FRAJOMA: 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.
FRAJOMA
Largest movements
- Financial fixed assets +€3.7m
up €3.7m (+2.4%), from €156.7m to €160.4m
- Reserves +€8.4m
new in 2025: €8.4m
- Other debts -€4.3m
down €4.3m (-23.5%), from €18.4m to €14.1m
- Financial income +€1.0m
up €1.0m (+11.8%), from €8.5m to €9.5m
- Taxes +€897,489
up €897,489 (+3,223%), from €27,845 to €925,334
- Gross operating margin -€83,005
down €83,005 (-85.0%), from -€97,601 to -€180,606
- Purchases and services +€83,005
up €83,005 (+85.0%), from €97,601 to €180,606
- Financial charges -€5,579
down €5,579 (-28.7%), from €19,457 to €13,878
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,012,953 | €185,593,922 | +€4.6m | +2.5% |
| Fixed assets | 21/28 | €156,681,984 | €160,430,793 | +€3.7m | +2.4% |
| Financial fixed assets | 28 | €156,681,984 | €160,430,793 | +€3.7m | +2.4% |
| Current assets | 29/58 | €24,330,968 | €25,163,129 | +€832,161 | +3.4% |
| Amounts receivable after more than one year | 29 | €745,521 | €614,056 | -€131,465 | -17.6% |
| Other amounts receivable | 291 | €745,521 | €614,056 | -€131,465 | -17.6% |
| Amounts receivable within one year | 40/41 | €408,367 | €382,065 | -€26,302 | -6.4% |
| Other amounts receivable | 41 | €408,367 | €382,065 | -€26,302 | -6.4% |
| Current investments | 50/53 | €22,982,442 | €23,704,353 | +€721,911 | +3.1% |
| Cash at bank and in hand | 54/58 | €107,478 | €370,060 | +€262,582 | +244% |
| Deferred charges and accrued income | 490/1 | €87,161 | €92,596 | +€5,435 | +6.2% |
| Total equity and liabilities | 10/49 | €181,012,953 | €185,593,922 | +€4.6m | +2.5% |
| Equity | 10/15 | €162,561,161 | €170,955,259 | +€8.4m | +5.2% |
| Contributions | 10/11 | €57,617,027 | €57,617,027 | = | 0.0% |
| Reserves | 13 | - | €8,394,000 | +€8.4m | |
| Distributable reserves | 133 | - | €8,394,000 | +€8.4m | |
| Profit (loss) carried forward | 14 | €104,944,134 | €104,944,232 | +€98 | 0.0% |
| Amounts payable | 17/49 | €18,451,792 | €14,638,663 | -€3.8m | -20.7% |
| Amounts payable within one year | 42/48 | €18,451,792 | €14,625,967 | -€3.8m | -20.7% |
| Trade debts | 44 | €12,357 | €27,099 | +€14,742 | +119% |
| Suppliers | 440/4 | €12,357 | €27,099 | +€14,742 | +119% |
| Taxes, remuneration and social security | 45 | - | €492,868 | +€492,868 | |
| Taxes | 450/3 | - | €492,868 | +€492,868 | |
| Other amounts payable | 47/48 | €18,439,435 | €14,105,999 | -€4.3m | -23.5% |
| Accrued charges and deferred income | 492/3 | - | €12,696 | +€12,696 | |
| Goods, raw materials, services and sundry goods | 60/61 | €97,601 | €180,606 | +€83,005 | +85.0% |
| Other operating charges | 640/8 | €19,053 | €13,562 | -€5,490 | -28.8% |
| Gross operating margin | 9900 | -€97,601 | -€180,606 | -€83,005 | -85.0% |
| Operating profit (loss) | 9901 | -€116,654 | -€194,168 | -€77,515 | -66.4% |
| Financial income | 75/76B | €8,522,264 | €9,527,479 | +€1.0m | +11.8% |
| Recurring financial income | 75 | €8,522,264 | €9,527,479 | +€1.0m | +11.8% |
| Financial charges | 65/66B | €19,457 | €13,878 | -€5,579 | -28.7% |
| Recurring financial charges | 65 | €19,457 | €13,878 | -€5,579 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €8,386,153 | €9,319,432 | +€933,280 | +11.1% |
| Income taxes | 67/77 | €27,845 | €925,334 | +€897,489 | +3,223% |
| Profit (loss) for the period | 9904 | €8,358,308 | €8,394,098 | +€35,790 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,358,308 | €8,394,098 | +€35,790 | +0.4% |
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 22 October 2026 via checked.be.