FRADOM: 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.
FRADOM
Largest movements
- Cash -€48,799
down €48,799 (-55.6%), from €87,763 to €38,964
mainly Other debts (-€40,000) and Receivables within one year (-€9,894)
- Receivables within one year +€9,894
up €9,894 (+345.5%), from €2,864 to €12,758
of which Other amounts receivable: +€7,293
- Other debts -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Other operating charges -€2,365
down €2,365 (-99.5%), from €2,377 to €13
- Gross operating margin +€942
up €942 (+38.8%), from €2,429 to €3,371
- Taxes +€131
new in 2025: €131
- Depreciation -€47
down €47 (-1.9%), from €2,498 to €2,451
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 | €122,662 | €84,046 | -€38,616 | -31.5% |
| Fixed assets | 21/28 | €32,035 | €32,325 | +€289 | +0.9% |
| Tangible fixed assets | 22/27 | €32,035 | €32,325 | +€289 | +0.9% |
| Land and buildings | 22 | €32,035 | €32,325 | +€289 | +0.9% |
| Current assets | 29/58 | €90,627 | €51,722 | -€38,905 | -42.9% |
| Amounts receivable within one year | 40/41 | €2,864 | €12,758 | +€9,894 | +345.5% |
| Trade receivables | 40 | €2,662 | €5,264 | +€2,602 | +97.7% |
| Other amounts receivable | 41 | €202 | €7,494 | +€7,293 | +3617.0% |
| Cash at bank and in hand | 54/58 | €87,763 | €38,964 | -€48,799 | -55.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €122,662 | €84,046 | -€38,616 | -31.5% |
| Equity | 10/15 | €81,589 | €82,307 | +€717 | +0.9% |
| 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% |
| Reserves | 13 | €11,800 | €11,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €5,600 | €5,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,789 | €8,507 | +€717 | +9.2% |
| Amounts payable | 17/49 | €41,073 | €1,740 | -€39,333 | -95.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €41,073 | €1,740 | -€39,333 | -95.8% |
| Trade debts | 44 | €1,073 | €1,210 | +€137 | +12.8% |
| Suppliers | 440/4 | €1,073 | €1,210 | +€137 | +12.8% |
| Taxes, remuneration and social security | 45 | - | €530 | +€530 | |
| Taxes | 450/3 | - | €530 | +€530 | |
| Other amounts payable | 47/48 | €40,000 | €0 | -€40,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,498 | €2,451 | -€47 | -1.9% |
| Other operating charges | 640/8 | €2,377 | €13 | -€2,365 | -99.5% |
| Gross operating margin | 9900 | €2,429 | €3,371 | +€942 | +38.8% |
| Operating profit (loss) | 9901 | -€2,446 | €908 | +€3,354 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €29 | €60 | +€31 | +108.8% |
| Recurring financial charges | 65 | €29 | €60 | +€31 | +108.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,474 | €849 | +€3,323 | |
| Income taxes | 67/77 | - | €131 | +€131 | |
| Profit (loss) for the period | 9904 | -€2,474 | €717 | +€3,192 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,474 | €717 | +€3,192 |
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 7 October 2026 via checked.be.