FRAGAU: 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.
FRAGAU
Largest movements
- Tangible fixed assets -€13,169
down €13,169 (-2.3%), from €573,189 to €560,020
of which Land and buildings: -€12,183
- Profit (loss) carried forward -€9,730
down €9,730 (-1.8%), from €530,646 to €520,916
- Gross operating margin +€1,022
up €1,022 (+19.2%), from €5,334 to €6,356
- Depreciation -€205
down €205 (-1.5%), from €13,374 to €13,169
- Other operating charges -€204
down €204 (-6.9%), from €2,942 to €2,738
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 | €652,072 | €641,756 | -€10,316 | -1.6% |
| Fixed assets | 21/28 | €573,189 | €560,020 | -€13,169 | -2.3% |
| Tangible fixed assets | 22/27 | €573,189 | €560,020 | -€13,169 | -2.3% |
| Land and buildings | 22 | €572,086 | €559,903 | -€12,183 | -2.1% |
| Plant, machinery and equipment | 23 | €772 | €0 | -€772 | -100.0% |
| Furniture and vehicles | 24 | €331 | €117 | -€214 | -64.7% |
| Current assets | 29/58 | €78,883 | €81,735 | +€2,852 | +3.6% |
| Cash at bank and in hand | 54/58 | €78,883 | €81,735 | +€2,852 | +3.6% |
| Total equity and liabilities | 10/49 | €652,072 | €641,756 | -€10,316 | -1.6% |
| Equity | 10/15 | €644,594 | €634,865 | -€9,729 | -1.5% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €95,356 | €95,357 | +€1 | 0.0% |
| Distributable reserves | 133 | €95,356 | €95,357 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | €530,646 | €520,916 | -€9,730 | -1.8% |
| Amounts payable | 17/49 | €7,478 | €6,891 | -€587 | -7.9% |
| Amounts payable within one year | 42/48 | €7,478 | €6,891 | -€587 | -7.9% |
| Other amounts payable | 47/48 | €7,478 | €6,891 | -€587 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,374 | €13,169 | -€205 | -1.5% |
| Other operating charges | 640/8 | €2,942 | €2,738 | -€204 | -6.9% |
| Gross operating margin | 9900 | €5,334 | €6,356 | +€1,022 | +19.2% |
| Operating profit (loss) | 9901 | -€10,982 | -€9,550 | +€1,432 | +13.0% |
| Financial charges | 65/66B | €155 | €180 | +€25 | +16.3% |
| Recurring financial charges | 65 | €155 | €180 | +€25 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,137 | -€9,730 | +€1,407 | +12.6% |
| Profit (loss) for the period | 9904 | -€11,137 | -€9,730 | +€1,407 | +12.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,137 | -€9,730 | +€1,407 | +12.6% |
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 15 October 2026 via checked.be.