FRALPARO: 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.
FRALPARO
Largest movements
- Cash +€79,478
up €79,478 (+6847.3%), from €1,161 to €80,638
mainly Net result for the year (+€129,826) and Depreciation (+€38,363)
- Receivables within one year +€40,417
up €40,417 (+56.0%), from €72,144 to €112,561
- Tangible fixed assets -€27,933
down €27,933 (-7.2%), from €390,492 to €362,559
of which Land and buildings: -€23,304
- Reserves +€70,682
up €70,682 (+343.0%), from €20,609 to €91,291
of which Distributable reserves: +€67,524
- Profit (loss) carried forward +€59,144
up €59,144 (+87.6%), from €67,524 to €126,667
- Debts after one year -€34,083
down €34,083 (-31.5%), from €108,156 to €74,074
- Trade debts -€9,018
down €9,018 (-93.2%), from €9,672 to €654
- Gross operating margin +€61,997
up €61,997 (+50.8%), from €122,154 to €184,151
- Other operating charges +€7,181
up €7,181 (+1623.9%), from €442 to €7,623
- Depreciation -€6,402
down €6,402 (-14.3%), from €44,765 to €38,363
- Taxes +€4,849
new in 2025: €4,849
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 | €466,134 | €558,582 | +€92,448 | +19.8% |
| Fixed assets | 21/28 | €390,492 | €362,559 | -€27,933 | -7.2% |
| Tangible fixed assets | 22/27 | €390,492 | €362,559 | -€27,933 | -7.2% |
| Land and buildings | 22 | €377,381 | €354,077 | -€23,304 | -6.2% |
| Plant, machinery and equipment | 23 | €13,111 | €8,483 | -€4,629 | -35.3% |
| Current assets | 29/58 | €75,642 | €196,023 | +€120,380 | +159.1% |
| Amounts receivable within one year | 40/41 | €72,144 | €112,561 | +€40,417 | +56.0% |
| Other amounts receivable | 41 | €72,144 | €112,561 | +€40,417 | +56.0% |
| Cash at bank and in hand | 54/58 | €1,161 | €80,638 | +€79,478 | +6847.3% |
| Deferred charges and accrued income | 490/1 | €2,338 | €2,823 | +€485 | +20.8% |
| Total equity and liabilities | 10/49 | €466,134 | €558,582 | +€92,448 | +19.8% |
| Equity | 10/15 | €311,632 | €441,459 | +€129,826 | +41.7% |
| Contributions | 10/11 | €223,500 | €223,500 | = | 0.0% |
| Capital | 10 | €223,500 | €223,500 | = | 0.0% |
| Issued capital | 100 | €223,500 | €223,500 | = | 0.0% |
| Reserves | 13 | €20,609 | €91,291 | +€70,682 | +343.0% |
| Non-distributable reserves | 130/1 | €19,191 | €22,350 | +€3,159 | +16.5% |
| Legal reserve | 130 | €19,191 | €22,350 | +€3,159 | +16.5% |
| Distributable reserves | 133 | €1,417 | €68,941 | +€67,524 | +4764.4% |
| Profit (loss) carried forward | 14 | €67,524 | €126,667 | +€59,144 | +87.6% |
| Amounts payable | 17/49 | €154,502 | €117,124 | -€37,378 | -24.2% |
| Amounts payable after more than one year | 17 | €108,156 | €74,074 | -€34,083 | -31.5% |
| Financial debts | 170/4 | €108,156 | €74,074 | -€34,083 | -31.5% |
| Amounts payable within one year | 42/48 | €42,835 | €39,586 | -€3,249 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €33,162 | €34,083 | +€920 | +2.8% |
| Trade debts | 44 | €9,672 | €654 | -€9,018 | -93.2% |
| Suppliers | 440/4 | €9,672 | €654 | -€9,018 | -93.2% |
| Taxes, remuneration and social security | 45 | - | €4,849 | +€4,849 | |
| Taxes | 450/3 | - | €4,849 | +€4,849 | |
| Accrued charges and deferred income | 492/3 | €3,511 | €3,464 | -€47 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,765 | €38,363 | -€6,402 | -14.3% |
| Other operating charges | 640/8 | €442 | €7,623 | +€7,181 | +1623.9% |
| Gross operating margin | 9900 | €122,154 | €184,151 | +€61,997 | +50.8% |
| Operating profit (loss) | 9901 | €76,947 | €138,165 | +€61,218 | +79.6% |
| Financial income | 75/76B | €0 | €419 | +€419 | +139656.7% |
| Recurring financial income | 75 | €0 | €419 | +€419 | +139656.7% |
| Financial charges | 65/66B | €4,805 | €3,909 | -€896 | -18.6% |
| Recurring financial charges | 65 | €4,805 | €3,909 | -€896 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €72,143 | €134,675 | +€62,532 | +86.7% |
| Income taxes | 67/77 | - | €4,849 | +€4,849 | |
| Profit (loss) for the period | 9904 | €72,143 | €129,826 | +€57,684 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,143 | €129,826 | +€57,684 | +80.0% |
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 4 October 2026 via checked.be.