FRAGENERGY: 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.
FRAGENERGY
Largest movements
- Stocks and contracts +€228,733
up €228,733 (+1049.2%), from €21,800 to €250,533
- Cash -€56,295
down €56,295 (-81.4%), from €69,201 to €12,906
mainly Stocks and contracts (-€228,733) and Receivables within one year (-€44,183)
- Receivables within one year +€44,183
up €44,183 (+124.6%), from €35,450 to €79,633
of which Trade receivables: +€42,587
- Intangible fixed assets +€7,423
new in 2024: €7,423
- Tangible fixed assets +€4,625
up €4,625 (+273.1%), from €1,693 to €6,318
of which Furniture and vehicles: +€5,066
- Profit (loss) carried forward +€121,704
up €121,704 (+536.1%), from €22,703 to €144,407
- Trade debts +€78,792
up €78,792 (+218.3%), from €36,099 to €114,891
- Tax, wage and social debts +€34,797
up €34,797 (+616.9%), from €5,640 to €40,438
- Other debts -€6,575
down €6,575 (-9.4%), from €69,762 to €63,187
- Gross operating margin +€131,552
up €131,552 (+411.6%), from €31,962 to €163,515
- Taxes +€29,157
up €29,157 (+516.9%), from €5,640 to €34,797
- Financial charges +€3,522
up €3,522 (+1143.4%), from €308 to €3,830
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €139,205 | €367,923 | +€228,718 | +164.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €11,143 | €23,191 | +€12,048 | +108.1% |
| Intangible fixed assets | 21 | - | €7,423 | +€7,423 | |
| Tangible fixed assets | 22/27 | €1,693 | €6,318 | +€4,625 | +273.1% |
| Plant, machinery and equipment | 23 | €1,693 | €1,252 | -€442 | -26.1% |
| Furniture and vehicles | 24 | - | €5,066 | +€5,066 | |
| Financial fixed assets | 28 | €9,450 | €9,450 | = | 0.0% |
| Current assets | 29/58 | €128,061 | €344,732 | +€216,671 | +169.2% |
| Stocks and contracts in progress | 3 | €21,800 | €250,533 | +€228,733 | +1049.2% |
| Stocks | 30/36 | €21,800 | €250,533 | +€228,733 | +1049.2% |
| Amounts receivable within one year | 40/41 | €35,450 | €79,633 | +€44,183 | +124.6% |
| Trade receivables | 40 | €33,756 | €76,343 | +€42,587 | +126.2% |
| Other amounts receivable | 41 | €1,694 | €3,289 | +€1,596 | +94.2% |
| Cash at bank and in hand | 54/58 | €69,201 | €12,906 | -€56,295 | -81.4% |
| Deferred charges and accrued income | 490/1 | €1,610 | €1,660 | +€50 | +3.1% |
| Total equity and liabilities | 10/49 | €139,205 | €367,923 | +€228,718 | +164.3% |
| Equity | 10/15 | €27,703 | €149,407 | +€121,704 | +439.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,703 | €144,407 | +€121,704 | +536.1% |
| Amounts payable | 17/49 | €111,502 | €218,516 | +€107,014 | +96.0% |
| Amounts payable within one year | 42/48 | €111,502 | €218,516 | +€107,014 | +96.0% |
| Trade debts | 44 | €36,099 | €114,891 | +€78,792 | +218.3% |
| Suppliers | 440/4 | €36,099 | €114,891 | +€78,792 | +218.3% |
| Taxes, remuneration and social security | 45 | €5,640 | €40,438 | +€34,797 | +616.9% |
| Taxes | 450/3 | €5,640 | €40,438 | +€34,797 | +616.9% |
| Other amounts payable | 47/48 | €69,762 | €63,187 | -€6,575 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,311 | €3,278 | -€33 | -1.0% |
| Gross operating margin | 9900 | €31,962 | €163,515 | +€131,552 | +411.6% |
| Operating profit (loss) | 9901 | €28,651 | €160,236 | +€131,586 | +459.3% |
| Financial income | 75/76B | €0 | €95 | +€95 | +41300.0% |
| Recurring financial income | 75 | €0 | €95 | +€95 | +41300.0% |
| Financial charges | 65/66B | €308 | €3,830 | +€3,522 | +1143.4% |
| Recurring financial charges | 65 | €308 | €3,830 | +€3,522 | +1143.4% |
| Profit (loss) for the period before taxes | 9903 | €28,343 | €156,501 | +€128,158 | +452.2% |
| Income taxes | 67/77 | €5,640 | €34,797 | +€29,157 | +516.9% |
| Profit (loss) for the period | 9904 | €22,703 | €121,704 | +€99,002 | +436.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,703 | €121,704 | +€99,002 | +436.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.