FRAJOLIN: 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.
FRAJOLIN
Largest movements
- Cash -€8,971
down €8,971 (-17.9%), from €50,105 to €41,134
mainly Tax, wage and social debts (-€8,703) and Receivables within one year (-€6,129)
- Tangible fixed assets -€7,203
down €7,203 (-66.9%), from €10,766 to €3,563
- Receivables within one year +€6,129
up €6,129 (+8.8%), from €69,901 to €76,030
of which Other amounts receivable: +€7,130
- Tax, wage and social debts -€8,703
down €8,703 (-55.3%), from €15,746 to €7,043
- Reserves +€3,439
up €3,439 (+3.1%), from €110,562 to €114,001
of which Distributable reserves: +€3,439
- Current portion of long-term debt -€2,359
down €2,359 (-58.0%), from €4,065 to €1,706
- Trade debts -€2,205
down €2,205 (-51.4%), from €4,288 to €2,083
- Gross operating margin -€13,532
down €13,532 (-49.3%), from €27,475 to €13,943
- Taxes -€4,717
down €4,717 (-74.6%), from €6,322 to €1,605
- Financial charges -€574
down €574 (-73.9%), from €776 to €202
- Other operating charges -€321
down €321 (-25.8%), from €1,247 to €926
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 | €211,457 | €199,923 | -€11,533 | -5.5% |
| Fixed assets | 21/28 | €10,766 | €3,563 | -€7,203 | -66.9% |
| Tangible fixed assets | 22/27 | €10,766 | €3,563 | -€7,203 | -66.9% |
| Furniture and vehicles | 24 | €10,766 | €3,563 | -€7,203 | -66.9% |
| Current assets | 29/58 | €200,690 | €196,360 | -€4,331 | -2.2% |
| Amounts receivable within one year | 40/41 | €69,901 | €76,030 | +€6,129 | +8.8% |
| Trade receivables | 40 | €5,089 | €4,088 | -€1,000 | -19.7% |
| Other amounts receivable | 41 | €64,812 | €71,942 | +€7,130 | +11.0% |
| Current investments | 50/53 | €77,281 | €77,863 | +€582 | +0.8% |
| Cash at bank and in hand | 54/58 | €50,105 | €41,134 | -€8,971 | -17.9% |
| Deferred charges and accrued income | 490/1 | €3,404 | €1,333 | -€2,071 | -60.8% |
| Total equity and liabilities | 10/49 | €211,457 | €199,923 | -€11,533 | -5.5% |
| Equity | 10/15 | €185,652 | €189,091 | +€3,439 | +1.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €110,562 | €114,001 | +€3,439 | +3.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €108,562 | €112,001 | +€3,439 | +3.2% |
| Profit (loss) carried forward | 14 | €55,090 | €55,090 | = | 0.0% |
| Amounts payable | 17/49 | €25,805 | €10,832 | -€14,973 | -58.0% |
| Amounts payable after more than one year | 17 | €1,706 | €0 | -€1,706 | -100% |
| Financial debts | 170/4 | €1,706 | €0 | -€1,706 | -100% |
| Amounts payable within one year | 42/48 | €24,099 | €10,832 | -€13,267 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €4,065 | €1,706 | -€2,359 | -58.0% |
| Trade debts | 44 | €4,288 | €2,083 | -€2,205 | -51.4% |
| Suppliers | 440/4 | €4,288 | €2,083 | -€2,205 | -51.4% |
| Taxes, remuneration and social security | 45 | €15,746 | €7,043 | -€8,703 | -55.3% |
| Taxes | 450/3 | €15,746 | €7,043 | -€8,703 | -55.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,179 | €7,203 | +€24 | +0.3% |
| Other operating charges | 640/8 | €1,247 | €926 | -€321 | -25.8% |
| Non-recurring operating charges | 66A | - | €1,171 | +€1,171 | |
| Gross operating margin | 9900 | €27,475 | €13,943 | -€13,532 | -49.3% |
| Operating profit (loss) | 9901 | €19,049 | €4,643 | -€14,406 | -75.6% |
| Financial income | 75/76B | €556 | €603 | +€47 | +8.5% |
| Recurring financial income | 75 | €556 | €603 | +€47 | +8.5% |
| Financial charges | 65/66B | €776 | €202 | -€574 | -73.9% |
| Recurring financial charges | 65 | €776 | €202 | -€574 | -73.9% |
| Profit (loss) for the period before taxes | 9903 | €18,830 | €5,044 | -€13,785 | -73.2% |
| Income taxes | 67/77 | €6,322 | €1,605 | -€4,717 | -74.6% |
| Profit (loss) for the period | 9904 | €12,508 | €3,439 | -€9,068 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,508 | €3,439 | -€9,068 | -72.5% |
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.