FRALOMA: 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.
FRALOMA
Largest movements
- Tangible fixed assets -€63,689
down €63,689 (-5.6%), from €1.1m to €1.1m
of which Furniture and vehicles: -€49,200
- Receivables within one year -€61,577
down €61,577 (-53.9%), from €114,344 to €52,767
of which Other amounts receivable: -€61,577
- Cash -€52,802
down €52,802 (-73.3%), from €72,030 to €19,228
mainly Other debts (-€150,920) and Debts after one year (-€51,154)
- Deferred charges and accrued income +€15,247
up €15,247 (+338.9%), from €4,500 to €19,746
- Other debts -€150,920
down €150,920 (-70.3%), from €214,675 to €63,755
- Reserves +€52,989
up €52,989 (+8.0%), from €662,805 to €715,794
of which Distributable reserves: +€52,989
- Debts after one year -€51,154
down €51,154 (-14.4%), from €354,699 to €303,545
- Current portion of long-term debt -€13,343
down €13,343 (-39.1%), from €34,158 to €20,815
- Gross operating margin -€87,470
down €87,470 (-38.6%), from €226,633 to €139,162
- Financial income -€61,456
down €61,456 (-95.3%), from €64,474 to €3,018
- Financial charges -€44,487
down €44,487 (-79.6%), from €55,917 to €11,430
- Taxes -€17,777
down €17,777 (-44.2%), from €40,210 to €22,433
- Depreciation -€11,787
down €11,787 (-25.7%), from €45,886 to €34,099
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 | €1,329,855 | €1,167,043 | -€162,812 | -12.2% |
| Fixed assets | 21/28 | €1,138,981 | €1,075,292 | -€63,689 | -5.6% |
| Tangible fixed assets | 22/27 | €1,134,331 | €1,070,642 | -€63,689 | -5.6% |
| Land and buildings | 22 | €1,071,075 | €1,054,143 | -€16,932 | -1.6% |
| Plant, machinery and equipment | 23 | €10,500 | €12,942 | +€2,442 | +23.3% |
| Furniture and vehicles | 24 | €52,756 | €3,556 | -€49,200 | -93.3% |
| Financial fixed assets | 28 | €4,650 | €4,650 | = | 0.0% |
| Current assets | 29/58 | €190,874 | €91,751 | -€99,122 | -51.9% |
| Amounts receivable within one year | 40/41 | €114,344 | €52,767 | -€61,577 | -53.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €114,344 | €52,767 | -€61,577 | -53.9% |
| Current investments | 50/53 | €0 | €10 | +€10 | +32866.7% |
| Cash at bank and in hand | 54/58 | €72,030 | €19,228 | -€52,802 | -73.3% |
| Deferred charges and accrued income | 490/1 | €4,500 | €19,746 | +€15,247 | +338.9% |
| Total equity and liabilities | 10/49 | €1,329,855 | €1,167,043 | -€162,812 | -12.2% |
| Equity | 10/15 | €690,611 | €743,601 | +€52,989 | +7.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €7,807 | €7,807 | = | 0.0% |
| Reserves | 13 | €662,805 | €715,794 | +€52,989 | +8.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €660,805 | €713,794 | +€52,989 | +8.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €639,243 | €423,443 | -€215,801 | -33.8% |
| Amounts payable after more than one year | 17 | €354,699 | €303,545 | -€51,154 | -14.4% |
| Financial debts | 170/4 | €354,699 | €303,545 | -€51,154 | -14.4% |
| Amounts payable within one year | 42/48 | €281,729 | €112,772 | -€168,957 | -60.0% |
| Current portion of amounts payable after more than one year | 42 | €34,158 | €20,815 | -€13,343 | -39.1% |
| Financial debts | 43 | €12,542 | €0 | -€12,542 | -100.0% |
| Credit institutions | 430/8 | €12,542 | €0 | -€12,542 | -100.0% |
| Trade debts | 44 | €983 | €3,631 | +€2,648 | +269.3% |
| Suppliers | 440/4 | €983 | €3,631 | +€2,648 | +269.3% |
| Taxes, remuneration and social security | 45 | €19,371 | €24,571 | +€5,200 | +26.8% |
| Taxes | 450/3 | €19,371 | €24,571 | +€5,200 | +26.8% |
| Other amounts payable | 47/48 | €214,675 | €63,755 | -€150,920 | -70.3% |
| Accrued charges and deferred income | 492/3 | €2,816 | €7,126 | +€4,310 | +153.1% |
| Non-recurring operating income | 76A | - | €3,506 | +€3,506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,886 | €34,099 | -€11,787 | -25.7% |
| Other operating charges | 640/8 | €11,120 | €6,076 | -€5,044 | -45.4% |
| Non-recurring operating charges | 66A | €1,701 | €15,154 | +€13,452 | +790.6% |
| Gross operating margin | 9900 | €226,633 | €139,162 | -€87,470 | -38.6% |
| Operating profit (loss) | 9901 | €167,925 | €83,834 | -€84,092 | -50.1% |
| Financial income | 75/76B | €64,474 | €3,018 | -€61,456 | -95.3% |
| Recurring financial income | 75 | €64,474 | €3,018 | -€61,456 | -95.3% |
| Financial charges | 65/66B | €55,917 | €11,430 | -€44,487 | -79.6% |
| Recurring financial charges | 65 | €55,917 | €11,430 | -€44,487 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | €176,483 | €75,422 | -€101,061 | -57.3% |
| Income taxes | 67/77 | €40,210 | €22,433 | -€17,777 | -44.2% |
| Profit (loss) for the period | 9904 | €136,273 | €52,989 | -€83,284 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €136,273 | €52,989 | -€83,284 | -61.1% |
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 8 October 2026 via checked.be.