FRALCO: 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.
FRALCO
Largest movements
- Cash -€54,967
down €54,967 (-47.7%), from €115,135 to €60,167
mainly Debts after one year (-€62,566) and Receivables within one year (-€17,589)
- Tangible fixed assets -€26,972
down €26,972 (-11.1%), from €242,956 to €215,984
of which Leasing and similar rights: -€21,939
- Receivables within one year +€17,589
up €17,589 (+7.2%), from €244,612 to €262,201
of which Other amounts receivable: +€17,957
- Debts after one year -€62,566
down €62,566 (-28.4%), from €220,313 to €157,746
of which Financial debts: -€62,566
- Reserves -€11,142
down €11,142 (-2.4%), from €460,506 to €449,364
of which Distributable reserves: -€11,142
- Financial income +€19,765
up €19,765 (+2,728%), from €724 to €20,489
- Gross operating margin -€12,201
down €12,201 (-33.4%), from €36,554 to €24,353
- Taxes +€2,492
up €2,492 (+779%), from €320 to €2,812
- Financial charges -€2,117
down €2,117 (-10.7%), from €19,753 to €17,636
of which Financial charges: -€2,117
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 | €957,083 | €891,111 | -€65,972 | -6.9% |
| Fixed assets | 21/28 | €593,325 | €566,353 | -€26,972 | -4.5% |
| Tangible fixed assets | 22/27 | €242,956 | €215,984 | -€26,972 | -11.1% |
| Land and buildings | 22 | €170,769 | €166,573 | -€4,196 | -2.5% |
| Furniture and vehicles | 24 | €1,861 | €1,023 | -€837 | -45.0% |
| Leasing and similar rights | 25 | €70,326 | €48,388 | -€21,939 | -31.2% |
| Financial fixed assets | 28 | €350,369 | €350,369 | = | 0.0% |
| Current assets | 29/58 | €363,758 | €324,758 | -€39,000 | -10.7% |
| Amounts receivable within one year | 40/41 | €244,612 | €262,201 | +€17,589 | +7.2% |
| Trade receivables | 40 | €138,914 | €138,546 | -€368 | -0.3% |
| Other amounts receivable | 41 | €105,697 | €123,654 | +€17,957 | +17.0% |
| Cash at bank and in hand | 54/58 | €115,135 | €60,167 | -€54,967 | -47.7% |
| Deferred charges and accrued income | 490/1 | €4,011 | €2,390 | -€1,622 | -40.4% |
| Total equity and liabilities | 10/49 | €957,083 | €891,111 | -€65,972 | -6.9% |
| Equity | 10/15 | €589,411 | €578,269 | -€11,142 | -1.9% |
| Contributions | 10/11 | €128,905 | €128,905 | = | 0.0% |
| Capital | 10 | €128,905 | €128,905 | = | 0.0% |
| Issued capital | 100 | €128,905 | €128,905 | = | 0.0% |
| Reserves | 13 | €460,506 | €449,364 | -€11,142 | -2.4% |
| Non-distributable reserves | 130/1 | €12,890 | €12,890 | = | 0.0% |
| Legal reserve | 130 | €12,890 | €12,890 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,133 | €9,133 | = | 0.0% |
| Distributable reserves | 133 | €438,483 | €427,341 | -€11,142 | -2.5% |
| Amounts payable | 17/49 | €367,672 | €312,842 | -€54,829 | -14.9% |
| Amounts payable after more than one year | 17 | €220,313 | €157,746 | -€62,566 | -28.4% |
| Financial debts | 170/4 | €96,366 | €33,800 | -€62,566 | -64.9% |
| Other amounts payable | 178/9 | €123,947 | €123,947 | = | 0.0% |
| Amounts payable within one year | 42/48 | €142,756 | €150,851 | +€8,096 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €60,682 | €62,566 | +€1,884 | +3.1% |
| Trade debts | 44 | €3,864 | €6,012 | +€2,149 | +55.6% |
| Suppliers | 440/4 | €3,864 | €6,012 | +€2,149 | +55.6% |
| Taxes, remuneration and social security | 45 | €16,444 | €15,222 | -€1,222 | -7.4% |
| Taxes | 450/3 | €13,819 | €12,502 | -€1,317 | -9.5% |
| Remuneration and social security | 454/9 | €2,625 | €2,720 | +€95 | +3.6% |
| Other amounts payable | 47/48 | €61,766 | €67,051 | +€5,285 | +8.6% |
| Accrued charges and deferred income | 492/3 | €4,603 | €4,245 | -€359 | -7.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,651 | €29,746 | +€96 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,480 | €5,791 | +€311 | +5.7% |
| Gross operating margin | 9900 | €36,554 | €24,353 | -€12,201 | -33.4% |
| Operating profit (loss) | 9901 | €1,423 | -€11,184 | -€12,608 | |
| Financial income | 75/76B | €724 | €20,489 | +€19,765 | +2,728% |
| Recurring financial income | 75 | €724 | €20,489 | +€19,765 | +2,728% |
| Financial charges | 65/66B | €19,753 | €17,636 | -€2,117 | -10.7% |
| Recurring financial charges | 65 | €19,753 | €17,636 | -€2,117 | -10.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€17,605 | -€8,331 | +€9,274 | +52.7% |
| Income taxes | 67/77 | €320 | €2,812 | +€2,492 | +779% |
| Profit (loss) for the period | 9904 | -€17,925 | -€11,142 | +€6,783 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,925 | -€11,142 | +€6,783 | +37.8% |
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.