606 | -21.8% |
| Current assets | 29/58 | €100,571 | €50,121 | -€50,450 | -50.2% |
| Stocks and contracts in progress | 3 | €6,486 | €6,852 | +€366 | +5.6% |
| Stocks | 30/36 | €6,486 | €6,852 | +€366 | +5.6% |
| Amounts receivable within one year | 40/41 | €87,487 | €36,189 | -€51,298 | -58.6% |
| Trade receivables | 40 | - | €2,417 | +€2,417 | |
| Other amounts receivable | 41 | €87,487 | €33,772 | -€53,714 | -61.4% |
| Cash at bank and in hand | 54/58 | €6,598 | €7,080 | +€483 | +7.3% |
| Total equity and liabilities | 10/49 | €163,474 | €96,815 | -€66,659 | -40.8% |
| Equity | 10/15 | €60,685 | €61,412 | +€727 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,085 | €42,812 | +€727 | +1.7% |
| Distributable reserves | 133 | €42,085 | €42,812 | +€727 | +1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €102,789 | €35,403 | -€67,386 | -65.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €102,789 | €35,364 | -€67,424 | -65.6% |
| Current portion of amounts payable after more than one year | 42 | €17,700 | €0 | -€17,700 | -100% |
| Trade debts | 44 | €36,393 | €5,501 | -€30,892 | -84.9% |
| Suppliers | 440/4 | €36,393 | €5,501 | -€30,892 | -84.9% |
| Taxes, remuneration and social security | 45 | €4,903 | €12,095 | +€7,192 | +147% |
| Taxes | 450/3 | €3,712 | €7,205 | +€3,493 | +94.1% |
| Remuneration and social security | 454/9 | €1,191 | €4,890 | +€3,699 | +311% |
| Other amounts payable | 47/48 | €43,794 | €17,769 | -€26,025 | -59.4% |
| Accrued charges and deferred income | 492/3 | €0 | €38 | +€38 | |
| Remuneration, social security and pensions | 62 | €52,156 | €62,372 | +€10,215 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,723 | €19,939 | +€3,216 | +19.2% |
| Other operating charges | 640/8 | €5,967 | €721 | -€5,246 | -87.9% |
| Gross operating margin | 9900 | €116,851 | €102,037 | -€14,814 | -12.7% |
| Operating profit (loss) | 9901 | €42,005 | €19,005 | -€23,000 | -54.8% |
| Financial income | 75/76B | €3,591 | €1,310 | -€2,281 | -63.5% |
| Recurring financial income | 75 | €3,591 | €1,310 | -€2,281 | -63.5% |
| Financial charges | 65/66B | €2,035 | €993 | -€1,042 | -51.2% |
| Recurring financial charges | 65 | €2,035 | €993 | -€1,042 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €43,561 | €19,323 | -€24,238 | -55.6% |
| Income taxes | 67/77 | €29 | €2,595 | +€2,566 | +8,961% |
| Profit (loss) for the period | 9904 | €43,532 | €16,727 | -€26,804 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,532 | €16,727 | -€26,804 | -61.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.