FRAICO: 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.
FRAICO
Largest movements
- Cash -€41,499
down €41,499 (-47.7%), from €86,979 to €45,480
mainly Other debts (-€38,285) and Debts after one year (-€34,167)
- Tangible fixed assets -€21,749
down €21,749 (-4.5%), from €479,323 to €457,574
of which Land and buildings: -€27,300
- Receivables within one year +€8,631
up €8,631 (+49.3%), from €17,523 to €26,154
of which Trade receivables: +€9,109
- Other debts -€38,285
down €38,285 (-12.0%), from €319,461 to €281,177
- Reserves +€37,000
new in 2025: €37,000
- Debts after one year -€34,167
down €34,167 (-100.0%), from €34,167 to €0
- Tax, wage and social debts -€20,938
down €20,938 (-42.8%), from €48,891 to €27,953
of which Taxes: -€23,549
- Trade debts +€11,373
up €11,373 (+84.8%), from €13,408 to €24,781
- Gross operating margin -€69,184
down €69,184 (-16.1%), from €430,497 to €361,313
- Staff costs -€10,159
down €10,159 (-4.1%), from €248,917 to €238,758
- Taxes -€8,078
down €8,078 (-27.7%), from €29,173 to €21,095
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 | €593,390 | €540,316 | -€53,074 | -8.9% |
| Fixed assets | 21/28 | €481,422 | €459,673 | -€21,749 | -4.5% |
| Tangible fixed assets | 22/27 | €479,323 | €457,574 | -€21,749 | -4.5% |
| Land and buildings | 22 | €433,038 | €405,737 | -€27,300 | -6.3% |
| Plant, machinery and equipment | 23 | €46,285 | €51,837 | +€5,551 | +12.0% |
| Financial fixed assets | 28 | €2,099 | €2,099 | = | 0.0% |
| Current assets | 29/58 | €111,968 | €80,643 | -€31,325 | -28.0% |
| Stocks and contracts in progress | 3 | €3,666 | €5,095 | +€1,429 | +39.0% |
| Stocks | 30/36 | €3,666 | €5,095 | +€1,429 | +39.0% |
| Amounts receivable within one year | 40/41 | €17,523 | €26,154 | +€8,631 | +49.3% |
| Trade receivables | 40 | €15,033 | €24,142 | +€9,109 | +60.6% |
| Other amounts receivable | 41 | €2,490 | €2,012 | -€478 | -19.2% |
| Cash at bank and in hand | 54/58 | €86,979 | €45,480 | -€41,499 | -47.7% |
| Deferred charges and accrued income | 490/1 | €3,800 | €3,913 | +€114 | +3.0% |
| Total equity and liabilities | 10/49 | €593,390 | €540,316 | -€53,074 | -8.9% |
| Equity | 10/15 | €112,590 | €152,169 | +€39,579 | +35.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | - | €37,000 | +€37,000 | |
| Distributable reserves | 133 | - | €37,000 | +€37,000 | |
| Profit (loss) carried forward | 14 | €50,590 | €53,169 | +€2,579 | +5.1% |
| Amounts payable | 17/49 | €480,799 | €388,147 | -€92,653 | -19.3% |
| Amounts payable after more than one year | 17 | €34,167 | €0 | -€34,167 | -100.0% |
| Financial debts | 170/4 | €34,167 | €0 | -€34,167 | -100.0% |
| Amounts payable within one year | 42/48 | €431,803 | €380,541 | -€51,262 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €50,042 | €46,630 | -€3,412 | -6.8% |
| Trade debts | 44 | €13,408 | €24,781 | +€11,373 | +84.8% |
| Suppliers | 440/4 | €13,408 | €24,781 | +€11,373 | +84.8% |
| Taxes, remuneration and social security | 45 | €48,891 | €27,953 | -€20,938 | -42.8% |
| Taxes | 450/3 | €29,124 | €5,575 | -€23,549 | -80.9% |
| Remuneration and social security | 454/9 | €19,767 | €22,378 | +€2,611 | +13.2% |
| Other amounts payable | 47/48 | €319,461 | €281,177 | -€38,285 | -12.0% |
| Accrued charges and deferred income | 492/3 | €14,830 | €7,606 | -€7,224 | -48.7% |
| Remuneration, social security and pensions | 62 | €248,917 | €238,758 | -€10,159 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,028 | €35,082 | +€53 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €474 | -€474 | -€949 | |
| Other operating charges | 640/8 | €10,220 | €9,946 | -€274 | -2.7% |
| Gross operating margin | 9900 | €430,497 | €361,313 | -€69,184 | -16.1% |
| Operating profit (loss) | 9901 | €135,857 | €78,001 | -€57,856 | -42.6% |
| Financial income | 75/76B | €164 | €366 | +€202 | +122.6% |
| Recurring financial income | 75 | €164 | €366 | +€202 | +122.6% |
| Financial charges | 65/66B | €16,816 | €17,693 | +€877 | +5.2% |
| Recurring financial charges | 65 | €16,816 | €17,693 | +€877 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €119,205 | €60,674 | -€58,531 | -49.1% |
| Income taxes | 67/77 | €29,173 | €21,095 | -€8,078 | -27.7% |
| Profit (loss) for the period | 9904 | €90,032 | €39,579 | -€50,453 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,032 | €39,579 | -€50,453 | -56.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.