FRAGAMETAL: 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.
FRAGAMETAL
Largest movements
- Cash +€132,797
up €132,797 (+47.4%), from €279,888 to €412,685
mainly Net result for the year (+€313,317) and Tax, wage and social debts (+€23,165)
- Receivables within one year +€78,130
up €78,130 (+80.0%), from €97,701 to €175,830
of which Trade receivables: +€71,066
- Tangible fixed assets +€77,484
up €77,484 (+2,174%), from €3,564 to €81,048
of which Plant, machinery and equipment: +€78,213
- Current investments +€39,550
up €39,550 (+41.2%), from €96,000 to €135,550
- Stocks and contracts +€17,949
up €17,949 (+21.3%), from €84,111 to €102,060
- Reserves +€305,711
up €305,711 (+61.0%), from €500,883 to €806,594
of which Distributable reserves: +€305,711
- Tax, wage and social debts +€23,165
up €23,165 (+45.5%), from €50,859 to €74,024
of which Taxes: +€24,962
- Gross operating margin +€280,307
up €280,307 (+51.6%), from €543,532 to €823,838
- Taxes +€111,899
up €111,899 (+338%), from €33,132 to €145,031
- Staff costs -€15,463
down €15,463 (-4.1%), from €373,665 to €358,201
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 | €562,013 | €907,173 | +€345,160 | +61.4% |
| Fixed assets | 21/28 | €3,564 | €81,048 | +€77,484 | +2,174% |
| Tangible fixed assets | 22/27 | €3,564 | €81,048 | +€77,484 | +2,174% |
| Plant, machinery and equipment | 23 | €1,376 | €79,589 | +€78,213 | +5,686% |
| Furniture and vehicles | 24 | €2,188 | €1,459 | -€729 | -33.3% |
| Current assets | 29/58 | €558,449 | €826,126 | +€267,676 | +47.9% |
| Stocks and contracts in progress | 3 | €84,111 | €102,060 | +€17,949 | +21.3% |
| Stocks | 30/36 | €84,111 | €102,060 | +€17,949 | +21.3% |
| Amounts receivable within one year | 40/41 | €97,701 | €175,830 | +€78,130 | +80.0% |
| Trade receivables | 40 | €96,792 | €167,857 | +€71,066 | +73.4% |
| Other amounts receivable | 41 | €909 | €7,973 | +€7,064 | +777% |
| Current investments | 50/53 | €96,000 | €135,550 | +€39,550 | +41.2% |
| Cash at bank and in hand | 54/58 | €279,888 | €412,685 | +€132,797 | +47.4% |
| Deferred charges and accrued income | 490/1 | €750 | - | -€750 | |
| Total equity and liabilities | 10/49 | €562,013 | €907,173 | +€345,160 | +61.4% |
| Equity | 10/15 | €501,083 | €806,794 | +€305,711 | +61.0% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €500,883 | €806,594 | +€305,711 | +61.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €499,024 | €804,735 | +€305,711 | +61.3% |
| Amounts payable | 17/49 | €60,930 | €100,379 | +€39,449 | +64.7% |
| Amounts payable within one year | 42/48 | €60,930 | €100,379 | +€39,449 | +64.7% |
| Trade debts | 44 | €1,319 | €9,309 | +€7,989 | +606% |
| Suppliers | 440/4 | €1,319 | €9,309 | +€7,989 | +606% |
| Taxes, remuneration and social security | 45 | €50,859 | €74,024 | +€23,165 | +45.5% |
| Taxes | 450/3 | €16,101 | €41,064 | +€24,962 | +155% |
| Remuneration and social security | 454/9 | €34,758 | €32,961 | -€1,797 | -5.2% |
| Other amounts payable | 47/48 | €8,752 | €17,046 | +€8,294 | +94.8% |
| Remuneration, social security and pensions | 62 | €373,665 | €358,201 | -€15,463 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,417 | €3,345 | +€1,928 | +136% |
| Other operating charges | 640/8 | €1,651 | €1,272 | -€378 | -22.9% |
| Gross operating margin | 9900 | €543,532 | €823,838 | +€280,307 | +51.6% |
| Operating profit (loss) | 9901 | €166,800 | €461,020 | +€294,220 | +176% |
| Financial income | 75/76B | €2,592 | €2,845 | +€253 | +9.8% |
| Recurring financial income | 75 | €2,592 | €2,845 | +€253 | +9.8% |
| Financial charges | 65/66B | €5,752 | €5,517 | -€236 | -4.1% |
| Recurring financial charges | 65 | €5,752 | €5,517 | -€236 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €163,639 | €458,348 | +€294,709 | +180% |
| Income taxes | 67/77 | €33,132 | €145,031 | +€111,899 | +338% |
| Profit (loss) for the period | 9904 | €130,507 | €313,317 | +€182,810 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €130,507 | €313,317 | +€182,810 | +140% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.