FRAGINE: 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.
What changed
FRAGINE
NACE 47.512, Retail sale of household textiles and bedding
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€135,013
2024 · -€1,418+€136,431
Equity
€589,032
2024 · €454,656+€134,375
Cash
€53,497
2024 · €60,185-€6,688
Balance sheet total
€2.1m
2024 · €2.1m-€73,425
Largest movements
Assets
- Tangible fixed assets -€146,660
down €146,660 (-8.5%), from €1.7m to €1.6m
of which Land and buildings: -€129,863
- Stocks and contracts +€73,040
up €73,040 (+21.9%), from €333,034 to €406,075
Equity and liabilities
- Profit (loss) carried forward +€135,013
up €135,013 (+70.4%), from -€191,733 to -€56,720
- Debts after one year -€117,544
down €117,544 (-13.7%), from €857,544 to €740,000
- Tax, wage and social debts -€47,130
down €47,130 (-31.7%), from €148,857 to €101,726
of which Taxes: -€32,340
- Trade debts -€27,171
down €27,171 (-9.3%), from €291,907 to €264,736
Income statement
- Gross operating margin +€162,640
up €162,640 (+29.8%), from €546,277 to €708,917
- Write-downs +€14,966
up €14,966, from -€9,779 to €5,187
- Financial charges +€10,577
up €10,577 (+20.5%), from €51,618 to €62,195
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.
Result 2024
-€1,418
Gross operating margin
+€162,640
Staff costs
-€439
Depreciation
+€314
Write-downs
-€14,966
Other operating charges
-€813
Financial income
+€292
Financial charges
-€10,577
Taxes
-€20
Result 2025
€135,013
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.
From operations
+€141,356
Investment
-€9,186
Financing
-€138,859
Cash 2024
€60,185
From operations (derived)
+€141,356
Net result for the year
+€135,013
Depreciation
+€155,845
Stocks and contracts
-€73,040
Receivables within one year
-€5,720
Deferred charges and accrued income
-€1,162
Provisions
-€213
Trade debts
-€27,171
Tax, wage and social debts
-€47,130
Other debts
+€3,946
Accrued charges and deferred income
+€987
Investment (derived)
-€9,186
Investment in fixed assets (net)
-€9,186
Financing
-€138,859
Debts after one year
-€117,544
Current portion of long-term debt
-€20,677
Contributions, distributions and other
-€638
Cash 2025
€53,497
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,147,595 | €2,074,169 | -€73,425 | -3.4% |
| Fixed assets | 21/28 | €1,735,232 | €1,588,573 | -€146,660 | -8.5% |
| Tangible fixed assets | 22/27 | €1,734,886 | €1,588,226 | -€146,660 | -8.5% |
| Land and buildings | 22 | €1,694,622 | €1,564,759 | -€129,863 | -7.7% |
| Plant, machinery and equipment | 23 | €6,771 | €7,807 | +€1,037 | +15.3% |
| Furniture and vehicles | 24 | €8,219 | €6,622 | -€1,597 | -19.4% |
| Leasing and similar rights | 25 | €16,751 | €0 | -€16,751 | -100.0% |
| Other tangible fixed assets | 26 | €8,523 | €9,038 | +€514 | +6.0% |
| Financial fixed assets | 28 | €347 | €347 | = | 0.0% |
| Current assets | 29/58 | €412,362 | €485,597 | +€73,234 | +17.8% |
| Stocks and contracts in progress | 3 | €333,034 | €406,075 | +€73,040 | +21.9% |
| Stocks | 30/36 | €333,034 | €406,075 | +€73,040 | +21.9% |
| Amounts receivable within one year | 40/41 | €3,010 | €8,730 | +€5,720 | +190.1% |
| Trade receivables | 40 | €2,087 | €4,270 | +€2,183 | +104.6% |
| Other amounts receivable | 41 | €922 | €4,460 | +€3,538 | +383.6% |
| Cash at bank and in hand | 54/58 | €60,185 | €53,497 | -€6,688 | -11.1% |
| Deferred charges and accrued income | 490/1 | €16,133 | €17,295 | +€1,162 | +7.2% |
| Total equity and liabilities | 10/49 | €2,147,595 | €2,074,169 | -€73,425 | -3.4% |
| Equity | 10/15 | €454,656 | €589,032 | +€134,375 | +29.6% |
| Contributions | 10/11 | €362,500 | €362,500 | = | 0.0% |
| Reserves | 13 | €281,604 | €281,604 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,987 | €6,987 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,987 | €6,987 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €218,367 | €218,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,733 | -€56,720 | +€135,013 | +70.4% |
| Investment grants | 15 | €2,285 | €1,648 | -€638 | -27.9% |
| Provisions and deferred taxes | 16 | €762 | €549 | -€213 | -27.9% |
| Deferred taxes | 168 | €762 | €549 | -€213 | -27.9% |
| Amounts payable | 17/49 | €1,692,177 | €1,484,589 | -€207,588 | -12.3% |
| Amounts payable after more than one year | 17 | €857,544 | €740,000 | -€117,544 | -13.7% |
| Financial debts | 170/4 | €857,544 | €740,000 | -€117,544 | -13.7% |
| Amounts payable within one year | 42/48 | €834,633 | €743,602 | -€91,031 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €137,395 | €116,718 | -€20,677 | -15.0% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €291,907 | €264,736 | -€27,171 | -9.3% |
| Suppliers | 440/4 | €291,907 | €264,736 | -€27,171 | -9.3% |
| Taxes, remuneration and social security | 45 | €148,857 | €101,726 | -€47,130 | -31.7% |
| Taxes | 450/3 | €68,416 | €36,077 | -€32,340 | -47.3% |
| Remuneration and social security | 454/9 | €80,440 | €65,650 | -€14,790 | -18.4% |
| Other amounts payable | 47/48 | €6,475 | €10,421 | +€3,946 | +60.9% |
| Accrued charges and deferred income | 492/3 | €0 | €987 | +€987 | |
| Remuneration, social security and pensions | 62 | €330,540 | €330,979 | +€439 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,160 | €155,845 | -€314 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,779 | €5,187 | +€14,966 | |
| Other operating charges | 640/8 | €21,393 | €22,206 | +€813 | +3.8% |
| Gross operating margin | 9900 | €546,277 | €708,917 | +€162,640 | +29.8% |
| Operating profit (loss) | 9901 | €47,964 | €194,700 | +€146,736 | +305.9% |
| Financial income | 75/76B | €2,711 | €3,003 | +€292 | +10.8% |
| Recurring financial income | 75 | €2,711 | €3,003 | +€292 | +10.8% |
| Financial charges | 65/66B | €51,618 | €62,195 | +€10,577 | +20.5% |
| Recurring financial charges | 65 | €51,618 | €62,195 | +€10,577 | +20.5% |
| Profit (loss) for the period before taxes | 9903 | -€943 | €135,508 | +€136,451 | |
| Transfer from deferred taxes | 780 | €213 | €213 | = | 0.0% |
| Income taxes | 67/77 | €688 | €708 | +€20 | +2.9% |
| Profit (loss) for the period | 9904 | -€1,418 | €135,013 | +€136,431 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,418 | €135,013 | +€136,431 |
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 10 October 2026 via checked.be.