FRAISE-CHAMPAGNE: 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.
FRAISE-CHAMPAGNE
Largest movements
- Tangible fixed assets +€28,366
up €28,366 (+8.5%), from €334,456 to €362,823
of which Furniture and vehicles: +€57,443
- Cash -€27,421
down €27,421 (-28.7%), from €95,637 to €68,216
mainly Investment in fixed assets (net) (-€79,287) and Debts after one year (-€32,013)
- Receivables after one year -€19,415
no longer reported in 2025 (was €19,415)
- Receivables within one year -€16,229
down €16,229 (-81.3%), from €19,969 to €3,739
of which Trade receivables: -€11,314
- Debts after one year -€32,013
down €32,013 (-12.7%), from €251,999 to €219,986
- Other debts -€17,700
down €17,700 (-54.1%), from €32,700 to €15,000
- Reserves +€12,349
up €12,349 (+12.1%), from €102,364 to €114,712
- Tax, wage and social debts +€10,975
up €10,975 (+133.7%), from €8,208 to €19,184
of which Taxes: +€8,601
- Current portion of long-term debt -€6,433
down €6,433 (-16.7%), from €38,446 to €32,013
- Staff costs +€43,646
up €43,646 (+27.9%), from €156,714 to €200,360
- Gross operating margin +€27,184
up €27,184 (+10.0%), from €271,390 to €298,573
- Depreciation +€11,222
up €11,222 (+28.2%), from €39,824 to €51,046
- Taxes -€5,709
down €5,709 (-35.1%), from €16,242 to €10,534
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 | €484,856 | €448,797 | -€36,059 | -7.4% |
| Fixed assets | 21/28 | €334,956 | €363,198 | +€28,241 | +8.4% |
| Intangible fixed assets | 21 | €500 | €375 | -€125 | -25.0% |
| Tangible fixed assets | 22/27 | €334,456 | €362,823 | +€28,366 | +8.5% |
| Land and buildings | 22 | €216,166 | €201,633 | -€14,533 | -6.7% |
| Plant, machinery and equipment | 23 | €112,061 | €97,517 | -€14,543 | -13.0% |
| Furniture and vehicles | 24 | €6,229 | €63,673 | +€57,443 | +922.1% |
| Current assets | 29/58 | €149,900 | €85,599 | -€64,300 | -42.9% |
| Amounts receivable after more than one year | 29 | €19,415 | - | -€19,415 | |
| Other amounts receivable | 291 | €19,415 | - | -€19,415 | |
| Stocks and contracts in progress | 3 | €6,455 | €6,354 | -€101 | -1.6% |
| Stocks | 30/36 | €6,455 | €6,354 | -€101 | -1.6% |
| Amounts receivable within one year | 40/41 | €19,969 | €3,739 | -€16,229 | -81.3% |
| Trade receivables | 40 | €12,992 | €1,678 | -€11,314 | -87.1% |
| Other amounts receivable | 41 | €6,976 | €2,061 | -€4,915 | -70.5% |
| Cash at bank and in hand | 54/58 | €95,637 | €68,216 | -€27,421 | -28.7% |
| Deferred charges and accrued income | 490/1 | €8,424 | €7,290 | -€1,135 | -13.5% |
| Total equity and liabilities | 10/49 | €484,856 | €448,797 | -€36,059 | -7.4% |
| Equity | 10/15 | €139,031 | €151,380 | +€12,349 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,364 | €114,712 | +€12,349 | +12.1% |
| Distributable reserves | 133 | €102,364 | €114,712 | +€12,349 | +12.1% |
| Profit (loss) carried forward | 14 | €18,067 | €18,067 | = | 0.0% |
| Amounts payable | 17/49 | €345,825 | €297,417 | -€48,408 | -14.0% |
| Amounts payable after more than one year | 17 | €251,999 | €219,986 | -€32,013 | -12.7% |
| Financial debts | 170/4 | €251,999 | €219,986 | -€32,013 | -12.7% |
| Amounts payable within one year | 42/48 | €92,692 | €76,365 | -€16,326 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €38,446 | €32,013 | -€6,433 | -16.7% |
| Trade debts | 44 | €13,337 | €10,169 | -€3,169 | -23.8% |
| Suppliers | 440/4 | €13,337 | €10,169 | -€3,169 | -23.8% |
| Taxes, remuneration and social security | 45 | €8,208 | €19,184 | +€10,975 | +133.7% |
| Taxes | 450/3 | - | €8,601 | +€8,601 | |
| Remuneration and social security | 454/9 | €8,208 | €10,583 | +€2,375 | +28.9% |
| Other amounts payable | 47/48 | €32,700 | €15,000 | -€17,700 | -54.1% |
| Accrued charges and deferred income | 492/3 | €1,134 | €1,066 | -€68 | -6.0% |
| Non-recurring operating income | 76A | €380 | - | -€380 | |
| Remuneration, social security and pensions | 62 | €156,714 | €200,360 | +€43,646 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,824 | €51,046 | +€11,222 | +28.2% |
| Other operating charges | 640/8 | €3,004 | €2,762 | -€242 | -8.1% |
| Gross operating margin | 9900 | €271,390 | €298,573 | +€27,184 | +10.0% |
| Operating profit (loss) | 9901 | €71,848 | €44,405 | -€27,443 | -38.2% |
| Financial income | 75/76B | €1,748 | €0 | -€1,748 | -100.0% |
| Recurring financial income | 75 | €1,748 | €0 | -€1,748 | -100.0% |
| Financial charges | 65/66B | €7,396 | €6,523 | -€872 | -11.8% |
| Recurring financial charges | 65 | €7,396 | €6,523 | -€872 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €66,201 | €37,882 | -€28,319 | -42.8% |
| Income taxes | 67/77 | €16,242 | €10,534 | -€5,709 | -35.1% |
| Profit (loss) for the period | 9904 | €49,959 | €27,349 | -€22,610 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,959 | €27,349 | -€22,610 | -45.3% |
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 12 October 2026 via checked.be.