FRAJA HOLDING: 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.
FRAJA HOLDING
Largest movements
- Tangible fixed assets -€24,624
down €24,624 (-46.7%), from €52,685 to €28,061
- Cash -€7,082
down €7,082 (-60.6%), from €11,685 to €4,603
mainly Debts after one year (-€35,895) and Provisions (-€5,726)
- Debts after one year -€35,895
down €35,895 (-21.6%), from €166,261 to €130,366
- Profit (loss) carried forward +€18,725
up €18,725 (+28.4%), from €66,022 to €84,747
- Reserves -€11,120
down €11,120 (-46.1%), from €24,098 to €12,979
of which Tax-exempt reserves: -€11,120
- Provisions -€5,726
down €5,726 (-50.0%), from €11,451 to €5,726
- Other debts +€5,000
up €5,000 (+79.1%), from €6,321 to €11,321
- Financial income +€7,011
up €7,011 (+243%), from €2,890 to €9,901
- Gross operating margin +€2,736
up €2,736 (+7.9%), from €34,806 to €37,543
- Financial charges -€1,640
down €1,640 (-10.6%), from €15,503 to €13,863
- Taxes +€928
up €928 (+40.0%), from €2,321 to €3,249
- Depreciation +€699
up €699 (+2.9%), from €23,925 to €24,624
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 | €333,265 | €302,849 | -€30,416 | -9.1% |
| Fixed assets | 21/28 | €52,685 | €28,061 | -€24,624 | -46.7% |
| Tangible fixed assets | 22/27 | €52,685 | €28,061 | -€24,624 | -46.7% |
| Land and buildings | 22 | €52,685 | €28,061 | -€24,624 | -46.7% |
| Current assets | 29/58 | €280,580 | €274,788 | -€5,792 | -2.1% |
| Current investments | 50/53 | €268,895 | €268,895 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,685 | €4,603 | -€7,082 | -60.6% |
| Deferred charges and accrued income | 490/1 | - | €1,290 | +€1,290 | |
| Total equity and liabilities | 10/49 | €333,265 | €302,849 | -€30,416 | -9.1% |
| Equity | 10/15 | €108,712 | €116,318 | +€7,605 | +7.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €24,098 | €12,979 | -€11,120 | -46.1% |
| Tax-exempt reserves | 132 | €22,239 | €11,120 | -€11,120 | -50.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,022 | €84,747 | +€18,725 | +28.4% |
| Provisions and deferred taxes | 16 | €11,451 | €5,726 | -€5,726 | -50.0% |
| Deferred taxes | 168 | €11,451 | €5,726 | -€5,726 | -50.0% |
| Amounts payable | 17/49 | €213,102 | €180,806 | -€32,295 | -15.2% |
| Amounts payable after more than one year | 17 | €166,261 | €130,366 | -€35,895 | -21.6% |
| Financial debts | 170/4 | €166,261 | €130,366 | -€35,895 | -21.6% |
| Amounts payable within one year | 42/48 | €46,841 | €50,440 | +€3,600 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €34,655 | €31,375 | -€3,280 | -9.5% |
| Trade debts | 44 | - | €2,174 | +€2,174 | |
| Suppliers | 440/4 | - | €2,174 | +€2,174 | |
| Taxes, remuneration and social security | 45 | €5,864 | €5,570 | -€294 | -5.0% |
| Taxes | 450/3 | €5,864 | €5,570 | -€294 | -5.0% |
| Other amounts payable | 47/48 | €6,321 | €11,321 | +€5,000 | +79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,925 | €24,624 | +€699 | +2.9% |
| Other operating charges | 640/8 | €3,712 | €3,827 | +€115 | +3.1% |
| Gross operating margin | 9900 | €34,806 | €37,543 | +€2,736 | +7.9% |
| Operating profit (loss) | 9901 | €7,169 | €9,091 | +€1,922 | +26.8% |
| Financial income | 75/76B | €2,890 | €9,901 | +€7,011 | +243% |
| Recurring financial income | 75 | €2,890 | €9,901 | +€7,011 | +243% |
| Financial charges | 65/66B | €15,503 | €13,863 | -€1,640 | -10.6% |
| Recurring financial charges | 65 | €15,503 | €13,863 | -€1,640 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,444 | €5,129 | +€10,573 | |
| Transfer from deferred taxes | 780 | €5,726 | €5,726 | = | 0.0% |
| Income taxes | 67/77 | €2,321 | €3,249 | +€928 | +40.0% |
| Profit (loss) for the period | 9904 | -€2,039 | €7,605 | +€9,645 | |
| Transfer from tax-exempt reserves | 789 | €11,120 | €11,120 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,080 | €18,725 | +€9,645 | +106% |
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 21 October 2026 via checked.be.