FRAKO: 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.
What changed
FRAKO
NACE 31.002, Manufacture of furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€29,949
2024 · €146,317-€116,367
Equity
€2.1m
2024 · €2.1m+€29,949
Cash
€127,109
2024 · €154,081-€26,972
Balance sheet total
€5.2m
2024 · €5.0m+€197,099
Largest movements
Assets
- Receivables within one year +€401,727
up €401,727 (+46.3%), from €867,629 to €1.3m
of which Trade receivables: +€429,082
- Tangible fixed assets -€252,097
down €252,097 (-13.1%), from €1.9m to €1.7m
- Stocks and contracts +€117,497
up €117,497 (+6.1%), from €1.9m to €2.0m
Equity and liabilities
- Advances received +€296,525
up €296,525 (+79.6%), from €372,627 to €669,152
- Debts after one year -€195,400
down €195,400 (-22.7%), from €859,581 to €664,181
- Current portion of long-term debt -€115,565
down €115,565 (-26.8%), from €430,634 to €315,069
- Tax, wage and social debts +€103,607
up €103,607 (+23.6%), from €439,070 to €542,677
of which Remuneration and social security: +€59,104
- Other debts +€100,000
up €100,000 (+27.7%), from €360,982 to €460,982
Income statement
- Staff costs +€162,271
up €162,271 (+5.0%), from €3.2m to €3.4m
- Services and other goods +€108,816
up €108,816 (+6.0%), from €1.8m to €1.9m
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.
Result 2024
€146,317
Turnover
-€40,104
Other operating income
+€31,900
Goods and materials
+€1,621
Services and other goods
-€108,816
Staff costs
-€162,271
Depreciation
-€16,301
Other operating charges
+€2,189
Other operating items
+€143,649
Financial income
-€9,452
Financial charges
+€9,057
Taxes
+€32,159
Result 2025
€29,949
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€468,688
Investment
-€181,173
Financing
-€314,487
Cash 2024
€154,081
From operations (derived)
+€468,688
Net result for the year
+€29,949
Depreciation
+€476,823
Stocks and contracts
-€117,497
Receivables within one year
-€401,727
Deferred charges and accrued income
-€496
Trade debts
-€9,453
Tax, wage and social debts
+€103,607
Advances received
+€296,525
Other debts
+€100,000
Accrued charges and deferred income
-€9,044
Investment (derived)
-€181,173
Investment in fixed assets (net)
-€181,173
Financing
-€314,487
Debts after one year
-€195,400
Current portion of long-term debt
-€115,565
Short-term financial debts
-€3,522
Cash 2025
€127,109
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,034,195 | €5,231,294 | +€197,099 | +3.9% |
| Fixed assets | 21/28 | €2,050,367 | €1,754,718 | -€295,650 | -14.4% |
| Intangible fixed assets | 21 | €120,388 | €76,835 | -€43,553 | -36.2% |
| Tangible fixed assets | 22/27 | €1,923,315 | €1,671,218 | -€252,097 | -13.1% |
| Land and buildings | 22 | €468,910 | €353,755 | -€115,154 | -24.6% |
| Plant, machinery and equipment | 23 | €624,674 | €553,336 | -€71,338 | -11.4% |
| Furniture and vehicles | 24 | €71,474 | €62,093 | -€9,381 | -13.1% |
| Leasing and similar rights | 25 | €100,152 | €132,285 | +€32,133 | +32.1% |
| Other tangible fixed assets | 26 | €658,104 | €569,748 | -€88,356 | -13.4% |
| Financial fixed assets | 28 | €6,664 | €6,664 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,664 | €6,664 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €6,664 | €6,664 | = | 0.0% |
| Current assets | 29/58 | €2,983,828 | €3,476,577 | +€492,748 | +16.5% |
| Stocks and contracts in progress | 3 | €1,931,549 | €2,049,046 | +€117,497 | +6.1% |
| Stocks | 30/36 | €1,931,549 | €2,049,046 | +€117,497 | +6.1% |
| Raw materials and consumables | 30/31 | €918,764 | €901,814 | -€16,950 | -1.8% |
| Work in progress | 32 | €176,020 | €184,477 | +€8,457 | +4.8% |
| Finished goods | 33 | €431,886 | €575,159 | +€143,273 | +33.2% |
| Goods purchased for resale | 34 | €404,879 | €387,596 | -€17,283 | -4.3% |
| Amounts receivable within one year | 40/41 | €867,629 | €1,269,356 | +€401,727 | +46.3% |
| Trade receivables | 40 | €824,950 | €1,254,033 | +€429,082 | +52.0% |
| Other amounts receivable | 41 | €42,678 | €15,323 | -€27,355 | -64.1% |
