FRAEYE CONCEPT: 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.
FRAEYE CONCEPT
Largest movements
- Tangible fixed assets +€13,907
up €13,907 (+78.9%), from €17,624 to €31,530
of which Furniture and vehicles: +€14,439
- Receivables within one year -€11,465
down €11,465 (-24.8%), from €46,311 to €34,846
of which Trade receivables: -€24,424
- Stocks and contracts -€9,000
no longer reported in 2026 (was €9,000)
of which Contracts in progress: -€6,000
- Deferred charges and accrued income -€8,364
no longer reported in 2026 (was €8,364)
- Cash -€5,935
down €5,935 (-93.1%), from €6,375 to €440
mainly Investment in fixed assets (net) (-€21,991) and Trade debts (-€18,351)
- Trade debts -€18,351
down €18,351 (-72.0%), from €25,499 to €7,149
- Profit (loss) carried forward -€14,792
down €14,792 (-36.6%), from €40,404 to €25,612
- Other debts -€9,018
down €9,018 (-91.5%), from €9,851 to €833
- Debts after one year +€8,848
new in 2026: €8,848
- Current portion of long-term debt +€7,285
new in 2026: €7,285
- Gross operating margin -€9,229
down €9,229, from €8,845 to -€383
- Financial charges +€5,584
up €5,584 (+1,801%), from €310 to €5,894
of which Non-recurring financial charges: +€3,894
- Financial income +€1,892
up €1,892 (+23,242%), from €8 to €1,900
of which Non-recurring financial income: +€1,900
- Depreciation +€1,824
up €1,824 (+29.1%), from €6,261 to €8,085
- Taxes -€827
down €827 (-87.4%), from €946 to €119
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,674 | €66,817 | -€20,857 | -23.8% |
| Fixed assets | 21/28 | €17,624 | €31,530 | +€13,907 | +78.9% |
| Tangible fixed assets | 22/27 | €17,624 | €31,530 | +€13,907 | +78.9% |
| Plant, machinery and equipment | 23 | €1,594 | €1,062 | -€532 | -33.4% |
| Furniture and vehicles | 24 | €16,029 | €30,468 | +€14,439 | +90.1% |
| Current assets | 29/58 | €70,050 | €35,287 | -€34,764 | -49.6% |
| Stocks and contracts in progress | 3 | €9,000 | - | -€9,000 | |
| Stocks | 30/36 | €3,000 | - | -€3,000 | |
| Contracts in progress | 37 | €6,000 | - | -€6,000 | |
| Amounts receivable within one year | 40/41 | €46,311 | €34,846 | -€11,465 | -24.8% |
| Trade receivables | 40 | €39,994 | €15,570 | -€24,424 | -61.1% |
| Other amounts receivable | 41 | €6,317 | €19,276 | +€12,959 | +205% |
| Cash at bank and in hand | 54/58 | €6,375 | €440 | -€5,935 | -93.1% |
| Deferred charges and accrued income | 490/1 | €8,364 | - | -€8,364 | |
| Total equity and liabilities | 10/49 | €87,674 | €66,817 | -€20,857 | -23.8% |
| Equity | 10/15 | €50,524 | €35,732 | -€14,792 | -29.3% |
| Contributions | 10/11 | €120 | €120 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,404 | €25,612 | -€14,792 | -36.6% |
| Amounts payable | 17/49 | €37,150 | €31,085 | -€6,065 | -16.3% |
| Amounts payable after more than one year | 17 | - | €8,848 | +€8,848 | |
| Financial debts | 170/4 | - | €8,848 | +€8,848 | |
| Amounts payable within one year | 42/48 | €37,150 | €22,237 | -€14,913 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | - | €7,285 | +€7,285 | |
| Trade debts | 44 | €25,499 | €7,149 | -€18,351 | -72.0% |
| Suppliers | 440/4 | €25,499 | €7,149 | -€18,351 | -72.0% |
| Taxes, remuneration and social security | 45 | €1,800 | €6,970 | +€5,170 | +287% |
| Taxes | 450/3 | €1,800 | €6,970 | +€5,170 | +287% |
| Other amounts payable | 47/48 | €9,851 | €833 | -€9,018 | -91.5% |
| Remuneration, social security and pensions | 62 | -€57 | - | +€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,261 | €8,085 | +€1,824 | +29.1% |
| Other operating charges | 640/8 | €1,036 | €1,378 | +€342 | +33.1% |
| Gross operating margin | 9900 | €8,845 | -€383 | -€9,229 | |
| Operating profit (loss) | 9901 | €1,606 | -€9,846 | -€11,452 | |
| Financial income | 75/76B | €8 | €1,900 | +€1,892 | +23,242% |
| Recurring financial income | 75 | €8 | €1,900 | +€1,892 | +23,242% |
| Non-recurring financial income | 76B | - | €1,900 | +€1,900 | |
| Financial charges | 65/66B | €310 | €5,894 | +€5,584 | +1,801% |
| Recurring financial charges | 65 | €310 | €1,999 | +€1,689 | +545% |
| Non-recurring financial charges | 66B | - | €3,894 | +€3,894 | |
| Profit (loss) for the period before taxes | 9903 | €1,304 | -€13,840 | -€15,144 | |
| Income taxes | 67/77 | €946 | €119 | -€827 | -87.4% |
| Profit (loss) for the period | 9904 | €358 | -€13,959 | -€14,317 | |
| Profit (loss) for the period to be appropriated | 9905 | €358 | -€13,959 | -€14,317 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.