FRAEYE: 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.
What changed
FRAEYE
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€43,256
2024 · €94,888-€51,632
Equity
€898,567
2024 · €855,311+€43,256
Cash
€488,111
2024 · €1.4m-€880,855
Balance sheet total
€7.0m
2024 · €5.9m+€1.1m
Largest movements
Assets
- Stocks and contracts +€2.0m
up €2.0m (+86.5%), from €2.3m to €4.3m
of which Contracts in progress: +€1.6m
- Cash -€880,855
down €880,855 (-64.3%), from €1.4m to €488,111
mainly Stocks and contracts (-€2.0m) and Investment in fixed assets (net) (-€439,427)
- Tangible fixed assets +€243,301
up €243,301 (+25.8%), from €944,795 to €1.2m
of which Other tangible fixed assets: +€370,813
- Receivables within one year -€243,054
down €243,054 (-20.9%), from €1.2m to €920,363
of which Trade receivables: -€229,826
Equity and liabilities
- Advances received +€1.5m
up €1.5m (+53.3%), from €2.7m to €4.2m
- Debts after one year -€353,699
down €353,699 (-35.1%), from €1.0m to €655,279
of which Other amounts payable: -€317,397
- Other debts -€125,506
down €125,506 (-23.4%), from €535,596 to €410,090
Income statement
- Write-downs -€151,611
down €151,611, from €8,283 to -€143,328
- Staff costs +€149,292
up €149,292 (+5.5%), from €2.7m to €2.9m
- Gross operating margin -€111,623
down €111,623 (-3.5%), from €3.2m to €3.1m
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.
Result 2024
€94,888
Gross operating margin
-€111,623
Staff costs
-€149,292
Depreciation
-€14,954
Write-downs
+€151,611
Other operating charges
+€21,138
Other operating items
+€12,756
Financial income
+€5,108
Financial charges
+€3,342
Taxes
+€30,281
Result 2025
€43,256
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€114,510
Investment
-€439,427
Financing
-€326,919
Cash 2024
€1.4m
From operations (derived)
-€114,510
Net result for the year
+€43,256
Depreciation
+€206,806
Stocks and contracts
-€2.0m
Receivables within one year
+€243,054
Smaller working-capital items
+€3,080
Trade debts
+€12,093
Tax, wage and social debts
+€28,642
Advances received
+€1.5m
Other debts
-€125,506
Investment (derived)
-€439,427
Investment in fixed assets (net)
-€439,427
Financing
-€326,919
Debts after one year
-€353,699
Current portion of long-term debt
+€19,197
Short-term financial debts
+€7,584
Cash 2025
€488,111
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,911,882 | €6,997,458 | +€1.1m | +18.4% |
| Fixed assets | 21/28 | €1,011,628 | €1,244,249 | +€232,621 | +23.0% |
| Intangible fixed assets | 21 | €64,333 | €53,653 | -€10,680 | -16.6% |
| Tangible fixed assets | 22/27 | €944,795 | €1,188,096 | +€243,301 | +25.8% |
| Plant, machinery and equipment | 23 | €557,034 | €491,926 | -€65,109 | -11.7% |
| Furniture and vehicles | 24 | €287,215 | €224,812 | -€62,403 | -21.7% |
| Other tangible fixed assets | 26 | €100,546 | €471,359 | +€370,813 | +369% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €4,900,253 | €5,753,209 | +€852,956 | +17.4% |
| Stocks and contracts in progress | 3 | €2,289,504 | €4,270,615 | +€2.0m | +86.5% |
| Stocks | 30/36 | €644,673 | €1,012,980 | +€368,307 | +57.1% |
| Contracts in progress | 37 | €1,644,831 | €3,257,634 | +€1.6m | +98.1% |
| Amounts receivable within one year | 40/41 | €1,163,417 | €920,363 | -€243,054 | -20.9% |
| Trade receivables | 40 | €1,065,048 | €835,222 | -€229,826 | -21.6% |
| Other amounts receivable | 41 | €98,369 | €85,141 | -€13,228 | -13.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,368,966 | €488,111 | -€880,855 | -64.3% |
| Deferred charges and accrued income | 490/1 | €78,366 | €74,120 | -€4,246 | -5.4% |
| Total equity and liabilities | 10/49 | €5,911,882 | €6,997,458 | +€1.1m | +18.4% |
| Equity | 10/15 | €855,311 | €898,567 | +€43,256 | +5.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €730,311 | €773,567 | +€43,256 | +5.9% |
| Non-distributable reserves | 130/1 | €21,025 | €21,025 | = | 0.0% |
| Legal reserve | 130 | €21,025 | €21,025 | = | 0.0% |
| Distributable reserves | 133 | €709,286 | €752,542 | +€43,256 | +6.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,056,571 | €6,098,892 | +€1.0m | +20.6% |
| Amounts payable after more than one year | 17 | €1,008,978 | €655,279 | -€353,699 | -35.1% |
| Financial debts | 170/4 | €480,289 | €443,987 | -€36,302 | -7.6% |
| Other amounts payable | 178/9 | €528,689 | €211,292 | -€317,397 | -60.0% |
| Amounts payable within one year | 42/48 | €3,989,219 | €5,386,405 | +€1.4m | +35.0% |
| Current portion of amounts payable after more than one year | 42 | €99,023 | €118,220 | +€19,197 | +19.4% |
| Financial debts | 43 | - | €7,584 | +€7,584 | |
| Credit institutions | 430/8 | - | €7,584 | +€7,584 | |
| Trade debts | 44 | €298,606 | €310,699 | +€12,093 | +4.0% |
| Suppliers | 440/4 | €298,606 | €310,699 | +€12,093 | +4.0% |
| Advances received on contracts in progress | 46 | €2,730,264 | €4,185,439 | +€1.5m | +53.3% |
| Taxes, remuneration and social security | 45 | €325,730 | €354,372 | +€28,642 | +8.8% |
| Taxes | 450/3 | €76,339 | €66,974 | -€9,365 | -12.3% |
| Remuneration and social security | 454/9 | €249,391 | €287,398 | +€38,007 | +15.2% |
| Other amounts payable | 47/48 | €535,596 | €410,090 | -€125,506 | -23.4% |
| Accrued charges and deferred income | 492/3 | €58,373 | €57,207 | -€1,166 | -2.0% |
| Remuneration, social security and pensions | 62 | €2,733,027 | €2,882,319 | +€149,292 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191,852 | €206,806 | +€14,954 | +7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,283 | -€143,328 | -€151,611 | |
| Other operating charges | 640/8 | €33,023 | €11,885 | -€21,138 | -64.0% |
| Non-recurring operating charges | 66A | €12,756 | €0 | -€12,756 | -100% |
| Gross operating margin | 9900 | €3,194,810 | €3,083,188 | -€111,623 | -3.5% |
| Operating profit (loss) | 9901 | €215,869 | €125,506 | -€90,363 | -41.9% |
| Financial income | 75/76B | €36,075 | €41,183 | +€5,108 | +14.2% |
| Recurring financial income | 75 | €36,075 | €41,183 | +€5,108 | +14.2% |
| Financial charges | 65/66B | €87,150 | €83,807 | -€3,342 | -3.8% |
| Recurring financial charges | 65 | €87,150 | €83,807 | -€3,342 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €164,795 | €82,882 | -€81,913 | -49.7% |
| Income taxes | 67/77 | €69,907 | €39,626 | -€30,281 | -43.3% |
| Profit (loss) for the period | 9904 | €94,888 | €43,256 | -€51,632 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,888 | €43,256 | -€51,632 | -54.4% |
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 16 October 2026 via checked.be.