FRALICO: 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.
FRALICO
Largest movements
- Receivables within one year +€44,147
up €44,147 (+26.3%), from €167,780 to €211,926
of which Trade receivables: +€34,757
- Cash +€35,656
up €35,656 (+9.1%), from €389,978 to €425,634
mainly Trade debts (+€277,302) and Tax, wage and social debts (+€40,932)
- Deferred charges and accrued income +€34,362
up €34,362 (+5734.1%), from €599 to €34,961
- Tangible fixed assets -€26,375
down €26,375 (-10.4%), from €254,681 to €228,306
of which Plant, machinery and equipment: -€23,530
- Stocks and contracts -€20,120
down €20,120 (-4.8%), from €417,389 to €397,269
- Trade debts +€277,302
up €277,302 (+29.3%), from €947,176 to €1.2m
- Profit (loss) carried forward -€189,414
down €189,414 (-62.5%), from -€303,280 to -€492,694
- Tax, wage and social debts +€40,932
up €40,932 (+27.3%), from €149,715 to €190,647
of which Taxes: +€39,285
- Short-term financial debts -€40,045
down €40,045 (-72.1%), from €55,559 to €15,514
- Debts after one year -€30,566
down €30,566 (-8.6%), from €355,748 to €325,182
- Gross operating margin +€263,022
up €263,022 (+61.1%), from €430,779 to €693,801
- Other operating charges -€18,223
down €18,223 (-62.9%), from €28,979 to €10,756
- Financial charges +€18,188
up €18,188 (+27.4%), from €66,484 to €84,672
- Financial income -€12,190
down €12,190 (-73.9%), from €16,485 to €4,295
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 | €1,303,157 | €1,370,826 | +€67,669 | +5.2% |
| Fixed assets | 21/28 | €327,411 | €301,036 | -€26,375 | -8.1% |
| Tangible fixed assets | 22/27 | €254,681 | €228,306 | -€26,375 | -10.4% |
| Plant, machinery and equipment | 23 | €198,448 | €174,918 | -€23,530 | -11.9% |
| Furniture and vehicles | 24 | €4,016 | €6,577 | +€2,561 | +63.8% |
| Other tangible fixed assets | 26 | €52,217 | €46,811 | -€5,406 | -10.4% |
| Financial fixed assets | 28 | €72,730 | €72,730 | = | 0.0% |
| Current assets | 29/58 | €975,746 | €1,069,790 | +€94,044 | +9.6% |
| Stocks and contracts in progress | 3 | €417,389 | €397,269 | -€20,120 | -4.8% |
| Stocks | 30/36 | €417,389 | €397,269 | -€20,120 | -4.8% |
| Amounts receivable within one year | 40/41 | €167,780 | €211,926 | +€44,147 | +26.3% |
| Trade receivables | 40 | €84,498 | €119,255 | +€34,757 | +41.1% |
| Other amounts receivable | 41 | €83,281 | €92,671 | +€9,390 | +11.3% |
| Cash at bank and in hand | 54/58 | €389,978 | €425,634 | +€35,656 | +9.1% |
| Deferred charges and accrued income | 490/1 | €599 | €34,961 | +€34,362 | +5734.1% |
| Total equity and liabilities | 10/49 | €1,303,157 | €1,370,826 | +€67,669 | +5.2% |
| Equity | 10/15 | -€235,080 | -€424,494 | -€189,414 | -80.6% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€303,280 | -€492,694 | -€189,414 | -62.5% |
| Amounts payable | 17/49 | €1,538,237 | €1,795,320 | +€257,083 | +16.7% |
| Amounts payable after more than one year | 17 | €355,748 | €325,182 | -€30,566 | -8.6% |
| Financial debts | 170/4 | €355,748 | €325,182 | -€30,566 | -8.6% |
| Amounts payable within one year | 42/48 | €1,182,489 | €1,462,419 | +€279,930 | +23.7% |
| Current portion of amounts payable after more than one year | 42 | €30,040 | €31,780 | +€1,740 | +5.8% |
| Financial debts | 43 | €55,559 | €15,514 | -€40,045 | -72.1% |
| Credit institutions | 430/8 | €55,559 | €15,514 | -€40,045 | -72.1% |
| Trade debts | 44 | €947,176 | €1,224,478 | +€277,302 | +29.3% |
| Suppliers | 440/4 | €947,176 | €1,224,478 | +€277,302 | +29.3% |
| Taxes, remuneration and social security | 45 | €149,715 | €190,647 | +€40,932 | +27.3% |
| Taxes | 450/3 | €16,595 | €55,880 | +€39,285 | +236.7% |
| Remuneration and social security | 454/9 | €133,120 | €134,767 | +€1,647 | +1.2% |
| Accrued charges and deferred income | 492/3 | - | €7,719 | +€7,719 | |
| Remuneration, social security and pensions | 62 | €751,166 | €746,197 | -€4,969 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,927 | €40,851 | -€76 | -0.2% |
| Other operating charges | 640/8 | €28,979 | €10,756 | -€18,223 | -62.9% |
| Non-recurring operating charges | 66A | €2,752 | €2,444 | -€308 | -11.2% |
| Gross operating margin | 9900 | €430,779 | €693,801 | +€263,022 | +61.1% |
| Operating profit (loss) | 9901 | -€393,046 | -€106,447 | +€286,599 | +72.9% |
| Financial income | 75/76B | €16,485 | €4,295 | -€12,190 | -73.9% |
| Recurring financial income | 75 | €16,485 | €4,295 | -€12,190 | -73.9% |
| Financial charges | 65/66B | €66,484 | €84,672 | +€18,188 | +27.4% |
| Recurring financial charges | 65 | €66,484 | €84,672 | +€18,188 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | -€443,044 | -€186,824 | +€256,220 | +57.8% |
| Income taxes | 67/77 | €375 | €2,590 | +€2,215 | +591.2% |
| Profit (loss) for the period | 9904 | -€443,419 | -€189,414 | +€254,005 | +57.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€443,419 | -€189,414 | +€254,005 | +57.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.