FRALCON: what changed
What changed
FRALCON
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€15,132
2024 · €23,569-€8,437
Equity
€55,237
2024 · €40,105+€15,132
Cash
€27,052
2024 · €35,494-€8,442
Balance sheet total
€64,203
2024 · €62,774+€1,429
Largest movements
Assets
- Receivables within one year +€13,813
up €13,813 (+88.3%), from €15,640 to €29,453
of which Trade receivables: +€13,365
- Cash -€8,442
down €8,442 (-23.8%), from €35,494 to €27,052
mainly Receivables within one year (-€13,813) and Other debts (-€8,850)
- Tangible fixed assets -€3,818
down €3,818 (-33.2%), from €11,515 to €7,697
Equity and liabilities
- Reserves +€15,132
up €15,132 (+39.7%), from €38,105 to €53,237
- Other debts -€8,850
down €8,850 (-88.5%), from €10,000 to €1,150
- Tax, wage and social debts -€5,334
down €5,334 (-80.0%), from €6,666 to €1,332
Income statement
- Gross operating margin -€7,221
down €7,221 (-21.2%), from €34,073 to €26,852
- Depreciation +€3,265
up €3,265 (+181%), from €1,808 to €5,074
- Taxes -€2,437
down €2,437 (-31.5%), from €7,734 to €5,297
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€23,569
Gross operating margin
-€7,221
Depreciation
-€3,265
Other operating charges
-€133
Other operating items
+€136
Financial income
-€294
Financial charges
-€97
Taxes
+€2,437
Result 2025
€15,132
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€7,457
Investment
-€1,255
Financing
+€271
Cash 2024
€35,494
From operations (derived)
-€7,457
Net result for the year
+€15,132
Depreciation
+€5,074
Receivables within one year
-€13,813
Deferred charges and accrued income
+€124
Trade debts
+€242
Tax, wage and social debts
-€5,334
Other debts
-€8,850
Accrued charges and deferred income
-€32
Investment (derived)
-€1,255
Investment in fixed assets (net)
-€1,255
Financing
+€271
Current portion of long-term debt
+€271
Cash 2025
€27,052
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,774 | €64,203 | +€1,429 | +2.3% |
| Fixed assets | 21/28 | €11,515 | €7,697 | -€3,818 | -33.2% |
| Tangible fixed assets | 22/27 | €11,515 | €7,697 | -€3,818 | -33.2% |
| Furniture and vehicles | 24 | €11,515 | €7,697 | -€3,818 | -33.2% |
| Current assets | 29/58 | €51,259 | €56,506 | +€5,247 | +10.2% |
| Amounts receivable within one year | 40/41 | €15,640 | €29,453 | +€13,813 | +88.3% |
| Trade receivables | 40 | €10,505 | €23,870 | +€13,365 | +127% |
| Other amounts receivable | 41 | €5,135 | €5,583 | +€448 | +8.7% |
| Cash at bank and in hand | 54/58 | €35,494 | €27,052 | -€8,442 | -23.8% |
| Deferred charges and accrued income | 490/1 | €124 | - | -€124 | |
| Total equity and liabilities | 10/49 | €62,774 | €64,203 | +€1,429 | +2.3% |
| Equity | 10/15 | €40,105 | €55,237 | +€15,132 | +37.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €38,105 | €53,237 | +€15,132 | +39.7% |
| Distributable reserves | 133 | €38,105 | €53,237 | +€15,132 | +39.7% |
| Amounts payable | 17/49 | €22,669 | €8,966 | -€13,703 | -60.4% |
| Amounts payable within one year | 42/48 | €22,624 | €8,953 | -€13,671 | -60.4% |
| Current portion of amounts payable after more than one year | 42 | €4,958 | €5,229 | +€271 | +5.5% |
| Trade debts | 44 | €1,000 | €1,242 | +€242 | +24.2% |
| Suppliers | 440/4 | €1,000 | €1,242 | +€242 | +24.2% |
| Taxes, remuneration and social security | 45 | €6,666 | €1,332 | -€5,334 | -80.0% |
| Taxes | 450/3 | €6,666 | €1,332 | -€5,334 | -80.0% |
| Other amounts payable | 47/48 | €10,000 | €1,150 | -€8,850 | -88.5% |
| Accrued charges and deferred income | 492/3 | €45 | €13 | -€32 | -71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,808 | €5,074 | +€3,265 | +181% |
| Other operating charges | 640/8 | €717 | €850 | +€133 | +18.6% |
| Non-recurring operating charges | 66A | €295 | €159 | -€136 | -46.1% |
| Gross operating margin | 9900 | €34,073 | €26,852 | -€7,221 | -21.2% |
| Operating profit (loss) | 9901 | €31,252 | €20,768 | -€10,484 | -33.5% |
| Financial income | 75/76B | €294 | - | -€294 | |
| Recurring financial income | 75 | €294 | - | -€294 | |
| Financial charges | 65/66B | €243 | €340 | +€97 | +39.7% |
| Recurring financial charges | 65 | €243 | €340 | +€97 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | €31,303 | €20,429 | -€10,874 | -34.7% |
| Income taxes | 67/77 | €7,734 | €5,297 | -€2,437 | -31.5% |
| Profit (loss) for the period | 9904 | €23,569 | €15,132 | -€8,437 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,569 | €15,132 | -€8,437 | -35.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.