FRAEYE GROUP: what changed
What changed
FRAEYE GROUP
NACE 82.100, Office administrative and support services
filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.3m-€18,511
Equity
€11.2m
2024 · €7.8m+€3.4m
Cash
€723,998
2024 · €431,182+€292,816
Balance sheet total
€16.9m
2024 · €15.5m+€1.4m
Largest movements
Assets
- Receivables within one year +€788,411
up €788,411 (+30.6%), from €2.6m to €3.4m
of which Trade receivables: +€534,793
- Cash +€292,816
up €292,816 (+67.9%), from €431,182 to €723,998
mainly Contributions, distributions and other (+€2.1m) and Net result for the year (+€1.3m)
- Tangible fixed assets +€180,968
up €180,968 (+15.1%), from €1.2m to €1.4m
of which Land and buildings: +€130,447
Equity and liabilities
- Reserves +€3.4m
up €3.4m (+45.0%), from €7.7m to €11.1m
- Other debts -€2.7m
down €2.7m (-41.2%), from €6.6m to €3.9m
- Trade debts +€597,073
up €597,073 (+978%), from €61,041 to €658,114
- Accrued charges and deferred income +€293,355
up €293,355 (+7,882%), from €3,722 to €297,077
- Current portion of long-term debt -€185,714
down €185,714 (-100%), from €185,714 to €0
Income statement
- Goods and materials +€116,317
up €116,317 (+96.5%), from €120,518 to €236,835
- Taxes -€86,593
down €86,593 (-17.0%), from €508,131 to €421,538
of which Taxes: -€65,430
- Services and other goods -€82,057
down €82,057 (-20.1%), from €407,579 to €325,522
- Staff costs +€78,895
up €78,895 (+60.6%), from €130,227 to €209,122
- Turnover +€61,260
up €61,260 (+2.2%), from €2.8m to €2.9m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.3m
Turnover
+€61,260
Other operating income
-€6,860
Goods and materials
-€116,317
Services and other goods
+€82,057
Staff costs
-€78,895
Depreciation
-€27,496
Other operating charges
+€2,212
Other operating items
-€44,391
Financial income
-€7,298
Financial charges
+€30,625
Other financial items
-€1
Taxes
+€86,593
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.2m
Investment
-€468,841
Financing
+€1.9m
Cash 2024
€431,182
From operations (derived)
-€1.2m
Net result for the year
+€1.3m
Depreciation
+€138,725
Receivables after one year
+€36,460
Receivables within one year
-€788,411
Deferred charges and accrued income
-€51,967
Trade debts
+€597,073
Tax, wage and social debts
+€4,295
Other debts
-€2.7m
Accrued charges and deferred income
+€293,355
Investment (derived)
-€468,841
Investment in fixed assets (net)
-€468,841
Financing
+€1.9m
Debts after one year
+€0
Current portion of long-term debt
-€185,714
Short-term financial debts
+€0
Contributions, distributions and other
+€2.1m
Not broken down
-€1
Cash 2025
€723,998
brings cash intakes cash outdifference in the filed balance sheets themselves
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,485,974 | €16,912,824 | +€1.4m | +9.2% |
| Fixed assets | 21/28 | €11,783,197 | €12,113,313 | +€330,116 | +2.8% |
| Tangible fixed assets | 22/27 | €1,195,000 | €1,375,968 | +€180,968 | +15.1% |
| Land and buildings | 22 | €1,155,633 | €1,286,080 | +€130,447 | +11.3% |
| Plant, machinery and equipment | 23 | €21,221 | €79,973 | +€58,752 | +277% |
| Furniture and vehicles | 24 | €18,145 | €9,916 | -€8,229 | -45.4% |
| Financial fixed assets | 28 | €10,588,198 | €10,737,345 | +€149,147 | +1.4% |
| Affiliated companies | 280/1 | €10,586,298 | €10,737,345 | +€151,047 | +1.4% |
| Participating interests | 280 | €10,586,298 | €10,737,345 | +€151,047 | +1.4% |
| Other financial fixed assets | 284/8 | €1,900 | €0 | -€1,900 | -100% |
| Amounts receivable and cash guarantees | 285/8 | €1,900 | €0 | -€1,900 | -100% |
| Current assets | 29/58 | €3,702,777 | €4,799,511 | +€1.1m | +29.6% |
| Amounts receivable after more than one year | 29 | €648,776 | €612,316 | -€36,460 | -5.6% |
| Other amounts receivable | 291 | €648,776 | €612,316 | -€36,460 | -5.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,576,198 | €3,364,609 | +€788,411 | +30.6% |
