FRAEYMAN INVEST: what changed
Two fiscal 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.
FRAEYMAN INVEST
Largest movements
- Tangible fixed assets +€666,941
up €666,941 (+39.7%), from €1.7m to €2.3m
of which Land and buildings: +€594,519
- Receivables after one year -€85,000
down €85,000 (-50.0%), from €170,000 to €85,000
- Reserves +€2.4m
up €2.4m (+130.8%), from €1.8m to €4.2m
of which Distributable reserves: +€2.4m
- Other debts -€1.7m
down €1.7m (-34.3%), from €5.0m to €3.3m
- Debts after one year -€107,595
down €107,595 (-32.6%), from €330,368 to €222,774
- Financial income +€1.7m
up €1.7m (+842.6%), from €201,722 to €1.9m
- Gross operating margin +€333,297
up €333,297 (+25.4%), from €1.3m to €1.6m
- Taxes +€72,486
up €72,486 (+61.9%), from €117,010 to €189,497
- Depreciation +€62,302
up €62,302 (+80.5%), from €77,364 to €139,665
- Staff costs -€28,256
down €28,256 (-3.5%), from €813,705 to €785,449
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.
Cash bridge derived
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 | €7,618,583 | €8,304,202 | +€685,619 | +9.0% |
| Fixed assets | 21/28 | €6,954,028 | €7,620,969 | +€666,941 | +9.6% |
| Tangible fixed assets | 22/27 | €1,679,028 | €2,345,969 | +€666,941 | +39.7% |
| Land and buildings | 22 | €1,652,840 | €2,247,359 | +€594,519 | +36.0% |
| Plant, machinery and equipment | 23 | €1,038 | €686 | -€352 | -33.9% |
| Furniture and vehicles | 24 | €25,151 | €97,924 | +€72,774 | +289.4% |
| Financial fixed assets | 28 | €5,275,000 | €5,275,000 | = | 0.0% |
| Current assets | 29/58 | €664,555 | €683,233 | +€18,678 | +2.8% |
| Amounts receivable after more than one year | 29 | €170,000 | €85,000 | -€85,000 | -50.0% |
| Other amounts receivable | 291 | €170,000 | €85,000 | -€85,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €172,499 | €220,555 | +€48,056 | +27.9% |
| Trade receivables | 40 | €170,263 | €220,362 | +€50,099 | +29.4% |
| Other amounts receivable | 41 | €2,236 | €194 | -€2,043 | -91.3% |
| Current investments | 50/53 | €1,344 | €1,347 | +€3 | +0.2% |
| Cash at bank and in hand | 54/58 | €314,607 | €361,415 | +€46,808 | +14.9% |
| Deferred charges and accrued income | 490/1 | €6,105 | €14,916 | +€8,811 | +144.3% |
| Total equity and liabilities | 10/49 | €7,618,583 | €8,304,202 | +€685,619 | +9.0% |
| Equity | 10/15 | €1,858,655 | €4,265,889 | +€2.4m | +129.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,840,055 | €4,247,289 | +€2.4m | +130.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,819,445 | €4,226,679 | +€2.4m | +132.3% |
| Amounts payable | 17/49 | €5,759,928 | €4,038,313 | -€1.7m | -29.9% |
| Amounts payable after more than one year | 17 | €330,368 | €222,774 | -€107,595 | -32.6% |
| Financial debts | 170/4 | €330,368 | €222,774 | -€107,595 | -32.6% |
| Amounts payable within one year | 42/48 | €5,429,560 | €3,815,539 | -€1.6m | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €108,841 | €109,613 | +€772 | +0.7% |
| Trade debts | 44 | €26,623 | €91,770 | +€65,147 | +244.7% |
| Suppliers | 440/4 | €26,623 | €91,770 | +€65,147 | +244.7% |
| Taxes, remuneration and social security | 45 | €279,268 | €321,502 | +€42,234 | +15.1% |
| Taxes | 450/3 | €146,009 | €213,242 | +€67,233 | +46.0% |
| Remuneration and social security | 454/9 | €133,259 | €108,261 | -€24,999 | -18.8% |
| Other amounts payable | 47/48 | €5,014,828 | €3,292,654 | -€1.7m | -34.3% |
| Remuneration, social security and pensions | 62 | €813,705 | €785,449 | -€28,256 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,364 | €139,665 | +€62,302 | +80.5% |
| Other operating charges | 640/8 | €8,299 | €9,144 | +€844 | +10.2% |
| Gross operating margin | 9900 | €1,311,236 | €1,644,533 | +€333,297 | +25.4% |
| Operating profit (loss) | 9901 | €411,868 | €710,275 | +€298,407 | +72.5% |
| Financial income | 75/76B | €201,722 | €1,901,381 | +€1.7m | +842.6% |
| Recurring financial income | 75 | €201,722 | €1,901,381 | +€1.7m | +842.6% |
| Financial charges | 65/66B | €27,311 | €14,926 | -€12,386 | -45.4% |
| Recurring financial charges | 65 | €27,311 | €14,926 | -€12,386 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | €586,279 | €2,596,731 | +€2.0m | +342.9% |
| Income taxes | 67/77 | €117,010 | €189,497 | +€72,486 | +61.9% |
| Profit (loss) for the period | 9904 | €469,268 | €2,407,234 | +€1.9m | +413.0% |
| Profit (loss) for the period to be appropriated | 9905 | €469,268 | €2,407,234 | +€1.9m | +413.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.