FRAKAR: what changed
Two fiscal 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.
FRAKAR
Largest movements
- Cash +€167,156
up €167,156 (+40.5%), from €412,369 to €579,525
mainly Net result for the year (+€88,158) and Tax, wage and social debts (+€31,298)
- Tangible fixed assets -€25,970
down €25,970 (-35.3%), from €73,563 to €47,593
- Receivables within one year -€17,918
down €17,918 (-20.8%), from €86,145 to €68,227
- Reserves +€88,158
up €88,158 (+45.7%), from €193,032 to €281,190
of which Distributable reserves: +€88,158
- Tax, wage and social debts +€31,298
up €31,298 (+715.3%), from €4,376 to €35,673
- Gross operating margin +€99,640
up €99,640 (+305.4%), from €32,624 to €132,263
- Taxes +€31,467
up €31,467 (+1259.9%), from €2,498 to €33,965
- Financial income -€3,169
down €3,169 (-50.1%), from €6,330 to €3,161
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 | €573,221 | €696,541 | +€123,320 | +21.5% |
| Fixed assets | 21/28 | €73,563 | €47,593 | -€25,970 | -35.3% |
| Tangible fixed assets | 22/27 | €73,563 | €47,593 | -€25,970 | -35.3% |
| Land and buildings | 22 | €73,563 | €47,593 | -€25,970 | -35.3% |
| Current assets | 29/58 | €499,657 | €648,948 | +€149,291 | +29.9% |
| Amounts receivable within one year | 40/41 | €86,145 | €68,227 | -€17,918 | -20.8% |
| Other amounts receivable | 41 | €86,145 | €68,227 | -€17,918 | -20.8% |
| Cash at bank and in hand | 54/58 | €412,369 | €579,525 | +€167,156 | +40.5% |
| Deferred charges and accrued income | 490/1 | €1,144 | €1,196 | +€53 | +4.6% |
| Total equity and liabilities | 10/49 | €573,221 | €696,541 | +€123,320 | +21.5% |
| Equity | 10/15 | €565,368 | €653,526 | +€88,158 | +15.6% |
| Contributions | 10/11 | €372,336 | €372,336 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Outside capital | 11 | €297,336 | €297,336 | = | 0.0% |
| Share premium | 1100/10 | €297,336 | €297,336 | = | 0.0% |
| Reserves | 13 | €193,032 | €281,190 | +€88,158 | +45.7% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €185,532 | €273,690 | +€88,158 | +47.5% |
| Amounts payable | 17/49 | €7,852 | €43,015 | +€35,163 | +447.8% |
| Amounts payable within one year | 42/48 | €6,275 | €41,929 | +€35,654 | +568.1% |
| Trade debts | 44 | €1,900 | €6,256 | +€4,356 | +229.3% |
| Suppliers | 440/4 | €1,900 | €6,256 | +€4,356 | +229.3% |
| Taxes, remuneration and social security | 45 | €4,376 | €35,673 | +€31,298 | +715.3% |
| Taxes | 450/3 | €4,376 | €35,673 | +€31,298 | +715.3% |
| Accrued charges and deferred income | 492/3 | €1,577 | €1,086 | -€491 | -31.1% |
| Non-recurring operating income | 76A | - | €103,084 | +€103,084 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,046 | €5,806 | +€760 | +15.1% |
| Other operating charges | 640/8 | €6,342 | €6,671 | +€329 | +5.2% |
| Gross operating margin | 9900 | €32,624 | €132,263 | +€99,640 | +305.4% |
| Operating profit (loss) | 9901 | €21,236 | €119,786 | +€98,550 | +464.1% |
| Financial income | 75/76B | €6,330 | €3,161 | -€3,169 | -50.1% |
| Recurring financial income | 75 | €6,330 | €3,161 | -€3,169 | -50.1% |
| Financial charges | 65/66B | €92 | €825 | +€732 | +793.9% |
| Recurring financial charges | 65 | €92 | €825 | +€732 | +793.9% |
| Profit (loss) for the period before taxes | 9903 | €27,474 | €122,123 | +€94,649 | +344.5% |
| Income taxes | 67/77 | €2,498 | €33,965 | +€31,467 | +1259.9% |
| Profit (loss) for the period | 9904 | €24,976 | €88,158 | +€63,182 | +253.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,976 | €88,158 | +€63,182 | +253.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.