FRAENS: 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.
FRAENS
Largest movements
- Receivables within one year -€21,041
down €21,041 (-25.5%), from €82,614 to €61,573
of which Trade receivables: -€20,691
- Cash +€17,455
up €17,455 (+117%), from €14,888 to €32,343
mainly Other debts (+€84,250) and Receivables within one year (+€21,041)
- Deferred charges and accrued income +€9,246
up €9,246 (+151%), from €6,127 to €15,373
- Tangible fixed assets -€3,493
down €3,493 (-23.8%), from €14,657 to €11,164
of which Furniture and vehicles: -€3,330
- Other debts +€84,250
new in 2025: €84,250
- Profit (loss) carried forward -€65,787
down €65,787 (-100.0%), from €65,790 to €3
- Reserves -€18,450
no longer reported in 2025 (was €18,450)
- Tax, wage and social debts +€2,359
up €2,359 (+7.1%), from €33,432 to €35,791
- Gross operating margin -€46,765
down €46,765 (-54.7%), from €85,492 to €38,727
- Financial charges +€33,746
up €33,746 (+15,198%), from €222 to €33,968
- Taxes -€18,335
down €18,335 (-98.6%), from €18,599 to €264
- Depreciation +€2,384
up €2,384 (+50.9%), from €4,686 to €7,070
- Financial income -€992
down €992 (-21.8%), from €4,548 to €3,556
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 | €118,286 | €120,453 | +€2,166 | +1.8% |
| Fixed assets | 21/28 | €14,657 | €11,164 | -€3,493 | -23.8% |
| Tangible fixed assets | 22/27 | €14,657 | €11,164 | -€3,493 | -23.8% |
| Furniture and vehicles | 24 | €14,493 | €11,164 | -€3,330 | -23.0% |
| Other tangible fixed assets | 26 | €163 | - | -€163 | |
| Current assets | 29/58 | €103,630 | €109,289 | +€5,659 | +5.5% |
| Amounts receivable within one year | 40/41 | €82,614 | €61,573 | -€21,041 | -25.5% |
| Trade receivables | 40 | €20,691 | - | -€20,691 | |
| Other amounts receivable | 41 | €61,923 | €61,573 | -€350 | -0.6% |
| Cash at bank and in hand | 54/58 | €14,888 | €32,343 | +€17,455 | +117% |
| Deferred charges and accrued income | 490/1 | €6,127 | €15,373 | +€9,246 | +151% |
| Total equity and liabilities | 10/49 | €118,286 | €120,453 | +€2,166 | +1.8% |
| Equity | 10/15 | €84,340 | €103 | -€84,237 | -99.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €18,450 | - | -€18,450 | |
| Distributable reserves | 133 | €18,450 | - | -€18,450 | |
| Profit (loss) carried forward | 14 | €65,790 | €3 | -€65,787 | -100.0% |
| Amounts payable | 17/49 | €33,947 | €120,349 | +€86,403 | +255% |
| Amounts payable within one year | 42/48 | €33,947 | €120,349 | +€86,403 | +255% |
| Trade debts | 44 | €515 | €309 | -€206 | -40.0% |
| Suppliers | 440/4 | €515 | €309 | -€206 | -40.0% |
| Taxes, remuneration and social security | 45 | €33,432 | €35,791 | +€2,359 | +7.1% |
| Taxes | 450/3 | €33,432 | €35,791 | +€2,359 | +7.1% |
| Other amounts payable | 47/48 | - | €84,250 | +€84,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,686 | €7,070 | +€2,384 | +50.9% |
| Other operating charges | 640/8 | €929 | €967 | +€38 | +4.1% |
| Gross operating margin | 9900 | €85,492 | €38,727 | -€46,765 | -54.7% |
| Operating profit (loss) | 9901 | €79,877 | €30,689 | -€49,188 | -61.6% |
| Financial income | 75/76B | €4,548 | €3,556 | -€992 | -21.8% |
| Recurring financial income | 75 | €4,548 | €3,556 | -€992 | -21.8% |
| Financial charges | 65/66B | €222 | €33,968 | +€33,746 | +15,198% |
| Recurring financial charges | 65 | €222 | €33,968 | +€33,746 | +15,198% |
| Profit (loss) for the period before taxes | 9903 | €84,203 | €277 | -€83,926 | -99.7% |
| Income taxes | 67/77 | €18,599 | €264 | -€18,335 | -98.6% |
| Profit (loss) for the period | 9904 | €65,604 | €13 | -€65,591 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,604 | €13 | -€65,591 | -100.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.