FRAHOREX: 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.
FRAHOREX
Largest movements
- Tangible fixed assets +€19,533
up €19,533 (+25.8%), from €75,682 to €95,215
of which Furniture and vehicles: +€19,669
- Cash +€14,540
up €14,540 (+61.1%), from €23,791 to €38,330
mainly Depreciation (+€28,365) and Debts after one year (+€18,823)
- Receivables within one year +€4,225
up €4,225 (+13.4%), from €31,541 to €35,766
of which Other amounts receivable: +€3,994
- Debts after one year +€18,823
new in 2025: €18,823
- Current portion of long-term debt +€8,572
new in 2025: €8,572
- Profit (loss) carried forward +€6,843
up €6,843 (+5.8%), from €117,969 to €124,813
- Tax, wage and social debts +€5,132
up €5,132 (+143%), from €3,578 to €8,710
- Depreciation +€8,571
up €8,571 (+43.3%), from €19,793 to €28,365
- Gross operating margin +€4,332
up €4,332 (+10.9%), from €39,731 to €44,063
- Other operating charges +€1,663
up €1,663 (+127%), from €1,306 to €2,969
- Financial charges +€871
up €871 (+532%), from €164 to €1,034
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 | €133,317 | €171,306 | +€37,989 | +28.5% |
| Fixed assets | 21/28 | €75,682 | €95,215 | +€19,533 | +25.8% |
| Tangible fixed assets | 22/27 | €75,682 | €95,215 | +€19,533 | +25.8% |
| Land and buildings | 22 | €21,568 | €17,496 | -€4,071 | -18.9% |
| Plant, machinery and equipment | 23 | €4,914 | €8,850 | +€3,935 | +80.1% |
| Furniture and vehicles | 24 | €49,200 | €68,869 | +€19,669 | +40.0% |
| Current assets | 29/58 | €57,635 | €76,091 | +€18,456 | +32.0% |
| Amounts receivable within one year | 40/41 | €31,541 | €35,766 | +€4,225 | +13.4% |
| Trade receivables | 40 | - | €231 | +€231 | |
| Other amounts receivable | 41 | €31,541 | €35,535 | +€3,994 | +12.7% |
| Cash at bank and in hand | 54/58 | €23,791 | €38,330 | +€14,540 | +61.1% |
| Deferred charges and accrued income | 490/1 | €2,303 | €1,995 | -€308 | -13.4% |
| Total equity and liabilities | 10/49 | €133,317 | €171,306 | +€37,989 | +28.5% |
| Equity | 10/15 | €126,029 | €132,873 | +€6,843 | +5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,969 | €124,813 | +€6,843 | +5.8% |
| Amounts payable | 17/49 | €7,287 | €38,433 | +€31,146 | +427% |
| Amounts payable after more than one year | 17 | - | €18,823 | +€18,823 | |
| Financial debts | 170/4 | - | €18,823 | +€18,823 | |
| Amounts payable within one year | 42/48 | €7,287 | €19,611 | +€12,323 | +169% |
| Current portion of amounts payable after more than one year | 42 | - | €8,572 | +€8,572 | |
| Trade debts | 44 | €3,710 | €2,329 | -€1,381 | -37.2% |
| Suppliers | 440/4 | €3,710 | €2,329 | -€1,381 | -37.2% |
| Taxes, remuneration and social security | 45 | €3,578 | €8,710 | +€5,132 | +143% |
| Taxes | 450/3 | €3,578 | €8,710 | +€5,132 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,793 | €28,365 | +€8,571 | +43.3% |
| Other operating charges | 640/8 | €1,306 | €2,969 | +€1,663 | +127% |
| Gross operating margin | 9900 | €39,731 | €44,063 | +€4,332 | +10.9% |
| Operating profit (loss) | 9901 | €18,632 | €12,729 | -€5,903 | -31.7% |
| Financial income | 75/76B | €82 | €53 | -€29 | -35.1% |
| Recurring financial income | 75 | €82 | €53 | -€29 | -35.1% |
| Financial charges | 65/66B | €164 | €1,034 | +€871 | +532% |
| Recurring financial charges | 65 | €164 | €1,034 | +€871 | +532% |
| Profit (loss) for the period before taxes | 9903 | €18,550 | €11,748 | -€6,802 | -36.7% |
| Income taxes | 67/77 | €5,135 | €4,905 | -€231 | -4.5% |
| Profit (loss) for the period | 9904 | €13,415 | €6,843 | -€6,572 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,415 | €6,843 | -€6,572 | -49.0% |
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 22 October 2026 via checked.be.