FRAEST: 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.
FRAEST
Largest movements
- Receivables within one year -€86,064
down €86,064 (-36.7%), from €234,250 to €148,186
of which Trade receivables: -€58,423
- Cash +€49,524
up €49,524 (+136%), from €36,514 to €86,038
mainly Receivables within one year (+€86,064) and Net result for the year (+€39,358)
- Tangible fixed assets +€45,594
up €45,594 (+16.8%), from €270,938 to €316,532
of which Plant, machinery and equipment: +€41,359
- Trade debts -€39,568
down €39,568 (-85.0%), from €46,569 to €7,000
- Reserves +€31,447
up €31,447 (+12.5%), from €251,872 to €283,319
of which Distributable reserves: +€31,447
- Tax, wage and social debts -€29,318
down €29,318 (-80.0%), from €36,653 to €7,335
- Other debts +€18,799
up €18,799, from €0 to €18,799
- Debts after one year +€13,623
up €13,623 (+8.3%), from €163,835 to €177,458
- Gross operating margin -€62,342
down €62,342 (-42.9%), from €145,475 to €83,133
- Taxes -€16,478
down €16,478 (-51.4%), from €32,032 to €15,554
- Financial income +€8,815
up €8,815 (+3,172%), from €278 to €9,093
- Depreciation +€2,702
up €2,702 (+12.1%), from €22,335 to €25,037
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 | €543,121 | €555,898 | +€12,777 | +2.4% |
| Fixed assets | 21/28 | €270,938 | €316,532 | +€45,594 | +16.8% |
| Tangible fixed assets | 22/27 | €270,938 | €316,532 | +€45,594 | +16.8% |
| Land and buildings | 22 | €240,983 | €249,802 | +€8,819 | +3.7% |
| Plant, machinery and equipment | 23 | €15,691 | €57,050 | +€41,359 | +264% |
| Furniture and vehicles | 24 | €14,264 | €9,680 | -€4,584 | -32.1% |
| Current assets | 29/58 | €272,183 | €239,367 | -€32,817 | -12.1% |
| Amounts receivable within one year | 40/41 | €234,250 | €148,186 | -€86,064 | -36.7% |
| Trade receivables | 40 | €83,557 | €25,134 | -€58,423 | -69.9% |
| Other amounts receivable | 41 | €150,693 | €123,052 | -€27,641 | -18.3% |
| Cash at bank and in hand | 54/58 | €36,514 | €86,038 | +€49,524 | +136% |
| Deferred charges and accrued income | 490/1 | €1,419 | €5,143 | +€3,723 | +262% |
| Total equity and liabilities | 10/49 | €543,121 | €555,898 | +€12,777 | +2.4% |
| Equity | 10/15 | €270,422 | €301,869 | +€31,447 | +11.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €251,872 | €283,319 | +€31,447 | +12.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €251,872 | €283,319 | +€31,447 | +12.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €272,699 | €254,029 | -€18,670 | -6.8% |
| Amounts payable after more than one year | 17 | €163,835 | €177,458 | +€13,623 | +8.3% |
| Financial debts | 170/4 | €163,835 | €177,458 | +€13,623 | +8.3% |
| Amounts payable within one year | 42/48 | €108,215 | €75,043 | -€33,172 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €19,939 | €29,301 | +€9,362 | +47.0% |
| Financial debts | 43 | €5,054 | €12,608 | +€7,554 | +149% |
| Credit institutions | 430/8 | €5,054 | €12,608 | +€7,554 | +149% |
| Trade debts | 44 | €46,569 | €7,000 | -€39,568 | -85.0% |
| Suppliers | 440/4 | €46,569 | €7,000 | -€39,568 | -85.0% |
| Taxes, remuneration and social security | 45 | €36,653 | €7,335 | -€29,318 | -80.0% |
| Taxes | 450/3 | €36,653 | €7,335 | -€29,318 | -80.0% |
| Other amounts payable | 47/48 | €0 | €18,799 | +€18,799 | |
| Accrued charges and deferred income | 492/3 | €650 | €1,529 | +€879 | +135% |
| Non-recurring operating income | 76A | - | €4,545 | +€4,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,335 | €25,037 | +€2,702 | +12.1% |
| Other operating charges | 640/8 | €837 | €1,377 | +€541 | +64.6% |
| Gross operating margin | 9900 | €145,475 | €83,133 | -€62,342 | -42.9% |
| Operating profit (loss) | 9901 | €122,303 | €56,718 | -€65,585 | -53.6% |
| Financial income | 75/76B | €278 | €9,093 | +€8,815 | +3,172% |
| Recurring financial income | 75 | €278 | €9,093 | +€8,815 | +3,172% |
| Financial charges | 65/66B | €10,401 | €10,899 | +€498 | +4.8% |
| Recurring financial charges | 65 | €10,401 | €10,899 | +€498 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €112,180 | €54,912 | -€57,268 | -51.1% |
| Income taxes | 67/77 | €32,032 | €15,554 | -€16,478 | -51.4% |
| Profit (loss) for the period | 9904 | €80,148 | €39,358 | -€40,790 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,148 | €39,358 | -€40,790 | -50.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.