Fradvisory: 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.
Fradvisory
Largest movements
- Current investments +€193,548
up €193,548 (+118.8%), from €162,852 to €356,400
- Receivables within one year -€25,851
down €25,851 (-91.4%), from €28,287 to €2,436
of which Trade receivables: -€27,312
- Reserves +€123,641
up €123,641 (+92.0%), from €134,333 to €257,974
- Tax, wage and social debts +€43,133
up €43,133 (+63.0%), from €68,480 to €111,613
- Gross operating margin -€14,857
down €14,857 (-7.6%), from €194,510 to €179,653
- Taxes -€3,584
down €3,584 (-6.2%), from €57,776 to €54,192
- Financial charges -€1,967
down €1,967 (-50.5%), from €3,893 to €1,926
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 | €206,381 | €373,421 | +€167,040 | +80.9% |
| Fixed assets | 21/28 | €4,575 | €4,458 | -€117 | -2.6% |
| Tangible fixed assets | 22/27 | €4,575 | €4,458 | -€117 | -2.6% |
| Plant, machinery and equipment | 23 | €2,016 | €1,078 | -€939 | -46.6% |
| Furniture and vehicles | 24 | €2,559 | €3,381 | +€822 | +32.1% |
| Current assets | 29/58 | €201,806 | €368,962 | +€167,157 | +82.8% |
| Amounts receivable within one year | 40/41 | €28,287 | €2,436 | -€25,851 | -91.4% |
| Trade receivables | 40 | €27,312 | - | -€27,312 | |
| Other amounts receivable | 41 | €975 | €2,436 | +€1,461 | +149.8% |
| Current investments | 50/53 | €162,852 | €356,400 | +€193,548 | +118.8% |
| Cash at bank and in hand | 54/58 | €9,021 | €8,274 | -€747 | -8.3% |
| Deferred charges and accrued income | 490/1 | €1,645 | €1,852 | +€207 | +12.6% |
| Total equity and liabilities | 10/49 | €206,381 | €373,421 | +€167,040 | +80.9% |
| Equity | 10/15 | €136,833 | €260,474 | +€123,641 | +90.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €134,333 | €257,974 | +€123,641 | +92.0% |
| Distributable reserves | 133 | €134,333 | €257,974 | +€123,641 | +92.0% |
| Amounts payable | 17/49 | €69,547 | €112,946 | +€43,399 | +62.4% |
| Amounts payable within one year | 42/48 | €69,547 | €112,946 | +€43,399 | +62.4% |
| Trade debts | 44 | €1,067 | €1,333 | +€266 | +24.9% |
| Suppliers | 440/4 | €1,067 | €1,333 | +€266 | +24.9% |
| Taxes, remuneration and social security | 45 | €68,480 | €111,613 | +€43,133 | +63.0% |
| Taxes | 450/3 | €68,480 | €111,613 | +€43,133 | +63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €991 | €1,697 | +€705 | +71.2% |
| Other operating charges | 640/8 | €53 | €144 | +€91 | +171.9% |
| Gross operating margin | 9900 | €194,510 | €179,653 | -€14,857 | -7.6% |
| Operating profit (loss) | 9901 | €193,466 | €177,812 | -€15,654 | -8.1% |
| Financial income | 75/76B | €2,536 | €1,946 | -€590 | -23.3% |
| Recurring financial income | 75 | €2,536 | €1,946 | -€590 | -23.3% |
| Financial charges | 65/66B | €3,893 | €1,926 | -€1,967 | -50.5% |
| Recurring financial charges | 65 | €3,893 | €1,926 | -€1,967 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €192,109 | €177,833 | -€14,277 | -7.4% |
| Income taxes | 67/77 | €57,776 | €54,192 | -€3,584 | -6.2% |
| Profit (loss) for the period | 9904 | €134,333 | €123,641 | -€10,692 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €134,333 | €123,641 | -€10,692 | -8.0% |
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 8 October 2026 via checked.be.