FRAIKINVEST: 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.
FRAIKINVEST
Largest movements
- Tangible fixed assets -€22,231
down €22,231 (-4.8%), from €464,962 to €442,731
of which Land and buildings: -€13,065
- Debts after one year -€13,687
down €13,687 (-7.4%), from €184,747 to €171,060
- Reserves -€10,454
down €10,454 (-6.5%), from €161,405 to €150,951
of which Distributable reserves: -€8,531
- Other debts +€5,662
up €5,662 (+6.6%), from €85,453 to €91,115
- Gross operating margin +€4,615
up €4,615 (+33.3%), from €13,861 to €18,476
- Financial charges -€597
down €597 (-10.0%), from €5,950 to €5,353
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 | €473,882 | €454,210 | -€19,672 | -4.2% |
| Fixed assets | 21/28 | €464,962 | €442,731 | -€22,231 | -4.8% |
| Tangible fixed assets | 22/27 | €464,962 | €442,731 | -€22,231 | -4.8% |
| Land and buildings | 22 | €352,945 | €339,880 | -€13,065 | -3.7% |
| Plant, machinery and equipment | 23 | €112,017 | €102,851 | -€9,166 | -8.2% |
| Current assets | 29/58 | €8,921 | €11,480 | +€2,559 | +28.7% |
| Amounts receivable within one year | 40/41 | €511 | - | -€511 | |
| Trade receivables | 40 | €511 | - | -€511 | |
| Cash at bank and in hand | 54/58 | €6,892 | €11,080 | +€4,188 | +60.8% |
| Deferred charges and accrued income | 490/1 | €1,518 | €400 | -€1,118 | -73.7% |
| Total equity and liabilities | 10/49 | €473,882 | €454,210 | -€19,672 | -4.2% |
| Equity | 10/15 | €167,655 | €157,201 | -€10,454 | -6.2% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Capital | 10 | €6,250 | - | -€6,250 | |
| Issued capital | 100 | €6,250 | - | -€6,250 | |
| Contributions outside capital | 11 | - | €6,250 | +€6,250 | |
| Other | 1109/19 | - | €6,250 | +€6,250 | |
| Reserves | 13 | €161,405 | €150,951 | -€10,454 | -6.5% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Legal reserve | 130 | €1,875 | €1,875 | = | 0.0% |
| Tax-exempt reserves | 132 | €73,230 | €71,308 | -€1,923 | -2.6% |
| Distributable reserves | 133 | €86,299 | €77,768 | -€8,531 | -9.9% |
| Provisions and deferred taxes | 16 | €18,160 | €17,519 | -€641 | -3.5% |
| Deferred taxes | 168 | €18,160 | €17,519 | -€641 | -3.5% |
| Amounts payable | 17/49 | €288,067 | €279,490 | -€8,577 | -3.0% |
| Amounts payable after more than one year | 17 | €184,747 | €171,060 | -€13,687 | -7.4% |
| Financial debts | 170/4 | €184,747 | €171,060 | -€13,687 | -7.4% |
| Amounts payable within one year | 42/48 | €99,911 | €105,880 | +€5,969 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €13,330 | €14,250 | +€920 | +6.9% |
| Trade debts | 44 | €886 | €279 | -€606 | -68.4% |
| Suppliers | 440/4 | €886 | €279 | -€606 | -68.4% |
| Taxes, remuneration and social security | 45 | €242 | €235 | -€7 | -2.9% |
| Taxes | 450/3 | €242 | €235 | -€7 | -2.9% |
| Other amounts payable | 47/48 | €85,453 | €91,115 | +€5,662 | +6.6% |
| Accrued charges and deferred income | 492/3 | €3,410 | €2,550 | -€860 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,231 | €22,231 | = | 0.0% |
| Other operating charges | 640/8 | €1,695 | €1,752 | +€57 | +3.4% |
| Gross operating margin | 9900 | €13,861 | €18,476 | +€4,615 | +33.3% |
| Operating profit (loss) | 9901 | -€10,064 | -€5,507 | +€4,558 | +45.3% |
| Financial charges | 65/66B | €5,950 | €5,353 | -€597 | -10.0% |
| Recurring financial charges | 65 | €5,950 | €5,353 | -€597 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,014 | -€10,860 | +€5,155 | +32.2% |
| Transfer from deferred taxes | 780 | €641 | €641 | = | 0.0% |
| Income taxes | 67/77 | €242 | €235 | -€7 | -2.9% |
| Profit (loss) for the period | 9904 | -€15,616 | -€10,454 | +€5,162 | +33.1% |
| Transfer from tax-exempt reserves | 789 | €1,923 | €1,923 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,693 | -€8,531 | +€5,162 | +37.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.