FRAGEE: 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.
FRAGEE
Largest movements
- Tangible fixed assets +€288,964
up €288,964 (+14.3%), from €2.0m to €2.3m
of which Land and buildings: +€292,635
- Cash -€102,201
down €102,201 (-76.0%), from €134,534 to €32,333
mainly Investment in fixed assets (net) (-€485,265) and Receivables within one year (-€78,467)
- Receivables within one year +€78,467
up €78,467 (+58.0%), from €135,239 to €213,706
of which Trade receivables: +€60,942
- Other debts +€144,000
up €144,000 (+2682.3%), from €5,368 to €149,368
- Reserves +€104,162
up €104,162 (+7.2%), from €1.4m to €1.6m
- Trade debts +€85,563
up €85,563 (+41.2%), from €207,783 to €293,345
- Tax, wage and social debts -€39,446
down €39,446 (-73.1%), from €53,970 to €14,524
- Depreciation +€57,506
up €57,506 (+41.4%), from €138,794 to €196,301
- Gross operating margin -€26,362
down €26,362 (-6.8%), from €388,166 to €361,804
- Taxes -€20,470
down €20,470 (-41.0%), from €49,986 to €29,516
- Financial income -€12,425
down €12,425 (-99.6%), from €12,470 to €45
- Provisions +€9,930
no longer reported in 2025 (was -€9,930)
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 | €2,561,087 | €2,838,946 | +€277,858 | +10.8% |
| Fixed assets | 21/28 | €2,291,199 | €2,580,164 | +€288,964 | +12.6% |
| Tangible fixed assets | 22/27 | €2,021,492 | €2,310,456 | +€288,964 | +14.3% |
| Land and buildings | 22 | €1,831,239 | €2,123,873 | +€292,635 | +16.0% |
| Plant, machinery and equipment | 23 | €118,643 | €79,343 | -€39,300 | -33.1% |
| Furniture and vehicles | 24 | €71,610 | €47,273 | -€24,337 | -34.0% |
| Assets under construction and advance payments | 27 | - | €59,967 | +€59,967 | |
| Financial fixed assets | 28 | €269,707 | €269,707 | = | 0.0% |
| Current assets | 29/58 | €269,888 | €258,782 | -€11,106 | -4.1% |
| Amounts receivable within one year | 40/41 | €135,239 | €213,706 | +€78,467 | +58.0% |
| Trade receivables | 40 | €135,239 | €196,181 | +€60,942 | +45.1% |
| Other amounts receivable | 41 | - | €17,526 | +€17,526 | |
| Current investments | 50/53 | €115 | €10,146 | +€10,031 | +8722.7% |
| Cash at bank and in hand | 54/58 | €134,534 | €32,333 | -€102,201 | -76.0% |
| Deferred charges and accrued income | 490/1 | - | €2,597 | +€2,597 | |
| Total equity and liabilities | 10/49 | €2,561,087 | €2,838,946 | +€277,858 | +10.8% |
| Equity | 10/15 | €1,466,964 | €1,571,125 | +€104,162 | +7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,448,364 | €1,552,525 | +€104,162 | +7.2% |
| Distributable reserves | 133 | €1,448,364 | €1,552,525 | +€104,162 | +7.2% |
| Provisions and deferred taxes | 16 | €264,643 | €264,643 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €264,643 | €264,643 | = | 0.0% |
| Pensions and similar obligations | 160 | €264,643 | €264,643 | = | 0.0% |
| Amounts payable | 17/49 | €829,481 | €1,003,177 | +€173,696 | +20.9% |
| Amounts payable after more than one year | 17 | €516,884 | €489,546 | -€27,338 | -5.3% |
| Financial debts | 170/4 | €516,121 | €477,873 | -€38,248 | -7.4% |
| Other amounts payable | 178/9 | €762 | €11,673 | +€10,911 | +1431.3% |
| Amounts payable within one year | 42/48 | €304,972 | €495,486 | +€190,514 | +62.5% |
| Current portion of amounts payable after more than one year | 42 | €37,851 | €38,248 | +€397 | +1.0% |
| Trade debts | 44 | €207,783 | €293,345 | +€85,563 | +41.2% |
| Suppliers | 440/4 | €207,783 | €293,345 | +€85,563 | +41.2% |
| Taxes, remuneration and social security | 45 | €53,970 | €14,524 | -€39,446 | -73.1% |
| Taxes | 450/3 | €53,970 | €14,524 | -€39,446 | -73.1% |
| Other amounts payable | 47/48 | €5,368 | €149,368 | +€144,000 | +2682.3% |
| Accrued charges and deferred income | 492/3 | €7,625 | €18,145 | +€10,520 | +138.0% |
| Non-recurring operating income | 76A | €16,983 | - | -€16,983 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,794 | €196,301 | +€57,506 | +41.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€9,930 | - | +€9,930 | |
| Other operating charges | 640/8 | €8,091 | €12,871 | +€4,780 | +59.1% |
| Gross operating margin | 9900 | €388,166 | €361,804 | -€26,362 | -6.8% |
| Operating profit (loss) | 9901 | €251,211 | €152,633 | -€98,578 | -39.2% |
| Financial income | 75/76B | €12,470 | €45 | -€12,425 | -99.6% |
| Recurring financial income | 75 | €12,470 | €45 | -€12,425 | -99.6% |
| Financial charges | 65/66B | €19,266 | €18,999 | -€266 | -1.4% |
| Recurring financial charges | 65 | €19,266 | €18,999 | -€266 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €244,414 | €133,678 | -€110,737 | -45.3% |
| Income taxes | 67/77 | €49,986 | €29,516 | -€20,470 | -41.0% |
| Profit (loss) for the period | 9904 | €194,428 | €104,162 | -€90,266 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €194,428 | €104,162 | -€90,266 | -46.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.