FRALAC: 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.
FRALAC
Largest movements
- Receivables within one year +€35,624
up €35,624 (+955.8%), from €3,727 to €39,351
of which Trade receivables: +€37,224
- Stocks and contracts +€11,256
up €11,256 (+31.6%), from €35,617 to €46,873
- Tangible fixed assets +€7,785
new in 2025: €7,785
- Cash -€4,054
down €4,054 (-59.6%), from €6,806 to €2,752
mainly Receivables within one year (-€35,624) and Stocks and contracts (-€11,256)
- Trade debts +€34,719
up €34,719 (+308.7%), from €11,249 to €45,968
- Reserves +€12,000
up €12,000 (+600.0%), from €2,000 to €14,000
- Tax, wage and social debts +€5,495
up €5,495 (+79.9%), from €6,875 to €12,370
of which Remuneration and social security: +€3,512
- Debts after one year -€3,146
no longer reported in 2025 (was €3,146)
- Gross operating margin +€35,364
up €35,364 (+216.7%), from €16,322 to €51,686
- Staff costs +€17,413
up €17,413 (+98.9%), from €17,607 to €35,021
- Taxes +€1,805
up €1,805 (+7697.5%), from €23 to €1,829
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 | €49,414 | €99,829 | +€50,415 | +102.0% |
| Fixed assets | 21/28 | €2,925 | €10,710 | +€7,785 | +266.2% |
| Tangible fixed assets | 22/27 | - | €7,785 | +€7,785 | |
| Furniture and vehicles | 24 | - | €7,785 | +€7,785 | |
| Financial fixed assets | 28 | €2,925 | €2,925 | = | 0.0% |
| Current assets | 29/58 | €46,489 | €89,119 | +€42,630 | +91.7% |
| Stocks and contracts in progress | 3 | €35,617 | €46,873 | +€11,256 | +31.6% |
| Stocks | 30/36 | €35,617 | €46,873 | +€11,256 | +31.6% |
| Amounts receivable within one year | 40/41 | €3,727 | €39,351 | +€35,624 | +955.8% |
| Trade receivables | 40 | €814 | €38,038 | +€37,224 | +4572.1% |
| Other amounts receivable | 41 | €2,913 | €1,313 | -€1,600 | -54.9% |
| Cash at bank and in hand | 54/58 | €6,806 | €2,752 | -€4,054 | -59.6% |
| Deferred charges and accrued income | 490/1 | €340 | €143 | -€197 | -57.9% |
| Total equity and liabilities | 10/49 | €49,414 | €99,829 | +€50,415 | +102.0% |
| Equity | 10/15 | €22,109 | €34,907 | +€12,799 | +57.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €14,000 | +€12,000 | +600.0% |
| Distributable reserves | 133 | €2,000 | €14,000 | +€12,000 | +600.0% |
| Profit (loss) carried forward | 14 | €109 | €907 | +€799 | +735.5% |
| Amounts payable | 17/49 | €27,306 | €64,922 | +€37,616 | +137.8% |
| Amounts payable after more than one year | 17 | €3,146 | - | -€3,146 | |
| Financial debts | 170/4 | €3,146 | - | -€3,146 | |
| Amounts payable within one year | 42/48 | €23,869 | €63,868 | +€39,999 | +167.6% |
| Current portion of amounts payable after more than one year | 42 | €3,644 | €3,429 | -€215 | -5.9% |
| Trade debts | 44 | €11,249 | €45,968 | +€34,719 | +308.7% |
| Suppliers | 440/4 | €11,249 | €45,968 | +€34,719 | +308.7% |
| Taxes, remuneration and social security | 45 | €6,875 | €12,370 | +€5,495 | +79.9% |
| Taxes | 450/3 | €693 | €2,675 | +€1,982 | +286.2% |
| Remuneration and social security | 454/9 | €6,182 | €9,695 | +€3,512 | +56.8% |
| Other amounts payable | 47/48 | €2,102 | €2,102 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €291 | €1,054 | +€763 | +262.7% |
| Remuneration, social security and pensions | 62 | €17,607 | €35,021 | +€17,413 | +98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €424 | +€424 | |
| Other operating charges | 640/8 | €831 | €613 | -€218 | -26.2% |
| Gross operating margin | 9900 | €16,322 | €51,686 | +€35,364 | +216.7% |
| Operating profit (loss) | 9901 | -€2,116 | €15,628 | +€17,745 | |
| Financial income | 75/76B | €90 | €296 | +€206 | +228.2% |
| Recurring financial income | 75 | €90 | €296 | +€206 | +228.2% |
| Financial charges | 65/66B | €1,393 | €1,297 | -€97 | -6.9% |
| Recurring financial charges | 65 | €1,393 | €1,297 | -€97 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,419 | €14,627 | +€18,047 | |
| Income taxes | 67/77 | €23 | €1,829 | +€1,805 | +7697.5% |
| Profit (loss) for the period | 9904 | -€3,443 | €12,799 | +€16,242 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,443 | €12,799 | +€16,242 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.