FRAEYE INVEST: 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 INVEST
Largest movements
- Cash -€149,722
down €149,722 (-61.6%), from €242,889 to €93,167
mainly Debts after one year (-€181,078) and Other debts (-€61,613)
- Debts after one year -€181,078
down €181,078 (-7.9%), from €2.3m to €2.1m
- Trade debts +€113,294
up €113,294 (+529%), from €21,430 to €134,724
- Other debts -€61,613
down €61,613 (-6.0%), from €1.0m to €972,285
- Gross operating margin +€7,121
up €7,121 (+9.1%), from €78,340 to €85,461
- Depreciation -€4,096
down €4,096 (-9.4%), from €43,620 to €39,524
- Financial charges -€3,944
down €3,944 (-6.3%), from €62,371 to €58,427
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 | €4,223,125 | €4,080,897 | -€142,228 | -3.4% |
| Fixed assets | 21/28 | €3,883,670 | €3,875,487 | -€8,183 | -0.2% |
| Tangible fixed assets | 22/27 | €441,526 | €433,343 | -€8,183 | -1.9% |
| Land and buildings | 22 | €411,267 | €409,186 | -€2,082 | -0.5% |
| Furniture and vehicles | 24 | €30,258 | €24,157 | -€6,101 | -20.2% |
| Financial fixed assets | 28 | €3,442,144 | €3,442,144 | = | 0.0% |
| Current assets | 29/58 | €339,455 | €205,410 | -€134,045 | -39.5% |
| Amounts receivable within one year | 40/41 | €86,903 | €107,409 | +€20,506 | +23.6% |
| Trade receivables | 40 | €54,271 | €80,140 | +€25,870 | +47.7% |
| Other amounts receivable | 41 | €32,633 | €27,269 | -€5,364 | -16.4% |
| Cash at bank and in hand | 54/58 | €242,889 | €93,167 | -€149,722 | -61.6% |
| Deferred charges and accrued income | 490/1 | €9,663 | €4,835 | -€4,829 | -50.0% |
| Total equity and liabilities | 10/49 | €4,223,125 | €4,080,897 | -€142,228 | -3.4% |
| Equity | 10/15 | €676,555 | €648,090 | -€28,465 | -4.2% |
| Contributions | 10/11 | €72,500 | €72,500 | = | 0.0% |
| Reserves | 13 | €604,055 | €575,590 | -€28,465 | -4.7% |
| Tax-exempt reserves | 132 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €592,195 | €563,730 | -€28,465 | -4.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,546,570 | €3,432,807 | -€113,763 | -3.2% |
| Amounts payable after more than one year | 17 | €2,305,021 | €2,123,944 | -€181,078 | -7.9% |
| Financial debts | 170/4 | €2,305,021 | €2,123,944 | -€181,078 | -7.9% |
| Amounts payable within one year | 42/48 | €1,233,172 | €1,288,087 | +€54,915 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €177,807 | €181,078 | +€3,271 | +1.8% |
| Trade debts | 44 | €21,430 | €134,724 | +€113,294 | +529% |
| Suppliers | 440/4 | €21,430 | €134,724 | +€113,294 | +529% |
| Taxes, remuneration and social security | 45 | €37 | €0 | -€37 | -100% |
| Taxes | 450/3 | €37 | €0 | -€37 | -100% |
| Other amounts payable | 47/48 | €1,033,898 | €972,285 | -€61,613 | -6.0% |
| Accrued charges and deferred income | 492/3 | €8,377 | €20,777 | +€12,400 | +148% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,620 | €39,524 | -€4,096 | -9.4% |
| Other operating charges | 640/8 | €16,628 | €15,940 | -€688 | -4.1% |
| Gross operating margin | 9900 | €78,340 | €85,461 | +€7,121 | +9.1% |
| Operating profit (loss) | 9901 | €18,092 | €29,996 | +€11,904 | +65.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €62,371 | €58,427 | -€3,944 | -6.3% |
| Recurring financial charges | 65 | €62,371 | €58,427 | -€3,944 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€44,279 | -€28,430 | +€15,848 | +35.8% |
| Income taxes | 67/77 | -€688 | €35 | +€722 | |
| Profit (loss) for the period | 9904 | -€43,591 | -€28,465 | +€15,126 | +34.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,591 | -€28,465 | +€15,126 | +34.7% |
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 27 October 2026 via checked.be.