Fraipont Eric: 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.
Fraipont Eric
Largest movements
- Cash -€59,003
down €59,003 (-57.0%), from €103,485 to €44,482
mainly Advances received (-€29,570) and Debts after one year (-€22,645)
- Tangible fixed assets -€32,364
down €32,364 (-28.7%), from €112,659 to €80,295
of which Furniture and vehicles: -€30,566
- Receivables within one year +€7,825
up €7,825 (+4.2%), from €184,669 to €192,493
of which Other amounts receivable: +€17,587
- Stocks and contracts +€5,381
up €5,381 (+484.7%), from €1,110 to €6,491
- Advances received -€29,570
no longer reported in 2025 (was €29,570)
- Debts after one year -€22,645
down €22,645 (-49.9%), from €45,359 to €22,714
- Current portion of long-term debt -€17,374
down €17,374 (-43.4%), from €40,018 to €22,645
- Gross operating margin -€43,835
down €43,835 (-13.8%), from €318,625 to €274,790
- Staff costs +€32,365
up €32,365 (+15.7%), from €206,483 to €238,848
- Taxes -€16,594
down €16,594 (-98.3%), from €16,889 to €295
- Depreciation -€5,881
down €5,881 (-11.3%), from €52,096 to €46,215
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 | €414,655 | €337,498 | -€77,156 | -18.6% |
| Fixed assets | 21/28 | €117,708 | €85,344 | -€32,364 | -27.5% |
| Tangible fixed assets | 22/27 | €112,659 | €80,295 | -€32,364 | -28.7% |
| Plant, machinery and equipment | 23 | €997 | €559 | -€438 | -43.9% |
| Furniture and vehicles | 24 | €104,825 | €74,259 | -€30,566 | -29.2% |
| Other tangible fixed assets | 26 | €6,837 | €5,477 | -€1,360 | -19.9% |
| Financial fixed assets | 28 | €5,049 | €5,049 | = | 0.0% |
| Current assets | 29/58 | €296,947 | €252,154 | -€44,793 | -15.1% |
| Stocks and contracts in progress | 3 | €1,110 | €6,491 | +€5,381 | +484.7% |
| Stocks | 30/36 | €1,110 | €6,491 | +€5,381 | +484.7% |
| Amounts receivable within one year | 40/41 | €184,669 | €192,493 | +€7,825 | +4.2% |
| Trade receivables | 40 | €14,915 | €5,153 | -€9,762 | -65.5% |
| Other amounts receivable | 41 | €169,754 | €187,341 | +€17,587 | +10.4% |
| Cash at bank and in hand | 54/58 | €103,485 | €44,482 | -€59,003 | -57.0% |
| Deferred charges and accrued income | 490/1 | €7,683 | €8,687 | +€1,004 | +13.1% |
| Total equity and liabilities | 10/49 | €414,655 | €337,498 | -€77,156 | -18.6% |
| Equity | 10/15 | €273,439 | €271,640 | -€1,799 | -0.7% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Capital | 10 | €105,000 | €105,000 | = | 0.0% |
| Issued capital | 100 | €105,000 | €105,000 | = | 0.0% |
| Reserves | 13 | €42,295 | €42,295 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,500 | €10,500 | = | 0.0% |
| Legal reserve | 130 | €10,500 | €10,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,552 | €1,552 | = | 0.0% |
| Distributable reserves | 133 | €30,243 | €30,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,144 | €124,345 | -€1,799 | -1.4% |
| Amounts payable | 17/49 | €141,215 | €65,858 | -€75,357 | -53.4% |
| Amounts payable after more than one year | 17 | €45,359 | €22,714 | -€22,645 | -49.9% |
| Financial debts | 170/4 | €45,359 | €22,714 | -€22,645 | -49.9% |
| Amounts payable within one year | 42/48 | €95,816 | €42,768 | -€53,048 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €40,018 | €22,645 | -€17,374 | -43.4% |
| Financial debts | 43 | €2,556 | €3,377 | +€822 | +32.2% |
| Credit institutions | 430/8 | €2,556 | €3,377 | +€822 | +32.2% |
| Trade debts | 44 | €12,389 | €9,658 | -€2,731 | -22.0% |
| Suppliers | 440/4 | €12,389 | €9,658 | -€2,731 | -22.0% |
| Advances received on contracts in progress | 46 | €29,570 | - | -€29,570 | |
| Taxes, remuneration and social security | 45 | €11,206 | €7,088 | -€4,119 | -36.8% |
| Taxes | 450/3 | €6,889 | €7,088 | +€199 | +2.9% |
| Remuneration and social security | 454/9 | €4,317 | - | -€4,317 | |
| Other amounts payable | 47/48 | €76 | - | -€76 | |
| Accrued charges and deferred income | 492/3 | €41 | €376 | +€335 | +825.3% |
| Non-recurring operating income | 76A | - | €32,614 | +€32,614 | |
| Remuneration, social security and pensions | 62 | €206,483 | €238,848 | +€32,365 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,096 | €46,215 | -€5,881 | -11.3% |
| Other operating charges | 640/8 | €3,417 | €2,066 | -€1,351 | -39.5% |
| Gross operating margin | 9900 | €318,625 | €274,790 | -€43,835 | -13.8% |
| Operating profit (loss) | 9901 | €56,629 | -€12,339 | -€68,969 | |
| Financial income | 75/76B | €14,665 | €15,169 | +€505 | +3.4% |
| Recurring financial income | 75 | €14,665 | €15,169 | +€505 | +3.4% |
| Financial charges | 65/66B | €6,693 | €4,334 | -€2,359 | -35.2% |
| Recurring financial charges | 65 | €6,693 | €4,334 | -€2,359 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €64,600 | -€1,504 | -€66,105 | |
| Income taxes | 67/77 | €16,889 | €295 | -€16,594 | -98.3% |
| Profit (loss) for the period | 9904 | €47,711 | -€1,799 | -€49,511 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,711 | -€1,799 | -€49,511 |
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 11 October 2026 via checked.be.