FRAHERO: 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.
FRAHERO
Largest movements
- Tangible fixed assets -€14,179
down €14,179 (-35.0%), from €40,476 to €26,297
of which Furniture and vehicles: -€10,310
- Cash +€7,461
up €7,461 (+2626.5%), from €284 to €7,746
mainly Depreciation (+€25,464) and Other debts (+€5,664)
- Receivables within one year +€1,600
up €1,600 (+433.2%), from €369 to €1,970
of which Trade receivables: +€935
- Current portion of long-term debt -€7,478
down €7,478 (-100.0%), from €7,478 to €0
- Other debts +€5,664
up €5,664 (+5.5%), from €103,276 to €108,940
- Trade debts -€5,109
down €5,109 (-75.7%), from €6,751 to €1,642
- Profit (loss) carried forward +€1,716
up €1,716 (+1.8%), from -€94,243 to -€92,528
- Gross operating margin +€33,043
up €33,043, from -€4,956 to €28,087
- Depreciation -€6,456
down €6,456 (-20.2%), from €31,920 to €25,464
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 | €41,811 | €36,604 | -€5,207 | -12.5% |
| Fixed assets | 21/28 | €40,793 | €26,514 | -€14,279 | -35.0% |
| Intangible fixed assets | 21 | €317 | €217 | -€100 | -31.5% |
| Tangible fixed assets | 22/27 | €40,476 | €26,297 | -€14,179 | -35.0% |
| Plant, machinery and equipment | 23 | €18,547 | €14,678 | -€3,869 | -20.9% |
| Furniture and vehicles | 24 | €21,929 | €11,619 | -€10,310 | -47.0% |
| Current assets | 29/58 | €1,019 | €10,090 | +€9,072 | +890.6% |
| Amounts receivable within one year | 40/41 | €369 | €1,970 | +€1,600 | +433.2% |
| Trade receivables | 40 | €0 | €935 | +€935 | |
| Other amounts receivable | 41 | €369 | €1,035 | +€666 | +180.1% |
| Cash at bank and in hand | 54/58 | €284 | €7,746 | +€7,461 | +2626.5% |
| Deferred charges and accrued income | 490/1 | €365 | €375 | +€10 | +2.7% |
| Total equity and liabilities | 10/49 | €41,811 | €36,604 | -€5,207 | -12.5% |
| Equity | 10/15 | -€75,693 | -€73,978 | +€1,716 | +2.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€94,243 | -€92,528 | +€1,716 | +1.8% |
| Amounts payable | 17/49 | €117,505 | €110,582 | -€6,923 | -5.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €117,505 | €110,582 | -€6,923 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €7,478 | €0 | -€7,478 | -100.0% |
| Trade debts | 44 | €6,751 | €1,642 | -€5,109 | -75.7% |
| Suppliers | 440/4 | €6,751 | €1,642 | -€5,109 | -75.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €103,276 | €108,940 | +€5,664 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,920 | €25,464 | -€6,456 | -20.2% |
| Other operating charges | 640/8 | €970 | €823 | -€146 | -15.1% |
| Gross operating margin | 9900 | -€4,956 | €28,087 | +€33,043 | |
| Operating profit (loss) | 9901 | -€37,846 | €1,800 | +€39,646 | |
| Financial charges | 65/66B | €357 | €84 | -€272 | -76.4% |
| Recurring financial charges | 65 | €357 | €84 | -€272 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | -€38,203 | €1,716 | +€39,918 | |
| Profit (loss) for the period | 9904 | -€38,203 | €1,716 | +€39,918 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,203 | €1,716 | +€39,918 |
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.