FRAG: 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.
FRAG
Largest movements
- Tangible fixed assets -€125,202
down €125,202 (-93.0%), from €134,652 to €9,450
of which Furniture and vehicles: -€123,574
- Receivables within one year +€26,181
up €26,181 (+50.2%), from €52,184 to €78,365
of which Other amounts receivable: +€37,429
- Cash +€5,303
new in 2023: €5,303
mainly Investment in fixed assets (net) (+€125,202) and Tax, wage and social debts (+€2,927)
- Profit (loss) carried forward -€54,269
down €54,269 (-83.7%), from €64,833 to €10,564
- Short-term financial debts -€14,540
no longer reported in 2023 (was €14,540)
- Debts after one year -€14,231
down €14,231 (-27.5%), from €51,699 to €37,468
- Current portion of long-term debt -€9,105
down €9,105 (-39.0%), from €23,336 to €14,231
- Tax, wage and social debts +€2,927
up €2,927 (+113.0%), from €2,590 to €5,517
- Gross operating margin -€127,191
down €127,191, from €97,450 to -€29,741
- Depreciation -€30,984
no longer reported in 2023 (was €30,984)
- Other operating charges -€1,737
down €1,737 (-86.3%), from €2,011 to €275
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,604 | €93,288 | -€94,316 | -50.3% |
| Fixed assets | 21/28 | €134,821 | €9,620 | -€125,202 | -92.9% |
| Tangible fixed assets | 22/27 | €134,652 | €9,450 | -€125,202 | -93.0% |
| Plant, machinery and equipment | 23 | €1,628 | - | -€1,628 | |
| Furniture and vehicles | 24 | €123,574 | - | -€123,574 | |
| Leasing and similar rights | 25 | €9,450 | €9,450 | = | 0.0% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €52,783 | €83,668 | +€30,885 | +58.5% |
| Amounts receivable within one year | 40/41 | €52,184 | €78,365 | +€26,181 | +50.2% |
| Trade receivables | 40 | €39,801 | €28,553 | -€11,248 | -28.3% |
| Other amounts receivable | 41 | €12,384 | €49,813 | +€37,429 | +302.2% |
| Cash at bank and in hand | 54/58 | - | €5,303 | +€5,303 | |
| Deferred charges and accrued income | 490/1 | €599 | - | -€599 | |
| Total equity and liabilities | 10/49 | €187,604 | €93,288 | -€94,316 | -50.3% |
| Equity | 10/15 | €91,368 | €35,074 | -€56,294 | -61.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,833 | €10,564 | -€54,269 | -83.7% |
| Investment grants | 15 | €6,075 | €4,050 | -€2,025 | -33.3% |
| Amounts payable | 17/49 | €96,236 | €58,214 | -€38,022 | -39.5% |
| Amounts payable after more than one year | 17 | €51,699 | €37,468 | -€14,231 | -27.5% |
| Financial debts | 170/4 | €51,699 | €37,468 | -€14,231 | -27.5% |
| Amounts payable within one year | 42/48 | €44,537 | €20,747 | -€23,791 | -53.4% |
| Current portion of amounts payable after more than one year | 42 | €23,336 | €14,231 | -€9,105 | -39.0% |
| Financial debts | 43 | €14,540 | - | -€14,540 | |
| Credit institutions | 430/8 | €14,540 | - | -€14,540 | |
| Trade debts | 44 | €3,705 | €998 | -€2,707 | -73.1% |
| Suppliers | 440/4 | €3,705 | €998 | -€2,707 | -73.1% |
| Taxes, remuneration and social security | 45 | €2,590 | €5,517 | +€2,927 | +113.0% |
| Taxes | 450/3 | €2,590 | €5,517 | +€2,927 | +113.0% |
| Other amounts payable | 47/48 | €366 | - | -€366 | |
| Non-recurring operating income | 76A | €84,112 | €3,426 | -€80,686 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,984 | - | -€30,984 | |
| Other operating charges | 640/8 | €2,011 | €275 | -€1,737 | -86.3% |
| Non-recurring operating charges | 66A | €1,210 | €22,776 | +€21,566 | +1782.1% |
| Gross operating margin | 9900 | €97,450 | -€29,741 | -€127,191 | |
| Operating profit (loss) | 9901 | €63,245 | -€52,792 | -€116,037 | |
| Financial income | 75/76B | €2,025 | €2,025 | +€0 | 0.0% |
| Recurring financial income | 75 | €2,025 | €2,025 | +€0 | 0.0% |
| Financial charges | 65/66B | €4,393 | €3,619 | -€774 | -17.6% |
| Recurring financial charges | 65 | €4,393 | €3,619 | -€774 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €60,877 | -€54,386 | -€115,263 | |
| Income taxes | 67/77 | €279 | -€117 | -€396 | |
| Profit (loss) for the period | 9904 | €60,598 | -€54,269 | -€114,867 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,598 | -€54,269 | -€114,867 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.