| Cash at bank and in hand | 54/58 | €154,081 | €127,109 | -€26,972 | -17.5% |
| Deferred charges and accrued income | 490/1 | €30,570 | €31,066 | +€496 | +1.6% |
| Total equity and liabilities | 10/49 | €5,034,195 | €5,231,294 | +€197,099 | +3.9% |
| Equity | 10/15 | €2,089,121 | €2,119,071 | +€29,949 | +1.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,027,121 | €2,057,071 | +€29,949 | +1.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €793 | €793 | = | 0.0% |
| Distributable reserves | 133 | €2,020,128 | €2,050,077 | +€29,949 | +1.5% |
| Amounts payable | 17/49 | €2,945,074 | €3,112,223 | +€167,149 | +5.7% |
| Amounts payable after more than one year | 17 | €859,581 | €664,181 | -€195,400 | -22.7% |
| Financial debts | 170/4 | €859,581 | €664,181 | -€195,400 | -22.7% |
| Leasing and similar obligations | 172 | €73,796 | €83,928 | +€10,132 | +13.7% |
| Credit institutions | 173 | €785,785 | €580,252 | -€205,532 | -26.2% |
| Amounts payable within one year | 42/48 | €2,027,248 | €2,398,841 | +€371,593 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €430,634 | €315,069 | -€115,565 | -26.8% |
| Financial debts | 43 | €47,077 | €43,555 | -€3,522 | -7.5% |
| Credit institutions | 430/8 | €47,077 | €43,555 | -€3,522 | -7.5% |
| Trade debts | 44 | €376,859 | €367,406 | -€9,453 | -2.5% |
| Suppliers | 440/4 | €376,859 | €367,406 | -€9,453 | -2.5% |
| Advances received on contracts in progress | 46 | €372,627 | €669,152 | +€296,525 | +79.6% |
| Taxes, remuneration and social security | 45 | €439,070 | €542,677 | +€103,607 | +23.6% |
| Taxes | 450/3 | €75,959 | €120,461 | +€44,503 | +58.6% |
| Remuneration and social security | 454/9 | €363,111 | €422,215 | +€59,104 | +16.3% |
| Other amounts payable | 47/48 | €360,982 | €460,982 | +€100,000 | +27.7% |
| Accrued charges and deferred income | 492/3 | €58,246 | €49,202 | -€9,044 | -15.5% |
| Operating income | 70/76A | €10,053,710 | €10,189,155 | +€135,446 | +1.3% |
| Turnover | 70 | €9,919,067 | €9,878,963 | -€40,104 | -0.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€4,667 | €151,730 | +€156,397 | |
| Own construction capitalised | 72 | €25,601 | - | -€25,601 | |
| Other operating income | 74 | €113,709 | €145,609 | +€31,900 | +28.1% |
| Non-recurring operating income | 76A | - | €12,853 | +€12,853 | |
| Operating charges | 60/66A | €9,828,729 | €10,112,306 | +€283,578 | +2.9% |
| Goods for resale, raw materials and consumables | 60 | €4,254,807 | €4,253,186 | -€1,621 | 0.0% |
| Purchases | 600/8 | €4,175,925 | €4,218,954 | +€43,028 | +1.0% |
| Change in stocks: decrease (increase) | 609 | €78,882 | €34,233 | -€44,649 | -56.6% |
| Services and other goods | 61 | €1,823,797 | €1,932,613 | +€108,816 | +6.0% |
| Remuneration, social security and pensions | 62 | €3,229,859 | €3,392,130 | +€162,271 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €460,522 | €476,823 | +€16,301 | +3.5% |
| Other operating charges | 640/8 | €59,744 | €57,554 | -€2,189 | -3.7% |
| Operating profit (loss) | 9901 | €224,981 | €76,849 | -€148,132 | -65.8% |
| Financial income | 75/76B | €70,062 | €60,610 | -€9,452 | -13.5% |
| Recurring financial income | 75 | €70,062 | €60,610 | -€9,452 | -13.5% |
| Income from current assets | 751 | €2,265 | €5,422 | +€3,158 | +139% |
| Other financial income | 752/9 | €67,798 | €55,188 | -€12,610 | -18.6% |
| Financial charges | 65/66B | €87,953 | €78,896 | -€9,057 | -10.3% |
| Recurring financial charges | 65 | €87,953 | €78,896 | -€9,057 | -10.3% |
| Debt charges | 650 | €70,748 | €59,515 | -€11,233 | -15.9% |
| Other financial charges | 652/9 | €17,205 | €19,381 | +€2,176 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €207,090 | €58,564 | -€148,527 | -71.7% |
| Income taxes | 67/77 | €60,774 | €28,614 | -€32,159 | -52.9% |
| Taxes | 670/3 | €60,774 | €28,614 | -€32,159 | -52.9% |
| Profit (loss) for the period | 9904 | €146,317 | €29,949 | -€116,367 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €146,317 | €29,949 | -€116,367 | -79.5% |
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 14 October 2026 via checked.be.