FRAGIAN: 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.
FRAGIAN
Largest movements
- Cash +€20,147
up €20,147 (+32.5%), from €62,002 to €82,150
mainly Net result for the year (+€93,518) and Tax, wage and social debts (+€25,802)
- Tangible fixed assets -€11,463
down €11,463 (-32.0%), from €35,834 to €24,371
of which Furniture and vehicles: -€12,463
- Receivables within one year -€3,883
down €3,883 (-43.7%), from €8,881 to €4,998
of which Trade receivables: -€7,436
- Deferred charges and accrued income +€3,365
up €3,365 (+66.6%), from €5,051 to €8,416
- Tax, wage and social debts +€25,802
up €25,802 (+67.2%), from €38,401 to €64,203
of which Taxes: +€24,123
- Other debts -€10,071
down €10,071 (-8.3%), from €121,100 to €111,028
- Trade debts -€6,106
down €6,106 (-37.0%), from €16,501 to €10,395
- Debts after one year -€5,169
down €5,169 (-50.7%), from €10,193 to €5,023
- Reserves +€3,518
up €3,518 (+73.9%), from €4,762 to €8,281
of which Distributable reserves: +€3,518
- Gross operating margin -€21,527
down €21,527 (-9.8%), from €220,552 to €199,025
- Staff costs +€17,076
up €17,076 (+61.1%), from €27,937 to €45,013
- Taxes -€4,914
down €4,914 (-11.3%), from €43,673 to €38,758
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 | €218,131 | €226,410 | +€8,280 | +3.8% |
| Fixed assets | 21/28 | €141,291 | €129,828 | -€11,463 | -8.1% |
| Tangible fixed assets | 22/27 | €35,834 | €24,371 | -€11,463 | -32.0% |
| Plant, machinery and equipment | 23 | €743 | €2,996 | +€2,253 | +303% |
| Furniture and vehicles | 24 | €31,598 | €19,135 | -€12,463 | -39.4% |
| Other tangible fixed assets | 26 | €3,493 | €2,240 | -€1,253 | -35.9% |
| Financial fixed assets | 28 | €105,457 | €105,457 | = | 0.0% |
| Current assets | 29/58 | €76,840 | €96,583 | +€19,743 | +25.7% |
| Stocks and contracts in progress | 3 | €906 | €1,019 | +€113 | +12.5% |
| Stocks | 30/36 | €906 | €1,019 | +€113 | +12.5% |
| Amounts receivable within one year | 40/41 | €8,881 | €4,998 | -€3,883 | -43.7% |
| Trade receivables | 40 | €7,979 | €544 | -€7,436 | -93.2% |
| Other amounts receivable | 41 | €902 | €4,454 | +€3,553 | +394% |
| Cash at bank and in hand | 54/58 | €62,002 | €82,150 | +€20,147 | +32.5% |
| Deferred charges and accrued income | 490/1 | €5,051 | €8,416 | +€3,365 | +66.6% |
| Total equity and liabilities | 10/49 | €218,131 | €226,410 | +€8,280 | +3.8% |
| Equity | 10/15 | €27,073 | €30,591 | +€3,518 | +13.0% |
| Contributions | 10/11 | €22,310 | €22,310 | = | 0.0% |
| Reserves | 13 | €4,762 | €8,281 | +€3,518 | +73.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,762 | €8,281 | +€3,518 | +73.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €191,058 | €195,819 | +€4,761 | +2.5% |
| Amounts payable after more than one year | 17 | €10,193 | €5,023 | -€5,169 | -50.7% |
| Financial debts | 170/4 | €10,193 | €5,023 | -€5,169 | -50.7% |
| Amounts payable within one year | 42/48 | €180,865 | €190,796 | +€9,930 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €4,863 | €5,169 | +€306 | +6.3% |
| Trade debts | 44 | €16,501 | €10,395 | -€6,106 | -37.0% |
| Suppliers | 440/4 | €16,501 | €10,395 | -€6,106 | -37.0% |
| Taxes, remuneration and social security | 45 | €38,401 | €64,203 | +€25,802 | +67.2% |
| Taxes | 450/3 | €36,174 | €60,297 | +€24,123 | +66.7% |
| Remuneration and social security | 454/9 | €2,228 | €3,906 | +€1,679 | +75.4% |
| Other amounts payable | 47/48 | €121,100 | €111,028 | -€10,071 | -8.3% |
| Non-recurring operating income | 76A | €10,000 | €0 | -€10,000 | -100% |
| Remuneration, social security and pensions | 62 | €27,937 | €45,013 | +€17,076 | +61.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,871 | €14,505 | -€365 | -2.5% |
| Other operating charges | 640/8 | €4,423 | €3,164 | -€1,259 | -28.5% |
| Gross operating margin | 9900 | €220,552 | €199,025 | -€21,527 | -9.8% |
| Operating profit (loss) | 9901 | €173,322 | €136,343 | -€36,979 | -21.3% |
| Financial income | 75/76B | €1,450 | €3,184 | +€1,735 | +120% |
| Recurring financial income | 75 | €1,450 | €3,184 | +€1,735 | +120% |
| Financial charges | 65/66B | €6,392 | €7,250 | +€858 | +13.4% |
| Recurring financial charges | 65 | €6,392 | €7,250 | +€858 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €168,379 | €132,277 | -€36,103 | -21.4% |
| Income taxes | 67/77 | €43,673 | €38,758 | -€4,914 | -11.3% |
| Profit (loss) for the period | 9904 | €124,707 | €93,518 | -€31,188 | -25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €124,707 | €93,518 | -€31,188 | -25.0% |
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 16 October 2026 via checked.be.