FRAHOLD: 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.
FRAHOLD
Largest movements
- Receivables within one year -€87,910
down €87,910 (-29.1%), from €302,193 to €214,282
of which Trade receivables: -€99,593
- Cash +€22,380
up €22,380 (+45.7%), from €48,954 to €71,334
mainly Net result for the year (+€267,560) and Receivables within one year (+€87,910)
- Tangible fixed assets -€21,932
down €21,932 (-22.0%), from €99,541 to €77,609
- Other debts -€132,000
down €132,000 (-24.7%), from €533,921 to €401,921
- Profit (loss) carried forward +€67,560
up €67,560 (+6.1%), from €1.1m to €1.2m
- Debts after one year -€22,799
down €22,799 (-25.5%), from €89,295 to €66,496
- Financial income -€97,593
down €97,593 (-32.9%), from €296,888 to €199,295
of which Financial income: -€99,593
- Gross operating margin +€22,772
up €22,772 (+22.7%), from €100,290 to €123,061
- Depreciation +€8,520
up €8,520 (+59.0%), from €14,452 to €22,971
- Taxes +€5,019
up €5,019 (+24.3%), from €20,656 to €25,674
- Other operating charges -€2,297
down €2,297 (-53.3%), from €4,309 to €2,012
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 | €2,084,688 | €1,997,226 | -€87,463 | -4.2% |
| Fixed assets | 21/28 | €1,733,541 | €1,711,609 | -€21,932 | -1.3% |
| Tangible fixed assets | 22/27 | €99,541 | €77,609 | -€21,932 | -22.0% |
| Furniture and vehicles | 24 | €99,541 | €77,609 | -€21,932 | -22.0% |
| Financial fixed assets | 28 | €1,634,000 | €1,634,000 | = | 0.0% |
| Current assets | 29/58 | €351,147 | €285,617 | -€65,530 | -18.7% |
| Amounts receivable within one year | 40/41 | €302,193 | €214,282 | -€87,910 | -29.1% |
| Trade receivables | 40 | €297,848 | €198,256 | -€99,593 | -33.4% |
| Other amounts receivable | 41 | €4,344 | €16,027 | +€11,682 | +268.9% |
| Cash at bank and in hand | 54/58 | €48,954 | €71,334 | +€22,380 | +45.7% |
| Total equity and liabilities | 10/49 | €2,084,688 | €1,997,226 | -€87,463 | -4.2% |
| Equity | 10/15 | €1,437,587 | €1,505,147 | +€67,560 | +4.7% |
| Contributions | 10/11 | €261,000 | €261,000 | = | 0.0% |
| Capital | 10 | €261,000 | €261,000 | = | 0.0% |
| Issued capital | 100 | €261,000 | €261,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €70,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €70,000 | €70,000 | = | 0.0% |
| Legal reserve | 130 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,106,587 | €1,174,147 | +€67,560 | +6.1% |
| Amounts payable | 17/49 | €647,101 | €492,079 | -€155,023 | -24.0% |
| Amounts payable after more than one year | 17 | €89,295 | €66,496 | -€22,799 | -25.5% |
| Other amounts payable | 178/9 | €89,295 | €66,496 | -€22,799 | -25.5% |
| Amounts payable within one year | 42/48 | €557,807 | €425,583 | -€132,224 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €22,799 | €22,799 | = | 0.0% |
| Trade debts | 44 | - | €189 | +€189 | |
| Suppliers | 440/4 | - | €189 | +€189 | |
| Taxes, remuneration and social security | 45 | €1,087 | €674 | -€413 | -38.0% |
| Taxes | 450/3 | €1,087 | €674 | -€413 | -38.0% |
| Other amounts payable | 47/48 | €533,921 | €401,921 | -€132,000 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,452 | €22,971 | +€8,520 | +59.0% |
| Other operating charges | 640/8 | €4,309 | €2,012 | -€2,297 | -53.3% |
| Gross operating margin | 9900 | €100,290 | €123,061 | +€22,772 | +22.7% |
| Operating profit (loss) | 9901 | €81,529 | €98,079 | +€16,549 | +20.3% |
| Financial income | 75/76B | €296,888 | €199,295 | -€97,593 | -32.9% |
| Recurring financial income | 75 | €296,888 | €197,295 | -€99,593 | -33.5% |
| Non-recurring financial income | 76B | - | €2,000 | +€2,000 | |
| Financial charges | 65/66B | €2,752 | €4,140 | +€1,387 | +50.4% |
| Recurring financial charges | 65 | €2,752 | €4,140 | +€1,387 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €375,665 | €293,234 | -€82,431 | -21.9% |
| Income taxes | 67/77 | €20,656 | €25,674 | +€5,019 | +24.3% |
| Profit (loss) for the period | 9904 | €355,009 | €267,560 | -€87,450 | -24.6% |
| Profit (loss) for the period to be appropriated | 9905 | €355,009 | €267,560 | -€87,450 | -24.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.