FRAL INVEST: 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.
FRAL INVEST
Largest movements
- Receivables within one year +€96,822
up €96,822 (+53.4%), from €181,209 to €278,031
of which Other amounts receivable: +€97,131
- Financial fixed assets -€20,000
down €20,000 (-5.0%), from €396,504 to €376,504
- Tangible fixed assets -€18,037
down €18,037 (-2.0%), from €904,139 to €886,101
- Other debts +€108,500
up €108,500 (+8.4%), from €1.3m to €1.4m
- Debts after one year -€29,108
down €29,108 (-24.8%), from €117,300 to €88,192
- Depreciation -€51,222
down €51,222 (-74.0%), from €69,259 to €18,037
- Gross operating margin +€12,136
up €12,136, from -€7,417 to €4,719
- Financial income +€8,484
up €8,484 (+121%), from €7,035 to €15,519
- Other operating charges +€4,141
up €4,141 (+282%), from €1,468 to €5,609
- Financial charges +€3,355
up €3,355 (+216%), from €1,557 to €4,912
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 | €1,488,705 | €1,559,012 | +€70,306 | +4.7% |
| Fixed assets | 21/28 | €1,300,642 | €1,262,605 | -€38,037 | -2.9% |
| Tangible fixed assets | 22/27 | €904,139 | €886,101 | -€18,037 | -2.0% |
| Land and buildings | 22 | €904,139 | €886,101 | -€18,037 | -2.0% |
| Financial fixed assets | 28 | €396,504 | €376,504 | -€20,000 | -5.0% |
| Current assets | 29/58 | €188,063 | €296,406 | +€108,343 | +57.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €181,209 | €278,031 | +€96,822 | +53.4% |
| Trade receivables | 40 | €309 | €0 | -€309 | -100% |
| Other amounts receivable | 41 | €180,900 | €278,031 | +€97,131 | +53.7% |
| Cash at bank and in hand | 54/58 | €6,523 | €2,590 | -€3,934 | -60.3% |
| Deferred charges and accrued income | 490/1 | €331 | €15,785 | +€15,455 | +4,671% |
| Total equity and liabilities | 10/49 | €1,488,705 | €1,559,012 | +€70,306 | +4.7% |
| Equity | 10/15 | €42,750 | €34,430 | -€8,320 | -19.5% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,250 | -€115,570 | -€8,320 | -7.8% |
| Amounts payable | 17/49 | €1,445,956 | €1,524,582 | +€78,626 | +5.4% |
| Amounts payable after more than one year | 17 | €117,300 | €88,192 | -€29,108 | -24.8% |
| Financial debts | 170/4 | €117,300 | €88,192 | -€29,108 | -24.8% |
| Amounts payable within one year | 42/48 | €1,328,656 | €1,435,090 | +€106,434 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €28,112 | €29,108 | +€996 | +3.5% |
| Trade debts | 44 | €5,589 | €887 | -€4,702 | -84.1% |
| Suppliers | 440/4 | €5,589 | €887 | -€4,702 | -84.1% |
| Taxes, remuneration and social security | 45 | - | €1,639 | +€1,639 | |
| Taxes | 450/3 | - | €1,639 | +€1,639 | |
| Other amounts payable | 47/48 | €1,294,956 | €1,403,456 | +€108,500 | +8.4% |
| Accrued charges and deferred income | 492/3 | - | €1,300 | +€1,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,259 | €18,037 | -€51,222 | -74.0% |
| Other operating charges | 640/8 | €1,468 | €5,609 | +€4,141 | +282% |
| Gross operating margin | 9900 | -€7,417 | €4,719 | +€12,136 | |
| Operating profit (loss) | 9901 | -€78,145 | -€18,927 | +€59,218 | +75.8% |
| Financial income | 75/76B | €7,035 | €15,519 | +€8,484 | +121% |
| Recurring financial income | 75 | €7,035 | €15,519 | +€8,484 | +121% |
| Financial charges | 65/66B | €1,557 | €4,912 | +€3,355 | +216% |
| Recurring financial charges | 65 | €1,557 | €4,912 | +€3,355 | +216% |
| Profit (loss) for the period before taxes | 9903 | -€72,666 | -€8,320 | +€64,347 | +88.6% |
| Profit (loss) for the period | 9904 | -€72,666 | -€8,320 | +€64,347 | +88.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,666 | -€8,320 | +€64,347 | +88.6% |
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 16 October 2026 via checked.be.