Fragel: 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.
Fragel
Largest movements
- Receivables within one year -€7,658
down €7,658 (-52.0%), from €14,732 to €7,073
- Tangible fixed assets +€2,270
up €2,270 (+135.3%), from €1,678 to €3,948
of which Furniture and vehicles: +€3,948
- Current portion of long-term debt -€16,489
down €16,489 (-65.9%), from €25,029 to €8,539
- Short-term financial debts +€11,743
new in 2025: €11,743
- Debts after one year -€8,539
no longer reported in 2025 (was €8,539)
- Other debts +€8,173
up €8,173 (+5.9%), from €138,284 to €146,458
- Profit (loss) carried forward -€217
down €217 (-0.1%), from -€196,329 to -€196,546
- Other operating charges +€4,552
up €4,552 (+618.5%), from €736 to €5,288
- Gross operating margin -€2,233
down €2,233 (-22.4%), from €9,977 to €7,744
- Depreciation +€1,217
new in 2025: €1,217
- Financial charges -€1,164
down €1,164 (-53.3%), from €2,185 to €1,021
- Taxes +€371
up €371 (+578.7%), from €64 to €435
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 | €21,231 | €15,811 | -€5,420 | -25.5% |
| Fixed assets | 21/28 | €1,678 | €3,948 | +€2,270 | +135.3% |
| Tangible fixed assets | 22/27 | €1,678 | €3,948 | +€2,270 | +135.3% |
| Plant, machinery and equipment | 23 | €1,678 | - | -€1,678 | |
| Furniture and vehicles | 24 | - | €3,948 | +€3,948 | |
| Current assets | 29/58 | €19,553 | €11,863 | -€7,690 | -39.3% |
| Amounts receivable within one year | 40/41 | €14,732 | €7,073 | -€7,658 | -52.0% |
| Trade receivables | 40 | €14,732 | €7,073 | -€7,658 | -52.0% |
| Cash at bank and in hand | 54/58 | €4,822 | €4,790 | -€32 | -0.7% |
| Total equity and liabilities | 10/49 | €21,231 | €15,811 | -€5,420 | -25.5% |
| Equity | 10/15 | -€152,663 | -€152,881 | -€217 | -0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €25,074 | €25,074 | = | 0.0% |
| 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 | €23,215 | €23,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€196,329 | -€196,546 | -€217 | -0.1% |
| Amounts payable | 17/49 | €173,894 | €168,692 | -€5,203 | -3.0% |
| Amounts payable after more than one year | 17 | €8,539 | - | -€8,539 | |
| Financial debts | 170/4 | €8,539 | - | -€8,539 | |
| Amounts payable within one year | 42/48 | €165,355 | €168,692 | +€3,336 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €25,029 | €8,539 | -€16,489 | -65.9% |
| Financial debts | 43 | - | €11,743 | +€11,743 | |
| Other loans | 439 | - | €11,743 | +€11,743 | |
| Taxes, remuneration and social security | 45 | €2,042 | €1,952 | -€90 | -4.4% |
| Taxes | 450/3 | €2,042 | €1,952 | -€90 | -4.4% |
| Other amounts payable | 47/48 | €138,284 | €146,458 | +€8,173 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,217 | +€1,217 | |
| Other operating charges | 640/8 | €736 | €5,288 | +€4,552 | +618.5% |
| Gross operating margin | 9900 | €9,977 | €7,744 | -€2,233 | -22.4% |
| Operating profit (loss) | 9901 | €9,241 | €1,239 | -€8,002 | -86.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,185 | €1,021 | -€1,164 | -53.3% |
| Recurring financial charges | 65 | €2,185 | €1,021 | -€1,164 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €7,056 | €217 | -€6,838 | -96.9% |
| Income taxes | 67/77 | €64 | €435 | +€371 | +578.7% |
| Profit (loss) for the period | 9904 | €6,992 | -€217 | -€7,209 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,992 | -€217 | -€7,209 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.