FRAIPONT V.: 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 V.
Largest movements
- Current investments +€83,618
up €83,618 (+12.2%), from €683,540 to €767,158
- Deferred charges and accrued income +€27,498
up €27,498 (+34.2%), from €80,370 to €107,868
- Cash +€14,140
up €14,140 (+4.4%), from €317,815 to €331,955
mainly Other debts (+€233,108) and Net result for the year (+€147,584)
- Other debts +€233,108
up €233,108 (+48.2%), from €484,051 to €717,159
- Reserves -€113,828
down €113,828 (-21.5%), from €528,289 to €414,460
- Tax, wage and social debts +€15,564
up €15,564 (+94.8%), from €16,423 to €31,986
- Gross operating margin +€14,949
up €14,949 (+6.9%), from €217,152 to €232,101
- Taxes +€5,041
up €5,041 (+8.6%), from €58,764 to €63,806
- Financial charges -€2,904
down €2,904 (-9.7%), from €29,946 to €27,043
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 | €1,084,090 | €1,219,170 | +€135,080 | +12.5% |
| Fixed assets | 21/28 | €1,865 | €10,044 | +€8,180 | +439% |
| Tangible fixed assets | 22/27 | €1,865 | €10,044 | +€8,180 | +439% |
| Furniture and vehicles | 24 | €1,865 | €10,044 | +€8,180 | +439% |
| Current assets | 29/58 | €1,082,225 | €1,209,126 | +€126,901 | +11.7% |
| Amounts receivable within one year | 40/41 | €500 | €2,145 | +€1,645 | +329% |
| Trade receivables | 40 | €500 | €2,145 | +€1,645 | +329% |
| Current investments | 50/53 | €683,540 | €767,158 | +€83,618 | +12.2% |
| Cash at bank and in hand | 54/58 | €317,815 | €331,955 | +€14,140 | +4.4% |
| Deferred charges and accrued income | 490/1 | €80,370 | €107,868 | +€27,498 | +34.2% |
| Total equity and liabilities | 10/49 | €1,084,090 | €1,219,170 | +€135,080 | +12.5% |
| Equity | 10/15 | €583,174 | €469,345 | -€113,828 | -19.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €528,289 | €414,460 | -€113,828 | -21.5% |
| Distributable reserves | 133 | €528,289 | €414,460 | -€113,828 | -21.5% |
| Profit (loss) carried forward | 14 | €42,485 | €42,485 | = | 0.0% |
| Amounts payable | 17/49 | €500,916 | €749,825 | +€248,909 | +49.7% |
| Amounts payable within one year | 42/48 | €500,916 | €749,825 | +€248,909 | +49.7% |
| Trade debts | 44 | €442 | €679 | +€237 | +53.7% |
| Suppliers | 440/4 | €442 | €679 | +€237 | +53.7% |
| Taxes, remuneration and social security | 45 | €16,423 | €31,986 | +€15,564 | +94.8% |
| Taxes | 450/3 | €16,423 | €31,986 | +€15,564 | +94.8% |
| Other amounts payable | 47/48 | €484,051 | €717,159 | +€233,108 | +48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €871 | €3,134 | +€2,264 | +260% |
| Other operating charges | 640/8 | €242 | €242 | = | 0.0% |
| Gross operating margin | 9900 | €217,152 | €232,101 | +€14,949 | +6.9% |
| Operating profit (loss) | 9901 | €216,039 | €228,725 | +€12,686 | +5.9% |
| Financial income | 75/76B | €9,474 | €9,708 | +€234 | +2.5% |
| Recurring financial income | 75 | €9,474 | €9,708 | +€234 | +2.5% |
| Financial charges | 65/66B | €29,946 | €27,043 | -€2,904 | -9.7% |
| Recurring financial charges | 65 | €29,946 | €27,043 | -€2,904 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €195,566 | €211,390 | +€15,823 | +8.1% |
| Income taxes | 67/77 | €58,764 | €63,806 | +€5,041 | +8.6% |
| Profit (loss) for the period | 9904 | €136,802 | €147,584 | +€10,782 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €136,802 | €147,584 | +€10,782 | +7.9% |
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 15 October 2026 via checked.be.