Fralou: 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.
Fralou
Largest movements
- Cash -€78,942
down €78,942 (-90.4%), from €87,329 to €8,387
mainly Contributions, distributions and other (-€200,000) and Other debts (-€88,020)
- Tangible fixed assets -€50,167
down €50,167 (-6.8%), from €741,489 to €691,322
of which Land and buildings: -€37,523
- Deferred charges and accrued income -€32,800
down €32,800 (-100.0%), from €32,800 to €0
- Receivables within one year +€20,934
up €20,934 (+142.9%), from €14,652 to €35,586
of which Other amounts receivable: +€21,037
- Other debts -€88,020
down €88,020 (-34.5%), from €255,309 to €167,289
- Debts after one year -€71,254
down €71,254 (-11.6%), from €616,700 to €545,446
of which Financial debts: -€71,855
- Reserves +€66,691
up €66,691 (+15.3%), from €436,319 to €503,010
- Current portion of long-term debt -€50,240
down €50,240 (-41.1%), from €122,155 to €71,915
- Financial income +€25,000
up €25,000 (+41.7%), from €60,000 to €85,000
- Gross operating margin -€24,082
down €24,082 (-7.2%), from €336,078 to €311,997
- Taxes -€5,532
down €5,532 (-8.0%), from €69,557 to €64,025
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 | €1,455,723 | €1,314,748 | -€140,975 | -9.7% |
| Fixed assets | 21/28 | €1,320,942 | €1,270,775 | -€50,167 | -3.8% |
| Tangible fixed assets | 22/27 | €741,489 | €691,322 | -€50,167 | -6.8% |
| Land and buildings | 22 | €697,468 | €659,945 | -€37,523 | -5.4% |
| Furniture and vehicles | 24 | €9,244 | €6,920 | -€2,324 | -25.1% |
| Leasing and similar rights | 25 | €34,778 | €24,457 | -€10,320 | -29.7% |
| Financial fixed assets | 28 | €579,453 | €579,453 | = | 0.0% |
| Current assets | 29/58 | €134,781 | €43,973 | -€90,808 | -67.4% |
| Amounts receivable within one year | 40/41 | €14,652 | €35,586 | +€20,934 | +142.9% |
| Trade receivables | 40 | €103 | €0 | -€103 | -100.0% |
| Other amounts receivable | 41 | €14,550 | €35,586 | +€21,037 | +144.6% |
| Cash at bank and in hand | 54/58 | €87,329 | €8,387 | -€78,942 | -90.4% |
| Deferred charges and accrued income | 490/1 | €32,800 | €0 | -€32,800 | -100.0% |
| Total equity and liabilities | 10/49 | €1,455,723 | €1,314,748 | -€140,975 | -9.7% |
| Equity | 10/15 | €454,919 | €521,610 | +€66,691 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €436,319 | €503,010 | +€66,691 | +15.3% |
| Distributable reserves | 133 | €436,319 | €503,010 | +€66,691 | +15.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,000,804 | €793,138 | -€207,666 | -20.7% |
| Amounts payable after more than one year | 17 | €616,700 | €545,446 | -€71,254 | -11.6% |
| Financial debts | 170/4 | €616,233 | €544,378 | -€71,855 | -11.7% |
| Other amounts payable | 178/9 | €467 | €1,068 | +€601 | +128.6% |
| Amounts payable within one year | 42/48 | €384,105 | €247,692 | -€136,412 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €122,155 | €71,915 | -€50,240 | -41.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €84 | €1,931 | +€1,848 | +2208.1% |
| Suppliers | 440/4 | €84 | €1,931 | +€1,848 | +2208.1% |
| Taxes, remuneration and social security | 45 | €6,557 | €6,557 | = | 0.0% |
| Taxes | 450/3 | €6,557 | €6,557 | = | 0.0% |
| Other amounts payable | 47/48 | €255,309 | €167,289 | -€88,020 | -34.5% |
| Non-recurring operating income | 76A | €0 | €4,687 | +€4,687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,553 | €50,167 | +€614 | +1.2% |
| Other operating charges | 640/8 | €2,848 | €2,629 | -€219 | -7.7% |
| Gross operating margin | 9900 | €336,078 | €311,997 | -€24,082 | -7.2% |
| Operating profit (loss) | 9901 | €283,677 | €259,200 | -€24,477 | -8.6% |
| Financial income | 75/76B | €60,000 | €85,000 | +€25,000 | +41.7% |
| Recurring financial income | 75 | €60,000 | €85,000 | +€25,000 | +41.7% |
| Financial charges | 65/66B | €13,420 | €13,484 | +€64 | +0.5% |
| Recurring financial charges | 65 | €13,420 | €13,484 | +€64 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €330,257 | €330,716 | +€459 | +0.1% |
| Income taxes | 67/77 | €69,557 | €64,025 | -€5,532 | -8.0% |
| Profit (loss) for the period | 9904 | €260,700 | €266,691 | +€5,992 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €260,700 | €266,691 | +€5,992 | +2.3% |
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 7 October 2026 via checked.be.