| Trade receivables | 40 | €832,622 | €1,367,415 | +€534,793 | +64.2% |
| Other amounts receivable | 41 | €1,743,577 | €1,997,194 | +€253,617 | +14.5% |
| Cash at bank and in hand | 54/58 | €431,182 | €723,998 | +€292,816 | +67.9% |
| Deferred charges and accrued income | 490/1 | €46,621 | €98,588 | +€51,967 | +111% |
| Total equity and liabilities | 10/49 | €15,485,974 | €16,912,824 | +€1.4m | +9.2% |
| Equity | 10/15 | €7,803,391 | €11,249,453 | +€3.4m | +44.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €7,653,391 | €11,099,453 | +€3.4m | +45.0% |
| Distributable reserves | 133 | €7,653,391 | €11,099,453 | +€3.4m | +45.0% |
| Amounts payable | 17/49 | €7,682,583 | €5,663,371 | -€2.0m | -26.3% |
| Amounts payable after more than one year | 17 | €557,143 | €557,143 | +€0 | 0.0% |
| Financial debts | 170/4 | €557,143 | €557,143 | +€0 | 0.0% |
| Credit institutions | 173 | €557,143 | €557,143 | +€0 | 0.0% |
| Amounts payable within one year | 42/48 | €7,121,718 | €4,809,151 | -€2.3m | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €185,714 | €0 | -€185,714 | -100% |
| Financial debts | 43 | €116,667 | €116,667 | +€0 | 0.0% |
| Credit institutions | 430/8 | €116,667 | €116,667 | +€0 | 0.0% |
| Trade debts | 44 | €61,041 | €658,114 | +€597,073 | +978% |
| Suppliers | 440/4 | €61,041 | €658,114 | +€597,073 | +978% |
| Taxes, remuneration and social security | 45 | €129,234 | €133,529 | +€4,295 | +3.3% |
| Taxes | 450/3 | €113,248 | €99,566 | -€13,682 | -12.1% |
| Remuneration and social security | 454/9 | €15,986 | €33,963 | +€17,977 | +112% |
| Other amounts payable | 47/48 | €6,629,062 | €3,900,842 | -€2.7m | -41.2% |
| Accrued charges and deferred income | 492/3 | €3,722 | €297,077 | +€293,355 | +7,882% |
| Operating income | 70/76A | €2,922,146 | €2,924,628 | +€2,482 | +0.1% |
| Turnover | 70 | €2,814,811 | €2,876,071 | +€61,260 | +2.2% |
| Other operating income | 74 | €55,416 | €48,556 | -€6,860 | -12.4% |
| Non-recurring operating income | 76A | €51,919 | €0 | -€51,919 | -100% |
| Operating charges | 60/66A | €782,475 | €913,387 | +€130,912 | +16.7% |
| Goods for resale, raw materials and consumables | 60 | €120,518 | €236,835 | +€116,317 | +96.5% |
| Purchases | 600/8 | €120,518 | €236,835 | +€116,317 | +96.5% |
| Services and other goods | 61 | €407,579 | €325,522 | -€82,057 | -20.1% |
| Remuneration, social security and pensions | 62 | €130,227 | €209,122 | +€78,895 | +60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,229 | €138,725 | +€27,496 | +24.7% |
| Other operating charges | 640/8 | €5,395 | €3,183 | -€2,212 | -41.0% |
| Non-recurring operating charges | 66A | €7,527 | €0 | -€7,527 | -100% |
| Operating profit (loss) | 9901 | €2,139,671 | €2,011,241 | -€128,430 | -6.0% |
| Financial income | 75/76B | €53,581 | €46,283 | -€7,298 | -13.6% |
| Recurring financial income | 75 | €53,581 | €46,283 | -€7,298 | -13.6% |
| Income from current assets | 751 | €53,486 | €46,283 | -€7,203 | -13.5% |
| Other financial income | 752/9 | €95 | €0 | -€95 | -100% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €353,197 | €322,572 | -€30,625 | -8.7% |
| Recurring financial charges | 65 | €353,197 | €322,572 | -€30,625 | -8.7% |
| Debt charges | 650 | €352,418 | €309,859 | -€42,559 | -12.1% |
| Other financial charges | 652/9 | €780 | €12,713 | +€11,933 | +1,531% |
| Profit (loss) for the period before taxes | 9903 | €1,840,055 | €1,734,951 | -€105,104 | -5.7% |
| Income taxes | 67/77 | €508,131 | €421,538 | -€86,593 | -17.0% |
| Taxes | 670/3 | €508,131 | €442,701 | -€65,430 | -12.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €21,163 | +€21,163 | |
| Profit (loss) for the period | 9904 | €1,331,924 | €1,313,413 | -€18,511 | -1.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,331,924 | €1,313,413 | -€18,511 | -1.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.